It does not appear that special education is indicated to begin option trading. Though it does appear that there is information out there and available to learn terms and basics to trade options.

I advise you to visit http://www.theoptionsguide.com to learn about the various trading strategies and how they work before starting to trade options with your hardearned money. There are many strategies in options trading which requires a significant amount of education to understand and employ. It is not rocket science but does require one to spend some time to learn to trade effectively.

You should continue saving your hard-earned money AND at the same time, you learn about trading and the proper ways to invest. In the beginning, you should investigate the different investments you have available to you or have an interest in doing. Make THE BEST investment you can: Invest THE TIME to educate yourself. Do on-line searches; read books; enroll in investing and finance classes; seek out and use mentors and coaches; ask Qs about those investments which truly interest you: stocks, options, currencies, commodities, bonds, etc. Once you have that knowledge, no one can ever take it away from you. In the beginning "newbie" traders & investors DO NOT INVEST any money. You should LEARN HOW: A] The stock market works. B] To invest in many, many various ways. C] To properly trade D] To properly manage the money in your trading account. Read the very basic books about what the different investments are, how each investment works and learning how to trade that investment. As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. Use an on-line investing site or an investment dictionary. There are also free sites where you can set up a virtual account & almost trade as though you were trading with real money. Since Google is providing the ads for this site, you can do a Google search for those. There are quite a few of them. You might want to try a few different virtual trading sites, THEN make your selection. You should stay away from "cheap"/inexpensive stocks. This includes "penny stocks" or "penny shares". In brief, any stock less than $15. Those stocks are far too risky. It’s better to invest the same amount of money in fewer shares of higher-priced stocks, instead of a whole lot of shares in the inexpensive stocks. A SIMPLER WAY TO TRADE: This is what I learned about the stock market and trading: 1] I read a little about the overall market and how it works. I read about different aspects: mutual funds, currency, commodities, stocks and options. 2] I asked Qs of my coaches and mentors; suggestions were made to me. 3] THEN I read and studied about those areas which interested me. 4] I concentrated on those areas which interested me and which fit the amount we had to work with. 5A] For those strategies I felt comfortable with, I developed trading rules. For those strategies I didn't know anything about, I developed some trading rules. 5B] I discovered I only needed trading rules for 4 to 6 trading strategies. 6] Using those rules, I paper traded. 7] When trades went against me - when I lost money - I adjusted or "tweaked" those rules for that strategy. 8] I paper traded - again and some more. I paper traded until the original amount in the account doubled. 9] I made further adjustments. 10] I’ll admit I didn’t do enough research for the right broker for our trading needs, wants or desires. However, the one we decided to go with is OK – but not the greatest AND definitely not the least expensive. Yet, the actual trading account was opened: As a speculator, with margin, with the approval to trade options. 11] Yes, it was VERY scary AND I was VERY apprehensive: BUT, I MADE THE BIG JUMP: Going "live" - in-the-market - with real money. I lost some money. NO ONE ever succeeds in each and every trade 100% of the time. A] BUT I didn't use the entire amount of the account's money on one trade. I learned HOW TO properly manage the money in the account. B] I lived to trade another day. AND I continue learning and living to trade other days. C] AND YES, I STILL have a few losing trades. BUT my winning trades are A WHOLE LOT more than the losing trades. In the U.S., there are a few requirements: 1] YOU NEED a broker who is familiar with trading options! You find out this information by going to different brokers' sites and looking at the FAQs. You are looking for a Q about an "Options Desk". You could also e-mail that broker to find out whether or not they are familiar with options. Most brokers know about "Covered Calls". This is a very basic options trading strategy. This is where a broker's knowledge about options is important: When you become familiar with Covered Calls, you MIGHT want to consider testing other options strategies. 2] To give yourself the most flexibility - without depositing the large amount of money you need to do day trading, active trading or "scalping": Here is THE KIND OF TRADING CCOUNT YOU SHOULD HAVE: You want to have a "speculative account" or you want to trade as a "speculator". with margin AND with the approval to trade options. IF you get any other type of trading account, you MAY BE restricting your ability to trade options. As far as the training to trade options is concerned: You can learn about trading options by doing a web search for "options education". Your broker might have education or training through paper trading on the broker's site. Before going "LIVE, in-the-market" with your real, hard-earned money, you should develop trading rules for yourself, follow them and "tweak" or adjust them. THEN you follow them; you should paper trade or virtual trade over and over and over and over and over - again and again and again. For your financial survival and the ability to "live to trade another day", THIS IS CRUCIAL: YOU NEED to discipline yourself about money management! "Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading hobby, avocation or career, he/she makes mistakes. BEFORE GETTING into any trade - real or paper/virtual: How much are you willing to lose on that trade? Once you reach that loss amount, you "pull the plug" and get the devil out of the trade! Don’t look back. Move on to the next opportunity. You do the same with how much you want your profit to be. Once you reach that amount - your "target", you "pull the plug" and get the devil out of the trade! In other words: Plan your trade. THEN trade your plan AND stick to it! Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 2 years. "THE University of Hard Knocks"

I think you should take join some options trading course, seminar before starting in. the 2 example sies are free for you to start: http://www.secretsofforextraders.com/ http://www.optionsscholar.com/index.aspx?page=membership