Trading Strategy For Binary Options

Welcome to the largest expert guide to binary options and binary trading online. 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 take close to a thousand articles and reviews to guide you to be a more profitable trader in 2022 no affair what your current experience level is.

If you wish to discuss trading or brokers with other traders, we as well have the earth’s largest forum with over 20 000 members and lots of daily activity. Read on to become started trading today! will never contact anyone and encourage them to trade.
If someone is claiming to work for Binaryoptions.cyberspace, it is a scam. Read the scams page to ensure y’all stay protected while trading.

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Forex Binary Options

What Is A Binary Option And How Exercise You lot Brand Coin?

A binary pick is a fast and extremely simple financial instrument which allows investors to speculate on whether the price of an asset will go upwardly or downward in the future, for example the stock price of Google, the price of Bitcoin, the USD/GBP exchange charge per unit, or the price of gold.

The time span can be every bit little every bit threescore seconds, making information technology possible to trade hundreds of times per mean solar day across any global market.

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

This makes chance management and trading decisions much more simple. Yous likewise know exactly how much you will lose on a unmarried trade.

The event 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 advance and this structured payoff is i of the attractions.

Exchange traded binaries are as well now available, meaning traders are not trading against the broker.

To get started trading you first need a regulated broker business relationship (or licensed). Pick one from the recommended brokers listing, where only brokers that accept shown themselves to be trustworthy are included. The superlative banker has been selected every bit the all-time selection for most traders.

If you lot are completely new to binary options yous tin can open a demo account with most brokers, to endeavor out their platform and encounter what it’south like to trade earlier you deposit existent money.

Introduction Video – How to Trade Binary Options

These videos will introduce you lot to the concept of binary options and how trading works. If yous want to know even more particular, delight read this whole page and follow the links to all the more in-depth articles.

Binary trading does non have to exist complicated, just as with any topic you lot can brainwash yourself to be an adept and perfect your skills.

Option Types

The virtually common type of binary selection is the simple “Up/Down” merchandise. There are however, unlike types of option. The one common factor, is that the effect will have a “binary” result (Yes or No). Here are some of the types bachelor:

  • Upward/Down or Loftier/Low
    – The basic and nearly common binary option. Volition a cost finish higher or lower than the current price a the fourth dimension of expiry.
  • In/Out, Range or Boundary
    – This option sets a “high” figure and “low” effigy. Traders predict whether the price volition finish within, or outside, of these levels (or ‘boundaries’).
  • Touch/No Touch
    – These have set levels, higher or lower than the electric current price. The trader has to predict whether the actual toll will ‘bear on’ those levels at any indicate betwixt the time of the trade an expiryNote with a affect selection, that the trade tin can close before the expiry time – if the toll level is touched before the choice expires, then the “Touch” pick will payout immediately, regardless of whether the price moves away from the bear on level later on.
  • Ladder
    – These options behave similar a normal Upward/Downward merchandise, only rather than using the current strike toll, the ladder will have preset price levels (‘laddered’ progressively up or downward).These can often be some way from the current strike price.Equally these options mostly need a significant toll move, payouts will frequently go beyond 100% – but both sides of the merchandise may non be available.

How to Trade – Pace by Pace Guide

Beneath is a step past step guide to placing a binary trade:

  1. Cull a banker
    – Use our broker reviews and comparison tools to find the all-time binary trading sitefor you lot.
  2. Select the asset or market to trade
    – Assets lists are huge, and encompass Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple tree stock price, for instance.
  3. Select the expiry time
    – Options tin elapse anywhere betwixt thirty seconds up to a twelvemonth.
  4. Set the size of the trade
    – Call back 100% of the investment is at take chances so consider the trade amount advisedly.
  5. Click Telephone call / Put or Buy / Sell – Will the nugget value ascension or fall? Some broker label buttons differently.
  6. Check and confirm the trade – Many brokers give traders a chance to ensure the details are right before confirming the trade.

Choose A Broker

Options fraud has been a significant trouble 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 still demand to look for regulated brokers.

Don’t Ever trade with a broker or use a service that’s on our blacklist and scams folio, stick with the ones we recommend here on the site. Here are some shortcuts to pages that can aid you decide which banker is right for yous:

  • Compare all brokers  – if you want to compare the features and offers of all recommended brokers.
  • Bonuses and Offers  – if you want to brand sure you get extra money to trade with, or other promotions and offers.
  • Low minimum deposit brokers – if yous want to merchandise for real without having to deposit big sums of money.
  • Demo Accounts – if you desire to endeavor a trading platform “for existent” without depositing coin at all.
  • Halal Brokers  – if y’all are ane of the growing number of Muslim traders.

Asset Lists

The number and diversity of assets you can merchandise varies from broker to banker. Near brokers provide options on popular assets such as major forex pairs including the EUR/USD, USD/JPY and GBP/USD, likewise as major stock indices such as the FTSE, South&P 500 or Dow Jones Industrial. Bolt including aureate, silver, oil are also generally offered.

Private stocks and equities are likewise tradable through many binary brokers. Not every stock volition be available though, but more often than not yous can choose from near 25 to 100 popular stocks, such as Google and Apple tree.

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These lists are growing all the time as need dictates.

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

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

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

Death Times

The death fourth dimension is the betoken at which a trade is airtight and settled. The just exception is where a ‘Impact’ selection has striking a preset level prior to death. The decease for any given trade can range from 30 seconds, up to a yr.

While binaries initially started with very short expiries, demand has ensured there is now a wide range of expiry times available. Some brokers even give traders the flexibility to set up their own specific expiry fourth dimension.

Expiries are generally grouped into three categories:

  • Short Term / Turbo
    – These are normally classed as any expiry under 5 minutes
  • Normal
    – These would range from v minutes, upward to ‘stop of day’ expiries which expire when the local marketplace for that asset closes.
  • Long term
    – Whatsoever expiry beyond the cease of the day would be considered long term. The longest expiry might be 12 months.


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

  • Fiscal Conduct Dominance (FCA) – UK regulator
  • Cyprus Securities and Substitution Commission (CySec) – Republic of cyprus Regulator, often ‘passported’ throughout the Eu, under MiFID
  • Commodity Futures Trading Commission (CFTC) – Us regulator
  • Australian Securities and Investments Commission (ASIC)
  • Financial Manufacture Regulatory Authorisation (FINRA)

In that location are likewise regulators operating in Republic of malta, Nihon and the Mann. Many other authorities are now taking a keen a involvement in binaries specifically, notably in Europe where domestic regulators are keen to eternalize the CySec regulation.

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


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

This leaves traders two choices to go along trading: Firstly, they tin merchandise with an unregulated business firm – this is extremely high risk and non appropriate. Some unregulated firms are responsible and honest, but many are non.

The second choice is to employ a firm regulated by bodies outside of the EU. ASIC in Australia are a strong regulator – but they will not be implementing a ban. This means ASIC regulated firms can still accept EU traders. See our broker lists for regulated or trusted brokers in your region.

In that location is also a tertiary pick. Traders who annals every bit ‘professional’ are exempt from the new ban. The ban is merely designed to protect ‘retail’ investors.

A professional trader tin go on trading at EU regulated brokers such as IQ Option. To exist classed as professional, an account holder must meet two of these three criteria:

  1. Open 10 or more trades per quarter, of €150 or more than.
  2. Have assets of €500,000 or more
  3. Take worked for two years in a fiscal firm and accept experience 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 you started if you desire to learn the basic earlier you start trading. From Martingale to Rainbow, y’all can find plenty more than on the strategy page.

  • 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 Simple Counterbalanced Organisation
  • Trader Beware! Is That A Tool Or A Strategy?
  • Introduction to trends and timeframes
  • Trend analysis for curt term traders
  • 3 Tools All Traders Should Know
  • How To Trade Butterfly Patterns
  • Binary Options Markets

Signals and Other Services

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

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

Beginners Guides

If y’all are totally new to the trading scene and then picket this great video by Professor Shiller of Yale University who introduces the principal ideas of options:

Education for beginners:

  • Lesson 1: Best Time to Merchandise
  • Lesson 2: Tools for Trading
  • Lesson 3: Trading Breakouts using Pivot Points
  • Lesson 4: How to Utilize the Fibonacci Tool
  • Lesson 5: Hazard Management
  • Lesson 6: Variable Binary Options
  • Lesson vii: How to Postpone Expiration Times
  • Lesson 8: When Non to Merchandise
  • Lesson 9: Going Mobile
  • Lesson x: Using the FX Helpers System
  • Lesson xi: Using the FX Turbo Marksman Indicator
  • Lesson 12: Analysing a Trade

Types of Trades

  • Impact/No Touch
  • Target Bet
  • Ladder Bet
  • Tunnel Bet
  • Loftier/Low

How to Set Up a Trade

The ability to trade the different types of binary options can be achieved by understanding certain concepts such every bit strike price or price barrier, settlement, and expiration date. All trades have dates at which they expire.

When the trade expires, the behaviour of the price action according to the type selected will determine if it’s in turn a profit (in the money) or in a loss position (out-of-the-coin).

In add-on, the price targets are key levels that the trader sets as benchmarks to make up one’s mind outcomes. We will see the awarding of cost 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/Depression
  2. In/Out
  3. Bear on/No Bear upon

Let united states take them one after the other.


Also called the Upwardly/Down binary merchandise, the essence is to predict if the market price of the nugget will end up college or lower than the strike toll (the selected target price) before the expiration. If the trader expects the cost to go upwards (the “Up” or “High” trade), he purchases a call option. If he expects the price to head downwards (“Depression” or “Downwardly”), he purchases a put choice. Expiry times can be equally low as 5 minutes.

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


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

The best style to apply the tunnel binaries is to use the pivot points of the asset. If you are familiar with pivot points in forex, then yous should be able to trade this type.

Affect/No Touch

This blazon 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 deliver profit if the market cost of the nugget purchased touches the set target price at to the lowest degree once before death.

If the cost action does not bear on the toll target (the strike cost) earlier expiry, the merchandise volition cease upwardly as a loss.

A “No Touch” is the exact reverse of the Affect. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration.

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At that place are variations of this blazon where we have the Double Bear upon and Double No Touch. Here the trader can set two price targets and purchase a contract that bets on the toll touching both targets before expiration (Double Affect) or non touching both targets before expiration (Double No Touch).

Usually y’all would merely utilize the Double Impact trade when there is intense market volatility and prices are expected to take out several toll levels.

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

In social club to get the all-time 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 can exist set.

Mobile Apps

Trading via your mobile has been fabricated very piece of cake equally all major brokers provide fully developed mobile trading apps. Well-nigh trading platforms have been designed with mobile device users in mind.

And so the mobile version volition be very similar, if non the aforementioned, 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 as well.

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

Traders want to react immediately to news events and market updates, and then 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 merchandise where the outcome is a ‘binary’ Yeah/No respond. These options pay a fixed amount if they win (known as “in the money”), but the entire investment is lost, if the binary merchandise loses. And then, in short, they are a form of fixed render financial options.

How Does a Stock Trade Work?

Steps to merchandise a stock via a binary option;

  1. Select the stock or equity.
  2. Identify the desired death time (The time the choice will stop).
  3. Enter the size of the trade or investment
  4. Decide if the value volition ascent or fall and place a put or phone call

The steps to a higher place will be the same at every unmarried banker. More than layers of complexity can be added, but when trading equities the simple Upward/Down trade type remains the most popular.

Put and Call Options

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

Different trading platforms characterization their trading buttons different, some even switch between Purchase/Sell and Call/Put. Others drop the phrases put and call altogether.

Well-nigh every trading platform will brand it absolutely clear which management a trader is opening an selection in.

Are Binary Options a Scam?

Equally a financial investment tool they in themselves not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.

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

The image of these financial instruments has suffered as a consequence 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 identify to raise awareness of any wrongdoing.

These unproblematic checks tin help anyone avoid the scams:

  • Marketing promising huge returns. This is clear warning sign. Binaries are a high gamble / high advantage tool – they are non a “make money online” scheme and should not be sold equally such. Operators making such claims are very likely to be untrustworthy.
  • Know the broker. Some operators volition ‘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 broker they are going to trade with! These funnels often fall into the “get rich quick” marketing discussed earlier.
  • Cold Calls. Professional brokers will not make cold calls – they practice non market themselves in that manner. Cold calls will frequently be from unregulated brokers interested only in getting an initial eolith. Proceed extremely carefully if joining a company that got in contact this style. 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 volition include locking in an initial deposit (in addition to the bonus funds) until a high volume of trades have been made. The first deposit is the trader’southward cash – legitimate brokers would not claim it as theirs before whatever trading. Some brokers also offer the option of cancelling a bonus if it does not fit the needs of the trader.
  • Do not let anyone trade for yous. Avoid allowing any “account managing director” to trade for you. At that place is a clear disharmonize of involvement, just these employees of the broker volition encourage traders to make large deposits, and take greater risks . Traders should not let anyone trade on their behalf.

Which Are The Best Trading Strategies?

Binary trading strategies are unique to each merchandise. We accept a strategy section, and at that place are ideas that traders tin can experiment with. Technical assay is of use to some traders, combined with charts, indicators and price activity research.

Coin management is essential to ensure adventure management is applied to all trading. Different styles will suit different traders and strategies will besides evolve and change.

In that location is no unmarried “best” strategy. Traders need to ask questions of their investing aims and risk appetite and so learn what works for them.

Are Binary Options Gambling?

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

Binary options can be used to gamble, just they can also be used to make trades based on value and expected profits. And then the answer to the question will come downwards to the trader.

Advantages of Binary Trading

The principal benefit of binaries is the clarity of take a chance and reward and the structure of the trade.

Managing Financial Chance

If y’all have traded forex or its more than volatile cousins, crude oil or spot metals such as gilt or silver, you will take probably learnt one thing: these markets conduct a lot of risk and it is very piece of cake to exist blown 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 different in binary options trading.

There is no leverage to argue with, and phenomena such equally slippage and price re-quotes accept no effect on binary choice trade outcomes.

Taxation implications may besides be beneficial, depending on your location.

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


The binary options market allows traders to merchandise financial 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-terminate shop to merchandise all these instruments.


A binary trade result is based on just i parameter: management. The trader is essentially betting on whether a fiscal asset will terminate upwards in a particular direction.

In add-on, the trader is at liberty to determine when the trade ends, by setting an death date.

This gives a trade that initially started badly the opportunity to end well. This is not the example with other markets. For case, command of losses can only exist accomplished using a stop loss.

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

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Greater Control Of Trades

Traders have better control of trades in binaries. For case, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the trade is out-of-the-coin.

This is not the instance with other markets. For example, when a trader sets a pending club in the forex market place to trade a high-impact news result, in that location is no assurance that his merchandise will be filled at the entry price or that a losing trade volition be closed out at the exit end loss.

Higher Payouts

The payouts per trade are usually higher in binaries than with other forms of trading. Some brokers offer payouts of upwardly to 80% on a trade. This is achievable 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 corporeality of trading capital to the marketplace, hoping for one big payout (which never occurs in near cases).


In order to trade the highly volatile forex or commodities markets, a trader has to take a reasonable amount of money as trading capital. For instance, trading gilded, a commodity with an intra-twenty-four hours volatility of up to ten,000 pips in times of high volatility, requires trading uppercase in tens of thousands of dollars.

Still, binary options has much lower entry requirements, as some brokers allow people to showtime trading with equally depression as $10.

Disadvantages of Binary Trading

Reduced Trading Odds for Sure-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 every bit 85% payouts per trade, such high payouts are possible merely when a trade is fabricated with the death appointment set at some distance away from the date of the trade.

Of form in such situations, the trades are more than unpredictable.

Lack Of Good Trading Tools

Some brokers do not offer truly helpful trading tools such equally charts and features for technical analysis to their clients.

Experienced traders tin can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are non equally fortunate.

This is irresolute for the better though, equally operators mature and become aware of the need for these tools to attract traders.

Limitations On Take a chance Management

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

This makes information technology easier to lose too much capital when trading binaries. As an illustration, a forex broker may allow you to open an business relationship with $200 and trade micro-lots, which allows a trader to expose just adequate amounts of his capital letter to the marketplace.

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

Cost Of Losing Trades

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

Trade Corrections

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

Spot Forex vs Binary Trading

These are ii different alternatives, traded with ii different psychologies, merely both can brand sense as investment tools. One is more than TIME centric and the other is more Toll axial. They both piece of work in time/cost but the focus you will find from i to the other is an interesting split.

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

Binaries by their nature force one to exit a position within a given fourth dimension frame win or lose which instills a greater focus on bailiwick and risk management.

In forex trading this lack of discipline is the #i cause for failure to most traders equally they will simply concord losing positions for longer periods of fourth dimension and cut winning positions in shorter periods of time.

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

Above is a trade made on the EUR/USD ownership in an under ten infinitesimal window of price and time. As a binary trader this focus will naturally make yous amend 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 being able to focus on limits and the dual axis volition aid you in becoming a ameliorate trader overall.

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

This is to say that if you enter a position that you believe volition increase in value and the price does not increment yet accelerates to the downside, the normal trend for virtually spot traders is to await it out or worse add to the losing positions as they figure it will come up dorsum.

The dispatch in fourth dimension to the opposite desired direction causes most spot traders to be trapped in unfavourable positions, all because they exercise not programme fourth dimension into their reasoning, and this leads to a complete lack of trading subject area.

The nature of binary options forcefulness one to have a more complete mindset of trading off both Y = Price Range and X = Fourth dimension Range as limits are applied. They will just make y’all a better overall trader from the start.

Conversely on the flip side, they by their nature require a greater win rate as each bet ways a70-90% gain
vs a100% loss. So your win charge per unit needs to be on average 54%-58% to break even.

This imbalance causes many traders to overtrade or revenge trade which is only as bad as property/adding to losing positions as a spot forex trader. To successfully trade you need to exercise money management and emotional command.

In conclusion, when starting out equally a trader, binaries might offer a better foundation to learn trading. The simple reasoning is that the focus on Fourth dimension/Price combined is like looking both ways when crossing the street.

The average spot forex trader only looks at price, which means he is merely looking in 1 direction before crossing the street.

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

References And Further Reading

  1. A Study of Optimal Stock and Options Strategies (Dash, Mihir and V., Kavitha and K.One thousand., Deepa and S., Sindhu, 2007)
  2. Is At that place 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 Printing, Inc., 2004)
  4. Trading Binary Options: Strategies and Tactics (Abe Cofnas – John Wiley & Sons, 2011)
  5. Binary Options: Stock-still Odds Financial Bets (Hamish Raw – Harriman House Express, 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. Pick Trading and Individual Investor Performance (R Bauer, M Cosemans, P Eichholtz – Journal of banking & finance, Vol three Issue four, 2009)
  9. Binary Option Pricing Using Fuzzy Numbers (A Thavaneswaran, S.S Appadoo, J Frank – Practical Mathematics Messages, Vol 26, Issue 1, 2013)