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Andrew
Semple holds a Bachelor of Applied Science degree from the University of
Southern Queensland, majoring in Geology, as well as a Bachelor of Commerce
degree from Bond University, majoring in Marketing and Finance. Andrew
taught Investment Analysis &
Management, a core subject from the Bachelor of International Finance
degree, at Griffith University Gold Coast, in 2002. He
writes the "Your Options"
column that appears each Monday in the Gold Coast Bulletin newspaper and
regularly contributes option based trading solutions in the Weekend Financial
Review and appears on the CNBC's Australian Financial Review Market Wrap
program, aired on FoxTel and Austar. He
has developed three unique trading systems, Leverage
Option Trading, Leverage Momentum/High
Volatility Trading and Leverage
Portfolio Management. Andrew has also designed and written several
sophisticated option calculators. He
as a Private Client Adviser, Authorised Representative, has level 1 and 2
derivative accreditation and is registered by the ASX as an approved derivative
adviser. Andrew is also a practitioner member of the Securities and Derivative Industry Association (SDIA) and is an active options trader.
INTRODUCTION This
book is about building wealth and investing your money wisely. It is not a book
providing “get rich quickly”
schemes. It will provide you with a practical guide in plain simple English on
how to “get wealthy slow”. There
is just one problem – where do you start? The are some many paths one can take
– Residential Property, Fixed Interest, Managed Funds, Direct Shares, First
Mortgage Funds, it just goes on and on. What do you do? This
book is here to solve that problem. However it will do more than show you where
to begin, it will put you on the path to financial freedom and guide you along
the way. I also wrote this book because many retail traders have increasingly
turned to using exchange traded options as part of their strategy to build
wealth. Like many things that are different and unique, using options has also
drawn out many people who claim to be “experts” in the field. Unfortunately
for many retail traders, their investment experiences have been devastating and
wealth destroying due to these so-called “experts”. Every weekend in every
major newspaper there are people who advertise wealth seminars and as part of
their seminars they introduce topics like “renting shares” and “investing
with 100% protection”. These people are really in the business of making money
through grossly over inflated “education workshops”. They neither have a
license nor the real experience to educate retail traders, yet people hand over
many thousands of dollars to “learn” these so called secrets that the
wealthy only know how to use. Understanding how options work is like learning to ride a bicycle for
the first time – it can be difficult. But with a desire to learn and a little
effort, understanding how options work is easy, just like riding a bike! Education
is the key to smart decision-making. Learning about markets and risks improves
your chances of success and makes you a wiser trader. Wisdom translates into
profits more often than ignorance does in any market. You
probably have heard people say the options market is “too
risky” or “too complicated”.
Certainly, aspects of options investing can fit these descriptions, but so do
aspects of virtually every form of investing. The
way that you go into the options market should be determined by your own
personal profile as an trader, including the kinds of risks you are willing and
able to take on. If
upon learning about options you decide that the market is not right for you,
that will be an informed decision rather than an opinion without basis.
Rejecting a potential market without first learning about the risks and rewards
is a lost opportunity. Options
are subject to their own set of rules. You might ask, “Why
don’t more people take part in options trading?” There are three
answers. The brief history of the options market has kept it out of the public
eye, the majority of private client advisers do not have level 2 derivative
accreditation and the language of options is highly specialised. When language
is overly technical, it is easy for the average person to feel alienated and
intimidated. One
of the features of Options Made Easy is
that it clearly explains the options jargon. Author’s Note: This book is best read in conjunction with the “Options Made Easy” educational video program.
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