scg1368 wrote an interesting post today on
Here’s a quick excerpt
By Joshua W. Lucille

Forex online option trading is a brand new opportunity as of 2007 for individual investors to trade options on world currencies. Offered through the Philadelphia Exchange world currency options are traded in exactly the same way as any other option. Currency options offer a major benefit to those interested in FX trading.
Up until 2007, the only way to trade in currencies was through futures, and through forex market makers. Both involve a much greater degree of difficulty than simply trading in forex currency options. In futures, there is a great deal of risk. If your position moves against you, your loss can be potentially unlimited. In both futures and spot FX markets, you are tied to your trade 24 hours a day, watching and guarding against constant fluctuations. While you still have to keep an eye on your positions, world currency options are traded only when the […]

Read the rest of this great post here