Leverage is what separates us from the animals. Leverage is something we use every day.
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
In trading we use financial leverage. The most common ways to gain financial leverage are by using CFD’s and options. It is a way to gain larger exposure to an investment to get more bang for your buck. Obviously this increases the amount of risk you will be taking. You should only look at using leverage in your trading if you are very experienced at managing risk. There is nothing stopping you from having a go at a demo account though if you want to see what option trading is about for yourself.
With the recent developments in Bitcoin derivatives, it is going to make trading of options in Bitcoin much more accessible for traders. A recent article at Seeking Alpha explains the details See here.
I made a video to give an introduction to the CBOE options demo account. I placed a at the money $148 Dec 15 call option trade on QQQ on the demo account as an example. It made a gain of $4,670.00 in a few days with an initial outlay of $7,110.00 for the option contracts premium. It is a long dated option but you make your profit and sell it back to the market in a few days to take the profit on the change in the premium. See video here
This is the trade as proof. This shows that you can make good money trading options.
You can try a demo account for free. See here
Do you want to make money, or make excuses?