Day 1 beginning balance $500
This is an experiment to find out whether it is possible to grow a small investment of $500 into $500,000 using a simple strategy that i have learnt .I have on deposited into my bank of America checking account $500 which i will be transfering into my Nadex account.
If you wish to have an automated trading account that duplicates a professional trader click on the link on the right to set up your automated forex software!
It is Saturday afternoon and we will get started on Sunday evening morning when the Forex market opens.I hope you join me in this exciting journey!
So if you are ready to fire your boss here is a little motivation to get us started !
Friday, January 10, 2014
Thursday, January 9, 2014
Make money online -Anatomy of a trade
This section is for those of you who are new to binary trading .In simple terms a binary is a true or false statement.For example Facebook shares might be selling at $45 or more at 1pm on Monday .This statement will either be a true or false statement .
So let's say you bought a binary contract for Facebook shares >45 at 1pm Monday and the share price at 1pm is 45.03 , your statement is true and therefore your binary contract wins money .Below is a snapshot of a real binary contract with a true ending for a foreign currency pair traded on the nadex platform.
NADEX
Your Position has settled
Your position in the US 500 (Dec) >1802.1 (3PM) contract was settled on Tue Dec 10 15:00:03 EST 2013.
The details of your settled position are shown below for your reference: Settlement Details: Contract: US 500 (Dec) >1802.1 (3PM) Quantity: 1 Expiration Value: 1803.950 Payout Amount: $100
Your positions and account balance have been updated accordingly. If you have any questions, please contact Customer Service at 1-877-77-NADEX. Best Regards, The Nadex Team Phone: 1-877-77-NADEX (877-776-2339) Email: customerservice@nadex.com Website: www.nadex.com For more information go to www.nadex.com .
So let's say you bought a binary contract for Facebook shares >45 at 1pm Monday and the share price at 1pm is 45.03 , your statement is true and therefore your binary contract wins money .Below is a snapshot of a real binary contract with a true ending for a foreign currency pair traded on the nadex platform.
The details of your settled position are shown below for your reference: Settlement Details: Contract: US 500 (Dec) >1802.1 (3PM) Quantity: 1 Expiration Value: 1803.950 Payout Amount: $100
Your positions and account balance have been updated accordingly. If you have any questions, please contact Customer Service at 1-877-77-NADEX. Best Regards, The Nadex Team Phone: 1-877-77-NADEX (877-776-2339) Email: customerservice@nadex.com Website: www.nadex.com For more information go to www.nadex.com .
There are a few tutorial videos to walk you through on how to place a trade at Nadex.com
Wednesday, January 8, 2014
Make money online day 1
Beginning balance $500
Ending balance $524.50
After logging into my Nadex account and studying various forex charts , I decided that the Australian dollar vs US dollar will close above .9200 at 11 pm .I therefore purchased one contract for the Australian /US dollar 10 minutes before expiration time 11PM.
Your Order has been executed
Your order was executed on: Sun Aug 11 22:50:38 EDT 2013. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: AUD/USD >.9200 (11PM)
Expiration: Sun Aug 11 23:00:00 EDT 2013
Direction: BUY
Quantity: 1
Price: 74.50
After nervously waiting for 10 minutes my postion finally closed as true.My first win !
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Beginning balance $500 Ending balance $524.50
Tuesday, January 7, 2014
Make money online Day 2
Beginning balance $524.50
Ending Balance $600.00
Started the day bright and early .After reviewing charts I determined that the Euro/USD will be below 1.3300 at 7am .I therefore sold one contract at price $ 17.50 3 minutes before expiring time .
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At 7am .We have another winner !
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Monday, January 6, 2014
Make money online Day 2 continued
At 10.44AM , i picked on Australian dollar AUS/USD to be above 0.9171 at 11AM. Here is the order confirmation.
Your Order has been executed
Your order was executed on: Mon Aug 12 10:44:11 EDT 2013. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: AUD/USD >.9171 (11AM)
Expiration: Mon Aug 12 11:00:00 EDT 2013
Direction: BUY
Quantity: 1
Price: 66.50
At 11 am we had another winner !
Your Order has been executed
Your order was executed on: Mon Aug 12 10:44:11 EDT 2013. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: AUD/USD >.9171 (11AM)
Expiration: Mon Aug 12 11:00:00 EDT 2013
Direction: BUY
Quantity: 1
Price: 66.50
At 11 am we had another winner !
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Make money online Last trade day 2
At 12.36 pm i determined that the Dollar Japanese pair will go below 96.57 at 1 pm.I therefore sold one contract for US/JPY at $27.50.
Your Order has been executed
Your order was executed on: Mon Aug 12 12:38:53 EDT 2013. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: USD/JPY >96.57 (1PM)
Expiration: Mon Aug 12 13:00:00 EDT 2013
Direction: SELL
Quantity: 1
Price: 27.50
At 1pm it closed 96.504 .Yet another winner.Since i have some afternoon college classes i decided i had enough fun for the day for the day .
Your Position has settled
Your position in the USD/JPY >96.57 (1PM) contract was settled on Mon Aug 12 13:00:36 EDT 2013. The details of your settled position are shown below for your reference:
Settlement Details:
Contract: USD/JPY >96.57 (1PM)
Quantity: -1
Expiration Value: 96.504
Payout Amount: $100
Beginning balance $524.50
Ending balance $600.00
Your Order has been executed
Your order was executed on: Mon Aug 12 12:38:53 EDT 2013. The details of your matched trade are shown below for your reference:
Trade Details:
Contract: USD/JPY >96.57 (1PM)
Expiration: Mon Aug 12 13:00:00 EDT 2013
Direction: SELL
Quantity: 1
Price: 27.50
At 1pm it closed 96.504 .Yet another winner.Since i have some afternoon college classes i decided i had enough fun for the day for the day .
Your Position has settled
Your position in the USD/JPY >96.57 (1PM) contract was settled on Mon Aug 12 13:00:36 EDT 2013. The details of your settled position are shown below for your reference:
Settlement Details:
Contract: USD/JPY >96.57 (1PM)
Quantity: -1
Expiration Value: 96.504
Payout Amount: $100
Beginning balance $524.50
Ending balance $600.00
Sunday, January 5, 2014
Make money online Day 3
Beginning balance $600 ending balance $ 636.50
I started early again.My prediction strategy lead me to speculate that the British pound US dollar pair was going to be below 1.5460 at 7am.I therefore sold one contract 18 minutes before 7AM at price $10.50.
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