Nadex 2017 - How To Research And Pick Trades

Hey guys, welcome back to the channel. And in this video, we're going to basically get into how we figure out what to trade and when to trade it. And, um, this is going to be more so pertaining to the Nadex system, um, in binary options trading. And one of my favorite sites to use, uh, it's free, it doesn't cost you anything, you don't need, uh, any, uh, trading signals or anything like that, is investing.com. And, uh, it's just a lot of information here. Um, I can kind of condense everything down, um, at investing.com and try to get a good idea what I want to trade as I put together my research. So As you can see here, I'm on the site and I clicked under the news section and then I clicked the Forex button here. As you can see at the top of the screen, and you just see all these various articles, these news stories. And this, this article just published 59 minutes ago, the US dollar down 1% against the yen amid flight to safety. So I'm gonna click on that article and basically just try to get an idea of what's going on, uh, you know, with the markets. Um, and, uh, you know, this is part of our research. This is what gives us an edge, uh, to know what we're trading and why we're trading it. Because, you know, a lot of problems I've had with the binary options trading is that, um, you know, a lot of it's just based on signals and movements of the market and things like that. Without understanding the fundamentals as to why the market is moving in such a direction. And I know some people, um, feel like it doesn't matter, you know, but as we covered in our, in our other videos about why people lose on binary options, you know, one of the things we covered was that we should treat it like a business. And if you treat something like a business, you don't just go in blindly moving up and down. You have a plan and you have a strategy and an understanding of how that business works. And so we need a little bit of that where we're trading binary options as well. And so, um, you know, basically if you're operating within the levels of, uh, minutes, yeah, that's true, you don't really have, um, a chance a lot of times for the research and the data to affect the market. In order for you to get your move, in order for you to, you know, be successful. But that's how come when we're trading on Nadex under our system, we don't do the minute options. We do do options that last out to a week. So there's ample time for this data to have an effect on our trading. So yes, within a minute or day or end of the day or hours, you may not, uh, it may not affect the market at that particular time. But if you go out about a week, you may find that a lot of this data and information and research does start to pan out. And that'll give us a chance on the Nadex to take profits or exit trades early or what have you. So that's, that's, that's the first way we're going to determine it. We're going to go and read here. And as we can see here, the, uh, you know, the US is, uh falling against the Japanese yen. So that basically tells us right there that the dollar is going down and the yen is going up. But, uh, that's just one, you know, thing we're gonna— we use. And what we're gonna do is we're gonna combine all this research into one thing. So let's see here, let's navigate over here to the markets. Um, so back here to forex. And let's see what other things we can get. So there's the US and Japanese yen. I'm gonna click on that, and I'm gonna try to get a little bit more data on the yen now that we got that news story going on the yen. But again, as in our Nadex trading, we're covering we're covering, you know, what to trade over a period of a week. We're gonna click here on this button. As you can see, it goes up to from 1 minute to 30 minutes to 5 hours to weekly or even monthly. We're gonna select weekly, and we want to try to get an idea of what the, the, the US dollar to the yen is gonna be doing, you know, over a period of a week. So let's see here, let's see what we got in our technical analysis. And as we can see, there is a lot of indications that the yen, or rather the US dollar, should be sold. As it's falling. But also what I look for is what it's gonna be doing over the next few days. Comments— I like to look in the comment section to see what the market's thinking, what other traders are thinking. So I'm just gonna look here and see what they're saying here. Interest rate today. So coming— my pin is triggered at 113.068. Okay, all right, I'm gonna go over to technical analysis here. We're back over there, rather. The weekly again. Okay, and so they are expecting that the dollar will rise over a period of about a week. Uh, and the summary is it's a strong buy. So that's, uh, this is one, this is one way we can gather some of our research. Like I said, I like this site because it kind of neatly puts everything, you know, in order over here. So Okay, see here, 95, 95. Yeah, this gives you guys some idea of what you're gonna be, you know, looking for. And I go through all the comments and things like that, but you can also, you can also you know, just go to the technical analysis part, you know, which, uh, you know, which, uh, we were just— page we were just at, that the technical, and that'll just give you the overall summary. But you know, the, the point, the point is, is to be able to go on more data and information than just, um, you know, if it's going up or down. You know, you, you want to understand the business you're involved in. And, uh, you know, we're getting an indication overall, the overall summary, uh, that it is a strong buy. And it seems to be corroborated with some of the comments of people. Let's take a look at some of the charts now. Let's see what the chart looks like over a period of a week. Look at that weekly. Yeah, and it does seem to be going up. Dollar. So that's basically, that's basically one way to get started on what to pick. You know, and, you know, start your trading, you know, over at the NATEX system. Another thing, guys, I'm thinking about doing is I'm thinking about doing a mass email where probably like every Monday I will be basically making all the trades I'm gonna do for the week available. You know, as I said earlier, I will only be on the Nadex system trading on a weekly basis, and I will also be sending an email as to what— if it comes to the point I want to jump out, I will be sending mass emails out to, uh, you know, persons who watch the channel or interested to know exactly if they want to follow my blueprint of trading and see if that works for them. And, um, I'll set it up as a little group, and I will only probably charge like $1 per month to be in the group and receive the emails. You know, I won't be, um, charging on any kind of financial advice or anything like that. Just basically sending the information out through email. Just the trouble or the time it takes me to send the email out to you guys once a month, I'll probably just charge $1 per month, you know, per person. And so I may be setting that up sometime in the future to do that. And, you know, basically call trades and, you know, you guys can try it out for just $1 per month. And if you don't like it, if it's not working for you, you know, then you can always, you know, get out of that. But I'm thinking about doing that and probably, you know, will make some of you guys' lives easier. You won't even have to worry about the research. You just, you know, you can just basically, you know, you know, message me here on YouTube in my message box and tell me that you'll be interested in that and something like that in the future. And I'll do all the research and I'll just send out an email to you all. Also, um, you probably want to use an email that, uh, is not part of your main email because probably when I send out the mass mailer, it's probably going to be one of those situations where other people can see your emails, you know what I mean? So kind of, kind of have to watch out for the spam and things like that. People trying to spam your accounts and things like that. Or I may just set it up as a website that you can log into and you can see what I'm gonna be trading on that Monday and what price I'm gonna, you know, get out. You know, I probably end up doing it something like that. But anyway, guys, I'll keep you guys posted on that. And if you have any questions about you know, how to do research, uh, you know, uh, please, or you, or you have any ideas about or want to make some suggestions, please feel free to leave it in the comment section below. Um, don't forget to like and subscribe, share the videos if other people are interested in binary options, and take care, guys.