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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) ?

  #31 (permalink)
Trading Apprentice
Indianapolis, IN
 
Futures Experience: Intermediate
Platform: North-American Derivatives Exchange
Broker/Data: Forexpros
Favorite Futures: forex binaries
 
lili's Avatar
 
Posts: 38 since Nov 2012
Thanks: 14 given, 21 received


wldman View Post
end of thread?

not quite, I think

I've been playing around "money-making" online since 2001.
Learned a lot along the way.
Took a voluntary break from it since 2006 because I was really busy doing other stuff.
Heard about binary options early this year and checked out a few of the "standard" offers/platforms.
Thought to myself "OMG, no way, that's the same old semi-illegal bunch at it from a different angle....."

But I am a curious person, so I dug deeper and my friend Google spit up this NADEX thing.

That one is completely different from anything else I've seen before!
1, it is fully legal to participate for US persons
2, they offer extensive education for free
3, you can have a free demo account for 2 weeks
4, you can start with just $100
5, you know exactly what your risk is for every trade
6, the fees are reasonable, just 90 cents per "contract"

So I signed up for a demo account and tried out some ideas that I had.
It took me two days to understand how to consistently make a predictable profit.

After the demo period was over I signed up for a real account and put the required minimum $100 in it.
I have been working with that "capital" ever since, just one little contract daily, trading for just the approximately 30 minutes that I can spare during my lunch break.

So far I haven't lost on a single trade.

The main thing I learned is:
You don't have to be able to predict where a certain index, currency, or commodity is going to head towards within an hour, or a day, or a week.
All you need to be able to predict is what the other people in the market will believe is going to happen within the next 15-30 minutes.

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  #32 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Free education on Nadex

check out apexinvesting.com they have a ton of free education on nadex
And a cool scanner for finding the right spread to trade


lili View Post
not quite, I think

I've been playing around "money-making" online since 2001.
Learned a lot along the way.
Took a voluntary break from it since 2006 because I was really busy doing other stuff.
Heard about binary options early this year and checked out a few of the "standard" offers/platforms.
Thought to myself "OMG, no way, that's the same old semi-illegal bunch at it from a different angle....."

But I am a curious person, so I dug deeper and my friend Google spit up this NADEX thing.

That one is completely different from anything else I've seen before!
1, it is fully legal to participate for US persons
2, they offer extensive education for free
3, you can have a free demo account for 2 weeks
4, you can start with just $100
5, you know exactly what your risk is for every trade
6, the fees are reasonable, just 90 cents per "contract"

So I signed up for a demo account and tried out some ideas that I had.
It took me two days to understand how to consistently make a predictable profit.

After the demo period was over I signed up for a real account and put the required minimum $100 in it.
I have been working with that "capital" ever since, just one little contract daily, trading for just the approximately 30 minutes that I can spare during my lunch break.

So far I haven't lost on a single trade.

The main thing I learned is:
You don't have to be able to predict where a certain index, currency, or commodity is going to head towards within an hour, or a day, or a week.
All you need to be able to predict is what the other people in the market will believe is going to happen within the next 15-30 minutes.


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  #33 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Hedging video


Go to this playlist has video on heading with Nadex much better with their spreads vs their binaries
daVinciLite View Post
All the trading forums are full of crabs that want to pull down any other crab that tries to crawl out of the bucket. They want to drag everyone down. That’s why I seldom post anywhere anymore.

There is a hedging video on the Nadex youtube channel. It gives a quick explanation on hedging. They need to do more stuff on hedging. I only found one video called: "Offsetting Positions"

I can't post links becaue I only have one post.

Good luck,

dVL


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  #34 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Pricing is easy

Simple read the price ladder on dailies to price them
Fat Tails View Post
I have no clue how to price a binary option, but I know that the one I am trading against has hired mathematicians for pricing them.

I am not convinced that I have an edge under these conditions.

If I cannot calculate the value of a binary option, I am just gambling.

I am not a gambler.


What do you think has been my conclusion?

- Saya tidak ingin membuat broker kaya -


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  #35 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Not expensive

The are priced great you just need to know how to trade them

Ie worst thing you can do is hold to expiration...buy at $10 sell at $30 that is 200% return...greed kills binary traders is holding out to make $90 at expiration

Fat Tails View Post
I have no clue how to price a binary option, but I know that the one I am trading against has hired mathematicians for pricing them.

I am not convinced that I have an edge under these conditions.

If I cannot calculate the value of a binary option, I am just gambling.

I am not a gambler.


What do you think has been my conclusion?

- Saya tidak ingin membuat broker kaya -


Lornz View Post
Ok

Just know that the way these products are structured makes them quite "expensive"....


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  #36 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Not understanding

The creators?? Who is that??
Nadex is an exchange they only make fees ...traders and market makers on other sides .... If you understand them which is not hard you can make a lot I'm up 5k in 3 months starting with only $250
Fat Tails View Post
I have a basic idea how to value an option, but this would not be enough to have an edge. But with binary options it is even worse. Those are just packages of different derivatives, which have been created to make the creators rich. If I trade them, I am certainly not getting value for money.

And then I do not touch things, which I do not understand.

Saya telah menghabiskan beberapa bulan di Indonesia.


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  #37 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Live

I do...I love them

Demo is like live except when other demo traders place orders it can make thing a bit odd
TheSeeker View Post
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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  #38 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Set market

Binaries are pure math

Other traders and market makers set inside to a point but it is derived from underlying and tied to black schooled type model

Nadex is an exchange so you ate 100% anonymous to other side (ie don't know who u ate if gettin in/out winning/losing)
Unlike bucket shops like bancdebinary


wldman View Post
the inside market?


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  #39 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

Bucket shop vs exchange

Their are bucket shop binaries ie Cyprus ec...but Nadex is exchange their binaries are completely different ...see why Nadex binaries video on the Nadex you tone channel under the application playlist
cedar View Post
[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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  #40 (permalink)
Membership Revoked
fort worth texas/usa
 
Futures Experience: Master
Platform: ninjatrader, tradestation, mt4
Favorite Futures: forex, futures, options
 
Posts: 13 since Apr 2012
Thanks: 0 given, 1 received

No stop loss


They have a bunch of new videos by apex on YouTube they do a great job at explaining the spreads and how to hedge
daVinciLite View Post
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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