Options

Hello My name is Tauf and I am new here.

I am interested in learning Options and making some good friends.

Thanks

Tauf

Tauf said:

Hello My name is Tauf and I am new here.

I am interested in learning Options and making some good friends.

Thanks

Tauf

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friends for sure.... options I am not sure lol

what kind of options ? or is it just pricing?

Ok friend... as for the Options... I know there are Calls and there are Puts... but honestly never done any trading and do not the first step of either buying or selling.

Teach me...

Thanks

Tauf

Tauf said:

Ok friend... as for the Options... I know there are Calls and there are Puts... but honestly never done any trading and do not the first step of either buying or selling.

Teach me...

Thanks

Tauf

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PLEASE:

Before trading options, just trade single instruments (forex, futures, equities, indices, etc.) ... learn to buy (go long) and sell (go short)
Learn about limit orders, stop orders, take profits and stop losses
you can Google all of the above

You should steer clear of options if you know nothing about the markets. The can be very expensive ways to trade the market if you don't know what you are doing.

Hoggums said:

You should steer clear of options if you know nothing about the markets. The can be very expensive ways to trade the market if you don't know what you are doing.

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options can be very very expensive when they go wrong: you have a lot of known unknowns

Tauf said:

I know there are Calls and there are Puts... but honestly never done any trading

Click to expand...

So far so good! Do not, under any circumstances attempt the latter...yet.

Would you play poker fro money with me if you did not know the rules?

There are loads of books and free websites explaining options in great detail. Tradingmarkets.com is as good as any, although I have not thoroughly read it yet.

Read thoroughly.
Firstly learn as much as possible about buying and selling (writing) CALLS & PUTS. And UNDERSTAND!
Learn & understand what the Greeks are.
Look at option valuing.
I don't like paper trading usually but with options I feel it is a good idea, not necessarily about winning or losing, but just a feel for how derivatives behave against the underlying asset.
Remember however fancy your trade the thing you always have to get right is the direction of the asset or the underlying asset!!