Is Options Trading For Dummies Worth The Money?

Options Trading For Dummies (better known as Trading Options for Dummies) is a well known book that teaches the fundamentals of earning money with options. But it is not an options trading course as it doesn't go into the details. If you are looking to get involved in this field but lack the knowledge, Options Trading for Dummies is a lesson you can begin with. This resource is in fact a beginners manual to this area, as the name suggests.

It covers the three main varieties of options out there, which are stock, index, and ETF options. It also explains options contracts, and how to understand the lingo so that you realize what you are signing.

This will protect you from getting yourself into any bad deals because you did not understand the language. It discusses methods for lowering your risks when trading, and how to trade options on exchanges the proper way. These are some of the more important topics covered in Options Trading for Dummies, although you can find many more.

As far as whether Options Trading for Dummies is helpful or not, that is up for debate. Never forget that this is principally focused on option trading, and it assumes the person reading it already has the basic stock investing knowledge needed. Options Trading for Dummies is written more for somebody already earning from stocks, and looking to expand into options.

Thus, if you do not understand much about stock investing, you will have to learn about it before going through Options Trading For Dummies. Fortunately, you can find out the basics of stock investing on the internet, so this should not be hard. However, if you wish to learn about this in this book, you will be disappointed.

One of the main problems with Options Trading for Dummies is its inability to explain fundamental analysis, as it only deals with technical analysis. In a nutshell, it is written more for the short term, day trader instead of the long term investor. Also, Options Trading for Dummies does not discuss selling puts, which you would hope a book on options to cover.

On the whole, Options Trading for Dummies is a nice book if you need definitions on options, and to understand the basics of the field. However, if you require specific strategies, you will be disappointed. Fortunately, there are many sites online discussing specific strategies.

Basically, if you are a beginning option trader who is already making money with the market, but want an introduction to the field of options, Options Trading for Dummies is for you. But if you want to know detailed and specific strategies with comprehensive instructions, then you're better off with an options trading course. Options Trading For Dummies will only provide you all the background information necessary to form your own options trading strategy.

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