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.