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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.
I have an interest in trading forex as I’m quite good at it. I have tried out easy-forex but don’t like their spreads as they are too wide, I have been practicing using FX Club and have made as much as 500%+ return in a month, but I’m not sure. I have even tried practicing spread betting forex and have made as much as 400%+.
I want to know if there is a better forex broker out there that is a good forex broker that lets you take advantage of up to date news, charts and is easy to use, doesn’t have spreads and charges commisions only. Also one thast can be used by a UK resident. All help would be much appreciated thanks.
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