‘Wall Street’, these two words conjure up images of wealthy stock brokers, power suits and powerful cars. However, the internet has made is possible for virtually anyone to trade on the stock exchange, no matter where they live. The traditional approach is to purchase shares, receive any dividends and, ultimately, sell them for a profit. However, this is not the only way to trade on the stock market. This book will introduce you to the concept of options trading; this is trading the right to buy or sell shares and not the shares themselves. This can be a lucrative prospect, but, just like any investment opportunity you can lose money as well as gain it. Options trading does require less funds to start with then regular stock market trading and this can make it a good starting point. It is essential to understand the concepts behind options trading and this book will help you to master the basic principles and a selection of the trading strategies which you can use. Binary options and Covered calls are introduced separately although they are part of options trading. This is because binary options has received a lot of press in recent years, although much of this is negative it is a valid investment trading strategy, used correctly it can be a valuable part of your portfolio. Covered calls are a very important concept to help protect your funds and will be of great assistance during the early days of your trading; understanding the concept and implementation of this strategy is important. The book will also demonstrate to you the advantages and disadvantages of using options trading as opposed to the standard stock market trading options. The final chapter covers the most common pitfalls that new investors make; understanding them will ensure you do not make the same mistakes. If you approach options trading as a business opportunity and understand your options as well as the principles of trade you will be able to create a viable income source and should enjoy the experience. Alternatively it can simply be an excellent way of building your funds up ready to enjoy your retirement. It is easy to get started and this book will guide you along the journey; why delay?
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