Options Trading for Beginners: Trade Currencies With Options

Name: Options Trading for Beginners: Trade Currencies With Options
Rating: 4.4 (31 reviews)

Understand Options Completely and Discover a Powerful Options Strategy to Trade Currencies

Created byCecil Lourens

Last updated 11/2020

English

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What you'll learn

Learn everything you need to know about options in order to understand and successfully implement the strategy
How to use a powerful, yet unique low-risk options strategy to suit any market condition
How to use an effective exit strategy to bank profits, even when the market turns against you
Learn from real setups and follow a step-by-step process to apply this strategy to your own trades

Course content

8 sections • 51 lectures • 9h 37m total length

Risk Disclaimer, Instructor Introduction and Background8:53
Get to know your instructor
Risk Disclaimer
Course Introduction and Goal11:48
Understand what we mean by a risk-free trade and how we want to reach this position with limited risk. We also look at a position graph and how to read it to better visualize an options position.
Options and Brokerage Software5:20
We discuss the options and brokerage software we will be using in this course.
Laying the Right Foundation Before We Proceed5:30
We take a look at how we will proceed for the remainder of the course and mention the importance of laying a strong foundation in order to fully understand the inner workings and the power of our currency strategy.

Market Overview8:51
Trading Commodities9:21
Speculate on futures prices without physical delivery, using fixed quantity contracts and standard delivery dates. In rising markets buy first then sell high; in falling markets sell first then buy.
Explaining Margin9:31
Learn how futures involve settling price differences, not owning assets, with margin as a security deposit. Understand margin calls, broker and exchange roles, and maintain capital through diversification.
Contract Specifications and Point Values6:55
Where to Find Additional Market Information13:59

What Does it Mean to Go Long or Short an Option?8:06
Video Quiz3:37
Follow the video quiz and write down your answer. The answer will be revealed in another video later on.
Detailed Explanation of What Calls and Puts Are17:16
Explain how a call or put option guarantees the buyer the right to buy or sell the underlying market. Include strike price, expiry, American options, European options, and open interest.
The Meaning of Exercising an Option17:46
What Happens to an Option on the Expiry Date?16:46
Know that you know what Exercising an Option means, we take a look at what happens to an Option contract on the Day of Expiry after the Close of the Business/Trading Day.
We also take a look at additional Options Terminology: In-The-Money (ITM), At-The-Money (ATM), and Out-Of-Money (OTM).
Addressing Common Questions About Options Expiry4:25
What is Options Premium?16:24
Bid and Ask Prices - Live Demo14:42
Recap of Bid and Ask Prices7:46
Explore how bid and ask prices drive price discovery in currency options and shape potential trade executions, including how point values translate to dollar value.
What Drives Options Premium? Part 111:43
Explore what drives options premium from the seller’s risk perspective, including time value, intrinsic value, and how distance to strike price and market sentiment shape pricing.
What Drives Options Premium? Part 28:52
The Impact of Implied Volatility11:32
The Options Pricing Model7:50
Explore how the options pricing model estimates a fair price using time, distance, and implied volatility, with Black-Scholes as a common method, and discuss the role of the Greeks.
A Closer Look at the Greeks: DELTA9:37
A Closer Look at the Greeks: THETA10:02
Where to Find Options Information Online14:22
Navigate brokerage platforms to locate option quotes, implied volatility, deltas, gammas, and last prices for Australian dollar options, and understand open interest and time decay.
How to Correctly Interpret Implied Volatility13:13
Learn how to interpret implied volatility for currencies by monitoring year-long IV ranges and using free online data. Apply Black-Scholes to calculate option premiums.
How to Calculate Options Premium Yourself14:37
Calculate options premium by applying price changes, delta, time decay, and implied volatility to compare fair price with market price.
The Effects of Time and Distance on Options Premium9:22
Options Terminology Recap - Part 119:00
Options Terminology Recap - Part 213:23
Learn how implied volatility shapes option premiums, and how buyers navigate time decay, price moves, and strategy choices in rising or falling markets.
Options Terminology Recap - Part 311:36
Important Quizzes Before We Move On - Quiz 1
Quiz 2
Quiz 3
Quiz 4
Quiz 5
Quiz 6

Synthetic Options12:39
Learn synthetic options by constructing call or put exposures with futures and options, illustrated through a currency example and discussions of premium, intrinsic value, and payoff outcomes.
Setting up an Synthetic Option Position on the Australian Dollar9:54
Learn to construct a synthetic option position on the Australian dollar by combining call and put options with futures, analyzing strike price, premium, delta, and risk.
Explaining the Risk Involved Trading Synthetic Options6:08
Synthetic Options Recap11:04
Learn how to build synthetic options by combining calls, puts, and futures to create six possible positions, including artificial futures, with practical tips and visual aids.
Why Trade Synthetic Options? Exposing the Power of a Synthetic Option Position14:10
Explore how synthetic options replace a short call with a short put plus a future to create the same straddle, offering greater flexibility and potential profit in currency trading.
Summary of Synthetic Options8:15
Explore how to create synthetic options by swapping between call and put through the underlying futures market, turning risk into a risk-free trade.

The Ultimate Goal of This Strategy9:53
Limit your exposure to risk when trading currencies with options by using low-risk entry points, momentum-driven option purchases, and adaptive strategies that aim for a risk-free position.
Trading Strategy Examples14:08
Demonstrates a currency options trade using the Canadian dollar, detailing put and call options, delta-based selection, momentum triggers, and a risk-free exit with guaranteed profit.
Addressing Common Questions6:12

Detailed Trade Entry Parameters17:09
Present detailed trade entry parameters for beginners, focusing on buying near-term options with low implied volatility, confirming market momentum, and using tight stops to avoid chasing entries.
Implementing the Strategy - Part 111:56
Implementing the Strategy - Part 211:47
Explore implementing a currency options strategy by using a put option, stop orders, and a stop-triggered conversion to a call, enabling a risk-managed, potentially risk-free trade.
Recap of Strategy Entry Technique16:41
Actions to Take When Things go Wrong10:48
How to Implement Strategy With Multiple Contracts8:09
Learn a multi-option strategy to profit from downtrends by buying puts, using stop orders and long futures, then cycling profits into additional options to manage risk.
Entry Point Examples14:35
Explore entry techniques for currency options using bar charts, not indicators. Learn to enter with calls or puts, manage time decay, and place near stops to create risk-free reversals.
Trade Example in a Trending Market14:28
Learn how to trade currencies by buying put options in downtrends, manage stops to risk-free levels, and convert to synthetic risk-free call options.
Trade Example in a Level Market14:27

Requirements

This course is suited for both the beginner or experienced options trader
You will need access to a computer and internet connection
You will need either a practice or live trading account with a broker that offers options trading
A willingness to learn and put in the effort to complete this course will greatly improve your chances of success trading options

Description

Options trading is still considered by many traders as either too risky or difficult to understand. The fact of the matter is that once options are fully understood that they can give you a serious edge in the markets which allows you to compete with professional traders.

Unfortunately, most traders that delve into the world of options trading fail to put in the effort required to understand options, or they fall into the trap of doing a course here and there that promises unrealistic fortunes with very little effort.

This course "Options Trading for Beginners: Trade Currencies With Options" was, at first, meant to only reveal my favorite options strategy - that I personally use to trade the currency markets - but after carefully listening to feedback from many traders that I have trained over the years, the overwhelming issue that most traders had was that they lacked even the basic understanding of what options are and how they work.

Without understanding options first, you will not be able to grasp the strategy covered in this course and fully appreciate its uniqueness and powerful application. For this reason, I decided to include the foundational knowledge required to understand options first, before I reveal the strategy later. This addition adds tremendous educational value for both the complete beginner or the trader that still thinks options trading is too difficult to understand (or too risky).

With over 9 hours of video content and many free resources, this course will take you through the steps required to understand options first and then further provide you with a professional strategy to give you the best chance possible to take that next step towards a more successful trading experience.

Here are some of the features and benefits that my strategy has to offer:

Know when and how to execute a position in the currency markets with limited risk using options (no high-risk option selling is required).
Learn how to convert your initial position into a risk-free position where you cannot lose anymore.
How to follow market direction without second-guessing.
Discover how you can step away from the market and free up your time without being glued to your screen all day long.
Greatly leverage your profit potential with this unique approach.
Benefit from a strategy that delivers consistent results.

Apart from all these benefits, I wanted to make sure that you have the necessary resources available after you completed this course to help you with important trading decisions that are discussed in the videos. Completing a course is one thing but having additional educational support from a professional options trader afterward is difficult to find and priceless.

Level the playing field and obtain the knowledge required to compete with professional traders. This course "Options Trading for Beginners: Trade Currencies With Options" was developed to do just that!

Who this course is for:

Beginner and experienced traders who want to learn a powerful options strategy
Traders who currently struggle and who want to discover a more consistent method to trade
Forex, Binary options, Stock and Futures traders who want to explore an alternative trading method
Traders who cannot watch their screens all day long and who want a more relaxed way of trading

Options Trading for Beginners: Trade Currencies With Options

What you'll learn

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Course content

Introduction4 lectures • 32min

Markets5 lectures • 49min

Section 3: Understanding Options22 lectures • 4hr 22min

Synthetic Options6 lectures • 1hr 2min

Overview of Market Dynamics1 lecture • 12min

Trading Currencies With Options - Strategy Introduction3 lectures • 30min

Strategy Implementation9 lectures • 2hr

Course Conclusion1 lecture • 10min

Requirements

Description

Who this course is for: