The Oxford club is a highly successful financial organization. Its headquarters are in Baltimore, Maryland, and it has over 80,000 members around the world who turn to the club for financial advice.
The Oxford Club offers symposiums, newsletters and seminars related to financial matters and many other services to its members. It is part of the larger Agora business group.
Recently, Karim Rahemtulla, an options strategist for the Oxford Club, offered some advice over the Internet on how to set up an options stock trading account. The process is pretty simple, and Rahemtulla does a good job of breaking it down into manageable segments.
To get an options account, first an individual must have a regular stock trading account. From there, usually there is an online feature to add an options account. If not, or if dealing with an actual human is preferable, a stockbroker can assist.
The next step is to fill out a form or otherwise indicate what types of options you want. Rahemtulla recommends that everyone obtain long and covered call trading options because, in part, these are the easiest to qualify for.
Finally, for more daring traders, Rahemtulla explains how margin accounts work and how to obtain one. Essentially, having a margin account allows a trader to use less of their own money to do transactions; Rahemtulla feels that this is only a good option for disciplined and knowledgeable investors.
In general, Rahemtulla, as with other financial experts with the Oxford club, recommends having a clear strategy when trading. He counsels on how to avoid greed clouding judgement while investing.