Buffett on Timing His Trades Give the Ugly Looking Investments a Second Look

One-Touch Spot Options

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