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Table of Contents
About the Author.......................................................................3

The Binary Institute....................................................................4

Chapter 1:
Introduction to Trading .............................................................5

Chapter 2:
Binary Options Trading Vs. Traditional Retail Trading..............11

Chapter 3:
Trading Times............................................................................16

Chapter 4:
Market Analysis.........................................................................21

Chapter 5:
Technical Analysis.....................................................................26

Chapter 6:
Fundamental Analysis............................................................ ..32

Chapter 7:
Trading on a Binary Options Platform..................................... ..37

The Binary Institute — Introductory Course in Binary Options Aedan Kelly

About the Author
Aedan Kelly is a professional day trader
with over six years of trading experience,
with three years of binary options trading
experience. Until 2014, Aedan worked full-
time as trainer in for an HR firm, specializing
in new employee education and integration.
Aedan brings his skills as a professional
trainer AND trader to the Binary Institute to
makes each lesson accessible to every type
of trader.

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The Binary Institute — Introductory Course in Binary Options Aedan Kelly

The Binary Institute
Welcome to the Binary Institute’s Introduction to Binary Options Trading E-book.
With this introductory guide, we will take you through all of the basics of binary
options trading that you must know in order to begin trading binary options on
your own. Once you’ve finished reading the next 47 pages, you too will be able to
start trading and profiting from binary options trades.

Over the next seven chapters, we will introduce you to the history of trading and
specifically trading binary options. We’ll explain the differences between binary
options trading and other trading formats. We’ll discuss the best times to trade,
the different ways we analyse price movements in the market, such as technical
and fundamental analysis, and we’ll even show you how to trade binary options
on a trading platform.

This E-book is designed specifically for traders with no previous trading experience,
but is equally useful for experienced traders who are looking to brush up on their
trading knowledge. Each chapter of this book will be dedicated to a single topic
that will teach you the basic information that you need to know before progressing
to the next chapter and new topic. Upon completion of this course, you will have
better understanding of the world of trading, specifically binary options.

You also can visit The Binary Institute website, where you can access our
various courses for more detailed information to guide you through trading.
Just visit www.the-binary-institute.com for more information.

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While we still use paper money and coins today. Over time. we have many other ways that we can pay. we see the constant progress in the way we pay for things. people began to dedicate themselves to a particular craft or career and needed a place where they could exchange and trade---a marketplace. man has always recognised the need to monitor and regulate the exchange of money. these lenders would charge a Money Leaders commission fee and begin to earn a profit on this exchange. we began to create coins and paper money that would be recognised in our region and could be used to purchase anything that we would need or want. Over time. Initially. however. there were money lenders who created the basic structure for the exchange of monies and determined the value of each currency against another. where people would exchange one particular good or service with another person for another good or service. we eventually shifted from trading strictly one good or service for another good or service out of necessity.000 years ago I may have wanted to buy your cow. Even in biblical times. people began to seek out other ways of payment in order to facilitate the purchase of things they needed—some kind of currency.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 1: Introduction to Trading If we look back at history. Even today. I might not have had anything of equivalent value to offer you that you may have wanted. whether they be credit or debit cards. 5 . Overtime. Now. For example. As people exchanged money. 5. this responsibility became a key function of banks. we can see that trading initially started as a form of bartering. Eventually. So. people began to use precious stones and metals that were of different values.

silver. really didn’t start to develop until the 18th century. or oranges. An index was a financial tool that was developed to measure the overall strength of a particular market. or the ownership of a portion of a company or organisation. there are traders who trade currencies or the exchange of those currencies. Over time. with the London Stock Exchange in 1773 and almost 20 years later the New York Stock Exchange. There are other traders who trade commodities. however. As the value of each of the stocks listed on the index would increase or decrease. These were the physical exchanges where brokers would facilitate the buying and selling of companies’ stocks and these two exchanges began to grow in size and power quickly after their inception. The index itself was a list of stocks in a particular country that were weighed to give an average of the strength of that market. the owner(s) of the company would either sell a portion of the ownership to others in order to ease any financial hardship that was required to operate the business. Some of the major indices that one hears about today are the Dow Jones. such as gold. more financial products became available to trade. the overall score of that index would move up or down as well. As economies grew over time. This obviously was beneficial to these “stock holders” as they would now also be able to earn a percentage of the profits that the company earned as well. The idea of stocks. Obviously. As organisations were formed. oil. The idea of a “stock exchange” was born and we could see these exchanges pop up as early as the 1500’s. the 6 . it has not only been currencies or precious metals or stones that have been traded. The major global stock exchanges.The Binary Institute — Introductory Course in Binary Options Aedan Kelly It is important to point out that the exchange of monies has always been extremely important and attractive to people around the world. presumably as far back as Roman times. which is the domain most commonly referred to as foreign exchange or FOREX. wheat. Stock trading has always been popular and is usually the form of trading that comes to mind when people think of trading. trading rapidly developed and in the last century and today you can trade almost anything imaginable. From here. however. has also been around for thousands of years. one of them being an INDEX. more and more people became interested in buying and selling stocks of companies and they too needed a marketplace to facilitate these transactions.

’s major index. He offers you a $5. he would purchase a PUT contract. Essentially.K. The holder is not required to buy or sell at the predetermined price. However. Other indices that are important are the FTSE 100.000.The Binary Institute — Introductory Course in Binary Options Aedan Kelly NASDAQ. he would purchase a CALL contract. Over time. Here is an example to help explain options contracts work. 1973 a new financial product became accessible to traders on the Chicago Board Options Exchange: The option. an options contract gives the holder the right to buy or sell an asset at a predetermined price within a certain period of time (or expiry period).000 contract and you agree to it. which can easily be traded from your home. options trading developed as most other forms of trading did and gave birth to binary options trading. the S&P 500. So. the Heng Seng (Hong Kong). the DAX (Germany).000 for a year in that investment. if an investor expects the price of an asset to rise from its current level over the next period of time. the CAC 40 (France). you speak with the seller of the land and he offers to sell you an options contract to purchase the land a year from now. For example. Let’s take a look at how traditional options contracts work. If the investor believes that the price will be lower than its current rate over the next period of time. Now.000 and you believe that in the next year the value will rise by another $30. Nikkei 224 (Japan). which are all American indices which have a different number of stocks listed on them. he or she does have the option to if he or she so wishes. Let’s say that you want to buy a piece of land that currently is worth $100. you don’t want to tie up $100. the U. however. There are two types of options contracts: PUTS (decreasing value) and CALLS (increasing value). 7 . and many many others.

He offers you a $5. But. A year from now.The Binary Institute — Introductory Course in Binary Options Aedan Kelly For example. However.000 for a year in that investment. you speak with the seller of the land and he offers to sell you an options contract to purchase the land a year from now. Options Profit Structure Example Cost of land: $100.000. So. A year later you are not obligated to exercise the purchase of the land and your loss is only $5. you don’t want to tie up $100. he would purchase a PUT contract.000 Total cost if purchased: $105. that it decreases in value to $80.000.000 Let’s say that you want to buy a piece of land that currently is worth $100. So.000 for the options contract. you are left with a $25. Here is an example to help explain options contracts work. you see that the land has increased in value to $130.000. let’s say for example that the instead of the land rising in value.000 and now you own the land. if an investor expects the price of an asset to rise from its current level over the next period of time.000 for the options contract and then the $100.000 for the land .000 and you believe that in the next year the value will rise by another $30. after you pay the $5.000 profit. if you think about it. he would purchase a CALL contract.000 contract and you agree to it.000 Cost of contract/Premium: $5. 8 . If the investor believes that the price will be lower than its current rate over the next period of time. so you decide to execute your right to purchase the land at the agreed price of $100.

Trading platforms and brokerages developed to the point where they could reach masses and facilitate the trading process.000 In the next chapter.000 Options contract premium $5. People now are capable of trading in a variety of ways. whether it is traditional stocks trading. forex trading. As late as the 1970’s traders would make exchanges exclusively through banks or brokerages who would negotiate the rates and would take a small commission on the exchange. and how we can trade them. but as we are focused on the history of trading. 9 . we’ll go into more detail about WHAT options are. and how they are different from other forms of trading. who would relay the order to a specialist on the floor of a stock exchange to execute the sale of the contract.000 Potential value at end of contract: $130. traders are capable of following the market price movements on their own and making their own decisions of when to trade. or binary options. This would all change eventually with the dawn of retail exchange trading. It’s important to mention that trading continues to develop to this day. In the past. a trader would contact a broker. millions of people have gained access to global currency markets today.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Options Profit Structure Current value of land and contract: $100. With the growing popularity of electronic trading platforms and the internet. The same goes for forex trading. specifically binary options.000 Potential profit at end of contract: $25. we’ll stick to talking about general trading.

Today. or binary options. and actively profit from the price movements from hundreds of assets. traders can open a trading account from home and can begin to actively trade in the markets---whether it is forex. In the next chapter.the way that people interact and exchange has certainly come a long way from exchanging one good or service for another. we’re going to dive more into the world of binary options and the major differences that exist between options trading and other forms of trading. So. as you can see…. 10 .The Binary Institute — Introductory Course in Binary Options Aedan Kelly Today. you can easily sit at home. study the markets. stocks.

Once we’ve bought the asset. 1-month or 1-year. whether it’s 1-hour. So. nearly everyone today has some sort of exposure to trading. Now. Whether you follow the markets closely or you’ve only heard about the markets on the radio on your commute to work. economic. You might be a person who reads the finance section of the newspaper every day to see how the markets are moving and have an University Trader understanding of the different social. what are binary options.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 2: Binary Options Trading Vs. let’s start with the standard retail trading formula. we decide when we will sell your asset and we then execute the sale. Perhaps you studied finance or economics in university and have some theoretical knowledge of how the markets work. we’re going to dive into the specific details that will give you everything that you need to know to be a successful trader. and what are the advantages of binary options trading. and political factors that affect price movement in the mark. We watch the 11 . we attempt to buy an asset at the lowest price possible and then attempt to sell the asset when it reaches the highest price. this chapter is going to be focused on what are the differences between traditional retailing trading and binary options trading. Whether it is stocks trading or forex trading. So. we have the right to hold on to it as long as we wish. 1-day. Traditional Retail Trading Now. Maybe you’ve actually traded traditional stocks or forex in the past and are aware of the different elements that affect the price movements in the market. in traditional trading. the idea is that we will buy an asset at a particular price. Essentially.

If a trader expects the price of an asset will rise to from its current level over the next period of time. he would purchase a 12 . we’re not actually participating in the buying or selling of the actual asset. Thats why we call it binary options. the idea is vastly different. Most importantly. we will then execute our sell order and the difference between the buying price and the selling price will be our profit. We now think that Apple will not increase in value anymore in the near future. For example. so we decide to sell our stock and we’ve profited $50.The Binary Institute — Introductory Course in Binary Options Aedan Kelly markets closely and once the price is at its highest level. The greater the difference between our buying and selling price means a bigger profit for us. because there are only two choices. or commodities trading. we are buying an contract that gives us the right to an asset for a certain amount of time at a specific price. we watch the markets over the next month and wait to see if Apple stock does increase in value. whether it be forex. First of all. Now. Let’s take a look to see how this works exactly. Whenever you buy a contract. In the world of binary options trading. this is how traditional retail trading works and how traders profit from the price movements in the market. stocks. This is the current market price for that asset and we as binary options traders need to decide whether the price is going to be HIGHER or LOWER than this price at the end of our trade. This might sound a bit confusing. let’s say that we’re interested in trading Apple stock. We take a look at the markets and we see that Apple stock is currently trading at $100. there are two types of options contracts that we can trade in binary options: PUT (decreasing price) and CALL (increasing price). either the price will go up OR a price will go down. In the most basic terms. We check the value and we see that Apple stock is now trading at $150. you will enter the market at a specific price. Instead. which we refer to as the strike price or strike rate. A trader will look at the market and will look at the current price of an asset. but it actually is very simple. so we buy a share of Apple stock for $100. Let’s break this down into a few different parts. We think that Apple stock is only going to increase in value.

you must choose a time when your trade will end Fixed or expire. and there is a fixed return on your investment. you don’t have continue 13 . Most platforms also offer LONG TERM contracts. which usually expire anywhere from the end of each week. If it is not lower than that price. end of every month. If the price did not go higher than the strike price. if the price is higher than the strike price. you have several options in regards • Fixed Returne to the length of the contract. the trader will win the trade. and also end of year trades. If the trader believes that the price will be lower than the current price of an asset at the end of the contract. You usually will have options for a form of BINARY trades. then he or she will place a PUT position. There is a fixed expiry time when your trade will end. there is fixed risk. let’s look at the fixed expiry time. Simple. let’s talk about a few of the benefits of binary options trading and we’ll compare them to the traditional trading formula. everything is fixed or set before you even begin to trade. If the price is lower than the strike rate at the end of the expiry time. the trader will win his or her trade. Before you even enter the market. fixed? Well. On most binary options trading • Fixed Expert Time platforms.The Binary Institute — Introductory Course in Binary Options Aedan Kelly CALL contract. half hour or hour depending on the asset. But what does that mean. In binary options. then the trade will be a loss. Once you’ve opened your binary options position. which will offer expiry times every 10-minutes. which usually offer 60-second contracts all the way up to 300-second contracts. 15-minutes. it will be a loss. You usually will also have SHORT TERM contracts. right? Now. At the end of the contract or expiry time. It works in a similar fashion for PUT contracts.

but also the $8 profit. if you place trade of $10 on the EUR/USD with an 80% return. you will never lose more than your $10. In forex. It doesn’t matter if you’re 100 pips in the correct direction or just 1. because your trade’s success depends on your strike price. If you open a CALL position. Now. your trade only needs to be 1 pip or 1 point higher than your strike price for you to win the trade. Not only will you receive your $10 investment in to the trade. If there is very little price movement. you will receive a profit of $8 should you win. If you open a $10 trade. it’s a bit different. you must follow the markets closely in order to know when to exit your trade. it’s also important to mention that if you are 1 pip off from your strike rate. Another important aspect to remember about binary options is that your return on your investment is not dependent on major price movements. Many binary options traders make large profits in low volatility markets. should you lose the trade. Even more. which will make a total PAYOUT of $18 for that trade. This is of course different from traditional trading where once you open a position. in binary options you will never lose more than your initial investment into a trade. Depending on what you’re trading. your profit will be completely dependent of the price movement in the market. When we speak about a fixed return on your investment. for example. 14 . sometimes you will be required to wait several days or weeks to see a substantial price movement that will allow you to see a significant profit. it is not worth selling the asset to earn a small profit. In regards to fixed risk. you will lose your trade or be “out of the money. as long as you are 1-pip in the correct direction you will win your trade or you will be “in the money” as we say in binary options. At the end of your expiry time.The Binary Institute — Introductory Course in Binary Options Aedan Kelly watching the markets. usually anywhere between 60-90% of your investment. if you open a position or a lot and the market takes an unexpected turn. That means.” In traditional trading. the trade will automatically close. we’re talking about the amount of profit you can earn on each trade. Each binary options contract will offer a return based on your investment. you could lose a great deal more than your initial investment if you do not have any stop loss orders in place.

ladies and gentlemen. In binary options trading. Each contract will expire at a certain time. you might need to wait until there is a significant price movement before you will be able to make a substantial profit off of a price movement. we’re going to go over trading times and the major trading sessions. let’s do a quick review of the differences between binary options and how they are different than other forms of trading.The Binary Institute — Introductory Course in Binary Options Aedan Kelly So. so your profit from your trade will depend on the size of your investment into the trade. You try to buy the asset at the lowest price and then wait until the price reaches the highest level. And these. we are trading contracts – PUTS and CALLS. etc. Depending on the investment that you are making into the position. You can hold on to it as long as you want – 1-hour. when you will execute your sell order. You will enter the market at a certain price or strike rate and as long as your trade is 1-point or 1-pip in the direction that you traded. 15 . so contracts can be as short as 60-seconds or as long as 3+-years. rather than the amount of price movement in the market. 1-month. you will win your trade. are some of the major differences between traditional trading and binary options trading. you actually buy the asset. Each contract has a fixed return on your investment. In the next chapter. 1-year. In traditional retail trading. 1-week.

or commodities as long as that specific markets is open. is that you can essentially trade 24-hours a day. the French market. Some of the major markets are: Japan. and the US. we can trade 24 hours a day / 6 days a week NOT 24 hours a day / 7 days a week twenty-four hours a day. this means that when the markets are open in Japan. In retail trading. depending on the country. 6-days a week. currencies. or the Japanese market. it is 1:30AM in London and 8:30PM the previous day in New York. Essentially. But. we didn’t. Now. the U. Keep in mind though. Each country’s market is typically open anywhere from 8AM-4:30PM. In addition. indices. whether we’re trading stocks. When the London 16 .K. 24/6? Maybe there was a typo and they meant 24-hours a day. 7-days a week. while it is 9:30AM in Tokyo. it’s important to keep in mind that not every single market is open 24-hours a day 6-days a week. which span across several time zones. Now you might be thinking. one fantastic element of retail trading.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 3: Trading Times Now. essentially whenever the markets are open. the markets in London and New York are closed. six days a week. five days a week. we can essentially trade in markets all across the world. whether it is the American market. We can open trading positions as long as one of the markets is open.

when we think about the time zones around the world and when the markets are open. Most markets will open on Monday morning and close Friday afternoon for the weekend. just because there are markets open 24-hours a day. Australia and New Zealand. The first session to open is the Asian Session. But Monday morning in Japan is still Sunday night in the U. The European Session includes major markets such as the British. the European Session. which includes countries such as Japan. we can almost always find at least one asset to trade at any given time. which will extend our trading times even further. instead of five. such as the Saudi Arabian and Jordanian markets. The Asian session is known for lower volatility in terms of major price movements in comparison with the other trading sessions. which begins just towards the end of the Asian Session. Asian Session This is the first session of the day.S. Major currencies such as the 17 . There are times when the market is quieter and other times when there is greater volatility. The next major session of the day is the European Session. Now. doesn’t mean that we SHOULD trade all of the time. and Spanish markets. such as manufacturing data or central bank statements. This is why we can say that we can trade six days a week. This session is heavily reliant on economic trading events. So. If you listen to any financial news or follow any economic news sites. The three sessions are the Asian Session. China. the Japanese markets has already been closed for an hour and the American market won’t open for another 6-hours. Singapore.. 6-days a week. French. Major currencies to look at include the Japanese yen (JPY) and the Australian dollar (AUD). you often will here about different trading sessions and their importance. and the North American Session.The Binary Institute — Introductory Course in Binary Options Aedan Kelly market opens at 8:00AM on Monday. based upon AUD $ JPY ¥ time zones and this is the first price movement that we will see in the markets. German. Another important fact is that some Asian and Middle Eastern markets are open from Sunday-Thursday.

there is enough liquidity in the market to focus strictly on technical price movement. That means whenever the Asian Session is ending and the European Session is beginning. now that we know what the sessions are. As traders.S. which is the considered to be the biggest trading session of the day. the Euro (EUR). let’s talk a bit about the best times to trade. but also the Canadian dollar events as well. And these are the times when we can anticipate the best 18 . Whenever the European Session is starting to wind down and the North American Session is starting to open. European Session and Swiss franc (CHF) are included in this session. The final session of the day is the North American Session. If you look at it. • European-American Crossover Now we will see the most price movement in the market when there are multiple sessions that overlap.European Crossover volatility.The Binary Institute — Introductory Course in Binary Options Aedan Kelly British pound (GBP). dollar based events. we will find the best trading opportunities when there is the most price movement in the market or what Trading Sessions Overlaps we usually call high • Asian . 85% of all currency trades include the USD. Aside from that. so we are going to be focusing primarily on the U. During the early morning hours of the North American session. This session also provides GBP £ EUR € CHF a great deal of market volatility. we will have a brief overlap. So. based alone on normal market movement. traders can also focus on any major European trading event. which will provide many USD $ CAD$ trading opportunities. however. we will have another overlap. we American Session can see a great deal of US economic data will be reported.

Now. So. So. The most important overlap. is during the overlap between the European Session and the North American Session. the most active trading hours for traders are between the London markets opening time at around 08:00 GMT until the US market’s closing time around 22:00 GMT. so by the end of the Asian Session’s trading day when the European markets are just starting to open. so we will also begin to see the volatility in the markets decrease. that being said. so naturally the best days to trade are going to be when the markets do overlap. The peak market hours are during the European Session and North American session overlap. there is slightly less movement. Now. We can see press conferences and speeches given by leaders of central banks during this session. For one. there are also better days to trade. Generally speaking. which is between 13:00 GMT – 16:00 GMT. the markets will begin to close. London and New York.16:00 GMT session. the majority of the world’s markets are open between Monday and Friday. where we can expect much higher volatility. First and foremost. These are the most liquid 19 . However. we’ll start by discussing the Asian and European Overlap.Thursday the early part of the European 13:00 . Now. this overlap does offer more price movement Optimal Trading Times than the Asian Session alone or Tuesday . two of the largest financial centres in the world. aside from there being better hours to trade. each of the markets will be opening for the very first time. let’s take a look at the best times to trade. for a few reasons. On Fridays. the Asian session is the quietest of the three trading sessions in general. will be open at the same time. so we can naturally expect less price movement than we will see later on during the week.The Binary Institute — Introductory Course in Binary Options Aedan Kelly trading opportunities. This is the overlap with the least volatility. As we already know that the best price movements occur whenever the different sessions overlap. the days that we can anticipate the most price movement are anytime between Tuesday-Thursday. On Monday.

With all of the time zones around the world. let’s do a quick review. Typically speaking. etc.The Binary Institute — Introductory Course in Binary Options Aedan Kelly hours. etc. So. we can consider the weekends and holidays as times to step away from the markets and relax. There won’t be very much market action anyway. the markets will typically be a bit quieter than normal. 6-days a week. It’s also important to keep in mind. and the North American Session. which is when most traders are trading. anytime there are major sporting events or cultural events. the US. with peak hours between 13:00 GMT – 16:00 GMT. England. Japan. Due to world time zones. like the SuperBowl. And these are the basics of trading times and when you should trade. we have three major trading sessions: the Asian Session. Investors around the world are trading. that there are also times that are not ideal for trading. Eurovision finals. 20 . The best days to trade are between Tuesday-Thursday. anywhere between 08:00 GMT – 22:00 GMT. global markets are open essentially 24-hours a day. the European Session. Also. in Australia.

we are essentially focusing on three different schools of thought. If we’re trading and we don’t understand the price’s movement. eh? The good new is that trading is Market Analysis NOT going to a casino. While some traders will tell you they solely rely on fundamental analysis. we’re gambling. and then sentiment analysis. 21 . it is critical that we understand the price movements in the markets.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 4: Market Analysis It’s important to mention first and foremost that when we are trading. followed by technical analysis. there are some traders who only use sentiment analysis and they have the results to prove it’s success. If there is a strategy when it comes to trading. we have fundamental analysis. Now. the simple fact is that we’re not trading. others might choose to focus solely on technical analysis. When we take the time to study what is happening in the market and how those events affect the price. it would be understanding as much as possible about how the markets work. We can • Fundamental Analysis actually study the price movement • Technical Analysis in the market and understand how • Sentimental Analysis it has moved in the past in order to anticipate how the price will move in the future. Not the best way to use our hard earned money. Each form of analysis is equally important and a basic understanding of each of them can lead you down the path of being a successful trader. when we analyse the markets. Merely guessing the price direction is risky and leaves us with a 50/50 % chance of a winning trade. we are using a trading strategy known as market analysis. While technical and fundamental analysis are extremely important. First.

The Binary Institute — Introductory Course in Binary Options Aedan Kelly That being said. fundamental analysis essentially answers the question to WHY the price is moving in the market the way it is and most importantly will help us anticipate future price movement. All of the price movements that we see in the market are influenced by a variety of events around the world that occur on a daily basis. you will find the best form of analysis that works best for you and what you understand best. we are going to take a deeper look at technical and fundamental analysis. most successful traders will tell you that they use a mix of the three rather than relying solely on one form of analysis. and we will focus over the next chapters on giving you the skills to reach your trading potential. in chapters five and six. We try to study these events in order to understand what their affect will be on the value of an asset. We would agree with those traders here at the Binary Institute. but also in the long- term. Now. but now we are going to start by discussing what the three schools of thought are and how they can serve us when trading. In basic terms. Reports Speeches Data 22 . Now. These events give us an indication of how healthy or unhealthy an economy is or how strong or weak a particular market it in the short-term. fundamental analysis allows us to look at different events happening around the world at any given time and understand the effect of those events on the price of a specific asset. Fundamental Analysis We’ll start by taking a look at fundamental analysis. As you begin to trade.

and press conferences that can affect the price of an asset. The price movement in the market typically moves in patterns. to attempt to predict how the price could move in the short or long-term. a stock. all of this is important to us because traders follow the markets and they will react to the data they see. we can look at employment reports. or manufacturing data. retail sales data. If we are talking about data that is being published. Now. And this is exactly why we use technical analysis. Technical analysis is the study of historic price movement in the markets by using a variety of charts that measure different aspects of the price movement. such as the Bank of England. in order to make the biggest profits. but more importantly how the price HAS moved in the periods before. 23 . We refer to these charts as technical indicators and they show us patters of how the price has moved in the past. but also if there are any hints about future changes to monetary policy. speeches. There is a popular saying: “History tends to repeat itself” and that couldn’t be truer for financial markets. Whenever the head of a central bank. we’re referring to a variety of reports or data. depending on the result. investors will often look very closely to see if there are any hints about how the economy is fairing in the short term. whether it be a currency. the US Federal Reserve Bank. interest rate decisions. an index. or the Bank of Japan give a speech. or a commodity.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Now when we say events. which will help us decide when to enter the market in the future. What is important to keep in mind is that we use technical analysis to understand how the price is moving in the market in the current moment. Technical Analysis Another important form of analysis that we utilise when trading is technical analysis. we can predict how the price COULD move in the future. the European Central Bank. Many traders will actually trade when these fundamental events occur. Speeches by major financial figures also fall under the umbrella of fundamental analysis. As the price reaches a certain level on a specific chart or moves in a certain way.

In general terms. All traders would trade in the same direction and we all would be millionaires. Sentimental Analysis Now the last type of analysis that we will utilise is sentiment analysis. We’re looking at the price movement from a few different aspects to understand as much about the price as possible before we invest in a trade. You see different aspects of the park that you couldn’t see from the ground. when you take the two pictures and you put them side by side. So. Some indicators measure whether the price is perceived to be overbought or oversold. while others measure how much momentum is behind the price movement. measures a different aspect of the price movement. you decide to take a picture of the park with your camera phone. you have a more complete understanding of what the park actually looks like. Now. we have a better understanding of the overall price movement in the market. Some indicators measure volatility or how fast the price is moving in a certain direction. While each indicator might only give us one piece of information to the puzzle. and you feel that you have a good understanding of what the park looks like. So.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Each of the technical indicators that we use. when we combine a variety of indicators. of a trader. Imagine that you are standing in a park and you look out across what lays in front of you. while other indicators actually will show us the directional movement. To new traders. 24 . Now. And this is what we’re doing with technical analysis. the markets would cease to function. You look down and notice how different the park looks from above. we usually give this example. or sentiments. sentiment analysis is relies on the individual feelings. you take picture of the park from above. the very next day you are in a plane and you fly over the very same park. If each trader followed the markets by utilising technical and fundamental analysis.

Sometimes. that no matter how many indicators we use or how aware we are of the fundamental environment of a particular asset. there are times that we still will trade in a certain way without any particular explanation. we are going to take a deeper look at technical and fundamental analysis so that you can begin to utilise each of the individual skills. The more we learn about the market and understand about the price movement. most traders will use a mix of technical. Sentiment analysis is highly individual and is based on your personal trading experience. the more opinions we will have about potential price movement in the future. as we said earlier. and sentiment analysis whenever trading. sentiment analysis is extremely important. but it is not a form of analysis that we can necessarily study. Now.The Binary Institute — Introductory Course in Binary Options Aedan Kelly The fact of the matter is. 25 . fundamental. Now. As our course proceeds. we will just have a feeling that the market is going to react in a certain way and we go with our gut feeling.

in order to access the indicators.e. in the last chapter we spoke about the different types of analysis that we use whenever we attempt to understand the price movement in the market. and this is what we’re looking for whenever we use technical analysis. MT4 or MT5).com. we will need to use a charting system that will allow us to look at a variety of indicators and even change some of the parameters of the charts in order to personalise our analysis to the type of trades that we will execute. we are using a variety of charts that measure different aspects of the price movement. as well. Each of these platforms has a slightly different layout and offers different features. This lesson will focus on technical analysis — the study of historic price movement by using charts and graphs. We refer to these charts as technical indicators or indicators. 26 . We mentioned that history has a tendency to repeat itself. So.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 5: Technical Analysis So. Now. FreeStochCharts. Whenever we are using technical analysis. Most of the websites are either free or will allow you to download a free version that will allow you to decide which one suits you and your trading style. we’ll start with some of the finer details of technical analysis and progress from there. price patterns also have a tendency to repeat themselves in the markets. We spoke about technical. Well. We are looking for patterns that will give us a signal to anticipate the future price movement. Now. Some of the popular charting systems are MetaTrader (i. fundamental and sentiment analysis. or NetDania. there are dozens of technical indicators that you can use whenever you’re trading and each of these indicators will have at least one strategy that you can apply to anticipate the future price action.

The Bollinger Bands is a volatility indicator that that measures how fast the price is moving in one direction. there are dozens of indicators that measure different aspects of the price movement. relative to the time period. 27 . Support and Resistance or Moving Averages. most of the technical indicators that you will learn in the future. will fit perfectly right on top of the Japanese candlestick chart. which is quite useful when looking at different time frames of trades. But. the indicator has come a LONG way since it was developed. It’s a technical indicator that was developed in Japan by rice traders in the 17th century to monitor the rice trade. The RSI for example is a type of chart referred to as a momentum oscillator that measures overbought and over sold conditions. You might have heard about indicators such as the RSI. Moving averages help us determine the general direction of a price movement over a period of time. Support and Resistance lines help us find potential price limits where the price will either break and reverse. Other indicators will measure the volatility in the market at a particular moment or how fast the price is moving in a certain direction over a period of time. Bollinger Bands. Now. Some indicators measure momentum or how much force there is behind the price movement.The Binary Institute — Introductory Course in Binary Options Aedan Kelly As we said earlier. let’s talk about a few of the features of the candlestick chart and the benefits that it offers us when trading. In fact. out of all of the indicators that you can learn about. or continue in its current direction. Some indicators measure overbought or oversold conditions. So. but its application today to retail trading is essential. which show areas where the price is perceived to reach an extremely high or low level. the most important technical indicator that any new trader can learn is the Japanese Candlestick chart. We’ll go into all of the details of of the candlestick chart in our video series. but we’ll share with you the important details as well.

1-day. 10-minutes. Depending on the time frame that you have set your charting system to. this means that there are buyers in the market who are driving the price up. but depending on how you set your chart. with the X-axis (horizontal line going across the bottom of the chart) showing us the time the past price movement up until the present time. 30 minutes. The “Y-axis” (the vertical line moving across the right side of the screen) shows us the price of the asset. each candlestick could represent a variety of time periods. 1-day. etc. If we have a red candlestick. The colour of the candlestick will let us know whether the price went UP or DOWN during the period. or even each candlestick could represent 15-minutes. These blocks and lines are our candlesticks and they give us a wealth of information about the price movement in the market. Some of the blocks will be long. this means that the price moved up for that period of time (1-minute. More importantly. Each candle could show us the price movement over 1-minute. It’s all up to you and which time frame you choose. the candlesticks will show you the price movement for that specific period of time. a candle stick chart is set on an “X-Y axis”. We’ll start by talking about the block or what we refer to as the body of the candlestick. 5-minutes. it’s just the 28 .The Binary Institute — Introductory Course in Binary Options Aedan Kelly First and foremost. 1-hour.).The bodies each represent a period of time and are coloured to show us which direction the price moved. If it’s a blue or green candlestick. If the price is moving up. Depending on the charting system you use. or 1-year. Between the two axis we will see a variety of coloured blocks. the blocks could be red and green or other charts use red and blue. 1-month. each candles’ interaction with another candlestick furthers our understanding about how the price will move in the future. some will have lines coming out of the top and bottom of them and others will have no lines at all. some will be short. 1-hour.

the price is constantly moving in the market. the candlestick chart is going to trace the entire price movement during that period. As the price moves up and down. it’s just the opposite. For a blue or green candle. If you see a red candlestick with a line coming out of the top of it. it just means that the price went lower than where it closed during that time period. Now. you will know where the price was whenever that candle started or OPENED. it just means that the price moved higher than where that candlestick started during it’s time period. If you look at the bottom of the red body. It means that the price is moving DOWN for that time period and that sellers have entered the market and have driven the price down.The Binary Institute — Introductory Course in Binary Options Aedan Kelly opposite. but also the lines that peak out of the top and bottom of the candles. The opening price or starting price will be at the bottom of the body and the closing or stopping price will be at the top of the body. moving in waves of up and down motions. you will see the price where the candle stopped or CLOSED at the end of the time period. 29 . The is why we see the different colours. we know that the price is moving down for that period of time. If we look at the body of a red candlestick for example. If you look at the very top portion that red body. If you see a wick coming out of the bottom of the candlestick. These lines are known as SHADOWS or WICKS and they show us the full price movement during that candlestick’s time period.

we can reap a great wealth of knowledge about the general market conditions and how the price might reach in the future. but how can I use this information. there is very little reliable information that the candlestick can give us about future price movement . there are different types of trends .There are upward trends where buyers are in control of the markets and the price is moving in a general upwards direction. we can identify what is known as a TREND. Other traders also learn to trade on price reversals. If we see a wick coming out of the top of a blue/green candlestick. If a wick comes out of the bottom of the candlestick. if we look at a few consecutive candlesticks. However. Whenever we can identify that the price is clearly moving in one direction over a series of candlesticks. Even more. 15-minutes. If you can learn to spot a trend. you’re probably wondering thinking. or half hour. Now. it just shows us that the price went lower than where it started. which occur when one trend 30 .The Binary Institute — Introductory Course in Binary Options Aedan Kelly The same goes for green or blue candles. Trends occurs when the market decides that the price needs to move in one direction for a certain amount of time. that just means the price went higher than where it closed. to be honest. you can actually trade with that price movement. Whenever we are trading. weeks or months. you have a variety of contracts at your disposal to choose from when you’re trading. Trends are very important for us because they let us know how the price is moving over certain period of time. this is all great. we are looking for areas where we can see that the price is clearly moving in one direction for a period of time. You have 60-second options. if we look at only one candlestick. other options contracts will end every 10-minutes. In binary options. okay. There are also downward trends where the sellers are in control of the market and the price is moving in a general downwards direction. Some trends are as short as 40-minutes and other trends can last days. Well.

and dozens of others of indicators that will give you a more complete picture of the price movement in the market. volatility. After you have learned how to read a candlestick chart and spot trends. help clarify information that you might not see on the candlestick chart. Most traders will usually use a combination of four or five different indicators to understand the price movement before they begin to trade. Each of these indicators are also quite easy to read and understand. will sit directly on the candlestick chart and their strategies will depend on the interaction between the candlesticks and the other components of the indicator. the MACD. is that you can use the candlestick chart in order to learn how to spot the trends and trade in the markets. you can begin to learn to use other technical indicators like the RSI. the Stochastics. and oversold and overbought conditions are equally important and give us a more complete picture of the price movement in the market.The Binary Institute — Introductory Course in Binary Options Aedan Kelly ends. the other aspects that we’ve discussed like momentum. and a new trend begins. Moving Averages. some indicators like the Bollinger Bands. if only to give yourself more confidence in your trading decisions. Now. The important thing to know. Moving Averages. We typically recommend to new traders to try and learn at least three indicators before you begin to take large price actions in the market. Parabolic SAR. the stochastic. however. MACD. DMI. and the DMI will have their own chart that will not be displayed on the candlestick chart. 31 . ADX. The candlestick chart just shows us how the price has moved in the past and how it is moving now. changes directions. and more importantly. and the Parabolic SAR. Other indicators like the RSI.

We essentially said that fundamental analysis is the reason behind the price movements that we see in the markets. we spoke about market analysis and introduced you to some of the ideas behind fundamental analysis. It allows us to look at different events happening around the world and understand the effect of those events on the price of an asset. there are many different types of events that affect the markets. Some reports are released weekly. while others annually. many traders will have time to prepare for the event and how they will trade depending on the results. we are actually looking at the price movement that is caused by the different events around the world. Whenever these economic reports are released. Some are economic events. or manufacturing data. some quarterly. These reports are usually connected to a specific type of data. traders and investors will look at this information in order to have a better understanding of how that economy fairs in the short-term and long-term and will trade accordingly. We try to study these events in order to understand what their affect will be on the value of an asset.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 6: Fundamental Analysis. Whenever we look at the technical indicators. such as employment data. which are reports related to a specific economy that are published by a research group or government. Now.The price movements that we see in the market are influenced by events that occur on a daily basis and give us an indication of how healthy or unhealthy an economy is or how strong or weak a particular market it. others monthly. Let’s take an example of an economic report to see what effects it may have on the 32 . As each of these reports are scheduled days and weeks before the actual data is released. In chapter four. sales data.

The Binary Institute — Introductory Course in Binary Options Aedan Kelly market once it is released. Depending on whether the results of the data are perceived to be positive or negative will have an effect on the price movement in the market. Now there are other type of economic events are more political in nature that also have a major effect on the markets. They will see that more people are employed.If the NFP report is negative.K.S. Several countries imposed sanctions on the purchase of Iranian goods. If a country has high unemployment. The clearest example would be an employment report and for our example. traders in general will make the following connection before they decide to trade. it will have the opposite effect. economy as weak in the short-term and we will see downward price movement in the short-term. If we see that the U. we’ll take the U. For example. and they will perceive the U. Different political events that have an effect on the markets are war or political negotiations. has released positive sales data or China has released negative manufacturing data. market to be strong in the short-term. This means that U. most notably.S. if we see that the NFP report is positive. oil. are capable of spending and investing in the economy. based assets like the U. Employment is an important economic indicator for a variety of reasons. and these events often can over a longer- term effect on the price of an asset. dollar and stocks will increase in value in the short- term and we will see upward price movements in the market.S. traders will trade accordingly based upon the price movements that these events cause in the markets. we will see the opposite effect where less people will be receiving regular salaries and will be less capable of spending. Traders typically will view the U. in 2014. a monthly employment report that shows the change in the number of people who found employment in the previous month.S. many countries enacted an embargo on Iranian products in reaction to Iran’s nuclear ambitions. The more people who are employed in a country shows us that more people are capable of spending or putting money back into the economy.S. As Iran is a major supplier of oil to 33 . Now. Nonfarm Payroll (most often referred to as the NFP).

we just need to have a general understanding of what these events represent and to know when they are happening to be able to participate in price movements they will cause. CNN Money. the price of oil took a major hit and rose drastically. ForexFactory. As traders. First and foremost. and FinViz. The price of oil wasn’t stabilised until after negotiations were reached between Iran and other nations that eased the sanctions and Iranian oil entered the market again. as the supply of oil suddenly diminished and the demand for oil remained the same. We have many tools at our disposal and a typical daily fundamental analysis shouldn’t take any longer than twenty or thirty minutes to give us the information that we need to be able to trade. Each of these website are update regularly throughout the day and include articles on the various economic reports that are to be released. investing. you do not need to be an economist or market analyst to understand the effects that these different economic and political events will have on the markets in order to be able to trade with them. This is mostly attributed to supply and demand. They often will include statement’s from economists and market analysts about their expectations for 34 . Now. Reuters. Let’s take a look at some of the resources that we can use to enrich our fundamental understanding of the markets.The Binary Institute — Introductory Course in Binary Options Aedan Kelly the world’s oil markets. there are a variety of news outlets that will summarise the events happening around the world. Some popular news sites that traders use are Bloomberg.com.

Most of the news outlets listed above will offer their own economic calendar. All economic calendars due provide the following details: the date and time when the event will occur. you will be provided a variety of details about the different events. and then an area that will display the actual result of the event once the data has been released. Depending on the economic calendar that you are using. the currency or economy that will be affected by the event. Another important resource that we can use as traders is the economy calendar. The articles are typically very easy to read and are not too long in length. the previous results of the event if it has occurred before in the past. the forecasted result expected by economists. that will list all of the reports and speeches that are scheduled for the day. so that you can easily read three to four articles in ten minutes time and have a good understanding about what to expect during the day. 35 .The Binary Institute — Introductory Course in Binary Options Aedan Kelly these different events and will often time break down the significance of the reports.

a report is released and the markets change directions immediately. you go to your trading platform and you open a trade that will expire in the next hour. and you see there is a signal that has appeared on all of your charts and you think it is a great time to open a trade. However. however. For many traders. by not being aware of data that will affect that markets. So. Nonetheless. We’ll share with you an example of how being unaware of economic events could affect your trades. as it can have a major effect on trades that you might have previously opened. the choice is yours. 36 . most traders like to trade with economic events. jeopardising your trade. you have greatly increased the risk to your trades. Perhaps you would have decided to wait until after the data was released before you decided to open your trade or perhaps you would have decided to avoid trading all together. 15-minutes into your trade. Some traders will also trade exclusively with fundamental news and with the economic calendar avoid using any of the technical indicators to decide how to trade. the economic calendar is important for all traders for a few different reasons. you could have planned accordingly. At the end of the day. we are going to take all of the information that we have learned so far and apply it to HOW to trade on a binary options trading platform. we recommend that you use a mix of the two for your trades. First. Let’s say that you’ve been looking at your technical indicators.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Now. the greatly enjoy the fundamental aspects of market analysis as it gives you greater insight into WHY the markets are moving the way they are. if you are not interested in trading with a specific trading event. if you would have been aware that this event was scheduled to happen when you were planning to trade. Now. it is still important to be aware of when data is being released. In the final chapter of our introduction to binary options E-book. They will wait for the data to be released and then will trade with the price movement that ensues in the short-term.

HOW we trade them. You can trade currency pairs. let’s review what we’ve already covered about binary options. it could be 10-minutes. 37 . and most importantly. we’re going to discuss in greater detail WHAT binary options are. We know that binary options are a type of contract that give us the right to an asset for a fixed about of time.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Chapter 7: Trading on a Binary Options Platform We’ve reached the final chapter of our E-book and it quite possibly is the most important piece of our binary puzzle. you also can trade a variety of assets. it could be one week. This is our EXPIRY TIME. which is huge benefit to binary options traders. So. stocks. Most traders usually will diversify their trading portfolio by trading across all four asset classes. the different types of trading platforms. It could be 60-seconds. commodities. Asset Classes STOCKS COMMODITIES INDICES CURRENCY PAIRS With binary options. however. In this chapter. or even five years. and even indices. before we even open our trade we need to choose the date and time that our contract will end or EXPIRE.

you have won your $10 trade for the EUR/USD with 80% ROI 80% of $10 = $8 Winning trade = $10 investment + ROI ($8) Total payout = $18 trade. One of the most popular aspects of binary options is that each asset will have a FIXED RETURN ON YOUR INVESTMENT. Each of the binary options contracts offers a different return on your investment or what is often referred to as a PAYOUT. 80% of $10 is $8. If we lose our trade. Depending on the platform. The price that we enter the market at is known as the STRIKE RATE or STRIKE PRICE. This is the current price of the particular asset offered on the platform at that moment in time. we would receive our $10 investment into the trade + the $8 profit for a total payout of $18. The formula works out this way. 38 . so. With binary options trading.The Binary Institute — Introductory Course in Binary Options Aedan Kelly We also know that there are two types of contracts: A CALL and a PUT. If we win our trade. A call contract can be considered as a “BUY” position and we use it in scenarios where we believe the price will move up from its current position by the end of our contract. we will receive 80% of $10 as a profit in addition to the $10 that invested into the trade. Let’s say that we want to open a $10 trade for the EUR/USD currency pair with an 80% payout. the payout is usually anywhere between 60%-85% of your investment into the trade. if you are one PIP in the wrong direction. you’ve lost your trade. we only lose our investment into the trade which was $10. However. A put contract is sometimes referred to as a “SELL” contract and we use it in scenarios where we believe that the price will be lower than its current position by the end of our contract. as long as you trade in the right direction and you are one PIP or point in the correct direction.

how trades are won or lost in regards to the STRIKE RATE. you should see some icon on the page that says TRADE or TRADING PLATFORM. All of the times that you see on the platform. there are MANY different binary options platforms that you can choose from whenever you decide to open a trading account. will be measured by this clock. So. what the EXPIRY TIME represents. Now. on almost every trading platform you will notice that there is a clock that is counting down the time. Now. we recommend that if you’re using any trading tools such as charting systems or economic calendars. you’ll be able to login to the platform and begin trading. 39 . such as the expiry times. we understand how PUTS and CALLS work. so we’ll introduce you to the post important features that almost all platforms share. which most likely is NOT your local time. So. As soon as you’re logged into your account. from what we’ve seen so far. Each of the platforms will look a little bit different from the other.The Binary Institute — Introductory Course in Binary Options Aedan Kelly So. Most trading platforms use GMT time or UNIVERSAL TIME. Once you’ve actually opened and funded your trading account. and also how we make money with the PAYOUT. that you also synchronise these tools to GMT (0) Casablanca. You can click this and you will be led directly to the area where you will be able to begin trading. now it’s time for us to take a look at how we can actually use these elements and trade. but many of the platforms will share a variety of features.

but typically the minimum amount that you can invest in a trade is $10 and the maximum $5. as this is the same time at universal time. you should see that there is an area that says ASSET and that it will have a button that allows you to choose from a list of assets. Each platform will offer their own minimum trade. If you’re not sure that your platform is synced to GMT (0). 40 . you will see that there are either one or two TRADING CELLS or TRADING SQUARES that have graphs and other information in them.The Binary Institute — Introductory Course in Binary Options Aedan Kelly Monrovia. First. You usually can type the trade amount that you want to add OR choose if form a dropdown menu.000 per trade. Reykjavik. You also will see an area that says EXPIRY and there will be a similar button that shows you a dropdown menu that will allow you to choose what expiry time you want to choose. You should see an AMOUNT area where you can change the size of your trade. Let’s go over a few of the features of these trading cells. Check with your account manager or customer support to verify what the minimum and maximum amounts are per trade. As you scroll down. then make sure to ask your account manager or their customer support team to clarify it for you.

One button is says CALL and usually has an arrow pointing upward. To the right of the graph.The Binary Institute — Introductory Course in Binary Options Aedan Kelly You also will see a graph showing you the price movement of that particular asset. 4-hour. Most platforms will show you a 30-minute time frame. you should see an area that says PAYOUT and POTENTIAL PAYOUT. It is important to mention that this is a line graph and is not a technical indicator that shows you different aspects of the price movement. and in-between the PUT and CALL buttons. Next to the PUT and CALL buttons. you will most likely see three buttons. LONG-TERM. a 1-hour. Most platforms only offer a line graph. The percentage depends on the asset and will be different for each asset. and 12-hour time frame which will help you decide how you want to trade. the other says PUT and has an arrow pointing downward. 2-hour. you should see a square with a price that is fluctuating. The POTENTIAL PAYOUT will calculate what the PAYOUT could be based upon the amount of money that you have typed into the Right above the trading cells you most likely will notice that you have a few more options that you can choose from. The price is the STRIKE RATE or current price being offered on the platform. The PAYOUT is percentage or RETURN ON YOUR INVESTMENT that we discussed earlier. which just shows you where the price has been over the last few time periods. Whenever you decide to open a position. SHORT-TERM. and maybe other options as well. The 41 . you will either push the PUT or CALL button and the price that is in that middle box whenever you press PUSH or CALL will become your strike rate. 8-hour. You might see an area that says BINARY OPTIONS.

42 .The Binary Institute — Introductory Course in Binary Options Aedan Kelly most popular are the BINARY. which will expire 120 or 300 seconds after you choose a PUT or CALL position. For most of the assets featured on the BINARY tab. We’ll start with the BINARY feature. so we’ll dig deeper into these types of trading formats. The BINARY feature of most platforms will offer a variety of expiry times. SHORT-TERM. This feature shouldn’t be used exclusively and should be used only in certain scenarios and conditions. as this is the most popular feature for most traders. or half hour. The SHORT-TERM feature is very straightforward and typically allows you to choose a 60-second contract. These contracts will expire 60-seconds AFTER you have chosen a PUT or CALL position. 15-minutes. and LONG-TERM options. This is the area of the page that also allows you to choose an END-OF-DAY TRADE. you will find that the assets will offer an expiry time every 10-minutes. Many people use this feature whenever they notice that there is rapid price movement in one direction and they want to trade with the volatility and open as many positions as they can. which is the last contract of the day that typically expires between 18:00-23:30 platform time. Some platforms also over 120-second options and 300-second options.

We’ve come to the end of our Introduction to Binary Options E-book. and also areas that you can speak with customer support. Thank you from our team and good luck to you! 43 . The LONG-TERM trades will expire every Friday at a fixed time AND also the last day of the month. and also risk and money management skills. This feature also usually will offer a variety of expiry times for each asset. learn how to use different technical indicators. Most platforms will offer four END-OF-WEEK trades each month in addition to the END-OF-MONTH trade. We hope that you have a better understanding of how binary options work and how to start trading. Here at the Binary Institute we also offer our video series. which can stretch our several months or even years from the moment that you are considering opening the option. Each platform is different. where you can learn how to use a charting system.The Binary Institute — Introductory Course in Binary Options Aedan Kelly The LONG-TERM feature of the platforms give you even more options in terms of choosing when your trade will expire. so make sure that whenever you fund your trading account. that you ask your account manager for a PLATFORM WALKTHROUGH or access to a webinar that will teach you how to use the trading platform. which is available if it falls anywhere between MONDAY-THURSDAY. an area to check your account balance. the economic calendar. in addition to the trading features of the platform. you also will have an area where you can check open and expired trading positions. Now.

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