Books about Binary Options

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Contents

Is Binary Options a Scam or Legitimate Trading Tool?

Before we analyze whether binary options is a scam or not I would like to take a look at day trading, an area which I have much experience, and see if day trading would qualify as a scam.

As a day trader many people looked В upon what I did withВ skepticism. Many thought that day trading was just a another form of gambling. Many trading companies would try to lure people with the potential to earn a living with electronic day trading with very little investment. The truth is, for the overwhelming majority of people, day trading was a losing effort. Few traders were successful; most lost money. The firms made a lot of money collecting commissions and profit share from the good traders. After my first year of day trading I was convinced that it was impossible, or nearly impossible to make money. I began back in 2002, after the bubble burst and volatility was at a virtual standstill. Few traders were making money with any of the traditional trading formulas that worked a few years earlier. I was fortunate enough to come upon someone who had a “system”. The trading system provided an “edge” in the market. When traders diligently followed the system they consistently made money. When I began trading with the system I made money on a consistent basis. I opened trading floors to teach others to trade within this system, but most did not made money. Trading within this system required extreme discipline both to enter a position and to leave a position when the rules required. Those who followed the rules diligently made money. Like mostВ professions, one needs education or skills to make a living. The same is true with day trading. Along with these skills a person must have the proper discipline in order to succeed. Its a business that is clearly not for everyone.

The same can be said for Binary Options. В The companies that set up binary option platforms and binary option brokers are in this business to make money. В The firm collects 80- 100% of a losing trade and pays outВ 60-80% on winning trades. Someone who wins on 50% of their binary option trades will lose money. Unless someone has a system that has a winning track record and the person adheres to that system consistently he will over the long term win on 50% on his trades and lose money.

Of course it is possible that some of the binary option brokers in the market are making promises that they cannot or will not fulfill. If a broker makes falseВ assertionsВ or won’t refund deposits or payout profits to a customer then that broker may be considered a scam. The binary options trading industry itself is not a scam. It may be difficult to actually profit trading binary options, but the risk and rewards are clearly displayed for the investor. Whether one makes money or not is up to the actual trader. We have completed В a series of comprehensive reviews of binary brokers. In our reviews we determine, to the best of our ability, if the brokers are providing the services that they claim to offer. В Once you have the confidence that a binary option broker is providing a legitimate service you will then be able to implement a trading style that mostВ effectivelyВ yields profitableВ tradingВ results. All of the brokers we have tested so far have proved to be providing a legitimate service. Some of our reviews include older more established brokers such asВ 24option as well as newer brokers such as Bee OptionsВ and Redwood Options.

Binary Option Robot

Overview

Binary Option Robot – How Does it Work & How to Start?
Read 100% Objective & Detailed BinaryOptionRobot Review
Minimum Investment, Returns & VIP Account – See Below!

Details

Broker Binary Option Robot
Official Website URL www.binaryoptionrobot.com
Support Types Live Chat, Phone, E-mail
Payout 84%
Free Demo Account Open FREE Demo NOW
Deposit & Withdrawal Methods VISA, Mater Card, Maestro, OK Pay, Neteller
Number of Assets 70+
Overall Score 9.4/10

Full Review

Binary Option Robot is a 100% Free automated trading solution that requires no software download and makes Forex and CFDs trading possible from every point of the globe. Unlike many other auto trading systems on the market, this one needs to be set up only once and then it will start handling all trades on your behalf. This is a safe and secure trading software that gives you the unique option to define the risks parameters for each trading session. Binary Option Robot is compatible with the trading platforms of the best brokers, who are offering maximum performance and high winning rates.

Review Verdict: BinaryOptionRobot is NOT a Scam

How to Use Binary Option Robot?

Earning significant daily profits with the help of Binary Option Robot is easy. This is thanks to the fact the system gathers historical data from previous years, which is processed by a highly sophisticated algorithm that calculates the probability of assets price movements at any given moment. The software is integrated with the trading platforms of seven Forex brokers. You can open an account with one or all of these Forex brokers just by registering with BinaryOptionRobot. There are no fees and you can start trading immediately.

No Download

Users do not need to download and install any additional files to their devices in order to start trading with Binary Option Robot. The system is fully browser-based so it is easy to navigate and use.

How to Start?

To start trading Forex with the help of Binary Option Robot, just visit the company’s website and go to the Open Account section. There you must enter your contact details and choose the currency that you would like to open an account in (the available currencies are: USD, EUR, GBP, CAD, and AUD). Once you finish the registration process, you are taken to the Dashboard of your account where you have to choose one or more Forex brokers to work with. To register with one of them, just click the green Open Account button. You don’t have to go to the broker’s platform – everything happens in the nicely designed Dashboard of the Forex robot.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Each time you log into your Binary Option Robot account you will see the latest promotions by the featured brokers. Keep in mind that there are special terms and conditions when you accept a bonus or a promotion from a broker, so it’s best to visit the broker’s website and familiarize yourself with the terms and conditions that apply.

Apart from trading, your personal account page is also the place where you can change your contact details, review your trading history, and manage your Forex robot’s settings, including the tradeable assets, the investment per trade, the maximum daily trades, the daily loss stop and the reverse trading feature.

Returns

Current members of the Forex trading platform state that they can easily earn around $500 per day with the help of the system. This means that it is able to deliver real results to its users by earning significant daily income on their behalf.

The access to the Forex auto-trading solution is absolutely free of charge. Still, to start trading you have to fund your account with some trading balance. The minimum deposit depends on the broker that you want to open an account with.

In general, this amount is 250 USD or EUR. Usually there is no limit for the funds that you want to invest in Forex trading.

Is BinaryOptionRobot a Scam?

The Binary Option Robot is absolutely legit and reliable. The interface of the system is intuitive and easy to navigate, which enables traders to get familiar with its features quickly. The auto-trading software has numerous customizable settings, which allow for maximum control over the way trades are executed and that gives investors the opportunity to achieve optimal results and the best possible return on their investment. To help traders with the configuration of the preferences, the Binary Option Robot provides a tutorial guide, which explains in-depth what each setting means and how to use it. This makes the trading process easier and accessible to traders with various levels of proficiency.

Review Verdict: BinaryOptionRobot is NOT a Scam

Binary Option Robot Features

The Binary Option Robot stands out among other auto trading solutions with some major advantages. In addition to the automated trading system it also provides trading signals and traders can choose from several signal sources, which allows for great flexibility. Another unique feature enables you to set the level of risk you are willing to take, which minimizes the possibility of losing funds.

The fully automated trading software provided by the Binary Options Robot is also extremely time-saving as it executes the trades on your behalf even when you are not online. This way it does all the work, while you can relax and enjoy yourself.

Binary Option Robot VIP Account

Binary Option Robot offers a free VIP account to any of their customers who want to refer a friend. For each friend you refer to their website you will get 2 months extension of the VIP period.

This gives you access to otherwise “locked” features, such as the four levels of risk and the expiry times of the options that can be traded with the robot. Also keep in mind that each time the friend you have referred to Binary Option Robot, both you and him/her will get your VIP period extended by 2 months.

Customer Service

The support team of Binary Option Robot is really responsive and competent. Users can easily get help in case of any troubles or questions they may have. The service is available 24/7 which means that you will have no problems while placing your trades.

Conclusion

Our research shows that Binary Option Robot is a reliable and 100% safe Forex robot. It is a good software for anyone who does not have the time or the financial knowledge to trade manually. In any case, the experts at Top10BinaryRobots.com recommend that you always trade Forex with care as this is a high-risk endeavor.

If you prefer, you can Proceed to Safety and choose a trusted Forex robot, by visiting our list of approved automated Forex trading solutions.

Can you Really Make Money with Binary Options?

Updated on: 6 January 2020

Binary options trading is very popular in many countries around the globe. However, most people still ask the question “can you really make money in binary options”. In this article I will try to answer this question and give you a few tips on how you can make money trading binary options.

The short answer is that yes, you can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading strategy.

Binary options trading is a form of investing through predicting the movement of various assets such as gold, silver, the USD etc. It is very similar to other forms of investing such as forex and stock trading. It’s however simpler, has relatively fewer risks (in the sense that you will always know in advance what you might lose) and can offer larger payouts.

The idea is that you can make money in binary options only if you treat it as a real form of investing. This means learning how it works, learning how to read charts and learning how you can make accurate predictions. All these are not that difficult but it takes some time. If you treat it as gambling and just make random predictions then you will obviously not win.

Trading binary options online is not as complicated as many people think it is. You don’t have to be an economics expert in order to make money by trading binary options. Below these lines I’ll reveal why making money with binary options is actually pretty simple.

Quick guide: Yes, you can make money in binary options. The easiest way is to use a binary options robot, such as BinBotPro that will automatically analyze the markets and make accurate predictions for you. This is fully automatic and comes with a success rate of around 85%. The huge advantage of BinBotPro is that it trades with cryptocurrencies such as Bitcoin where daily gains of up to 20%-50% are very frequent.

At this moment the most reputable binary broker where you can make money if you use proper strategy is IQ Option. IQ Option has a payout rate of 88% and is also the broker with the most licenses and government-approvals, which means it’s 100% safe and fair. If you are from the US you can trade at BinBotPro instead, which is also a reputable broker.

Hot in 2020: Cryptocurrencies are the biggest gainers in 2020. You should register at BinBotPro in order to make a lot of money. BinBotPro is a trading bot that will invest in Bitcoin when it’s starting to go up and sell when it’s starting to go down. You can make up to 5% to 10% gains every day with BinBotPro.

September 2020 update: If you wish to make money without trading then you should check out Bitcoin mining. All you need to do is renting hash power and wait to see your Bitcoin being added into your wallet over time. Check out IQMining and their offers.

With Bitcoin mining you do not need to trade and your profits are almost guaranteed. You only rent the server and will then be paid out by the moned Bitcoin, which you can exchange into fiat currency. There is no possibility of “losing” your deposit here, as you will not be trading. You will get daily Bitcoin payments into your wallet. Check out IQMining now.

How to Trade Binary Options Successfully

Many traders are constantly trying to find a way that can help them to significantly improve their profits in binary options trading. There are lots of things you have to learn if you just started to enter into the binary options trading. The following is 7 tips that you can follow to help you trade more successfully in binary options.

1. Choose a Licensed Broker

The most important priority is to find a good binary options broker that is respected in the industry and has many positive reviews. Choosing a bad broker can be very risky as they may freeze your account and prevent you from withdrawing your profits. If possible, you should sign up with a broker that has obtained proper licensing with an authority regulator such as CySEC. You should do as much research as possible on the broker’s background and find out what other traders are saying about it. You must not be lured by the cheap rate as cheap brokers will compromise in many ways.

2. Diversify Across Different Types of Asset Classes

You should diversify your investment in a variety of assets classes to minimize the risk of losses. In this way, if one asset did not do so well because of a major catastrophe, you will still be making money from other types of assets. Diversifying across different asset classes is important because there are many potential risks that can affect the particular asset class.

3. Diversify Among Several Brokers

Apart from diversifying the asset classes, you should also diversify the brokers. It is not recommended to just use one broker because you don’t know if something will happen to the broker and cause you to lose your entire investment. If you trade with several brokers, you won’t lose all your money if one broker close down. You can diversify across 7 – 8 brokers to get favorable result in binary trading in the long term.

4. Never Stop Learning and Educating Yourself

If this is the first time you are trading, you should get familiar with how the binary options trading system work. Reading the glossary allows you to understand how to use the different features on the trading platform. There are lots of free e-books that teach you about the strategies of winning in binary options. There are also videos that demonstrate how to study the chart/graph and analyze the market situation. Besides, you can also join binary options forum to discuss with other traders to expand your knowledge in trading. Learning is for all time and you must continue to educate yourself on different binary options tips and strategies if you to succeed.

5. Long Term Options Over Short Term Options

It is often advertised that short term binary options such as sixty seconds option is the most profitable but what you don’t know is that this type of option has very low winning rate. Instead, choosing long term option that last for a few days or weeks is able to bring in a stable income.

6. Never Over Invest More than You Can Afford

You must set a budget and not invest more than what you can afford especially when you are a new trader. Many new traders suffer a great financial loss for over investing. You must be clear in your head and don’t let your emotions override your decision. If you are feeling emotional, you should stop trading temporary until you have calm down. It is no good to become too tense and serious in your trading but relax yourself and have fun. This will enable you to make better decision and increase your chances of earning more profits in binary trading.

7. Study the Market Before Placing a Trade

Prior to placing a trade, you should first study the market by reviewing the movement of the price in the graph. Besides, you should also pay attention for any breaking news that is in the headline as these news are the ones that can affect the market condition. When you understand the situation in the market, you will be able to more accurately predict whether the price of the asset will rise or fall.

It isn’t easy to make a steady income from binary trading when you are new,so you have to learn as much as you can. The most important thing is to learn from your mistakes and never give up.

The Best Binary Options Books for All Levels

Damyan Diamandiev
Contributor, Benzinga

Invest With TD Ameritrade – Now Commission Free

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Binary options are a relatively new financial instrument. They came on the world in 2007 with the approval of the United States Securities and Exchange Commission. Ever since many traders prefer to invest in binary options trading due to their simplicity. Since binary options are a new, a lot of people are not familiar with their functionality. So today we will reveal some of the best binary options books for beginner, intermediate and advanced traders.

Quick Look: The Best Binary Options Books

  • The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading by Christopher Carlson – Get this book
  • Binary Options: The Beginners Guide to Trade and Profit by Edward Dorsey – Get this book
  • Binary Options: Powerful Strategies To Dominate Binary Options by Jordon Sykes – Get this book
  • Call or Put: How I Profit Using Binary Options by Dennis Preston – Get this book
  • High Probable Japanese Candlestick Patterns by Theodore Kekstadt – Get this book
  • Day Trading: Vital Strategies for Intermediate Traders by Brian StClair – Get this book
  • 60 Second Binary Options Sniper: 60 Second Binary Options Sniper by Jack Swift – Get this book
  • Advanced Technical Analysis: The Complex Technical Analysis of Assets by Wojciech Jakub Podobas – Get this book
  • How To Master The Psychology Of Forex & Binary Options Trading: The Definitive Guide To Developing A Winning Trading Mindset by William Allen – Get this book

What Makes a Great Binary Options Book

Binary options are different than other financial instruments only in the way they implement trades and the final goal of a trade. In binary options, you need to guess if the price of the security will be higher or lower after a certain period of time. And you bet a certain amount of money at your call.

If you are right, you will make about 80% interest (rate depends on the binary options brokers) on your investment. But if you are wrong, you lose your full bet.

You will see a lot of similarities between binary options and standard forex or stock trading. This comes from the analysis part. Binary options analyzed same as other financial instruments. For example, if you have a binary option of the EUR/USD, you analyze it the same way as some other contract type of the EUR/USD. After all the EUR/USD is in focus.

In this relation, a lot of books that will help you with binary options are actually books about forex trading or stock trading. But one is sure, a good binary options book will never be overcomplicated. Make sure you look for books that are simple and free of comprehensive financial language. After all, your goal is to understand the theory and not to complicate this process.

Here are some of the topics included in some of the good binary options books:

  • Binary options fundamentals
  • Trade management
  • Strategy building
  • Risk management
  • Volatility
  • Volume
  • Technical analysis
  • Indicators
  • Moving average
  • Oscillators
  • Momentum
  • Inflation
  • Monetary policy

Some of these topics are for beginners, others are for intermediate and advanced traders. But each of these topics is essential for your successful binary options trading career. You will find each of these topics in different books that are useful for binary options trading.

The Best Binary Options Books

The different books about binary options will include different theory. And this theory is suitable for the different level of expertise in trading. This is why we will separate the best binary options books in three different groups.

1. The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading by Christopher Carlson

  • Who’s it for? Beginners
  • Price:On sale

The Binary Options Book of Knowledge is a book for people who are about to enter the binary options market. The reason for this is that the book is like a guide, which aims to clear out the entry-level confusions of binary options trading.

Some of the topics covered in the book are:

  • Which currency binary options to trade
  • What is the best time to trade
  • How to recognize winning opportunities on the chart
  • How to avoid scam

These topics are essential for people that have not started trading binary options. If you are already a trader, then maybe you already know the answers to these questions and you need to look for a more advanced book.

2. Binary Options: The Beginners Guide to Trade and Profit by Edward Dorsey

  • Who’s it for? Beginners
  • Price: On sale

Another good book for binary options trading is The Beginners Guide to Trade and Profit. In this book, Dorsey reveals the ways you can make a living from binary options trading.

The book focuses on some raw basics like how binary options work in general and also covers trading strategies and risk management.

One of the main topics of this book is how to lower your risk when trading binary options. However, this book also covers some fundamental analysis parts as it reveals which world events are likely to affect the price of a respective financial asset and its binary option.

3. Binary Options: Powerful Strategies To Dominate Binary Options by Jordon Sykes

  • Who’s it for? All levels
  • Price: On sale

This book is written by Jordon Sykes, an author that concentrates his writings on trading topics for beginners. Sykes shares his vision about how to make money from trading binary options. The best of the book is that it also includes some technical analysis insights, which are helpful in trading with binary options.

Sykes admits that his books won’t help you master the subject of trading, but will help you go deeper in some subfields, which can pay you back well later.

The book compares different strategies and shows you what works and what doesn’t. Although the book is for beginners, it will also introduce you some a bit more advanced practices, which makes the book a good transition to intermediate readings for binary options.

4. Call or Put: How I Profit Using Binary Options by Dennis Preston

  • Who’s it for? Intermediate traders
  • Price: On sale

This book is created by Dennis Preston, an author whose field is currencies and day trading. Preston is remarkable with his ability to state his points in easy-to-understand language. His book Call or Put concentrates on strategy building and the way Preston achieved success on the binary options market.

This book is suitable for established binary options traders as it gives strategic tips on how to increase the success rate of your binary options strategy. This boom might be what you are missing to reach a consistent profit on an ongoing basis.

5. High Probable Japanese Candlestick Patterns by Theodore Kekstadt

  • Who’s it for? Intermediate traders
  • Price: On sale

Candlestick patterns are an important part of the technical analysis in binary options trading. This is why we introduce you the book High Probable Japanese Candlestick Patterns by Theodore Kekstadt, a veteran trader.

This is a small book that includes illustrations of some of the best candlestick patterns for finding market momentum. These patterns will help you discover more opportunities on the trading chart.

The goal of the book is to let you put the odds in your favor in trading by giving you another perspective in technical analysis. Reading it you will get better in risk management, cutting on drawbacks in your trading style, and increasing your earning potential.

6. Day Trading: Vital Strategies for Intermediate Traders by Brian StClair

  • Who’s it for? Intermediate traders
  • Price: On sale

This book reveals a higher a way to take binary options, stocks or ETFs.

The author works the book around the strategic part of binary options trading revealing solutions for many tactical issues like how to position your trades in the market and what expiration diapasons to choose.

The book starts with some basics and then it switches to intermediate level topics like:

  • High-level chart patterns
  • The RSI indicator
  • How to avoid common market mistakes

The book ends with some more advanced techniques, which makes it a good transition to the expert level of study.

7. 60 Second Binary Options Sniper: 60 Second Binary Options Sniper by Jack Swift

  • Who’s it for? Advanced traders
  • Price: On sale

The 60 Second Binary Options Sniper is a boom by Jack Swift. The book fits traders with more experience in the binary options market as the strategy it reveals requires a great dose of discipline and persistence.

The book introduces a strategy for binary options with an expiration time of only 60 seconds. This way the author Jack Swift aims for higher profitability as the number of trades will grow dramatically due to the low expiration time.

This book puts on the table a topic that is usually taboo in the area of financial markets and trading – the topic for quick profits. And Jack Swift actually reveals an approach, which lets us think of a quicker way to earn.

8. Advanced Technical Analysis: The Complex Technical Analysis of Assets by Wojciech Jakub Podobas

  • Who’s it for? Advanced traders
  • Price: On sale

This is another book for experienced traders. It is perfect for investors that are looking for ways to expand their technical trend analysis skills.

In this book the author Wojciech Jakub Podobas introduces some indicators that most of the intermediate binary options traders have probably never heard of:

  • General trend indicator
  • Options arbitrage index
  • Personalized moving averages
  • Personalized RSI indicator

The book includes insights about how to add a personal touch to most of the technical indicators that we know for a better adaptation to our personal trading conditions. This is likely to help a trader to understand a trend in a better way.

Notice that this book is not especially for binary options. It is for general technical analysis. Therefore, it also applies for binary options trading.

9. How To Master The Psychology Of Forex & Binary Options Trading: The Definitive Guide To Developing A Winning Trading Mindset by William Allen

  • Who’s it for? Advanced traders
  • Price: On sale

The last book of our choice covers an area that most of the traders totally forget about – the psychological part of trading.

In this book, the author William Allen explains the mass psychology and the frustration of loss in trading. The book continues by gradually switching to individual psychology and data interpretation.

You will learn how your mind affects your decision-making process in trading, which at the same time reflects your performance.

One of the useful features of this book is that it teaches how to identify tilt phases of your mind before they start affecting your estimation in trading. The book teaches how to distinguish conscious actions from habits that we have subconsciously.

The goal of this book is to train your mindset to act the right way in trading without actually thinking about it.

Final Thoughts

Although binary options are a very easy-to-understand trading instrument, they are probably the least understood. The line between trading and gambling is very thin when dealing with binary options. And a lot of people don’t realize when they have stopped trading and have started gambling.

This is why one should take the necessary training and education before jumping into binary options trading. A demo account is a good start to check your preparedness.

If you go through the nine books that we suggested, your expertise will reach new highs in the technical and psychological level – the two most important parts of binary options trading. You will understand that the single trade doesn’t deserve your anger or your joy. You will realize that single trades themselves are just the small mean to reach the big goal – consistent profit on a regular basis.

Looking for more trading books? Check out Benzinga’s picks for the best option trading books, best investing books and best Wall Street books.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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How To Choose Binary Options Broker
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