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The advice and strategies contained in this publication may not be suitable for your situation. You should consult with a professional, where appropriate. The author shall not be liable for any loss of profit, or any other commercial damages including, but not limited to special, incidental, consequential, or other damages.
Who This Book Is For? If you are even thinking of dipping a toe into the world of binary options, this book is for you. Even more so, if you are a novice or inexperienced trader. Binary options are some of the most powerful, yet potentially destructive financial instruments to hit the trading world in the last few years. However, beneath this simplicity lies a web of complexity, rarely revealed or explained in detail. For the unwary, there are many hidden dangers, and used in the wrong way they are likely to destroy your capital fast.
If you want to learn how to avoid the pitfalls and traps lurking in this market, this book is for you. Binary options are perfectly valid trading instruments, but you have to understand the risks, and manage those risks accordingly. What This Book Covers? Binary Options Unmasked has been written to provide an objective and balanced view on this relatively new trading instrument. All market instruments carry risk, some more than others, and this is no different with binary options.
No speculator or investor should ever invest or speculate in an instrument about which he or she has little or no knowledge. There is no right or wrong way to approach the markets, only the right way for you, and I hope this book will explain all you need to know about binary options. The pros and cons, the risks, and yes, the scams you need to watch out for. Starting with the probabilities and risks involved in binary options, the book moves on to consider trading techniques to harness their power.
These include using volume price analysis, and trading on multiple charts, incorporating both tick charts and more conventional time based charts. From binary options, the book moves forward to binary spreads, which are now becoming increasingly available and explains how to use these in hedging strategies to manage risk. Each topic and instrument is explained with both charts and schematic illustrations to help you learn more quickly. If you want to discover more about binary options before entering this market, this is the book for you.
Table of Contents Foreword An introduction to this book which explains who I am, why I wrote this book, and what I hope you will gain from reading it. Binary Options Unmasked is just that. The world of binary options is not all it seems, but if you are prepared to take the time and understand these instruments, it will be time well spent.
Here I explain the various profiles of fixed odds, binary probabilities and everything in between as well as the crossover and linkages from sports betting to financial trading.
In addition, I also introduce the concept of time which is one of the pivotal principles of trading both binary and vanilla options. In this chapter the world of off exchange brokers is explained, as they are often the starting point for many traders. It is these brokers who are increasingly under the spotlight from the regulatory authorities, alarmed at their proliferation. Chapter Four : On Exchange Binary Brokers On exchange binary options offer a more flexible alternative to the on exchange products.
These instruments resemble, and are more akin, to vanilla options both in their construction and also the trading environment. It is powerful and simple, and once learnt can be applied to any chart in any market, and is the perfect method to analyze intraday charts trading binary options. Using this approach will help you to trade with confidence on any chart from minutes to hours, and from days to weeks.
Chapter Seven : Volatility Explained Volatility lies at the heart of options trading. In this chapter you will discover where and how to interpret volatility quickly and easily, using a variety of tools, indicators and indices. Chapter Eight : Binary Option Products Here I introduce the most popular binary option products available today. I explain what they are, how they work and how to approach them as traders.
Chapter Nine : Vanilla vs Binary Options A vanilla option is very different to a binary option. In this chapter I explain the main differences between these two instruments. It starts with the chart, and here I explain the steps to take as you prepare to trade binary options. Chapter Eleven : Binary Options Strategies In this chapter I walk you through several trading strategies starting with the simple, before moving on to the more complex as I show you how to use a binary option to manage risk in an underlying market.
I also explain the mapping of strategies, which is a vital ingredient of trading success in the binary world. Chapter Twelve : Are Binary Options For Me? The debate continues as to whether these new instruments are betting or trading. In this section you will find a range of free trading resources which I have used throughout the book. These resources include where you can find free live prices and charts for yourself. Testimonials Here are just a few of the many email testimonials.
For all the books and investment courses I bought your book is the easiest to understand. I read your book once and already understand the market better. Forex for beginners, was a great read. Your description of the trade was first rate, and the use of multiple time frames a revelation. What I appreciate most is your teaching style Thank you for writing such a great and informative book. I think this book is very well written and has helped me read the charts better. I think your book is under priced!!
Just a quick message to say that I love your book. Hi Anna! Foreword The goal of a successful trader is to make the best trades - money is secondary Alexander Elder - We all dream of financial freedom. Of finally giving up the day job, and never having to worry about money again. No more worrying about paying the bills, or working in a job we hate. No more commuting, no more boss, and no one to tell us what to do or when. Imagine working from home with just a computer and a broadband connection.
A better quality of life for our family. More time with our partner. More time with our children. More time to actually enjoy life, and with enough money to buy those luxury items we have always dreamed about. The fast car, the holiday home, the boat perhaps. All of these things and more, are now within our grasp. All we have to do is forecast whether a market is rising or falling in the next few minutes, and by how much. It sounds so simple. What could be easier? This is the dream of many traders, but is one few ever achieve, and sadly it remains just that, a dream.
It is also the message many binary brokers promulgate with slick marketing campaigns and some clever tricks, guaranteed to lure you in with promises of get rich quick returns, using a small amount of trading capital.
Every emotional lever is used, with binary options promoted as the quick and easy way to fulfill your dreams. This is further endorsed by the less scrupulous internet marketers, who see this as the next get rich quick opportunity for themselves.
The binary brokers share some blame. However, as you will discover there are some excellent ones, but these are few and far between. The regulatory authorities in many countries have become so alarmed by the explosion of this market, many have banned this form of trading completely. Some consider binary options as speculative trading instruments with regulation then falling within the financial services sector, whilst others consider them betting and gaming and regulated accordingly.
The latter are generally countries who see this market as one for potential economic growth, and therefore take a more relaxed approach to the risks.
It is a market which is growing exponentially, and gaining in popularity as more and more traders are drawn to it like moths to a flame. I could explain binary options in one short paragraph. In fact in chapter one I do just that. So, why have I written a book on the subject? Let me draw a parallel here with the forex market which has many similarities.
Ten years ago you would have been hard pressed to find a forex broker, let alone be able to place a trade easily. Gradually over the years, the retail trader and investor has become wise to the scams, sharp practice and over hyped marketing messages.
The market has matured, aided by the regulatory authorities with traders of all levels becoming increasingly knowledgable. Long term success requires effort, good money management and a deep understanding of price action and market behavior.
Sitting somewhere between fixed odds and vanilla options, binary options have it all, offering a broad range of markets, and not just forex. Like a simple pack of cards, all you are being asked to do is to guess whether the next card is higher or lower than the last.
A simple decision, with a simple outcome. Simplicity in spades. Mobile platform allows you to place trades if you are waiting in line for Starbucks coffee if you are on a train or even if you are bored on some of the lessons on your college. We can also mention that mobile platform looks like a regular trading platform, it is just adjusted for your phone, so you can comfortably place trades from the palm of your hand.
There is no reason for brokers to charge for their mobile applications. They aim to provide the best user experience and they have ensured many free services for their clients, so the mobile platform is one of them. Depending on the customer care level, each broker has taken higher or lower level of attention for their application quality. It also depends on how much they have invested in the development of a mobile trading app. Every broker provides technical information about requirements for particular mobile device.
Those who use a bit older software versions will have to check if they comply the criteria for using the app. Both App Store and Google Play store provides specific information about every broker trading platform.
What all mobile applications have in common is that they provide the possibility to execute instant trades. Most binary options trading apps enabled traders to directly deposit their investment.
Various brokers offer their traders to get latest financial news through the trading platform, which is extremely helpful. In basic features, we can also include the charts and up to date information about asset values. It is very important to know if the broker provides live feed information for its mobile trading app.
We have been reviewing several reliable brokers and found out that all of them have a few same features available for their clients. Besides being free, broker applications that are customized for mobile phones are available both for Android and iPhone users. Applications offer to trade with all assets, including currencies, stocks, indices, and commodities.
Every broker has its own underlying asset list, but all of them offer all four groups for their traders. As we have already mentioned, traders will be able to react promptly if they have instant access to financial market events. High-quality mobile applications are very user-friendly and simple to use. All brokers are aware that their applications must be simple to navigate if they want to ensure good traders experience.
All mobile applications are adapted for a vast amount of smartphones and it let traders have functional product in their hands. With Binary Options Robot, mobile trading has become better than ever as traders can place their trades and deliver their questions to the customer support while on the go.
Also, all important features that traders find relevant on the desktop platform, are also present on the app. Max daily trades and Daily stop loss are available for traders with a real account, while VIP traders, as usual, get additional features. Binary Options Robot is advanced and sophisticated binary trading software that is based on computer algorithms which reduce any chance for human errors.
It takes great pride in personalized approach offered to traders all over the world who want to take advantage of latest technologies. Traders who decide to trade with Binary Options Robot can also select their favorite auto trading broker among the very best brokers available.
Internet is required only when trader wants to check trading history and manage his preferences. Trade with an award-winning broker like IQ Option. Disclaimer : This website is independent of binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade binary options.
Information on BinaryOptionRobot.
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