Options trading is the buying and selling of derivative contracts that give the owner the right to buy and sell 100 shares of a given stock. Options contracts are a great way for investors to leverage large positions in their portfolios. Likewise, traders can also trade these contracts and make money off the premiums. Options trading is a lucrative game, that allows you to profit on the market going up and down, what better way to get started than by picking the right brokerage firm to start trading with. A brokerage firm is a middleman that handles the buying and selling of assets for their clients, usually for a commission. Each brokerage has its own commission rates and types of accounts you can create with them.
Here are my top 3 brokerages to start options trading.
Starting Options Trading
There are many brokerages to start trading options with, these simply being my top 3 choices. You could create an account with each brokerage listed here and dedicate each account to a different goal and/or purpose, such as having a long-term and a short-term account. You can start trading on whichever platform you feel most comfortable with. Always remember that it’s never too late to start something new, and though there may always be risk, especially in trading, the biggest risk you take is doing nothing.