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Intermediate

Options

Option Greeks

Option prices are driven by multiple variables including changes in the underlying price, interest rates, passage of time, and changes in the expected volatility in the market. Collectively, these are called “the Greeks” because the symbols used to represent the sensitivities of these complex derivatives come from calculus and use the Greek Alphabet. Gain a basic understanding of how “the Greeks” are integral to managing a portfolio of options.

Basics

Trading and Risk Management

Controlling risk while trading takes many forms. It starts with properly selecting which markets to trade, then moves on to decisions about allocating capital and taking appropriate-sized positions. But managing risk and limiting losses also is accomplished through understanding risk itself as well as human nature. Any trader’s chance for success improves with a disciplined use and understanding of money management techniques.

Basics

Trading Psychology

Losing money is a particularly difficult test for new traders, who tend to lose very often. It is very hard to believe in yourself when you have no history of success and no way to put losses in perspective. But, being a good trader is like being a good baseball player who is considered a superstar if he gets on base 4 times out of 10. You don’t have to win every time to be a successful trader. You just have to understand that’s the way it is and be comfortable with it.

This section is designed to help you:
– Understand your personal psychological barriers that you will have to overcome to become successful
– Examine why some traders make bad decisions and how you can overcome the urge to self-destruct
– Reinforce the importance of developing a trading plan that is unique to you and your personality

BasicsEconomic Calendar

Learn About Key Economic Events

As a trader, you will come across many factors that you must consider before entering or exiting the markets. Some of the most important aspects to look for are economic events that can move the markets drastically one way or another. 
There are many types of economic events including releases by a governing body, changes in sales or consumption of commodities, and increases in supply and demand. All of these can affect the markets you trade, making it important for you to know how and when these changes are happening.