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Posted on 28 October 2011.
Options trading books are valuable tools for any investor. If you are making your first foray into the world of options, however, having a good guide can be almost priceless. Options are some of the most versatile types of investments because they give the investor the opportunity to back out of a contract. While this versatility gives investors greater leeway in their investment strategies, options can be confusing for someone who is used to trading stocks with more definitive rules. A book, written by an expert with years of experience in options trading, can serve as a guide and help you decide when, what and how much you should buy, sell or trade.
Choosing the best options trading books is a matter of personal preference. Each investor has their own style and their own set of strategies. Experienced options investors often disagree on the best way to conduct business. Because of this, it can be difficult to know the books to trust and the books that will work the best for you. In fact, the only real way to know which books are best for you is to read a few of the top titles. Regardless of the experience of the writer, you should not blindly trust any piece of advice or information. You should only follow advice that makes sense to you. Read a few different options trading books and find the ones that click with your own investment style.
Once you have narrowed your list down to a few books, it is time to test them out. Buy a few options as a trial, basing your strategy on one book’s advice. Buy a few more options using a different strategy that has been laid out by a different book. Keep in mind that by buying all of your test stocks at the same time, you will only have to pay one brokerage fee. Once you have seen how each strategy works, you will know which options trading books are best suited to your investment style.
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