Today we are going to look at Binary Options: Fixed Odds Financial Bets by Hamish Raw. As I’ve discussed before Binary Options has become a significant OTC market place and seems to be growing by the day. Hamish Raw’s book looks to tap into this growing market, it should be noted that Hamish Raw’s book can not been seen as an introduction being aimed towards a more sophisticated reader and my review will proceed with this in mind.
From the book it appears that Hamish Raw is an ex open outcry options trader, who has moved away the floor and moved his attention towards trading Binary Options. This expertise is clear to see when reading the book, with Hamish Raw delving into some quite complex subjects throughout the course of the book. I would recommend that the reader comes armed with at least some basic Options knowledge before attempting to read this book. While Hamish does explain how a Binary Option bet works he doesn’t do it in a particularly introductory way, which won’t be a problem for more advanced readers.
The real strength of Hamish Raw’s book lies in the technical information and charts relating to the pricing of Binary Options. The book contains some quite complicated formula and will be of real value to those with a mathematical bent. The book should also be praised for how comprehensive it is going through all the subjects covered in exquisite detail providing plenty of graphs it accompany the subject matter. I personally the found both the chapters on Hedging and Trading Binaries very beneficial.
All in all Binary Options: Fixed Odds Financial Bets by Hamish Raw, represents a tour de force in providing solid technical information about the workings and pricing of Binary Options. The book is not for those who want an introductory tour of the field, but rather either for those with significant trading experience or those who already have a grounding in options.