The main mistake of people who've already tried online trading is that they mind of option trading to be simpler, than stock or forex trading. It's totally wrong, and to be successful your trading system should be really smart and reliable. But if you decided to start option trading, you will need to have a trading account with an options brokerage. Once you have setup your account, you can then place options trades with your broker who will execute it on your behalf.

There is usually a minimum deposit required to open an option trading account. The amount required depends on the type of account that you are opening as well as the brokerage firm. Little or no deposit is required to open a cash account while federal regulations require a deposit of at least $2000 to open a margin-enabled account.

To trade options effectively, I find it necessary to trade via an online brokerage account as there are simply too many variables in a typical options trade, as compared to a stock trade. Having to communicate too many details in one trade to your broker over the phone also increases the chance of miscommunication which can prove very costly.

With technology so advanced these days, online brokerages for options now offer highly intuitive user interfaces where it is far easier to place option trades online than having to do it over the phone. Moreover, while a human broker can only handle one client at a time, online brokerages can handle thousands of orders simultaneously. Thus, it is no coincidence that the rise of option trading also coincide with the rapid advancement of internet technologies.