Trading Binary Options: Strategies And Tactics [Book Review]

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Cofnas, rading Binary Options: Binary options are simple trading instruments that are designed to offer an attractive alternative for the directional trader with a small account. Traders who have shied away from options because they seem overly complicated may be relieved to learn that understanding the Greeks is not essential in the world of binary options. How much does he think the market will move in a given length of time and in what direction? Of course, getting the direction, magnitude, and timing of a short-term trade weekly, daily, and a selection of intraday expiries right is a daunting task.

Cofnas therefore devotes four chapters to tools the binary options trader can use to improve his skills: He then describes in some detail seven major binary option trading strategies that can be used to respond to global market-related events: Cofnas also devotes a full chapter to using binary options to trade the non-farm payroll report.

The book concludes with chapters on risk management, metrics for improving trading performance, performance tools and training for improving trading, and a question quiz. Traders who want to get a feel for binary options can create a free paper trading account at Nadex. As, of course, is trying out some strategies in a paper account to see whether they are solid enough to overcome the wide spreads and, in the case of Nadex, to beat the house.

Strategies and Tactics by Abe Cofnas. A clear and practical guide to using binary options to speculate, hedge, and trade. Trading Binary Options is a strategic primer on effectively navigating this fast-growing segment. With clear explanations and a practical perspective, this authoritative guide shows you how binaries work, the strategies that bring out their strengths, how to integrate them into your current strategies, and much more.

This updated second edition includes new coverage of Cantor-Fitzgerald binaries, New York Stock Exchange binaries, and how to use binaries to hedge trading, along with expert insight on the markets in which binaries are available. Independent traders and investors will find useful guidance on speculating on price movements or hedging their stock portfolios using these simple, less complex options with potentially substantial impact.

Binary options provide either a fixed payout or nothing at all. While it sounds simple enough, using elite binary options traders strategy that is proven to work! effectively requires a more elite binary options traders strategy that is proven to work! understanding of how, where, and why they work. This book provides the critical knowledge you need to utilize binary options to optimal effect.

Popular in the over-the-counter market, binary options are frequently used to hedge or speculate on commodities, currencies, interest rates, and stock indices.

They have become available to retail traders through the Chicago Board Options Exchange and the American Stock Exchange, as well as various online platforms, allowing you the opportunity to add yet another tool to your investing arsenal. Trading Binary Options is the essential resource for traders seeking clear guidance on these appealing options.

Since Abe Cofnas first demystified the world of binary options with the groundbreaking first edition of Trading Binary Optionsthe market has evolved and grown, yet his dependable strategies and world-class training approach still transform novice and experienced investors alike into more profitable traders. These simple over-the-counter instruments offer traders uncomplicated access to more than twenty different underlying markets, including stocks, indexes, currencies, and commodities.

With the practice-based guidance inside, you quickly get up to speed on the fundamentals of binary options and the latest ways successful traders are using fundamental and technical analysis to make more lucrative trading decisions.

As illustrated through an illuminating number of real-world case studies, binary options open up opportunities to capture a substantial payout, on a weekly basis, by speculating elite binary options traders strategy that is proven to work! market direction. The trick is to develop a rock-solid system for identifying how political and economic news will impact different markets, and this step-by-step book shows you how with:. Side-by-side elite binary options traders strategy that is proven to work!

show you how major events, such as government elections, economic crises, and natural disasters, move markets and how to use that knowledge to make the most money. Before you risk real money, this complete training program offers insightful practice material to test your knowledge, powerful digital resources for training and practical information, and details on Nadex contract specifications.

Trading Binary OptionsSecond Edition is the elite toolbox of the accomplished trader who needs to draw above-average returns from the market on a weekly basis. Leading analyst and educator Abe Cofnas walks you through the proven strategies and tactics of top practitioners trading binaries today and fully prepares you to proficiently use them in the real world.

Then, this valuable guide stays with you as you develop your skillset by showing you the way to the next level by:. Turn your knack for assessing how public opinion and major news events impact markets into the easiest way to maximize your investments with Trading Binary Options.

Strategies And Tactics, 2nd Edition — Book Review by Brenda Jubin Binary options are simple trading instruments that are designed to offer an attractive alternative for the directional trader with a small account. Strategies and Tactics by Abe Cofnas A clear and practical guide to using binary elite binary options traders strategy that is proven to work!

to speculate, hedge, and trade Trading Binary Options is a strategic primer on effectively navigating this fast-growing segment. Learn hedging and trading strategies specific to binaries Choose the markets with best liquidity and lowest expenses Find the right broker for your particular binary options strategy Utilize binaries in conjunction with other strategies Popular in the over-the-counter market, binary options are frequently used elite binary options traders strategy that is proven to work! hedge or speculate on commodities, currencies, interest rates, and stock indices.

Trading Binary Options — Review From the Inside Flap Since Abe Cofnas first demystified the world of binary options with the groundbreaking first edition of Trading Binary Optionsthe market has evolved and grown, yet his dependable strategies and world-class training approach still transform novice and experienced investors alike into more profitable traders.

The trick is to develop a rock-solid system for identifying how political and economic news will impact different markets, and this step-by-step book shows you how with: Access to dependable strategies for hedging and trading binary contracts Insider advice for finding the markets with the best liquidity and lowest expenses A timesaving approach to working with the right broker for your individual strategy Powerful ways to optimize any trading strategy by integrating binary options Side-by-side examinations show you how major events, such as government elections, economic crises, and natural disasters, move markets and how to use that knowledge to make the most money.

From the Back Cover Speculate, hedge, and trade with capped risk Trading Binary OptionsSecond Edition elite binary options traders strategy that is proven to work! the elite toolbox of the accomplished trader who needs to draw above-average returns from the market on a weekly basis. Then, this valuable guide stays with you as you develop your skillset by showing you the way to the next level by: Boosting your performance with a revealing look into the key features of algorithmic trading, along with a variety of useful tools and training Qualifying you to take control of your personal evolution with key performance metrics Streamlining your process by putting robust appendices packed with essential information immediately at your fingertips Turn your knack for assessing how public opinion and major news events impact markets into the easiest way to maximize your investments with Trading Binary Options.

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Based in the Marshall Islands, Bank of Trade is a new binary options trading platform, owned by a holding company called Intelligent Entertainment Corp. The firm made their debut into the binary industry earlier this year. They intend to provide their clients with the most advanced and up-to-date technologies offering a user friendly and comfortable environment. Recognizing that their clients come from all over the world, Bank of Trade offers support in as many languages as possible.

Although the list of supported languages is impressive when compared to some of the leading brokers, we hope in due time more languages will be accommodated. Customer support is pretty impressive at Bank of Trade even though they are young contenders.

To establish the quality of a brokerage firm a potential client need only contact their customer support through email, live chat or phone. Bank of Trade is using the SpotOption Gen 2 platform. This platform is not only popular among brokers and traders alike but is also easy to use and has a proven track record for its efficiency of use. The range of underlying assets currently covered by Bank of Trade currently number around 58 different types of assets covering commodities, currencies, equities and indices.

Together with the different types of trading contracts provided by the broker, traders have close to different combinations of trades to choose from. As for trading accounts, traders at Bank of Trade have a choice of four types of trading accounts, namely:. With the exception of free trading signals and the percentage of welcome bonus offered, all the accounts enjoy the same benefits. However, this will also depend on the assets as well as the type of trading contracts traded.

Nevertheless, what they offer is still a few percentage points higher than what most other brokers are offering. This broker is not recommended. This broker is either not regulated or generates a large number of complaints.

With this platform you can trade the following types of binaries: Markets Coverage The range of underlying assets currently covered by Bank of Trade currently number around 58 different types of assets covering commodities, currencies, equities and indices. Trading Accounts Benefits, Funding Options As for trading accounts, traders at Bank of Trade have a choice of four types of trading accounts, namely: