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Understanding Options 2E, 2nd Edition by Michael Sincere

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2

How to Open an Options Account

The two most common questions that people ask when they are interested in options are, “How do you open an account?” and, “How much money do I need to get started?” Both questions are answered in this short but important chapter.

By now, you may be eager to place your first options trade. The wise traders, however, wait patiently for the best investment or trading opportunities. If you step into options without knowledge or experience, you could lose money. Take the time to study options thoroughly before you place your first order. With that in mind, let’s get started on learning what you need to do to open an account.

The Five Steps to Opening an Options Account

Because your brokerage firm handles all your options ...

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