Thanks for the question.

To the question of is it very hard to make money I would say that the answer to this question is all relative. The fact is that most people don't make money trading so I think most people would say yes it is hard to make money trading. At the same time however, unlike other occupations, people seem to think that they can read a book or take a few lessons and then trade profitably. With this in mind I would say that trading is like a lot of things it takes a lot of study learning and hard work to become successful. In addition to this you have a psychological element present in trading that does not really affect you in other occupations that you need to learn how to deal with.

So with this in mind my advice would be to read and study as much as possible and always continue learning about trading. Secondly I would say don't forget about the psychology of trading which is a very important topic. Thirdly I would say make sure you spend at least as much time if not more working on your strategy for exiting positions and position sizing as you do for picking your entry points, and lastly my advice would be trade small at first, keep track of your trades in a trading journal, only get bigger slowly as your strategy proves itself in real trading over the long term, and make sure your profit expectations are in line with reality.

People certainly make money trading options so it is as good as any other market in my opinion and offers some advantages that others don't such as the ability to trade small. Keep in mind however that the ability to control a lot of a financial instrument with a small amount of money like you can with options is a double edged sword meaning that you can make money quickly but you can loose it just as fast.

Hope that helps. If anyone else has any other input on this topic or if there are any other questions please feel free to post them below.

Best Regards,

Dave

Thanks a lot for the feedback. I totally understand what you mean about psychology of trading... when I first started, I had no clue what I was doing and was taking guesses based on news of what would happen with a stock. It seemed to work for quite some time and then... the losses started to pour in..... an expensive lesson I would say. I took a step back and did a lot of research, testing, but it is hard to stop trading or pull out of a trade if you don't have the psychological element under control... if a trade goes against me, I try to limit my loss at 20% regardless, so that I can start clean.

Anyways, will be sure to spread the word on this great site!

All the best :-)

my pleasure and thanks for putting the word out about the site.

Best Regards,
Dave