The only instruments that offer a more-or-less full range of contracts around the clock are... AUDUSD EURJPY EURUSD GBPUSD USDJPY
Tuesday / February 15, 2022 The defining of parameters is essentially over now, so going forward my main task is to work on maximizing the competence with which I am able to apply these measures. More specifically, for the time being at least, I want to generate at least $100 a day in my Nadex demo account.
Don't forget, if you wake up early in the morning, you always have the option of trading the FTSE 100 and the Germany 40! Also, as the image below illustrates, you can begin trading two-hour binary options for the U.S. Indexes starting as early as 5:00 AM PST—NOT 7:00 AM.
I'm going to ignore the above information with respect to Japan 225, for it looks to me like the only contract Nadex offers other than the weekly one is a single daily contract at 4:00 PM PST whose expiration is scheduled six hours and 25 minutes down the road (i.e., at 10:25 PM). That's a ridiculous span of time, so I will not be trading the Japan 225, nor will I purchase the China 50.
Monday / February 21, 2022, 7:00 AM PST I am finished with this thread, at least for the foreseeable future. It seems I have finally mastered profiting from Nadex's platform, regardless of its awful in-the-money risk-to-reward structure (thanks be to God) so there is nothing more to do now but continue trading the same system in my live account.
After coming up with an almost foolproof system for trading Nadex Binary Options, I was curious to try it out with Nadex Knock-Outs. After my initial evaluation, I would say that, at least when it comes to this new strategy, Knock-Outs offer me a much better proposition than Binary Options, especially in terms of being able to arrange much more favorable risk-to-reward ratios. In this first case, I was risking only $13 for a potential reward of $65, whereas a typical in-the-money binary option contract would provide me with an almost totally opposite scenario (i.e., risking $83 for a potential reward of a mere $17). Of course, the drawback is that when it comes to Knock-Outs I can be stopped out of the position, whereas with Binary Options, it is impossible for this happen, so if the market turns back in my favor, I could still end up with a payout, even AFTER my trade had been out-of-the-money for a given period of time. But then, this is essentially irrelevant, given that if price does not behave as I anticipate when trading binary options, I almost immediately kick myself out of the position anyway, so it is basically the exact same thing as having the platform stop me out automatically. Also, as with Binary Options, Knock-Outs allow me to set a profit target, so that if I should choose to use this feature, I won't even have to monitor the trade given that my potential loss will be limited and I won't have to worry about abandoning the position manually should the potential loss become too great, as I have to do with binary options. In this case, I set my profit target at seven bucks, which was hit in just a few minutes (no need to wait until the end of the hour). Obviously, a $7 gain as opposed to a $13 loss is less than a one-to-one risk-to-reward ratio (the minimum that is considered acceptable if one wishes to call himself or herself a professional trader). Nonetheless, it is much better than the $13 gain versus $87 loss that might result from purchasing an in-the-money binary option contract. So then, it appears that the only possible drawback when it comes to Knock-Outs is if the market doesn't move so that the resulting payouts are nowhere near comparable to those offered by binary options. However, given the strategy I will be using, I will, in effect, only be trading when there is a relatively significant degree of market volatility and liquidity. Moreover, given that in-the-money binary option contracts typically offer me only $7 to $20 worth of profit at the most, and at much greater risk, it seems to me that this potential drawback is pretty much moot. Consequently, going forward, I think I'm likely to switch from trading Nadex Binary Options to trading Nadex Knock-Outs.