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Anyone heard or trading with Nadex (North American Derivatives exchange) ?
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Anyone heard or trading with Nadex (North American Derivatives exchange) ?

  #11 (permalink)
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I have been demoing Nadex on and off for around 3 months and let's just say that things habe been going very well.

Now I wonder how realistic their demo version is ? You know what they say, when it looks too good to be true...

Does anyone have a live account with them ?

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  #12 (permalink)
Trading Apprentice
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I was the New York Traders Expo yesterday and attended a presentation.

From what I understand, the options don't have much in common with traditional options. I mean there is NO time decay and NO volatility premium, they move lock step with their underlying instrument.

The options product just lets you 'bet' with limited risk and limited capital.

options expire daily, weekly. and even intraday.

I plan on creating a free demo account and see what develops. There are some interesting hedgeing strategies that can be developed.


Last edited by cedar; February 21st, 2012 at 09:15 AM.
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  #13 (permalink)
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Spoken as a guy...


with a pretty rich options background, I wish I'd have though of that.

As with all of my posts with this one especially, please read between the lines.

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  #14 (permalink)
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have seen mentioned on bloomberg here and there, probably better than etf's if true there is no slippage , not sure that's true

keep us posted

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #15 (permalink)
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Who or what sets...

the inside market?

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  #16 (permalink)
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"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter
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  #17 (permalink)
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wldman View Post
with a pretty rich options background, I wish I'd have though of that.

As with all of my posts with this one especially, please read between the lines.

[if i read your post correctly] after the presentation, for those of us who have read Jessie Livermore's biography, the image of a bucket shop comes to mind . If its true that 90% of the traders lose, it pays to be the house!

in all fairness, we as traders, all we do is make bets.

I think what nadex does, at least for the binary options is to allow a smaller retail account be able to trade the markets. for example, I believe 5 nadex options = 1 emini sp500 futures contract. so a trader can adjust the risk, trade 1/5 or 1/2 the emini. or be able to trade more volatile mkts like crude oil or gold with limited risk and limited capital.

no need for a broker, you open an account directly with the 'exchange'. with as little at $100

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  #18 (permalink)
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cedar...

I don't want to cloud up your view with my reality. There is no certainty that what works for me or what doesn't work for me will mean anything to you.

If I believed that Nadex was the place to trade I'd open an account there. You should do the same.

My simple response was that given my background I will not be opening an account there this afternoon. I was just asking that those contemplating such would consider the structure of the "market" and discover how and what is working for or against them.

When I suggest "read between the lines" I should provide a broader context. Here is a valuable mantra:

Be open and consider all things, evaluate them for what they are and the specific value that they provide to your end. RETAIN what is valuable and LET PASS without harm, that which is not valuable.

My statement that I will not be opening an account there this afternoon is all I will say about that. Guys can do their own research and make their own determination. My statement just means that it does not work at this time for me.

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  #19 (permalink)
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Trade ES with 10 point stop

Hello,

I am posting this to encourage anyone who is considering Nadex. The more volume traded better for everyone. Nadex’s “Bull Spread” will allow you to trade the underlying instrument WITHOUT a stop loss. You can laterally have a 10-point margin of error on an ES futures contract if you are properly hedge with an accompanying Nadex contract. Of course you have to pay for the privilege: The cost can be as small as one ES point for every ES contract traded.


If you don’t want to trade futures, you can just trade the “Bull Spread” on Nadex. The costs are very competitive and again - you have a defined risk.

The Nadex website does a poor job at explaining how to hedge...too bad.

I guess this stuff is only for the advanced trader....



Good Luck,

dVL

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  #20 (permalink)
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I had never heard about this until I came across this thread. I just opened a demo account to see how it works.

This post is neither a recommendation for or against trading with them., but rather my impression after a short review of their platform and website.

They are regulated by the CFTC. But then again, MF Global was regulated and we saw how well that turned out.

Their focus is on small traders. They have very small account requirements which can be wiped out in one trade.

It's very different from trading a regular futures or forex account, which could lead to an expensive learning curve.

You have a fixed maximum risk which is shown before you place an order. However that risk could be $500 per contract. If a small trader was concerned with limited risk, he might be better off trading a forex mini account.

It is an interesting concept and will appeal to some traders who want something more exotic than trading regular forex or futures accounts. My concern is that with low account requirements and complicated trading concepts a lot of small traders will pay a heavy price.

That's just my $0.02 worth.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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