Where can I learn to trade options? - Seedly
 

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Asked by Anonymous

Asked on 30 Nov 2019

Where can I learn to trade options?

What are some basic courses/ skillsets that I can pickup when looking to trade options

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Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 09 Dec 2019

You can learn it online at your own time. There is this website optionalpha.

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I took up a course to learn. It did cost money, and I also fully agree that you can probably find the information you need for free.

For me, it was a matter of wanting to shorten my learning curve.

There are many option courses in Singapore, so you may want to pick up free information first before deciding if you'll be able to benefit from a course; some might be able to piece together all the information just from what they read online alone.

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Bjorn Ng
Bjorn Ng
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Answered on 09 Dec 2019

Youtube!! It's very insightful. But note: It's quite confusing, to be honest I had my friend to taught me a few times before I understood what it meant. As a start, you can read what is the difference between Buying/Selling both a Call or Put option. Also, if you have a paper trading account with TDAmeritrade or Interactive Brokers, you can also use that as practise just to get the hang of it. And also! Do take note and familiarize yourself with the risks of options investing as well :)

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Bibiana
Bibiana
Level 7. Grand Master
Answered on 09 Dec 2019

I paid a mentor to learn from him (because options are REALLY complicated as compared to stocks). But once you understand it well, it's such an amazing tool to leverage on when combined with fundamental studies.

If you want free videos, you can go on optionalpha.com.

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Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 30 Nov 2019

Maybe you can try this guy: https://www.tradingwithrayner.com. I learnt quite aplenty there and the content are free!

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Billy Ko
Billy Ko
Top Contributor

Top Contributor (Jan)

Level 7. Grand Master
Answered on 19 Jan 2020

I'm trying to understand options through books and youtube as well! Depends if you're more of a visual or auditory or hands-on individual but I would think the ultimate mix would be youtube videos followed by practicing it on virtual accounts

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pat
pat
Level 7. Grand Master
Answered on 19 Jan 2020

There are online courses/forum that speciliaze in option trading. You can go to the library and read on option trading as it is more complex than stock trading. Know what you are doing before you put in your first option order.

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Choon Yuan Chan
Choon Yuan Chan
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Answered on 09 Dec 2019

Take a course to learn, or you can self read by borrowing books at NLB. NLB especially bugis almost have a few shelves worth of trading books and teaching of options

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Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 02 Dec 2019

I've personally paid for options training with a mentor. This allowed me to shortcut the learning process and learn from mistakes. Not to mention there's access to much lower commission rates with the broker. You can search for trainers here. Find one where you feel it can match what you want to achieve. Look at the trainers records, length of time spent teaching others so far, the size of the community built and the records of the members in the community. Try to avoid those trainers who are very ra-ra as based on personal experience they are more fluff than anything else. And if you find one that promises you fast profits in a very short time, avoid.

If you want to go at it without anyone guiding you, I'll suggest practicing via a lot of paper trades to ensure profitability before going live. Options can blow up your account and more if you are not careful.

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Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 30 Nov 2019

It really depends on your passion/conviction. How much time and money u want to spend.

If u just want to know the gist of it, Google, books, youtubes u can find sufficient.

If u want to learn deeper, practical tips, avoid many pitfalls, you will have pay for it. Of course paid sources have its worthwhiles and worthless. Personal coaching will be best if u can find one.

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YouTube, books, Google. You can also learn from simulation. =)

Here is everything about me and what I do best.

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