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By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW

The Volatility Index, or as it's more commonly known, the VIX, is the most powerful trading indicator for the broad markets. And it can be one of your greatest ways to leverage - and hedge - your portfolio.

But too many investors don't really understand how to use its power to their greatest advantage.

It's actually not too complicated once you understand what the VIX is and what it isn't.

The great news is I'll show you everything you need to know about trading the VIX like a pro in an incredibly simple and effective way, with a clear strategy and widely accessible tools.

I'll walk you through how to use this incredible trading tool to grow and protect your portfolio.

So, let's get started...

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