One-Touch Spot Options
by InvestorGuide Staff
For investors new to SPOT options or investors who are unsure of just what kind of scenarios to predict with forex options trading, there is a One-Touch Spot option that will payout if the exchange rate simply reaches a certain level before the expiration date. These will have a limited payout that is determined both by the duration of the option and the difference between the One-Touch amount and current exchange rate at the time investor purchases the option.
Source: http://www.investorguide.com/igu-article-978-forex-basics-investing-in-forex-options.html