No point trading options in Australia on Australian equities as there isn't enough volume. Interactive Brokers is an excellent broker for trading US Options and Futures and even Forex. You can also purchase Australian shares if you want to.In course of my search, I landed in this thread. Tastytrade, without doubt, is one of the best source of information and education on options out there in the internet. But it is always recommended to come up with your own strategy for several reasons, one of them being, their own mechanical best testing results showed a much inferior result with what they have been teaching compared to what some other traders came up with.
Among the options brokers available for Australian traders, I found OptionsExpress to be the best as none others are taking Australian customers. I had an account with ThinkorSwim, I still have it but can't trade as they declined to accept fund! Tastyworks is not open to Australian customers as yet. OptionsExpress is OK, not the best in terms of the trading tools, but they got better with much reduced commission last month and some basic tools, good enough for me.
Wondering if there is any Australian options broker who offer any better tools compared to any of these American brokers? I don't trade AU options though, but keen to find out.
Thanks,
Sid
PM me - we have a way around this.
We will be on Tasty works before the end of the month !
Just a quick thank you to all that did contact me ....there were far more of you than I thought, here in Oz...so it is great that we can all get together on a seperate forum....
Hey - new to this Forum but just wondering if you have created a separate forum as mentioned above...
What do you mean am I a Tasty Trader? I follow their principals and watch their videos but have only been paper trading for a month. I have been selling covered calls with IB on the TWS platform in US stock markets for about 6 mths and I'm ready to move on due to the large amount of capital required.Are you a tastytrader, Juls67?
PM me, I am interested!PM me - we have a way around this.
We will be on Tasty works before the end of the month !
I am also very interested in opening an account with them, and also a resident of Australia. I need to know how if there is a work around? Please PM me! Tastytrade.com = great content!
Hello All and WT,
I am too interested in opening an account with them. BTW, just a quick question re options trading with OptionsXpress as of recent (Charles Schwab), can anyone here who has used their system tell me whether their platform is good?
I currently just trade options on asx with CMC and want to look into trading options on us markets too.
Thanks
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