Top option trading services
Traditionally, brokers could easily be placed in one of two categories; they were either full service or discount.
The advent of online brokers has made it somewhat more difficult to distinguish between the two as there tends to be a lot more flexibility in the services offered.
Strictly speaking, a full service broker is one that will provide you with professional advice and guidance in addition to transacting your orders for you while a discount broker will simply carry out your orders as instructed. For more details on this particular aspect of brokers, please visit Full Service Brokers vs. These days a number of brokers can effectively be placed in either, or both, of the categories as they offer a choice of service to their customers.
What you must decide is whether you want the additional services that are on offer, such as receiving expert advice on potential trades and investments, or whether you prefer to have a broker that simply acts upon your instructions. It won't surprise you to know that using the additional services is the more expensive option, and you will pay much less in commissions and fees when using discount services.
There's an idea floating around that suggests beginners are better off using a full service broker while they are still learning and benefitting from having a professional guide them as necessary. There are certainly benefits in that course of action, however we suggest that even beginner options traders should use a discount service. If a different form of investment was involved, such as investing in stocks and shares using a buy and hold strategy, then the arguments for using a full service broker would be stronger because there are real benefits in having an expert help you to plan your investments, find suitable investment opportunities, and monitor your portfolio.
However, options trading is a unique form of trading and there is so much more involved than simply selecting stocks that are going to go up in value in the long term.
In our opinion, it's much better to be hands on from the very beginning, learning how to identify your own trading opportunities, and decide which options trading strategies to use. As such, we would advise beginner traders to stick to discount services primarily for the reasons listed above, but also because of the additional costs involved in using a full service broker.
The higher commission charges can really eat into any returns that you make, particularly if you are making fairly small trades, which can make it very difficult to be profitable in the long run. This is also why discount services are better for small traders, whether beginners or not, as the extra costs effectively have a bigger impact when trade values are low.
The commissions and fees charged by an online broker are, somewhat obviously, something that any type of options trader needs to take into consideration. It's particularly important for small traders to use a broker with competitive commission because as we have touched on above; high commissions can be a real problem when making low value trades. Bearing in mind that most beginners will typically start out with fairly low value trades too.
Beginners options traders also should be looking to keep commission charges as low as possible. You should also be looking for commission and fee structures that are nice and straightforward. Some places have structures that are really convoluted, and this is an added complication that you simply don't need. You need to be aware that a number of options brokers will offer really low headline commission rates, but then have small print stipulating that certain criteria has to be met to get the low rates.
Alternatively, they might offer low commissions but then have a load of other fees that get charged to your account. This is something else that beginner traders and small traders really need to look at before signing up with an online service. Most places will have fixed minimums for how much you need to deposit and how much each trade must be worth.
Since then he has been providing options trading recommendations to novices and professionals alike. His options trading advisory service came about after he found personal success as an options trader. After he made his fortune he wanted to help those who were interested in options trading but needed strategic guidance. His options trading strategies have provided him and his clients with portfolios built upon lower risk and higher potential for reward. His personal success as an options trader and his corporate success as an options trading coach is evidence-based.
An options trading advisory service is a service that is provided to a person in order for them to become successfully involved in the options trading market. This service involves providing options trading advice, education, strategy and tips. Each options trading advice service is different, offering different packages and utilizing different strategies.
The internet is filled with illegitimate websites just trying to make a quick buck off of a beginner options trader. It is important to choose a trading advisory service that is both experienced and has a successful track record. Your options trading advisory service should be able to provide you with evidence of their past trading records. Chuck Hughes offers a weekly options advisory service because he believes this is one of the most successful ways that a person can create profit.
This is the idea that trading in stocks builds a greater amount of wealth than any other form of investing. Call Chuck Hughes at , or click below. This program is not a class or a home-study course. You will not have to spend your valuable time reading through books to learn how options trading works. Why waste time learning options trading strategy when you can be GIVEN the actual trades by an international options trading expert? All you have to do is use the options trading recommendations Chuck gives you.
Trading options is not a guessing game- there is complex strategy involved. Let Chuck provide you with options trading strategies so you can focus your time on things that matter to you. Chuck Hughes has experience, he has a proven track record, and he has a clear outline of how to use his system to generate weekly profits. Trading options can lead to substantial rewards. However, options move faster than the underlying stock that it is tied to.
Trading options based upon gut feelings or luck is foolish. Trading options based upon proven options trading strategies will help you maximize returns and reduce your risk of losing money.
The best way to create the highest profit is by learning from an expert options trader. Our services include tips for weekly and monthly options purchases, weekly and monthly covered calls, options spreads, married putts, buy writes , market neutral strategies and stock purchases. Many options advisory services will enroll you in a basic tutorial course which you will attend with a number of other people.