For Your Financial Freedom
In my opinion, tastyworks is the best broker for options traders. One of the main reasons for this is that they have a great trading platform with a ton of useful features. But as with all new platforms with many features, this comes with a learning curve. The goal of this tastyworks tutorial is to walk you through every single aspect of the tastyworks trading platform so that you can truly reap its benefits. After Read more
When it comes to options trading, there are many different measures of probabilities. Most of them sound very similar: probability of ITM, probability of OTM, probability of touch… but actually all of them represent something different. It is important to be aware of all the differences so you can take advantage of all these indicators. In this article, I will present and explain all these different probabilities that an option trader needs to be aware Read more
Short selling has a reputation for being extremely dangerous which is the reason why many retail traders avoid it. The risks of shorting stocks, however, aren’t really much greater than those of buying stocks, if you know what you are doing. Understanding what short selling is and how it works is very important for a trader, even if he/she doesn’t plan on short selling himself/herself. The reason for this is that understanding what short sellers Read more
The ESMA has just enforced a lot of new major regulations affecting all sorts of traders (1. August 2018). If you are a trader living in the EU, you may have to change your trading from now on. Many people despise these new changes and regulations because they feel like their trading will be very restricted. In this article, I will explain what exactly these new ESMA regulations are and how they will affect you Read more
When opening a new brokerage account, you usually will be able to choose between a cash account or a margin account. This article will give you an overview of the benefits and disadvantages of a cash account vs margin account. After reading this, you should have a much easier time deciding on which brokerage account type is best for you and your trading style. What is Margin? First off, it is important to understand what Read more
Choosing a broker to trade is unavoidable for retail traders. But the sign-up and set up process can be confusing for newcomers. Probably the first most confusing choice when signing up for a broker is the account type choice. Most brokers offer a wide variety of different account types. Just to mention a few: Individual, IRA, Custodial, Joint, (cash vs margin account)… All of them differ from each other, some a lot and some only Read more
Many traders seem to have difficulties understanding the PDT rule even though it is very important to understand, especially for those with smaller accounts or those that are just starting out. Thus, common questions are: ‘What is the pattern day trader rule’ or ‘how to avoid the pattern day trader rule’. People that are under this rule often have to adjust their trading style to some degree. If you do not know what the PDT rule is, you should definitely read this Read more
Your choice of a broker is one of the essential steps of your trading journey. If you are serious about trading, you sooner or later won’t get around opening a brokerage account to actually start trading. This broker will likely be a big part of your trading and therefore it is important to pick the right broker. Here are some helpful tips and tricks to help you find the best possible broker for your individual Read more
CFDs have become very popular over the course of the past few years. Really many brokers, especially Forex brokers offer CFDs even instead of other investment vehicles. Obviously CFDs offer some advantages for the trader, but they do offer some shady advantages for the broker as well. In this article you will learn your advantages from CFDs and the real reasons why CFDs have become so popular among brokers. Definition, What Is A CFD? First Read more
One of the most commonly asked questions is: how much money do I need to start trading? Many people want to know this. The answer to this question is not short, because there really is no one right answer. It really depends on many things. Nevertheless, I want to try to break down the question and give the best possible answer in this article. What do You want to trade? How much Money do You Read more