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It is my pleasure to welcome Dan Cook @ Nadex for our 352nd webinar event, on Tuesday, June 14th @ 4:30 PM Eastern US.
The title for the event is "Trading For Life", and bullet points include:
- Dan Cook, 20+ year market veteran, has worked with 1000’s of individual traders over the years
- Learn unique insight into important patterns
- Why your trading plan (if you have one) is likely wrong
- Two key ratios you have to know and track
- Not just trading for a living, but trading for life
I am starting this thread to discuss Nadex. I have been using a demo for a couple of weeks to get used to the platform. Recently opened a live account. Want to discuss the good and bad about the platform.
My first impression:
There is a bit of learning curve. Understanding how the buy/sells work was confusing at first. They have some tutorials which were well done. For me, transitioning from a scalper to half day or all day holder has been a bit of challenge. However, it has been rewarding. The platform overall is good. Ironically, the mobile platform on the iPad (IMO) is better the web based platform on the computer. There are some subtle differences which does not make sense to me. I am hoping that @Nadex will be able to address these questions.
I have tried all three of the different types of trading vehicles:
Binary
Call Spreads
Touch Brackets
Currently trading the all day Binaries. Purely from a money standpoint it makes the most sense because the most you can lose on any trade is 100 dollars. I generally trade at the money binaries which make it near a 50/50 split. Meaning the most I can lose is around 50 dollars (+/- 10 dollars).
From a learning perspective, I believe the natural transition would be trade Binaries then Call Spreads then Touch Brackets. If you can find the right price, you can trade the Call Spreads with about a 50 dollar potential loss. However you generally have to be out of the money in order to get this which means you have to have a good feel for which way the market is going. The touch Brackets carry the most risk, (IMO) but have the biggest payoff. I had a couple of days on the demo account where I made 400 dollars on a single trade with less than 100 dollar risk.
The advantage is that I place a trade in the morning and watch it at work through my phone or tablet. I dont have to be a chart watcher.
My biggest complaint about the platform is trying figure out how much money you make/lose on a trade. Maybe I am just missing the obvious here. It would be nice if they just posted in the email they send you saying Profit/Loss: $$$. I will do a walk through to see if I can figure it out.
If anyone else has experience with Nadex, please feel free to join the conversation.
It is my pleasure to welcome back Dan Cook @ Nadex for our 360th webinar event, on Tuesday, September 17th @ 4:30 PM Eastern US.
The title for the event is "Trading Nadex Touch Bracket Contracts Sized Like Micro Futures", and bullet points include:
- Interested in trading index futures or underlying currencies markets?
- Nadex Touch Bracket™ contracts may offer several benefits as the newest weapon in your trading arsenal
- Sized with a tick value equal to a micro futures, or mini forex contracts
- Each bracket has a built-in floor and ceiling with no risk of slippage, no matter how crazy the markets get