Been trading forex for a while but want to get into options. Looking at all these courses online and they all claim to be the best.
Which ones actually delivered for you when you were starting out?
Most courses are just recycled YouTube content. I searched for the same thing a few years ago when I wanted to add options trading.
What actually worked: started with Investopedia basics, then paper traded for 2 months. No course beats hands-on experience with fake money.
Want structure? Hit up tastytrade’s free content first. They explain stuff clearly without the sales pitch garbage.
You already trade forex, so you get risk management and market psychology. Options are just different mechanics. Learn the Greeks and time decay - that’s where beginners get wrecked.
Been there 3 years ago. Coming from forex, I figured options would be similar - got my ass kicked.
Paid courses were trash. They teach fancy strategies but skip the important stuff like how implied volatility destroys your positions.
What worked: TD Ameritrade’s thinkorswim platform. Their tutorials are built right in, so you’re learning with real option chains and live data.
Here’s the thing - your forex support/resistance skills transfer perfectly. But throw out everything about holding losers. Options expire. When you’re wrong, you’re dead wrong.
Start simple: buy calls on uptrending stocks. That’s it. Skip spreads and selling premium until you’ve blown up some basic trades. That’s when it clicks.
Your forex risk management will help, but options move way faster than currency pairs.
Your forex leverage experience already puts you ahead of most beginners.
Biggest difference? Time decay kills you, not just bad price moves. Start with basic calls and puts on stocks you know.
I learned more watching a few option chains daily than from any course. See how premium shifts when price moves and time passes.
Once theta starts eating your money, you’ll get why most options expire worthless.
Most courses just teach theory. Practice with real money instead.
Options pricing kills more beginners than wrong directional calls. You can nail the price movement and still lose money because volatility crushed your premium. Skip the courses. Open a small account and buy weekly SPY calls when it’s trending up. Watch time decay eat your money every day. Your forex timing skills are useless here - options expire whether your analysis is right or not. Learn this lesson cheap with small positions, not through expensive courses that won’t show you what it feels like watching theta burn your account.
Skip paid courses - most are overpriced marketing garbage. Start with CBOE’s free options education instead. They literally created options trading, so their stuff’s legit. Then check out Option Alpha’s free content for practical strategies without the BS. Your forex background’s actually helpful here. You already get leverage and risk management. Options just add time decay and volatility into the mix. Learn puts, calls, and covered calls first. Don’t touch spreads or fancy strategies until you’ve nailed the basics. Paper trade for at least a month. Here’s the kicker - options expire worthless way more often than forex trades hit stop losses.
Options Bootcamp by Power Cycle Trading worked for me. Clear explanations and real examples without fluff.