In this article, we will find the best books on binary options and recommend trading books that best cover the subject. So whether you’re a beginner looking to learn the basics or an advanced trader looking for an in-depth strategy, we’ve got the book for you.
The field of binary options has attracted a lot of misinformation online from time to time, but fortunately the issue didn’t reveal the printed word the same way. Most books written on the subject are honest and explain binaries accurately. Of course, some books are better than others. Below we highlight the best books for traders at any given point in their trading journey..
Suggested reading
Binary Options: Fixed Odds Financial Betting – Hamish Raw
Hamish Raw is probably the main writer on this topic. This book is one of the clearest explanations of how binaries actually work, even though they were the first to become available some time ago.
The simplicity of binary is one of the biggest strengths of this book. From the start, he wants to show that anyone who bets on fixed odds sporting events like soccer matches or horse races is taking binary options by any other name. So the premise is that binaries offer an easy-to-understand way to effectively leverage market knowledge in a risk-limited environment.
Here, the authors determine the value of bets based on the range of ‘bets’ (or types of trades) that can be made over and over and the importance of ‘Greeks’ such as time, volatility and price.
So rather than simply “bet” binary options, this book uses the more easily understood “fixed odds” process of guessing the outcome in a relatively simple way, and shows how these ‘digital’ financial instruments work in practice.
Unmask Binary Options – Anna Coulling
For those who have only heard about binaries and want to delve deeper into the subject, this book is worth paying attention to.
“Are there binary options? ”: A simple question, but as mentioned above, with a large amount of inaccurate claims, the ‘Make Money Online’ headline and online misleading comments about the risks associated with this form of trading The statements in question may not be easy to answer.
Anna Coulling’s book is written from an open-ended but critical perspective and presents an “balanced and considered” view of the field. We provide early stage advice on how to use digital options and provide basic trading strategies. The book is also very helpful in pointing out the “trap of disrespect”. These are the various tricks that dishonest operators use to put novice traders into lies.
Overall, binary options as a concept are perfectly valid trading tools, but if not understood or used incorrectly, they can result in quick losses. This book will help readers get on the right track.
Making Daily Income in the Financial Markets: A Beginner’s Complete Blueprint to Trading Binary Options – Sid Bhattacharjee
Aimed at beginners, this book provides a personal and practical look at binaries as a trading instrument.
It provides data on the different markets that can be traded and even contains passages on how to get into the right frame of mind for trading. One important topic or trading tool offered is the “Four-Week Action Plan” for new traders. We offer advice on platform selection, test drive or demo account advocacy before you start trading real money.
Candlestick Chart for Doll Russell Rhoads
The books in this popular series provide a great ‘item level’ introduction to just about any subject imaginable. In the past, many readers have probably seen the book For Dummies. Dividing simple text into bite-sized chunks and lots of diagrams, this series of instruction manuals always delivers.
Apart from this topic, there are other things that will benefit the series. This includes technical analysis for dummies and currency trading for dummies . Dedicated exclusively to candlestick charts, this book is perfect for anyone having a hard time figuring out this particular area of analysis.
Candlesticks are an information-dense and highly useful means of identifying trends, providing traders with details about open and close prices, highs and lows, and full ranges. They are an integral part of a trader’s knowledge base, especially for binary traders.
This guide explains how to construct candlestick charts and how to read them. We show you how to spot bullish and bearish markets, how to avoid false signals and where to combine these indicators with different ranges. Our chart page explains the basics of candlestick charting.
Understanding Company News: How to Interpret Stock Market Announcements – Rodney Hobson
Almost all of the best binary options trading platforms provide alerts, so market news is posted directly to your platform. These updates may include news relating to a particular company, possibly annual results, stock buying activity, merger and earnings announcements.
Those unfamiliar with the market and how the company operates can easily dismiss this type of data as ‘noise’. However, these periodic reports and official announcements can act as binary options trading signals. That’s because numbers that are stronger or weaker than expected, at least for these companies, can in and of themselves generate large declines in asset prices or even profits. Some may even directly affect commodity or forex prices beyond stock prices. For example, Google’s tax issues with Ireland affected all sorts of sectors.
So how can traders make sense of these events? This book provides a thorough grounding. While the main point concerns UK companies listed on the London Stock Exchange, the broad principles apply to global stocks in global indices.
This book provides background information on how, when, and why companies are legally required to disclose certain data. We then provide an overview of all the day-to-day statements the company will need to issue. It also features a very useful jargon buster. Indeed, the book shows what types of announcements are likely to affect stock prices and in what direction.
All of these books deal with binary and digital trading in an open, honest and transparent way. If any book hints at ‘get rich quick’ marketing or suggests that binary trading is an easy route to profit, miss it. Binaries, like any other trading method, requires trading and understanding. We hope our recommended books will be helpful to our visitors.
Binary trading ebooks
Like any part of online marketing, eBooks are full of misinformation. A few brokers have written e-books that are particularly informative and informative, but generally written for users of a specific platform. They are more of a ‘how to’ guide than a general view of the subject.
As such, there are not too many independently written e-books that provide an unbiased view of the industry. When looking at strategies, short e-books are very useful, but generally fall below the level of published books when it comes to full binary options introductions.
Therefore, we encourage those who want to learn the subject to find the ‘real’ book or download the electronic version of the above recommended title, rather than trawling for e-books all over the web. When I find an e-book of sufficient quality, I post it here.
