Practice makes perfect: Overcoming the Options Learning Curve

Some people trade Options to generate extra income, others to hedge their risk or simply because they enjoy it and are interested in the markets.
Some people trade Options to generate extra income, others to hedge their risk or simply because they enjoy it and are interested in the markets.  Many investors are attracted to Options because it’s possible to profit regardless of share market conditions. Maybe that is why so many new investors started a trading account in 2020, after the COVID-19 pandemic turned the stock market into a virtual roller coaster. However nothing worth having comes easy and options trading comes with a steep learning curve. Education, support and, importantly, practice is an essential part of becoming a successful trader. As professional Tennis player Billie Jean King said, “Champions keep playing until they get it right”. That’s what the ASX Options Trading Game was built for – to give new traders a chance to practice their skills and learn more about trading options, while seasoned veterans are afforded the opportunity to test their ideas and theories in a risk-free environment. Click here to play the game. That is something some of the winners of the ASX Options Trading Game can attest to. Previous Options Game winner Jack Golding had never traded options when he signed up for the previous round of the game late last year, but walked away with the first prize and a new appreciation for Options Trading. “There’s probably a bit more to options technically than shares,” he said. It’s a generalisation, but I guess shares require less active portfolio management, and the passive aspect of shares is probably something which appealed to me. But having a look at the outcome of this game, I’m probably going to start looking at options a bit more!”  The Options Trading game is suitable for all levels of experience, whether you are a beginner new to the game, or an experienced trader wanting to expand your knowledge. You have 4 weeks to maximise your return on $50,000 of virtual cash. Do you have what it takes to be the best? The new round of the Options Game just launched 1st of March. Click here to get started.   Trading options is not suitable for everyone. There is a risk that you can lose more than the value of a trade or its underlying assets. You should only trade if you are confident that you fully understand what you are doing. If you are thinking about acquiring a financial product, you should consult our Financial Services Guide (FSG) at www.reachmarkets.com.au first. Sources:  

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