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Binary Options: Strategies for Directional and Volatility Trading

Binary Options: Strategies for Directional and Volatility Trading is the first comprehensive guide for trading options that are unique. This book provides an extensive guide on managing risk during directional trading and also how to make smarter bets when trading is volatile.

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While there have been several books written about this subject, this is the first book that looks deeply into binary options trading, explains why it is different than other types of trading, and provides a full guide on how to become a successful binary options trader.

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The book is designed for savvy market players who are looking for ways to notice different trends and how to react quickly to them. There is information provided about 4 asset classes, commodity futures, stock index futures, economic data releases, and spot forex.

Features

Binary Options: Strategies for Directional and Volatility Trading offers several key features to its readers including:

  • Provides an outline of a rigorous approach to directional trading around specific events, such as currency shifts, earning releases, or releases of economic data.
  • Provides comprehensive information about a growing type of trading instrument that is not well understood.
  • ​Offers in-depth informative discussions of the characteristics that distinguish binary options trading from other types of options trading.
  • Explains why binary options trading can be an attractive vehicle to use for improving returns and hedging risks.

What Makes This Book Different?

The guide focuses exclusively on providing information about regular option trading and binary options trading and provides investors with information about how to succeed at binary options trading. There is information about the best binary options trading strategies and how and when they should be used.

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This is the first book that looks solely at the difference between binary options trading and other forms of asset trading. It goes into depth about how different this market is. In addition, it fully explains binary options trading so that a person will be able to use the information from the book in order to start investing in this market.

While binary options trading is growing in popularity, there are few who truly understand it and how it works. This book provides a great resource for both those who are simply interested in this type of trading as well as those who have started trading binary options, but want to improve their success rates.

This book covers almost everything that you need to know about the industry. In addition to providing information about the market, what to look for, when to place wagers, and what types of assets to bet on, the book also does a good job of providing further resources that can be used to improve your strategy even more. This is a great way to learn more about making a profit by trading binary options.

Price

The price for Binary Options: Strategies for Directional and Volatility Trading is just over $60 for a hardback version. There is a kindle version of the book available as well. The kindle version is around $40. Currently there are no paperback copies available and the price can vary by a few dollars depending on where it is purchased from.

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Cons

One of the issues that some people have found with the book is that it tends to discuss vanilla options more than binary options. There are several differences between vanilla options and binary options.

One difference between vanilla options and binary options is that binary options offer a fixed payout where vanilla options payouts are dynamic and are based on an underlying asset price. Additionally, binary options provides different expiration terms, from 15 minutes to an hour, to end of day. Vanilla options expire once each month.

When it comes to learning more about binary options there are really 2 schools of thought. One group considers binary options to be an improvement to vanilla options. Other people feel that binary options is more of a gamble than actual investment or trading.

Either way, vanilla options are discussed in this book, but binary options are fully discussed as well. It is just important to note that if you are looking for a book strictly about binary options, you may find that Binary Options: Strategies for Directional and Volatility Trading does not provide you with the information you are looking for.

Conclusion

This book is written by Alex Nekritin who has been a professional trader for more than a decade. He is the founder of TradersChoiceFX.com, which is a forex introducing broker firm that helps improve their clients trading success by matching the client with the best Forex dealer for their particular needs.

In this book, Nekritin offers a thorough analysis of how to understand binary options. This book is designed for those who are willing to take time to learn about different investment opportunities. The book also provides ways to use the knowledge that you learn in order to put trading odds in your favor.

Binary Options: Strategies for Directional and Volatility Trading Cover

The book takes the reader through helpful websites, support levels, learning about resistance, volatility, and how to be careful and conservative with your investment choices. This is a must read book for anyone who is looking to investing in binary options. It is also a great refresher for those who may already be trading binary options, but want to learn how to improve upon their successes.

The book also does a great job of answering questions on different types of strategies that can be used to manage risks for binary options or basic trades. Since binary options prices are based on the black scholes model, it is imperative that vanilla options be covered in the book.

Overall, this book is recommended for those interested in learning more about binary options trading, including what it is. The book provides useful information to traders of all levels.


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