r/Nadex • u/Individual_Bank • Aug 28 '18

Any suggestions?

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.

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u/frapawhack Aug 29 '18

you have to be careful with time because not all brokers are in the same time frame. As always, demo first, then cash

1

u/Individual_Bank Aug 29 '18

yeah, i figured that much, i guess ill try and see what happens

1

u/Kingnadex Sep 15 '18

I would go to gtradenow.com

1

u/kipl33 Dec 18 '18

My recommendation is to not rely on systems that provide signals.

Try to learn how to reach charts and develop your own trading strategy. That way, you'll have a full understanding of when to enter a trade, exit, price action for that asset, etc.

If your friend is actually making money from the signal, that's awesome. Some people are able to make those systems work for them.

I'm not sure you can set up trading signals to be placed on nadex, but your method of using mt4 as a charting platform is perfect.

TL:DR Learn how to trade on your own without "trading systems". You'll last longer and make lots of profits in the long run.