Option trading for beginners

csgohan4

trading and beginners don't go together I'm afraid, might as well flush £50 notes down the toilet, least you can still use it wipe your backside

Another_Saver

And from personal experience it can be addictive, frustrating, can make you feel like a failure, can affect your mental health.
Options trading is basically an app or game that you buy for perhaps hundreds of pounds to look at charts and guess if they're going to go up or down.
Tell him to start playing EVE Online.

Another_Saver

Savealotmore1 said:

I signed up for a trading app today and received a free share in a company using a referral code. It's called Trading 212 and after investing £1 using the below referral link, I received a free share for Shell valued at £9! You can try it too via this referral link:

Hi, please post this on the referrer's board, it is against forum rules to post referral links anywhere but there.

bowlhead99

Another_Saver said:

Savealotmore1 said:

I signed up for a trading app today and received a free share in a company using a referral code. It's called Trading 212 and after investing £1 using the below referral link, I received a free share for Shell valued at £9! You can try it too via this referral link: xxxxxxxxxxxxxxxxxxxxxxxxx

Hi, please post this on the referrer's board, it is against forum rules to post referral links anywhere but there.

For that reason, probably best not to quote someone else's full referral link in your own post as it will preserve their link on the thread even after their original post has been removed for being spam.

Another_Saver

Good spot 🤦‍♂️

John_

Options are a valuable tool in the investment banking world to tailor people’s risk profiles to their needs, but generally wholly inappropriate for amateur investors.
I trade options for a job, something I’ve been doing for decades now. The type of digital or binary options trading that people see on Facebook or Twitter are pretty much all scams or, at best, gambling like in a casino but with far worse odds.
People are drawn in by the fake profiles of “influencers” claiming to have high-end lives with private jets and a fleet of super cars. None of it is true.

Another_Saver

John_ said:

Options are a valuable tool in the investment banking world to tailor people’s risk profiles to their needs, but generally wholly inappropriate for amateur investors.
I trade options for a job, something I’ve been doing for decades now. The type of digital or binary options trading that people see on Facebook or Twitter are pretty much all scams or, at best, gambling like in a casino but with far worse odds.
People are drawn in by the fake profiles of “influencers” claiming to have high-end lives with private jets and a fleet of super cars. None of it is true.

/
I'd add to that the OP should only consider letting their son gamble with options trading if he can understand Black-Scholes, because if he's that clever he'll understand why he shouldn't.

snowqueen555

Robinhood were only going to be offering basic share dealing, they were not planning to bring options trading.
Options trading is not a good shout unless you are a bit more experienced. For UK you are best off googling it and you will find a few providers who offer low commission. IFree options trading isn't a thing here.

Mickey666

Hmm.  Another new poster who hasn’t been back in five days to check on any of the answers to his post . . . . 

Albermarle

Mickey666 said:

Hmm.  Another new poster who hasn’t been back in five days to check on any of the answers to his post . . . . 

I kind of suspected as much from the beginning ....