Long the province of financial professionals, binary options are now available to retail traders and investors. Abe Cofnas has been the forex trading columnist for Futures magazine since 2001 and has writtenover 100 columns on forex trading strategies and tactics.
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. With trading volumes quickly growing and new markets for binary option plays coming on board, the simple structure of this product allows you to trade in over 20 different underlying markets, from currencies to indexes to commodities.
He is also the author of three Wiley titles,Sentiment Indicators, The Forex Trading Course, and The Forex Options Course.
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. The greatappeal of binary options is that they are less complex than conventional optionsand provide a simple method to trade based on an opinion of where the marketis headed over a certain period of time--one week at the most.
Now, in Trading Binary Options, author Abe Cofnas--a leader in the field of currency trading, analysis, and training--reveals how the average person can achieve above-average returns on a weekly basis, using specific strategies and tactics in their binary option trading endeavors. He has, for over two decades,provided fundamental and technical analysis on trading strategies in currencies and inter-markets.
Engaging and informative, this reliable guide reveals how binary options work, what are the best binary options trading strategies, and when to use them.
In Trading Binary Options, author Abe Cofnas puts this exciting new product inperspective, and shows individual investors and traders how it works, when to use it, and what strategies are most effective. While there are many variations to this type of trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex). While there are many variations to this typeof trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex).
Chapter by chapter, it takes you through the basic features of the binary option instrument as well as provides a detailed review of fundamental and technical analysis useful to making trading decisions. In 2008, he formed FXDimensions Inc., a third-party trading system and signal development company that has pioneered the concept of algos that detect trader behavioral patterns.
And, due to the fact that trading can no longer be separated from the Internet and the social media it has generated, new online tools and techniques for detecting market sentiment are also addressed. He is a recognized expert in technical analysis and has lectured in London and Dubai (with appearances on CNBC Arabia) and continues to work with students and businesses abroad.
With Trading Binary Options as your guide, you'll quickly discover how specific strategies and tactics will allow you to capture consistent profits on a weekly basis.
Along the way, you'll gain valuable insights from real-world examples of how to scan the political and economic news and formulate appropriate binary option trading strategies.
Cofnas generates weekly alerts on binary options for Agora Financial's Strategic Currency Trader newsletter. Case studies of binary option trading in relationship to key news events that we have recently lived through are fully explored--from U.S. Congressional elections and the Greek sovereign risk crisis to the turmoil in the Middle East and the earthquake that rocked Japan. Rounding out this detailed discussion of binary options are four information packed appendices.
Here, specific training challenges are provided, including a test of your trading knowledge, as well as details on Nadex contract specifications. As the first book solely devoted to this topic, TradingBinary Options offers comprehensive coverage of this discipline. It will show you what it takes to capture consistent profits when trading binaryoptions--by anticipating market direction, understanding risk management, and effectively entering and exiting trades--and help you hone the types of skills that will allow you to excel in today's dynamic market environment.
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