FAQ Guide – Getting Started with CRANKER – NADEX 20 Exp Binary Options System
In trading, addressing common questions upfront clarifies the path to effective use, much like reviewing fundamental chart principles before applying advanced patterns. The CRANKER – NADEX 20 Exp Binary Options System, as detailed in its educational materials, focuses on a mechanical price action method for NADEX 20-minute binaries, emphasizing consistent netting through sequential trades. This post expands the system’s frequently asked questions into structured educational sections, breaking down each with steps, examples, and practical tips. By working through these, you’ll gain a clear starting point for learning rules, practicing entries, and achieving repeatable results without software or guesswork.
Section 1: What is CRANKER and How Does It Fit into Binary Options Trading?
CRANKER serves as a home study educational course that teaches a specific method for entering NADEX 20-minute binary options trades to aim for net profits on a consistent basis. It stands out as an approach centered on clear, mechanical signals derived from price action, with no need for indicators or complex analysis – you simply follow the rules to generate trades that accumulate positives over a series.
To understand its role:
- Recognize it as a teaching tool: The course explains how to identify entry triggers on 1-minute charts, targeting at-the-money (ATM) strikes for balanced 50/50 risk-reward, making it accessible for daily application.
- Note the flexibility: Trade for any duration that suits you, such as one hour or six hours, while maintaining consistency in your chosen time to build routine – the system delivers ongoing signals without real-time guessing.
- Example application: On November 3, 2020, for US Small Cap 2000 (RTY), a full-day sequence netted 20 (43 wins minus 23 losses across sessions), yielding $1,000 per contract or $10,000 on 10 contracts, illustrating how the method nets out over repeated trades rather than isolated wins.
This section grounds you in the system’s purpose, teaching that success comes from repetition and education, not automated tools.
Section 2: How Does CRANKER Work in Practice?
The system operates by providing exact rules through video lessons, allowing you to read price action directly from charts without indicators, then execute entries on NADEX 20-minute binaries. It emphasizes hammering out trades in sequence to net profits, favoring ATM options or slightly in-the-money when conditions warrant, and skipping suboptimal setups to focus on volume.
Step-by-step breakdown:
- Learn the rules: Study the videos to spot triggers based on a core price action concept – no hands-on tools needed, just the chart, which you can apply to other areas like futures or stock trading for added versatility.
- Build confidence historically: Review past price action, simulating entries by watching sequences and selecting strikes as if live; for instance, on November 4, 2020, for YM futures, a full-day net of 33 (46 wins minus 13 losses) showed $1,650 per contract, highlighting how series of trades accumulate edges.
- Practice with demos: Use a demo account to test real-time execution, noting that demo pricing may differ slightly from live – aim for timely entries on ATM strikes, skipping if price moves too fast, as there are always more signals.
- Focus on sequences: Take all trades in a row within your session to leverage the design for netting profits; avoid picking and choosing, as the system is built for overall positives, like the December 11, 2020, RTY example netting 28 ($1,400 per contract) from 47 wins and 19 losses.
By following this process, you create a mechanical routine that simplifies trading and extends to broader strategies.
Section 3: What If CRANKER Isn’t Delivering Results Right Away?
If initial attempts fall short, the key lies in actively working the system through practice and refinement, as individual results depend on execution skills like spotting triggers and selecting strikes promptly. Remember, this is an educational product focused on teaching methods, not a guaranteed outcome or software – approach it like learning a skill in a structured course.
Steps to address challenges:
- Practice entry mechanics: Dedicate time to demos or historical reviews to improve timing and confidence; for active traders, this system suits those ready for frequent trades, as seen in the March 10, 2020, 2-hour session netting 11 (17 wins minus 6 losses) for $550 per contract.
- Gain familiarity: Results improve as you get used to the rules – experiment with session lengths matching your attention span, and calculate nets like the November 2, 2020, YM full-day net of 22 ($1,100 per contract) to track progress.
- Seek alternatives if needed: Ensure full understanding first; if mismatches persist after practice, explore exchanges for better-fitting educational materials, but prioritize mastering the original to build foundational skills.
- Maintain perspective: View the investment as education toward potential long-term capability, such as scaling from one contract to 10, where a net like July 23, 2020’s 16 on RTY yields $8,000 on larger positions through compounded growth.
This section equips you to overcome hurdles by emphasizing persistence and proper application.
Section 4: Additional Tips for Getting Started and Maximizing Value
Beyond the core FAQs, incorporate these practices to enhance your start: Begin with short sessions to test the waters, track your sequences against historical benchmarks for improvement, and extend the price action concepts to non-binary trading like Forex or options for comprehensive skills.
In summary, this FAQ guide for getting started with the CRANKER – NADEX 20 Exp Binary Options System provides direct answers expanded into teaching sections on its nature, workings, troubleshooting, and tips. By studying examples like the November sessions and practicing mechanically, you establish a routine for netting consistent profits. Review the materials thoroughly, apply the steps daily, and build your skills progressively for effective trading.
