Article contest
EURUSD 1.2300 strike expiry today rumored for good size ........says the news headline, but how do you interpret this ? To
understand fx options it is best to explain some of the conventions that all
professional option traders know but is not necessarily, written down anywhere. The aim of this article is to level the playing field somewhat for the retail trader by discussing common procedures in the interbank fx options market.

Cut-off times

Majority of the fx option flow is OTC (Over-the-counter),
which basically means that it is independent of any exchanges. While terms can
be individual, in order to maintain liquidity there are a number of
standardized conventions. Still, these conventions vary from currency pair to
currency pair.

If you know a little about fx options, you have probably
heard about NY cut-off which is 10AM New-York time. This is when almost all fx options are expired, especially for
majors, but there are a few exceptions.

If you trade emerging market currencies you should know that
for TRY, the cut-off is 12:00 London time, while for PLN it is 11:00 Warsaw
time (normally 10 LDN), while for HUF it is 12:00 Budapest time (normally 11
LDN). If you trade asian …
Translate to English
Show original
Since you are not logged in, we don't know your spoken language, but assume it is English.
Please, sign in or choose another language to translate from the list.
or
Translate to:
Comments : 0 | Likes : 1
forex competitions chess go
Posted on 1 Aug 2012 at 08:37 GMT by tamastrading
I love to compete. I am an only child so the first person I
wanted to beat when I was young was my father. I challenged him to chess all
the time. I only wanted to win just once. I went to the library and found
chess books, read up on opening moves, modern strategies. I never won. One time I went to
a coffee shop and got introduced to Go. I got half-a-dozen games under my belt
before buying a set and challenged my father again. I won easily. The tables
have turned, but I have never really learned how to properly play chess,
because I got satisfied with my Go victory. I never got any good at Go either.

What does this have to do with forex competitions? Well it
is just a completely different game.

Forex competitions teaches you bad
trading habits. The only way you can win a monthly trading contest is
by having unsustainable returns. Its like a poker game where you have to
go all-in all the time. You pick up bad habits that will impact your
sustainable and consistent trading skills.It builds false hopes.  You look at previous months winner
getting 400%+ on their money and think maybe this is the way to recover
the half-a-dozen wiped out accounts. Howeve…
Translate to English
Show original
Since you are not logged in, we don't know your spoken language, but assume it is English.
Please, sign in or choose another language to translate from the list.
or
Translate to:
Comments : 4 | Likes : 3
Contacts   Hot Links   Search
Dukascopy Bank SA
Route de Pre-Bois 20, ICC, Entrance H,1215 Geneva 15, Switzerland
tel: +41 22 799 4888, fax: +41 22 799 4880
info@dukascopy.comtwitterfacebookweibo
Site Map
Report an issue
© 1998-2014 Dukascopy® Bank SA
On-line Currency forex trading with Swiss Forex Broker - ECN Forex Brokerage,
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News
Currency Forex Trading Platform provided on-line by Dukascopy.com