What you have to know about options is in the articles: Options Notion, Options Notion- 2, Basic rules of options trading. What you have to do in order to make a good start is below.

A forex newcomer can barely find a trading technology that would guarantee revenues in all of his trading activities (except scalping, which will not provide high incomes). Even experienced forex traders have dramatic failures, even taking into account long term trading practice supported by a set of skills and knowledge, plus professional intuition based on long years of operations.

There is by the way one trading technique that may help a forex newcomer make a good start. This technique is called, “the noise trap”. All you need to start is a considerable amount of investments – not less than 2000 USD. This technique does not need any knowledge of technical or fundamental analysis that is important for a forex newcomer. The basic principle of this tactics is a paradox. “No matter when and how you open a position. What matters is when and how you leave it.”

The action plan is as follows. You choose a timeframe (1 – 2 hours) and open new positions in this time every day. You choose the positions to open and to close by chance. Once you open a position, you place a 13 point “take profit” and place no stop loss. No more actions are required for this position. Each day, if you see that some of the positions have been closed, you open new positions. If some positions “hang up” and it prevents you from opening more positions, you add some money to your account.

In order to do at least basic risk management you may choose a level that will be the edge level of the amount of money you decide to loose if it happens so. For example, if you invest 50 000 USD, you decide to loose not more than 7000 USD. Once you make your books, keep track of the situation day by day during one week.