Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
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.
Can you help answer these questions from other members on NexusFi?
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
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
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
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