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Nick W.

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  • 1 Helpful Vote
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Experience: Finance

Member since May 2017

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1 Review by Nick

It's obvious that trading can be profitable. But it's hard to identify tops and bottoms which is often necessary to make good money trading. Nadex offers an alternative. With Nadex binary options, you predict if a particular stock index, commodity, or forex pair will be above or below a certain price at a future date, the expiration date. If you think it will be below that price at expiration, you sell, if you think it will be above you buy. If you're right, you get the specified payout, if you are wrong you lose everything you invested. I don't agree with those that say this site is a scam. Nadex is CFTC regulated and it plainly says on the Nadex website that they don't take the other side of customer trades. Most binary options providers are not CFTC regulated and do take the other side of customer trades, which is why the binary options business gets a bad rap. Nadex also has spreads. Spreads offer the protection of a stop loss without actually stopping you out. Finally, Nadex offers a free simulated account so you can practice without putting real money on the line.

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