Super Simple 5 Minute Binary Options Mechanical Advantage

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

We accept close to a thousand articles and reviews to guide you to be a more profitable trader in 2022 no matter what your current experience level is.

If you wish to discuss trading or brokers with other traders, we also have the earth’s largest forum with over 20 000 members and lots of daily activity. Read on to get started trading today! volition never contact anyone and encourage them to trade.
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What Is A Binary Option And How Practise You lot Make Money?

A binary option is a fast and extremely simple financial instrument which allows investors to speculate on whether the price of an asset will go upward or down in the future, for example the stock toll of Google, the cost of Bitcoin, the USD/GBP exchange rate, or the price of gold.

The time span can be every bit footling as 60 seconds, making it possible to trade hundreds of times per 24-hour interval across any global market.

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

This makes chance management and trading decisions much more than elementary. Y’all besides know exactly how much you will lose on a single merchandise.

The outcome is ever a Yeah or No answer – you lot either win it all or you lot lose it all – hence it being a “binary” choice. The take chances and reward is known in advance and this structured payoff is one of the attractions.

Exchange traded binaries are as well now bachelor, pregnant traders are not trading confronting the broker.

To get started trading you first demand a regulated broker account (or licensed). Pick one from the recommended brokers list, where only brokers that take shown themselves to exist trustworthy are included. The meridian banker has been selected as the best choice for nearly traders.

If yous are completely new to binary options you can open a demo account with nigh brokers, to endeavour out their platform and come across what it’southward like to trade before you deposit existent money.

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 want to know even 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, only as with whatsoever topic yous can brainwash yourself to exist an expert and perfect your skills.

Choice Types

The nearly common type of binary option is the unproblematic “Upwardly/Down” merchandise. At that place are however, unlike types of option. The one mutual factor, is that the upshot will have a “binary” result (Yes or No). Hither are some of the types available:

  • Upwardly/Down or Loftier/Depression
    – The basic and well-nigh common binary selection. Will a price finish higher or lower than the electric current price a the time of decease.
  • In/Out, Range or Purlieus
    – This pick sets a “high” figure and “low” effigy. Traders predict whether the cost will finish within, or outside, of these levels (or ‘boundaries’).
  • Touch/No Touch
    – These have gear up levels, college or lower than the current toll. The trader has to predict whether the actual cost will ‘touch’ those levels at any point between the time of the merchandise an expiryNote with a touch pick, that the merchandise can close earlier the death time – if the price level is touched before the pick expires, so the “Bear upon” option volition payout immediately, regardless of whether the toll moves away from the bear upon level after.
  • Ladder
    – These options behave similar a normal Up/Down trade, merely rather than using the current strike price, the ladder will have preset price levels (‘laddered’ progressively up or down).These can often be some mode from the current strike price.Every bit these options generally need a significant price move, payouts will often go beyond 100% – but both sides of the merchandise may not be available.

How to Merchandise – Step by Footstep Guide

Below is a stride by footstep guide to placing a binary merchandise:

  1. Choose a banker
    – Use our broker reviews and comparison tools to find the best binary trading sitefor yous.
  2. Select the asset or market to trade
    – Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The toll of oil, or the Apple stock price, for example.
  3. Select the expiry time
    – Options can elapse anywhere betwixt thirty seconds up to a year.
  4. Set up the size of the trade
    – Remember 100% of the investment is at take a chance and so consider the merchandise amount advisedly.
  5. Click Call / Put or Buy / Sell – Will the nugget value rise or fall? Some broker label buttons differently.
  6. Check and confirm the trade – Many brokers give traders a chance to ensure the details are correct before confirming the trade.

Choose A Broker

Options fraud has been a meaning problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative.

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

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

  • Compare all brokers  – if yous want to compare the features and offers of all recommended brokers.
  • Bonuses and Offers  – if you want to make sure you become extra money to trade with, or other promotions and offers.
  • Low minimum deposit brokers – if you want to merchandise for real without having to deposit large sums of money.
  • Demo Accounts – if you desire to try a trading platform “for real” without depositing money at all.
  • Halal Brokers  – if you are one of the growing number of Muslim traders.

Asset Lists

The number and diversity of assets you lot can trade varies from broker to broker. About brokers provide options on popular assets such equally major forex pairs including the EUR/USD, USD/JPY and GBP/USD, as well as major stock indices such as the FTSE, Due south&P 500 or Dow Jones Industrial. Bolt including golden, silverish, oil are likewise generally offered.

Individual stocks and equities are also tradable through many binary brokers. Not every stock will be available though, but generally you tin choose from about 25 to 100 popular stocks, such as Google and Apple tree.

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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 available on their website.

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

Trading cryptocurrency via binary trades is likewise booming. The volatile nature of cryptos makes them a pop binary asset. Bitcoin and Ethereum remain the most traded, only you can notice brokers that list fifty or more alt coins.

Expiry Times

The expiry fourth dimension is the indicate at which a trade is closed and settled. The only exception is where a ‘Touch’ selection has hit a preset level prior to expiry. The expiry for whatsoever given trade can range from 30 seconds, up to a year.

While binaries initially started with very brusk expiries, need has ensured there is now a broad range of expiry times available. Some brokers even give traders the flexibility to set up their ain specific expiry time.

Expiries are more often than not grouped into three categories:

  • Curt Term / Turbo
    – These are commonly classed every bit any expiry under 5 minutes
  • Normal
    – These would range from v minutes, upwards to ‘end of solar day’ expiries which expire when the local market for that asset closes.
  • Long term
    – Any expiry beyond the finish of the day would be considered long term. The longest expiry might be 12 months.


While irksome to react to binary options initially, regulators around the world are at present starting to regulate the manufacture and make their presence felt. The major regulators currently include:

  • Financial Conduct Authority (FCA) – Britain regulator
  • Cyprus Securities and Exchange Committee (CySec) – Cyprus Regulator, oftentimes ‘passported’ throughout the Eu, nether MiFID
  • Commodity Futures Trading Commission (CFTC) – US regulator
  • Australian Securities and Investments Commission (ASIC)
  • Fiscal Industry Regulatory Authority (FINRA)

There are as well regulators operating in Malta, Japan and the Isle of Man. Many other government are now taking a keen a involvement in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation.

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


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

This leaves traders two choices to continue trading: Firstly, they can trade with an unregulated business firm – this is extremely high adventure and not appropriate. Some unregulated firms are responsible and honest, merely many are non.

The 2d choice is to use a house regulated past bodies outside of the European union. ASIC in Australia are a strong regulator – but they will not 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 likewise a third option. Traders who annals as ‘professional’ are exempt from the new ban. The ban is just designed to protect ‘retail’ investors.

A professional trader can continue trading at EU regulated brokers such as IQ Selection. To be classed as professional, an account holder must meet 2 of these three criteria:

  1. Open x or more trades per quarter, of €150 or more.
  2. Take assets of €500,000 or more
  3. Have worked for two years in a fiscal firm and have experience of financial products.

Strategies and Guides

We have a lot of detailed guides and strategy articles for both general educational activity and specialized trading techniques. Beneath are a few to get you started if you want to learn the basic before you commencement trading. From Martingale to Rainbow, you can find plenty more than on the strategy folio.

  • The all-time binary options books
  • Goals for New Binary Traders
  • Binary Options Jargon You Should Know
  • How to Become a Binary Options Millionaire
  • Trading times
  • How to Trade Stocks
  • Simple Strategies for Newbies
  • The After Hours Trading Strategy
  • The Unproblematic Balanced System
  • Trader Beware! Is That A Tool Or A Strategy?
  • Introduction to trends and timeframes
  • Tendency analysis for brusk term traders
  • 3 Tools All Traders Should Know
  • How To Trade Butterfly Patterns
  • Binary Options Markets

Signals and Other Services

  • What should you expect for when searching for a strategy, organization or service?
  • Even Good SSP’southward Aren’t Worth Your Time

For further reading on signals and reviews of different services get to the signals folio.

Beginners Guides

If you are totally new to the trading scene so watch this great video by Professor Shiller of Yale University who introduces the primary ideas of options:

Education for beginners:

  • Lesson 1: Best Fourth dimension to Trade
  • Lesson two: Tools for Trading
  • Lesson 3: Trading Breakouts using Pivot Points
  • Lesson 4: How to Use the Fibonacci Tool
  • Lesson 5: Take chances Management
  • Lesson half-dozen: Variable Binary Options
  • Lesson 7: How to Postpone Expiration Times
  • Lesson eight: When Not to Trade
  • Lesson 9: Going Mobile
  • Lesson ten: Using the FX Helpers System
  • Lesson 11: Using the FX Turbo Marksman Indicator
  • Lesson 12: Analysing a Trade

Types of Trades

  • Touch on/No Bear on
  • Target Bet
  • Ladder Bet
  • Tunnel Bet
  • High/Depression

How to Fix a Trade

The ability to merchandise the different types of binary options tin can be accomplished past agreement certain concepts such every bit strike cost or cost barrier, settlement, and expiration date. All trades have dates at which they expire.

When the merchandise expires, the behaviour of the price activeness according to the type selected will make up one’s mind if information technology’southward in profit (in the money) or in a loss position (out-of-the-money).

In addition, the price targets are fundamental levels that the trader sets as benchmarks to determine outcomes. We volition come across the awarding of toll targets when we explain the different types.

At that place are three types of trades. Each of these has different variations. These are:

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

Let us accept them i subsequently the other.


As well called the Upwardly/Down binary trade, the essence is to predict if the market price of the asset volition finish upwardly higher or lower than the strike price (the selected target price) before the expiration. If the trader expects the price to go up (the “Up” or “High” trade), he purchases a call option. If he expects the toll to head downwards (“Low” or “Downward”), he purchases a put pick. Expiry times can be equally low as 5 minutes.

Please note: some brokers classify Up/Downwards as a different types, where a trader purchases a call option if he expects the cost to rise across 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 blazon on some trading platforms.


The In/Out type, also called the “tunnel trade” or the “purlieus merchandise”, is used to trade price consolidations (“in”) and breakouts (“out”). How does it work? Start, the trader sets ii price targets to class a price range. He so purchases an selection to predict if the price will stay within the price range/tunnel until expiration (In) or if the cost will breakout of the toll range in either management (Out).

The best fashion to use the tunnel binaries is to use the pin points of the asset. If you are familiar with pivot points in forex, and so you should be able to trade this type.

Touch/No Touch

This type is predicated on the price action touching a price bulwark or not. A “Touch” option is a type where the trader purchases a contract that will deliver profit if the market place price of the nugget purchased touches the fix target price at least in one case earlier expiry.

If the price activity does not bear on the price target (the strike cost) before expiry, the trade will end up as a loss.

A “No Bear on” is the verbal opposite of the Touch. Hither y’all are betting on the price action of the underlying asset non touching the strike cost before the expiration.

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There are variations of this blazon where we accept the Double Affect and Double No Touch on. Here the trader can set 2 toll targets and purchase a contract that bets on the price touching both targets before expiration (Double Touch) or not touching both targets before expiration (Double No Touch).

Ordinarily you would merely use the Double Touch trade when in that location is intense market volatility and prices are expected to take out several price levels.

Some brokers offer all three types, while others offering two, and there are those that offer simply ane variety. In addition, some brokers also put restrictions on how expiration dates are set up.

In guild to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that tin can be set.

Mobile Apps

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

So the mobile version will be very similar, if not the aforementioned, as the full spider 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 incorporate more particular most each brokers mobile app, just near are fully enlightened 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 trade wherever they are.

Trading FAQ

What Does Binary Options Mean?

“Binary options” ways, put very simply, a trade where the outcome is a ‘binary’ Yes/No reply. These options pay a fixed amount if they win (known as “in the coin”), but the unabridged investment is lost, if the binary trade loses. Then, in curt, they are a form of fixed return fiscal options.

How Does a Stock Trade Piece of work?

Steps to trade a stock via a binary option;

  1. Select the stock or equity.
  2. Identify the desired expiry time (The time the pick will finish).
  3. Enter the size of the trade or investment
  4. Determine if the value volition rising or fall and place a put or telephone call

The steps above will exist the same at every unmarried broker. More layers of complication can be added, simply when trading equities the uncomplicated Up/Downward trade type remains the nearly pop.

Put and Call Options

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

Dissimilar trading platforms characterization their trading buttons different, some even switch betwixt Buy/Sell and Call/Put. Others drop the phrases put and phone call birthday.

Almost every trading platform will make information technology absolutely clear which management a trader is opening an option in.

Are Binary Options a Scam?

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

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

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

These simple checks tin help anyone avoid the scams:

  • Marketing promising huge returns. This is clear warning sign. Binaries are a loftier risk / high reward tool – they are not 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 will ‘funnel’ new customer to a broker they partner with, so the person has no idea who their business relationship is with. A trader should know the banker they are going to trade with! These funnels often fall into the “get rich quick” marketing discussed before.
  • Common cold Calls. Professional brokers will not make common cold calls – they do not market themselves in that way. Cold calls volition frequently be from unregulated brokers interested only in getting an initial deposit. Go along extremely carefully if joining a company that got in contact this way. This would include email contact as well – any form of contact out of the blue.
  • Terms and Conditions. When taking a bonus or offer, read the full terms and weather condition. Some will include locking in an initial deposit (in add-on to the bonus funds) until a high volume of trades have been fabricated. The first deposit is the trader’s cash – legitimate brokers would not claim information technology equally theirs earlier any trading. Some brokers also offer the option of cancelling a bonus if it does not fit the needs of the trader.
  • Do not allow anyone trade for yous. Avoid assuasive any “account manager” to merchandise for you lot. There is a articulate conflict of interest, but these employees of the banker volition encourage traders to brand large deposits, and take greater risks . Traders should not permit anyone trade on their behalf.

Which Are The Best Trading Strategies?

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

Money management is essential to ensure risk management is applied to all trading. Different styles will adjust unlike traders and strategies will also evolve and change.

At that place is no single “all-time” strategy. Traders need to ask questions of their investing aims and risk appetite and then learn what works for them.

Are Binary Options Gambling?

This volition depend entirely on the habits of the trader. With no strategy or enquiry, so whatsoever short term investment is going to win or lose based only on luck. Conversely, a trader making a well researched trade volition ensure they have washed all they can to avoid relying on skillful fortune.

Binary options tin be used to take a chance, but they can besides be used to make trades based on value and expected profits. Then the reply to the question will come down to the trader.

Advantages of Binary Trading

The main benefit of binaries is the clarity of take a chance and advantage and the structure of the merchandise.

Managing Financial Chance

If you take traded forex or its more volatile cousins, crude oil or spot metals such as golden or argent, yous will have probably learnt 1 thing: these markets carry a lot of take chances and it is very easy to be blown off the market place.

Things similar leverage and margin, news events, slippages and cost re-quotes, etc can all affect a trade negatively. The state of affairs is dissimilar in binary options trading.

There is no leverage to contend with, and phenomena such as slippage and toll re-quotes take no effect on binary option merchandise outcomes.

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

This reduces the risk in binary option trading to the barest minimum.


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

This flexibility is unparalleled, and gives traders with the noesis of how to trade these markets, a one-stop shop to merchandise all these instruments.


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

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

This gives a trade that initially started badly the opportunity to end well. This is non the case with other markets. For example, control of losses tin can just be achieved using a stop loss.

Otherwise, a trader has to suffer a drawdown if a trade takes an adverse plow in order to give it room to turn assisting. The unproblematic point being fabricated hither is that in binary options, the trader has less to worry well-nigh than if he were to trade other markets.

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Greater Command Of Trades

Traders have better control of trades in binaries. For example, if a trader wants to purchase a contract, he knows in accelerate, what he stands to proceeds and what he will lose if the trade is out-of-the-money.

This is not the case with other markets. For example, when a trader sets a pending gild in the forex market to trade a high-impact news event, at that place is no assurance that his trade volition be filled at the entry price or that a losing trade will be airtight out at the go out stop loss.

Higher Payouts

The payouts per trade are usually college in binaries than with other forms of trading. Some brokers offer payouts of upwards to 80% on a merchandise. This is doable without jeopardising the account.

In other markets, such payouts can only 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 order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money as trading capital. For example, trading gold, a commodity with an intra-day volatility of upward to ten,000 pips in times of loftier volatility, requires trading capital letter in tens of thousands of dollars.

Still, binary options has much lower entry requirements, equally some brokers allow people to starting time trading with as low as $x.

Disadvantages of Binary Trading

Reduced Trading Odds for Sure-Broker Trades

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

While information technology is true that some trades offer every bit much as 85% payouts per trade, such high payouts are possible only when a merchandise is made with the expiry date prepare at some distance away from the appointment of the trade.

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

Lack Of Skillful Trading Tools

Some brokers do not offering 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 changing for the ameliorate though, as operators mature and become aware of the need for these tools to attract traders.

Limitations On Risk Management

Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small business relationship sizes, many binary pick brokers prepare a trading floor; minimum amounts which a trader tin trade in the market place.

This makes it easier to lose too much capital when trading binaries. As an analogy, a forex broker may allow you to open an account with $200 and trade micro-lots, which allows a trader to expose only acceptable amounts of his capital to the market.

All the same, you volition be hard put finding many binary brokers that volition let y’all to trade beneath $50, even with a $200 account. In this state of affairs, four losing trades will accident the account.

Price Of Losing Trades

Unlike in other markets where the gamble/reward ratio tin be controlled and set to requite an edge to winning trades, the odds of binary options tilt the run a risk-reward ratio in favour of losing trades.

Merchandise Corrections

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

Spot Forex vs Binary Trading

These are two different alternatives, traded with two dissimilar psychologies, simply both can make sense as investment tools. One is more TIME centric and the other is more than Price centric. They both work in time/toll but the focus you will find from one to the other is an interesting carve up.

Spot forex traders might overlook fourth dimension equally a factor in their trading which is a very very big fault. The successful binary trader has a more balanced view of time/price, which simply makes him a more than well rounded trader.

Binaries by their nature force i to go out a position within a given time frame win or lose which instills a greater focus on bailiwick and take chances management.

In forex trading this lack of subject area is the #1 crusade for failure to most traders as they will simply hold losing positions for longer periods of time and cutting winning positions in shorter periods of fourth dimension.

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

To a higher place is a trade made on the EUR/USD buying in an under 10 minute window of price and time. As a binary trader this focus volition naturally make you lot meliorate than the below case, where a spot forex trader who focuses on price while ignoring the fourth dimension element ends up in trouble. This psychology of beingness able to focus on limits and the dual axis volition aid you in becoming a better trader overall.

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

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

The acceleration in time to the opposite desired direction causes most spot traders to exist trapped in unfavourable positions, all because they exercise not plan time into their reasoning, and this leads to a complete lack of trading field of study.

The nature of binary options force 1 to take a more complete mindset of trading off both Y = Price Range and X = Time Range as limits are applied. They volition just make you a meliorate overall trader from the start.

Conversely on the flip side, they by their nature require a greater win charge per unit equally each bet ways a70-ninety% gain
vs a100% loss. Then your win rate needs to be on average 54%-58% to break even.

This imbalance causes many traders to overtrade or revenge trade which is just as bad as holding/adding to losing positions as a spot forex trader. To successfully trade y’all need to do money direction and emotional command.

In decision, when starting out every bit a trader, binaries might offer a better foundation to larn trading. The uncomplicated reasoning is that the focus on TIME/Cost combined is like looking both ways when crossing the street.

The average spot forex trader just looks at price, which ways he is only looking in ane direction earlier crossing the street.

Learning to merchandise taking both time and cost into consideration should aid in making 1 a much overall trader.

References And Further Reading

  1. A Study of Optimal Stock and Options Strategies (Dash, Mihir and V., Kavitha and G.M., Deepa and S., Sindhu, 2007)
  2. Is There Money to Be Made Investing in Options: A Historical Perspective (Doran, James and Fodor, Andy, 2006)
  3. An Investor’southward 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 House 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. Selection Trading and Individual Investor Performance (R Bauer, M Cosemans, P Eichholtz – Journal of cyberbanking & finance, Vol 3 Result four, 2009)
  9. Binary Option Pricing Using Fuzzy Numbers (A Thavaneswaran, Southward.S Appadoo, J Frank – Applied Mathematics Messages, Vol 26, Issue 1, 2013)