An options trading advisory service is a unique solution for both new and experienced traders with a desire to increase their wealth and their ability to have success in the market. These services provide education, support, and insight into trades based on specific algorithms and strategies which have been proven to provide specific ranges of profit objectives.
As with any type of advisory service, trust and understanding are critical. An options trading advisory service typically provides services for a set fee, which can be monthly, quarterly or yearly.
For this fee, the advisory service provides a specific number of trades per week meeting specific profit objective potential. They also give members buying these services a clear picture on what the member has to do, how long the trades will last, and how active the trader will need to be in following the movement of the market.
Mistake 1: Choosing Based on Fee Structure
Unfortunately, for traders shopping for bargain prices on an options trading advisory service, the potential for finding a trusted, reputable advisory is very limited. Top companies will be competitively priced, but they will also be clear on the minimum portfolio size for the specific plan, package or service the trader is considering.
Mistake 2: Not Researching the Company
Take the time to go online and find out about the company. Read reviews by current traders using the advisory service and also find out about the team, the founder and the philosophy used in planning strategies for trade recommendations.
The best services will also provide education, coaching, and support. This allows the trader to increase his or her knowledge and understanding of the market, which eventually leads to independent trading with confidence.
In researching the service, pay attention to the years in business and the number of traders using the service. Look for a service that is transparent in their goals to educate traders and to provide strategic trades on a weekly basis.
At Trade Genie, our goal is to provide the best options trading advisory service to educate our clients and allow them to become independent traders. To find out more about our serves, see us at mytradegenie.com.