Book : Trading Binary Options: Strategies and Tactics
An essential guide to the fast growing area of binary options
Long the province of professional traders, binary options are now offered to retail investors through the North American Derivative Exchange (Nadex) and a growing group of online brokerages. Now, with this new book, author Abe Cofnas explains how independent traders and investors can use binary options to speculate on price movements and global events.
The great appeal of binary options is that they are less complex than conventional options and provide a simple method to trade based on an opinion of where the market is headed over a certain period of time. Engaging and informative, this reliable guide reveals how binary options work, what are the best binary options trading strategies, and when to use them.
- Identifies the various markets in which binaries are available
- Offers insights on how binary options allow for opportunities to speculate on the direction of a market and receive a substantial payout
- Provides suggestions as to which markets provide the best liquidity and lowest trade execution expenses
As the first book solely devoted to this topic, Binary Options will provide retail traders with an authoritative guide to trading this exciting new market.
From the Inside Flap
Long the province of financial professionals, binary options are now available to retail traders and investors. With trading volumes quickly growing and new markets for binary option plays coming on board, the simple structure of this product allows you to trade in over 20 different underlying markets, from currencies to indexes to commodities.
Now, in Trading Binary Options, author Abe Cofnas—a leader in the field of currency trading, analysis, and training—reveals how the average person can achieve above-average returns on a weekly basis, using specific strategies and tactics in their binary option trading endeavors.
While there are many variations to this type of trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex). Chapter by chapter, it takes you through the basic features of the binary option instrument as well as provides a detailed review of fundamental and technical analysis useful to making trading decisions. And, due to the fact that trading can no longer be separated from the Internet and the social media it has generated, new online tools and techniques for detecting market sentiment are also addressed.
Along the way, you’ll gain valuable insights from real-world examples of how to scan the political and economic news and formulate appropriate binary option trading strategies. Case studies of binary option trading in relationship to key news events that we have recently lived through are fully explored—from U.S. Congressional elections and the Greek sovereign risk crisis to the turmoil in the Middle East and the earthquake that rocked Japan. Key trading strategiesare also reviewed with examples that include: At-the-Money; Out-of-the-Money; In-the-Money, Deep In-the-Money; and Deep Out-of-the-Money.
Rounding out this detailed discussion of binary options are four information packed appendices. Here, specific training challenges are provided, including a test of your trading knowledge, as well as details on Nadex contract specifications.
As the first book solely devoted to this topic, TradingBinary Options offers comprehensive coverage of this discipline. It will show you what it takes to capture consistent profits when trading binary options—by anticipating market direction, understanding risk management, and effectively entering and exiting trades—and help you hone the types of skills that will allow you to excel in today’s dynamic market environment.
From the Back Cover
Trading Binary Options
“Are you interested in trading but don’t like to wait weeks and months for a return?Are you following news events and want to financially benefit from your knowledge?Or maybe you are new to trading and want to participate but avoid the long learning curve in mastering trading skills. If these questions are on your mind, this book is for you.”
—From the Preface
Binary option trading is one of today’s fastest growing areas of finance. The greatappeal of binary options is that they are less complex than conventional optionsand provide a simple method to trade based on an opinion of where the marketis headed over a certain period of time—one week at the most.
In Trading Binary Options, author Abe Cofnas puts this exciting new product inperspective, and shows individual investors and traders how it works, when to use it, and what strategies are most effective. While there are many variations to this typeof trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex).
Engaging and informative, Trading Binary Options:Provides insights on how binary options allow for opportunities to speculate on the direction of a market and receive a substantial payout
Identifies the various markets in which binaries are availableOffers suggestions as to which markets provide the best liquidity and lowest trade execution expenses
And much more
If you’re looking to get more out of today’s markets, look no further than binary options. With Trading Binary Options as your guide, you’ll quickly discover how specific strategies and tactics will allow you to capture consistent profits on a weekly basis.