Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Budget 2023
Budget 2023
you are here: HomeNewsOpinion

FX Learn | How to use options to trade in foreign currency pairs

Options offer an alternative strategy for traders to profit from moves in the underlying currency

June 02, 2022 / 12:43 PM IST
FX Learn | How to use options to trade in foreign currency pairs

Representative Image (Source: ShutterStock)

We have learnt how to execute directional trades using futures with two widely used methods: chart patterns and indicators. Now that the base for jumping into trading is ready, it’s time to focus on the process. There are many decisions involved in trading like identifying direction, deciding when to enter, how much to buy/sell, when to exit and so on. Even a single wrong decision can ruin the entire trade. Therefore, to be profitable in long run we need...

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers