{"product_id":"binary-options-isbn-9781118407240","title":"Binary Options","description":"\u003cb\u003eThe first comprehensive guide to trading a unique class of options to manage risk and make smarter bets during volatile trading\u003c\/b\u003e  \u003cp\u003eProviding savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and reward. Available on four asset classes—stock index futures, commodity futures, Spot Forex and economic data releases—they are distinctly different from regular put\/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100. The first guide focussing exclusively on this fast-growing sector of the options market, \u003ci\u003eTrading Binary Options\u003c\/i\u003e examines the key differences between regular options trading and binary options trading and describes how binary trading is done. It also gives you the lowdown on the most successful binary trading strategies and how and when they should be deployed.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOutlines a rigorous approach to trading directionally around specific events, such as an earnings release, a shift in currencies, or a release of economic data\u003c\/li\u003e \u003cli\u003eProvides the first comprehensive coverage of an increasingly popular but poorly understood trading instrument\u003c\/li\u003e \u003cli\u003eOffers in-depth discussions of the six characteristics that distinguish binaries from other options and that make them such an attractive vehicle for hedging risk and improving returns\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Introduction to Binary Options 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 What are Binary Options? 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn What Asset Classes Are Binary Options Available? 3\u003c\/p\u003e \u003cp\u003eBinary Options vs. CBOE (Vanilla) Put\/Call Options 10\u003c\/p\u003e \u003cp\u003eAdvantages\/Disadvantages of Binary Options 13\u003c\/p\u003e \u003cp\u003eReasons to Trade Binary Options 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Binary Options theory 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 What Does Binary Mean? 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComponents to a Binary Option 20\u003c\/p\u003e \u003cp\u003eLong Trading 22\u003c\/p\u003e \u003cp\u003eShort Trading 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Pricing 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStrike Price 29\u003c\/p\u003e \u003cp\u003eTime Value 30\u003c\/p\u003e \u003cp\u003ePrice as a Natural Market Consensus 32\u003c\/p\u003e \u003cp\u003eReading a Binary Option Chain 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Trading Binary Options 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Binary Options Contract Collateral 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMargin and Debit Risk of Vanilla Options and Futures 43\u003c\/p\u003e \u003cp\u003eCollateral Explained 44\u003c\/p\u003e \u003cp\u003eBinary Options Expiration Values 44\u003c\/p\u003e \u003cp\u003eCollateralizing a Long Trade 45\u003c\/p\u003e \u003cp\u003eCollateralizing a Short Binary Options Trade 50\u003c\/p\u003e \u003cp\u003eThe Mechanics of a Binary Options Short Trade 50\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Settlement 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSettlement on Binary Option Long Trades 59\u003c\/p\u003e \u003cp\u003eCommissions and Fees 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Entering and Exiting Binary Option Trades 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReading Quotes 75\u003c\/p\u003e \u003cp\u003eReading an Order Ticket 76\u003c\/p\u003e \u003cp\u003eExiting Trades 78\u003c\/p\u003e \u003cp\u003eExiting Your Trade before Expiration 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Keys to Trading Binary Options and More Examples 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGold Binary Examples 96\u003c\/p\u003e \u003cp\u003eCopper Binary Examples 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Binary Options Trading Strategies 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Volatility Trading Explained 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking a Volatility Long Position (Buying Volatility) 108\u003c\/p\u003e \u003cp\u003eRegulating Success Probability and Payout with Strike Prices 111\u003c\/p\u003e \u003cp\u003eTaking a Volatility Short Position (Selling Volatility) 113\u003c\/p\u003e \u003cp\u003eRegulating Range and Payout with Strike Prices 116\u003c\/p\u003e \u003cp\u003eMax Loss, Collateral, and Max Profit Summary Table 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Binary Option Behavior as Expiration Approaches 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding Delta 123\u003c\/p\u003e \u003cp\u003eDelta and Price 127\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Technical Trading Strategies with Binary Options 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSupport and Resistance 130\u003c\/p\u003e \u003cp\u003eBreakout Trading 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Fundamental Trading Strategies with Binary Options 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNews Releases 139\u003c\/p\u003e \u003cp\u003ePolitical Events 144\u003c\/p\u003e \u003cp\u003eSpeculating on Actual News Releases 147\u003c\/p\u003e \u003cp\u003eEconomic Data Releases that You Can Speculate On 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Creating Your Binary Options Strategy 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Systems with Binary Options 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinding Your Edge 155\u003c\/p\u003e \u003cp\u003eProper Trading System Development 156\u003c\/p\u003e \u003cp\u003eBack-Testing Binary Options Strategies 158\u003c\/p\u003e \u003cp\u003eThree Back-Testing Rules 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Negative Emotions 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGreed and Fear 166\u003c\/p\u003e \u003cp\u003eHow to Handle Negative Emotions 166\u003c\/p\u003e \u003cp\u003eFind the Right System for You 168\u003c\/p\u003e \u003cp\u003ePractical Steps to Mitigate the Negative Emotions 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Risk Management 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Process 184\u003c\/p\u003e \u003cp\u003eDetermining Position Size 185\u003c\/p\u003e \u003cp\u003eRisk Management on Option Spreads 190\u003c\/p\u003e \u003cp\u003eRelationship between Position Size and Trading Psychology 199\u003c\/p\u003e \u003cp\u003eHandling Unexpected Market Volatility 199\u003c\/p\u003e \u003cp\u003eBenefits of Binary Options on Trading Psychology 202\u003c\/p\u003e \u003cp\u003eDiscipline of Expiration 206\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI Managing Your Binary Options Account 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Proactive System Improvement 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSystem Cutoffs 212\u003c\/p\u003e \u003cp\u003eDrawdown 212\u003c\/p\u003e \u003cp\u003eConsecutive Losing Trades 215\u003c\/p\u003e \u003cp\u003eReinvestment Rate 216\u003c\/p\u003e \u003cp\u003eDiversification and Account Distribution 220\u003c\/p\u003e \u003cp\u003eIntersystem Diversification 220\u003c\/p\u003e \u003cp\u003eAccount Breakdown 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII Profiting with Volatility 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 The Volatility Short Trading Rules 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePremium Collection 226\u003c\/p\u003e \u003cp\u003eRule 1: Cut Off Your Losing Trades 231\u003c\/p\u003e \u003cp\u003eRule 2: Collect Enough Premium 234\u003c\/p\u003e \u003cp\u003eRule 3: Sell Far Enough Away from Market Price 240\u003c\/p\u003e \u003cp\u003eRule 4: Use Underlying Instruments that Revert to the Mean 242\u003c\/p\u003e \u003cp\u003eRule 5: Sell Options with Proper Duration until Expiration 244\u003c\/p\u003e \u003cp\u003eRule 6: Perform Additional Analysis in Order to Get a Feel for Market Direction 246\u003c\/p\u003e \u003cp\u003eRule 7: Attempt to Make Your Market 255\u003c\/p\u003e \u003cp\u003eConclusion 256\u003c\/p\u003e \u003cp\u003eGlossary 259\u003c\/p\u003e \u003cp\u003eIndex 263\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eALEX NEKRITIN\u003c\/b\u003e is CEO and President of TradersChoiceFX, TradersChoiceOptions, and TCForex, one of the largest introductory brokers in the world. Mr. Nekritin has been trading in equities, options, futures, and Forex very successfully for more than a decade. He holds a degree in finance with a concentration in derivative instruments from Babson College in Wellesley, Massachusetts. Alex's work has been featured online at FXStreet.com and TradingMarkets.com.   \u003c\/p\u003e\u003cp\u003eProviding savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and??reward. While they have long been used as a powerful hedging instrument by professional traders, binary options are now available to retail investors. Available in four asset classes—stock index futures, commodity futures, spot Forex, and economic data releases—binary options are distinctly different from regular put\/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100.??  \u003c\/p\u003e\u003cp\u003eThe first book focusing exclusively on this burgeoning sector of the options market, \u003ci\u003eBinary Options\u003c\/i\u003e is a complete, how-to guide to trading??this unique instrument to hedge risk, make smarter bets during volatile trading periods, and for improving overall returns.  \u003c\/p\u003e\u003cp\u003eWriting for experienced options traders, as well as novices—and everyone in between—binary trading expert, Alex Nekitrin:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExplores the theory behind binary options as a speculative instrument\u003c\/li\u003e \u003cli\u003eDiscusses, in-depth, the six characteristics that distinguish binaries from other options and that make them such an attractive vehicle for hedging risk and improving returns\u003c\/li\u003e \u003cli\u003eClearly explains how binary options work and the mechanics of how to trade them\u003c\/li\u003e \u003cli\u003eShows how to read price quotes and options tickets and how to enter and exit positions\u003c\/li\u003e \u003cli\u003eDescribes the markets in which binary options are available and the costs of placing trades\u003c\/li\u003e \u003cli\u003eDetails proven binary trading strategies and how and when they should be deployed\u003c\/li\u003e \u003cli\u003eOutlines a rigorous approach to trading directionally around specific events, such as an earnings release, a shift in currencies, or a release of??economic data\u003c\/li\u003e \u003cli\u003eSupplies dozens of examples to clarify each concept covered along with skill-building exercises\u003c\/li\u003e \u003cli\u003eProvides numerous quizzes that allow you to test your comprehension, each step of the way\u003c\/li\u003e \u003cli\u003eIncludes a demo trading account on which to practice and hone your binary trading skills\u003c\/li\u003e \u003cli\u003eSupplies novice options traders with a glossary of all relevant trading-related terms\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eProviding the first comprehensive coverage of an increasingly popular, but poorly understood, trading instrument, \u003ci\u003eBinary Options\u003c\/i\u003e is a valuable working resource for traders and investors looking for a safe, relatively inexpensive instrument which, when used correctly, can significantly improve your ability to manage risk and net you substantial returns in every market climate.\t   \u003c\/p\u003e\u003cp\u003eProviding savvy market players with a way to react quickly to event-driven opportunities and trends, exchange traded binary options are a unique type of derivative instrument offering fixed risk and reward. While they have long been used as a powerful hedging instrument by professional traders, binary options are now available to retail investors. Available in four asset classes—stock index futures, commodity futures, spot Forex, and economic data releases—binary options are distinctly different from regular put\/call options in that their pay-out structure offers only two potential outcomes, or settlement values: 0 or 100.  \u003c\/p\u003e\u003cp\u003eThe first book focusing exclusively on this burgeoning sector of the options market, \u003ci\u003eBinary Options\u003c\/i\u003e is a complete, how-to guide to trading this unique instrument to hedge risk, make smarter bets during volatile trading periods, and for improving overall returns.  \u003c\/p\u003e\u003cp\u003eWriting for experienced options traders, as well as novices—and everyone in between—binary trading expert, Alex Nekitrin: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExplores the theory behind binary options as a speculative instrument\u003c\/li\u003e \u003cli\u003eDiscusses, in-depth, the six characteristics that distinguish binaries from other options and that make them such an attractive vehicle for hedging risk and improving returns\u003c\/li\u003e \u003cli\u003eClearly explains how binary options work and the mechanics of how to trade them\u003c\/li\u003e \u003cli\u003eShows how to read price quotes and options tickets and how to enter and exit positions\u003c\/li\u003e \u003cli\u003eDescribes the markets in which binary options are available and the costs of placing trades\u003c\/li\u003e \u003cli\u003eDetails proven binary trading strategies and how and when they should be deployed\u003c\/li\u003e \u003cli\u003eOutlines a rigorous approach to trading directionally around specific events, such as an earnings release, a shift in currencies, or a release of economic data\u003c\/li\u003e \u003cli\u003eSupplies dozens of examples to clarify each concept covered along with skill-building exercises\u003c\/li\u003e \u003cli\u003eProvides numerous quizzes that allow you to test your comprehension, each step of the way\u003c\/li\u003e \u003cli\u003eIncludes a demo trading account on which to practice and hone your binary trading skills\u003c\/li\u003e \u003cli\u003eSupplies novice options traders with a glossary of all relevant trading-related terms\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eProviding the first comprehensive coverage of an increasingly popular, but poorly understood, trading instrument, \u003ci\u003eBinary Options\u003c\/i\u003e is a valuable working resource for traders and investors looking for a safe, relatively inexpensive instrument which, when used correctly, can significantly improve your ability to manage risk and net you substantial returns in every market climate.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988811956453,"sku":"NP9781118407240","price":85.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118407240.jpg?v=1761781686","url":"https:\/\/k12savings.com\/es\/products\/binary-options-isbn-9781118407240","provider":"K12savings","version":"1.0","type":"link"}