Attempt vanilla options
Always interested in the financial markets and I wanted to try yourself different options trade. I love how they are linked together by politics, economics and the latest news. When traded on the forex market, all these pieces of the puzzle must fit together to make the right decision: buy or sell. And this is a game that is extremely complex and brings great satisfaction. After a short period of trying your hand at the simulator I decided that it's time to trade real money. Although the simulator I had a few successes, I was of course aware that transactions using real money is a different story. I decided, therefore, somewhat drained of tone and shrunk their positions, and then went into action with a small sum, which I could afford the loss. The forex market on Tuesday I decided that Thursday is a good day to myself to trade in the currency markets, as traders were still heavily influenced by the FOMC meeting, which was held on Wednesday. Besides, this morning US Department of Commerce will publish data of US GDP and is, I hope, will create market instability enough to have created a profitable business options. I decided to focus on a pair of EUR / USD, because it is the most popular pair in the forex market in the world, and has a large potential to move according to the American market reports. The first transaction The vanilla options, the best part is that they are easy to understand and well-suited to the method "set and forget" (set and forget). This means that if you have already decided on a direction, wykalkulowałeś risk and bought that option, you do not have to take any other decision. In fact, you can even turn your charts and visit your trading platform later that day to t6y7lko see if you won or lost can. It's really convenient option. Protects against overinvestment and not have to worry about their transactions. It also gives time for us to focus on finding the next possibility. With all this in consciousness, I decided in the morning on EUR / USD. Currency pair descended slowly and steadily down during the previous session and the moving average of the previous 50 periods indicated that the currency is in a down trend in the horizon 1 hour. On Thursday early morning pair EUR / USD lightly lifted up and stopped in accordance with the indicator RSI (14) ceased to be in the "oversold". I took the opportunity and went for a short time, I decided to PUT option, expecting movement below 1.0925 by the end of the day. It was not a particularly risky maneuver, as a result, the reward for him not to be too great. But when I checked the market five hours later, the pair EUR / USD was already quite close to the level of 1.0900, and my simple vanilla option turned out to be quite a big profit. When the session closed with strong support at 1.0900 decided that this would be the perfect time to close the PUT option and finish with a nice profit in the amount of $ 160. A little later the same day, the EUR / USD began to climb up and the level of 1.0900 proved to be a great point to close the vanilla option.












