****Official NADEX Options and Spreads Trading/Information Thread****

King_of_Posts

Rising Star
BGOL Investor
Brief Background

I'm going to break the information into different posts along the way to prevent a Colin moment. I may consolidate them at a later point if it's preferable to those interested.

I am a NADEX trader and have been trading NADEX options/spreads for about 6 years now. I went to school for engineering but this obviously has nothing with that profession.

NADEX stands for North American Derivatives Exchange and is based here in the United States....Chicago to be specific and is regulated by the CFTC (Commodities Futures Trading Commission). Their operating capital and your deposits are segregated. They use Fifth Third and BMO Harris banks. They issue you a 1099-B in January for tax purposes. Everything is on the up and up and this is no fly by night overseas bullshit bucket shop where you'll have trouble getting your money out.

platform site:
www.nadex.com
 
Last edited:

King_of_Posts

Rising Star
BGOL Investor
Deposits/Withdrawals

Deposits can be made via bank wire, ACH transfer from a U.S. checking account, or by using your debit card (the fastest method). The minimum to fund a real account, as opposed to a demo account, is $100. Also, in order to place a trade, you have to have at least $100 in your account. Obviously, you should fund a real account with more than that so you have a real chance of making some money.

Also, if you use your debit card, you have access to your funds instantly. When you use a bank wire, you'll have access to the funds within a few hours after they receive it. If you use ACH bank transfer, you'll have access to your first $500 and anything above that will be available in 3 days or so. They want to make sure the funding amount clears.

You have two options when withdrawing your money.

1. ACH bank transfer. It is free to use this method no matter how much money you pull out. The process takes 2 days. For example, If you make the transfer request on a Wednesday morning or afternoon, then the funds will hit your account Friday morning.

2. Bank wire. If you choose this method...then the money will hit your account the same day if done by 4:00pm eastern time. It does cost a flat fee of $25 though.

Your wire and ACH bank transfers are INSTANTLY approved. No bullshit waiting period or worries that it might get cancelled. If you have the money in your account, you can pull it out at ANY time no matter how much it is. No cryptocurrency or overseas type fuckery. Your money is YOUR money and you have access to ALL of it ANY TIME you wish.
 
Last edited:

King_of_Posts

Rising Star
BGOL Investor
Verification

Before you can withdraw money, you have to verify your bank account and debit card with them. This is how it's done:

1. Make a deposit of at least $100.

2. After you make said deposit, wait until the transaction has posted (is not pending in your bank account).

3. After it has posted, you can send a screenshot to their support staff and they'll usually approve it the same day. This will be the account you withdraw your profits to so they wanna make sure it's correct.


That's about it. I never had to send a pic of my passport, drivers license, social security card, etc. Minimum verification.
 
Last edited:

King_of_Posts

Rising Star
BGOL Investor
Demo Account

NADEX offers free demo accounts funded with $25k so you can practice. You can set those up at nadex.com and it's pretty straightforward. Accounts funded with real money have a navy blue background and demo accounts have a green background. It's pretty easy to tell them apart.

Real:
real-background.jpg


Demo:
nadex-demo.jpg
 

King_of_Posts

Rising Star
BGOL Investor
My Personal goals/results

My current goal is to make at least $500/day.......$2,500/week...........$10k/month. These are minimums. Sometimes I make A LOT more and sometimes I make a little less. The overall goal is to hit that 2.5k/week when it's all said and done.

I'm self employed and have no office to report to, no boss/coworkers/subordinates, no dress code, no performance evaluations, no workplace politics. I do not require clientele to survive because I'm not performing a service or trying to sell you shit, work when I want and where I want. All I require is the internet.

I made $2,518.25 this week and requested a wire transfer to my Suntrust account. I don't usually do wire transfers because they aren't free (Costs $25) but I forgot to initiate an ACH bank transfer on Wednesday. If I had done so, the money would have hit my account this morning for free


My withdrawal request from NADEX for this week's profits: (Oct 22-26)
withd-nad.jpg



Screenshot of the wire hitting my account today:

sunt.jpg

The RNATION transaction is me reupping my BGOL account today as well.


 
Last edited:

King_of_Posts

Rising Star
BGOL Investor
Also, for those familiar with FOREX or crypto trading.....you can use your preferred charting software (I prefer www.tradingview.com) for technical analysis.

Don't know how to read/use candlestick charts yet? A great place to learn is by going to www.babypips.com and do some research. Investopedia also has a wealth of info.

I can answer some questions when it comes to tech analysis and charting in general....but it's best you make trades (real or demo) yourself because styles are really up to the individual. You HAVE to trade yourself to see where your risk tolerance is. What works for me might make you uncomfortable and vice-versa.

Like I said earlier, take advantage of the FREE demo accounts NADEX provides for practice trades.
 

p5ych3

Curry Is My God
BGOL Patreon Investor
Nice!!! Been learning forex and getting more comfortable making trades on a small account. will see how this compares.
just like you i plan to leave the 9-5 world and i really think things like this offer a great opportunity once you get good at it.
 

King_of_Posts

Rising Star
BGOL Investor
Nice!!! Been learning forex and getting more comfortable making trades on a small account. will see how this compares.
just like you i plan to leave the 9-5 world and i really think things like this offer a great opportunity once you get good at it.

It's worth it man. I'm gonna post some of my results and some trades I've made and answer questions from those who are interested in trading as well. If you're familiar with FOREX, then the transition to NADEX will be pretty smooth
 

King_of_Posts

Rising Star
BGOL Investor
So which markets are you trading in?

I primarily trade currency pairs. My two favorite are the EUR/USD and AUD/USD although I'll trade others if charts are showing good signs.

My favorite time frame is to trade is 1 hour. Time frames for some markets go as high as weekly and as short as 5 minutes. In my opinion, 5 minute trades are basically gambling and it's only a matter of time before you get your ass handed to you on a plate. It can be fast money in spurts......but the vast majority will lose in the long run
 

King_of_Posts

Rising Star
BGOL Investor
It's Sunday evening and trading has just opened up (6pm EST) on the NADEX platform. If interested, now is the time to check out the platform and see how it works. Whether you want to use a real or demo account (I suggest demo if you're unfamiliar). It is open 24hrs until Friday 4pm.
 

King_of_Posts

Rising Star
BGOL Investor
KOP Thanks for putting this up. It's worth checking into.

No doubt. I'll try to keep it going by posting links and showing some of my trade results and withdrawals and answering questions. This shit is regulated, base here in the US, and much better than crypto trading without all the hoops you have to jump through. Hopefully it'll pick up but if not, I'll just continue to show my progress and it'll just serve as a journal of sorts over time.
 

alexw

Unapologetically Afrikan!
Platinum Member
5 star posting!
i have a nadex account that i used for binary options
is that the same thing youre referring too?
i did well on the demo account and then got my ass handed to me when i went live
naturally i quit...this was about 4 yrs ago
 

King_of_Posts

Rising Star
BGOL Investor
5 star posting!
i have a nadex account that i used for binary options
is that the same thing youre referring too?
i did well on the demo account and then got my ass handed to me when i went live
naturally i quit...this was about 4 yrs ago

Yessir, that's what I'm talking about. The site itself and youtube channel has A TON of resources for those willing to learn.

Fire up the demo account or create another and see if you can replicate that success again. Do some more research and possibly do some trading on a real account. There is money to be made here. Don't get discouraged......I blew my account the first and second time I went live. It just proved that I wasn't quite ready yet.
 

alexw

Unapologetically Afrikan!
Platinum Member
Yessir, that's what I'm talking about. The site itself and youtube channel has A TON of resources for those willing to learn.

Fire up the demo account or create another and see if you can replicate that success again. Do some more research and possibly do some trading on a real account. There is money to be made here. Don't get discouraged......I blew my account the first and second time I went live. It just proved that I wasn't quite ready yet.
i dont know man
i lost about a g
whats the secret to your success?
at this point you have to use a certain strategy that you stick to
 

King_of_Posts

Rising Star
BGOL Investor
i dont know man
i lost about a g
whats the secret to your success?
at this point you have to use a certain strategy that you stick to

Sounds like you went too big too fast. Matter of fact, I'm almost positive you did. Stick to the demo for a while. They start you out at 25k and that's plenty to play with. Open a real account so you can compare your trades on both to see if you would have won if it were live.

Keep a log of your trades so you can see what you did right and wrong. Sounds like it can be a bit tedious, but it's not so bad once you get used to it. It makes sense so you can go back over your trades and develop strategies.

Personally, I don't trade anything under an hour. This gives me time to look at the charts and even hedge me trades or get out while cutting my loses. Also, I rarely trade more than 1-2% of my total account size unless something is looking really good.
 

p5ych3

Curry Is My God
BGOL Patreon Investor
i dont know man
i lost about a g
whats the secret to your success?
at this point you have to use a certain strategy that you stick to

that and not just run after a few losses. most do like a 100 trades with the strategy and then look at the win lost rate.
my failings in forex was running to a new strat after a couple losses. now i've become more patient and waiting for the rules of the strat to play out before jumping in.

some years back we had a trading challenge thread that was very active. maybe we need something like that to learn the ins and out of binary options and
 

King_of_Posts

Rising Star
BGOL Investor
that and not just run after a few losses. most do like a 100 trades with the strategy and then look at the win lost rate.
my failings in forex was running to a new strat after a couple losses. now i've become more patient and waiting for the rules of the strat to play out before jumping in.

some years back we had a trading challenge thread that was very active. maybe we need something like that to learn the ins and out of binary options and

Solid strategies should stand up to being back tested. I usually do this over the weekend when the markets are inactive. I look at entried that I made or would have made to see if they would have been profitable. The best way to learn is to develop a style on your own and possibly ask questions. That's how you develop your own instincts and risk tolerance. If you try to trade by just being fed signals by a person or some service, you'll never learn and if that person or service goes away, then you'll not be self sufficient and possibly blow your money in the interim. It takes time but can be done.

I'm not posting my profits to brag at all, just to show that it isn't a scam and can be done.
 

King_of_Posts

Rising Star
BGOL Investor
Placed a few trades today and my profit was $902.25

This was the largest/most profitable trade today:

1settle.jpg


It says the payout was $1,600 but I purchased the 16 contracts at $60 each.......so that leaves $40 profit on each. One contract is $100

40 x 16 = $640

minus $32 for contract settlement fees

So total profit off this one trade was $608

I placed a few more and profited $80-$100 to bring my total to over $900. I also placed 3 trades that I lost money on but all that has been factored in. EVERYONE will lose some trades no matter how good you are......just have to have more good days than bad.
 

King_of_Posts

Rising Star
BGOL Investor
Placed just one trade today for a daily profit of $1,740


Here's the trade that just ended a few minutes ago:

2.jpg


I purchased the 60 contracts @ $69 each.....leaving $31 profit for each contract.

$31 x 60 = $1,860

Minus $120 in contract settlement fees

Total profit: $1,740 for the day. This was my only trade today.
 

King_of_Posts

Rising Star
BGOL Investor
Cut the week short so I could get back on my usual 5-day withdrawal schedule (request Wednesday and in my account Friday).

My (WIRE) withdrawal request from NADEX for this week's profits: (Oct 29-31) requested Wednesday Oct 31st:

w2.jpg




Here is the wire request hitting my account today (Wednesday Oct 31st):
s2.jpg
 
Last edited:

King_of_Posts

Rising Star
BGOL Investor
I usually request ACH transfers on Wednesday and it hits my account Friday morning. But since I requested a wire last Friday, it threw my schedule off. I'll go back to just using ACH since it's free.

I made $6,097 in just 8 days of trading. There is A LOT of money to be made without a million hoops to jump through like you have to do with cryptos. Y'all need to research and jump on this shit......I'm living a good life.......better than I ever did as an engineer. You can even do some trading on the side to supplement your square gig or eventually transition to trading NADEX as your main way to make a living.

I made a few dollars buying shares of Ripple when it was worth less than a penny......but that ship has sailed and isn't going back.
 

King_of_Posts

Rising Star
BGOL Investor
Australian trade balance results were presented and caused a spike in the AUD/USD currency pair. As a result, I made $540 off this one trade a few minutes ago:

t3.jpg
 

alexw

Unapologetically Afrikan!
Platinum Member
man i think im going to get back into it. apex has a training course for $300 that i just might purchase
if i lose another g tho im done with this shit forever
 

King_of_Posts

Rising Star
BGOL Investor
Apex is major in the NADEX community. I've never taken a course but I have only heard good things about them. They also have a bunch of webinars on the NADEX website also
 

King_of_Posts

Rising Star
BGOL Investor
Im still doing just fine, there was minimal interest and responses to the thread so i fell back.

The crypto thread still popping from time to time and there is basically no money left to be made. I dont understand that
 
Top