Best book on binary options
This book has been around almost as long as the binary options as a trading instrument itself, yet it remains one of the clearest explanations of how binaries work in practice. For the author, the simplicity of binaries is one of their greatest strengths; right from the outset, he is keen to point out that anyone who bets on the likes of the Grand National or Kentucky Derby is taking out a binary option, albeit in a different name — that of a fixed odds bet.
In theory therefore, binaries offer an accessible way to put market knowledge to work — in what ought to be a limited risk environment. Far from dismissing the fact that binary options are, in effect, a form of gambling, this book is refreshing in that it embraces the language of betting to explain — in a relatively simple way — how this financial instrument works in real life.
Aimed at newcomers, this book provides a personal and pragmatic overview of binary options as a trading instrument. It provides information on the various markets available and also includes insight on how to get into the right frame of mind for trading. It gives tips on choosing a platform, starting off with a trial run, before graduating to trades with real cash. With simple prose broken down into bite-size chunks and plenty of diagrams, this series of instructional manuals rarely disappoints.
This volume, dedicated solely to candlestick charting, is a good read for anyone who might be struggling to get to grips with this particular area of analysis. Candlesticks are information-dense, highly useful means of identifying trends, providing traders with details of opening and closing prices, highs and lows and overall range — often over very short timeframes. This guide demonstrates how candlestick charts are constructed and how to interpret them.
It shows how to identify bullish and bearish markets, how to avoid false signals and how to combine candlesticks with a range of other indicators. Frequently, this includes news relating to specific companies, such as annual results, share buying activity and profit announcements. Yet quarterly reports and various other company news can act as valuable binary options trading signals; not least because stronger or weaker than expected numbers from big companies can in themselves trigger significant drops or gains in share prices.
These books all cover binaries and digital trading in an open, honest and transparent way. Binaries are a form of trading just like any other, they need learning and understanding.
Hopefully our recommended books can help our visitors do that. While several brokers have notably written some good, informative ebooks, they are generally written for users of a particular platform.
There are therefore, not too many independently written ebooks that offer an unbiased view of the industry. When looking at strategy, shorter ebooks become very useful, but as an introduction to binary options as a whole, they generally fall below the level of published books.
When we find an ebook of sufficient quality, we will of course publish it here. Advanced traders will get a lot from this book. It explains exactly how to judge value and therefore find those trades with positive expectation. This books is best for traders who are curious about binary trading and want to find out if it will suit their investment needs.
Squarely aimed at beginners. Combined with a demo account, this book is a good starting point for a beginner or someone new to trading generally. This series generally caters for beginners in whatever subject it covers. This book would however, also appeal to more experienced traders as the subject does move into more advanced areas.