Trading Options is a bit overwhelming for me. Any Suggestions to make it easier?

[Mahanton]

As the title suggests. I am a newbie trader and have recently found out the benefits of trading options. The hard part is that there are just too many things I see that I have to fill to execute a trade. Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading? Thanks in advance.

You can check out these 2 vids which is helpful in regards with options for newbies.

https://www.youtube.com/watch?v=MiybniIIvx0
https://www.youtube.com/watch?v=sFYOKIsPdes

[1714861589]

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[crossabdd]

What trade options do you mean? is there too much coin to trade. so it's hard to choose it. if that is the case, I usually choose altcoin which has the top 50 in CMC. and choose a coin that experiences a price drop. then analyze it. I personally have never used the guide. just following a little news. and only search for news about selected coins. But if you have difficulty trading. try to use a demo trading. it will help you in trade option.

[vennali]

We are running a contest for Christmas, Why don't you try to practice trading Options while getting a chance to win 100 USTD!!



What will be your option play this Christmas?

Pick the position that you think will generate the most ROI - 3 lucky winners will stand to win 100 USDT each! 🎅💰

Participate now: by Clicking HERE

[johnwest]

Its harder than what you might expect and there is no one definitive way of learning this. Its based on your planning and principle sum which you are trying to invest. I did allot of demo trading on Okex and it was really beneficial for me to understand how I can maximize my strategy.

[bitbunnny]

I'm not sure what do you mean by trading options but I suppose you mean trading in general.
Yes, it could be overwhelming. It's demanding, time consuming, it requests skills and knowledge, so in one word it's not easy. That is why I say that trading isn't for everyone and there is nothing to be shamed of if you come to this conclusion.
So with time it might get a bit easier when you get some more experience and when you develope your own strategy and goals but don't expect that you could do trading without efforts and without losses.

[milewilda]

We are running a contest for Christmas, Why don't you try to practice trading Options while getting a chance to win 100 USTD!!
What will be your option play this Christmas?

Pick the position that you think will generate the most ROI - 3 lucky winners will stand to win 100 USDT each! 🎅💰

Participate now: by Clicking HERE

Good call but its better to make your own thread and announce this promotion. Set aside, i would definitely choose that Do nothing and HODL! LOOOL!

Options trading is somewhat considered to be gambling if you dont know on what youre doing but if you do know how to read up charts and make some analysis
then you do really able to increase your chance on winning a position.The thing i dont like on most brokers is on the deduction of the total payout
which is really ridiculous.

[1Referee]

I'm not sure what do you mean by trading options but I suppose you mean trading in general.

Options trading is a different class within trading.

https://www.investopedia.com/options-basics-tutorial-4583012

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Not sure where people's interest in options trading comes from, but 'trading experts' are popping up everywhere on social media offering options courses and guides for ridiculous sums of money. They only need a few suckers a month to pay for that garbage and they have a solid monthly income. It could even be seen as passive income because they only have to spend time setting up these courses/guides once.

People can't even just do simple spot trading and they want to get into options trading? It's hilarious.

[AmoreJaz]

I'm not sure what do you mean by trading options but I suppose you mean trading in general.

Options trading is a different class within trading.

https://www.investopedia.com/options-basics-tutorial-4583012

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Not sure where people's interest in options trading comes from, but 'trading experts' are popping up everywhere on social media offering options courses and guides for ridiculous sums of money. They only need a few suckers a month to pay for that garbage and they have a solid monthly income. It could even be seen as passive income because they only have to spend time setting up these courses/guides once.

People can't even just do simple spot trading and they want to get into options trading? It's hilarious.

they have their own preferences when it comes to trading. but for the OP not to overwhelmed by his newfound 'hobby', he should take it one at a time. maybe he's too excited that he found this trading options that will potentially give him good profit. but i suggest that he should not rush things here, try to learn first and read pointers as already been discussed many times on this section. he can already gained a lot of insights on this forum alone.

[vennali]

We are running a contest for Christmas, Why don't you try to practice trading Options while getting a chance to win 100 USTD!!
What will be your option play this Christmas?

Pick the position that you think will generate the most ROI - 3 lucky winners will stand to win 100 USDT each! 🎅💰

Participate now: by Clicking HERE

Good call but its better to make your own thread and announce this promotion. Set aside, i would definitely choose that Do nothing and HODL! LOOOL!

Options trading is somewhat considered to be gambling if you dont know on what youre doing but if you do know how to read up charts and make some analysis
then you do really able to increase your chance on winning a position.The thing i dont like on most brokers is on the deduction of the total payout
which is really ridiculous.

Yeah, We have our own thread but I thought OP could benefit from it and learn along with the contest. Giveaways and Contests can be a fun way to learn something, given the added incentive. Agree on the Brokers part. They are like parasites. Better to trade a low amount and learn everything by yourself. Set the goal on learning rather than making money. Making money will be a nice byproduct. If you manage to get your fundamentals strong. 

[Yamifoud]

A lot of trading tutorials can be found on the internet and pretty easy for us to to do trading if we follow what they say but of course, we have to work our own diligence cause trading is a risky thing to do. Yes, we have the basic learnings but not just it works pretty quick and to become profitable in trading, it needs effort and dedication.
May this thing could help for you https://www.thestreet.com/investing/what-is-options-trading-14772273

[Sadlife]

Why not switch to much more user friendly site, honestly i dont like trading sites that's to much complex especially when all i want to do is buy cryptos, but the trading site has a lot of process to it and if you're a beginner into it there's a high possibility chance that you'll messed up, im just talking from my own experience but seriously try binance or coinut very easy mechanics and simple UI.

[justdimin]

Why do you "have to" do trading options? Considering it is not a newbie friendly easy to use method of trading, you could simply ignore it and deal with regular trading until you are certain that you are good with that. Trading options when you are newbie and want to get better is only for gambling and hoping that you will get right that one first time and get out, if you are right then continue using it, that would eventually lead you losing as well.

I for example did leverage just once, got right and got away and never did it again, so I can say I am profitable whenever I did it. I am not saying never to look at trading options but at least get better at regular trading first before you can move out to trading options. You should feel confident and insecure enough to write here.

[vennali]

Why do you "have to" do trading options? Considering it is not a newbie friendly easy to use method of trading, you could simply ignore it and deal with regular trading until you are certain that you are good with that. Trading options when you are newbie and want to get better is only for gambling and hoping that you will get right that one first time and get out, if you are right then continue using it, that would eventually lead you losing as well.

I for example did leverage just once, got right and got away and never did it again, so I can say I am profitable whenever I did it. I am not saying never to look at trading options but at least get better at regular trading first before you can move out to trading options. You should feel confident and insecure enough to write here.

Well, thats partly true. Trading Options can get as complex as any form of trading out there. You can keep it simple though, like you can buy puts if you think that Crypto is going to crash and make some good earning out of it at very affordable costs. Rather than selling crypto and be concerned about being part of shorting. The basics of Options isnt too complicated. Its what you can do with that information, can become complex. Check out Sparrow's medium page. You might find some useful information from it. If you need anymore help, join into Sparrow's telegram and ask that doubts you have regarding trading options.

[Omega Weapon]

OP should probably consider learning trading with demo trading. That should give you the opportunity to play around with exchanges trading tools without risking your hard earned money. There are some good ones on the internet. Search  "Crypto demo trading exchanges" for articles by reputable sites on the topic.

At first this may seem like a fantastic idea because you can learn how to trade without risking your money, but that is not really accurate, and that is because you're not going to experiment the anguish that comes from actually trading your capital, you're not going to experiment a great joy when the market moves in your predicted direction and you are not going to experiment the anguish when the market does the opposite of what you thought it will do, and knowing how to keep those emotions in check is critical to be successful.

[Webetcoins]

OP should probably consider learning trading with demo trading. That should give you the opportunity to play around with exchanges trading tools without risking your hard earned money. There are some good ones on the internet. Search  "Crypto demo trading exchanges" for articles by reputable sites on the topic.

At first this may seem like a fantastic idea because you can learn how to trade without risking your money, but that is not really accurate, and that is because you're not going to experiment the anguish that comes from actually trading your capital, you're not going to experiment a great joy when the market moves in your predicted direction and you are not going to experiment the anguish when the market does the opposite of what you thought it will do, and knowing how to keep those emotions in check is critical to be successful.

This is not good to keep playing on trading sites which offer you demo trading. For the beginning week or two, you are recommended to trade their in order to get hands on small things like how to buy and sell how to read graphs and so on. But afterwards, start practicing trading with small amounts in order to check the implementation of whatever you have learned. This is will also give you idea of emotional psychology as well.

[vennali]

OP maybe THIS will help you in your quest for learning about Trading Options. Meanwhile, you could also put in a small investment that you will use to practice trading Options on Trading platforms.

[Omega Weapon]

OP should probably consider learning trading with demo trading. That should give you the opportunity to play around with exchanges trading tools without risking your hard earned money. There are some good ones on the internet. Search  "Crypto demo trading exchanges" for articles by reputable sites on the topic.

At first this may seem like a fantastic idea because you can learn how to trade without risking your money, but that is not really accurate, and that is because you're not going to experiment the anguish that comes from actually trading your capital, you're not going to experiment a great joy when the market moves in your predicted direction and you are not going to experiment the anguish when the market does the opposite of what you thought it will do, and knowing how to keep those emotions in check is critical to be successful.

This is not good to keep playing on trading sites which offer you demo trading. For the beginning week or two, you are recommended to trade their in order to get hands on small things like how to buy and sell how to read graphs and so on. But afterwards, start practicing trading with small amounts in order to check the implementation of whatever you have learned. This is will also give you idea of emotional psychology as well.

That is not going to work either, while trading with a small amount of money is a better option it is not going to allow you to know if you have what it takes to be a trader, after all if you risk only a few dollars in each trade and you have thousands you are not going to be worried when you have a losing position, that will only happen when you use a significant amount of your capital, this is the reason why trading can be so deceptively easy when you are not using any money and so difficult once you begin to use your capital.

[ladyfox]

OP maybe THIS will help you in your quest for learning about Trading Options. Meanwhile, you could also put in a small investment that you will use to practice trading Options on Trading platforms.

Thanks, this is indeed helpful. I have started going through the program and will watch the videos over the weekend.

[supercanada1]

OP maybe THIS will help you in your quest for learning about Trading Options. Meanwhile, you could also put in a small investment that you will use to practice trading Options on Trading platforms.

Thanks, this is indeed helpful. I have started going through the program and will watch the videos over the weekend.

As Practice makes a man perfect, you can start from a small business and can lead to higher one. The ups and downs in the small investment will give you experience and knowledge about how to deal with the situation. This will save you from bigger losses in the big investment. In the end you will surely get benefits from this crypto market.

[Shimmiry]

As the title suggests. I am a newbie trader and have recently found out the benefits of trading options. The hard part is that there are just too many things I see that I have to fill to execute a trade. Are there any guides that could help me understand trading options? or any platforms that makes it easier for trading? Thanks in advance.

There are no such thing as easy money. Trading was easy and learning it can be difficult. But what makes it much harder is how would you have your own ways to earn profit. Better have an immense patience to study reading the market and predictions first. That's the common misconception nowadays, that trading can easily give u money just buy low sell high. No, it requires more experience and evenneeds a huge amount of money first if a trader really wanted huge income. The higher the bid, the better.