Global markets are reflecting an increased presence of conflicting fundamentals and with it an increase in uncertainty on price direction. As a result, currency pairs will tend to engage in wider weekly and monthly ranges. Yet, the uncertainty doesn't mean the forex trader can't participate in what may be an era where expecting the unexpected may become the norm. Traders need to tolerate the greater daily swings in prices resulting from current market conditions, and it may be a better time than ever to consider getting started in options on spot forex. While there are a variety of different types of options to consider, the best way to get started is to master plain vanilla strategies, purchasing calls or puts. Writing (selling) options and exotic spreads are not recommended for beginners.
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