New to currency, trying it as it requires low margin and can try new options strategy without being scared of losing big money haha. My main question was should I refer to the spot chart for building a view on the currency and wait for an opportunity to show up in the spot chart or should I only study the futures chart from Zerodha. I have been studying the spot chart from tradingview and building my view and waiting for opportunities based on them but idk if this is the right approach. So if any of yall who trade currency regularly could help it would be great.
Eventually any option is settled based on spot price. But, futures price gives us a good indication of what’s happening on the option pricing front.
In currency - Big traders and institutions lock in their forward contracts based on futures value while for speculators, it helps in understanding the options pricing as mentioned above.
Eventually, contracts are settled based on RBI reference spot rate
So, track both is what I would advise I’ve traded currency for more than 4 years
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