Trading Options For Dummies (Review)
| August 25, 2011 | Posted by Benjamin Huebner under Book Reviews |
The book Trading Options for Dummies by George Fontanills is an intelligent effort in bringing a complicated topic into an easily understandable format. The author is an investor, educator and leading proponent of Optionetics. In his book, he lays out the territory of trading options.
Trading binary options is a high-reward yet also high-risk investment vehicle. While it gives the investor flexibility in betting on differing market outcomes, the amount of risk involved is a steep learning curve for the inexperienced. Though the book has 5 parts, it is indistinctly divided into two. The first three parts deals with introductions, the market and how options work. This is a well-written and well-covered area. Beginners will comprehend the amount of data and flow of information. The first three areas specifically cover the dynamics of options, risk profiles, the exchange system and the distinction between stocks and options.
Options Trading For Dummies
Trading Options for Dummies explains the ways options can be used. Strategies in trading options are also discussed, including the different combinations of using options with other options or stocks. Every combination is evaluated. The advantages and disadvantages of each strategy or approach stated.
Beginners will appreciate the second half of the book. It discusses the peculiars of trading options. Instances of volatility and traps of exercises are included. This gives the reader ample warning on the surprises and difficulties in trading options.
Is Trading Options For Dummies Worth Its Cost?
After reading the “Trading Options For Dummies” Trading guide, beginners will get a fairly accurate scenario of trading options. Confidence in trading options is secured as long as new option traders keep in mind the risks involved. Also, readers will be able to tackle and start studying other advanced financial trading vehicles like trading binary options.
This book is worth reading and gives the best chance for beginners to comprehend trading options. Though the principles, trading combinations and strategies included in the book are standard in all markets, it is important to remember that the book is written predominantly for the US option market.
Trading Options for Dummies is a solid guide on how to start Options trading successfully and with the lowest risks possible. Its highly recommended to invest this small investment before you start trading….
Options Trading For Dummies at Amazon…Click here!
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