Review of Getting Started in Options Book

I have been trading stocks for some time and gradually found that I can only make a profit in bull upward markets. So, I went searching if there is another investment instrument that can help me to profit more than one way or protect my stock position. Many people tried introducing me to Foreign Exchange (Forex) trading for no apparent reason. However, I found that it was just another base instrument, like stocks. I rejected many invitations to seminars where they will sign you up for a needless course. One day I came across Options Trading and was fascinated by it. I wanted to learn more about it and went cybershopping at Amazon.com and chance upon this book called "Getting Started In Options" by Michael C. Thomsett. In this book lie many hidden gems. In this book, you can find information about:

Assess your risk tolerance level and how best to include Options into your portfolio
Option terminologies, definitions, concepts, basic and advance strategies
Using insurance strategies in Options to hedge against losses in your stock portfolio
Practice trading using "paper trades" or virtual money to minimize future losses
Know where to find online resources and use it to your advantage
Understand the properties of Options e.g. strike price, expiration, intrinsic and extrinsic values to maximize profits
Buying and selling of Options and choosing the right stock to invest on
Calculate your returns

After reading this book, I found Options to be the investment instrument which I have been searching for for some time. I like to recommend this book as a must read for beginners who wants to start trading options but do not know where to start and do not understand how Options really work. The author takes a complex instrument and explains it in a very clear and easy to understand way. This book will give anybody a good foundation of Options trading in a short time. The many examples are designed to further illustrate the concept in a practical way.

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