7 Reasons Why You Need To Trade
With A Broker Who Specializes in Options
-
Challenges with Traditional Online Brokerages
Because the typical investor usually only buys and sells on stocks, ETFs, mutual funds and bonds, traditional brokerage firms spend the vast majority of their time executing these simple transactions. What’s more, most brokerage firm representatives are only schooled in dealing with stock, ETF, mutual fund and bond transactions.
It’s just a fact that most brokerage firm registered representatives have only minimal training when it comes to options. The Series 7 license, which is a requirement for all brokerage firm registered representatives, requires those representatives to have some familiarity with options. However, familiarity with a subject and really knowing the ins and outs of the industry are two very different things.
MORE BROKER ADVICE
Is Your Money Safe From Broker Risk?
How protected is your money if your broker should fail? Find out what your rights are and how to avoid losing money. more
Learning Options Lingo: Contingent Orders
Control your options trades and make them happen exactly when you want them to happen. more
5 Tips for Moving Your Brokerage Account
If you're unhappy with your broker, don't let the paperwork scare you out of making a switch. Learn how easy it is to move your brokerage account. more
The Truth Behind Broker Commissions
Learn what commission rates you should be paying the most attention to, and get three steps to help you find the lowest broker commissions available. more
Brokerage Levels and Option Risk
Options expert looks at the risk associated with trading different option strategies -- covered calls, long calls/puts, spread trading and naked shorting -- against the four levels of brokers' approval. more
Option Approval Levels Explained
It is important to know what level of option approval your account has and what strategies you are allowed to employ at each option approval level. Here is a breakdown of Levels 1 through 4. more
Opening Your Options Trading Account
Learn how to open an options trading account and why you need a margin account. more
Is Your Brokerage Right for You?
To find out if you and your brokerage firm are a good fit, you need to ask yourself a few questions. Take our quiz to see. more
Paper Trading: Practice Makes Perfect
There's no substitute for experience when learning to trade options, and virtual trading can make the lessons painless. more
Options Broker Review: optionsXpress
Learn the pros and cons of this online options brokerage. more
