Learn Options Trading – What is the Best Way to Learn Options Trading?

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If you want to trade options then you are going to have to learn options trading. I'm afraid there is no short cut.

Now I do not know how you found about options or why you want to trade, but I suspect that if you are like the millions of others like us out there, its because you are sick of your job and you want to earn some extra cash which hopefully one day might free you!

The good news is that options trading can free you from your job and let you do what you want when you want. By taking advantage of compound interest and average monthly returns of 5% to 7% then there is no reason that you can not make good monthly income.

The bad news is to make consistent profits from options trading you are going to have to know what you are doing. You are going to have to study options trading and how it works.

Now when I say this is "bad news" it really is not that bad. There are worse things which could happen to you! However learning how to trade options can be tricky …… and expensive as your mistakes will cost you money.

The first thing you should do is buy a beginners book on trading options. This will teach you the basics and the terminology used in the business. Now once you have finished reading your book, please be aware that you will not be able to retire rich. This is just the beginning.

The next thing you should do is avoid expensive seminaries that charge you thousands of dollars to attend. All these suspects really are, are big flashy sales pitches for their useless software that they want to sell to you for another few thousand dollars. Avoid !!

Lastly you should attempt to seek out someone who is already trading successfully and following them. Reading books is fine but sooner or later you are going to have trade for real! By learning from a mentor you will greatly accelerate your learning curve and help avoid costly mistakes.



Source by Jack G Berkley

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