Binary options forex strategy books
Aimed at newcomers, this book provides a personal and pragmatic overview of binary options as a trading instrument. It provides information on the various markets available and also includes insight on how to get into the right frame of mind for trading. It gives tips on choosing a platform, starting off with a trial run, before graduating to trades with real cash.
With simple prose broken down into bite-size chunks and plenty of diagrams, this series of instructional manuals rarely disappoints. This volume, dedicated solely to candlestick charting, is a good read for anyone who might be struggling to get to grips with this particular area of analysis.
Candlesticks are information-dense, highly useful means of identifying trends, providing traders with details of opening and closing prices, highs and lows and overall range — often over very short timeframes. This guide demonstrates how candlestick charts are constructed and how to interpret them. It shows how to identify bullish and bearish markets, how to avoid false signals and how to combine candlesticks with a range of other indicators.
Frequently, this includes news relating to specific companies, such as annual results, share buying activity and profit announcements. Yet quarterly reports and various other company news can act as valuable binary options trading signals; not least because stronger or weaker than expected numbers from big companies can in themselves trigger significant drops or gains in share prices.
So how do you begin to make sense of your stock market news feed? This volume provides a thorough grounding. Although the emphasis is on UK companies listed on the London Stock Exchange, the broad principles explained are useful if you are taking a position on companies elsewhere in the world. It also gives you an overview on all of the routine statements companies are expected to issue, explaining all associated jargon. The binary options sector has sometimes attracted a lot of misinformation online, fortunately that problem has not blighted the printed word in the same way.
Most of the books written on the subject are honest, and describe binaries accurately. There are of course, some books that are better than others, and below, we highlight the books we think are the best for traders at particular points of their trading journey. Hamish Raw is perhaps the leading writer on this subject. For those just hearing about binaries, and considering looking into the subject further, this book is worth close attention. This volume, dedicated solely to candlestick charting, is a good read for anyone who might be struggling to get to grips with this particular area of analysis.
Our Charts page also explains the basics of candlestick charts. Some may even go beyond their direct stock price, and affect commodity or forex prices. As an example, the Google tax issue with Ireland had ramifications across all sorts of sectors. It also provides a jargon buster which is very useful. Vitally, the book shows you what type of announcements are likely to affect the share price — and in which direction. These books all cover binaries and digital trading in an open, honest and transparent way.
Binaries are a form of trading just like any other, they need learning and understanding. Hopefully our recommended books can help our visitors do that.