PowerX Optimizer Review: Worth the Upfront Cost?
October 25, 2022 (Investorideas.com Newswire) If investing in simple stocks has lost its allure, then you might find yourself considering options trading instead. After all, having the ability to lock in a price seems nearly unrivaled in the investing world. Of course, like any type of investing, you'll still need to make educated, data-driven decisions if you want to succeed in the long run. For someone who's never traded options before, this task could seem daunting. That's where services like PowerX Optimizer can come in to help you secure consistent gains!
What is PowerX Optimizer?
PowerX Optimizer is a web-based options trading software program created by Markus Heitkoetter-a former IBM employee-under the company name "Rockwell Trading Services LLC." Since the software can be accessed using nearly any web browser, investors can use PowerX Optimizer on nearly any desktop, laptop, or mobile device. Updating every two minutes, the software analyzes over 12,000 different stocks, ETFs, and cryptocurrencies in real-time to provide users with the most up-to-date information and recommendations for their trades. You can export and auto-populate trades into your choice of online brokerage, track your transactions, backtest your systems, filter through stocks, and more using this software!
Although newer investors may get somewhat confused while reading through this PowerX Optimizer review, we want to make one thing clear: both complete beginners and experienced novices can use PowerX Optimizer! The official website provides some educational material for new traders, although not as extensive as the guidance offered for free by Option Strategies Insider. More informed investors will be able to take advantage of the PowerX Optimizer software right away, using the platform to reduce their time spent looking for the best options.
There are two different strategies you can use with PowerX Optimizer: The Wheel Strategy and The PowerX Strategy. The former works best with a minimum of $20,000 to invest, whereas the latter can still produce impressive results with limited capital. Regardless of which strategy you choose, it's important to note that PowerX doesn't actually make the trades for you. Instead, it exports and prepopulates orders on your chosen brokerage platform.
With the Wheel Strategy, you sell put options until you're assigned 100 stock shares. From there, you sell call options until the contracts are terminated (and collect any applicable dividends). Guided by the data provided through PowerX Optimizer, you repeat this process and watch your money grow over time. Contrarily, the PowerX Strategy focuses primarily on taking advantage of short trends in the market to maximize profits.
Plans & Prices
We haven't mentioned pricing in this PowerX Optimizer review yet and for good reason. You see, PowerX Optimizer doesn't offer plans or subscriptions like many other financial services. Instead, a single one-time payment will grant you lifetime access to the software! This payment method will end up saving you a lot of money over time, but the upfront costs might be too much for some. So, before we tell you the asking price, let's take a look at a similar service: Motley Fool Options.
Motley Fool Options also offered options trading guidance. Currently, a yearly subscription is priced at $999. On occasion, the company has lowered the price of this plan to $899 per year as a promotion. However, this promotional price only lasts for the first year; the price will jump back up to $999 the following year.
As mentioned above, PowerX Optimizer doesn't offer any subscriptions. Once you pay, you're set for life! However, you will need to pay $3,997 for instant lifetime access to the software, which is equal to roughly four years of Motley Fool Options. As you can see, this investment becomes more reasonable with time, but the upfront costs can be quite formidable. Fortunately, we've included a link-at the end of this article-that will allow you to instantly save $2,000 when you purchase PowerX Optimizer!
A Simple Summary
We've covered many different points in this PowerX Optimizer review, from services and strategies implemented to the infamous one-time software charge. PowerX Optimizer is no doubt an invaluable tool for options investors as it greatly reduces your time spent researching by using near-live data to help with stock selections. It even has the ability to export and prepopulate trade data with your favorite brokerage, allowing you to complete time-sensitive trades with ease.
If you don't anticipate trading options in more than two years, alternative services could provide a better value for you as the upfront costs are lower. However, if you're in it for the long haul, we definitely recommend PowerX Optimizer. Having lifetime access to this premium software is an investment that will surely pay for itself! Of course, there's no reason to pay more than you have to, so use our exclusive link to instantly save $2,000 off the asking price. You'll also gain access to a small variety of resources, including live training, classes, and more. Click here to get started!
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