Options broker ,, PLEASE

This is a discussion on Options broker ,, PLEASE within the Futures & Options forums, part of the Markets category; Originally Posted by gezmond ib sound good, except if you have less than 2 yrs option trading experience you must ...

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Old Apr 5, 2017, 8:30pm   #9
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Originally Posted by gezmond View Post
ib sound good, except if you have less than 2 yrs option trading experience you must take an online test!
Wow, in my opinion, that is a fantastic idea!!

Did you have a look at the test?

I have continuously harped on about people trading options when they don't understand them enough - see this thread here
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Old Apr 5, 2017, 9:05pm   #10
 
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Wow, in my opinion, that is a fantastic idea!!

Did you have a look at the test?

I have continuously harped on about people trading options when they don't understand them enough - see this thread here

No, I chickened out and am in the process of opening accts with optionsxpress and saxo instead 🙈😳
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Old Apr 6, 2017, 1:45pm   #11
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No, I chickened out and am in the process of opening accts with optionsxpress and saxo instead 🙈😳
Fair enough. Did you consider though that not being able to pass a test like that might indicate that you might want to do a bit more study first to make sure you understand everything?

Good luck in any case
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Old Apr 6, 2017, 2:07pm   #12
 
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Fair enough. Did you consider though that not being able to pass a test like that might indicate that you might want to do a bit more study first to make sure you understand everything?

Good luck in any case
Thanks...its a fair point, I thought my lack of knowledge re exotic options might fail me!....I am only interested in trading cash secured puts and selling covered calls (if assigned) on safer blue chip companies as an income strategy...so the risk is the same (or arguably less) than just buying the underlying shares
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Old Apr 6, 2017, 2:39pm   #13
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Great stuff.

So did you know for example that selling covered calls has the same risk profile as selling naked puts?

Well it sounds like as if you are not going to do anything too exotic, so hopefully you should be all right - but don't say I didn't warn you
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Old May 4, 2017, 11:38am   #14
 
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Saxo Bank is great - free educational events and demo platform
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Old Jun 21, 2017, 1:30pm   #15
 
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Is anyone in the UK spread betting options except for on IG index? they are very limited.

Thanks

Simon
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Old Jun 24, 2017, 8:39am   #16
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Saxo Bank is great - free educational events and demo platform
The Saxo demo platform is nice, real account...... read the fine print
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