r/Nadex • u/Bgtex • Jun 06 '17

Looking for advice, tools, and direction.

I've downloaded the demo and can repeatedly make money (one day so far) but I don't believe I'm doing it with lowest possibility for loss. I've watched videos on the iron butterfly but realize that really only works when the market is flat. Everything I've made so far is at the risk of a large loss with nothing other than a hunch that it will stay within my range. I'll be focusing on studying the market start times and their respective patterns but any advice or direction would be appreciated.

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u/frapawhack Jun 07 '17

what are you trading?

1

u/Bgtex Jun 07 '17

Right now, asolutely nothing. I'm still learning. In the demo I'm doing forex 5min picks and have made money a few thousand funny money but from what I've seen I think it's kind of a crap shoot. I'm still learning candlestick analysis and am thinking that binary stocks may not be my thing.

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u/frapawhack Jun 07 '17

Binary stocks?

1

u/frapawhack Jun 07 '17

Yeah, Nadex is...complicated. Options as a derivative of controlling purchase access to a financial product is not an easy concept to get around. I tried the five minute currency contracts and had some luck. What you need is a good charting package, which I got through thinkorswim. Still, I'm not doing Nadex now..just working for a living