JPYUSA

JPYUSD Weekly Chart

My first trade in currency! Uptrend broken. Rising flag also broken. Long on PUT.

Info

Googling for information on the World Currency Options, I get the following:

1. World Currency Options Alert: Talk about the benefit of trading this new instrument and their service in helping you to win.
2. World Currency Watch: A blog for trading currencies.

That's all I found.

Trading in Currency?

I was reading this article today. It mentioned about Phlx World Currency Options. I didn't know about this! Cool, now I can trade in currencies because the amount needed is really small. All this while currency trading is out of my reach because of the required margin. So, I can now diversify my trading into equities and currencies.

But first, I need to study the charts for the available 6 pairs of options. Got to see whether my indicators still work for currency.