Quoting 

Nadex is an exchange where retail investors can trade simplified, capped risk derivatives contracts on a wide range of global financial markets.

I found them via ads on futuresmags website,basically it's for trading options and from my understanding you don't need to have a broker to trade with them.

experience share is appreciated.

website: Binary Trading Options | Binary Trading | Nadex

SevenEightSix 

I found them via ads on futuresmags website,basically it's for trading options and from my understanding you don't need to have a broker to trade with them. experience share is appreciated. website: Binary Trading Options | Binary Trading | Nadex

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 -

Fat Tails 

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 -

siapa ajar kamu bahasa melayu?

it is not similar to options? I'm not sure how options work

SevenEightSix 

siapa ajar kamu bahasa melayu? it is not similar to options? I'm not sure how options work

I've seen you post questions about various CFDs "brokers", and now binary options.

Why don't you just open a futures account?

Lornz 

I've seen you post questions about various CFDs "brokers", and now binary options. Why don't you just open a futures account?

I have a futures account

SevenEightSix 

I have a futures account

Ok

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

SevenEightSix 

I found them via ads on futuresmags website,basically it's for trading options and from my understanding you don't need to have a broker to trade with them. experience share is appreciated.

I remember seeing something about this at Elitetrader a while back -- scroll down about 5 posts at the following thread for a first hand account:

Forums - binary options

SevenEightSix 

siapa ajar kamu bahasa melayu? it is not similar to options? I'm not sure how options work

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.

You can use a slight variation of Black-Scholes or a binomial model to price binary options.

Also, when it comes to binaries, if you have really great futures trading system, think about all of the times when you placed too tight of a stop, you got stopped out, and then you would have made good money in your futures position.

Additionally, you could use all kinds of variations on the martingale money management strategies to really take advantage of binaries.

If you are swinging for the fences with each binary trade, you will eventually lose everything in your binary trading account.