Dipping Into Crypto With Nadex Mini Bitcoin Spreads

Dipping Into Crypto With Nadex Mini Bitcoin Spreads 1

Dipping Into Crypto With Nadex Mini Bitcoin Spreads

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Trade Bitcoin Without Getting Stopped Out

Trading Bitcoin with a Nadex spreads gives traders the risk protection of a stop loss, without slippage and without being taken out of the trade before they decide to exit. If the underlying price goes below the floor of the range of the spread, the spread doesn’t keep losing money. The built-in floor limits the maximum loss, so a stop loss isn’t necessary. Traders cannot get stopped out. Instead, they are able to stay in the trade and wait for the market to turn back in the desired direction. Or, exit with no more than the maximum loss. If it is a profitable trade, traders can always exit before expiration.

Spreads Move With Tick By Tick Correlation

Binary options have an all-or-nothing payout at expiration. Nadex spreads move with the underlying. When the market moves up or down, the spread price moves in close correlation. Nadex spreads offer the same price action as conventional markets. However, because of their built-in floor and ceiling, traders cannot expect unlimited profit potential. Instead, they offer risk protection and staying power.

Trade Bitcoin

When traders choose to trade Nadex Mini Bitcoin Spreads, they are trading the price of Bitcoin without having to own Bitcoins, which are settled in US dollars. Traders can also take advantage of price drops as wells as rallies by short-selling or buying Bitcoin Spreads. When traders utilize Nadex for trading Bitcoin, they are able to keep their risk-reward within a defined range. One limit is the profit target. The other is the protection against limited losses. Nadex offers free practice with a simulated $25,000 unlimited demo account. Try out the Mini Bitcoin Spread contracts risk free, to decide if this is a market ideal for a particular trading style.

Article Produced By
Darrell Martin

Benzinga Contributor

Darrell Martin coined the phrase "Diagnostic Trading." He defines "Diagnostic Trading" as looking at how fundamental, technical, statistical, and seasonal traders look at the market and then using that knowledge to help more accurately establish a trading plan. Darrell is the the host of his daily radio show "The Diagnostic Trading Hour" and a cohost of the "Bull/Bear Binary Hour" with Steve Rhodes and Tommy O'Brien. He also conducts webinar and live training courses on futures, forex, options, equities, Nadex binaries and Nadex Spreads. He is an official educational partner of the Nadex CFTC regulated exchange in Chicago.

https://www.benzinga.com/markets/binary-options/18/03/11305489/dipping-into-crypto-with-nadex-mini-bitcoin-spreads

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