Posted by forex at 9:15 AM
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1. Determine whether you want to invest in call options or SPOT options. Call options let you buy stock either during the time period before the expiration date for your options or on the date of expiration. Put options let you sell stock either during the time period before the expiration date for your options or on the date of expiration. SPOT options require that you dictate a scenario--like currency X will reach a certain trading value by a certain date--and then you receive the stock if that exact thing happens.
2. Contact a broker who deals in the Foreign Exchange Market. Most brokers will work with this market, as it is one of the largest in the world and is not regulated by the Securities and Exchange Commission.
3. Tell your broker how you want to exercise your call, put, or SPOT options. Decide on a price that the stock will be sold or purchased at and when you want the options you're purchasing to expire.
4. Have your broker exercise the trade. Watch the market carefully during your expiration period and be sure to call your broker if you decide to exercise your option to buy or sell on the Foreign Exchange during that time period.