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Well, not sure about industry practice, my knowledge is limited, but when I opened my trading account I was presented with some questions to assess my understan
by ainiriand 6y ago
Well, not sure about industry practice, my knowledge is limited, but when I opened my trading account I was presented with some questions to assess my understanding.
For different products I get-together different questions if I want to enable them. This is with degiro.
- Zevis 6y agoI recently went through all of these tests and they're extremely trivial. I got through them with barely any knowledge about the topic. Even though I can now do options trading, I'm not going to touch it or anything like it until I've put in far more independent research, if at all.
- madamelic 6y agoBuying options really isn't a problem. Your losses are capped at your premium if the options expire worthless. Selling options is where it gets _very_ dicey afaik. It seems like the person in question was selling covered options which is the safer way afaik. But yeah, you shouldn't be super scared of buying options. Selling options, in my opinion, requires more understanding.
- holstvoogd 6y agoThat I can recommend. It is extremely easy to loose money with it and end up with _nothing_. Especially the heavily leverage products can go from +100% to -100% in hours. And then your money is just gone. And you have nothing.