The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

#747 - How Much Does It Cost To Start Trading Options?

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Synopsis

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “How much does it cost to start trading options?” Well, the good news is that it doesn’t cost anything to start trading options and that’s because you can start trading options with a paper account or a virtual trading account in almost any of the major brokerages. And in fact, even if you do have money to start trading options and you want to actually start putting money at risk, we highly suggest that you start by paper trading for a little bit before you actually do that. This gets you familiar with the broker platforms, how order executions flow, how market pricing reacts to different news environments and just gets you aware of the mechanics before you actually start placing your hard-earned money at risk. Now, once you feel like you’re comfortable enough with the mechanics and the broker platforms, how order entries are created, how to build strategies, then when you sta