10 Busted Myths of Options Trading

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Myth #8: You have to spend thousands of dollars to get a good options trading education.

In the past, it was true that you had to either be in the securities business to get a good options education, or you had to pay a professional a lot of money to learn about the options game. All that has changed, however, with the advent of the Internet and the various trading platforms offered via the options brokerages we spoke with.

According to Wade Cooperman, "The breadth of education and access to education has changed significantly, allowing people to understand more about tools like options ... There are just more opportunities for that today than there were 15 years ago."

Tom Sosnoff says, "It was firms like thinkorswim that brought about another level of investor education. Basically, we saw the market moving away from traditional investor education as being a function of technical analysis to investor education being a function of strategy."

The focus on investor strategy is the real difference between the new breed of options trading firms -- firms dedicated to helping you execute trades and understand the strategies behind why those trades work.

Spending thousands on options education? Myth busted.

Next: Trading options is a function of greed or a lack of control.