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. Identifies the various markets in which binaries are available Offers insights on how binary options allow for opportunities to speculate on the direction of a market and receive a substantial payout Provides suggestions as to which markets provide the best liquidity and lowest trade execution expensesLong the province of financial professionals, binary options are now available to retail traders and investors. 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.Now, in Trading Binary Options, author Abe Cofnas151a leader in the field of currency trading, analysis, and training151reveals how the average person can achieve above-average returns on a weekly basis, using specific strategies and tactics in their binary option trading endeavors.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). 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. 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.Along the way, youll gain valuable insights from real-world examples of how to scan the political and economic news and formulate appropriate binary option trading strategies. Case studies of binary option trading in relationship to key news events that we have recently lived through are fully explored151from U.S. Congressional elections and the Greek sovereign risk crisis to the turmoil in the Middle East and the earthquake that rocked Japan. Key trading strategiesare also reviewed with examples that include: At-the-Money Out-of-the-Money In-the-Money, Deep In-the-Money and Deep Out-of-the-Money.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 binaryoptions151by anticipating market direction, understanding risk management, and effectively entering and exiting trades151and help you hone the types of skills that will allow you to excel in todays dynamic market environment.Are you interested in trading but dont like to wait weeks and months for a returnAre you following news events and want to financially benefit from your knowledgeOr maybe you are new to trading and want to participate but avoid the long learning curve in mastering trading skills. If these questions are on your mind, this book is for you.151From the PrefaceBinary option trading is one of todays fastest growing areas of finance. 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 time151one week at the most.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 typeof trading, this reliable resource focuses on the regulatory approved weekly binary option trades of the North American Derivative Exchange (Nadex).If youre looking to get more out of todays markets, look no further than binary options. With Trading Binary Options as your guide, youll quickly discover how specific strategies and tactics will allow you to capture consistent profits on a weekly basis.The value of the payout (Some brokers offer up To 85 return) is determined at the onset of the contract and does not depend on the magnitude by which the price of the underlying asset moves, so whether you are in the money by 0.01 or 0.05, the payout that you receive will be the same.From the buyers perspective, the main advantage of binary options trading is that the Risk taken is limited to the premium that the trader pays up front to take on a binary option position. So in above example, the Risk taken by the trader is limited to 100 in that particular position.This benefit means that the binary options trader can feel secure in knowing that their downside is limited to their initial trade size. While they can still profit if their market view turns out to be correct, they avoid having to worry about stop loss order slippage or losing their trading discipline.High/Low: The most commonly available binary options are High/Low also known as Above and Below or Call/Put binary options. Basically, a trader will receive a payout on a long binary option if the market is higher than the strike price of an above binary at expiration, or under the strike of a below binary.From the buyers perspective, the main advantage of binary options trading is that the Risk taken is limited to the premium that the trader pays up front to take on a binary option position. So in above example, the Risk taken by the trader is limited to 100 in that particular position.This benefit means that the binary options trader can feel secure in knowing that their downside is limited to their initial trade size.