Trading Options is a bit overwhelming for me. Any Suggestions to make it easier?

MWesterweele

hero member

Activity: 1372

Merit: 564

Quote from: rexxarofmoknathal on March 03, 2020, 12:43:16 PM

Quote from: ladyfox on December 09, 2019, 02:28:42 AM

Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading?

By now what's great is that you realised there are way too many trade options out there and they all have their own perks and what not but if you know exactly what you want to do and which strategies you pally you can already start to eliminate a lot from the huge list of exchange platforms available out there. What I'd advise first of all is to understand how trading works and its operations in general.

Once you get a good understanding of that, you can then move on to do experiment that on some of the most well known exchanges, sone you might have probably heard a lot about is Binance, and if that doesn't suit you needs maybe try a platform that houses a lot of other different exchanges like bestchange. I have used this platform myself when transitioning between different altcoins and I had no problems.

Just experiment at your own will but do remember it may be risky and you might lose money, especially at the beginning.

For me its better to have enough knowledge before you start about in trading because it will easy for you to perform ot do it. And also you need to know more where uou can trade, and most of all you need to know to know the current situation of the market and know how to checked the situation because it will give you advantage to your trading.

rexxarofmoknathal

sr. member

Activity: 980

Merit: 260

Quote from: ladyfox on December 09, 2019, 02:28:42 AM

Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading?

By now what's great is that you realised there are way too many trade options out there and they all have their own perks and what not but if you know exactly what you want to do and which strategies you pally you can already start to eliminate a lot from the huge list of exchange platforms available out there. What I'd advise first of all is to understand how trading works and its operations in general.

Once you get a good understanding of that, you can then move on to do experiment that on some of the most well known exchanges, sone you might have probably heard a lot about is Binance, and if that doesn't suit you needs maybe try a platform that houses a lot of other different exchanges like bestchange. I have used this platform myself when transitioning between different altcoins and I had no problems.

Just experiment at your own will but do remember it may be risky and you might lose money, especially at the beginning.

okala

full member

Activity: 980

Merit: 114

You have to look at the option trading as gambling and in gambling it is difficult for you to continue making profits. Most time some technical indicators may work but the reality is that you cannot continue making money from option and you need to learn how to trade.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: ladyfox on March 01, 2020, 02:18:55 AM

Well, in that case. Good time to buy calls on BTC and ETH right now? May be long term since BTC is at 8.5k right now, I believe that one BTC bull run will easily take it over 9k.

I wont give financial advise. So treat my words with a pinch of salt. This is what I would do.

You can buy at this point but the trend is slightly bearish right now. We might see 7k USD or even less in the worst case scenario. With this market trend you would be better off dividing the capital into two parts of 2:1 ratio the 2/3rd of it should be given to buy at this price and the rest 1/3rd kept to buy in case it dips even lower. After that you would be out of cash unless you want to approach this in a different strategy.

Sell these lots at a specific stop/losses that you wish to be in when the bullish trend takes over.

ladyfox

full member

Activity: 155

Merit: 100

Quote from: TheUltraElite on February 02, 2020, 04:11:54 AM

Quote from: dimonstration on January 24, 2020, 10:30:01 AM

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

While I agree that learning how the market works is of utmost important, it is also important to time your entry and exit in the market.

Most traders jump in the fray when the excitement of the panic stages are going on buying high and selling low which is the mistake.

The time to buy is when panic occurs, but then the question comes would you buy something that is causing a panic sell? Answer is yes, if you have a solid belief that the asset is worth money - this is true for bitcoin and partially true for altcoins.

Same goes with stocks though they are more influenced by politics and have a very regulated market.

Well, in that case. Good time to buy calls on BTC and ETH right now? May be long term since BTC is at 8.5k right now, I believe that one BTC bull run will easily take it over 9k.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: dimonstration on January 24, 2020, 10:30:01 AM

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

While I agree that learning how the market works is of utmost important, it is also important to time your entry and exit in the market.

Most traders jump in the fray when the excitement of the panic stages are going on buying high and selling low which is the mistake.

The time to buy is when panic occurs, but then the question comes would you buy something that is causing a panic sell? Answer is yes, if you have a solid belief that the asset is worth money - this is true for bitcoin and partially true for altcoins.

Same goes with stocks though they are more influenced by politics and have a very regulated market.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: rijaljun on January 24, 2020, 11:33:37 AM

It seems a lot people replied here without understanding the option trading at first.

Option trading is a type of trading other than spot trading. It shouldn't be compared to crypto, stock or forex cause those three are investment instrument. Crypto support option trading, stock supports option trading, and forex supports option trading.

For me, option trading is one level below gambling in terms of risk. Therefore of you aren't really good at spot trading, you shouldn't do option trading.

The lack of understanding will lead to the misconception and the lasting consequences will be harmful. Binary options is good for hedging the time based price movements with opening the counter trade against the currency transfer made by the business owner. Someone needs to buy a $300k worth with selling EUR in June and the person is afraid of the huge difference at the mentioned date if they sign the agreement now. The person opens a time based binary options for 5 months and buys Euro with the leveraged funds on the both binary options and CFD platforms.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: TheGreatPython on January 25, 2020, 08:02:23 AM

snip~
Option trading never seems easy and the factor of risk is always higher in option trading but the amount of profits too would be high in such trading. You have to actually predict the future prices would actually go short of long and this would really need a high research and the ability to understand the graphs much closely.

Demo trading would teach us a lot of new things as we would practically experience trading over there. This would gain us some physical experience which would be a lot useful in our trading career ahead. Trading has been proven to give immense profits but only we are able to bear the loss.

AFAIK,most of these websites manipulate the results so you are going to lose more than earning from doing options trading and if it is a beginner then definitely not advisable.

Don't be too greedy when you just enters into the market.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: dunfida on January 24, 2020, 09:03:34 AM

Quote from: Findingnemo on January 24, 2020, 08:00:06 AM

Quote from: vintages on January 24, 2020, 04:52:18 AM

Quote from: Findingnemo on January 19, 2020, 06:36:53 AM

Logic of trading is simple,you have to buy something and sell it for profits when you see the profit.Cryptos are too volatile so your asset value can increase or decrease every minute which is good for someone to make profit but all they have to do is keep their profit margin as low as possible or make their trading time more longer.

As he is a beginner, it might sound more simple than to actually practice it. That's the one thing about trading is that it's easier to say it than to make an actual profit from it.
I think his perfect shot is to demo trade for sometimes before actually trading the real coins.

OP, there are so many shitcoins in the market that you can use for that. Trade with them first before jumping into trading with reputable coins.

Demo trade is a good idea for someone to get knowledge about how trading works but choosing shit coins is not really a good idea since it can be easily bumped and dumped so OP as a beginner he may lose his money even if he follows good strategies due to manipulation.

Im with this! Dont know why would someone do practice out with shitcoins but as you read up he do talk about demo trade where you can choose up
established or top coins for you to practice trade and there are platforms that do offer some demos which is great for some start up before you do
consider on going to real trade.Options trading is like deciding if price would go short or long,which means analysis is still needed.

Option trading never seems easy and the factor of risk is always higher in option trading but the amount of profits too would be high in such trading. You have to actually predict the future prices would actually go short of long and this would really need a high research and the ability to understand the graphs much closely.

Demo trading would teach us a lot of new things as we would practically experience trading over there. This would gain us some physical experience which would be a lot useful in our trading career ahead. Trading has been proven to give immense profits but only we are able to bear the loss.

Paycoinzzz

hero member

Activity: 994

Merit: 503

Quote from: ladyfox on December 09, 2019, 02:28:42 AM

As the title suggests. I am a newbie trader and have recently found out the benefits of trading options. The hard part is that there are just too many things I see that I have to fill to execute a trade. Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading? Thanks in advance.

You can trade the option at Etoro, it has a lot of advertising on youtube and google. I think this is a very reputable platform and you should learn about trading options more closely. because in any trade field there are difficulties of it, below I find a pretty good article about trading options. You can consult :
https://www.investopedia.com/options-basics-tutorial-4583012

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Ridwan Fauzi on January 24, 2020, 11:24:01 AM

Quote from: dimonstration on January 24, 2020, 10:30:01 AM

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

Have you know about trading option? I think it is like olymp trade and etc, right? If OP's mean trading option like that then I think that's not about purely trading but these platform are purely like gambling place.

You will get profit only guessed the next candle, I mean if you guess that the next candle is red then you will get profit and it's otherwise. I know these platform last year and I've tried to deposit several times and yeah I never got any profit.

Option trading is not about guessing the next candle is call or put ie that is a pure gamble it requires some fundamental and technical knowledge to have an edge over the market or to make profit consistently a lot of people think binary options is a pure gambling scheme thus trade without the underlying knowledge of it, your not making profit has to do with not studying all the technicalities of candlestick patterns and price action needed to trade profitably.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: maydna on January 23, 2020, 01:06:29 AM

Here is my suggestion. When you feel you are difficult to learn trading options for some time, and you cannot get a profit from trading, it is better not to continue trading. You can try with the other type of trading, for example, you can try with crypto trading, which will be easier than the trading option. Crypto trading is not too complicated than the trading option, so I think you can learn the lesson of the crypto trading, and you can try to make a profit too. But both trading options and crypto trading need the experience to get the profit, but in crypto trading, you hold it for a long time, and not doing trading every day.

Technical Analysis is always an important factor to study no matter how advanced you get or which trading strategies you use upon. Understanding the trends in the market graphs are made easy with the TA and also it might give you a brief description about the coin you are investing into.

There also are some news platforms which do share daily news about the markets movements which makes it easy for our Technical analysis and also it does give you a lot of general information about the coin you are investing into. Learning new strategies and patterns is an interesting thing for me. I spend most of my time in learning newer strategies which makes me better at trading each time so I would suggest the same to you too.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: dimonstration on January 24, 2020, 10:30:01 AM

Quote from: maydna on January 23, 2020, 01:06:29 AM

Here is my suggestion. When you feel you are difficult to learn trading options for some time, and you cannot get a profit from trading, it is better not to continue trading. You can try with the other type of trading, for example, you can try with crypto trading, which will be easier than the trading option. Crypto trading is not too complicated than the trading option, so I think you can learn the lesson of the crypto trading, and you can try to make a profit too. But both trading options and crypto trading need the experience to get the profit, but in crypto trading, you hold it for a long time, and not doing trading every day.

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

That is right. With learning the market and learn about trading, we will have time to improve our skills so we can do better in trading, and we will also have a chance to make a profit. We need to spend some time learning every lesson that we can find from many sources, and that is not easy because we need to have an effort to learn to trade. Once we can improve our skills, we can be able to find the profitable coins that will give us a chance to make a profit because with the market situations, and we need to search deeper to get the right coins to trade.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: ladyfox on December 09, 2019, 02:28:42 AM

As the title suggests. I am a newbie trader and have recently found out the benefits of trading options. The hard part is that there are just too many things I see that I have to fill to execute a trade. Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading? Thanks in advance.

Trading isn't too hard and difficult to learn, it only needs time to develop our mind and build our own strategy. For somewhat like we think also that we need to be confident enough of what we've learned from our mentors or on the internet but instead, we have to keep searching and don't ever stop learning. The experience will help a lot and basically, this one thing to acquire before we could find ourselves if we are comfortable with what we are doing. If we think that is doesn't fit us, it is better not to push ourselves to trading cause this will never help either.

rijaljun

sr. member

Activity: 1274

Merit: 267

It seems a lot people replied here without understanding the option trading at first.

Option trading is a type of trading other than spot trading. It shouldn't be compared to crypto, stock or forex cause those three are investment instrument. Crypto support option trading, stock supports option trading, and forex supports option trading.

For me, option trading is one level below gambling in terms of risk. Therefore of you aren't really good at spot trading, you shouldn't do option trading.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: dimonstration on January 24, 2020, 10:30:01 AM

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

Have you know about trading option? I think it is like olymp trade and etc, right? If OP's mean trading option like that then I think that's not about purely trading but these platform are purely like gambling place.

You will get profit only guessed the next candle, I mean if you guess that the next candle is red then you will get profit and it's otherwise. I know these platform last year and I've tried to deposit several times and yeah I never got any profit.

dimonstration

hero member

Activity: 2744

Merit: 702

Dimon69

Quote from: maydna on January 23, 2020, 01:06:29 AM

Here is my suggestion. When you feel you are difficult to learn trading options for some time, and you cannot get a profit from trading, it is better not to continue trading. You can try with the other type of trading, for example, you can try with crypto trading, which will be easier than the trading option. Crypto trading is not too complicated than the trading option, so I think you can learn the lesson of the crypto trading, and you can try to make a profit too. But both trading options and crypto trading need the experience to get the profit, but in crypto trading, you hold it for a long time, and not doing trading every day.

No matter what platform it is, crypto, forex or stocks what we really need is to know the basics of trading to read charts and patterns as well to understand whether to know the market. Learning the market and how trade is what matters most.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Findingnemo on January 24, 2020, 08:00:06 AM

Quote from: vintages on January 24, 2020, 04:52:18 AM

Quote from: Findingnemo on January 19, 2020, 06:36:53 AM

Logic of trading is simple,you have to buy something and sell it for profits when you see the profit.Cryptos are too volatile so your asset value can increase or decrease every minute which is good for someone to make profit but all they have to do is keep their profit margin as low as possible or make their trading time more longer.

As he is a beginner, it might sound more simple than to actually practice it. That's the one thing about trading is that it's easier to say it than to make an actual profit from it.
I think his perfect shot is to demo trade for sometimes before actually trading the real coins.

OP, there are so many shitcoins in the market that you can use for that. Trade with them first before jumping into trading with reputable coins.

Demo trade is a good idea for someone to get knowledge about how trading works but choosing shit coins is not really a good idea since it can be easily bumped and dumped so OP as a beginner he may lose his money even if he follows good strategies due to manipulation.

Im with this! Dont know why would someone do practice out with shitcoins but as you read up he do talk about demo trade where you can choose up
established or top coins for you to practice trade and there are platforms that do offer some demos which is great for some start up before you do
consider on going to real trade.Options trading is like deciding if price would go short or long,which means analysis is still needed.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: vintages on January 24, 2020, 04:52:18 AM

Quote from: Findingnemo on January 19, 2020, 06:36:53 AM

Logic of trading is simple,you have to buy something and sell it for profits when you see the profit.Cryptos are too volatile so your asset value can increase or decrease every minute which is good for someone to make profit but all they have to do is keep their profit margin as low as possible or make their trading time more longer.

As he is a beginner, it might sound more simple than to actually practice it. That's the one thing about trading is that it's easier to say it than to make an actual profit from it.
I think his perfect shot is to demo trade for sometimes before actually trading the real coins.

OP, there are so many shitcoins in the market that you can use for that. Trade with them first before jumping into trading with reputable coins.

Demo trade is a good idea for someone to get knowledge about how trading works but choosing shit coins is not really a good idea since it can be easily bumped and dumped so OP as a beginner he may lose his money even if he follows good strategies due to manipulation.

vintages

full member

Activity: 966

Merit: 153

Quote from: Findingnemo on January 19, 2020, 06:36:53 AM

Logic of trading is simple,you have to buy something and sell it for profits when you see the profit.Cryptos are too volatile so your asset value can increase or decrease every minute which is good for someone to make profit but all they have to do is keep their profit margin as low as possible or make their trading time more longer.

As he is a beginner, it might sound more simple than to actually practice it. That's the one thing about trading is that it's easier to say it than to make an actual profit from it.
I think his perfect shot is to demo trade for sometimes before actually trading the real coins.

OP, there are so many shitcoins in the market that you can use for that. Trade with them first before jumping into trading with reputable coins.

Topic: Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? (Read 1050 times)