Beginner

Discussion in 'Options' started by IIAce, May 24, 2006.

  1. I would open an account at TOS and use their paper trade function to practice and learn the platform and once you have taken a few free classes then put on some very small spreads to get your feet wet.
     
    #11     May 26, 2006
  2. I "started" with the TOS software (I made a few option trades in the past, but that was when you called your broker on the phone.)

    I didn't realize how good it is. I went to Fidelity to make a trade and it was the stone age. You had to enter the option symbol (I threw away my cheatsheet card a long time ago), strike price, # contracts, etc. TOS brings up the choices and you just click on the one you want. You can adjust what you want and click "confirm&send". You can bring up a screen of singles, vertical spreads, condors, straddles, etc. And of course the numbers update in real time.

    I don't know how the trading platforms are at the other brokers who specialize in options. Also, this was Fidelity's website trading, not their ActiveTrader.
     
    #12     May 26, 2006