What Are The Odds Of 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 brand a living in the finance industry and online trading.

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

If you wish to discuss trading or brokers with other traders, nosotros also accept the earth’s largest forum with over 20 000 members and lots of daily action. Read on to go started trading today!

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Forex Binary Options

What Is A Binary Option And How Do Yous Brand Money?

A binary option is a fast and extremely uncomplicated financial instrument which allows investors to speculate on whether the price of an nugget will go up or downwardly 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 tin can be every bit little every bit 60 seconds, making it possible to trade hundreds of times per day across any global marketplace.

Before you place a trade you lot know exactly how much y’all stand up to gain if your prediction is right, usually 70-95% – if you lot invest $100 you will receive a credit of $170 – $195 on a successful merchandise.

This makes hazard direction and trading decisions much more uncomplicated. You also know exactly how much you will lose on a single trade.

The upshot is ever a Yes or No answer – you either win it all or you lose it all – hence it being a “binary” selection. The take a chance and reward is known in advance and this structured payoff is one of the attractions.

Exchange traded binaries are also now available, meaning traders are non trading against the broker.

To get started trading you beginning need a regulated broker account (or licensed). Pick one from the recommended brokers list, where but brokers that have shown themselves to exist trustworthy are included. The elevation broker has been selected equally the all-time option for most traders.

If you are completely new to binary options y’all can open a demo account with most brokers, to try out their platform and run across what it’s like to merchandise earlier yous deposit existent money.

Introduction Video – How to Trade Binary Options

These videos will innovate you to the concept of binary options and how trading works. If you want to know even more than item, please read this whole page and follow the links to all the more in-depth articles.

Binary trading does not have to be complicated, merely every bit with any topic you can educate yourself to be an good and perfect your skills.

Selection Types

The most common blazon of binary option is the uncomplicated “Upward/Down” trade. At that place are however, dissimilar types of option. The i common factor, is that the outcome volition have a “binary” result (Yes or No). Here are some of the types available:

  • Up/Down or High/Depression
    – The basic and most mutual binary choice. Will a price terminate higher or lower than the electric current toll a the time of expiry.
  • In/Out, Range or Boundary
    – This option sets a “high” figure and “low” effigy. Traders predict whether the cost will finish within, or outside, of these levels (or ‘boundaries’).
  • Bear upon/No Touch
    – These have set levels, higher or lower than the current price. The trader has to predict whether the actual price volition ‘touch’ those levels at whatever point between the fourth dimension of the trade an expiryNote with a touch option, that the trade can close earlier the decease time – if the toll level is touched before the option expires, then the “Affect” option will payout immediately, regardless of whether the price moves away from the bear on level later.
  • Ladder
    – These options behave like a normal Up/Down trade, only rather than using the current strike price, the ladder will accept preset price levels (‘laddered’ progressively up or down).These tin often be some style from the current strike price.Every bit these options by and large need a meaning price movement, payouts will often go across 100% – but both sides of the merchandise may not be available.

How to Trade – Step by Stride Guide

Beneath is a stride by step guide to placing a binary trade:

  1. Cull a broker
    – Use our broker reviews and comparison tools to find the best binary trading sitefor you.
  2. Select the asset or marketplace to trade
    – Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example.
  3. Select the decease time
    – Options can expire anywhere between 30 seconds upwards to a year.
  4. Fix the size of the merchandise
    – Call back 100% of the investment is at risk so consider the merchandise amount carefully.
  5. Click Call / Put or Buy / Sell – Will the asset value ascension or fall? Some banker 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 Banker

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

These firms are thankfully disappearing every bit regulators have finally begun to act, simply traders withal need to wait 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 hither on the site. Hither are some shortcuts to pages that can help you determine which broker is correct for you:

  • Compare all brokers  – if you desire to compare the features and offers of all recommended brokers.
  • Bonuses and Offers  – if you want to brand sure you get actress money 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 you want to try a trading platform “for real” without depositing money at all.
  • Halal Brokers  – if yous are one of the growing number of Muslim traders.

Nugget Lists

The number and diversity of avails you tin can trade varies from banker to broker. Most brokers provide options on popular avails such as 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. Commodities including aureate, argent, oil are also generally offered.

Private stocks and equities are also tradable through many binary brokers. Not every stock will exist available though, but more often than not you can choose from about 25 to 100 popular stocks, such as Google and Apple.

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These lists are growing all the time as need dictates.

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

This information is too bachelor inside our reviews, including currency pairs.

Trading cryptocurrency via binary trades is also booming. The volatile nature of cryptos makes them a popular binary asset. Bitcoin and Ethereum remain the nearly traded, merely you can notice brokers that list 50 or more than alt coins.

Expiry Times

The expiry time is the betoken at which a trade is closed and settled. The only exception is where a ‘Touch’ option has hit a preset level prior to expiry. The expiry for whatsoever given merchandise can range from xxx seconds, upwards to a year.

While binaries initially started with very brusk expiries, demand has ensured there is now a broad range of expiry times bachelor. Some brokers fifty-fifty give traders the flexibility to fix their own specific expiry time.

Expiries are generally grouped into three categories:

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


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

  • Financial Conduct Say-so (FCA) – Britain regulator
  • Cyprus Securities and Substitution Commission (CySec) – Cyprus Regulator, ofttimes ‘passported’ throughout the European union, under MiFID
  • Article Futures Trading Commission (CFTC) – US regulator
  • Australian Securities and Investments Commission (ASIC)
  • Financial Industry Regulatory Authority (FINRA)

There are as well regulators operating in Malta, Nippon and the Isle of man. Many other government are at present taking a peachy a interest in binaries specifically, notably in Europe where domestic regulators are dandy to bolster the CySec regulation.

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


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

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

The 2d pick is to use a business firm regulated by bodies outside of the European union. ASIC in Australia are a strong regulator – just they will not be implementing a ban. This means ASIC regulated firms can all the same accept EU traders. See our broker lists for regulated or trusted brokers in your region.

At that place is besides a third pick. Traders who register as ‘professional person’ are exempt from the new ban. The ban is simply designed to protect ‘retail’ investors.

A professional trader can go along trading at European union regulated brokers such every bit IQ Selection. To be classed every bit professional, an business relationship holder must meet two of these three criteria:

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

Strategies and Guides

We have a lot of detailed guides and strategy articles for both general teaching and specialized trading techniques. Beneath are a few to get you started if yous want to larn the bones before you showtime trading. From Martingale to Rainbow, yous can find plenty more than on the strategy page.

  • The best 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
  • Elementary Strategies for Newbies
  • The Afterward Hours Trading Strategy
  • The Simple Balanced Organization
  • Trader Beware! Is That A Tool Or A Strategy?
  • Introduction to trends and timeframes
  • Trend analysis for short term traders
  • Iii Tools All Traders Should Know
  • How To Merchandise Butterfly Patterns
  • Binary Options Markets

Signals and Other Services

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

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

Beginners Guides

If you lot are totally new to the trading scene so spotter this cracking video by Professor Shiller of Yale Academy who introduces the main ideas of options:

Education for beginners:

  • Lesson 1: All-time Time to Trade
  • Lesson 2: Tools for Trading
  • Lesson 3: Trading Breakouts using Pin Points
  • Lesson 4: How to Use the Fibonacci Tool
  • Lesson 5: Take a chance Management
  • Lesson 6: Variable Binary Options
  • Lesson seven: 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 Bear upon
  • Target Bet
  • Ladder Bet
  • Tunnel Bet
  • High/Low

How to Set Upwardly a Merchandise

The ability to merchandise the different types of binary options can exist achieved by understanding certain concepts such equally strike price or price barrier, settlement, and expiration engagement. All trades accept dates at which they expire.

When the trade expires, the behaviour of the cost activity according to the blazon selected volition determine if information technology’s in profit (in the money) or in a loss position (out-of-the-coin).

In addition, the price targets are key levels that the trader sets every bit benchmarks to determine outcomes. Nosotros will encounter the application of cost targets when nosotros 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 on

Let united states of america take them ane after the other.


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

Delight note: some brokers classify Up/Downwards as a dissimilar types, where a trader purchases a call option if he expects the price to ascension beyond the current price, or purchases a put selection if he expects the price to fall below current prices. You may see this equally a
Rise/Fall blazon on some trading platforms.


The In/Out blazon, too called the “tunnel trade” or the “boundary merchandise”, is used to trade price consolidations (“in”) and breakouts (“out”). How does information technology work? Kickoff, the trader sets ii price targets to form a price range. He so purchases an selection to predict if the toll will stay inside the cost range/tunnel until expiration (In) or if the cost will breakout of the cost range in either direction (Out).

The all-time way to use the tunnel binaries is to use the pivot points of the nugget. If you are familiar with pivot points in forex, then you should be able to merchandise this type.

Bear upon/No Touch

This type is predicated on the cost action touching a toll bulwark or not. A “Touch” option is a type where the trader purchases a contract that will deliver profit if the marketplace price of the asset purchased touches the prepare target price at least one time earlier expiry.

If the price action does not touch the cost target (the strike toll) earlier expiry, the trade will end up as a loss.

A “No Bear on” is the verbal reverse of the Touch. Hither you are betting on the price activity of the underlying nugget not touching the strike price earlier the expiration.

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At that place are variations of this blazon where we have the Double Touch on and Double No Touch. Hither the trader tin can ready two price targets and purchase a contract that bets on the price touching both targets earlier expiration (Double Touch) or non touching both targets before expiration (Double No Touch on).

Ordinarily you would but employ the Double Touch merchandise 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 2, and in that location are those that offer only 1 variety. In addition, some brokers besides put restrictions on how expiration dates are set.

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

Mobile Apps

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

So the mobile version will exist very similar, if not the same, every bit 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 contain more than detail about each brokers mobile app, but most are fully aware that this is a growing area of trading.

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

Trading FAQ

What Does Binary Options Mean?

“Binary options” means, put very but, a trade where the outcome is a ‘binary’ Yes/No respond. These options pay a fixed corporeality if they win (known every bit “in the money”), but the unabridged investment is lost, if the binary merchandise loses. And so, in curt, they are a form of fixed return financial options.

How Does a Stock Trade Work?

Steps to trade a stock via a binary option;

  1. Select the stock or equity.
  2. Identify the desired expiry fourth dimension (The fourth dimension the option will end).
  3. Enter the size of the trade or investment
  4. Decide if the value will rise or fall and place a put or call

The steps above volition be the aforementioned at every single broker. More layers of complexity can be added, merely when trading equities the unproblematic Up/Down trade blazon remains the well-nigh popular.

Put and Phone call Options

Telephone call and Put are simply the terms given to buying or selling an pick. If a trader thinks the underlying price will get up in value, they tin can open a call. Simply where they await the price to get down, they can identify a put trade.

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

Almost every trading platform will make it absolutely clear which management a trader is opening an pick in.

Are Binary Options a Scam?

As 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 epitome of these fiscal instruments has suffered as a result of these operators, only regulators are slowly starting to prosecute and fine the offenders and the industry is being cleaned upwardly. Our forum is a great place to heighten sensation of any wrongdoing.

These simple checks can assist anyone avoid the scams:

  • Marketing promising huge returns. This is articulate warning sign. Binaries are a high risk / loftier reward tool – they are not a “make coin online” scheme and should not exist sold every bit such. Operators making such claims are very likely to be untrustworthy.
  • Know the banker. Some operators will ‘funnel’ new customer to a broker they partner with, so the person has no idea who their account is with. A trader should know the broker they are going to merchandise with! These funnels often fall into the “get rich quick” marketing discussed earlier.
  • Cold Calls. Professional brokers will not brand cold calls – they do not market themselves in that way. Common cold calls volition often be from unregulated brokers interested only in getting an initial eolith. Go along extremely carefully if joining a company that got in contact this manner. This would include email contact too – any form of contact out of the blue.
  • Terms and Conditions. When taking a bonus or offering, read the total terms and conditions. Some will include locking in an initial deposit (in addition to the bonus funds) until a high volume of trades have been made. The offset deposit is the trader’s cash – legitimate brokers would not merits it as theirs before whatever trading. Some brokers also offering the option of cancelling a bonus if it does not fit the needs of the trader.
  • Do non let anyone merchandise for you. Avoid allowing any “account managing director” to merchandise for y’all. At that place is a clear conflict of involvement, but these employees of the broker will encourage traders to make large deposits, and take greater risks . Traders should non permit anyone trade 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 can experiment with. Technical analysis is of use to some traders, combined with charts, indicators and toll activity research.

Coin management is essential to ensure risk management is practical to all trading. Dissimilar styles will suit different traders and strategies will as well evolve and change.

In that location is no single “all-time” strategy. Traders demand to ask questions of their investing aims and run a risk appetite and then acquire 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 curt term investment is going to win or lose based but on luck. Conversely, a trader making a well researched trade will ensure they have done all they tin can to avert relying on good fortune.

Binary options can be used to risk, simply they tin too be used to make trades based on value and expected profits. So the reply to the question volition come downward to the trader.

Advantages of Binary Trading

The main benefit of binaries is the clarity of risk and reward and the construction of the merchandise.

Managing Financial Risk

If you have traded forex or its more volatile cousins, crude oil or spot metals such equally golden or silver, yous will have probably learnt one matter: these markets carry a lot of risk and it is very easy to be diddled off the market.

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

In that location is no leverage to contend with, and phenomena such as slippage and toll re-quotes have no upshot on binary option trade outcomes.

Tax implications may also be benign, 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 merchandise these markets, a one-stop shop to trade all these instruments.


A binary trade outcome is based on merely one parameter: direction. The trader is essentially betting on whether a financial asset will stop upwards in a particular direction.

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

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

Otherwise, a trader has to endure a drawdown if a merchandise takes an adverse plow in order to requite it room to turn profitable. The simple betoken being fabricated here is that in binary options, the trader has less to worry about than if he were to merchandise other markets.

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Greater Command Of Trades

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

This is non the instance with other markets. For example, when a trader sets a pending lodge in the forex marketplace to trade a loftier-impact news event, there is no assurance that his trade volition be filled at the entry price or that a losing merchandise will be closed out at the exit terminate loss.

College Payouts

The payouts per merchandise are usually college in binaries than with other forms of trading. Some brokers offering payouts of upwards to fourscore% 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 big amount of trading upper-case letter 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 coin every bit trading capital. For example, trading gold, a commodity with an intra-solar day volatility of up to 10,000 pips in times of high volatility, requires trading capital in tens of thousands of dollars.

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

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 it is true that some trades offering every bit much as 85% payouts per trade, such loftier payouts are possible only when a trade is fabricated with the expiry appointment set at some distance away from the date of the trade.

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

Lack Of Skilful Trading Tools

Some brokers do non offering truly helpful trading tools such as charts and features for technical assay 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 every bit 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 Risk Management

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

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

Withal, you will be difficult put finding many binary brokers that volition allow y’all to trade below $50, even with a $200 account. In this situation, four losing trades will blow the account.

Price Of Losing Trades

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

Merchandise Corrections

When trading a market like the forex or commodities marketplace, it is possible to shut a merchandise with minimal losses and open another profitable ane, if a repeat analysis of the merchandise reveals the start 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 unlike alternatives, traded with two different psychologies, just both tin can make sense every bit investment tools. 1 is more than TIME centric and the other is more than PRICE centric. They both work in time/price just the focus you lot will detect 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 big mistake. The successful binary trader has a more balanced view of time/price, which merely makes him a more well rounded trader.

Binaries by their nature force one to exit a position inside a given time frame win or lose which instills a greater focus on subject and take a chance management.

In forex trading this lack of discipline is the #1 cause for failure to most traders every bit they will simply agree losing positions for longer periods of time and cut winning positions in shorter periods of time.

In binary options that is non possible as fourth dimension expires your trade ends win or lose. Below are some examples of how this works.

Above is a trade made on the EUR/USD buying in an under 10 minute window of cost and time. Every bit a binary trader this focus will naturally make you better than the below instance, where a spot forex trader who focuses on toll while ignoring the time element ends upwardly in trouble. This psychology of being able to focus on limits and the dual axis will aid yous 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 cost.

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

The dispatch in time to the opposite desired direction causes most spot traders to exist trapped in unfavourable positions, all because they do non plan time into their reasoning, and this leads to a consummate lack of trading discipline.

The nature of binary options force one to have a more complete mindset of trading off both Y = Toll Range and X = Time Range as limits are practical. They will simply make you a ameliorate overall trader from the start.

Conversely on the flip side, they by their nature require a greater win charge per unit every bit each bet means aseventy-ninety% proceeds
vs a100% loss. And 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 but equally bad as holding/adding to losing positions as a spot forex trader. To successfully trade you demand to practice money management and emotional control.

In conclusion, when starting out as a trader, binaries might offering a better foundation to larn trading. The unproblematic reasoning is that the focus on TIME/PRICE combined is like looking both ways when crossing the street.

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

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

References And Further Reading

  1. A Study of Optimal Stock and Options Strategies (Dash, Mihir and 5., Kavitha and K.M., Deepa and Due south., 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’due south 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: 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. Pick Trading and Individual Investor Performance (R Bauer, Grand Cosemans, P Eichholtz – Journal of banking & finance, Vol three Consequence four, 2009)
  9. Binary Pick Pricing Using Fuzzy Numbers (A Thavaneswaran, Southward.S Appadoo, J Frank – Applied Mathematics Letters, Vol 26, Issue 1, 2013)

Source: https://www.binaryoptions.net/