Sources To Consider To Trade Well In Binary Options

Welcome to the largest expert guide to binary options and binary trading online.
BinaryOptions.internet has educated traders globally since 2011 and all our articles are written by professionals who make a living in the finance industry and online trading.

We have shut to a thousand articles and reviews to guide you to exist a more than profitable trader in 2022 no thing what your electric current experience level is.

If you wish to talk over trading or brokers with other traders, we too have the world’due south largest forum with over 20 000 members and lots of daily activity. Read on to go started trading today! will never contact anyone and encourage them to trade.
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What Is A Binary Option And How Do You Make Money?

A binary option is a fast and extremely elementary fiscal instrument which allows investors to speculate on whether the price of an asset volition become upwards or down in the future, for example the stock toll of Google, the toll of Bitcoin, the USD/GBP exchange rate, or the price of gilded.

The fourth dimension span can be equally little as 60 seconds, making it possible to trade hundreds of times per day across whatsoever global market.

Before yous place a trade y’all know exactly how much you stand up to gain if your prediction is correct, usually lxx-95% – if you invest $100 you will receive a credit of $170 – $195 on a successful merchandise.

This makes risk management and trading decisions much more elementary. You also know exactly how much you will lose on a unmarried trade.

The outcome is e’er a Yes or No answer – you either win it all or you lose it all – hence it being a “binary” option. The risk and advantage is known in accelerate and this structured payoff is ane of the attractions.

Substitution traded binaries are also at present available, pregnant traders are non trading against the broker.

To go started trading you first need a regulated broker business relationship (or licensed). Pick ane from the recommended brokers list, where simply brokers that accept shown themselves to exist trustworthy are included. The summit broker has been selected equally the best choice for most traders.

If you are completely new to binary options you tin can open a demo account with most brokers, to try out their platform and encounter what it’s like to trade before yous deposit real money.

Example of a binary options trade

Introduction Video – How to Trade Binary Options

These videos will introduce y’all to the concept of binary options and how trading works. If you desire to know fifty-fifty more detail, please read this whole page and follow the links to all the more in-depth articles.

Binary trading does not have to be complicated, but every bit with any topic yous can brainwash yourself to be an expert and perfect your skills.

Option Types

The most common type of binary choice is the elementary “Up/Down” trade. There are nonetheless, unlike types of option. The i mutual gene, is that the issue volition have a “binary” result (Yes or No). Here are some of the types available:

  • Up/Downward or Loftier/Depression
    – The bones and most mutual binary option. Will a price stop higher or lower than the electric current price a the time of expiry.
  • In/Out, Range or Purlieus
    – This option sets a “high” figure and “low” figure. Traders predict whether the price will finish inside, or outside, of these levels (or ‘boundaries’).
  • Touch/No Affect
    – These accept gear up levels, college or lower than the current price. The trader has to predict whether the bodily cost volition ‘touch’ those levels at any betoken between the time of the trade an expiryNote with a touch pick, that the trade can shut before the expiry fourth dimension – if the price level is touched before the pick expires, then the “Affect” choice will payout immediately, regardless of whether the price moves away from the affect level afterwards.
  • Ladder
    – These options conduct like a normal Upwardly/Down merchandise, merely rather than using the electric current strike price, the ladder will take preset price levels (‘laddered’ progressively up or down).These can oft exist some way from the current strike cost.Every bit these options generally need a significant cost move, payouts will often go beyond 100% – simply both sides of the trade may not be bachelor.

How to Trade – Pace by Step Guide

Below is a step by step guide to placing a binary trade:

  1. Choose a broker
    – Use our broker reviews and comparison tools to find the best binary trading sitefor you.
  2. Select the asset or market to merchandise
    – Avails lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The toll of oil, or the Apple stock toll, for example.
  3. Select the death time
    – Options tin expire anywhere between xxx seconds up to a year.
  4. Set the size of the trade
    – Remember 100% of the investment is at risk and then consider the trade amount carefully.
  5. Click Call / Put or Buy / Sell – Volition the asset value ascension or fall? Some broker label buttons differently.
  6. Check and ostend the trade – Many brokers give traders a chance to ensure the details are correct before confirming the trade.

Cull A Broker

Options fraud has been a significant trouble in the by. Fraudulent and unlicensed operators exploited binary options every bit a new exotic derivative.

These firms are thankfully disappearing as regulators have finally begun to human action, but traders nonetheless need to look for regulated brokers.

Don’t EVER merchandise with a banker or apply a service that’s on our blacklist and scams page, stick with the ones we recommend here on the site. Hither are some shortcuts to pages that tin can help you make up one’s mind which broker is right for you:

  • Compare all brokers  – if you desire to compare the features and offers of all recommended brokers.
  • Bonuses and Offers  – if yous want to make certain you lot go actress coin to trade with, or other promotions and offers.
  • Low minimum deposit brokers – if you want to trade for real without having to deposit large sums of money.
  • Demo Accounts – if yous want to endeavour a trading platform “for existent” without depositing money at all.
  • Halal Brokers  – if y’all are i of the growing number of Muslim traders.

Asset Lists

The number and diversity of assets you tin can trade varies from broker to broker. Most brokers provide options on pop assets such as major forex pairs including the EUR/USD, USD/JPY and GBP/USD, besides as major stock indices such as the FTSE, South&P 500 or Dow Jones Industrial. Commodities including gilt, silver, oil are also mostly offered.

Individual stocks and equities are also tradable through many binary brokers. Not every stock will be available though, but by and large you lot can choose from well-nigh 25 to 100 popular stocks, such as Google and Apple.

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These lists are growing all the time as demand dictates.

The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists bachelor on their website.

This information is also bachelor within our reviews, including currency pairs.

Trading cryptocurrency via binary trades is also booming. The volatile nature of cryptos makes them a pop binary asset. Bitcoin and Ethereum remain the most traded, but you lot can find brokers that listing l or more alt coins.

Expiry Times

The expiry time is the point at which a trade is closed and settled. The only exception is where a ‘Bear upon’ option has hit a preset level prior to expiry. The expiry for whatever given trade tin range from thirty seconds, upward to a twelvemonth.

While binaries initially started with very brusk expiries, demand has ensured in that location is at present a broad range of expiry times bachelor. Some brokers even give traders the flexibility to set their ain specific expiry time.

Expiries are generally grouped into three categories:

  • Short Term / Turbo
    – These are unremarkably classed every bit any expiry under 5 minutes
  • Normal
    – These would range from five minutes, upwardly to ‘end of twenty-four hours’ expiries which expire when the local market place for that asset closes.
  • Long term
    – Any death beyond the end of the day would be considered long term. The longest expiry might be 12 months.


While slow to react to binary options initially, regulators effectually the world are now starting to regulate the manufacture and make their presence felt. The major regulators currently include:

  • Financial Conduct Authority (FCA) – UK regulator
  • Cyprus Securities and Exchange Commission (CySec) – Cyprus Regulator, oft ‘passported’ throughout the European union, nether MiFID
  • Article Futures Trading Commission (CFTC) – U.s.a. regulator
  • Australian Securities and Investments Commission (ASIC)
  • Financial Manufacture Regulatory Authority (FINRA)

In that location are besides regulators operating in Republic of malta, Japan and the Isle of man. Many other government are at present taking a keen a involvement in binaries specifically, notably in Europe where domestic regulators are keen to eternalize the CySec regulation.

Unregulated brokers yet operate, and while some are trustworthy, a lack of regulation is a clear alert sign for potential new customers.


(European Securities and Markets Say-so) moved to ban the sale and marketing of binary options in the Eu. The ban however, merely applies to brokers regulated in the European union.

This leaves traders two choices to keep trading: Firstly, they can trade with an unregulated firm – this is extremely high risk and not advisable. Some unregulated firms are responsible and honest, but many are not.

The second selection is to use a firm regulated by bodies exterior of the Eu. ASIC in Commonwealth of australia are a stiff regulator – merely they will non be implementing a ban. This means ASIC regulated firms can withal accept EU traders. See our banker lists for regulated or trusted brokers in your region.

There is also a third pick. Traders who annals as ‘professional’ are exempt from the new ban. The ban is only designed to protect ‘retail’ investors.

A professional trader can continue trading at EU regulated brokers such as IQ Option. To be classed every bit professional, an business relationship holder must encounter two of these iii criteria:

  1. Open 10 or more trades per quarter, of €150 or more.
  2. Have avails of €500,000 or more
  3. Have worked for two years in a fiscal firm and accept feel of financial products.

Strategies and Guides

We accept a lot of detailed guides and strategy articles for both general education and specialized trading techniques. Below are a few to become yous started if you lot want to learn the basic before you start trading. From Martingale to Rainbow, you can find plenty more than on the strategy page.

  • The all-time binary options books
  • Goals for New Binary Traders
  • Binary Options Jargon Yous Should Know
  • How to Become a Binary Options Millionaire
  • Trading times
  • How to Merchandise Stocks
  • Simple Strategies for Newbies
  • The Afterward Hours Trading Strategy
  • The Elementary Counterbalanced Organization
  • Trader Beware! Is That A Tool Or A Strategy?
  • Introduction to trends and timeframes
  • Tendency analysis for curt term traders
  • Three Tools All Traders Should Know
  • How To Merchandise Butterfly Patterns
  • Binary Options Markets

Signals and Other Services

  • What should you wait for when searching for a strategy, system or service?
  • Even Expert SSP’due south Aren’t Worth Your Time

For further reading on signals and reviews of different services go to the signals page.

Beginners Guides

If yous are totally new to the trading scene so watch this great video by Professor Shiller of Yale Academy who introduces the master ideas of options:

Education for beginners:

  • Lesson ane: Best Time to Trade
  • Lesson 2: Tools for Trading
  • Lesson 3: Trading Breakouts using Pivot Points
  • Lesson four: How to Utilise the Fibonacci Tool
  • Lesson 5: Take a chance Direction
  • Lesson six: Variable Binary Options
  • Lesson 7: How to Postpone Expiration Times
  • Lesson 8: When Not to Merchandise
  • Lesson ix: Going Mobile
  • Lesson 10: Using the FX Helpers System
  • Lesson 11: Using the FX Turbo Marksman Indicator
  • Lesson 12: Analysing a Trade

Types of Trades

  • Touch/No Touch
  • Target Bet
  • Ladder Bet
  • Tunnel Bet
  • High/Low

How to Prepare a Trade

The ability to merchandise the different types of binary options can exist accomplished by understanding certain concepts such as strike price or cost bulwark, settlement, and expiration date. All trades accept dates at which they expire.

When the trade expires, the behaviour of the price action according to the blazon selected will decide if information technology’s in profit (in the money) or in a loss position (out-of-the-coin).

In addition, the cost targets are central levels that the trader sets as benchmarks to determine outcomes. We volition see the application of price targets when we explain the different types.

There are 3 types of trades. Each of these has unlike variations. These are:

  1. High/Low
  2. In/Out
  3. Touch/No Touch

Let us take them one after the other.


Too chosen the Up/Down binary trade, the essence is to predict if the market price of the asset will end upward higher or lower than the strike price (the selected target price) before the expiration. If the trader expects the price to go upwardly (the “Up” or “Loftier” trade), he purchases a call option. If he expects the cost to caput downwards (“Low” or “Downward”), he purchases a put selection. Expiry times can be every bit depression as 5 minutes.

Please note: some brokers classify Upward/Downward every bit a different types, where a trader purchases a call option if he expects the price to ascent beyond the current price, or purchases a put option if he expects the price to fall beneath current prices. You may see this as a
Rise/Fall type on some trading platforms.


The In/Out blazon, also called the “tunnel trade” or the “boundary trade”, is used to trade price consolidations (“in”) and breakouts (“out”). How does it work? Starting time, the trader sets two cost targets to class a toll range. He then purchases an option to predict if the price will stay within the cost range/tunnel until expiration (In) or if the price will breakout of the toll range in either direction (Out).

The best mode to use the tunnel binaries is to utilize the pin points of the asset. If you are familiar with pin points in forex, then you should be able to trade this type.

Affect/No Touch

This type is predicated on the cost action touching a price barrier or non. A “Touch” option is a type where the trader purchases a contract that will evangelize profit if the market price of the asset purchased touches the prepare target cost at least one time before expiry.

If the price action does not bear upon the price target (the strike toll) earlier decease, the trade volition end upwardly as a loss.

A “No Bear upon” is the exact reverse of the Touch. Here you lot are betting on the cost activity of the underlying asset not touching the strike price earlier the expiration.

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There are variations of this type where we have the Double Touch and Double No Bear upon. Hither the trader tin can fix ii price targets and purchase a contract that bets on the price touching both targets earlier expiration (Double Touch) or not touching both targets before expiration (Double No Touch).

Normally yous would only use the Double Touch trade when in that location is intense market place volatility and prices are expected to take out several price levels.

Some brokers offer all iii types, while others offering ii, and there are those that offering only one variety. In add-on, some brokers also put restrictions on how expiration dates are set.

In order to become the best of the different types, traders are brash to shop effectually for brokers who will give them maximum flexibility in terms of types and expiration times that can be gear up.

Mobile Apps

Trading via your mobile has been made very easy as all major brokers provide fully developed mobile trading apps. Most trading platforms have been designed with mobile device users in heed.

So the mobile version will be very like, if not the same, as the full web version on the traditional websites.

Brokers will cater for both iOS and Android devices, and produce versions for each. Downloads are quick, and traders can sign up via the mobile site every bit well.

Our reviews contain more detail most each brokers mobile app, just most are fully aware that this is a growing area of trading.

Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to merchandise wherever they are.

Example of a binary trading app (IQ Option)

Trading FAQ

What Does Binary Options Mean?

“Binary options” means, put very but, a trade where the outcome is a ‘binary’ Yes/No answer. These options pay a stock-still amount if they win (known equally “in the coin”), but the unabridged investment is lost, if the binary trade loses. Then, in brusk, they are a class of fixed return financial options.

How Does a Stock Trade Work?

Steps to trade a stock via a binary selection;

  1. Select the stock or disinterestedness.
  2. Identify the desired death time (The time the selection will finish).
  3. Enter the size of the trade or investment
  4. Decide if the value will ascent or fall and identify a put or call

The steps above will be the same at every single banker. More than layers of complexity can be added, merely when trading equities the uncomplicated Up/Down trade type remains the about popular.

Put and Call Options

Call and Put are simply the terms given to buying or selling an option. If a trader thinks the underlying price volition go up in value, they can open up a telephone call. But where they expect the cost to become downward, they tin can place a put trade.

Different trading platforms label their trading buttons different, some fifty-fifty switch between Buy/Sell and Telephone call/Put. Others drop the phrases put and call altogether.

Almost every trading platform will get in absolutely clear which direction a trader is opening an pick in.

Are Binary Options a Scam?

As a financial investment tool they in themselves not a scam, only at that place are brokers, trading robots and indicate providers that are untrustworthy and quack.

The point is not to write off the concept of binary options, based solely on a scattering of dishonest brokers.

The image of these financial instruments has suffered as a result of these operators, simply regulators are slowly starting to prosecute and fine the offenders and the industry is being cleaned upwardly. Our forum is a great place to enhance awareness of any wrongdoing.

These simple checks can help anyone avoid the scams:

  • Marketing promising huge returns. This is clear warning sign. Binaries are a high risk / high reward tool – they are non a “make money online” scheme and should not be sold as such. Operators making such claims are very probable to be untrustworthy.
  • Know the broker. Some operators volition ‘funnel’ new customer to a banker they partner with, so the person has no thought who their account is with. A trader should know the broker they are going to trade with! These funnels oftentimes autumn into the “get rich quick” marketing discussed earlier.
  • Cold Calls. Professional person brokers will non make common cold calls – they do not marketplace themselves in that way. Cold calls will often be from unregulated brokers interested only in getting an initial deposit. Proceed extremely carefully if joining a visitor that got in contact this way. This would include email contact also – any grade of contact out of the blue.
  • Terms and Weather condition. When taking a bonus or offering, read the total terms and conditions. Some will include locking in an initial eolith (in addition to the bonus funds) until a loftier book of trades accept been made. The first eolith is the trader’s greenbacks – legitimate brokers would non merits information technology equally theirs earlier any trading. Some brokers likewise offer the selection of cancelling a bonus if information technology does not fit the needs of the trader.
  • Do not allow anyone trade for you. Avoid allowing whatever “account manager” to trade for you. There is a clear disharmonize of interest, but these employees of the broker will encourage traders to make large deposits, and accept greater risks . Traders should not let anyone merchandise on their behalf.

Which Are The Best Trading Strategies?

Binary trading strategies are unique to each trade. We have a strategy section, and there are ideas that traders tin can experiment with. Technical analysis is of use to some traders, combined with charts, indicators and toll action enquiry.

Coin management is essential to ensure risk direction is applied to all trading. Different styles will accommodate different traders and strategies will likewise evolve and alter.

There is no single “best” strategy. Traders need to ask questions of their investing aims and hazard ambition and then larn what works for them.

Are Binary Options Gambling?

This will depend entirely on the habits of the trader. With no strategy or research, then whatever short term investment is going to win or lose based only on luck. Conversely, a trader making a well researched merchandise will ensure they have done all they can to avert relying on good fortune.

Binary options tin can be used to gamble, only they can also be used to brand trades based on value and expected profits. So the respond to the question will come up downward to the trader.

Advantages of Binary Trading

The master do good of binaries is the clarity of take chances and reward and the structure of the trade.

Managing Financial Risk

If you accept traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you volition accept probably learnt one matter: these markets bear a lot of risk and it is very piece of cake to be diddled off the market.

Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively. The situation is unlike in binary options trading.

There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes.

Revenue enhancement implications may also be benign, depending on your location.

This reduces the take chances in binary option trading to the barest minimum.


The binary options market allows traders to merchandise fiscal instruments spread across the currency and commodity markets as well as indices and bonds.

This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-cease store to trade all these instruments.


A binary trade outcome is based on just one parameter: direction. The trader is essentially betting on whether a financial asset will end up in a particular management.

In improver, the trader is at liberty to determine when the trade ends, by setting an expiry date.

This gives a merchandise that initially started badly the opportunity to end well. This is non the instance with other markets. For instance, command of losses can only be achieved using a terminate loss.

Otherwise, a trader has to suffer a drawdown if a trade takes an adverse turn in order to give it room to plough profitable. The simple point being fabricated here is that in binary options, the trader has less to worry about than if he were to trade other markets.

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Greater Control Of Trades

Traders have better command of trades in binaries. For example, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the merchandise is out-of-the-money.

This is not the example with other markets. For example, when a trader sets a pending order in the forex market to merchandise a loftier-bear on news consequence, there is no assurance that his trade will be filled at the entry price or that a losing merchandise will exist closed out at the exit stop loss.

Higher Payouts

The payouts per trade are usually higher in binaries than with other forms of trading. Some brokers offering payouts of up to 80% on a merchandise. This is achievable without jeopardising the business relationship.

In other markets, such payouts can simply occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout (which never occurs in most cases).


In guild to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of coin as trading upper-case letter. For instance, trading golden, a article with an intra-twenty-four hours volatility of up to 10,000 pips in times of high volatility, requires trading capital in tens of thousands of dollars.

Nevertheless, binary options has much lower entry requirements, as some brokers let people to start trading with as low as $10.

Disadvantages of Binary Trading

Reduced Trading Odds for Certain-Banker Trades

The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high.

While it is true that some trades offering as much as 85% payouts per trade, such high payouts are possible but when a trade is made with the decease date set at some altitude away from the appointment of the trade.

Of grade in such situations, the trades are more unpredictable.

Lack Of Good Trading Tools

Some brokers practise non offer truly helpful trading tools such as charts and features for technical analysis to their clients.

Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate.

This is irresolute for the better though, as operators mature and get aware of the need for these tools to concenter traders.

Limitations On Risk Direction

Unlike in forex where traders tin get accounts that allow them to merchandise mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can merchandise in the marketplace.

This makes information technology easier to lose too much capital when trading binaries. As an illustration, a forex banker may permit yous to open an account with $200 and trade micro-lots, which allows a trader to expose only acceptable amounts of his uppercase to the market.

Notwithstanding, you will be hard put finding many binary brokers that volition allow you to trade below $50, even with a $200 account. In this state of affairs, four losing trades volition accident the account.

Cost Of Losing Trades

Different in other markets where the adventure/reward ratio can be controlled and fix to give an edge to winning trades, the odds of binary options tilt the risk-reward ratio in favour of losing trades.

Trade Corrections

When trading a marketplace like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the merchandise reveals the first trade to have been a mistake. Where binaries are traded on an exchange, this is mitigated however.

Spot Forex vs Binary Trading

These are two different alternatives, traded with two different psychologies, but both tin can make sense as investment tools. One is more TIME axial and the other is more than PRICE centric. They both work in fourth dimension/toll but the focus you will find from one to the other is an interesting split.

Spot forex traders might overlook time as a factor in their trading which is a very very large mistake. The successful binary trader has a more balanced view of time/price, which simply makes him a more well rounded trader.

Binaries past their nature force one to exit a position within a given time frame win or lose which instills a greater focus on field of study and adventure management.

In forex trading this lack of subject area is the #one cause for failure to most traders as they will just hold losing positions for longer periods of time and cutting winning positions in shorter periods of time.

In binary options that is not possible as fourth dimension expires your trade ends win or lose. Below are some examples of how this works.

forex binary options

Above is a trade made on the EUR/USD buying in an under ten minute window of price and time. Equally a binary trader this focus will naturally make you lot better than the below example, where a spot forex trader who focuses on price while ignoring the time element ends up in trouble. This psychology of beingness able to focus on limits and the dual axis will aid yous in becoming a amend trader overall.

forex example chart

The very advantage of spot trading is its very aforementioned failure – the expansion of profits exponentially from 1 signal in price.

This is to say that if you enter a position that you believe will increment in value and the price does non increase nevertheless accelerates to the downside, the normal tendency for most spot traders is to wait it out or worse add to the losing positions as they figure information technology will come back.

The acceleration in time to the opposite desired management causes most spot traders to be trapped in unfavourable positions, all because they do not plan time into their reasoning, and this leads to a complete lack of trading discipline.


The nature of binary options strength one to accept a more consummate mindset of trading off both Y = Cost Range and X = Time Range every bit limits are applied. They will simply make yous a better overall trader from the start.

Conversely on the flip side, they past their nature require a greater win rate equally each bet means a70-90% gain
vs a100% loss. And then your win rate needs to be on boilerplate 54%-58% to break fifty-fifty.

This imbalance causes many traders to overtrade or revenge trade which is just equally bad as holding/calculation to losing positions as a spot forex trader. To successfully merchandise you demand to do money management and emotional control.

In determination, when starting out as a trader, binaries might offer a amend foundation to learn trading. The simple reasoning is that the focus on TIME/Cost combined is similar looking both ways when crossing the street.

The average spot forex trader only looks at price, which means he is but looking in i direction before crossing the street.

Learning to trade taking both time and price into consideration should aid in making one a much overall trader.

References And Further Reading

  1. A Written report of Optimal Stock and Options Strategies (Dash, Mihir and V., Kavitha and K.Grand., Deepa and S., Sindhu, 2007)
  2. Is In that location Money to Be Made Investing in Options: A Historical Perspective (Doran, James and Fodor, Andy, 2006)
  3. An Investor’due south Guide to Trading Options (Virginia B. Morris, Bess Newman – Lightbulb Press, Inc., 2004)
  4. Trading Binary Options: Strategies and Tactics (Abe Cofnas – John Wiley & Sons, 2011)
  5. Binary Options: Fixed Odds Financial Bets (Hamish Raw – Harriman Business firm Limited, 2011)
  6. Binary Options: Strategies for Directional and Volatility Trading (Alex Nekritin – John Wiley & Sons, 2012)
  7. How to Trade Binary Options Successfully: A Complete Guide to Binary Options Trading (Meir Liraz – Liraz Publishing)
  8. Choice Trading and Individual Investor Operation (R Bauer, M Cosemans, P Eichholtz – Journal of banking & finance, Vol iii Issue 4, 2009)
  9. Binary Choice Pricing Using Fuzzy Numbers (A Thavaneswaran, S.S Appadoo, J Frank – Applied Mathematics Messages, Vol 26, Event ane, 2013)