Options Trading Tutorial

I need a good basic course in trading(short selling, options investing, etc.).Money is not an issueWho's best?

Public Comments

1. do email to me if you have the right advise.
2. You could take a Security and Investment Analysis course at a college. There are lots of books on investment. Jim Kramer of Mad Money is a brilliant finance guy. You can catch him on MSNBC weeknights. He has also written some books. My dad has been investing for many years now and he's self-taught. He's an electrical engineer by profession. He knows all about what you are talking about and is in an investment club that is only open to certain people. You could read Barrons and the Wall Street Journal. Finance is a tough area. If you think you will know it all in one course then you are in a for a big surprise. But if you read a lot of different investment books and watch Jim Kramer then I think you would know a lot of what will help you make wise investment decisions. Short-selling is selling stock that you don't own in the hopes that people will pay you a higher price than what you can buy the stock for. You make money in a declining market. It requires that you have a margin account, which is like a credit account. It's debt and this is one of things that caused the Great Depression. It's very risky. You have to have money and be adverse to high risk. Options investing has to do with selling the right to buy or sell stock at a predetermined price. If you want to sell an investor a call option, you collect a commission and the investor has the right to buy your stock for a certain price. If the stock price goes up, but the call price is lower then the investor gets to buy the stock for less than the market value of the stock. A put option is about having the right to sell stock. It works opposite a call option. This is another high risk strategy and should only be done by wealthy and experienced investors who understand the risks and know how to handle them. There are strategies that one can incorporate. Hope this helps. I used to work in finance and have taken a lot of classes. I'm in an MBA program now. I took accounting and finance. I passed the Series 7 and 63 securities exams. The Series 7 is the exam for brokers.
3. Start by reading the free articles online, especially at investopedia.com. That website also has a mock trading section where you open an "account" with $10,000 of imaginary money in it; you can buy and sell securities and options, and track their progress against real market prices.
4. I would reccomend going to www.liveonlinestocktrading.com. They can help you figure out the markets. They have a 30 day free trial so that you can consult with their senior stock trader in their chatroom. The stock market is not only about knowing how to go long, short, etc. It is more about the psychology of the markets and what is going on behind the scenes. That Web site is the only place I've ever heard of that knows the exact time we go from bull market to bear market or bear market to bull market. That way, you know when you should be going long or shorting. It's totally genius. They have special software that allows you to figure out what is going on behind the scenes with individual stocks too. Good luck!