paper trading and study methods for options for trading options beginner

May 4th, 2016, 08:33 PM

Greetings everyone!

I am BRAND new to trading options. I'm looking to start paper trading options on Monday and had a few questions about how to get started. Here's a list of what I'm looking for.

How to practice analysis to choose a stock, option types, position
One VERY basic book on fundamental and technical analysis
The best paper broker to use as a beginner

If there are any other preparation techniques I should put into practice, let me know!! I'm approaching this with as much humility as possible so I am all ears.

Thanks a ton everybody!

May 10th, 2016, 07:13 PM

You should check out you tube ,plenty of how to videos there on everything regarding trading.

I would have to say TDA /TOS is the best for paper trading. That's what I started with years ago.

Good luck .

May 10th, 2016, 10:43 PM

Thanks a lot for the advice. I'll def look into TDA. Any books that were helpful?

May 24th, 2016, 07:12 AM

You can start a small account on TDA. I believe their policy is that you can only have real time sim TOS
if you have a live account. They usually give you one sim account along with your live account.
For a free intro to option spread trading the "Liz and Jenny" show is a good start and they also use
the TOS platform as well as teaching how to use it's options features.

https://tastytrade.com/tt/shows/the-liz-jny-show

Mind that one still needs to learn to do well directionally on stocks. Liz and Jenny claim they do about 10 to 30% a year on their options portfolios. Good luck.

paper trading and study methods for options for trading options beginner

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paper trading and study methods for options for trading options beginner