In this article, we try to find the best books on binary options and recommend trading books that we think cover the topic in the best way. So whether you are a beginner looking to learn the basics, or an advanced trader looking for in-depth strategy, we have a book for you.
The binary options field has at times attracted a lot of misinformation out there, fortunately that issue hasn’t tarnished the printed word in the same way. Most of the books written on the subject are honest and accurately describe binary. Of course, some books are better than others, and below we highlight the books that we think are the best for traders at particular points in their trading journey.
recommended reading
Binary Options: Fixed Odds Betting – Hamish Raw
Hamish Raw is probably the leading writer on the subject. This book was written a while ago, when binaries were first made available, but is still one of the clearest explanations of how binaries work in practice.
In this book, the simplicity of binaries is one of their greatest strengths; from the outset, he was keen to point out that anyone betting on a fixed odds sporting event, like a football match or horse racing, is offering a binary option – albeit under another name. The premise, then, is that binaries provide an easy to understand way to put market knowledge to work – in an environment of limited risk.
From here, the author then goes on to explore the range of ‘bets’ (or types of trades) that can be made and the importance of the ‘greenhouse’ – i.e. time, volatility and price – in the end. resulting in the value of that bet.
So no need to write down binary options as merely an online bet, this book simply uses the easier to understand fixed odds process of how to speculate on the outcome – in a way relatively simple – and demonstrate how these ‘digital’ financial instruments work in practice.
Recommend for:
Advanced traders will get a lot out of this book. It explains exactly how to evaluate value and thus find deals with positive expectations.
Binary Options Revealed – Anna Coulling
For those who have only heard about binary, and are considering delving deeper into the subject, this book is worthy of attention.
“ Are binary options for me? A simple question, but as mentioned above, given the high number of incorrect claims, ‘ make money online ‘ and false claims online about these options. Risks associated with this form of trading can be a difficult question to answer.
Written from an open-minded – but critical eye – Anna Coulling’s book offers a balanced regime and is seen as the form of the area. It provides early stage advice on how to use digital options and then lays out some basic trading strategies. This book is also very good at pointing out the traps for the unlucky: various tricks used by dishonest operators to trap novice traders with false pretenses. wrong.
Overall, the view is that binary options as a concept are perfectly valid trading instruments – but they can also lead to quick losses if they are not understood or used incorrectly. This book will help keep readers on track.
Recommend for:
This book is best for traders who are curious about binary trading and want to find out if it suits their investment needs.
Generate daily income from financial markets: complete blueprint of binary options trading beginner – Sid Bhattacharjee
Aimed at beginners, this book provides a personal and practical view of binary as a trading instrument. It provides data on the different markets that can be traded and also includes paragraphs on how to enter the right frame of mind to trade. An important topic, or trading tool provided, is the 4-week action plan for new traders. It offers advice on choosing a platform, favors a trial run or a demo account before switching to real money trading.
Recommend for:
Aimed for beginners. Combined with a demo account, this book is a good starting point for beginners or newbies to trading in general.
Candlestick chart for dummies Russell Rhoads
This hugely popular series offers a great ‘entry level’ introduction to almost any audience imaginable. Many readers will come across the books For Dummies in the past. With simple text broken down into small sections and lots of diagrams, this series of manuals always delivers.
In addition to this topic, there are other topics that will help, including Technical Analysis for Dummies and Currency Trading for Dummies . This volume, dedicated solely to candlestick charts, is a good read for anyone who may be struggling to grasp this particular area of analysis.
Candles are information-dense vehicles that are useful for identifying trends, providing traders with details on opening and closing prices, highs and lows, and overall range – often within timeframes. very short time. They are a staple of any trader’s knowledge base – especially binary traders.
This tutorial explains how candlestick charts are put together and how to read them. It shows how to look for bull and bear markets, how to avoid false signals and where to combine these indicators with a range of others. Our Charts page also explains the basics of candlestick charts .
Recommend for:
This series generally caters to beginners in any subject. However, this book will also appeal to more experienced traders as the topic moves into more advanced areas.
Understanding company news: How to interpret stock market announcements – Rodney Hobson
Almost all the best binary options trading platforms will issue an alert, so market news is posted straight to the user’s platform. These updates may include news regarding specific companies, possibly annual results, share purchases, mergers, and profit announcements.
For those who may not be familiar with how markets and companies work, it’s easy to dismiss this type of data as ‘noise’. However, these regular reports and official announcements can serve as major binary options trading signals; not least because being stronger or weaker than expected from these conglomerates could in itself create a large drop or increase in asset prices. Some can even outpace their direct stock prices, and affect commodity or forex prices. For example, Google’s tax issue with Ireland has ramifications across all sectors.
So how can traders make sure they make sense of these events? The book provides a thorough background. While the main points belong to UK companies listed on the London Stock Exchange, broad principles will be applied to global stocks across indices around the world.
The book provides a background on how, when, and why companies are legally required to release certain data. It will then continue to provide an overview of all the routine reports that companies are expected to issue. It also provides a very useful jargon buster. In fact, the book shows you what types of announcements are likely to affect stock prices – and in what direction.
Recommend for:
This is a useful resource for anyone who wants to trade binary options based on news events.
These books cover binary and digital trading openly, honestly and transparently. If any book starts suggesting ‘get rich quick’ marketing or suggesting binary trading is an easy way to make a profit – skip it. Binaries are a form of trading like any other, they need to be learned and understood. Hopefully our recommended books can help our visitors do just that.
Binary trading eBook
E-books, like some online marketing, have been inundated with misinformation. While some notable brokers have written some good, informative eBooks, they are usually written for users of a particular platform. They are more of a ‘How To’ guide than a general overview of the subject.
As a result, there aren’t too many independently written e-books that provide an unbiased view of the industry. When looking at strategy, short ebooks become very useful, but as an introduction to binary options in general, they often fall below the level of published books.
We would therefore recommend that those who wish to delve into the subject, look for ‘real’ books and or download electronic versions of the titles suggested above, rather than scouring the web for books. electronic. When we find an ebook of sufficient quality, we will of course publish it here.