For most brokerage firms, the exams that are required of their clients consist of both simulated and true tests. The simulated ones are set up to test your knowledge on a particular topic. They also can be extremely helpful for the planner who is taking the exam for the first time. The true test of ability is the one that they put together themselves. Both types of reviews are useful to the more professional.
Many people ask, “Should I pay someone to do an advanced futures and options review for me?” The answer depends on what you want to learn. If the broker has prepared a review for you, then you might want to consider that as a possible option. Some brokers prepare a pre-determined number of review questions for you. Others will give you a book with multiple pages of exercises and questionnaires that you must complete. No matter what, you will probably find it to be of some help.
If you do decide to do a review for yourself, there are some important things to remember. First, you have to make sure that you understand every question on the exam. Many times the questions on futures and options are constructed in such a way as to confuse the average trader. Only those who thoroughly understand how the options market works can effectively take the exam.
Second, you will need to do more than just “quick reading” of the futures and options contracts. You will have to learn about spread betting and futures leveraging, commodities, foreign exchange, and futures & options trading in general. You will be required to do more than just take a quick look at an online quote and write it down. You will have to know how to interpret it and how to make use of it when you are buying and selling your future options contracts.
Third, once you have the advanced futures and options take my exam for me, you will still have to study. You can get a tutor, or buy books that will teach you the concepts. You can also join a seminar that will give you additional insight into the markets. There are also a variety of resources available online that will help you become an expert quickly. You just have to search around and find them.
Fourth, I recommend that you consider hiring a futures and options broker who are well versed in the markets you will be trading in. If you are serious about taking the advanced futures and options take my exam for me, you need someone with whom you can speak to on a regular basis. A futures broker is a word used to describe an individual who facilitates transactions between people. They will typically have their offices located in Wall Street, so that they can be reached when needed. Many brokers also offer online trading capabilities through their websites. You can use one of these if you want.
Fifth, once you take my exam for me, you will also find that you have a whole new world of opportunities opens up to you. You will probably start out as either a micro futures or micro CFD trader. As time goes by you will move up to macro futures trading, which involves the trading of massive quantities of stocks, options, commodities and currencies. Eventually you will open your own futures and options brokerage account. This will allow you to trade in all of the exchanges and markets that are available in your area. With that in mind, you can see that being a futures and options broker opens up a lot of doors.
