In this article, we tried to find the best books on binary options, and recommend trading books that we think the topic is the best. So whether you’re a beginner looking to learn the basics, or an advanced trader looking for an in-depth strategy, we’ve got the book for you.
The binary options sector sometimes attracts a lot of misinformation online, hopefully that problem doesn’t erase the printed word in the same way. Most of the books written on the subject are honest, and portray the binary accurately. Of course, some books are better than others, and below, we highlight the books we think are the best for traders at certain points in their trading journey.
Suggested reading
Binary Options: The Advantages of Fixed Financial Targets – Hamish Raw
Hamish Raw is probably the leading writer on this subject. This book was written a long time ago, when binaries were first made available, but remains 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 beginning, he was keen to show that anyone who sets aside a fixed sporting event, such as a football match or a horse race, takes binary options – albeit under a different name.
The premise, is that binaries deliver an easy-to-understand way of putting market knowledge to work – in a limited risk environment. From here, the author then explores the various ‘bets’ (or types of trades) that can be made and the importance of the ‘greeks’ – i.e. time, volatility and price – which ultimately drive the value of the bet. So without writing binary options as mere “bets”, this book only uses a more understandable “fixed probability” process that speculates on the outcome – in a relatively simple way – and shows how this ‘digital’ financial instrument works in practice.
Binary Options Unmasked – Anna Coulling
For those who have only heard about binaries, and with further considerations in mind, this book is worth attention. “ Are binary options for me? “: A simple question, but as mentioned above, with many inaccurate claims, headlines ‘ making money online ‘ and misleading statements online about the risks associated with this form of trading, it can be a difficult one to answer.
Written from an open-minded perspective – but with a critical eye, Anna Coulling’s book offers a “ balanced and considered ” view of the sector. It offers introductory level advice on how to use digital options and then provides some basic trading strategies. The book is also very good at pointing out ” traps for the unsavory “: various tricks used by unscrupulous operators to lure new traders with false claims.
Overall, the view is that binary options as a concept are valid trading tools – but they can also result in quick losses if they are not understood or used inaccurately. This book will help the reader stay on the right track.
Generate Daily Income from Financial Markets: the complete complete blueprint for trading binary options – Sid Bhattacharjee
Aimed at beginners, this book presents a personal and pragmatic view of binary as a trading tool. It provides data on various tradable markets and also includes quotes on how to get into the right frame of mind to trade.
One important subject, or trading tool provided, is the ” 4-week action plan ” for new traders. It advises on choosing a platform, supporting a trial, or demo account, before moving on to trading with real cash.
Candlestick Charting For Dummies Russell Rhoads
This hugely popular series of books provides a great entry-level introduction to almost every subject imaginable. Many readers will have come across For Dummies books in the past. With text easily broken down into bite-sized chunks and plenty of diagrams, this series of instructional manuals always delivers.
In addition to this subject, there are others in this series that will help, these include Technical Analysis For Dummies and Currency Trading For Dummies . This volume, dedicated solely to creating candlestick charts, is a good read for anyone who may be struggling to get to grips with this particular area of analysis.
Candlesticks are very dense information, very useful for identifying trends, offering traders details on opening and closing prices, highs and lows and the overall range – often within a very short period of time. They are an essential element of every trader’s knowledge base – especially binary traders. This guide explains how candlestick charts are structured and how to read them.
It shows how to find bullish and bearish markets, how to avoid false signals and where to combine these indicators with various others. Our Charts page also explains the basics of leather candlestick charts.
Understanding Company News: How to Interpret Stock Market Announcements – Rodney Hobson
Almost all of the best binary options trading platforms will offer alerts, so market news is broadcast directly to the user’s platform. These updates may include news related to a particular company, perhaps annual results, share buyback activity, 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 act as great binary options trading signals; not least because stronger or weaker than expected numbers from these companies themselves can make large declines or gains in asset prices.
Some may go beyond their direct stock prices, and affect commodity or forex prices. For example, Google’s tax issue with Ireland has ramifications across multiple sectors. So how can traders make sure they understand these events? This book provides a comprehensive foundation.
Although the focal point is UK companies listed on the London Stock Exchange, the broad principles will apply to global stocks across indices around the world. This book provides background on how, when and why companies are legally required to release certain data.
It will then offer an overview of all routine statements expected to be issued by the company. It also provides a very useful jargon jargon. Vitally, the book shows you what kinds of announcements are likely to affect stock prices – and in what direction.
These books cover all binary and digital trading in an open, honest and transparent manner. If any book starts to imply ‘get rich quick’ marketing, or suggest binary trading is an easy path to profit – give it a miss. Binaries are a form of trading like any other, they require learning and understanding. Hopefully our recommended books can help our visitors do just that.
Binary Trading eBook
eBooks, like some online marketing, have been inundated with misinformation. Although some brokers have written some informative ebooks, they are usually written for users of a specific platform. They are more of a ‘How to’ guide, than a general look at the subject.
Therefore, there are not too many ebooks in writing that offer an unbiased view of the industry. When looking at strategies, shorter ebooks are very useful, but as an introduction to binary options as a whole, they usually fall below the level of published books. Therefore, we would advise those who want to learn the subject, go for the ‘real’ book, and or download the electronic version of the titles recommended above, instead of scouring the web for ebooks. When we find an ebook that has sufficient quality, we will of course publish it here.