Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? - page 2.

wajik-tempe

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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 is easy, winning in trades is hard because it needs a lot of good technical analysis and some luck too. and at the end we have to master the risk management and money management to made profits when accumulate because it's imposibble for winning trades everytime.

TheUltraElite

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Quote from: chip1994 on January 23, 2020, 12:52:09 AM

Trading options carry a great risk but also bring a lot of profits in a short time. If you are a newcomer and have no knowledge of TA then it is best to learn first instead of participating in trading.

I would not suggest options to newbies, you know. Even if they do TA, I do not trust these options to be completely fair and it is almost always a loss for the trader.

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At Google and some forex forums there is a lot of experience sharing as well as material that you can learn from them. You will then use the demo account at reputable exchanges and test the strategies you have just learned. These are the safest and least risky steps for newbie. You can refer to Tradingview.com

Tradingview is for getting in dept charts. But if you do not know how to make conclusions and decide on buy/sell you will not be using them to their full potential. TA may be dont well on these charts so that is what someone should focus on before directly jumping into trading.

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There you can use many different indicators and also have VIP members sharing their daily comments for your reference.

What reasons do you have to accept the views of these "VIP" members to be legitimate? It is a gamble when you are predicting prices and they also have a 50-50 chance to predict properly. It is always good to not listen to comments from others on a speculative market.

jostorres

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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 is not usually a easy task so I am not really sure if you could find any easier way to start trading. The most easiest way of trading according to me would be copy-trading. You could find some professional traders which already have gained immense profits in the cryptocurrencies and you could simply start copying them.

Copying means you would actually make a purchase if the trader you are copying bought any coin. This build your portfolio similar to the trader you are copying and also you can manage the funds accordingly. Etoro is a better platform for copy-trading but you could even find a number of similar platforms which would allow you to copy their professional traders and find yourselves some profits without any hard-work. You definitely need to pay some fees over there though.

supercanada1

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Quote from: isaac_clarke22 on January 22, 2020, 11:07:00 AM

There's a lot of entry for newbies to learn trading, but seems like you didn't manage to get the ropes around the that method. I didn't even know that there is trading options in trading. I jumped into day trading back in the day and it wasn't a pleasant experience for me and I won't even advise you to start learning day trading.
Learn the risks first, and make sure whatever amount you're hodling is just okay with you even if you lose it.

Everyone has different experiences in their trading and depending on that the risk they face also differs. Day trading has given me very good and surprising benefits so I would highly recommend it to anyone. Why you did not find it good depends on the situation. Risk is the internal fear one have of losing. Think positive to have positive results that would make you more confident and your trading more beneficial.

maydna

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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.

chip1994

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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 options carry a great risk but also bring a lot of profits in a short time. If you are a newcomer and have no knowledge of TA then it is best to learn first instead of participating in trading. At Google and some forex forums there is a lot of experience sharing as well as material that you can learn from them. You will then use the demo account at reputable exchanges and test the strategies you have just learned. These are the safest and least risky steps for newbie. You can refer to Tradingview.com
There you can use many different indicators and also have VIP members sharing their daily comments for your reference.

milewilda

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Quote from: ChrisPop on January 22, 2020, 12:13:40 PM

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.

Read some books, understand the inner workings of options by digging deeper in the subject. Make sure you test trading options on demo accounts before risking your hard-earned funds. Moreover by making a few hundred option trades you will see how your positions react to different kinds of price movement & more importantly how to manuever yourself in and out of the positions. Financial derivatives products are complex things, don't expect to be easy to get a grasp of them.

Wont really be that easy because trading on demo and actual thing is different.You might able to gain confidence in demo yet youve been profitable but when
we do talk about real money then emotion do comes in and this what makes difficult.Just observe on trading options with demo, you are too confident
even if you lost such position and if you do end up on profitable then it would come to your mind on depositing big time because you've been successful
but this isnt always the case because real account will be entirely a different experience.

ChrisPop

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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.

Read some books, understand the inner workings of options by digging deeper in the subject. Make sure you test trading options on demo accounts before risking your hard-earned funds. Moreover by making a few hundred option trades you will see how your positions react to different kinds of price movement & more importantly how to manuever yourself in and out of the positions. Financial derivatives products are complex things, don't expect to be easy to get a grasp of them.

isaac_clarke22

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There's a lot of entry for newbies to learn trading, but seems like you didn't manage to get the ropes around the that method. I didn't even know that there is trading options in trading. I jumped into day trading back in the day and it wasn't a pleasant experience for me and I won't even advise you to start learning day trading.
Learn the risks first, and make sure whatever amount you're hodling is just okay with you even if you lose it.

Asmonist

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I guess its better to have a bid type of trading. You can set your bid to the amount you want or highest possible amount it can come up. Its all up to you whether to bid the very highest price or the nearest possible it can come up to make a profit immediately. As they say trading option is too risky. So basically, if you are overwhelmed with it then try to calm down a bit and collect your thoughts to gather a more significant decision.

Sadlife

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Options trading has huge risk its like gambling, once you've loss the position that you've bet on, you loss everything without having an option to stop loss. You can first do dummy trading there's a lot of sites that offers free dummy money to practice.
Doing actual trading especially with options without any trial and error or knowledge could cause you huge losses.

JessicaVL

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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.

Personally, as a newbie myself, I enjoy social trading. Social trading is a form of investing that allows investors to watch how more experienced traders are trading and follow their investment strategies using copy trading or mirror trading. Because I still lack confidence I find that social trading helps me build confidence while still developing my strategy and learning how profit while reducing my risk. The platform I am currently using is eToro.

KnightElite

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For those newbies who are not yet fully understand the trading, the first focus that they should do is identifying the risks. If you cannot take the risks, then you are not for trading and you will only vulnerable in losses. Trading is not easy money and we should aware of that, it is zero sum game where we just getting money from each other. It is a battle of minds and the one who strong and who smart are the ones who always winning.

My first suggestion is you should not yet make investment if you are fully beginner. It takes me months to master and understand the basics and that is why I fully prepared when I first invested in the market. But studying is a forever process, I always reading different tips and opinions from legit traders. Newbies should open their eyes and ears, what I mean is they should open in mew ideas that they can use in order to lessen the losses that they may experience.

Kevondo

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Quote from: AniviaBtc on January 20, 2020, 07:52:20 AM

Quote from: Quidat on December 09, 2019, 12:44:54 PM

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.

Complete newbie ? 0% knowledge even on basics? If yes then better to start up with Babypips.com, finish up the courses and im pretty sure it would help you out on your trading journey.

Dont consider options on your list yet this would be most likely to be a gamble rather than considered to be a trading.Better focus on manual trades, it might not be similar in options when it comes
to profitability but the risk is much lesser.

If that's the case, look for more information here in trading discussion and find some topics that will really help you. Also seek strategies and techniques to other people and after that try to follow and observe how it works. Trading options need a lot of time and effort to execute it completely without and problem or errors. If you trade on your own without the help of bot and other automated trading sites, it will improve your performance a lot.

It not a big tension in the present time. You have multiple options to learn and know about the trading. This is true people share useless posts and false speculations now a days so it is hard to believe what is reliable. Just ask someone what is the reliable source and then start following it. Some people are good at listening some at watching ad others at experiencing. You better know about yourself so adopt the method best suits you and improve your flaws.

AniviaBtc

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Quote from: Quidat on December 09, 2019, 12:44:54 PM

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.

Complete newbie ? 0% knowledge even on basics? If yes then better to start up with Babypips.com, finish up the courses and im pretty sure it would help you out on your trading journey.

Dont consider options on your list yet this would be most likely to be a gamble rather than considered to be a trading.Better focus on manual trades, it might not be similar in options when it comes
to profitability but the risk is much lesser.

If that's the case, look for more information here in trading discussion and find some topics that will really help you. Also seek strategies and techniques to other people and after that try to follow and observe how it works. Trading options need a lot of time and effort to execute it completely without and problem or errors. If you trade on your own without the help of bot and other automated trading sites, it will improve your performance a lot.

Findingnemo

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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.

Distinctin

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You can really find it hard at first but after reading some theories and videos at youtube, you will realize and understand the way it was.
Asking how it made it easier. There is no way that it works easy coz it is really a tough job and of high risk.

Only I could suggest is that, try to work in an actual scenario and ask helps to a certain person that could really teach you anything you want until you are ready to work alone.

huige007

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Quote from: Shimmiry on January 18, 2020, 10:07:12 AM

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.

There are no such thing as easy money. Trading was easy and learning it can be difficult. But what makes it much harder is how would you have your own ways to earn profit. Better have an immense patience to study reading the market and predictions first. That's the common misconception nowadays, that trading can easily give u money just buy low sell high. No, it requires more experience and evenneeds a huge amount of money first if a trader really wanted huge income. The higher the bid, the better.

For me Experience, patience, a good balance, active decision, required knowledge and passion all combine together in order for a good trade. Yes trading gives you money, if you implement your plan in a right way. Trading will become easier for you if you use the knowledge in the right way at right time. It is difficult for those who take quick actions without thinking just to gain money. You should also learn from others experiences.

Shimmiry

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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.

There are no such thing as easy money. Trading was easy and learning it can be difficult. But what makes it much harder is how would you have your own ways to earn profit. Better have an immense patience to study reading the market and predictions first. That's the common misconception nowadays, that trading can easily give u money just buy low sell high. No, it requires more experience and evenneeds a huge amount of money first if a trader really wanted huge income. The higher the bid, the better.

supercanada1

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Quote from: ladyfox on January 17, 2020, 08:19:31 AM

Quote from: vennali on January 01, 2020, 10:14:33 PM

OP maybe THIS will help you in your quest for learning about Trading Options. Meanwhile, you could also put in a small investment that you will use to practice trading Options on Trading platforms.

Thanks, this is indeed helpful. I have started going through the program and will watch the videos over the weekend.

As Practice makes a man perfect, you can start from a small business and can lead to higher one. The ups and downs in the small investment will give you experience and knowledge about how to deal with the situation. This will save you from bigger losses in the big investment. In the end you will surely get benefits from this crypto market.

Topic: Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? - page 2. (Read 1050 times)