BIRMINGHAM, Mich., Aug. 25, 2015 /PRNewswire/ -- Benjamin Graham, the economist known as the "Dean of Wall Street," believed that an investor's "chief problem—and even his worst enemy—is likely to be himself."
Rich Monkey plans to address that problem through its options trading educational service, which launches September 1, 2015.
"Investors can profit substantially by trading options, but only if they learn how to trade like professionals, otherwise they risk losing their entire investment," says Rich Monkey founder Mark Benning.
According to a study of the investment performance of active investors and day traders published in the Journal of Finance, on average, 80 percent of active traders lose money. Furthermore, it found that a mere 1 percent of active traders are predictably profitable.
Benning believes Rich Monkey's options trading strategies can boost profitability because, as he says, they're simple, professional and reliable.
According to co-founder, Paul Dziepak, "Rich Monkey provides clear and concise explanations for all entries and exits of every options trade made. Plus, investors are following experienced options traders. The stock market moves up and down and is impossible to predict. The only reliable thing is the passage of time. Rich Monkey takes this consistent element of options and creates options trading strategies to profit from it."
ABOUT RICH MONKEY
The founders of Rich Monkey met while working at a large New York investment bank. Both have since moved on and now trade options as their primary source of income. Rich Monkey provides the resources to learn and see what a professional options trader does. All options trades made are the actual trades in the personal options trading accounts of the founders. Go to www.richmonkey.net for more information.
CONTACT: Mark Benning, Email, 650-283-6188
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SOURCE Rich Monkey