Your description of the trade was first rate, and the use of multiple time frames a revelation. What I appreciate most is your teaching style Thank you for writing such a great and informative book.

I think this book is very well written and has helped me read the charts better. I think your book is under priced!! Just a quick message to say that I love your book. Hi Anna! Foreword The goal of a successful trader is to make the best trades - money is secondary Alexander Elder - We all dream of financial freedom. Of finally giving up the day job, and never having to worry about money again. No more worrying about paying the bills, or working in a job we hate.

No more commuting, no more boss, and no one to tell us what to do or when. Imagine working from home with just a computer and a broadband connection. A better quality of life for our family. More time with our partner. More time with our children. More time to actually enjoy life, and with enough money to buy those luxury items we have always dreamed about.

The fast car, the holiday home, the boat perhaps. All of these things and more, are now within our grasp. All we have to do is forecast whether a market is rising or falling in the next few minutes, and by how much. It sounds so simple. What could be easier? This is the dream of many traders, but is one few ever achieve, and sadly it remains just that, a dream.

It is also the message many binary brokers promulgate with slick marketing campaigns and some clever tricks, guaranteed to lure you in with promises of get rich quick returns, using a small amount of trading capital. Every emotional lever is used, with binary options promoted as the quick and easy way to fulfill your dreams.

This is further endorsed by the less scrupulous internet marketers, who see this as the next get rich quick opportunity for themselves. The binary brokers share some blame. However, as you will discover there are some excellent ones, but these are few and far between. The regulatory authorities in many countries have become so alarmed by the explosion of this market, many have banned this form of trading completely. Some consider binary options as speculative trading instruments with regulation then falling within the financial services sector, whilst others consider them betting and gaming and regulated accordingly.

The latter are generally countries who see this market as one for potential economic growth, and therefore take a more relaxed approach to the risks. It is a market which is growing exponentially, and gaining in popularity as more and more traders are drawn to it like moths to a flame. I could explain binary options in one short paragraph. In fact in chapter one I do just that. So, why have I written a book on the subject? Let me draw a parallel here with the forex market which has many similarities.

Ten years ago you would have been hard pressed to find a forex broker, let alone be able to place a trade easily. Gradually over the years, the retail trader and investor has become wise to the scams, sharp practice and over hyped marketing messages. The market has matured, aided by the regulatory authorities with traders of all levels becoming increasingly knowledgable.

Long term success requires effort, good money management and a deep understanding of price action and market behavior. Sitting somewhere between fixed odds and vanilla options, binary options have it all, offering a broad range of markets, and not just forex.

Like a simple pack of cards, all you are being asked to do is to guess whether the next card is higher or lower than the last. A simple decision, with a simple outcome. Simplicity in spades. But sadly, this is where the good news ends and the bad news starts because the majority of binary options traders lose, and lose quickly. If all this sounds rather depressing, help is at hand because this book covers all you need to know, and more about binary options.

Nothing is held back. However, binary options elicit strong opinions. Some people consider them gambling - pure and simple, whilst others consider them just another trading instrument. It is certainly true for some types of binary option, these are no more than a bet. However, if you are prepared to avoid these and delve deeper into the world of binary trading and binary spreads, these are perfectly valid instruments, provided you are prepared to use them in the same way as any other instrument.

In other words, a derivative of the spot or cash market, and as such, any analysis always starts with the chart. Binary options are just another instrument to consider.

They may be appropriate for you or they may not. Much will depend on your trading strategy and style. But in reading this book, you will at least be able to make a considered and balanced decision for yourself, and you will also be able to select a reputable and reliable broker.

Used wisely, binary options have plenty to offer. Use them foolishly and you will lose your money - fast. Who Am I? If you have discovered any of my other books, you will already know volume price analysis lies at the core of my trading methodology. To me this approach just makes sense. It is what I fervently believe will help you to succeed as a trader, so you can fulfill your own dreams. It is the trading method I have used for over seventeen years in all markets.

And the reason is because it works, and to me just makes sense. It is an approach based on common sense and logic. The logic of volume and price action is these are the only two leading indicators we have. And for trading using binary options I believe this approach is critical to your success. As is trading in multiple timeframes, another core trading principle. Trading on tick charts also has a place here, particularly for intra day trading.

At this point, you may be wondering who I am, and why you should believe anything in this book. Here is a little about me, and details of the places where you can check out my credentials. And before you read on, rest assured I have no financial relationship whatsoever with any of the companies mentioned in the remainder of this book. I began my own trading career back in the s, before the days of the internet, and started trading index futures using price and volume.

In those days there were no online brokers, and all the data came in via a satellite feed. Orders were placed by phone with the broker, and executed and filled on the floor of the exchange. It was very stressful, not least because of the time delay in getting filled or when the data feed broke down, which happened regularly.

Since those heady days, I have traded virtually every market and every instrument. As an options trader, my approach was based on one of the most conservative yet popular strategies, namely covered call writing. Options are a particular favorite of mine, and whilst binary options are a very different instrument, nevertheless they do share many important underlying characteristics.

My trading experience has given me the grounding I needed to succeed, which is what I want to share with you in this book. My trading philosophy is, in essence, very simple and akin to the ubiquitous KISS, except my version is Keeping It Super Simple. I have found over the years the best results come from having an approach that is uncomplicated, not least because the markets are complex enough. Trading may not be easy, but it is straightforward.

My trading techniques are based on chart analysis, backed by my view of the broader fundamentals and related market sentiment, which provide me with the framework against which the markets move each and every day. However, it is I who make the decision to trade - no one else.

As I say in my webinars, live trading rooms and seminars, there are only two risks in trading. The first is the financial risk, and the second is the risk on the trade itself.

Nothing else. The first is easy to quantify and manage. This is pure and simple money management. The second, the risk of the trade itself, is much more difficult to assess. This is what we need to quantify every time we open a new position or consider taking a position in the market. The questions we always have to answer are: What is the risk on the trade?

What is the probability of success? In comparison, traditional options also require you to form a view on the magnitude of any price movement. Fast outcome Multiple asset classes Binary options offer contracts with short-term A trader can access multiple asset classes such as durations, from 60 seconds to 60 minutes. This stocks, currencies, indices and commodities, and can provides the trader with several investment usually trade them whenever a market is open some- opportunities during a day.

It also offers flexibility as where in the world. markets change over time. Less risk With the forex market, every time you enter into a trade you risk the entire amount of money in your trading account. With binary options, however, your risk is always limited to the amount you committed to that specific trade.

The best thing about binary options is that No fees I know exactly how much my return or loss will be before I make an investment. It Unlike with other trading instruments, there are makes risk management incredibly easy. usually no fees or commissions attached to binary options. Brokers make their money from the percentage discrepancy between what they pay out on winning trades and what they collect from losing Richard. Fundamentals Trade example How it works 2.

Choose expiry time 1. Choose an asset 3. Select investment 4. Gold It does not matter if the price of the asset falls or down Put. If the price of gold minutes.

Some brokers, however, let you minimize risks by choosing the payout and loss percentage you want. With such an option, you would also have to accept a lower win percentage. If you haven't heard of these terms already, you undoubtedly will as you begin to invest.

The terms bull market and bear market describe upward and downward market trends, respectively, and can be used to describe either the market as a whole or specific sectors and securi- ties.

These images will help you memorize which is which. This requires more specific information than that provided by a line chart, so professional traders use independent candlestick charts that offer more in-depth data.

Doji - when the opening and closing price are equal. Long-Legged Doji - after small candlesticks, they indicate a potential trend change. Normally only seen on thinly traded pairs.

Fundamentals Timing Best time for trading One of the most important aspects when trading binary options is to know when to trade the market. Even though trading on foreign exchange options, stock options, commodity options and index options is available 24 -hours a day, five days a week, not every hour or minute is worth trading.

There are different hours during the day and differ- ent days of the week which see more volume and liquidity than others, resulting in high volatility and oppor- tunities to maximize trading. The market experiences a high around more and in a clearer direction. During volume of trades at these times. off-peak hours, there is little volume and less price movement, resulting in flat and directionless markets. than others. According to our research, Tuesday and Volatility is therefore essential to maximize the Wednesday are considered to be the most active chances of you increasing your return on investment.

trading days of the week. Friday is also recognized as Studies have shown that the most active trading hours a high-volatility trading day, especially during the occur during the European session. In the US, trading hours when European and US trading sessions activity picks up sharply around am EST. this is overlap. During the second half of the day, price due to the release of closely watched US economic movements can be very unpredictable. data, which generates the liquidity and volatility needed for the underlying asset to reach its target Best time price before the option expires.

Prices become most MON TUE WED THU FRI SAT SUN volatile when the US releases its monthly non-farm payrolls report on the first Friday of every month.

In contrast, markets will be less active and liquid during major holidays in the US and Europe, resulting in subdued trade. Fundamentals Expiry time What time frame to choose for trading binary options When it comes to trading binary options, you have a variety of choices for what kind of time frame time until expiry to trade in. the majority of binary options, however, have expiry times ranging from 60 seconds to 30 minutes. Description Return rate Type of analysis 60 sec NEW! Very unpredictable time frame.

Long term investors rely very heavily on fundamentals. You will also want to look at 15 minute charts and hourly charts to give you a broad view of the technical factors surrounding the asset. Looking at both of these things will give you a much more complete picture of how an asset will perform over this longer time period.

What time-frame to use for the pattern recognition In order to confirm a trend, use a candlestick chart with a bigger time frame than the one you use to decide your expiry time.

it is usually recommended to use a time frame of at least 1 hour for chart pattern recognition. short- term traders, however, may choose to use 1-minute and minute candlestick charts.

The 1-minute chart provides entry and exit signals while the minute and hourly charts are used to confirm the trend and support and resis- tance levels. PUT 2. Watch out 1. the first red bar. then wait for a second red bar. If the second red bar closes lower than the first red place. Usually, what happens is that the third bar will go even lower than the second bar. This is the point where you should immediately place a Put option on the asset, with an expiry time not longer than 15 minutes.

Strategies 2 The Pinocchio Strategy Bearish Pinnochio 2. Upper shadow at least 2x the size of the real body 4. Potential profit 3. Confirmation of a downtrend. PUT 1. A true bearish way! pinocchio signal must come after an uptrend see image above. Trying to trade the bearish Pinocchio The entry point varies, as some traders prefer to wait pattern in neutral market conditions can be risky.

A long wick indicates strong selling pressure, whereas a long tail suggests intense buying power. Strategies 3 The Strategy 1. If a peak is not surpassed, it becomes point 1. Point 3 does not go higher than point 1.

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Carlson Full PDF The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading by Christopher D. Carlson Free Audiobook Book Description : Author : Christopher D. Carlson, Publisher : , Publication Date : --, Language : ,. PDF Book The Binary Options Book Of Knowledge Everything I Wish I Had Known Before I Started. Go explore.

Sebuah fitur yang bisa dijadikan pilihan bertrading di Random Market, yaitu sebuah pasar simulasi tanpa ada campur tangan dari Binary. The exposure limit is typically 7, USD. The Option Trader's Hedge Fund: A Business Framework for Trading Equity and Index Options. PUT 2. This requires more specific information than that provided by a line chart, so professional traders use independent candlestick charts that offer more in-depth data. Embed code. I think this book is very well written and has helped me read the charts better.

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