Is trading options without simulating and understanding their behavior a good idea?
In the blog post below we look at the pros and cons of jumping in options trading without practicing before. Out there broker dealers offering CFDs or future contracts have mushroomed. And so did the mobile trading apps. You can even trade ETFs and fractional shares nowadays, so why not try some knock-out options? After all, they are not so different from stocks trading, aren’t they?
We have all been there: you want to profit from the stock markets, so you open a broker demo account and start buying and selling shares. Then you open a crypto account which (especially nowadays) advertises futures on bitcoin. Why not? (again)… Aren’t the crypto futures simply leveraged contracts?
In a nutshell, yes and no.Read More »Trading options without a simulator = playing with fire?