Step-by-Step Tutorials
Practical step-by-step guides for successful options trading.
Buying Your First Option
1. Open and verify broker account
2. Enable options trading (knowledge test)
3. Deposit capital
4. Select underlying asset and strategy
5. Choose option (strike, expiration)
6. Place and confirm order
Selling a Covered Call
1. Buy 100 shares of the underlying asset
2. Select call option with strike above current price
3. Set expiration (typically 30-45 days)
4. Place sell-to-open order
5. Premium is credited immediately
6. Monitor position until expiration
Setting Up a Broker Account
1. Select broker (see Broker Comparison)
2. Complete online application
3. Verify identity (VideoIdent/PostIdent)
4. Provide financial status and experience
5. Apply for options trading
6. Account is opened (1-3 days)
Important Tips for Beginners
Education First
Learn the basics before investing real money. Use demo accounts to practice.
Start Small
Start with small positions and increase them gradually with your experience.
Trading Journal
Document all trades to learn from mistakes and repeat successes.
Risk Management
Never risk more than 2-5% of your capital in a single trade.
Learn this properly
Short lessons from the BeInOptions Academy — on exactly the questions this page raises. Free, and readable without an account.
What is an option?
If a tutorial starts too late for you, start here
Open the lesson →Types of Orders
Market, limit, stop: which order does what
Open the lesson →Build your trading plan
The plan every tutorial ends up inside
Open the lesson →The full curriculum — 119 lessons
Every lesson in the BeInOptions Academy, grouped by island. Each one is an article you can read straight through, with practice and a quiz after it. Free, and readable without an account.
Market Harbor
Market basics before options — prices, pips, spreads and orders.
- What is Forex?
- What is Traded in Forex?
- Buying & Selling Currency Pairs
- Market Size & Liquidity
- Ways to Trade Forex
- How traders actually profit
- Going long or short
- Measuring moves in pips
- Lots, Leverage, and Profit & Loss
- The Bid and Ask Price
- What is a Spread?
- Talk Like the Desk: Forex Lingo
- Types of Orders
- Order Types Cheat Sheet
- Practice with a demo account
- How your margin account really works
Trading Pit
Forex up close — when to trade, market sessions and market hours.
- Is fast money realistic?
- Forex Trading Sessions
- The Tokyo Session
- The London Session
- The New York Session
- Best Times of Day to Trade
- Best Days of the Week to Trade
- Forex Market Structure
- The Market Players
- A Quick Forex History
- Why Trade Forex?
- Forex vs Stocks
- Forex vs Futures
- The three types of analysis
- Swaps & the carry trade
Rookie Island
Meet options: calls, puts, moneyness and the option chain.
Volatility City
The Greeks — Delta, Theta, Vega and implied volatility.
Strategy Mountains
Spreads, condors, earnings plays and the wheel.
Options Master Arena
Risk, psychology and your trading plan.
- Psychological Levels
- Position sizing & risk per trade
- Managing trades: exits & rolling
- Trading psychology & discipline
- Build your trading plan
- Journaling & reviewing trades
- Top mistakes to avoid
- Stop-loss placement
- Build your own trading system
- Which type of trader are you?
- Scaling in & out
- Leverage without blowing up
Chart Cove
Read the chart — trends, support & resistance, candles and indicators.
- Reading a price chart
- Trends & trendlines
- Support & resistance
- Candlestick patterns
- Moving averages
- RSI & momentum
- MACD
- Volume & confirmation
- Fibonacci retracement
- Classic chart patterns
- Bollinger Bands & Stochastic
- Multiple time-frame analysis
- Pivot points
- A tour of advanced tools
- Trading divergences
- Elliott Wave theory
- Harmonic price patterns
- Heikin Ashi candles
- Price action trading
- Breakouts & fakeouts
- Market environment
Earnings Arena
Earnings, LEAPS, 0DTE and advanced plays.
Market Compass
What moves markets — macro, sentiment and your trading routine.
- What moves a stock
- The economic calendar
- Sentiment & options flow
- Sectors & correlation
- Building a watchlist
- Your trading routine
- Currency correlations
- The US Dollar Index (DXY)
- Reading positioning: the COT report
- Prop firms & avoiding scams
- Forex brokers 101
- Currency crosses
- Intermarket analysis
- Trading the news
- Macro fundamentals for FX
The Dealing Room
Where your order really goes, who prices it and who takes the other side.