If you trade Stocks, Options, Futures or Forex, every decision starts with your opinion about the direction of the market you are trading. Is the market on an uptrend, downtrend, or is it trading sideways? Once you have determined the direction of the market, then you must decide which trading strategy gives you the best edge. Is it a trend-following strategy, or is it a scalping/fading strategy for a sideways-moving market? Finally, how do you manage your trade to minimize your risk and maximize your gains? What are the best entry opportunities? Where do you place your stops and take profit targets?
Trading involves risk, which needs to be carefully managed. If you trade heavily leveraged instruments like futures or forex, it is possible to lose substantially more than your initial investment. On January 15, 2015 the Swiss Franc “flash crash” blew through stops and caused many Forex brokers and traders to incur huge losses. Sudden market moves routinely stop-out trades, which can be a source of frustration for many.
If you want the certainty of trading in an environment where your maximum risk and reward are known in advance, then Nadex binary options and Nadex spreads may be the instrument that is best suited to your trading personality.
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