10 Busted Myths of Options Trading
-
Myth #6: Option trades are difficult to execute and should only be handled by professionals.
The myth that options trades are difficult to execute is a byproduct of that bygone era when user-friendly options trading platforms didn't exist. The new generation online trading platforms are easy to use, intuitive and contain sophisticated guidance tools that make trades easy to execute and understand.
George Ruhana says, "I think our platform and our options chain is great. That's because number one, it refreshes, you're seeing data consistently updated. Two, it's easy to create spreads and stuff because it's just right click and do that."
All of our CEOs extolled the virtues of their online trading platforms, which all were specifically designed to make order execution as easy as a few intelligent clicks of a mouse.
Options trades difficult to execute? Myth busted!
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
Options Broker Center
MOST POPULAR
- What's Hot: DELL, DHI November 20, 2009
- Sidewinder: MCD, DKS, JPM November 20, 2009
- Options News: SII November 20, 2009
- Sidewinder: CY, ADSK, KG November 19, 2009
- Options for Dummies November 19, 2009
