Using Nadex along side spot price to trade with minimal risk

I am off to a great start on my 10 day nadex challenge. I have close my first trade and now have a second trade on. I will be using several different strategies this week but the one I am using today is described below…somewhat…

Here is something to chew on…

Point blank. If I am looking at a Nadex eursd 8 hour spread from 7am till 3pm, I can go ahead and sell a position on nadex for 16 pips higher than the actual spot price and as long as price doesn’t reach the price that I sold it for, I make money. If the spot price does reach the nadex price, I can buy a mini lot in the spot market to cover for a break even trade and sell another nadex spread for even higher than where the spot price is at that time. If spot price reaches the second level of the nadex price, I can buy another spot, sell another nadex and hold onto it as long as price doesnt then fall to the floor. If price falls to the floor, I will then close my spot position for a loss but my nadex position is still on and profitable and as long as spot doesnt reach the price level of my ‘already placed’ second nadex trade, I am right about break even for the day or a little ahead.

It may seem a bit confusing but read over what I just said and think on it for a bit. (You have to already understand how nadex works before you will understand this.)

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