Learning how to trade options is not easy. It took our admins years to get as consistent at finding profitable options trades as they are now. A Discord Server is one of the best tools for learning how to trade options. Joining a Discord server is a great way to learn from experienced options traders and improve your own trading skills.
There are hundreds of Discord communities for options traders to choose from. These communities can be invaluable to an aspiring options trader and come at a cheaper cost than most courses, books, and mentorship programs.
What is a Discord Server anyways?
“Servers are the spaces on Discord. They are made by specific communities and friend groups.” – Discord.
To add some detail, Discord servers house a collection of private chat rooms where users of the server can interact. An options trading server is likely to have many rooms (called channels) within its server dedicated to a specific trading topic.
Generally, Discord servers have moderators so that each channel can be enjoyed by its users without fear of trolling, abuse, or other off-topic issues.
Although gamers primarily use Discord, it’s a powerful tool for options trading discussion because its features for communication are second to none.
The best options trading servers tend to be invite-only or charge a small monthly fee for access to weed out trolls and pay for the team who operates the community.
What are the benefits of joining an options trading Discord server?
For one, there are thousands of like-minded options traders on most servers who you can engage with. Discord is secure and user-friendly, which makes joining a server extremely positive.
Most options trading Discord servers include numerous investing features, such as trade alerts, educational resources, live chats, technical analysis, strategy guides, beginner advice, and mentorships.
Using an options trading Discord server is also great for socializing and making friends. Options trading can be a very lonely and isolated activity so hanging out with like-minded friends helps combat those feelings of loneliness.
Compared to any other resource, the wealth of information found in an options trading Discord is the best reason to join one.
How Do You Pick The Options Trading Discord Server That’s Best For You?
Picking the best Discord server for your needs can be tricky, but it comes down to a few simple rules.
1) Try a Discord server that offers a free trial. With many of the best options trading Discord servers charging a monthly fee, don’t buy before you try. A free trial will typically give you a week to use the features available to a monthly member before committing any money to the server. You can see the quality of the alerts, decide if you like the other users, and ask questions to make an informed purchase.
2) Try multiple servers. So long as there is a free trial, there is no risk to trying multiple options trading Discord servers. Many traders will join 3-5 of the best-looking servers and decide which one or two to stick with.
3) Pick the server that meets your needs. Some servers have more education than others. Some have better alerts. Some are designed for different account sizes. Make sure to pick the server that meets your specific needs.
I think you will find that joining an options trading Discord server is the best way to grow your knowledge and your portfolio but don’t just take my word for it. Give Max Options Trading a 7-day free trial and see for yourself.