Read more
How you can make money from stocks, even without owning any
Intrigued by all the overnight millionaires created by the recent GameStop options trading frenzy?
Wondering if you can be part of the club, even if you have no idea what the hell 'options' are?
While it has always been used by financial professionals as part of their investment strategy, options trading has gained popularity with individual amateur traders in recent years.
Options require less initial outlay, offer more trading flexibility, and provide higher potential returns than stocks.
For small-time traders, it allows you to make bets on stocks you wouldn't otherwise be able to afford.
And it can pay off big time.
You can find plenty of stories about options traders doubling or tripling their capital in less than a week.
But not everyone who trades options makes money from it. In fact, a lot lose their entire savings because of greed, inexperience, or lack of knowledge.
You can avoid suffering the same fate by educating yourself before getting into the game.
With this beginner's guide to options trading, you'll find everything you need to get started with options trading right away.
In How to Trade Options, you will discover:
A straightforward introduction to options and options trading and how you can make money from it
A step-by-step guide to successfully making your first option trade
How to minimize your losses while putting yourself in a position to make a profit by following these basic trading rules
The 3 most important factors that affect prices, and why you need to know them
The simple solution to preventing emotion-based decisions that could wreck your trading strategy
Why trading options can actually help you manage risk and limit exposure in your portfolio
Useful options indicators, such as the Greeks, that can help you formulate a winning strategy
How to find great options opportunities with these quick-to-spot indicators
10 beginner-friendly trading strategies covering different investment goals and outlooks
Common trading mistakes that can wipe out your entire capital, and what you should do instead
And much more.
Options trading can seem intimidating and extremely risky, especially if you're new to it.
No one can perfectly predict everything, and the risk of loss is always there.
Even the most experienced traders suffer losses from time to time.
But by doing the necessary research, taking precautions, and setting up your parameters, you'll ensure that you won't go broke with options trading, and set yourself up for more gains.
This could be the break you've been waiting for. Take a chance and try your hand at it. You might be the next millionaire.
