Most people are familiar with investing in stocks and real estate however not many have ever traded options.
Most people mistakenly believe that options trading is risky which is not the case.
Trading options successfully involves trading methods that protect your money why allowing huge upsides.
Once you understand the basics to option trading and use the proper trading software the sky is the limit.
You will never need to work at a job again.
The following tips will allow you to make a living and create wealth.
1.
What is an option - An option is a contract that allows you to control 100 shares of a stock for a small amount of money many times between $300-$600 per contract which expires at a set time.
The closer the options contract gets to expiring the lower the premium cost since it has less chance to make money also known as in the money.
2.
Benefits - You can invest $300 and control 100 shares that go up in value $2,000 and cash out.
There is more to this but to stay with the basics that is how it many times works.
If the options expire you only lose your $300 with no potential to lose more.
3.
Discount Brokers Account - You can open a discount brokerage account and make options trades for $3/trade, $500 min.
Investment at sogotrade or $4.
95/trade, $0 Min.
at Tradeking.
Make sure you open a discount stock brokerage account not a full service account since the trades are much more.
In conclusion, making a living trading options is both possible and a profitable way to make money.