Posted by forex at 4:48 AM
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1. Read specialized books on currency options. The best are the books written by foreign exchange option traders and investors, as they offer the market perspective, as opposed to the theoretical underpinnings of option pricing. You can buy those books on line or borrow them from your local library.
2. Open a demo account with a brokerage firm that allows customers to trade currency options. A demo account is just like the real account, but the money is not real. Brokers offer demo account to potential clients for them to test the trading platforms and get familiar with the trading instruments, currency options included.
3. Open a live account and make a minimum deposit. When you know that the money is real, you should typically be more cautious in your trade. If you have success with trading currency options, you can increase you trading deposit and make currency options trading a part of your investment strategy.