Joseph Frey – A Complete Course in Option Trading Fundamentals

Now, this fast moving presentation from respected Options Industry Council instructor Joseph Frey provides a comprehensive overview of options trading — from basic concepts to sophisticated strategies. Ideal for beginners, or any trader looking to refine skills, Frey focuses on the nuts and bolts of option trading including:

     · Why options don’t behave like stocks – and differences in price action.
· The impact of implied volatility on every option trade
· Basic put and call purchases
· 4 fundamental actions underlying all option trading techniques
· 6 primary option strategies for bullish investors
· The 3 key reasons options traders fail – and how to avoid them
· The 50% rule for “at-the-money” price moves
· How time decay can quickly eat up option trading profits

Plus, he explains advanced bull/bear spreads, straddle techniques, and the various “directional option strategies” he’s instructed over the years. With detailed discussion on how option prices are determined, what causes them to change, case studies of specific strategies in action – and when to apply them – this comprehensive session will help you meet your ultimate trading goals and prepare you for real-world, profitable, option trading in no time.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.