Traders have multiple ways for live trading any market now. Between the futures, spot forex, Nadex Touch Brackets, call spreads and binary options, the opportunities are abundant.
Live Trading USDJPY – Multiple Examples
In this video, Gail Mercer, founder of TradersHelpDesk, shows you multiple ways to trade the USDJPY forex pair, including trading the spot USDJPY pair, trading Nadex Touch Brackets, Nadex Call Spreads and Nadex binary options.
In this live trading example, price was testing the ATR stop on the 15 minute time frame and had formed a bearish candlestick. Plus the 60 minute time frame indicated that the market was overbought.
Trader had multiple opportunities to enter:
- Spot Forex using a forex broker
- Nadex Touch Bracket
- Nadex Call Spread
- Nadex Binary Option
Gail executed using all four live trading examples, including two Out-of-the-Money binary options. The call spread and binaries expired at 9am. The Touch Brackets do not expire until Friday at 3pm. The spot forex trade needs to be managed but does have a stop at 109.65.