Though it is my personal opinion that the Nadex risk-to-reward structure is awful, the fact that my approach to trading the Numerical Price Prediction system can lead to an almost 100% daily success rate motivated me to open another Nadex demo account nonetheless, the reason being that with a tiny balance I can routinely make like $15 per trade instead of the rare $3 per position (at best) trading a small account via OANDA.
Unfortunately, I found the performance of the Nadex platform to be no better than before, so I was about to immediately abandon the service once again when I thought, "Why not test the new beta platform written about by Adam McAden on March 10, 2020?"
I don't like it as much, but it initially seems more responsive, so I will use this journal to help familiarize myself with its use, and evaluate whether I can trade with it profitably. If so, the rate at which I'll be able to grow my account (hopefully exponentially) should radically outstrip the 1.8% profit per day compounded over 220 days I was originally shooting for when I saw the the ET contributor a couple of years ago who was going to try to parlay a £100 balance into a £5000 account within a year.
I will be limiting my trades to two-hour Forex binary option contracts, which means the only pairs that will be available to me are AUDUSD, EURPY, EURUSD, GBPUSD, and USDJPY.
It is a $10,000 demo account, so the goal will be to increase this amount each day, without exception. What I'm curious to find out is by how much can this be done, on average?
The old platform had a refresh button that would pull up new contracts each hour, but so far, I haven't been able to find it on this one and had to hit by browser refresh button instead. As a result, I purchased a GBPUSD call contract at a significantly higher level than I had hoped/intended.
Unfortunately, I found the performance of the Nadex platform to be no better than before, so I was about to immediately abandon the service once again when I thought, "Why not test the new beta platform written about by Adam McAden on March 10, 2020?"
I don't like it as much, but it initially seems more responsive, so I will use this journal to help familiarize myself with its use, and evaluate whether I can trade with it profitably. If so, the rate at which I'll be able to grow my account (hopefully exponentially) should radically outstrip the 1.8% profit per day compounded over 220 days I was originally shooting for when I saw the the ET contributor a couple of years ago who was going to try to parlay a £100 balance into a £5000 account within a year.
I will be limiting my trades to two-hour Forex binary option contracts, which means the only pairs that will be available to me are AUDUSD, EURPY, EURUSD, GBPUSD, and USDJPY.
It is a $10,000 demo account, so the goal will be to increase this amount each day, without exception. What I'm curious to find out is by how much can this be done, on average?
The old platform had a refresh button that would pull up new contracts each hour, but so far, I haven't been able to find it on this one and had to hit by browser refresh button instead. As a result, I purchased a GBPUSD call contract at a significantly higher level than I had hoped/intended.
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