For would-be stock market traders, the idea of making a living in in the stock market is intriguing. Imagine: rolling out of bed, grabbing your slippers, a cup of coffee, turning on your laptop, glancing at a couple charts, clicking on "buy," and raking in the money. Or don't even get out of bed!
What is often not completely understood, however, is that trading is not easy. The simple advice of "buy low, sell high" is difficult to follow. Further, moving into the world of options adds another level of complexity and is quite daunting.
So, if I just described you, and you want to enhance your understanding of options, take the time to learn the facts presented in Understanding Options, a new ebook by John F. Carter. John is the founder of SimplerOptions.com and author of the book "Mastering the Trade." John trades full-time and loves teaching options trading.
Excerpt:
For those coming from a stock background, the most simplistic form of understanding these methods would be to buy low and sell high. In theory, this idea breaks it down so even the newest members can understand it, but that doesn’t mean it is always so simple.
With options, there are many working parts which make the machine, as a whole, more difficult to understand [than simple stock trading] and even harder to master.
That said, trading still invites newcomers to compete along-side lifelong professionals. Unlike in sports, for example, option traders simply need to sign up with a brokerage firm and apply for option trading privileges. In contrast, one can not sign up for the Masters after learning a basic golf swing, nor can one compete as a professional racecar driver after simply learning how to operate a manual transmission.
If you feel like you’ve just set foot inside the Endeavour spaceship, where hundreds of lights, buttons, and screens blink and beep in your direction, a sense of overwhelming tension can creep up, causing a clear disadvantage in the market.
To download the full ebook, Understanding Options, FREE, click on this link.
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