The best Binary Options Books for beginners
Table of Contents
Binary Options are a relatively new financial tool. They came into the world in 2007 when they were approved by the US Securities and Exchange Commission. Since then, many traders have chosen to invest in binary options trading because of its simplicity. Since binary options are new, many people are not familiar with their features.
So, here we will present the best binary options books for beginners, intermediate and advanced traders. Sometimes even the most experienced traders can benefit from outsiders. Although the best binary options brokers tend to offer tips and tricks and fake accounts to hone their skills, they are not the only source of information available.
Many of us choose to “read more” at different stages of our lives. So, why not put this into practice and read a good book on binary options trading? With that in mind, here’s a reading guide.
What to look for in a good binary options book?
Binary options differ from other financial instruments only in terms of the way the trade is conducted and the end goal of the trade. In binary options, you have to guess whether the price of a security will rise or fall after a certain amount of time. And you invest a certain amount in the currency.
If you’re right, you’re getting around 80% interest on your investment (prices vary depending on your binary options broker). However, if you make a mistake, you lose your entire stake.
There are many similarities between binary options and standard forex or stock trading. This comes from the analytical part. Binary options are analyzed in the same way as any other financial instrument. For example, if you have a EUR/USD binary option, you analyze it in the same way as any other type of EUR/USD contract. Ultimately, the focus is on EUR/USD.
So, many books to help with binary options are forex trading or stock trading. However, a good book on binary options can assure you that it will never be too complicated. Look for books that do not contain simple, comprehensive financial reports. After all, your goal is to understand the theory, not to complicate the process.
Some of the topics covered in a good binary options book are:
- Fundamentals of Binary Options
- Trade Management
- Strategy
- Crisis management
- Volatility
- Volume
- Technical analysis
- Indicators
- Average movement
- Oscillator
- Impulse
- Inflation
- Cash Credit Policy
Some of these topics are for beginners and others are for intermediate and advanced traders. However, all of these topics are important to a successful binary options career. You can find each of these topics in a variety of useful books on binary options trading.
The Best Binary Options Books: Our top picks
Different books on binary options have different theories. And this theory is suitable for people with different levels of commerce knowledge. This is why we divide the best books on binary options into three different groups.
1. Binary Options Unmasked – Anna Coulling
For those who are still tentatively exploring binary options platforms and still wanting to make decisions, this book is worth paying attention to.
“Do you want to trade binary options?”: This is a simple enough question, but it can be difficult to answer due to inaccurate information and “too good” statements about the risks involved in this type of trading.
Written from a critical but impartial perspective, Culling’s book seeks to provide a “balanced and measured view” of the market. It provides introductory tips for using this tool and explains some basic trading strategies. The book also specifically addresses the “unwanted trap”. That is a variety of tricks used by a handful of unscrupulous companies to lure new traders with false claims.
Binary options are considered perfectly valid trading instruments, but they can also be a foolish way to quickly lose money if done wrong. This book will help you on the right path.
Broker: | Review: | Advantages: | Account: |
|---|---|---|---|
1. Quotex  | + Accepts international clients + Crypto payments + Bonuses + High payout 95%+ + Best platform | Live-account from $ 10 (Trading includes risk) | |
2. IQ Option  | + Easy platform + Best support + Highest yield + Multiple payment options | Live-account from $ 10 (Trading includes risk) | |
3. Pocket Option  | + Accepts any clients + Bonus program + Social Trading + Accepts international clients | Live-account from $ 50(Trading includes risk) |
(5 / 5)
(4.9 / 5)
(4.7 / 5)2. Binary Options: A Beginner’s Guide to Trading and Profits by Edward Dorsey
The book is meant for beginners. It is another good book on binary options trading is a beginner’s guide to trading and profit. In this book, Dorsey shows you how to create live binary options trading.
The book covers some of the raw fundamentals, such as how binary options generally work and also explains trading strategies and risk management.
One of the main topics of this book is how to reduce risk when trading binary options. However, the book also covers some of the fundamental analysis, as it shows what events in the world can affect the price of those financial assets and their binary options.
3. Binary Options: Fixed Odds Financial Bets – Hamish Raw
This book has been pretty much around while binary options have existed as a trading tool per se, but it’s one of the clearest explanations of how binary options actually work.
For the author, the simplicity of binary is one of its greatest strengths. From the outset, he would like to point out that bettors such as the Grand National or the Kentucky Derby are opting for binary options, albeit under different names (fixed odds). In theory, incentives provide an inexpensive way to leverage market intelligence in a limited risk environment.
Using this as a starting point, he continues to explore the importance of time, volatility, and price (“Greece”) in determining the range of “price” that can be made and the value of that ratio.
This book is refreshing in that it not only ignores the fact that binary options are essentially a form of gambling but also explains in a relatively simple way, in betting language, how this financial tool works in real life.
4. Call or Put: How I Profit Using Binary Options by Dennis Preston
The book is for traders with moderate trading experience. It was written by Dennis Preston, a writer who specializes in currency and day trading. Preston is known for his ability to communicate his thoughts in easy-to-understand language. His book Call or Put focuses on strategy building and how Preston prospered in the binary options market.
This book is suitable for experienced binary options traders as it provides strategic advice on how to increase your chances of success with binary options strategies. This boom may not be necessary to generate consistently stable returns.
(Risk warning: Trading involves risks)
5. 60 Second Binary Options Sniper by Jack Swift
The book is meant for an advanced trader. Jack Swift’s boom is a 60-second binary options shooter. This book is suitable for traders with extensive experience in the binary options market. Because the strategies revealed in this book require considerable training and persistence.
This book presents strategies for binary options with an expiry date of only 60 seconds. Therefore, the writer Jack Swift is aiming for higher profitability as the bargaining volume will surge due to the short shelf life.
This book introduces the topic of quick profits, a commonly taboo topic in financial markets and trading. And Jack Swift actually shows an approach that can make you think of a faster way to make money.
6. Earning Daily Income in Financial Markets: A complete Binary Options Trading timeline for beginners – Sid Bhattacharjee
This book is designed for beginners and provides a personal and practical overview of binary options as a trading tool.
It provides information on the different markets available and guidance on how to enter the right trading mood. Pay special attention to the “Four Week Action Plan” for new traders. We offer advice on how to choose a platform, starting with a test drive before moving on to real money trading.
7. Binary Options: Effective strategies to dominate Binary Options by Jordon Sykes
This book is for all levels of traders. It was written by Jordon Sykes, a writer focused on beginner crafts. Sykes shares his vision of how to make money by trading binary options. The best thing about this book is that it also contains useful technical analysis ideas when trading binary options.
Sykes admits that his book doesn’t help you master the subject of craft, but it does help you explore deeper realms that can pay off much later.
This book compares different strategies and shows what works and what doesn’t. Although this book is aimed at beginners, it also introduces some advanced methods so you can turn this book into an intermediate reading on binary options.
(Risk warning: Trading involves risks)
8. Candlestick Charting for dummies by Russell Rhodes
If you need a quick, serious overview of a difficult area, you’ve most likely already searched for a dummy book before. With simple prose broken into small pieces and lots of diagrams, this tutorial series rarely disappoints.
It is worth noting that this series contains many articles of interest to traders, including a technical analysis of Dymis and Money Trading on Dymis. Dedicated to charter candlesticks, this book will be a good read for anyone who may struggle to understand this particular area of analysis.
Lighting is a very useful and informative trending tool, providing traders with detailed information about open and close prices, highs and lows, and the full range, often over very short periods of time. It is an important part of any trader’s toolbox, including binary options traders.
This tutorial will show you how a candlestick chart is constructed and how to interpret it. It shows you how to identify a bull market and a bear market, how to avoid false signals, and how to align the light with many other indicators.
9. Day Trading: Vital strategies for Intermediate level strategies by Brian StClair
The book is meant for traders with moderate-level trading experience. It will show you an advanced way to use binary options, stocks, or ETFs. The author is writing a book on the strategic aspects of binary options trading, which details solutions to many tactical issues, such as how to place trades in the market and the starting range you can choose from.
The book starts with the basics and moves on to intermediate topics such as:
- Advanced graphics model
- RSI indicator
- How to avoid common market failures
The book ends with some advanced techniques to help you move on to professional-level research.
10. How to master the psychology of Forex & Binary Options trading: The definitive guide to developing a winning trading mindset by William Allen
The book is meant for advanced traders. It covers the psychological part of trading, an area that most traders forget.
In this book, author William Allen explains public psychology and frustration with trade losses. The book continues with a gradual shift towards personal psychology and data interpretation.
You will learn how your thoughts influence the decision-making process of trading, which at the same time reflects your effectiveness.
One of the useful things about this book is that it teaches you how to identify periods of inclination of the mind before it influences your trade judgment. This book teaches us how to distinguish between the conscious behaviors and habits we have unconsciously.
The purpose of this book is to teach the mind to do the right thing when you act without even thinking.
(Risk warning: Trading involves risks)
11. Understanding Company News: How to interpret stock market announcements – Rodney Hobson
The best binary options trading platforms usually offer to alert services that deliver market news directly to the consumer’s smartphone. This often includes company-specific news, such as annual earnings, share buyback activity, and earnings announcements.
For anyone who doesn’t know how markets and companies work, this kind of data can easily be ignored as “noise”. However, quarterly reports and various other corporate news can be important signals for binary options trading. This is especially because a large or weak performance of a large company can cause significant declines or price increases.
So, how to understand the flow of stock market news? This volume provides thorough logic. The focus on UK-listed companies is on the London Stock Exchange, but the general principles outlined are useful when taking a perspective on companies from other parts of the world.
There is good background information on how, when, and why businesses should disclose certain information. It also provides an overview of all standard descriptions that companies must publish, and explanations of all jargon related to them. This book shows which publications can influence stock prices in which way.
And finally, another tip to read about binary options: Avoid anything that claims to be a sure way to get rich quickly. Decide to start working in your chosen market. In the long run, it will provide a much better service.
12. High Probable Japanese Candlestick Patterns by Theodore Kekstadt
The book is meant for traders with moderating trading experience. Candlestick patterns are an important part of technical analysis when trading binary options. That’s why we present the book High Probable Japanese Candlestick Patterns by experienced trader Theodor Keckstadt.
This is a small book that contains photos of the best candlestick patterns representing the momentum of the market. These patterns will help you spot more opportunities on the trading charts.
The purpose of this book is to provide an opportunity to evaluate trading opportunities by providing a different perspective on technical analysis. After reading this book, you will learn how to better manage your risk, eliminate flaws in your trading style and increase your profit potential.
(Risk warning: Trading involves risks)
13. Advanced Technical Analysis: The complex technical analysis of assets Wojciech Jakub Podoba assets
The book is meant for advanced traders. It is another book for experienced traders. Ideal for investors looking to expand their technology trend analysis.
In this book, author Wojciech Jakub Podobas presents some indicators that most binary options traders have never heard of.
- Overall trend indicators
- Alternative Arbitration Index
- Personal Moving Average
- Personal RSI Indicators
This book contains ideas on how to add a personal touch to most technical indicators that better fit your individual trading conditions. This will help traders better understand the trend.
This book is not specifically for binary options. This is for general technical analysis, but it also applies to binary options trading.
14. The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading by Christopher Carlson
The book is mostly for newbies. The Binary Options Information Book is for those who want to enter the binary options market. This is because this book is a guide and its purpose is to clear up beginner-level misunderstandings when trading binary options.
Some of the topics in this book are:
- The currency in which to trade binary options.
- Best time to trade
- How to recognize winning opportunities on the chart
- How to avoid scams
This topic is important for those who have not yet started trading binary options. If you are already a trader, you may already know the answers to these questions, and you should look for more advanced books.
Get the book here.
Conclusion
Binary options are a very easy-to-understand trading tool, but perhaps the most difficult to understand. In terms of binary options, the line between trading and gaming is very thin. And many people don’t know when they stopped trading and started playing.
This is why you should complete the necessary training and before you start trading binary options. A demo account is a good start to prove your readiness.
Reading these binary options books we have provided will take you to a new level of experience on a technical and psychological level. Some of them are available in PDF format. These two are the most important parts of binary options trading. You will find that a one-time deal is not worthy of your anger or joy. A single trade is itself only a small vehicle for larger regular revenue trades.
See our other article about Binary Options:
(Risk warning: Trading involves risks)
Last Updated on April 14, 2023 by Andre Witzel
