NADEX Trial
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The switch from primarily trading Nadex 5-minute and 20-minute binary options to successfully trading a standard Forex account required adjustments to the forecast model that came out of an analysis I carried out on April 23rd—modifications that are still in progress.
To reestablish the accuracy of my predictions, I had to go back to the higher time frames to get the bigger picture, or more specifically, I had to switch to 4-hour charts. From there, I translated the 4-hour setup to 15-minute charts. This activity has also enabled me to purchase longer-term Nadex binary option contracts more judiciously, so that I might at some point in the future avail myself of this option in my Nadex live account, purchasing contracts with 1:1 or 3:2 risk-to-reward ratios as opposed to the 4:1 ratio typical of the shorter-term contracts, which I am currently unwilling to do with real money.
Given how far the above contracts are in-the-money at the moment, I'm going to go ahead and cash out now rather than wait around another four hours for expiry at full value.
To reestablish the accuracy of my predictions, I had to go back to the higher time frames to get the bigger picture, or more specifically, I had to switch to 4-hour charts. From there, I translated the 4-hour setup to 15-minute charts. This activity has also enabled me to purchase longer-term Nadex binary option contracts more judiciously, so that I might at some point in the future avail myself of this option in my Nadex live account, purchasing contracts with 1:1 or 3:2 risk-to-reward ratios as opposed to the 4:1 ratio typical of the shorter-term contracts, which I am currently unwilling to do with real money.
Given how far the above contracts are in-the-money at the moment, I'm going to go ahead and cash out now rather than wait around another four hours for expiry at full value.
According to financemagnates.com, in 2015 Cantor Exchange was averaging only 65 visits a day as opposed to Nadex's 15,000. No wonder they stopped offering their Forex binary option service!
I'm going to try to take the demo account balance to $50,000 by the end of this month, in which case, it will have taken me a little over half a year to double my starting capital.
It is Sunday 4:00 p.m. PST and it appears that the only index available to trade is Japan 225. And if I'm interpreting what I see correctly, it looks like trading will close at about 10:30 p.m. PST.
The red and blue rectangular boxes I have circled in orange appear to be the location of strike prices. Why there are black horizontal lines drawn at 23600, 23520, and 23400 is unclear to me at this time.
As far as I'm concerned, the (lack of) functionality of Nadex's charts renders them virtually useless. I tried to see if they were any better on the new platform (which I loaded in my demo account) but I can't even get my demo account to open!
(The above image is from my live account.)
The red and blue rectangular boxes I have circled in orange appear to be the location of strike prices. Why there are black horizontal lines drawn at 23600, 23520, and 23400 is unclear to me at this time.
As far as I'm concerned, the (lack of) functionality of Nadex's charts renders them virtually useless. I tried to see if they were any better on the new platform (which I loaded in my demo account) but I can't even get my demo account to open!
(The above image is from my live account.)
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