That learning curve is not insurmountable, however, when you have a well-written options trading course under your belt. An option is a derivative because its value is based on that of the underlying asset. It is a contract that permits you to buy or sell the underlying asset, such as stocks and shares, at a pre-negotiated price on or before a set date. The option contract carries no obligation to buy or sell. The trader may simply allow the contract to expire and lose their investment. There are two types of options:
A ‘call’ option to buy A ‘put’ option to sell
The trading school also offers a great range on how these courses are delivered. You can choose either an assisted learning style, an assisted plus learning style or the standard learning approach for each course.
Price
How much you pay depends on which course you choose to take. For the basic program, the standard course learning style costs $123. This is a one-time payment made at the beginning. If you want the assisted course, you will have to pay $369, and if you want to take the assisted plus course, you will have to pay $899. The complete course is understandably more expensive. For the standard program, you can expect to pay $1,280 for tuition upfront. This can be broken down into monthly payments, but you will have to pay more if you choose this option. If you choose to pay monthly, the standard course costs $395 a month, making it $300 more expensive than the one-time payment. As for the shortened course and standard learning style, a one-time payment will cost $1,180 or $375 a month for four months. For the assisted program complete course, you can choose a one-time payment of $2,960 or $875 per month for four months. If an experienced student wants to opt for the shortened course, they can expect to pay $2,780 upfront or $825 a month for four months. Finally, for the most comprehensive package, you will be asked to pay a great amount of money for Kralow’s assisted plus services. For the assisted plus program complete course, you can either pay $19,980 upfront or $6,125 for four months. You will save a total of $4,520 if you make the one-time payment. For the shortened course, but with the assisted plus option, you can either make a $18,880 payment upfront or a payment of $5,845 a month for four months. If you are unhappy with any of the services offered, then the Thomas Kralow academy will refund any customers within 30 days of your initial purchase.
Structure, Content and Length
The basic program offers students 20 lessons, with 19 interactive quizzes and seven practical assignments. This is a program that takes place over 21 days and is a perfect introduction for absolute beginners. If you are looking for something more comprehensive, then the complete program offers much more depth than the basic program. There are a total of 202 lessons that are separated into 16 sections. As well as this, there are over 145 quizzes on the complete course that are designed to help you apply your knowledge to real-life trading scenarios. You can also challenge yourself with the 82 specific practical assignments. The complete course has excellent reviews and is considered to be the equivalent of a university-grade course. Like an undergraduate course, students who pass their final exams will receive a recognised diploma. If you do not feel you have the time to dedicate to the complete program, Thomas Kralow also offers a shortened program. It is very similar to the complete program, but it cuts out the tutorials from the first section that are designed for beginners. The shortened program is best for traders who have some knowledge prior to taking the course. As mentioned above, you also choose your learning style. The standard course allows students to interact with each other. There is also customer service support that is available for 24 hours, seven days a week. Those who are best suited to independent learning will favour this style. The assisted course included expert guidance from a Thomas Kralow advisor. You will not be left alone to work through the content, and you will get the help from someone who knows the course material well. This learning style is marketed as 60% independent learning and 40% assisted learning. Those who choose this learning style will also get access to 30 days of real money-trading support after graduation. The assisted plus course is the most expensive option, but it comes with all extra features, including access to the mentorship of Thomas Kralow. If you opt for the assisted plus course, you will spend 60% of your learning time under the personal guidance of Kralow. Only 10% of this course is spent independently. You will also get access to a range of other advisors. Extra features include comprehensive trading algorithms, a strategy proposed by Kralow, private communication with some of the best advisors available and a 20% discount on all other products and services.
Special Offers
Unfortunately, the Thomas Kralow trading program does not offer a free learning solution, as all the programs have been tailored either by himself or other trading experts. However, it is not uncommon that the Thomas Kralow academy offers discounts on their services. They offer a 50% discount with Black Friday deals. It is worth enquiring with customer service about any of the deals offered.
ProfitFarmers is the most unique trading bot on the list. It’s a trading platform that combines trade signals with copy-trading and advanced automation. So it’s actually much more than just a bot. It’s an all-in-one crypto trading co-pilot that does the hard work for you. Here’s how it works:
ProfitFarmers AI generates trading signals Its team of traders reviews the trades and sends the best trade plans to its members You copy a signal and adjust according to your preferences and risk tolerance You choose which features you want to enable (Laddering Mode, Break-Even Stop-Loss, etc.) The bot executes the trade for you
The ProfitFarmer’s algorithm dynamically scans the market 24/7 for trading opportunities based on dozens of factors, which are then sifted by professional traders before the trade appears in the dashboard for members to take. It’s a combination of AI and human intelligence. The result? 78% win-rate on completed signals. In 2021, completed signals resulted in a profit nearly four out of five times. Whether you are just starting out or already have years of trading experience, every trader can benefit from the simplicity and convenience the platform provides. You also get professional help through its crypto market analysis, trading education and a 24/7 customer support team. ProfitFarmer offers a free version of its platform, which means you have the chance to try and take advantage of its cool features without paying a cent. Some of the great features, like a moving stop loss and higher take profit targets, are locked behind a pro account. What are you waiting for? Sign up with ProfitFarmers now!
The UK Stock Trading Course comes endorsed by many industry experts and teaches you how to trade UK stocks. Michael Taylor is a well-known expert in the market and is often invited to speak at trading events and has written for the Financial Times. He has traded for a living since 2016 and set up the course in 2020 to fill the gap in quality trading education for UK stock traders. Michael offers plenty of free content for those interested in starting to trade UK stocks with books, video lessons and free tools. For those who want to progress to becoming a six-figure trader, he offers his paid tuition with The UK Stock Trading Course with 8+ hours of content. The course costs £597 and comes with lifetime access and all future content additions free. So far, the course covers:
How to setup and scale your trading business Risk management and effective position sizing Advanced stop loss strategies Reading Level 2 to get better prices How to use direct market access to beat market makers Finding and trading ‘in play’ stocks Profitable patterns backed by examples
It’s clear why Michael’s course is a top choice for many traders and his reviews are outstanding.
RM believes that anything can be easily learned, as long as you know the right approach. Its main goal is easy and understandable education. RM provides its users with online educational courses for forex, Options and Crypto trading with a bunch of interactive videos and tests and wants you to learn in an exciting way. RM’s live sessions are like watching your favorite YouTuber or Twitch streamer. But with RM you will learn how to trade, gain new financial knowledge and possibly improve your financial situation. Packages offered include:
All-in-One: $199.50 per month Forex package: $149.50 per month Options package: $149.50 per month Crypto package: coming soon
When purchasing a subscription you get full access to all the educational materials and features offered by RM.academy. For more experienced traders, RM.academy offers a referral scheme to allow you to bring in new clients, create your own network and receive partnership payouts from all your active referrals. As your number of active referrals grows, your level within the academy grows too. The higher the level, the higher your monthly payout. Each level has a fixed monthly payout amount of up to $1,000,000. Review Referrals section in order to have a better idea on how much exactly YOU can make! Or jump straight to creating an account and giving RM a test drive, before buying a package!
These free options trading courses come in three versions, beginner, intermediate and advanced. There is an overall course at each level, and courses on specific areas of options trading for each level of expertise too, such as Entries & Exits (beginner), Bullish Options Strategies (intermediate) and Portfolio Management (advanced). Each course is a series of video lessons, and if you like, you may progress from the beginner course to the intermediate and then to the advanced course. Each course varies in the number of lessons and length of course time. If you do not want to spend any money at this stage and are happy to work through the courses with no extra guidance, then the Option Alpha free offering may well suit you. However, if you want extra support, this is not the course for you.
Another online course that offers extensive knowledge on options trading, the Simpler Trading Options 101 course, is written by experienced trader John Carter. The course includes video lessons, recorded live trading, course slides and notes, and chat transcripts. If you want to learn from an experienced trading professional and you can afford the $497 fee, Options 101 may suit your needs. However, if you want a free or low cost course, Options 101 is not what you are looking for.
This online course is aimed at an intermediate level of trading knowledge and takes approximately 16 hours to complete. The course includes videos, reading materials, and graded assignments and quizzes. Successful completion of the course leads to a certificate. This course is ideal for intermediate level traders who want to improve their knowledge of options trading. However, if you are just starting out as a trader, this course is not for you.
SharperTrades offers four options trading courses at a beginner level which may be bundled together:
Understand options completely Basic stock options strategies Make and manage profitable trades Complete guide to stock options
Each course costs £13.99 (or equivalent) and includes on-demand video lectures and tutorials, articles, downloadable resources and full lifetime access to course materials. If you are a beginner to options trading, with a medium budget, and do not need support, then the SharperTrades courses are likely to be suitable for you. If you want a more advanced course, however, it might be best to look elsewhere.
This course consists of 11 video lessons. It is available once you subscribe to the Skillshare platform, offering the chance to return to the course material as long as your subscription is in place. The main benefit of this course is the availability of other trading courses on the Skillshare platform once you subscribe. The main downside is the limited educational material in this course.
This Udemy course, written by Hari Swaminathan, offers an extensive level of knowledge and specific zones in on call and put options. This online course includes on-demand video lessons and downloadable resources. The course is accompanied by a certificate of completion and lifetime access to course resources. There is also a more advanced options trading course written by Hari Swaminathan called Advanced Options Analysis
Written by trader Chris Douthit, Options Strategies Insider offers options training at all levels of expertise as part of a membership arrangement. There are four membership levels:
Free – Access to the beginner and intermediate options courses Executive – The above plus access to the advanced options course Ultra Lifetime
Whichever level of membership you choose, you also gain access to a multitude of resources and tools in addition to the courses. The courses include animated video tutorials and quizzes. The main benefit of learning through Options Strategies Insider is the opportunity to take up a trading membership that will offer you access to a whole host of resources and material, including a member forum. However, if you just want a course, then the Options Strategies Insider offering may be a step too far.
There are three main advantages to trading options instead of the underlying asset:
1. More Cost-effective
Purchasing an option will cost you less money than buying the equivalent amount of the underlying asset. For example, if you bought 100 shares priced at $25, you would pay $2,500. However, if you purchased an option for the same where the premium is $10 and the contract is for 100 shares, you would only pay $1,000.
2. Lower Level of Risk
Options trading can carry a lower level of risk because of the smaller investment (in comparison to buying an equivalent amount of the underlying asset) and the setting of the value to buy or sell at a particular price regardless of market behavior.
3. Higher Returns
The potential for earning a higher return is created by the simple fact that your investment in purchasing an options contract is lower. You spend less, so you put less money at the risk of loss. You might also be interested in The Best Stock Trading Courses
Covers the Fundamentals of Options Trading
Options trading can be a difficult topic to get your head around, so it is important that any course you take covers the basics of this form of investment. By the end of the course, you should be in no doubt as to exactly how options trading works, what the benefits and risks are, and how best you can use this strategy to your advantage.
Real-life Simulations
A real-life market simulation is an online tool that allows you to practice your trading skills without investing real money. The best options trading courses will offer access to real-life simulations so that you can not only practice your trading but also use real-life scenarios to understand how options trading fits in with trading in general.
Affordable
You will find both free and paid options trading courses on the market. As a starting point, you might like to choose a free or lower priced course to get your footing in the subject matter. If you feel you need to learn more after that, a higher priced course may offer further and more detailed insight.
Taught by Industry Professionals
A course taught by an industry professional, for example, an individual who is qualified to talk about the topic of options trading and also has experience in the area, is more likely to offer you the in-depth and informed knowledge you need.
Self Paced
As you will generally be fitting your course around your day job, it is probably more helpful to take a course that is self-paced. Only consider signing up for an options trading course that has a strict schedule and deadlines if you can adhere to them. Be realistic about how much study time you can commit to each week. It also offers newcomers complete training on option spreads and how you can integrate options trading into your credit spread. Option Alpha is one of the best comprehensive courses available as it offers three guided tracks that are catered towards beginners, intermediate-level traders and advanced operators. One of these is the SharperTrades LCC which has a total of 148,006 students enrolled in the program. Option Strategies Insider also offers a comprehensive beginner’s course for free. The Stock Whisperer is a community-based platform where users interact with each other on their trading information. Stefanie Kammerman, the founder of The Stock Whisperer, offers a two-week boot camp for anyone interested in learning trading from day-trading consultants. Another example is the London Academy of Trading. This offers free courses and specialist financial courses that will educate students on options trading. If you are looking to pursue trading as a career, the strongest route is through university programs dedicated to finance and economics. Richmond’s book aims to get readers into trading in the space of seven days. Another choice is Options as a Strategic Investment by Lawrence McMillan. This text is considered a classic in options trading and will give you some of the best insights into index trading options, market fluctuation and volatility, and information on hedge funds. However, if you are wanting to broaden your knowledge even further, Investopedia.com is a great resource to learn about stock trading and options trading. Stockbrokers.com also offers good popular guides and insightful reviews on some of the biggest trading markets. Forums like Quora and Reddit are also helpful as it is community-based information to which you can contribute. Its e-learning module is priced at $497, and you will learn about the fundamental concepts of options trading, including a two-day recorded live trading exercise. This will allow users to directly integrate the skills they have learned. Simpler Options 101 also offers a range of mastery courses so you can become specialized in one area. The users Projectfinance and 2ndSkies Trading are great for beginners and those wanting insight into market fluctuations. Sky View Trading is also a great resource because of its bitesize videos. You can jump in and out of different options trading concepts without having to stress about sitting for hours. They are mostly run by the content creator David Eaves who has over five years of options trading experience. The videos are tailored for beginners, and they are easy to follow. However, the content is limited. Skillshare’s videos on options trading are ideal for anyone wanting a crash course. For beginners, the best courses are ‘Options Trading in plain English for Beginners’ and ‘Options Trading for Rookies: Complete Guide to Stock Options’. If you are looking for something that caters to more specialized strategies the courses ‘Advanced Options Concepts – Probability, Greeks, Simulation’ and ‘Master Iron Condors – Double the Credit for Half the Risk’ are great for giving you that expertise. The right course will equip you with the level of knowledge you need to move into this area of trading. WikiJob does not provide tax, investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal capital.
