As the title suggests. I am a newbie trader and have recently found out the benefits of trading options. The hard part is that there are just too many things I see that I have to fill to execute a trade. Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading? Thanks in advance.
Read some books, understand the inner workings of options by digging deeper in the subject. Make sure you test trading options on demo accounts before risking your hard-earned funds. Moreover by making a few hundred option trades you will see how your positions react to different kinds of price movement & more importantly how to manuever yourself in and out of the positions. Financial derivatives products are complex things, don't expect to be easy to get a grasp of them.
Wont really be that easy because trading on demo and actual thing is different.You might able to gain confidence in demo yet youve been profitable but when
we do talk about real money then emotion do comes in and this what makes difficult.Just observe on trading options with demo, you are too confident
even if you lost such position and if you do end up on profitable then it would come to your mind on depositing big time because you've been successful
but this isnt always the case because real account will be entirely a different experience.