Binary Trading: Profitable Strategies for Binary Betting

by John Piper

Overview

Over the last few years, the world of betting has changed dramatically thanks to the convergence of betting on sporting events and the trading of financial markets. A new type of betting has emerged which has become the fastest growing area of betting today - binary bets.
John Piper's 'Binary Betting' is the definitive guide to getting started with binary betting. Now he has written a second book for more experienced traders that takes binary betting to a new level.
'Binary Trading' assumes that you already know the basics and will show you in detail how and why:
- you need never use a stop again
- you can get the market totally wrong and still make money
- you can look forward to news items and trade them with impunity
Whatever your current trading strategy, you should consider how binaries could fit into your trading plan and make you money. This detailed and comprehensive book from an experienced trader will tell you just that whilst giving an inside look at the exciting world of binary bets.

Product Details

ISBN-13:	9781905641710
Publisher:	Harriman House Publishing
Publication date:	01/01/2009
Pages:	258
Product dimensions:	6.10(w) x 9.10(h) x 0.90(d)

About the Author

John Piper has been involved with markets since his early twenties. In the late 1980s he started to trade options full time and did so right through the Crash of 1987 - an experience that stands him in good stead for markets today.
For over a decade he has been the editor of The Technical Trader, the leading newsletter in the UK for those who trade futures and options markets worldwide. His articles bring a fine edge of analysis to markets and how they work.
He trades full time, making consistent profits, and now manages money for selected clients at Berkeley Futures Ltd. He lives in the Surrey hills but frequently trades from more exotic locations.

Table of Contents

Biography vii

Preface ix

Introduction xiii

Part I Essentials

1 A Day in the Life of a FTSE Binaries Trader 3

2 Trading Strategies 15

3 The Key Bets 29

Part II Strategies

4 Shorting FTSE with BetOnMarkets.com 49

5 Trading the News with Binaries 61

6 Trading the Waves with Binaries 73

7 Trading the Spikes 91

8 Trading Failures, the Mind of the Market and Trendlines 101

Part III You and Your System

9 How many Brains do you Think you Have? 117

10 Statistics and Probability 129

11 Developing a Trading System 145

12 System Testing 169

13 The Psychology of Trading the Binaries 181

14 Binary Betting Rules 191

15 The Beginning 201

Appendices

I Directory of Binary Betting Companies 207

II Futures, Options and Binary Bets 211

III Answers to Exercises 215

IV The 5 Point Trading System 219

V Stops and Limits 225

VI Market Profile and Minus Development 231

VII Lunch Time Trader and JPT 245

Index 249