We’ve mentioned several times in the past that in order to be successful education is one of the key factors to achieve that goal. That is true also for binary options trading and that is why we’ve designed this article to talk briefly about some of the books that can help you understand better how the binary options industry works.
Binary Options: Fixed Odds Financial Bets by Hamish Raw
This book talks about the fixed odds bets and illustrates in greater detail how they operate in the financial sector. You will find also an in-depth analysis of how the value of a bet is dependent on the passing of time, the volatility of the underlying instrument, and the price of the underlying instrument. Advanced bets are also presented in the book. You will manage to find how you could use binary options in various market conditions, together with techniques about how to use binary options for hedging.
Binary Options Unmasked by Anna Coulling
This book tries to reveal the true characteristics of the binary options industry. It describes the current market participants, and also what products they are offering. Besides an in-depth explanation of the binary options, you will find various applications for them as trading instruments. Trading strategies and different approaches are also discussed in the book along with a brand new approach to volatility, one of the key components of options trading.
The goal of the book is to make binary options traders fully aware of the instruments they are trading and helping them to benefit from the advantages offered. By reading the book you will find a balanced view of these powerful instruments.
These two books are a very good start, especially if you are at the beginning with binary options trading. Read them carefully, understand what binary options are and how they function in order to find out if you could integrate this kind of instrument in your trading portfolio. You need to understand better how they function in order to be able to use them properly and manage to generate consistent profits over the long run.