In , on a bet, Dennis trained 23 individuals off the street to religiously follow a set of trading rules. His point was to provide that discipline was the key to trading success. All but 3 of those beginner traders made over % return their very first year of trading and Dennis won his $1,, bet. This 15 video training series gives very specific options strategies that go beyond the simple calls and puts of basic options trading. >>More Details Lee is a successful stock options trader who began trading large cap stocks in before online trading was even popular. Options Millionaire board was born, and uranium-pinto-beans(UPB) was added as a moderator the following month. This proved to be a great win/win for the board, in that later that same year, as the markets were falling apart, UPB was able to document a modest $ starting point into just under $50, fye Mar 15, · HOW TO BECOME A MILLIONAIRE TRADING STOCK OPTIONS. Many folks wonder How to become a millionaire or How to become a billionaire – however, for most this is more of a wish than an achievable goal. Since they don’t know how to become a millionaire, they buy lottery tickets in the hope that Lady Luck will smile on them and make them a millionaire. Currency trading is not an easy way of making money and making a living. It is the same with the stock trading and all the other kinds of tradings and investments. To make money consistently through Forex trading and maybe to become a millionaire finally, you have to pass some important stages.
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Many folks wonder How to become a millionaire or How to become a billionaire — however, for most this is more of a wish than an achievable goal.
Unfortunately, the chance that one will become a millionaire by winning a lottery ticket is very, very tiny — something in the order of 1 chance in a few million — this is in fact stated by the Lotto agency in their disclosure the tiny print. A more practical way for the average person to become rich, and even become a millionaire is to take matters in their own hands and do so themselves.
They must take the trouble to learn how to become a millionaire! While there are many ways one can accumulate wealth and become a millionaire, most millionaires today are people who created their own wealth rather than having inherited it from their family.
There are two most common ways that folks can generate wealth are having a business of their own or investing and trading in the financial markets.
Laurie Itkin Made a Million Before Becoming The Options Lady
On this website, I discuss how to become a millionaire by investing in the stock market and options trading. Although, those who are successful in investing and trading should seriously consider setting themselves up as a business, so that they can get the multiple tax benefits that business enjoy which common folks do not.
One of the best ways to succeed at investing and trading is to find a role model to follow. Find someone who has achieved the goals that you want to achieve, and follow the path that they followed — an even better way is to seek out a mentor who can guide you along the way.
Having a personal coach to teach one how to become a millionaire is one of the surest ways newbie investors and traders can enhance their likelihood of becoming successful themselves and becoming millionaires. One of the best known and most successful investors today is Warren Buffett , but he too started small.
He began learning about investing as a child and bought his first shares at 11 years of age! Over the years, his investing knowledge and prowess grew, and today he is reputed to be one of the wealthiest men in the world.
Can You Really Become a Millionaire from Forex Trading?
If you are ready to start your journey and learn how to become a millionaire, visit How to Learn Investing and Trading. For those who are already trading , I have one practical tip — this one again attributed to Warren Buffet. Warren Buffett is quoted to have said that there are only two rules to making money — i. Never lose money, and ii. Never forget Rule number 1.
One of the commonest ways all options traders lose money is in the bid-ask spread see Why Liquidity is Important , so it stands to reason that if one only trades options with tight bid-ask spreads, one will lose less money. Importantly, companies of stock option chains with the tightest bid-ask spreads are also the ones that are sought out by most investors and traders because they are in the news and have the potential to make a lot of money.
Four Multi-Millionaire Traders Share Their Thoughts On Trading
The table below has examples of options of stocks and ETFs with over 30 days to expiration yet have bid-ask spreads of 3 cents or less. Remember — it does not matter how much money you have right now, if you commit yourself to becoming a millionaire — you can!
Warren Buffet started with 3 shares at the age of 11 years. The most important step is to get started — if you complete the three simple steps in How to Learn Investing and Trading , and you will set yourself on the path to financial freedom — to become a millionaire! Happy Trading!
Learn how to trade stock options successfully using the 1-2-3 method
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Options with Penny Bid-Ask Spreads Remember — it does not matter how much money you have right now, if you commit yourself to becoming a millionaire — you can!
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