Many traders, especially newbies, are continuously asking me to recommend binary options books. Although a lot of material is available on-line, such as our own popular strategy section, sometimes it’s nice to get a real physical book with a wealth of information. Moreover, many of the websites that provide information regarding binary options are also selling various indicators, software, signal services, strategies, etc. So it’s difficult to trust their objectivity. But a book written by a professional trader who is not selling you anything but the book itself is much more trustworthy.
Also, check out Michael Freeman’s Top Recommended Books.
Top 5 Binary Options Books
I’ve therefore decided to provide you this list of top 5 binary options books. If you know any good books which I haven’t included, please let us know by leaving a comment below this post. You’re also welcome to share your own review regarding my recommended books.
1. Forex trading for the advanced binary option trader: Aggressive forex strategies for the beginner and the accomplished trader
A book by Barry Norman, a binary options writer who is also a trader who developed many well-known strategies. With 40 years of financial and market experience, you don’t want to miss out on Barry Norman’s advice. He also is a member of the ITA (Investors Trading Academy), an educational center for novice and advanced traders who want to learn how to trade or improve their trading. It’s also a research institute. They are independent and do not work with any specific brokers.
In the book you will learn how to build a strategy if you’re new to binary options or improve an existing if you already have some experience. The book is overflowing with strategies and tactics you can apply in your trading to be a more profitable binary options trader. Plenty of essential information regarding the global currency market and many useful strategies are included.
2. Binary Options
Ken McLinton wrote dozens of best-selling books about binary options, forex, day trading, etc. The man is apparently a self-made multimillionaire. He has helped thousands of people across the world become financially free by teaching them how to make money with binary options, forex, options trading, stocks and internet marketing. His books are some of the most popular in the niche.
I chose to recommend this book because it’s great for both beginners and advanced traders. It includes a getting started section with information regarding the history and basics of binary options trading. Moreover, it provides advanced technical analysis strategies, such as the pivot point strategy, scalping gamma strategy, the breakout strategy and many more. Certainly a must-have for any avid binary trader.
3. The forex trading course: A self-study guide to becoming a successful currency trader
Abe Cofnas, a trainer and analyst in currency and binary option markets, is working on many interesting projects. One of them is this important course.
This is a great book for people interested in Forex. The Forex Trading Course is a systematic guide designed to help newbie traders enter the market with confidence and skills which are required in order to be profitable. You will learn how to develop strategies integrating fundamental and technical analysis and how to identify high-probability patterns and trades, adjust your trading plan for different account sizes, use emotional intelligence to improve trading performance, and more.
Although this book is more about forex, it also teaches how to use binary options with forex trades to make accurate predictions.
As this is a trading course, you will need to complete practice assignments so that you learn how to apply what you learn.
The book is also great for more experienced traders.
4. Binary options: Strategies for directional and volatility trading
This is a comprehensive guide to binary options trading by Alex Nekritin. It discusses the differences between regular options trading and binary options and explains how the market is influenced by different fundamental factors. Beginners will learn how binary options work and the mechanics of how to trade them, including guidance on how to read price quotes and options tickets and how to enter and exit positions. You will also learn about different markets and costs. There’s even a glossary, quizzes and a demo trading account. Experienced traders will benefit from the proven binary trading strategies provided, including long, short, range-bound, breakout-bound, directional and volatility strategies using both technical and fundamental analysis and more. Money management and risk control. Learn how to be profitable even during times of extreme market volatility.
5. Trading binary options: Strategies and tactics
Another volume from Abe Cofnas. This is an authoritative guide on binaries for experienced traders. Covers the Cantor-Fitzgerald binaries, New York Stock Exchange binaries, and how to use binaries to hedge trading. The book provides the critical knowledge you need to utilize binary options to optimal effect. Advice on hedging and trading strategies, fundamental analysis and their impact, how to choose the markets with best liquidity and lowest expenses, and how to select the right broker.
The book is built in a step-by-step format designed for the “accomplished trader who needs to draw above-average returns from the market on a weekly basis.”
6. Call Or Put: How I Profit Using Binary Options
I’ve given this book a review of its own since I found it very useful. You are welcome to read the review here.