TOP 10 TRAITS OF SUCCESSFUL OPTION TRADERS
They Are Committed – Options trading takes a great deal of commitment. Any time you have your hard earned money at risk, you should be trying to get the most out of your investment strategies and controlling your risk. You need to be on top of your game all the time. Any time you stop paying attention to the market, you will get burned. Not only do you need to keep an eye on your trading performance, you need to be staying abreast of the current news, market cycles and investment outlook. Some of the great resources I use, that allow me to keep up to date on the markets and take up the least amount of my time include:
The latest kid on the block that claims to make trading forex and binary options a simple task is called FXMasterBot. The software has brought a great deal of advanced functions to the market including the ability to trade both types of options at the same time.
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This course teaches you how to accurately and confidently read a leading indicator, empowering you to get into the market before the amateurs.
Like many brokers and software, Option Robot is not legally allowed to accept clients from the United States. This is because they are not registered and licensed by the Commodities Futures Trading Commission (CFTC), as this is no walk in the park it is pretty understandable.
From the looks of the two equity-only put-call ratio charts, in Figures 2 and 3, you can see that finally the ratios have...
Since options are decaying assets (see time decay of options ), the holding period takes significance for options trading. A stock trader has the liberty to hold the position indefinitely or even convert the short term margin leveraged position into a cash based holding. But an option trader is constrained by the limited duration due to the option expiry date where there is no choice to hold an option position indefinitely. It hence becomes important to select the correct trading strategies taking into consideration the timing factor.
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The FinTech Ltd. software has been developed by Mr. Daniel Roberts and his team of programming and trading professionals. It was released to the general public in the second half of 2016 and quickly gained popularity and a very good reputation among Forex traders all over the world. It is a sophisticated piece of software, running on complex trading algorithms and analyses functions. They give it a significant accuracy and speed of execution, that has attracted online investors from different background and different skill levels.
If you have not already done so please sign up for their free 5 day video course which offers some great insights into how the market really works.
I personally use six different brokers for trading and recommend all serious traders to open a few accounts to different brokers in order to have a good variety of assets.
OpenBook’s CopyTrader enables you to take the idea of shared trading information even further, by setting your account to automatically copy other traders. What this means is that a novice trader can literally trade like a pro within a matter of seconds by simply copying one of eToro’s guru traders. With the help of eToro CopyTrader you can effectively compile a people-based trading portfolio, rather than a financial instrument portfolio, and manage the traders you copy according to their results. The guru traders on the other hand, can get an extra income by accumulating a large following of copiers and getting some kickback from their trading activity.