Binary Options Courses
Binary options courses are a great introduction to the all-or-nothing style of trading. Whether you are a complete novice or have some experience investing in binary options, there is always more to learn. This review will cover what you should know when it comes to choosing binary options courses, the difference between free vs paid courses, the types of educational content available, and importantly, how to protect yourself against scams. We have also ranked and compared the best binary options courses in 2024:
Bitcoin Short Sell Trading & BTC Binary Options – Udemy
This binary options course is run by Saad T Hameed, a leading Udemy mentor. Over 15,000 users have already signed up for the course. The program consists of learning about tricks and techniques to improve profit potential and reduce risk.
Details:
- Rating – 4.5/5
- Price – €84.99 or equivalent currency
- Accreditation – Certificate of completion
- Skill Level – No prior trading experience necessary
- Duration – 11.5 hours on-demand video, 3 articles plus full lifetime access
Binary Options Strategies No More Loss – Skillshare
This program is designed to reveal the best strategy that will help you succeed and grow your investment tenfold. Over 1500 individuals have completed this course. The program is designed around strategy implementation using real-life examples, with an average win rate of 84%. The unique strategy approach can be applied to a range of different time frames.
Details:
- Rating – 4.5/5
- Skill Level – Intermediate level
- Price – €34.99 or equivalent currency
- Duration – 25 lessons, total 3 hours 50 minutes plus unlimited access to every class
Binary Options Trading – Investopedia Academy
In this binary options course, you will learn the fundamentals of trading binaries. This includes understanding market conditions and recommended entry/exit points that will maximize profits. In addition, you can discover how to avoid common pitfalls that could cost you money. Users also develop skills to understand the Keltner Channel, decipher Japanese candlestick patterns and more.
Details:
- Rating – 4.1/5
- Price – €199 or equivalent currency
- Accreditation – Investopedia Academy Certificate of Enrolment
- Skill Level – Intermediate traders with some trading experience and a basic understanding of options
- Duration – 40 lessons with on-demand video, exercises and interactive content. Variable duration but lifetime access
How Binary Options Courses Work
Binary options reward investors with a fixed monetary amount or nothing at all, depending on whether a contract expires in-the-money or out-of-the-money. The concept is simple – will the price of a security, for example Amazon’s share price, rise or fall over a set period, such as 12 hours?
But while binary options are easy to execute, truly understanding the contract details and market dynamics to make well-educated decisions is important. Luckily, there are many binary options courses available online or offline worldwide, to help improve your skills and understanding.
Binary options courses typically combine a mixture of asset-specific trend analysis, the basics of trading binaries and understanding how to become profitable over the long term. The best courses also explain a process for identifying profitable trades, plus a suitable money management system and risk management strategy.
Unsurprisingly, there are some high-quality, expensive courses, plus some low-cost scams to steer clear off. The guide below explains how to find the right binary options course for your experience level and budget.
How To Compare Binary Options Courses
Fees
There is no set cost to access binary options learning materials. Registration fees can vary significantly. Aside from free courses, you can expect a full course to range anywhere in the region of $5 to $1000 and more.
Fortunately, monthly subscription charges rather than one-off payments can make costs more manageable. And most binary options classes will offer a transparent fee structure when it comes to payment requirements. Though, with some brands, you may need to reach out to the customer support team if this information is not readily available. It is worth fully reviewing the terms and conditions here. There may be hidden fees or additional charges for full access to training services.
When we reviewed accessible content, we came across 24/7 lifetime access to a beginner’s binary options guide from the Nadex group, costing £14.99, or a complete options trading course available on Udemy for £94.99.
We would also recommend reviewing some free content before committing to a paid-for service, particularly if you are new to trading the derivative.
Importantly, be wary of scams. Avoid course providers promising high returns with limited time investment alongside a hefty sign-up fee. And stay clear of companies that charge large fees for withdrawals if you upgrade to a live account.
Duration
Another factor to consider is course duration. Your past trading experience, knowledge of binary options and attitude to risk management will play a part in helping you decide the right course duration for you.
Although some may argue binary options courses with a short duration are not the best value for money, if you are looking for quick strategy reassurance or a market volatility refresher, an hours-worth of content could be ideal.
Beginners should look for longer-term solutions, spanning several weeks or months, with the option to learn at your own pace. This could include daily 10-15 minute videos or online tutorial pages with a reading time of 30 minutes, for example.
Method
Finding a binary options trading course that suits your learning style is key. Whether you prefer reading physical books, reviewing online tutorials, or watching a YouTube video, you should make sure your course offers this. Many of the best binary options courses will integrate a variety of resources into a syllabus.
The best binary options learning systems and strategies may also provide access to various tools that can be used when it comes to real trading conditions. This could include practicing trading with an automated robot, using complex graph analysis and drawing tools, or access to a free download of the Martingale win rate calculator.
Experience
The best binary options trading courses will provide content tailored to the trader’s experience level. For example, watching a free Jeremy Cash killer strategy trade execution video may be too advanced for those just getting started with the topic. Instead, beginner-friendly courses will run through the basics of setting up a binary options trade, identifying an opportunity, and deciding how much to invest.
Accessibility & Relevance
It is worth checking if the binary options course provider offers country-specific training sessions. Individuals located in New York, California, or Toronto, for example, will be working in a different time zone to those in Germany. You may miss out on important information if you have not considered local time zones and languages.
Additionally, depending on where you are located on the map may influence which markets you want to speculate on. For example, binary options courses provided on Asian platforms including those located in Japan, Bangalore, and Mumbai, are likely to provide country-specific news and content. There may be a focus on binary options trading on Japanese or Indian stock exchanges or price quotes and quiz questions and answers on local currency pairs, for example.
Note, binary options courses are available in most countries, including Egypt, Ghana, India, Korea, Kuwait, Kenya, Qatar, Sri Lanka, the UK, Zimbabwe and Zambia. With that said, the marketing and sale of binary options by local companies have been banned by some regulators. As a result, you may need to start trading with binary options brokers based offshore.
Demo Accounts
The best way to start really applying your knowledge is to get some practice with binary options demo accounts. With a paper trading profile, you can practice binary options trading in real-time. This is the best way to duplicate the experience ready for when it comes to the live moment.
The best binary options trading courses will also integrate free platform downloads as part of their services. For example, partnered training brokers may provide globally available terminals such as MetaTrader 4 (MT4), MetaTrader 5 (MT5) or TradingView.
Accreditation
Recognition or qualifications are provided when you complete some binary options training courses. This may include a certificate of completion or even an accredited professional status.
Of course, this is just an added bonus of participating in training and does not necessarily mean your investments will be any more successful, or mean you will have the edge over those without a qualification.
Pros Of Binary Options Courses
Participating in binary options courses from a well-regarded company or a broker can put you in good stead when it comes to trading. Whether you want to speculate on crypto binary options such as the price of Ethereum or Bitcoin, or trade major company stocks from Canada or New Zealand, there is something out there for everyone. Even a quick Google search brings up a large catalog of educational tools from paid courses, ebooks for free download, or access to a binary options specific YouTube channel.
The benefits of binary options trading courses are also vast. You can learn from more experienced investors, develop emotional resilience and delve into an immersive, simulated environment without an initial investment required, before hitting the live trading floor.
Cons Of Binary Options Courses
Take your time looking into binary options courses. It is essentially another form of investment, so you don’t want to be spending hundreds of dollars on a program that does not really benefit you with outdated information or content that doesn’t align with your skill level.
There is also a long list of scams in the binary options courses space, so check for credentials, user reviews, and awards before getting parting with any money. Only apply to binary options courses on reputable platforms or via well-regarded binary options brokers.
Brokers With The Best Binary Options Courses
Tips For Getting The Most Out Of Binary Options Courses
- Spend time researching, learning and testing methods before opening a live profile. Many of the best binary options courses permit lifetime access so you can refer back to details as and when they are required
- Test out the skills and knowledge gained from binary options courses. Utilize demo profiles to practice a new strategy. This may include placing short-term positions (1, 2, 3, or 5 minutes) or a longer-term strategy with 60 minutes, 4 hours or even a 6 months expiry time
- Participate in ongoing binary options training courses and classes throughout your trading career
Final Word On Binary Options Courses
Binary options courses can be a great introduction for beginners. Although it may be an additional trading cost, the best programs and lessons can help improve your win rate ratio. Look out for binary options courses that offer flexible learning methods, interactive elements and access to simulated profiles to put your practice into motion.
FAQs
Do I Have To Pay For Binary Options Courses?
Not all binary options courses come with a fee. There is plenty of information readily available for users on the internet, via books, games, journals, or in printout PDFs tutorials. With that said, binary options courses that come with a charge often provide more accurate and relevant content.
Are Binary Options Courses Safe?
Some binary options trading courses are safe. However, we would recommend only using the services of a reputable broker or training provider. Some programs come with unrealistic claims such as guaranteed profits and may be scams. Check customer ratings and reviews before signing up.
How Long Should I Spend On A Binary Options Course?
The length of time you should spend learning about binary options will vary depending on your past experience and knowledge. We would recommend shorter, interactive content to get you started. The best courses will offer bitesize videos to introduce the topic. Some platforms also offer unlimited lifetime access meaning you can use resources as and when you need them.
What Features Make A Good Binary Options Course?
There are several things to look out for when signing up for binary options classes. We would recommend comparing price, duration, learning styles and content. Also stick to regulated and/or trusted binary options brokers or course providers.
How Much Do Binary Options Courses Cost?
Binary options courses can vary in price. Educational programs can cost anywhere between $5 to $1000 as a one-off price, though many offer monthly subscriptions or annual rates with discounts. It could also be worth checking out free content before paying for a service.