Frequently Asked Questions

• What if I don’t trade options?
• What if I only have basic knowledge about options?
• Do I need OptionVue software for this?
• What markets do you cover?
• What kind of support do I have?
• How many recommendations do I get?
• Can I use you as a broker?
• How much do I need to start trading with?
• What if I need more information on Auto-Trade?

What if I don’t trade options ?

Try WiseReport auto-trade. All the work is done for you. If you have never traded ETOs (Exchange Traded Options) before, please consider that it’s not about the instrument traded, it’s about your ability to consistently profit from the markets, whatever security you trade. Go and look at our trade results. If you can not match them, please consider giving us a try. If you have a problem that is stopping you, email me direct and I will try and help you in any way I can.

What if I only have basic knowledge about options?

WiseReport conducts extensive education seminars, ranging from free presentations over 6 hour courses, to our two day trading seminars. Go to our education page and have a look.

As a guideline for how to trade with WiseReport, we have put together the WiseReport Bought Options Guide, and the WiseReport Spread Options Guide, which explain in detail how to get the most out of the services. If it all sounds too complicated to you, maybe take a look at trading with WiseReport auto-trade.

Do I need OptionVue software for this?

No, the WiseReport service is a stand alone product. However, trading is about becoming independent, so we do recommend OptionVue 5 as the best options analysis software we could give you access to. If you want to become a professional trader you need professional level tools. OptionVue 5 is the answer.

What markets do you cover?

We endeavor to deliver a minimum of four recommendations per month on ASX and US markets. The style of analysis used by WiseReport lets the market dictate the number of recommendations. Hence the ASX due to its size and activity may produce fewer recommendations than the US. Normally 85% of our trades are US based.

What kind of support do I have?

Please note, that we are NOT permitted by law to answer any questions that relate to an individual’s trading strategies or personal circumstances.

How many recommendations do I get ?

We guarantee 45 issues per year with a minimum of 1 recommendation per issue.

Can I use you as a broker?

No. Options21 and its WiseReport service are licensed to provide you with General Securities Advice, and is not a broker for any financial trading instrument. We can recommend a number of brokers and dealers though, that will fit the level of service you require. Options21 and WiseReport receive no financial benefit from recommending any service provider. We like optionsXpress Australia for their comprehensive website facilities and their ability to execute orders on both US and ASX markets.

How much do I need to start trading with?

This is dependent upon your individual circumstances and objectives. You should never risk capital, that if lost will affect your lifestyle. We recommend that you seek advice from a licensed planner or advisor before undertaking any trading activity. optionsXpress require no account minimums.

What if I need more information on Auto-Trade?

For a complete online explanation on everything to do with auto-trading, signing up and specifying settings, the optionsXpress Australia website at http://www.optionsxpress.com.au contains a comprehensive "FAQ" section. We recommend that you thoroughly explore the topics under "Xecute (auto-trading)" and "Xecute Settings". Alternatively please call optionsXpress on 1300 781 132 (Mon-Fri, 9am-5:30pm, AEST) for more information.