Want to trade the Nadex 5 minute binaries? These binaries are ideal for experienced scalpers as they are fast-moving and quick profits (or losses).
In this video, Gail Mercer, founder of Traders Help Desk, shows four trades on the GBPUSD this morning.
- Trading began with the stochastics oversold and hidden divergence on the lower timeframe. The risk on the trade was $26.50 and the reward was $53.50.
- As price formed new highs, the stochastics did not. This was the second trade to the short side. The risk was $21.75 and lost.
- Price retraced to the ATR, which acts as support, and another long was entered. The risk on the third trade was $23. The reward was $57.
- The last trade was entered after price made new highs and the stochastics did not — providing divergence on the 1 minute with support from the higher timeframe as the stochastics overbought.
Open your free Nadex demo account. Gail recommends having both a demo account a live account. This way you can compare the two to make sure your strategy works on both live and demo. While OTM binary option strategies do not have a large difference (there are some exceptions like fast moving markets), for traders using Deep in the Money Strategies, the differences can have a larger impact.
You can join the All Inclusive Trading Membership program for only $1,495 for the first year.