Читать книгу Binary Trading - John Piper - Страница 5

Little more than a year ago I wrote Binary Betting – an introduction to binary betting. At the time my publisher had to hold me back. Explaining how binaries work is clearly an essential thing to do. But my passion is trading and it is the trading of binaries that really interests me.

Don’t get me wrong, Binary Betting is a great book and was the first book written about this important new way of trading. I was not the first trader to discover binary bets, by a long way, but I am proud that I was the first to share it with other traders.

But as I was writing Binary Betting my publisher kept reassuring me. “Don’t worry,” he would say, “once people understand the basics you can write the book you want to. Just stick to the basics this time.”

Well, it was a long, hard grind but we got it done.

And now I have written the book I wanted – here it is!

In this book you will find that binaries come alive rather like a Porsche 911 in the hands of a good driver. No longer will you be at the whim of the market, a few ticks away from hitting your stop, but you can trade the most outrageous moves in complete safety. I am not saying you will always win but you can plan your strategy in the knowledge that you will never, bar a few exceptions, get stopped out and that you can only risk what you put down on the table.

Today in the UK over 70% of adults get involved in some form of gambling and trading. At the same time we have more opportunities to gamble and bet than ever before. It is estimated that around four million Britons take part in the £5.25 billion online gambling business.

This book is about a relatively small sector within the online gaming business. Binary bets, as we know them now, were only introduced in 2003, but they offer many benefits over other forms of betting and trading. Here is a brief summary of those benefits. Only one of these is exclusive to binary bets, but no other form of betting offers the same powerful combination:

 the ability to bet on both sporting events and financial markets

 fixed-odds betting allowing tight control of risk

 constantly updated prices which can move very quickly

 the option of opening a bet at any time

 the option of closing a bet at any time – you don’t have to wait until the game is over

 low minimum bets so you can cut your teeth without risking the ranch

 high maximum bets so you can rake it in once you know what you are doing

 the ability to place bets on the internet, via suitably equipped mobile phones (PDAs), and (sometimes) by telephone

 the availability of some unique bets giving unrivalled flexibility

If you are looking for fun, rather than cash, then this book will show you how to have fun in a way that will also give you a good chance of making money. But there will be times when you have to choose between fun and cash – you can’t always have both.