Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? - page 4.

Baofeng

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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.

If you are overwhelm but it then you need to step back a bit and learn to trade slowly. I really don't understand why newbies really rush into the market without having a grasp on how everything works and then complain when they don't make money. So my advise, equip your self with knowledge, go around the forum and read and learn. Trading is a lonely job, I mean no one will teach you everything and spoon feed you, you have to get your hands dirty here to learn the tricks.

BitHodler

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Quote from: Omega Weapon on December 20, 2019, 08:33:16 PM

Most newbies want to run before they learn how to walk, it is understandable to be excited about this market and the possibilities that you have to make a huge amount of money but before dealing with a complex subject it is better to learn the basics first, get the necessary experience, read a lot about the subject and after several months you will be ready to trade the markets as a professional, but obviously almost no one wants to do this and take the long path to success.

In an ideal world that's how it should be, but we have enough multi-year evidence that people don't want to spend time getting the hang of trading in general. It's also like that within the stock and forex market.

It's such a shame because all they do is lose money instead of making it, and there are enough people ending up completely broke, especially when they mix in high leverage without knowing anything about the risk involved.

nicolas1979

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You need to learn what is trading options and function before use it, join some trading group or see the knowledge at you tube channel. In hard way use demo account and try practice, soon or later you'll know how it works. Easy is came from experience, I agree with this one. Start with practice and next level use small amount from your fund as tester. You'll find many thing that you can't imagine, maybe bad maybe worst. As long you can focus and disciplines, easy is easy.

Omega Weapon

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Quote from: Wexnident on December 16, 2019, 11:12:31 PM

Well since you're a newbie, avoid trading options right now. It may seem enticing and would look like it could return a lot of profit, but as a beginner trader, your job is to first familiarize yourself with the world of trading, specifically the usual actions done in it. Trading Options is more of an advanced lesson, and being at least an intermediate level at trading is a prerequisite. After 9-12 months of trading, come back. If trading options still seem overwhelming, you can then start studying for it but at that point, I doubt it would seem as such. You've already experienced quite a lot in trading after all.

Most newbies want to run before they learn how to walk, it is understandable to be excited about this market and the possibilities that you have to make a huge amount of money but before dealing with a complex subject it is better to learn the basics first, get the necessary experience, read a lot about the subject and after several months you will be ready to trade the markets as a professional, but obviously almost no one wants to do this and take the long path to success.

Wexnident

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Well since you're a newbie, avoid trading options right now. It may seem enticing and would look like it could return a lot of profit, but as a beginner trader, your job is to first familiarize yourself with the world of trading, specifically the usual actions done in it. Trading Options is more of an advanced lesson, and being at least an intermediate level at trading is a prerequisite. After 9-12 months of trading, come back. If trading options still seem overwhelming, you can then start studying for it but at that point, I doubt it would seem as such. You've already experienced quite a lot in trading after all.

zeze18

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Quote from: MURONDI on December 09, 2019, 11:24:49 PM

I myself am not too fond of trading options, I am more comfortable using manual trading, You should first learn the types of trading, Are you really sure you want to use trading options, if you want to learn my advice learn with video tutorials because it's easier to understand.

Trading options is not an option for newbie traders, it's harder to handle the chart and the profits would not easy to get. As a newbie we should try normal trading on exchanges with low capital first, and read people chart analysis from tradingview and do trading by ourself to get experienced

Omega Weapon

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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.

One huge red flag that tells you that you are doing something wrong is when you try to do something and you do not understand a thing about it, go back to the drawing board, the markets are not going to leave, they are going to be there for you to trade when you are finally ready since there is no point to rush your entry to the markets, and if you do you are going to regret it, remember you have all the time in the world to master trading but your capital is limited so you must protect it no matter what.

watergold

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As a beginner, do not choose trading options, it is very risky in my opinion unless you want to try new things and take the risk, and I think manual trading is more used for beginners like I have used it for a long time even though I have used it for a long time.
I'm sure other people will provide trading options for you because I can't trade options yet.

gabbie2010

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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 I am into binary options trading so far it has been a mixed results partly due to high volatility of some trading currencies while choosing the accurate expirary time is another challenge and not having enough knowledge of price actions, my kind advice is to ensured that you practice well enough with demo before investing your hard earned into option due to the risk involved in trading it.

BitcoinHunt3r

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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 option, i think if i newbie trader i will avoid it too like what man above said. Because it is better to do trading like usual, when we lose we still can hold and do something or at least minimize our losses. In trading option, if you wrong to guess, you can lose your bet.

avatar_kiyoshi

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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.

I would avoid platforms like trading options, I think it's a gambling game that uses a trading platform interface, although some people say it's not the same as gambling.
Also most trade options websites do not have legal licenses.

Well, it's better to trade on an exchange that has a credible and legal license. You can find some technical analysis that you can learn, also try trading courses, trading is not enough just with theory, practice is the most important.

Assface16678

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Quote from: MURONDI on December 09, 2019, 11:24:49 PM

I myself am not too fond of trading options, I am more comfortable using manual trading, You should first learn the types of trading, Are you really sure you want to use trading options, if you want to learn my advice learn with video tutorials because it's easier to understand.

Being new in trading, you must get some information, today you can get a lot of sources that give you a lot of ideas what is trading, but first, you must what is trading this is an exchange of coins from different currency. You can get more reliable suggestions and options in trading if you consult a real trader because those data are reliable; those experiences can be used as an advantage to the other trader because still, they didn't experience how does trading work.

One of the common and basic knowledge the trader must know is what is the coin that most suitable for trading because it gives you a lot of profit than the other currency. Next is you must know how to read a graph because it provides a lot of ideas when it is the right time to trade.

Ashong Salonga

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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.

It's easy to find such guides regarding trading options or binary options which functions the same as gambling making it too risky for a trader or beginners. If you need platforms that make you easier for trading, check centralized and decentralized exchanges in coinmarketcap wherein they offer a typical trading services with some of them has a feature of margin trading.

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.

Option trading is much more risky than a casual cryptocurrency trading from centralized or decentralized exchanges. So as a newbie it's much better to just trade cryptocurrency on exchanges rather than doing option trading. There are many books that teach us the basic of the trading methods but even though experience is always the best teacher

MURONDI

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I myself am not too fond of trading options, I am more comfortable using manual trading, You should first learn the types of trading, Are you really sure you want to use trading options, if you want to learn my advice learn with video tutorials because it's easier to understand.

Quidat

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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.

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.

panganib999

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Experience is your best bet. If you don't want to use live trading, try out virtual trading. Pretty close to what trading does live but there are a lot more uncertainties in live trading compared to virtual trading. If you still don't understand things, stand by the forum and read some of the ol long posts about beginner guides up to the 2nd page at max. It should entail a lot of info you could use.
Like this one https://bitcointalksearch.org/topic/im-a-beginner-i-want-to-start-trading-what-should-i-do-1865678

ladyfox

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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.

Topic: Trading Options is a bit overwhelming for me. Any Suggestions to make it easier? - page 4. (Read 1050 times)