Scalping the Nadex binary options using lower timeframes like the 5 and 20 minute charts with the faster expirations requires discipline and low risk. In this video, Gail Mercer, founder of TradersHelpDesk, shows you how to trade these faster binary options using the Stochastics with candlestick patterns and divergence.
Scalping the Nadex Binary Options Using 5 and 20 Minute Charts
Nadex binary options provide multiple opportunities for traders including 5 minute, 20 minute, 2 hour, daily and weekly expirations. Even if you are not a scalper, practicing on the 5 minute binary options can teach you a lot (in demo mode of course). For example, do you have trouble taking a loss, second guessing your trade or are you trying to develop discipline for entering and exiting your trade. Trying to develop these skills on daily charts takes a long time. However, practicing on the 5 minute provides more practice and allows you to develop the skills for successful trading faster.