What is the best way to learn options trading and day trading?
Is there a website out there that lets you interact with those trading screens and lets you play with practice accounts? Options trading is preferential, but I am open to any ideas. I know websites like Interactive Brokers lets you have practice accounts, but you need to already have an existing real account.
Public Comments
- Here's a free site which i use from time-to-time: http://888options.com You can also find out a lot more info about trading and options on these free sites which are recognized by Y! A as "Knowledge Contributors" http://investopedia.com AND http://yahoofinance.com As far as "day trading" is concerned: THE BIGGEST challenge is having $25,000 CASH on-hand in a trading account at all times. This does not include any trades or positions. This is cold, hard cash. Once the balance goes below this, certain restrictions are instituted. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
- Lots of study and research on your part. If you wish to make a small fortune in this type of trading right away, start with a large fortune and mark down your loses to education and training. Spoon Man.
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