I have always traded futures contracts and now would like to trade forex. I was wondering do they have options on forex pairs. The way I trade I always use the option as my stop. Are there options on the Forex pairs? If so which ones and how liquid are they?
Of course there are options... The mkt is, generally very liquid for pretty much all pairs, but it's mostly OTC. What may be available to you (such as FX futures options) can vary, depending on your broker.
Have you looked at trading any of the CME currency futures and options? Sould be right up your alley if you are a futures trader using the same platform and tools.
Thanks for the advice. I spoke with a couple of brokers and they told me there weren't options on the forex pairs...or if there were they weren't liquid. Do you guys know of any brokers that offer forex options. I tried forex.com and they don't offer any.
saxobank.. not the best spreads for spot, but they offer pretty good fx options service and have award winning trading platform. try demo