And as for the interviewer himself, he does ask standardized questions, but they are relevant to what the average reader wants to know. What time frame do you use? What indicators?
How do you trade at home? What practices do you agree or disagree with?
What common mistakes do new traders make that blow you away? And so on. The interviewer keeps things fresh too by personalizing things for each subject, e. How do you manage money for other people, and what do they care about? What is it like when your savings disappear due to dishonest brokers? These are questions that I had never thought to ask, but am glad to know nonetheless. Overall, I would highly recommend this book. The only qualm I have with it is that it is slightly biased in favor of day traders and people with sophisticated knowledge of futures and currency trading.
That is a bit too advanced for the average person with a day job. I would suggest reading this book with Dr. You don't need a million books to succeed, only common sense advice on the key habits that keep you from destroying your account. Some of these interviews are really inspiring because they're really not "super traderes". They're for the most part, just regular folks who are successful at their trading. Though reading books about the super successful, like the classic Market Wizards, it's really helpful for me to hear what normal folks like myself are doing; how they do what they do and what they have to say.
One person found this helpful. Format: Kindle Edition Verified Purchase. As a full-time trader and, yes, a writer, I believe this book has been underestimated by those who rated it low. Sure, it does not have the major Market Wizards names, except for Linda Raschke; but nobody knew those folks either until that book came out. Besides, interviews of John Carter, Dr. Andrew Menaker and Michael Toma alone made the book worth the read, at least for me; and there is more.
In fact, I highlighted a host of quips on every interview inside the ebook for more reasons than one. Some had details of technical parameters. Others gave insight that I could relate. Still, others brought confirmations of price dynamics that I have been observing in the markets on a daily basis, especially their take on the effects of HFT high-speed trading.
I would have bought the book just for that insight alone. In that respect, the original "Market Wizards" book is out of date by comparison. This is a wonderful book. Amazon was offering the kindle edition for just few dollars I have not checked the current price! I would gladly pay ten times more for the book.
The Author interviews Technical Traders including a Psychologist who advises traders the best interview. Each chapter contains practical advice, These words come from people who actually trade, who have developed as professional traders. I lived the life of many traders as I went through the book, chapter by chapter. This is exactly the kind of experience traders should seek to obtain when they read a book. This is nothing more than a set of transcripts from trader interviews done by the author so if you already have his interview series on audio it is not worth it but I don't have them so it was a nice little read.
Unlike most books on trading Instead, I found it a 'breath of fresh air' From these examples Every trader and trading account is different, but this book was a great help in 'looking over the shoulders' of people who are already winning at the game. This one is aa keeper. Great insight into the approach successful traders take to the market. Bourquin does a great job of probing to find nuggets of wisdom from each trader to encourage and teach the reader.
As traders we all cope with the same problems and difficulties. Through interviews with successful traders this book points out that there are no magic answers. The statement "there is no holy grail, there is only hard work" appears in interviews of successful traders more times than I can remember. I found it surprising and interesting that many successful traders do extensive back testing, something that I have never been able to do, and while they gain confidence by following their rules, they are never completely comfortable in their trading.
It helped me a lot to realize what a thin line separates the successful from the rest, and that determination can make all the difference. See all 24 reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
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Amazon Advertising Find, attract, and engage customers. Amazon Drive Cloud storage from Amazon. These lists are growing all the time as demand dictates. The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists available on their website.
Full asset list information is also available within our reviews. The expiry time is the point at which a trade is closed and settled. The expiry for any given trade can range from 30 seconds, up to a year. While binaries initially started with very short expiries, demand has ensured there is now a broad range of expiry times available. Some brokers even give traders the flexibility to set their own specific expiry time.
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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:. There are also regulators operating in Malta and the Isle of Man. Many other authorities are now taking a keen a interest in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation. Unregulated brokers still operate, and while some are trustworthy, a lack of regulation is a clear warning sign for potential new customers.
The ban however, only applies to brokers regulated in the EU. This leaves traders two choices to keep trading: Firstly, they can trade with an unregulated firm — this is extremely high risk and not advisable. Some unregulated firms are responsible and honest, but many are not. The second choice is to use a firm regulated by bodies outside of the EU. ASIC in Australia are a strong regulator — but they will not be implementing a ban. See our broker lists for regulated or trusted brokers in your region.
There is also a third option. To be classed as professional, an account holder must meet two of these three criteria:. We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.
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From Martingale to Rainbow, you can find plenty more on the strategy page. For further reading on signals and reviews of different services go to the signals page. If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options:. In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes. We will see the application of price targets when we explain the different types. Expiry times can be as low as 5 minutes. How does it work? First, the trader sets two price targets to form a price range.
If you are familiar with pivot points in forex, then you should be able to trade this type.
This type is predicated on the price action touching a price barrier or not. If the price action does not touch the price target the strike price before expiry, the trade will end up as a loss. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration. Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration Double Touch or not touching both targets before expiration Double No Touch.
Normally you would only employ the Double Touch trade when there 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 variety. In addition, some brokers also put restrictions on how expiration dates are set. In order to get the best of the different 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.
Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full 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 as well.
Our reviews contain more 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, so brokers provide the tools for clients to trade wherever they are.
So, in short, they are a form of fixed return financial options. Call and Put are simply the terms given to buying or selling an option. 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. Our forum is a great place to raise awareness of any wrongdoing. Binary trading strategies are unique to each trade. Money management is essential to ensure risk management is applied to all trading.
Different styles will suit different traders and strategies will also evolve and change. Traders need to ask questions of their investing aims and risk appetite and then learn what works for them. Binary options can be used to gamble, but 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. If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: these markets carry a lot of risk and it is very easy to be blown 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. There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes. This reduces the risk in binary option trading to the barest minimum. The binary options market allows traders to trade 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 trade these markets, a one-stop shop to trade all these instruments. A binary trade outcome is based on just one parameter: direction.