Books to learn binary options trading are increasingly in demand as the investment and trading world becomes more aware of these nimble and limited-risk instruments.
Now, with the availability of binary options books, less experienced market participants can get a decent handle on these simple and easy-to-use instruments, which in turn is increasing interest in the binary options trading platforms that offer them.
In this article, you will find the best books for binary trading currently available. We give you our best recommendations to help you take your binary options trading skills to the next level.
Most important facts about Binary Options books to learn trading:
- Specialist binary options books are increasingly popular as they offer both novice and experienced traders valuable insights.
- Earlier focus was on academic perspectives like barrier and exotic options, but now the books are more practical.
- Books cover various aspects from basic bets to advanced strategies, catering to both end-users and market-makers.
- Hamish Raw and others are contributing to the literature, making complex topics accessible to a wider audience.
With this in mind, we proudly present the best binary trading books:
1. Binary Options by Hamish Raw
The first book we would like to introduce you to is “Binary Options – Fixed Odds and Financial Bets” by Hamish Raw. From our perspective, it is the best book for binary trading.
As you may know, binary options are the latest products to hit the financial markets. From 5-minute FTSE100 bets offered by online bookmakers to longer-term FTSE100 bets traded on online betting exchanges, to binary bets offered by spread betting companies, all offer the same instrument as the CBOT binary option on the Fed Funds rate. The largest single marketplace for binary options is Lloyd’s of London, known as insurance contracts. At the same time, the sports enthusiast unwittingly buys a binary option every time they take a price from a sportsbook or bookmaker on this horse or that football team.
This book takes those same fixed odds bets and illustrates how binary options work in the financial market. The author begins by outlining regular bets and explaining the logic that defines some basic winning and losing bets. This is followed by a more detailed analysis of how to trade binary options, in which the author examines how the value of a bet depends on the passage of time, the volatility of the underlying instrument, and the price of the underlying financial instrument.
More advanced bets are then introduced, showing the reader when and how to profitably use binaries in different market conditions, followed by techniques for hedging the position taken. Following the same format as regular bets, one-touch bets are then discussed.
In this first in-depth analysis of binary options, Hamish Raw has ambitiously written for both the end user and the market maker. Diagrams abound throughout the book to illustrate the author’s points. Our number one recommendation!
This book is recommended for: Individuals new to binary options who seek a foundational understanding, as well as market-makers looking for in-depth insights into binary options’ mechanics.
2. Binary Betting by John Piper
The world of betting is changing dramatically – say hello to Binary Betting, our second choice when it comes to good books for binary options traders.
In recent years, betting on sporting events and trading the financial markets have come closer together, and binary betting is the result of this convergence. Binary bets combine the excitement of sports betting with the flexibility of financial markets.
Binary bets allow punters to:
- Bet on hundreds of different sports and financial markets
- Close out bets before the event takes place
- Profit from spectacular price movements
- Perform a better technical analysis
- Bet in unusual and unexpected ways – experienced traders will love it
This is the first book on binary betting and explains in plain language what binary bets are, how to trade them profitably, and how to reduce risk. Throughout the book, there are many real-life examples of binary betting trades and minute-by-minute analyses of price behavior in binary trading. In addition, the book helps you in identifying trends and includes insider tips from an experienced trader who uses binary betting in his trading day in and day out – discover the bet that pays even when you are completely wrong!
Find out what makes binary betting the fastest growing area of betting and why traders are switching to the new exciting world of binary betting by reading this book.
This book is recommended for: Sports enthusiasts transitioning to financial markets and traders interested in exploring the unique blend of betting and financial trading.
3. Trading Binary Options by Abe Cofnas
The third book we bring to you is an essential guide to the rapidly growing field 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 binary options brokerages. Now, in this new book, author Abe Cofnas explains how independent traders and investors can use binary options to speculate on price movements of specific companies and global events.
The great appeal of binary options is that they are less complex than traditional options. Furthermore, they offer a simple trading method based on an opinion of where the market is heading throughout very short timeframes. This engaging and informative guide explains how binary options work, what the best binary options trading strategies are, and when to use them.
The author identifies the different markets in which binary options are available and provides insight into how binary options offer the opportunity to speculate on the direction of a market and receive a substantial payout. It also suggests which markets offer the best liquidity and lowest trade execution costs.
As the first book dedicated solely to this subject, it will provide retail traders with an authoritative guide to the broad principles of basic trading strategies in this exciting market.
This book is recommended for: Traders and investors looking to expand their knowledge of binary options and seeking practical strategies to enhance their trading outcomes.
4. Binary Options Winning Formula: Make Consistent Wins Every Time by Jerry Mans
The fourth book, “Binary Options Winning Formula (BOWF)” is another deep dive into the systematic and methodical approach to binary options trading.
BOWF equips the trader with the best Binary Options tools and knowledge to conquer this new market and achieve a Return on Investment (ROI) in the region of 185% every single month. Trading is an investment and should be treated like a business to be successful. Have you tried binary options, have you heard a lot of hype out there? “Double your money in no time…” “Make money in less than 1 hour…” all true.
The author of this book has consistently made a lot of money using the winning formula. With the Binary Options Winning Formula (BOWF), the relevant ROI can reach up to 80-90% per month, even if only half of your trades are winning. This system is unique for trading all types of binary options – one-touch, over/under, limit, and so on. You’ve got the link, see for yourself!
This book is recommended for: Traders aiming for consistent wins in binary options trading and those looking for a structured approach to enhance their trading strategies.
5. The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading by Christopher Carlson
Christopher Carlson’s “The Binary Options Book Of Knowledge” is a beacon for those venturing into the world of binary options trading. Carlson masterfully combines his personal experience with theoretical knowledge to provide readers with a comprehensive understanding of the binary options landscape.
The book delves into the nuances of specific currency pairs and sheds light on the optimal times to trade. A blend of theoretical insight and actionable strategies, it aims to equip both novice and experienced traders with the tools they need to embark on their trading journey with confidence.
Through Carlson’s expert guidance, readers will be empowered to navigate the complexities of binary options trading, ensuring they make informed decisions that align with their investment goals.
This book is recommended for: Novice traders embarking on their binary options journey and seeking both foundational knowledge and actionable insights to kickstart their trading endeavors.
6. Binary Options: The Beginner’s Guide to Trade and Profit by Edward Dorsey
Don’t judge a book by its cover – this adage is especially true in this instance, our sixth book recommendation, “Binary Options: The Beginner’s Guide to Trade and Profit” by Edward Dorsey.
Edward Dorsey provides a comprehensive introduction to the world of binary options. The book goes beyond the basics, offering strategies and risk management techniques that are invaluable to traders.
Dorsey even delves into how global events can affect the price of financial assets and their corresponding binary options, making this a must-read for anyone looking to gain an edge in binary options trading.
This book is recommended for: Beginners eager to gain a robust foundation in binary options, blending both theoretical insights and actionable trading strategies.
7. Binary Options: Powerful Strategies To Dominate Binary Options by Jordan Sykes
Jordan Sykes presents a balanced and insightful look at binary options trading. His book is a treasure trove of trading techniques and strategies for traders of all skill levels. From understanding the basics to mastering advanced strategies, Sykes offers a panoramic view of the binary options landscape, ensuring that traders are well-equipped to navigate its challenges. It also helps you to use the binary time frame correctly and combine this knowledge with market knowledge to make better decisions.
This book is recommended for: Traders who are looking to elevate their trading game, from foundational concepts to advanced techniques, ensuring a comprehensive grasp of the binary options market.
8. Conquer 60 Second Binary Options Trading: A High Probability Technical Blueprint for Success by Matt Duffield
Matt Duffield’s book zeroes in on a 60-second trading strategy for binary options, designed to capitalize on high-probability trading setups. This guide employs a mechanical approach to minimize emotional interference, using three key technical indicators to identify opportunities that offer consistent and reliable income.
Packed with charts and real-world examples, it’s an essential read for intermediate to advanced traders aiming to refine their trading strategies for quick, consistent gains.
This book is recommended for: Traders intrigued by the fast-paced nature of 60-second binary options and looking for a systematic approach to harness quick, consistent gains.
9. Binary Options Unmasked: The good, the bad, and the downright dangerous!
Anna Coulling’s book aims to reveal the true nature of the binary options market. It dispels myths and misconceptions, providing deep insights into market analysis. The book is designed to offer a rational perspective on how to get the most out of binary options trading.
This book is recommended for: Those curious about the intricacies of the binary options market, seeking a clear and unbiased perspective on its potential rewards and pitfalls.
10. Beat Binary Options: Winning Financial Betting Strategies for Today’s Markets by Drew Kasch
Our final recommendation is the book “Beat Binary Options: Winning Financial Betting Strategies for Today’s Markets by Drew Kasch. This binary trading book is designed for intermediate to advanced traders. It focuses on helping traders gain a psychological edge in the binary options market.
The book covers a range of strategies, each explained in simple terms and backed up with real-world examples. Kasch’s approach is practical, offering step-by-step techniques to help traders understand market trends and make profitable bets. It is not just for binary options traders, you can apply this knowledge to any type of trading, including currency trading, day trading, or stock trading. A must read!
This book is recommended for: Experienced traders aiming to refine their strategies and gain a deeper psychological understanding of the binary options market.
All of these books are good options trading books and will enhance your knowledge. Consider reading them!
What makes a great binary options book?
Let us first talk about what makes a good binary options book. As you can probably guess, the author’s credentials and experience in the field can serve as an indicator of the quality of a good binary options book. But that’s not all – a good binary options book doesn’t just scratch the surface, it dives deep. It offers not only theoretical knowledge but also practical strategies that traders can implement.
You can tell a bad binary options book from a good one simply by looking at the content presented. It should be well structured, starting with the basics and gradually moving on to more advanced topics, making it easier for the reader to follow along. The author must convey the knowledge in a competent and practical way.
Real-world examples and case studies can add immense value by providing context and making the material relatable. After all, you are the one who will have to apply the knowledge. In addition, a good binary options book will often include interviews or insights from industry experts to provide a well-rounded perspective on the market. These are the signs of a good binary options book you can use to learn more about the topic. Apply this knowledge and start trading!
How to make the most of the knowledge in binary options books
When you buy a book on binary options, you should not only read it, but make sure that you use the knowledge in the best possible way.
Think about how you can put the knowledge into practice. But how does this work? When reading a binary options book, start by identifying the key strategies or insights that resonate with you. Write them down and compare them with what you already know. If you have new insights, it is time to put them into practice. It is best to use a demo account to test these strategies in a risk-free environment. This will help you understand how different variables can affect your trading decisions.
It’s also helpful to keep a trading journal to record what works, what doesn’t and why. Over time, you’ll be able to refine your strategies and make more informed decisions. If there are exercises or quizzes in the book, make sure you do them; they’re designed to deepen your understanding. And don’t hesitate to revisit the book; even experienced traders find it beneficial to revisit the basics and refresh their knowledge.
The best ebooks for binary trading
Fortunately, the digital age has ushered in a wealth of resources, with eBooks leading the way. The convenience of eBooks allows you to access invaluable insights at your fingertips, anytime, anywhere. All the books listed here, renowned for their comprehensive coverage and practical strategies, are also available as eBooks. This ensures that traders can seamlessly fit their learning into their busy schedules.
Here’s a summary of these must-read titles:
- Binary Options by Hamish Raw
- Binary Betting by John Piper
- Trading Binary Options by Abe Cofnas
- Binary Options Winning Formula: Make Consistent Wins Every Time by Jerry Mans
- The Binary Options Book of Knowledge: Everything I Wish I Knew Before I Started Trading by Christopher Carlson
- Binary Options: The Beginner’s Guide to Trading and Profit by Edward Dorsey
- Binary Options: Powerful Strategies to Dominate Binary Options by Jordan Sykes
- Conquer 60 Second Binary Options Trading: A High-Probability Technical Blueprint for Success by Matt Duffield
- Binary Options Exposed: The good, the bad and the downright dangerous by Anna Coulling
- Beat Binary Options: Winning Financial Betting Strategies for Today’s Markets by Drew Kasch
Whether you’re a beginner or a seasoned trader, these eBooks promise to enrich your understanding of various markets and sharpen your trading acumen in the realm of binary options.
Frequently Asked Questions (FAQs) about binary trading books:
Why are binary options books becoming popular?
Binary options books are becoming increasingly popular as they offer practical insights and strategies, making them valuable resources for both new traders and experienced traders. As opposed to video training, many people still prefer to gain their knowledge from books.
What kind of topics do books about binary options cover?
Binary options books cover everything from a basic understanding of betting to advanced trading strategies and risk management. They also cover the different types of assets that can be traded using binary options, such as stocks, commodities, currencies and indices. Readers will gain insights – both technical and fundamental – as well as tips on interpreting news events that may affect asset prices.
Are binary options books only for professional traders?
No, they cater to both novice and experienced traders, offering a range of topics suitable for all levels.
Do binary options books replace the need for a broker or trading software?
No, they are complementary resources that enhance understanding and strategy but don’t replace trading platforms. Books on binary options serve as educational tools to help you understand the market, its mechanics, and various trading strategies. They can give you the theoretical knowledge needed to approach binary options trading with confidence. However, they do not replace the functional role that a broker or trading software plays in executing trades.
Who are some notable authors in the field of binary options books?
Hamish Raw is one such author, known for making complex topics accessible through his books like ‘Binary Options: Fixed Odds Financial Bets’. Alex Nekritin is another reputable author in this space, who has written works such as ‘Binary Options: Strategies for Directional and Volatility Trading.’ His books often focus on strategies for successfully trading binary and are geared toward both novice and experienced traders.
Is there a Quotex trading book?
While there isn’t an official Quotex trading book, there are Quotex Trading PDFs available online that can serve as educational resources. These binary trading PDFs provide comprehensive guides on various trading strategies, including scalping, breakout, and trend-following strategies. Find the Quotex trading book PDF here.