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Binary Options Books. From knowing how to read signals through to coming up with your very own strategy, even the most experienced traders can benefit from some outside input from time to time. While the best binary options brokers tend to offer hints and forex tips and dummy accounts for you to hone your skills, they’re not the only source of insight available. Many of us resolve to ‘read more’ at various stages of our lives.
So why not put that to practical use and binary options settle down with a good binary options trading book? With this in mind, here’s some suggested reading… Suggested Reading. Binary Options Unmasked – Anna Coulling. For binary options anyone still tentatively exploring binary options platforms and still trying to make up their mind, this book is worth close attention. ” Is binary options trading for me? “: it’s a simple enough question, but with so much inaccurate information and ‘too good to be true’ assertions about the risks associated with this form of trading out there, it can be a tough one to answer.
Written from a critical yet open-minded perspective, Coulling’s book seeks to give a ” balanced and considered view ” of the market. It gives introductory advice on how to use these instruments and outlines some basic trading strategies. The book is also particularly strong on describing the ” traps for the unwary “: the various tricks used by a handful of unscrupulous companies to lure novice traders on false pretences. The view is that binary options in themselves are perfectly valid trading instruments – but they can also be surefire ways to lose money quickly when approached in the wrong way.
This book can help you stay on the right track. Binary Options: binary options strategy Fixed Odds Financial Bets – Hamish Raw. 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. Using this as a starting point, he goes on to explore the range of ‘bets’ that can be placed and the significance of time, binary options volatility and price (the ‘greeks’) in driving the value of that bet. 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.
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