Trading Binary Options: Strategies and Tactics

Are you interested in trading, but don’t like to wait weeks and months for a
return? Are you following news events and want to financially benefit from
your knowledge? Are you new to trading and want to participate but avoid
the long learning curve for mastering trading skills? If these questions are on
your mind, this book is for you.
Binary option trading provides excitement and opportunity for achieving
unusually large returns in less than a week! While there are many variations
to this type of trading, this book focuses on the regulatory-approved weekly
binary option trades of the North American Derivative Exchange (Nadex).
Trades have limited risk to the cost of a position. There is no margin. The
trade is a bet on the direction of a market by the end of the week. If the trade
is correct, the payoff is $100 per lot. If it is wrong, the payoff is $0. Simply
put, it’s a yes-or-no proposition. One can open an account with as little as
$100 and start trading. This simple structure allows anyone to trade in over
20 different underlying markets, from currencies to indexes to commodities.
This book takes the reader through the basic features of the binary option
instrument. But it does more. It provides a detailed review of fundamental
and technical analysis useful to making trading decisions. Beginners, as well
as more experienced traders, will be able to build upon their core trading
knowledge. More importantly, new online tools and techniques for detecting
market sentiment are presented, because trading can no longer be separated
from the Internet and the social media it has generated. The web itself is a
force on trading decisions and outcomes, as emotions are propagated through
the web. This phenomenon has made sentiment analysis a major challenge for
traders. For the binary option trader who is shaping a decision for a weekly
outcome, or even an intraday outcome, the critical factor will be the actionable
knowledge that is applied.