I have received several questions regarding the Nadex 5 minute binaries so I went live this morning with them. Notice in the video, I am using 3 timeframes – 1/5/15 minute timeframes. I wait until at least the 1 and 5 are indicating a trade setup. Plus, I only do about 3 of these trades a day — that’s all. For new traders, I recommend a 5/15/30 minute combination because you need more time to think through your trade setup and to respond. I also use a very low risk trade entry because I know there will be losers. If you are not willing to lose a trade then don’t trade the 5 minute binaries.
Trading Nadex 5 Minute Binaries
Also, as shown in this video, the risk to reward is skewed in my favor. In other words, for every $1 of risk, I am trying to make $2 to $3. This compensates for the losses that will occur when you are this close to a market. You need patience and discipline for scalping like this. If you are new to trading, take your time and learn the techniques on a higher timeframe until it becomes automatic (no thinking required).
Also, notice that I am using Trading View charts not the Nadex charts. I explain why in the video. The fee for Trading View Pro is about $30 a month (cheaper if you do annual) and forex data is free.