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 …

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 …