Trading Binary Options: Strategies and Tactics
Long the province of financial professionals, binary options are now available to retail traders and investors. With trading volumes quickly growing and new markets for binary option plays coming on board, the simple structure of this product allows you to trade in over 20 different underlying markets, from currencies to indexes to commodities.Now, in Trading Binary Options, author Abe Cofnas—a leader in the field of currency trading, analysis, and training—reveals how the average person can achieve above-average returns on a weekly basis, using specific strategies and tactics in their binary option trading endeavors.While there are many variations to this type of trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex). Chapter by chapter, it takes you through the basic features of the binary option instrument as well as provides a detailed review of fundamental and technical analysis useful to making trading decisions. And, due to the fact that trading can no longer be separated from the Internet and the social media it has generated, new online tools and techniques for detecting market sentiment are also addressed.Along the way, you'll gain valuable insights from real-world examples of how to scan the political and economic news and formulate appropriate binary option trading strategies. Case studies of binary option trading in relationship to key news events that we have recently lived through are fully explored—from U.S. Congressional elections and the Greek sovereign risk crisis to the turmoil in the Middle East and the earthquake that rocked Japan. Key trading strategiesare also reviewed with examples that include: At-the-Money; Out-of-the-Money; In-the-Money, Deep In-the-Money; and Deep Out-of-the-Money.Rounding out this detailed discussion of binary options are four information packed appendices. Here, specific training challenges are provided, including a test of your trading knowledge, as well as details on Nadex contract specifications.As the first book solely devoted to this topic, TradingBinary Options offers comprehensive coverage of this discipline. It will show you what it takes to capture consistent profits when trading binaryoptions—by anticipating market direction, understanding risk management, and effectively entering and exiting trades—and help you hone the types of skills that will allow you to excel in today's dynamic market environment.