Binary Options is a great opportunity given the potential profits, yet with the high risk many traders end up losing for several reasons and mostly due to lack of information and the inability to develop a strategic approach with their trades.

Binary Options Brokers will offer you Live Webinars and Quick Strategy Guides, yet if you lack a broader understanding of online trading and investing in general, you might fall victim to bad trading decisions. I am a true believer that a good book is equal to 10 good lectures!

Being in your own comfort zone and studying at your own pace will increase your engagement in the material and is the best way to truly understand difficult and challenging concepts.

If your goal is to turn day-trading into a living, investing time into a learning phase is highly recommended. None of these efforts will get you to understand the big picture, the macro and the micro and how markets interact. The easy way it not the right way, and if are dedicated to create a future in which you will become a successful investor, reading a good book or two will definitely get you there quicker!

An example of such books: How to trade binary option successfully by Meir Liraz 2. The Intelligent Investor is one of the most important investment books of the 20th century.

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This book is highly reviewed in a positive way and is affordable. I can strongly recommend the Intelligent Investor to anyone who is interested to dive deep into the basics and understand how financial markets interact and change over time.

The Definitive Book on Value Investing. A Book of Practical Counsel Revised Edition. The title of this book says it all. In this instructional book, Alexander Elder covers all the aspects that a day trader must consider when transitioning to a life of day trading.

As with any life transition, we must stay aware of how we react to changes and with a strong emphasis on the psychology of day-trading, Alexander Elder did a great job of classifying the psychological characteristics of a successful investor and that of a non-successful investor.

This book is very insightful and popular in the Amazon community. Trading for a Living: Psychology, Trading Tactics, Money Management. This is probably the most popular and easy to read day-trading book in the market, especially due to the success of the Dummies Series taking over all possible topics that people are searching for.

Ann C Logue also wrote the entire series of Day Trading and Investment for Dummies with the assistance of co-writers.

Day Trading For Dummies. This is another popular book among the Amazon community and a Must Read for newbie traders!

Keene on the Market: Trade to Win Using Unusual Options Activity, Volatility, and Earnings Wiley Trading. Your email address will not be published.

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