Binary Options have been around for a while now but recently since have been a hit among the new traders. They were originally introduced as Digital Options and basically, binary means 2 values and in the case of finance mean up and down.
Since Binary Options are derivatives rely on underlying assets , the lessons outlined here may overlap with other series. Especially the case with Forex since that is the market that I focus my attention on because I find it easier to use Forex as the underlying asset for Binary Options Trading compared to other markets. Thus, the lessons here will give you the ability to trade Forex Binary Options. Internet marketers have destroyed the markets by flooding it with misleading information and products.
All of the lessons are taught from a neutral standpoint, what you do with the information is up to you. Simply click on the course code to watch the lessons, also please take note of the pre- and co-requisites. I hope the videos help you as you venture into the world of Binary Options. Some of the lessons were taken from my original How to Trade Binary Options series from Financial Trading Journal, so you might see some overlap in content. Explanation of what binary options are, how they work and where to Trade Binary Options, basically just a general overview for the industry.
In a nut shell, these are digital options trading the directionality of the underlying asset using fixed trade sizes set to expire within a fixed time frame.
BO — Recommended Charting Platforms. Just a short clip on which charting platforms to use for their respective instruments. I get this question all the time from my students, so here you go! BO — Break Even Ratio. This is probably the most common yet also misunderstood concept of Binary Options Trading. You need to know the break even ratio in order to know what percentage of trades you need to win to profit.
BO — Initial Newbie Strategy. BO — Chart Timeframes. Not sure what chart timeframes you should be looking at? This should explain the topic of picking the appropriate timeframe to look based on your expiry times.
BO — Pinbar Candle Sticks. Pinbar candle sticks have a small body with a long wick on one side, used primarily to spot reversal patterns. I go over some chart examples here from my newbie days. BO — Doji Candle Sticks. Doji candle sticks have a small body with a long wick on both sides, used primarily to spot new directional patterns.
I go over chart examples from my newbie days here as well, although not as many. BO — Engulfing Candle Sticks. Engulfing candle sticks come in pairs, where the current candle stick is bigger than the previous candle.
BO — Price Spreads. New traders are often concerned with the difference in price between charting platforms and brokers. BO — Money Management. Now that the basics of trading have been covered, we can start worrying about Money Management and the logistics behind every trade.
BO — Forex Pairs. Although there are 4 different types of assets that can be traded using Binary Options, I personally prefer Forex and students who watch my lessons usually follow suit as well. BO — News Trading Part 1. This lesson is placed in the series for a reason. I outline the reasons why things can go wrong before and after news release in this lesson. BO — Trading Hours.
Since Binary Options is a derivative instrument, you can only trade as well the underlying markets. BO — Trade Reactions. Speaking of which, it builds on content already presented in the psychology lessons of the GT series. Plus some of the lessons will elaborate on topics discussed within the series.
BO — Fibonacci Retracements. Focus is on showing various chart examples using the Fibonacci Retracement drawing tool. Trend Lines — BO Determination of Market Types.
Candle Stick Formations — BO Pattern Formations — BO Expiry Times — BO News Trading Part 2 — BO Hedging Strategies — Many more to come in the future! BO — Part 1: Introduction of the 1st out of 3 price action techniques. Brief overview of what Support and Resistance levels are used for and the basic set up for the chart examples in part 2 and 3.
BO — Part 2: Lesson is 70 minutes long. BO — Part 1. BO — Part 3: Intro to Trend Lines. Introduction of the 2nd out of 3 price action techniques. Brief overview of what Trend Lines are typically used for and the basic set up for the chart examples in part 2.
Using Trend Lines Warning: Lesson is 54 minutes long. Detailed explanation of how trending markets are traded using trend lines. Including how to connect the dots, probability trading, trade entries and angle of the trend lines. In addition, I outline the various stages of a trend: BO — Determination of Market Types. This lesson explains the 3rd and final price action technique. All parts of BO and BO BO — Pattern Formations. You MUST watch the prerequisite prior to watching this lesson.
I pause between slides to give you time to guess the pattern that is found within the chart. Thus, to fully utilize this lesson, you should have the proper prep prior to watching this.
I walk you through the steps that I use to set up my charts on a weekly basis for the FX Weekly Analysis found on my blog. BO — Expiry Times. Previous lessons have always assumed that you should trade the closest expiry time and avoid trades for the next expiry time while being locked out for the current expiry. BO — News Trading Part 2. News Trading Part 1. However unlike that lesson, this is placed in the series. For those of you who watched part 1 and immediately skipped to this lesson, at least watch the price action lessons first.
Hedging Strategies — Reducing Losses. This lesson continues on from topics covered in GT These strategies are primarily geared for people trading longer than 10 minute expiry times. I explain how shorter expiry traders will have a hard time hedging their trades. Like in GT, I walk through 3 scenarios where you can utilize hedging strategies. Hedging Strategies — Reducing Risk Exposure.
Unlike the or series, the Binary Options series will primarily focus on Binary Options Trading Strategies. BO — 60 Second Options Part 1: BO — 60 Second Options Part 2: This is a temporary placeholder lesson until I have time to make a full blown lesson with chart examples.
For the time being, the method alone should suffice. In a nutshell, just apply price action techniques on intra-minute charts. The series will contain advanced level topics, not suitable for the other series. But to an experienced trader, this could be that extra edge that you need.
Furthermore, the lessons contained here will require you to have mastered the lessons in the earlier series. Some lessons will be completely brand new but for the most part, you can think of these lessons as the culmination of the earlier lessons. Learn How to Trade Binary Options!More...