Hi all
I haven't read all the postings on this thread, but just a few quick pointers on options
- About 8 to 10 years ago, when I got into option trading, the Sydney Stock Exchange (which the options market is/was a part of) ran free courses on option trading. I found it an invaluable course back then. Check out your nearest stock exchange - they'e probably got such a thing.
- You are basically betting on price volitility
- Yoy NEVER actually own any shares. You are simply buying a right to buy or sell a parcel of shares at a designated time, usually in 3 mth increments.
- Your downside is actually minimal - all you can lose is your premium, unlike say the futures market, where your down side is unlimited.
- Don't let anyone convince you it's some form of new, wiz bang, magic money making device. Options trading on shares has been around for decades. Like all things, you pays your money, you take your chances !
FINALLY - do make sure you contact your nearest stock exchange. Even if they don't do free cousres, they would have tons of free literature, and there's nothing like getting it srtaight from the horses mouth, so to speak !
Cheers
JamesP
I haven't read all the postings on this thread, but just a few quick pointers on options
- About 8 to 10 years ago, when I got into option trading, the Sydney Stock Exchange (which the options market is/was a part of) ran free courses on option trading. I found it an invaluable course back then. Check out your nearest stock exchange - they'e probably got such a thing.
- You are basically betting on price volitility
- Yoy NEVER actually own any shares. You are simply buying a right to buy or sell a parcel of shares at a designated time, usually in 3 mth increments.
- Your downside is actually minimal - all you can lose is your premium, unlike say the futures market, where your down side is unlimited.
- Don't let anyone convince you it's some form of new, wiz bang, magic money making device. Options trading on shares has been around for decades. Like all things, you pays your money, you take your chances !
FINALLY - do make sure you contact your nearest stock exchange. Even if they don't do free cousres, they would have tons of free literature, and there's nothing like getting it srtaight from the horses mouth, so to speak !
Cheers
JamesP