I saw on the NADEX notices page, they recently issued "notice of disciplinary actions" against several traders for seemingly trivial things like "failing to provide requested informaton". I was shocked they even fined these people sums of money ranging from $1500 to $2500. The amounts were small, sure, but seriously WTF is going on? I have never heard of a broker fining its own clients.
"Hey trade binary options with us, but if your phone number is incorrect we're going to fine you $2500."
... LOL!!! How can that even be legal?
submitted by So, I have taken an interest in Binary Options after I was watching a friend of mine trade them. He was using a broker that wasn't U.S. based (given he doesn't live in the U.S.) and MT4 with a software known as Binary Strategy. From what I've read, its really good at 15-min expiry times. As i was watching him trade, he was explaining how he was making a few hundred dollars every week using this setup. It intrigued me enough to want to try it, however, I've run into some snags along the way. Nadex seems to be the only broker that is reliable and honest, I dont want to try my luck with a broker not regulated under U.S. law or CTFC, but I haven't been able to find a way to receive signals on Nadex's platform, which leads my to believe that its not allowed. I was wondering if anyone had any input or suggestions on a better way to refine my potential method of trading. Essentially, my thought process was to use MetaTrader 4 for the charting, and use a signal software on MetaTrader 4 to receive signals, then translate the information manually to Nadex to setup and complete a trade. Im not very experienced in this realm of trading, I have dabbled in stocks before, and was also horrificly ripped off from coinbase from bitcoin and ethereum a few years ago, but ive decide to give it another go, try something new. IF there is anyone who can lead my in the right direction or some pointers, much appreciation.
submitted by Due to recent health difficulties, I can no longer hold a regular 9-5 job outside of my home.
So i figured a few months ago to work online. Plenty of slave labor work available online, but those won't cover my expenses (which i have minimized as much as realistically possible).
I opt into joining Nadex to trade forex (binaries/spreads) and after doing it for a few months, i feel that particular system isn't working for me (what you make is minuscule compare to how much you can lose). Basically, i am not comfortable in needing 2-4 wins to cover 1 lose. It's almost like gambling... and the odds are horrible. Put in $80 to win $20 sounds great, until you lose and realize you need 4 wins to make up that 1 loss. I fully understand the charts, market trends, etc, but its not if but when you lose... and it hurts.
I am wondering if PennyStocks are a viable option for someone to start with a few thousand. My goal is simple, make $50-$100 a day, 5 times a week. I'm sure this has been said a million times by a million other people...
Thank you for any information you can provide :)
submitted by Due to recent health difficulties, I can no longer hold a regular 9-5 job outside of my home.
So i figured a few months ago to work online. Plenty of slave labor work available online, but those won't cover my expenses (which i have minimized as much as realistically possible).
I opt into joining Nadex to trade forex (binaries/spreads) and after doing it for a few months, i feel that particular system isn't working for me (what you make is minuscule compare to how much you can lose). Basically, i am not comfortable in needing 2-4 wins to cover 1 lose. It's almost like gambling... and the odds are horrible.
I am wondering what are my options, with a small starting capital, when i'm looking at stocks, penny stocks, day trading, etc... There's a lot of information, and i did burn myself out after a few months of VERY intense research/work with Nadex and now i feel i am back at square 1 (or even square zero).
I guess i am looking for the next direction to take, but i do not know my options. Most brokers want $25,0000+, i can't do that.
From my research so far (only into it a few weeks for stocks/bonds/etc), it seems i need a LOT of starting capital to make any (decent) money. Is there really nothing available to someone with a few thousands and wants to grow it and then live off the profit? Nadex seemed like a good option, but the odds are rarely in my favors (i have taken the courses, practiced, practiced, practiced and then used the live account extensively).
My goal is simple, make $50-$100 a day, 5 times a week. I'm sure this has been said a million times by a million other people...
Thank you for any information you can provide :)
submitted by Hello, I am just now getting into trading/forex and have a couple questions.
One: I am in the US and am a looking for a repuatble broker. I've searched the forum and see people reccomending Nadex but it seems like a website for doing the actual binary trading and not as a broker. I am looking for a site that can sync with a tool (Mikes Auto Trader) so I can use the software to help with trades.
Two: Does anyone here use softwares to help with Binary Trading? If so, what have the results been? After seeing a lot of fishy programs and the most reliable service seems like Mikes Auto Trader. Anyone here use it or know someone who does?
Three: How do withdraws from my broker into my bank account work? Do I need to give the broker bank information or just a debit card number?
Four: How do I sync a broker with a Auto Trading System?
Sorry for all the nooby questions, there just seems to be a lot of unreliable infromation out there on Binary Options trading. Thanks for the help!
edit: I am in the US, and I've read that a lot of brokers dont accept traders from the US, so if anyone has any reputable ones that do I would appreciate it.
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submitted by Hello PF.
Long time lurker, first time posting. Looking for thoughts/opinions/advice on my financial outlook.
26(m) working as a teaching assistant right out of college (BA Child Development). Making $13/h (40 hr a week) and feel like I'm still living paycheck to paycheck. $600 savings in Ally online savings (thanks for the idea moving from BoA). $490 in Betterment ($300 in Betterment Roth IRA). Rent is only $325 (split with SO) and bills run roughly $80. CC debt of $2000 at 0% APR until Jan 2015 when it becomes 17.99%. Food is my only other expense and for some reason I feel like I am way behind everyone else my age on here in terms of savings and investments.
What should I do to catch up? How should I go about tackling my CC debt? Should I make minimum payments until the interest starts and use that extra $100-200 a month to throw into savings? Also, looking into possibly trading binary options on Nadex for a supplemental income, bad idea?
submitted by Nadex binary options are fast becoming the only choice for US binary options traders. This is a “How to” guide for trading binary on this unique platform. How to Trade Nadex Binary Options in 6 Steps. 1. Log on to Nadex platform. Sign up is simple and free, the minimum deposit is low at $250. The NADEX Indices Binaries options for the US 500 is based on the CME e-mini S&P 500 index futures (/ES). So our forecast for where the market is headed allows us to trade this NADEX binary contract with amazing accuracy. With our service binary traders are prepared to know exactly how to trade each day. These are the steps you take to trade binary option contracts based on stock index futures with Nadex: Navigate to indices in the binary options menu in the Nadex platform. You will see a list of indices along with the times you can trade on them. The time until expiration will be shown alongside each one. Binary options are short-term, limited risk contracts. On Nadex, you can trade binary options with different strike prices based on the possible probability of the outcome. Learn how to trade binary options and the ways you can use these contracts in your trading plan. Binary options trading offers the excitement of moving markets with pinpoint control. Choose to buy or sell - it’s simple to trade binary options on Nadex.
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