Trading After Your Day Job? Advice For The Nighttime Trader

Trading After Your Day Job? Advice For The Nighttime Trader

Many people who start trading Nadex can only trade after they have put their time in at their regular daytime job. This article is for those nighttime traders. In other articles, it has been mentioned the importance of knowing what markets to trade during what hours.

Trading After Your Day Job? Advice For The Nighttime Trader
Trading After Your Day Job? Advice For The Nighttime Trader Getty Images

Movement in a market is always important. However, there are ways to be profitable trading the Nadex products whether the market is trending up or down, or simply remaining sideways.

A question from a new trader wanted to know if having a goal of making five percent daily was too lofty, especially since he could only trade after work. The five percent amount applies to account size. For example, if your account size is $1000, your goal would be to make $50 a day. Have that goal for a month before you adjust it.

The feedback he received was that five percent was not an absolute goal, but rather a guideline of when you can consider stopping for the day or, in this case, night. As the trader becomes more comfortable with his trading systems and trading in general, he could add more contracts.

Another suggestion for nighttime trading was to try Iron butterflies on Nadex binary options. Butterflies are a great strategy to use when there is little movement in the markets, as is sometimes the case when trading at night.

Other traders have had success in trading the London market when it opens at 3:00 AM ET. Depending on your time zone, this may work for you.

As a new trader, be sure to invest the time necessary for education. Learn all you can about the systems and strategies you are using. Demo trade until you are consistently profitable using your systems and strategies. It is a much cheaper way to learn!

The information contained above may have been prepared by independent third parties contracted by Nadex. In addition to the disclaimer below, the material on this page is for informational and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Please note, exchange fees may not be included in all examples provided. View the current Nadex fee schedule. Nadex accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representations or warranties are given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk and any trading decisions that you make are solely your responsibility Trading on Nadex involves financial risk and may not be appropriate for all investors. Past performance is not necessarily indicative of future results. Nadex instruments include forex, stock indexes, commodity futures, and economic events.

Nadex binary options and spreads can be volatile and investors risk losing their investment on any given transaction. However, the limited-risk nature of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.