Binary Options Books
One of the things that traders who intend to profit from the binary options market must do is to study the market and everything about this market. Studying can be done in various ways given the technology we have at the average Joe’s disposal, but there is still no substitute for studying books.
It is generally known that the reading culture is gradually dying out in many places, but for anyone who wants to make a success of such a relatively new market, there are a number of books that would certainly enrich a trader’s knowledge base.
Some of these books are in physical form while others come in digital form. Whether physical or digital, there are those which you can get for free and others that you have to pay for.
We now introduce some of the great binary options books we have out there:
- Binary Options Winning Formula: Make Consistent Wins Every Time
Written by Jerry Mans and published on Amazon.com in 2011, Binary Options Winning Formula (BOWF) provides methodical approach to trading binary options with a targeted Return on Investment (ROI) of about 90% every month. The book aims to get the trader to focus on binary options as a business and not as some kind of gambling adventure. It also brings a perspective to risk management by providing warnings to traders about adopting a “double your money in less than an hour” attitude to trading.
According to the book, it is possible to achieve profit targets of 80-90% monthly even when half of the trades are wins. It provides a systematic way of trading all the major binary options types. The Black-Scholes Valuation Model (Formula) is also used to set trades as well as calculate the Expiry Price of a binary option using the Initial Stock Price, the Strike Price, the time to maturity, etc. in very simple English anyone can understand. The book also topical issues such as broker selection, money management signal set-ups. The book is available on Amazon.com in paperback format at a price of $15.20.
- Dragon Options Training E-book
If you are new to the binary options market, this is ideally the first book you should be reading. It is available in digital format from the website of this Russian-based binary options brokerage firm. The e-book contains just about all the information that answers questions beginners may have. Binary options trade types are explained, basic concepts elucidated on and there is also a section on trading psychology which is hardly ever seen on binary options content websites. A few trading strategies are also explained. This e-book is available as a free download.
- Binary Betting: An Introductory Guide to Making Money with Binary Bets
This book is also listed on Amazon.com and sells for $15.88. Written by John Piper, it is another book that beginners can use to get a hang of what the market is all about. The book actually shows the examples of an experienced trader who has played the binary options market several times. There are examples of good trades and trades gone wrong, along with tips on how to correct the trades with losing outcomes. The only snag with this book is that it seems to classify binary options as a “betting” activity and not as a trade activity. If you want to know more, you can head over to Amazon.com to pick up your copy.
- Binary Options by Hamish Raw
At $87.12, this hardcover book is one of the most expensive books you will find on the topic of binary options. The focus of this book is exchange-traded binary options. Exchange-traded binary options refer to the binary options contracts traded on the CME, as well as the Chicago Board of Trade (CBOT) binary options on the Fed Fund Rate. If you can afford this book and you are interested in exchange-traded binary options, then this is for you. Those living in the US, Canada and other areas with access to exchanges that offer binary options instruments will find this very handy.
There are other books available on Amazon for binary options traders and these include the following titles:
- How to Trade Binary Options Successfully by Meir Liraz. This book is available on the Kindle device and is free.
- Binary Options University: How To Make Money Trading Binary Options With Profitable Binary Options Trading Strategies… by James Goldman. The paperback version costs $2.99 while the Kindle version is free to use.
- Alex Nekritin’s Binary Options: Strategies for Directional and Volatility Trading (Wiley Trading). The hardcover version is sold for just above $53 while the Kindle version is a pricey $48.49.
These binary options books can help you get a head-start in binary options and smooth out your learning curve.
