Which broker allows to trade options instead of ETFs? I cant find any… and how to trade cryptos safely?
How to Trade Options in Australia?
Comments
Is options the same as saying buying stock in a company is that the property jargon / term?
I want to invest about $5,000 to $10,000 in one to three companies within the week what is the process or requirements I need to do or can I just sign up to one of the US options you put above and start buying them immediately?
Is there a limit or safe cap I should abide to or anything else important in this range I should know about.
I plan to hold the stocks for a minimum of five years and might even not withdraw until green years and only then a maximum of 33% of my initial investment.
Which app or website do you recommend the most for an Australian citizen to invest in one to three US stocks.
Thanks in advance.
Ding ding ding. I can hear the market top bell ringing all over this question.
https://www.ozbargain.com.au/node/525964#comment-8474184
hindsight can make us look pretty silly sometimes.
Yes, i remember mskeggs also posted on Mar. last year with cocky 1 liner confidence, saying to just wait and come back in 6 months when market bottoms
6 months later from Mar. , market hit all time high.
That comment was particularly unfortunate because the low was pretty much that day or thereabouts.
And I should apologise to mskeggs coz I share his sentiment to a tee. Both a year ago and today, lol.
It goes to show you can make sound judgements and look like a complete idiot, and you also get idiots here who look like complete genius’.
Love the markets…
@cloudy: I certainly believed the market would take a lot longer to get to a bottom. The week of that comment there were 10% daily swings in equities, which is unbelievable.
And I still can’t believe the value of equity markets. They aren’t underpinned by reality. What rational argument says the economy is better now than it was last January before a global pandemic?
But in 1999 you could be dead right about the Dotcom bubble, and still double your money before the crash.
I am extremely wary of any companies carrying debt in this market. When the bubble pops they will be in breach of covenants and will lose control of their balance sheet. The equity holders will wear the losses.
@mskeggs: I’m with you that there’s no rational arguement tbt the economy is better today than Jan 2020. But I’m sure you know the PV of any investment is under pinned by the anchor of Risk free Rate.
That’s the fundamental justification, if you’re looking for one, to why we’re near the all time high.
Yeah, bad call in retrospect. I was looking at banks but didn’t buy when I should have.
I was looking at banks but didn’t buy when I should have
I went index for super and personal investments, just to be safe. It was hard enough to muster up the courage when there was doom and gloom (I had to keep convincing myself that < 5000 was good value, which I had been wishing many times before Feb last year), let alone picking sectors or individual stocks.
In that comment op said they planned to invest in oil and gold futures. Oil went negative 3 weeks after!
Gold is down about $400 an Oz in aud since that comment.
It was a good day to be buying equities.
You realise that trading financial instruments is a zero sum game if it were frictionless, but it's not so it's a negative sum game? Plus, you're starting out so you'll mostly bear much of the negative sums.
i don't oppose people who want to gamble. As long as they understand that's what they're doing.
Gambling is putting your money in a home safe. You could get burgled
And it’s also gambling because you are predicting negative inflation, which it never isYou have a weird definition of gambling….
@cloudy: This is the response I expect from many. Try spending more time contemplating in life, than eating fried chicken
@Boogerman: When you really dumb it down or look at it closely every decision in life is a gamble or at least has an ongoing net effect.
Like what you eat or decide not to eat will ultimately affect you down the line so really anything and everything is a gamble just depends on how you look at it.
Doing veeeeeery well trading anything in the supply chain related to EVs or batteries
Everybody is. Anybody can make money in a rising market.
I said veeeeery
I have a friend in Korea singing the same tune. I’m waiting for them to switch to crypto as they are on such a high. They are talking percentage profits way beyond the long term expected norms. Their appetite for risk is way beyond what is realistic for long term security. Essentially day trading and nobody wins doing that forever. I just hold my tongue and smile hoping they will ask for advice when things START going south as they always do. If you want a good company may I suggest Mincor Resources. They have been my long term prediction in the space you refer to since they were 35c/share. I rode them up in the last mining boom. They have a good bit of upside yet at least 100% in the next 2 years.
@Boogerman: Been there done that, lost the lot. Even had 200k on margin trading just to adrenalise the high.
DON’T DO IT!!! They are rigged in this country. Go to the casino where the odds are better if you want that sort of risk.
The GameStop icon (DFV) just made $7m from his $12 call option!!
GameStop can hardly be used as an example of sound investing. It’s a lottery. Good luck to anybody who profits but you need to cash out to have profits.
I have an interesting read we can look at in private messages if you are interested in the next big boom.
Well I know or feel like it will go high my only worry is if it will be a 3x return or 50x return.
I'm not giving this one away freely to everyone though just those I like the comments and feel of hehehe.
For Australian options: Interactive Brokers, ANZ, CommSec, Westpac, CMC markets.
Australian options usually have awful liquidity/spreads, only a handful have decent volume.
For US options: Interactive Brokers, Charles Schwab, Tastyworks.
I think all of the above have options, but double check before signing up. Also good to compare their trade & FX fees - and look for reviews on reddit or somewhere!
For crypto derivatives trading and everything else: FTX.com or Binance.com - both have instant AUD PayID deposits.
FTX's transaction fees are usually cheaper than Binance's. FTX also has free withdrawals for everything but ERC-20 withdrawals. Which you need to stake 25FTT.
FTX 5% off transaction fees use referral: ftx.com/#a=OzBargain or ask a friend to send their referral code.
If you just want to buy/sell crypto and don't care about fees or any derivatives trading. The Australian exchanges: CoinSpot, CoinJar, CoinStash, and Independent Reserve.