An essential guide to the fast growing area of binary options Long the province of professional traders, binary options are now offered to retail investors through the North American Derivative Exchange (Nadex) and a growing group of online brokerages. Now, with this new book, author Abe Cofnas explains how independent traders and investors can use binary options to speculate on price movements and global events. The great appeal of binary options is that they are less complex than conventional options and provide a simple method to trade based on an opinion of where the market is headed over a certain period of time. Engaging and informative, this reliable guide reveals how binary options work, what are the best binary options trading strategies, and when to use them. As the first book solely devoted to this topic, Binary Options will provide retail traders with an authoritative guide to trading this exciting new market.
If you are serious about wanting to learn the ins and outs of trading binary options, this is a good book to start with. Mr. Cofnas is very knowledgeable about not only binary options but about economic news and technical trading. He explains the basics very well in the first couple of chapters. The rest of the book gets pretty complicated as he describes his method for analyzing the markets and the economy. He shows the risks involved in binary options and gives a realistic view of what a trader can expect - no pie-in-the-sky/get-rich-in-3-months promises.
Highly recommend this book if you are interested in trying your had at trading binary options. Go to www.nadex.com to learn what binary options are and then if you decide to try your hand trading them, get this book and study it. I don't think that you will be disappointed.