The market for instructional books on binary options trading is expanding as investors and traders become more accustomed to customizable and low-risk instruments.
These books make it easier for beginners to understand how to successfully trade binary options. Check out our list of the top 10 best binary options books for learning to trade:
Key Facts About Binary Options Books
- The quality of a binary options book often correlates with the author’s experience and credentials in the field, indicating their authority to provide reliable information.
- Excellent binary options books go beyond surface-level explanations, offering both theoretical knowledge and practical strategies that traders can apply in real-world scenarios.
- Good books are well-structured, starting with foundational concepts and progressing logically to more advanced topics. This structure enhances the reader’s readability and comprehension.
- Including real-world examples and case studies enriches the content by providing practical context, helping readers understand how theoretical concepts apply in actual trading situations.
- Books that feature interviews or insights from industry experts offer a well-rounded perspective on the market, giving readers varied viewpoints and deeper insights into trading strategies and market dynamics.
1. Binary Options by Hamish Raw
The first book is “Binary Options—Fixed Odds and Financial Bets” by Hamish Raw. From our perspective, it is the best book on 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 book also discusses Lloyd’s of London, the largest single marketplace for binary options, known as insurance contracts. Sports fans use binary options whenever they bet on a horse or a football team through a sportsbook or bookmaker.
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 essential 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 and market-makers looking for in-depth insights into binary options’ mechanics.
2. Binary Betting by John Piper
The betting world is rapidly evolving, and “Binary Betting” stands out as our second top recommendation for great books on binary options trading because it directly addresses these changes.
In recent years, betting on sporting events and trading in financial markets have become more connected, and binary betting has resulted from 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
- Closeout 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 options betting. It explains in simple language what binary options 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 teaches you how to identify trends. It 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 entirely wrong!
Traders can learn what makes binary betting the fastest-growing area of betting and why they are switching to the new, exciting world of binary betting.
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 recommend 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. The author, Abe Cofnas, explains how independent traders and investors can use binary options to speculate on the 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, the best trading strategies, 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 provide 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 who want to expand their knowledge of binary options and learn 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 monthly Return on Investment (ROI) in the region of 185%. Trading is an investment and should be treated like a business to be successful.
There’s plenty of hype surrounding quick profits: “Double your money in no time…” “Make money in less than 1 hour…” While these claims can be valid, it’s equally possible for traders to quickly double their losses or lose a significant portion of their investments in just minutes.
The author of this book has consistently made a lot of money using the winning formulas he teaches in the book. 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 binary options – one-touch, over/under, limit, etc. 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 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 illuminates the optimal trading times. A blend of theoretical insight and actionable strategies, it aims to equip novice and experienced traders with the tools they need to confidently embark on their trading journey.
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 foundational knowledge and actionable insights to kickstart their trading endeavours.
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. It blends theoretical insights with 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.
Sykes emphasizes combining knowledge of binary options with a strong understanding of market dynamics. This approach helps traders make informed decisions based on technical analysis and market trends.
The book also covers strategies for managing risk, an essential skill for sustaining a trading career. This includes setting appropriate risk limits and learning how to balance potential gains against possible losses.
By covering basic concepts and more advanced techniques, the book empowers traders to progress at their own pace and build on their knowledge as they gain more experience.
This book is recommended for Traders 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 focuses on a 60-second binary options trading strategy to capitalize on high-probability trading setups. This guide employs a mechanical approach to minimise emotional interference, using three key technical indicators to identify opportunities that offer consistent and reliable income.
Packed with charts and real-world examples, the book is essential for intermediate to advanced traders aiming to refine their trading strategies for quick, consistent gains. Specifically recommended for intermediate to advanced traders, the book assumes that traders already have a basic understanding of binary options trading, allowing them to dive deep into advanced techniques without needing to cover the basics.
The mechanical strategy taught to readers is crucial for traders who struggle with the emotional aspects of trading. It provides a disciplined framework to follow, thus limiting impulsive and potentially unprofitable decisions.
The book is precious for traders who want to sharpen their quick trading skills and achieve consistent results in a high-pressure trading environment.
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.
Anna Coulling starts by thoroughly analyzing the binary options market, ensuring readers understand its structure and the external factors that affect it.
She lays a solid foundation by discussing the positive aspects of binary options trading—such as its accessibility to beginners and the potential for quick profits. These sections aim to equip new traders with practical strategies and provide a pathway to begin their trading journey on solid ground.
However, Coulling does not shy away from the less savory aspects of binary options trading. She thoroughly examines the risks and common pitfalls that traders often encounter, including a frank discussion of the industry’s prevalence of scams and fraudulent practices.
By educating readers about these dangers, Coulling ensures that traders are well-prepared to protect themselves from such threats.
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 on our top 10 binary options trading books list is Beat Binary Options: Winning Financial Betting Strategies for Today’s Markets by Drew Kasch. Although it ranks last, it remains an essential read, precious for those who are not just beginning their trading journey but have some experience under their belts.
This binary trading book is designed for intermediate to advanced traders and 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.
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.
Traders learn how to stay disciplined, manage their emotions, and maintain a strategic approach in the face of market volatility, essential skills for anyone looking to thrive in financial markets. As such, this book is a must-read for anyone, not just binary options traders, since the knowledge can be applied to any trading, including currency trading, day trading, or stock trading. It is a must-read!
This book is recommended for experienced traders who aim to refine their strategies and gain a deeper psychological understanding of the binary options market.
All of these books are good options for trading books and will enhance your knowledge. Consider reading them!
What Makes a Binary Options Book a Great Read?
Let us first discuss what makes an excellent binary options book. As you can probably guess, the author’s credentials and experience in the field can indicate the quality of a good binary options book. But that’s not all—an excellent binary options book doesn’t just scratch the surface; it dives deep. It offers theoretical knowledge and practical strategies that traders can implement.
You can compare a bad binary options book to a good one simply by looking at its content. Good binary options books should be well structured, starting with the basics and gradually moving on to more advanced topics, making them easier for the reader to follow. The author must convey the knowledge competently and practically.
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, an excellent 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 an excellent binary options book. Use them 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 read it and ensure 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, identify 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. A demo account will be used to test these strategies in a risk-free environment. This hands-on experience will help you understand how different variables, including emotions, can affect your trading decisions. You’ll see firsthand how fear can make you second-guess a well-planned trade or how excitement might tempt you to stray from your strategy.
By experiencing these emotional swings in a simulated setting, you’ll learn to recognize them and develop coping mechanisms to keep them in check. This emotional awareness will be invaluable when transitioning to live trading with real capital.
It’s also helpful to keep a trading journal to record what works, what doesn’t, and why. Over time, you can refine your strategies and make more informed decisions. If exercises or quizzes are in the book, ensure 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 Options 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 is 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 binary options.
Frequently Asked Questions (FAQs)
Why are binary options books becoming popular?
Binary options books are becoming increasingly popular. They offer practical insights and strategies, making them valuable resources for new and experienced traders. Despite the popularity of video training, many people still prefer to learn 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 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?
Books on binary options are complementary resources that enhance understanding and strategy but don’t replace trading platforms. They are educational tools to help you understand the market, its mechanics, and various trading strategies. They can give you the theoretical knowledge to approach binary options trading confidently. 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 an author known for making complex topics accessible through his books, such as Binary Options: Fixed Odds Financial Bets. Alex Nekritin is another reputable author who has written works such as Binary Options: Strategies for Directional and Volatility Trading. His books often focus on strategies for successfully trading binary options and are geared toward novice and experienced traders.
Is there a Quotex trading book?
While there isn’t an official Quotex trading book, Quotex Trading PDFs are available online and can serve as educational resources. These binary trading PDFs provide comprehensive guides on various trading strategies, including scalping, breakout, and trend-following. Find the Quotex trading book PDF here.
Rogeria
says:Bonjour Monsieur Witzel
Je voudrais savoir si vous donnez des cours pour les options binaires.
J’étudie seule et je ne trouve pas assez de contenu sur internet , pouvez vous me conseiller un livre à un cours? Merci de votre aide.
Rogeria Teixeira