Before you being your options trading journey, you are advised to do a few things. You would have to acquire as much knowledge as possible to make options trading a successful endeavour. This website contains all that you need for investing and trading success.
However, I urge you to go beyond what is spoken about in most forums and find out what your inclinations towards the subject is. Perhaps, you are an investor who wants cash flow but shuns the risk of a leveraged position. In such a case covered calls are for you. In other instances, there are others who like taking on risk and believe in long only positions that can reap huge rewards. Then the long call option strategy may be for you. In any case, there is something for every one here. From there, you can want to acquaint yourself with strategies suited to your personality. From here, we suggest that you take the next step which is to educate yourself about option strategies.
Be well versed with the option strategies that you intend to use. Ask yourself questions such as do you understand the strategy that you are executing? Do you have a target price to exit the trade?
If you are curious to find out more about how options as an instrument came about, you might want to find out more about the history of options being used. Before standardized contracts came into play, option contracts did were difficult to trade due to its non-standard contract features. You can learn more by reading : History Of Options Trading.
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