There are hundreds of new options traders entering the market every day, and unfortunately, most of these hopeful new traders have no chance of finding a profitable options trading system. And the sad thing is that more than half of them throw up their hands and quit within a few months, and never trade options again.
But there are two steps that can help you take the risk out of options trading, and turn it into a very profitable business you can run from anywhere in the world.
New trading systems, robots and tools are launched onto the market every week, always promising traders who’ve been burned by ‘the latest thing’ in the past that this time it’s different. The problem is there’s rarely anything new, and that’s an important point. Once you understand the fundamentals of an options trading system, there’s not that much more you need to know.
The thing is, you can’t just blindly dive into the options market, which is dominated by professional traders who live and breath this stuff, and expect to make any real money. Without a good understanding of how options work, how they are priced, and how to execute trades in all market conditions, you’re probably going to get your account wiped out. That’s why before you even think about trading options as a business, follow this simple two process. It could make all the difference in your results.
Learn The Rules Before You Play The Game
Before you play any game, especially one that has such high stakes, you’ve gotta know the rules. That’s why you should learn the basics of trading options, both on the buying side and the selling side. You could go looking for a free options trading system, but really you’re better off to invest a few bucks and buy something from a good trader who also knows how to teach you.
I remember a good friend and mentor once said to me, “If you think education is expensive, you should try ignorance.” While this might make you smile, it’s so true when it comes to trading options. If you don’t have a good understanding of what’s involved, you’ve got no chance of succeeding.
Register For An Options Alerts Service
The next step is to find an options trading alert service that’s run by a trader who has plenty of experience, and who has a track record of profitable results. These services will send alerts you by text message and/or email when a new trade is signaled, so you can trade the market from anywhere, even on your mobile phone or tablet while you’re sitting at a coffee shop having lunch.
That’s what makes having an options trading system that really works so great. You’re not tied to a desk, you have no boss, and once you’re profitable, life is good.
And since you’ll already have a good understanding of how the trade options after going through your training program, you’ll be able to easily take each trade recommendation because you’ll understand the reasons behind it.
By learning the basics of options trading and investing, an options trading system that hands you trade alerts you can simply execute and profit from is a no-brainer. You’ll save a LOT of time and money compared to the results you’ll probably get if you try to learn how to trade options on your own.