Where Should You Turn For Options Education? (And Who To Steer Clear Of)

The wealth of information online today is incredible – but this also leaves room for doubt. Where should you turn for your options trading education as a result? And what companies and programs should you steer clear of permanently?

Most of you I’m sure somewhere have been to one of those “free” seminars right? And if you didn’t go to one for options then I’m sure you have been to one for something else.

What really happens at these FREE senimars

The normal scam system works a little like this…

First, get you to come to a free seminar which is fairly easy since it’s, well, free. Quickly you learn that the seminar has little educational value if any. After a while you soon find out that their intent is to sell you a high priced course or program you can “make easy money” with.

These courses can easily be over $1000 and should be seriously questioned. I’ve even seen some 1 on 1 programs (or at leasted marketed as such) that can run over $10,000 per month! Talk abou the scam of the century.

Read ever books you can get your hands on

Instead of attending these free senimars, why not trying reading a couple good boosk. I’ve posted about some of my favorites before but you can always email me if you have a question about a book you are looking to purchase. I have a semi-large collection next to my desk – many of the books I’ve read 2-4 times over.

I know it’s much easier to sit on your butt and be spoon feed information in a single day. But the reality is that trading for a living is hard work – and takes determination. The sooner you realize this, the better.

By all means…if you want to go to some cheap hotel and pay an outrageous premium to hear a wannabe trader “teach” what you can find on your own, knock yourself out! I’m sure anyone reading this can tell you how much of a waste of time it turned out being.

You will learn much more by your money on great books and reading from reputable websites. Then start trading small and never stop learning! Keep a log of your trades and write down what went right and wrong.

Great education rescources for options traders

If you truly don’t know where to start or if you need a refresher, here are some of the most trusted sources I still will use and refer back to for my own trading education.

Option Industry Coucil - www.optionseducation.org

Chicago Board Options Exchange - http://www.cboe.com/learncenter/

The Options Guide - www.theoptionsguide.com

thinkorswim – www.thinkorswim.com

TradeMonster – www.trademonster.com

Now I’ll toot my own horn. READ MY BLOG – IT’S FREE! Help me build this resource and tell as many friends as you can.

If you have had any good or bad educational experiences, please help your fellow traders and share by commenting.

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Watch The 1st Video In This Free 4-Part Series

I’ve been told by tons of people that you’ve got to either have a lot of money or a really killer system to trade options and win. Some new indicator or signal that will transform your portfolio.

And I’m sure you’ve heard the same thing and are sick of these expensive, dead-end courses and websites wasting your time and money.

Honestly, there is no “magic secret” to trading options. It simply comes down to an understanding of risk management, option pricing and strategy selection.

Instead of learning these lessons the hard way (i.e. losing your shirt in the market), why not take my free 4-part video course as I cover each area in detail. Plus, I’ll go over the exact checklist I use for selecting trades each month!