What are options?
Options are contracts that give the buyer the right

 

This is great post. It seems like you got all this information straight out of your Series 7 licensing textbook.







... Must sign up for classes to obtain my Series 7 license ASAP.

 

It's a nice glossary of terms but doesn't really touch on what options really are but for that would require a 1000 page book.

 

c3 are you a finance major by any chance?

 

We should commission the guy who wrote "The Cartoon Guide to Physics" to write us "The Cartoon Guide to Derivatives." I bet it would be a great format.

- Warren

 

I saw an ad for Currency Trading for Dummies.

Probably written by a forex trader. That's like two home runs: you get money when the dummies buy your book and you get money when they foolishly get into the market to trade.

For every winner there's a loser. How do the winners stay winners? Create a whole new generation of losers.

 

No, I'm just a hobbyist. I have no formal training in finance or commerce (or anything for that matter) but I know how to read and I'm not afraid to fail. That takes you a long way.

Fake it 'till you make it baby!!