You'll need to provide a potential broker: Investment objectives. This might consist of income, growth, capital preservation or speculation. Trading experience. The broker will wish to know your knowledge of investing, for how long you've been trading stocks or alternatives, the number of trades you make per year and the size of your trades.Have on hand your liquid net worth (or investments easily cost money), yearly income, overall net worth and employment details. The kinds of choices you desire to trade. Based on your responses, the broker usually designates you a preliminary trading level (usually 1 to 4, though a 5th level is ending up being more typical) that is your key to positioning specific kinds of options trades.