220 wiring for an arc welder
I want to hook up a 220v arc welder. I have a 50 amp double pole breaker. The outlet is going to be placed within 6 feet of my breaker box. I believe I have to use 3 wire romex with a bare ground wire. Is this correct? Next, do I connect the black wire to one side of my breaker, the red to the other side of the breker, the white to the common bar in the breker box and the ground to the ground bar in the breaker box? Lastly, my receptacle only has terminals for 3 wires. Which ones go where and what happens to the 4th wire. HELP, THANKS..