Please explain to me Option trading. How do I start? How much investment I need? Where can I find resources?

Option trading is far too broad a subject to describe in any detail here. If you go to

http://www.888options.com/

and read the pages under "basic" and "advanced" you will uderdestand what options are and some of their characteristics. The pages under "strategies" will tell you some of the ways traders can use options.

If, after you have read those pages, you are still interested in options trading the best way to start is to read at least one good book about options trading.

The statements in a prevous response "Options are among the highest risk investments available." and "About 80% expire worthless." are not correct. While it is true you can make among the highest risk investments available with options, you can also use options to lower the risk in your portfolio. And while it is true that 100% of options that expire become worthless, most option positions are closed before expiration and do not expire worthless.

As for the size of investment required, I can tell you that Lawrence McMillan, an acknowledged expert on opions, when asked if $20,000 was enough to trade options, said no it was not enough. I can also tell you that many people try to trade with less than that amount, but few make money.

The best resource on the web is the Option Industry Council at the URL I supplied, but there are books available that give you much more information. I recommend "Options as a Strategic Investment" by Lawrence McMillan and "Options Volatility & Pricing" by Sheldon Natenberg.

Options are among the highest risk investments available. About 80% expire worthless. That does not mean that you can not make money. It just means that the odds are very much against you. Worse than Los Vegas. You start by opening an account with one of the on line brokers. OptionsXpress comes to mind immediately. If my mind serves me correctly that company only requires you to deposit enough to cover your purchases. It could be very little. Some options that are far out of the money are very low priced indeed. 5 cents a share. So you could buy an option for $5.00 plus commission. The commission would be more than the cost of the option.

I do not have an account at OptionsXpress but I do believe they have resources that will help you.

Some of the best places to find the answers you are looking for are going to be found at your local community college. You don't have to be a student to ask questions about the courses and instructors plus you can also get information about the actual subjects you have questions about.

My advise... go back to school for a little re-education plus you will get more information than you started out with.

be ready to loose your money