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is binary options trading a good idea

Welcome to the largest expert guide to binary options and binary trading online. BinaryOptions.net 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. Nosotros take close to a one thousand articles and reviews to guide y'all to exist 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, nosotros also have the globe'southward largest forum with over twenty 000 members and lots of daily activity. Read on to get started trading today!

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What is a Binary Option and How Do You Brand Money?

A binary choice is a fast and extremely simple fiscal instrument which allows investors to speculate on whether the price of an asset will go up or downwardly in the future, for case the stock price of Google, the price of Bitcoin, the USD/GBP substitution rate, or the cost of aureate. The time span can be as little as 60 seconds, making information technology possible to trade hundreds of times per day across any global market.

Before y'all place a trade y'all know exactly how much you stand up to proceeds if your prediction is correct, usually seventy-95% – if you invest $100 you volition receive a credit of $170 – $195 on a successful trade. This makes risk management and trading decisions much more uncomplicated. The result is always a Yep or No reply – y'all either win it all or you lose information technology all – hence it being a "binary" selection. The risk and reward is known in accelerate and this structured payoff is one of the attractions.

Substitution traded binaries are also now available, meaning traders are not trading against the broker.

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

If you are completely new to binary options you tin open a demo account with most brokers, to try out their platform and see what it's like to trade earlier you deposit real money.

Example of a binary options trade

Introduction Video – How to Merchandise Binary Options

These videos volition introduce you to the concept of binary options and how trading works. If you want to know even more details, please read this whole page and follow the links to all the more in-depth manufactures. Binary trading does not have to be complicated, but equally with any topic yous can educate yourself to exist an proficient and perfect your skills.

Choice Types

The most common type of binary option is the simple "Up/Down" trade. There are even so, dissimilar types of selection. The one common factor, is that the event volition accept a "binary" outcome (Aye or No). Here are some of the types available:

  • Upward/Down or Loftier/Low – The basic and virtually common binary choice. Will a cost finish higher or lower than the electric current toll a the time of expiry.
  • In/Out, Range or Boundary – This choice sets a "high" effigy and "depression" figure. Traders predict whether the price will finish within, or outside, of these levels (or 'boundaries').
  • Touch/No Affect – These have prepare levels, higher or lower than the electric current price. The trader has to predict whether the actual cost volition 'touch' those levels at any point between the time of the trade an expiry.
    Annotation with a touch option, that the merchandise can close earlier the expiry fourth dimension – if the price level is touched before the option expires, then the "Touch" option will payout immediately, regardless of whether the price moves away from the touch level afterward.
  • Ladder – These options carry like a normal Upwardly/Downwards trade, just rather than using the current strike price, the ladder will have preset price levels ('laddered' progressively up or downward).These tin oft be some way from the electric current strike toll.As these options generally need a significant toll move, payouts volition often get beyond 100% – just both sides of the merchandise may not exist available.

How to Trade – Step by Pace Guide

Beneath is a footstep past pace guide to placing a binary trade:

  1. Choose a broker – Use our broker reviews and comparing tools to observe the all-time binary trading sitefor you.
  2. Select the asset or market to trade – Assets lists are huge, and comprehend Commodities, Stocks, Cryptocurrency, Forex or Indices. The price of oil, or the Apple stock price, for example.
  3. Select the expiry time – Options can expire anywhere between 30 seconds upwards to a yr.
  4. Set the size of the trade – Call up 100% of the investment is at risk so consider the trade amount carefully.
  5. Click Call / Put or Purchase / Sell – Volition the asset value ascension or fall? Some banker characterization buttons differently.
  6. Check and ostend the trade – Many brokers give traders a chance to ensure the details are correct before confirming the merchandise.

Choose a Banker

Options fraud has been a significant problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative. These firms are thankfully disappearing every bit regulators have finally begun to human action, simply traders still need to look for regulated brokers.

Note! Don't E'er 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 help y'all determine which broker is right for you:

  • Compare all brokers – if yous desire to compare the features and offers of all recommended brokers.
  • Bonuses and Offers – if y'all want to make sure you get actress coin to trade with, or other promotions and offers.
  • Depression minimum deposit brokers – if you want to trade for real without having to eolith large sums of money.
  • Demo Accounts – if you lot want 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 y'all can trade varies from broker to banker. Virtually brokers provide options on popular avails such as major forex pairs including the EUR/USD, USD/JPY and GBP/USD, also equally major stock indices such as the FTSE, S&P 500 or Dow Jones Industrial. Commodities including gilt, silver, oil are also more often than not offered.

Individual stocks and equities are likewise tradable through many binary brokers. Not every stock will be available though, just more often than not you can choose from near 25 to 100 popular stocks, such equally Google and Apple. These lists are growing all the time as demand dictates.

The asset lists are ever listed clearly on every trading platform, and most brokers make their total asset lists available on their website. This information is also available within 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 most traded, only you tin can find brokers that list xx or more alt coins.

Expiry Times

The expiry fourth dimension is the betoken at which a merchandise is airtight and settled. The only exception is where a 'Touch' option has hit a preset level prior to expiry. The death for any given trade tin can range from 30 seconds, upward to a year.

While binaries initially started with very brusk expiries, demand has ensured at that place is now a wide range of death times available. Some brokers fifty-fifty give traders the flexibility to set 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 expiry beyond the end of the day would exist considered long term. The longest death might be 12 months.

Regulation

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 Authority (FCA) – UK regulator
  • Cyprus Securities and Exchange Commission (CySec) – Cyprus Regulator, oft 'passported' throughout the European union, under MiFID
  • Commodity Futures Trading Committee (CFTC) – The states regulator
  • Australian Securities and Investments Commission (ASIC)
  • Financial Manufacture Regulatory Dominance (FINRA)

There are also regulators operating in Malta, Nihon and the Island of Man. Many other authorities are now taking a keen a interest in binaries specifically, notably in Europe where domestic regulators are cracking to bolster the CySec regulation.

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

ESMA

Recently, ESMA (European Securities and Markets Authorization) moved to ban the sale and marketing of binary options in the EU. The ban however, but applies to brokers regulated in the EU. This leaves traders two choices to keep trading: Firstly, they tin can merchandise with an unregulated firm – this is extremely high take chances and not advisable. Some unregulated firms are responsible and honest, but many are not.

The second selection is to utilize a house regulated by bodies outside of the European union. ASIC in Australia are a stiff regulator – but they will not exist implementing a ban. This means ASIC regulated firms can all the same have European union traders. See our broker lists for regulated or trusted brokers in your region.

There is also a 3rd option. Traders who register as 'professional' are exempt from the new ban. The ban is only designed to protect 'retail' investors. A professional trader can continue trading at EU regulated brokers such as IQ Option. To be classed as professional person, an account holder must run into two of these three criteria:

  1. Open x or more trades per quarter, of €150 or more than.
  2. Accept avails of €500,000 or more
  3. Have worked for ii years in a fiscal house and have experience of financial products.

Strategies and Guides

Nosotros have a lot of detailed guides and strategy articles for both full general education and specialized trading techniques. Beneath are a few to go yous started if yous want to learn the basic before you outset trading. From Martingale to Rainbow, yous tin find plenty more 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 After Hours Trading Strategy
  • The Simple Balanced System
  • Trader Beware! Is That A Tool Or A Strategy?
  • Introduction to trends and timeframes
  • Trend analysis for curt term traders
  • Three Tools All Traders Should Know
  • How To Trade 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'due south Aren't Worth Your Time

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

Beginners Guides

If you are totally new to the trading scene then lookout this nifty video by Professor Shiller of Yale University who introduces the principal ideas of options:

Teaching for beginners:

  • Lesson 1: Best Time to Trade
  • Lesson 2: Tools for Trading
  • Lesson 3: Trading Breakouts using Pivot Points
  • Lesson 4: How to Employ the Fibonacci Tool
  • Lesson v: Take a chance Management
  • Lesson 6: Variable Binary Options
  • Lesson 7: How to Postpone Expiration Times
  • Lesson 8: When Not to Trade
  • Lesson nine: Going Mobile
  • Lesson 10: Using the FX Helpers Organization
  • Lesson 11: Using the FX Turbo Marksman Indicator
  • Lesson 12: Analysing a Trade

Types of Trades

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

How to Set Up a Trade

The ability to trade the different types of binary options can exist achieved past understanding sure concepts such as strike cost or toll barrier, settlement, and expiration date. All trades accept dates at which they expire.

When the trade expires, the behaviour of the price action according to the type selected volition decide if it'southward in profit (in the money) or in a loss position (out-of-the-money). In addition, the toll targets are cardinal levels that the trader sets every bit benchmarks to make up one's mind outcomes. We volition see the awarding of price targets when we explain the different types.

In that location are iii types of trades. Each of these has unlike variations. These are:

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

Let us take them one after the other.

High/Low

Too chosen the Up/Downwards binary merchandise, the essence is to predict if the market price of the asset volition end up higher or lower than the strike cost (the selected target price) before the expiration. If the trader expects the cost to go up (the "Up" or "High" trade), he purchases a call option. If he expects the price to head downwards ("Low" or "Down"), he purchases a put option. Decease times tin can be every bit low every bit 5 minutes.

Please notation: some brokers classify Upward/Down equally a different types, where a trader purchases a call option if he expects the price to rise beyond the current price, or purchases a put option if he expects the price to autumn below electric current prices. You lot may come across this every bit a Rising/Fall type on some trading platforms.

In/Out

The In/Out type, also chosen the "tunnel trade" or the "boundary merchandise", is used to trade cost consolidations ("in") and breakouts ("out"). How does it work? Get-go, the trader sets ii price targets to class a price range. He then purchases an option to predict if the cost will stay within the price range/tunnel until expiration (In) or if the toll will breakout of the price range in either direction (Out).

The best way to use the tunnel binaries is to employ the pin points of the asset. If y'all are familiar with pivot points in forex, then you should be able to trade this blazon.

Bear on/No Touch

This type is predicated on the toll activity touching a toll barrier or non. A "Touch" selection is a type where the trader purchases a contract that will evangelize turn a profit if the market price of the asset purchased touches the set target price at to the lowest degree once before decease. If the price action does non bear on the cost target (the strike price) before expiry, the merchandise volition end up as a loss.

A "No Bear upon" is the exact opposite of the Bear on. Hither you are betting on the cost activeness of the underlying nugget not touching the strike price before the expiration.

There are variations of this type where we have the Double Touch and Double No Touch on. Hither the trader can set ii price targets and buy a contract that bets on the price touching both targets before expiration (Double Impact) or not touching both targets before expiration (Double No Touch).

Normally yous would only apply the Double Bear on trade when at that place is intense market volatility and prices are expected to take out several price levels.

Some brokers offer all three types, while others offer two, and there are those that offer only one diversity. In addition, some brokers also put restrictions on how expiration dates are set. In club to get the all-time of the different types, traders are brash to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can exist gear up.

Mobile Apps

Trading via your mobile has been made very easy as all major brokers provide fully developed mobile trading apps. Nigh trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the aforementioned, as the full web version on the traditional websites.

Brokers volition 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 well-nigh each brokers mobile app, merely most are fully aware that this is a growing area of trading. Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are.

Example of a binary trading app (IQ Option)

Trading FAQ

What Does Binary Options Mean?

"Binary options" means, put very only, a merchandise where the outcome is a 'binary' Yes/No answer. These options pay a stock-still corporeality if they win (known every bit "in the money"), but the entire investment is lost, if the binary merchandise loses. And so, in short, they are a class of fixed return financial options.

How Does a Stock Trade Work?

Steps to merchandise a stock via a binary option;

  1. Select the stock or disinterestedness.
  2. Place the desired expiry fourth dimension (The time the pick will finish).
  3. Enter the size of the trade or investment
  4. Decide if the value volition ascension or fall and identify a put or call

The steps above will be the same at every single banker. More layers of complexity tin can be added, but when trading equities the simple Up/Down trade type remains the almost popular.

Put and Call Options

Call and Put are simply the terms given to buying or selling an pick. If a trader thinks the underlying price will go upward in value, they can open up a call. But where they expect the cost to become down, they can place a put merchandise.

Different trading platforms characterization their trading buttons different, some fifty-fifty switch between Buy/Sell and Call/Put. Others drop the phrases put and call birthday. Well-nigh every trading platform volition make it absolutely articulate which management a trader is opening an option in.

Are Binary Options a Scam?

Every bit a financial investment tool they in themselves non a scam, simply 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 scattering of dishonest brokers. The paradigm of these fiscal instruments has suffered equally a outcome of these operators, but regulators are slowly starting to prosecute and fine the offenders and the manufacture is being cleaned upwardly. Our forum is a great place to raise awareness of whatever wrongdoing.

These unproblematic checks can help anyone avert the scams:

  • Marketing promising huge returns. This is clear warning sign. Binaries are a high gamble / loftier 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 banker they partner with, so the person has no idea who their account 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 earlier.
  • Cold Calls. Professional person brokers volition not make cold calls – they do not market themselves in that mode. Cold calls will often be from unregulated brokers interested only in getting an initial deposit. Proceed extremely carefully if joining a visitor that got in contact this style. This would include e-mail contact as well – any course of contact out of the blue.
  • Terms and Weather condition. When taking a bonus or offer, read the full terms and conditions. Some volition include locking in an initial deposit (in addition to the bonus funds) until a high book of trades accept been made. The get-go deposit is the trader's cash – legitimate brokers would non merits it as theirs earlier any trading. Some brokers also offering the option of cancelling a bonus if it does not fit the needs of the trader.
  • Practice not permit anyone trade for you. Avert allowing whatever "account managing director" to merchandise for you. There is a clear conflict of interest, just these employees of the banker will encourage traders to brand large deposits, and have greater risks . Traders should not let anyone trade on their behalf.

Which Are The Best Trading Strategies?

Binary trading strategies are unique to each trade. Nosotros have a strategy section, and at that place are ideas that traders can experiment with. Technical analysis is of utilise to some traders, combined with charts, indicators and price action research. Money management is essential to ensure risk direction is applied to all trading. Different styles will suit different traders and strategies volition also evolve and change.

In that location is no unmarried "best" strategy. Traders demand to inquire questions of their investing aims and risk appetite and so larn what works for them.

Are Binary Options Gambling?

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

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

Advantages of Binary Trading

The main benefit of binaries is the clarity of risk and reward and the structure of the trade.

Minimal Fiscal Risk

If you have traded forex or its more volatile cousins, rough oil or spot metals such as gold or argent, yous will have probably learnt one thing: these markets carry a lot of gamble and it is very like shooting fish in a barrel to be diddled off the market.

Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively. The situation is different in binary options trading. At that place is no leverage to contend with, and phenomena such every bit slippage and toll re-quotes have no outcome on binary option merchandise outcomes.

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

Flexibility

The binary options market allows traders to merchandise fiscal instruments spread across the currency and commodity markets as well every bit indices and bonds. This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-stop shop to trade all these instruments.

Simplicity

A binary trade outcome is based on merely one parameter: direction. The trader is substantially betting on whether a fiscal asset will finish upwardly in a particular direction. In addition, 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 example, control of losses can just be achieved using a stop loss.

Otherwise, a trader has to endure a drawdown if a trade takes an agin turn in order to requite information technology room to plough assisting. The simple indicate being made here is that in binary options, the trader has less to worry about than if he were to trade other markets.

Greater Command of Trades

Traders have better control of trades in binaries. For case, if a trader wants to buy a contract, he knows in accelerate, what he stands to gain and what he will lose if the trade is out-of-the-money. This is not the example with other markets. For case, when a trader sets a pending society in the forex market place to trade a high-impact news event, there is no assurance that his merchandise volition exist filled at the entry price or that a losing trade will be closed out at the exit cease loss.

Higher Payouts

The payouts per trade are usually higher in binaries than with other forms of trading. Some brokers offer payouts of up to 80% on a trade. This is doable without jeopardising the account. In other markets, such payouts can just occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for i big payout (which never occurs in most cases).

Accessibility

In order to trade the highly volatile forex or commodities markets, a trader has to accept a reasonable amount of money every bit trading uppercase. For instance, trading aureate, a article with an intra-mean solar day volatility of upwardly to ten,000 pips in times of high volatility, requires trading uppercase in tens of thousands of dollars.

However, binary options has much lower entry requirements, as some brokers permit people to start trading with as depression equally $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 offer as much as 85% payouts per merchandise, such loftier payouts are possible simply when a trade is made with the expiry date gear up at some distance away from the engagement of the trade. Of course in such situations, the trades are more unpredictable.

Lack of Good Trading Tools

Some brokers do not offer truly helpful trading tools such as charts and features for technical analysis to their clients. Experienced traders can get around this past sourcing for these tools elsewhere; inexperienced traders who are new to the marketplace are not equally fortunate. This is changing for the ameliorate though, as operators mature and become aware of the demand for these tools to attract traders.

Limitations on Risk Management

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

This makes information technology 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 marketplace.

However, you will exist hard put finding many binary brokers that volition permit you to trade beneath $50, even with a $200 account. In this state of affairs, iv losing trades volition blow the account.

Cost of Losing Trades

Unlike in other markets where the gamble/advantage ratio can exist controlled and prepare to requite an edge to winning trades, the odds of binary options tilt the risk-reward ratio in favour of losing trades.

Trade Corrections

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

Spot Forex vs Binary Trading

These are ii different alternatives, traded with two different psychologies, merely both can make sense every bit investment tools. One is more TIME centric and the other is more PRICE centric. They both work in time/price only the focus y'all volition find from one to the other is an interesting split.

Spot forex traders might overlook fourth dimension equally a factor in their trading which is a very very big mistake. The successful binary trader has a more counterbalanced view of time/price, which simply makes him a more well rounded trader. Binaries past their nature force one to go out a position inside a given fourth dimension frame win or lose which instills a greater focus on discipline and run a risk management.

In forex trading this lack of discipline is the #one cause for failure to well-nigh traders every bit they will simply concur losing positions for longer periods of fourth dimension and cut winning positions in shorter periods of time. In binary options that is not possible every bit time expires your trade ends win or lose. Below are some examples of how this works.

forex binary options

Above is a trade made on the EUR/USD buying in an under 10 minute window of cost and time. As a binary trader this focus will naturally make you better than the below instance, where a spot forex trader who focuses on price while ignoring the time element ends up in problem. This psychology of being able to focus on limits and the dual centrality volition help you in becoming a better trader overall.

forex example chart

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 volition increase in value and the price does not increase yet accelerates to the downside, the normal tendency for well-nigh spot traders is to look information technology out or worse add to the losing positions as they effigy it volition come dorsum.

The acceleration in time to the opposite desired direction causes almost spot traders to be trapped in unfavourable positions, all because they do non plan fourth dimension into their reasoning, and this leads to a complete lack of trading discipline.

plot-formula.mpl

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

Conversely on the flip side, they past their nature require a greater win rate equally each bet ways aseventy-90% proceeds vs a100% loss. So your win rate needs to exist on boilerplate 54%-58% to intermission even. This imbalance causes many traders to overtrade or revenge merchandise which is just every bit bad as belongings/calculation to losing positions equally a spot forex trader. To successfully trade y'all need to practice money management and emotional control.

In conclusion, when starting out as a trader, binaries might offer a better foundation to larn trading. The uncomplicated reasoning is that the focus on TIME/PRICE combined is like looking both ways when crossing the street. The average spot forex trader just looks at price, which means he is only looking in one direction before crossing the street.Learning to merchandise taking both time and cost 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 G.1000., 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's 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 Firm Express, 2011)
  6. Binary Options: Strategies for Directional and Volatility Trading (Alex Nekritin – John Wiley & Sons, 2012)
  7. How to Merchandise Binary Options Successfully: A Complete Guide to Binary Options Trading (Meir Liraz – Liraz Publishing)
  8. Option Trading and Individual Investor Operation (R Bauer, Thou Cosemans, P Eichholtz – Journal of banking & finance, Vol 3 Result 4, 2009)
  9. Binary Option Pricing Using Fuzzy Numbers (A Thavaneswaran, S.South Appadoo, J Frank – Applied Mathematics Letters, Vol 26, Consequence 1, 2013)

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

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