NADEX Trial
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I am considering possibly using Bet Online to make simple wagers on whether an exchange rate will be higher or lower than a given level after a specified period of time, and in the meantime, plan to use my NADEX demo account to test the veracity of my decision-making process in terms of the predictions I make, starting with this one.
Having apparently settled on what, for me, amounts to a complete repertoire of tactics, strategies, systems, setups and indicators, not to mention having a full slate of non-trading related tasks to complete, I’m presently only making (virtual) trades if I happen to notice something tempting when glancing at a chart now and then.
Such was the case when I saw a halfway decent setup forming with respect to EURGBP, which had entered the upper regions of its typical price range. I estimated the odds of it climbing even higher over the next four hours to be slim, and therefore purchased four put contracts to expire at 4:00 p.m. PST.
But as luck would have it, the UK Parliament’s rejection of Theresa May’s Brexit deal gave me the opportunity to close the contracts early with a respectable return, which I went ahead and did so as to guarantee avoiding any kind of loss and make it unnecessary to devote any additional attention to the markets today.
Such was the case when I saw a halfway decent setup forming with respect to EURGBP, which had entered the upper regions of its typical price range. I estimated the odds of it climbing even higher over the next four hours to be slim, and therefore purchased four put contracts to expire at 4:00 p.m. PST.
But as luck would have it, the UK Parliament’s rejection of Theresa May’s Brexit deal gave me the opportunity to close the contracts early with a respectable return, which I went ahead and did so as to guarantee avoiding any kind of loss and make it unnecessary to devote any additional attention to the markets today.
USDCAD turned against me, so I had to take counter measures in an effort to still realize a profit for the day.