long straddles and brokers

Discussion in 'Forex' started by beginner266, Feb 14, 2018.

  1. so just getting started in trading so excuse the dumb questions(ive asked this on other forums without much luck)

    im interested in long straddles in forex due to no expiration like in options:

    if i go longterm on a forex trade is there any decay or death from a thousand papercuts charges?

    can i use leverage similar to options in forex?

    is it economical/smart to use two brokers, one to buy and another to sell at same strike price? how would this effect volitility charges for trade? wouldnt this help my relationship with my brokers instead of burning bridges?

    if i buy/sell $270 worth of AUD/JPY now in feb, and the yen spikes 50 pips in early april, what exactly does that do to my losing account?

    does leverage truly save me from losing more than $270? can i jus sell losing order at lower price or does my account get burned by broker?

    if theres no movement in AUS/JPY and i make a synced up buy/sell to close trade, the only thing i lose is commissions to broker, right?

    is this too good to be true?
     
    Last edited: Feb 14, 2018