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HOW TO TRADE OPTIONS


COOPERMAN

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Every day I see guys on CNBC talking about OPTION contracts and how they are a great way to make money.

I have been trading long enough to know where there is Reward there is also risk.

Can anyone point me in the right direction to get started trading options?  

Thank you

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14 minutes ago, COOPERMAN said:

Every day I see guys on CNBC talking about OPTION contracts and how they are a great way to make money.

I have been trading long enough to know where there is Reward there is also risk.

Can anyone point me in the right direction to get started trading options?  

Thank you

The main reason options are so popular in the US is because CFDs (spread bets) are banned by SEC, ESMA one step beyond.

https://www.ig.com/uk/options-trading

https://www.ig.com/uk/options-trading/how-to-trade-options

 

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With SB you get knocked out as soon as your stop is hit.  This forces you to keep coming back for more.  With an option, you can sit on it till the last minute if necessary.  Hence less repeat business, so not offered to UK pond life.

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17 hours ago, dmedin said:

With SB you get knocked out as soon as your stop is hit.  This forces you to keep coming back for more.  With an option, you can sit on it till the last minute if necessary.  Hence less repeat business, so not offered to UK pond life.

you can trade options with IG or other brokers

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