Day Trading Bootcamp - A Strategy for Day Trading Binary Options

12-12:45pm ET

A Strategy for Day Trading Binary Options - Dan Cook, Nadex

The strangle strategy using binary options is a very simple ‘set it and forget it’ method using a combination of binary options. With this strategy, traders aren’t trying to determine a market direction; rather they’re simply looking for movement in either direction. As part of this strategy, Dan will discuss the concept of scaling, which involves a goal of locking in profits on a portion of the position and then aiming to achieve maximum profit on the rest.