I am 18 years old and I have been practicing spot-forex trading for several months now with FX Club and I am quite good at it and have learned a lot about currency trading from my demo account and some books and internet article sites on currency & options trading. Its become my passion actually.

I also know something that actually is a secret to FX trading success; the trends are usually long term, lasting from several months to several years meaning you are best to trade for the long term on currency pairs to enjoy the ride of making money. You can’t do this with spot-FX because you are trading on margin and if a trading position is left open too long, you will be wiped out within so long.

What I would like to know is if currency options trading is a good way to trade currency by simple vanilla call & put options as I know that spot-FX is essentially a mugs game? Also is there anybody out there who trades currency options for a living at all? Also, what is an easy to use currency options trading brokerage that can be used by a UK based investor? Please help advise. Thanks.

P.S. Sorry my question is too long.

if you want to trade forex, you need to trade futures. if you don’t have enough money you need to save the money while doing something else while learning more about forex and then trade futures. once you are able to trade futures you could add options on futures if you wanted but you do not need to do that. generally speaking successful option trading is more difficult than than trading futures or stocks. options are never simple vanilla.

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The CPA in a statement here said, “The Commissioner of Elections appears to have given up on his attempts to enforce the law in terms of his powers under the Seventeenth Amendment…We unequivocally maintain that the failure and/or refusal of public officials and other persons to follow the directions of the Commissioner and the Competent Authority is a clear breach of a legal duty imposed by the Constitution”.

http://www.hindu.com/2010/01/21/stories/2010012155411700.htm

Rajapaksa’s continued virulent acts of placing armed extremist militias and personal appointees in charge of larger land extents is also another repugnant act of this "family" government.

http://www.lankatruth.com/index.php?option=com_content&view=article&id=4342:ill-abolish-devananda-rajapakse-agreement-as-soon-as-i-become-president–general-promises-maha-sangha&catid=35:local&Itemid=50

Can Rajapaksa explain what has happened to the aide funds recieved from India for resettlement?
Can Rajapaksa explain what happened to the funds that were attained through limited Forex to pay Gold Key/Ceylinco depositors that were bilked by his own family interests?
Can Rajapaksa explain why his new policy of non-taxing banks is coinciding with his own family members sitting on boards of several in the past 2 years?
Can Rajapaksa explain why members of his own foreign service are stating that he has a dual citizenship status?
VOTE FOR CHANGE AND THEN HE CAN EXPLAIN FROM A DIFFERENT CHAIR THAN THAT OF EXECUTIVE PRESIDENT
700,000 votes Jaffna, 700,000 votes Kandy, 700,000 votes Matara, 700,000 votes Trincomalee, 700,000 votes Anuradaphura – send "Ali Baba" and his 300+ thieves home to Medamulana – let us recover our foreign service from Rajapaksa family members, let us recover our banks from Rajapaksa dallyings, let us have Rajapaksa explain how the oil hedging deal doubled in value overnight by the participation of his in-laws, let us set straight to books this major addition so that we can gain the actual 100 million dollar credit instead of forfeit because of such thuggery. VOTE FOR CHANGE AND SEND RAJAPAKSA BACK TO MEDAMULANA.

well yes

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I am planning to invest my money in forex. Before i do so, i would like to learn the basics in forex trading. For this purpose i need few books or may be some reference site to get a detailed knowledge about foreign exchange.

There are several websites that allow you to learn the basics for free. I’ll let my favorite free websites on the sources.

Good luck.

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