Nadex 20 & 5 binaries

[Sig]

They dont even need to do that.

They just bucket all the trades by over pricing options.

Say they think the 'correct' value of a 5 minute binary bet is 75%.

They will price it 70-85. Knowing the gamblers who buy these products will be wanting to trade on the high probability event. Which they will have to buy for 85 if they want in on the action.

Even if they over priced it so bad that the 70 bet is actually a good price to sell, most gamblers wont sell the bet as the probability of success is less than 50%.

So why don't you participate in this!!!!! None of you have addressed this giant hole in your arguments. If they're mispricing or posting usurious pricing, and you can too, then you're idiots not to participate in making this free money! So far I've gotten a couple ignores on that, a shrug off, and some frantic attempts at misdirects. Anyone?

Southall, I really expect more out of you. You're generally a thoughtful, reasonable guy or gal who put's up useful and thought provoking posts. I have no idea why you're stuck on the losing side of this particular discussion and so doggedly sticking to these ever more ridiculous arguments, it makes no sense especially given your past contributions. In fact you and I have had more than one reasonable and helpful discussion about this before, why off the deep end now?

 

[Sig]

Calling mommy? lmao. I don't care if you promote Nadex....you can do that if you want...except you should be listed as Vendor if you do so. Otherwise, don't try to recruit people and shit. It was a clear violation of ToS. If they don't enforce it, all that will be left of this website will be you vendors recruiting each other.

You're an idiot. If I wanted to "recruit" sle I'd just send him a chat and ask him.

 

[koolaid]

You're an idiot. If I wanted to "recruit" sle I'd just send him a chat and ask him.

But you did it here...i quoted you. I mean we can go back and read it word for word:

I should have more accurately said you can take either side of any trade, and with a binary "selling" the long is the same as "buying" the short since it is binary. You and I can market make same as them all day long. If you haven't yet signed up for an account I highly recommend doing it for fun next time you have a slow day. I think it's a minimum $100 to fund and I think you'll find it fun to play around with. If 6% is usurious (I don't know where 15% came from, I always see a $6 or less spread) than its an opportunity for you since you can compete equally. You can even set yourself up with a FIX connection. I know you do this for a living and I'd love to have you on there as another MM!

 

[Sig]

But you did it here...i quoted you. I mean we can go back and read it word for word:

You've gotta have some connection with a vendor to "register" as that vendor. Based on my past experience with Nadex, which hasn't been altogether pleasant for them given I reported them to the CFTC, I'd imagine I'm one of the last people in the world they'd want repenting them and in fact I'd fully expect a cease and desist at best if I tried. So again, you're being an idiot, give it up.

 

[bbpp]

You can say a casino is a house,because it has privilege that other side of betting don't have.
That is , house always has higher odds than customers.
You can say binary options brokers are houses, because they only payout part of your winnings,which means you get unfavorable odds than brokers.
But you can't say an exchange is a house, because in exchange,no one has privilege more than other people.
Everyone in exchange has the same privilege. What a market maker can do, anyone else also can do.
I don't see how you can call it a bucket shop.
By the way, nadex binary correspond to induces futures, not induces themselves.
If anyone take this as a reason to claim binary are not real contracts, I doubt he really has much experience in trading binary.

When I was playing poker before 2004, I also saw some fishes claiming that poker is a scam.Because they were always losing, so they would never believe poker is a fair game, until they themselves make money from poker. Now the exact same thing happen here.
Anyone with common sense should understand, that a game would not be a scam if any player can take either side of the game.

 

[Overnight]

Anyone with common sense should understand, that a game would not be a scam if any player can take either side of the game.

Online poker CAN be a scam. And I suppose face-to-face poker can also. Players at an online table can collude to suck money out of the fish. I actually tried this in on a fake-money poker table with someone else, to see how it would work. We'd talk on the phone as we told each other what hands we had, saw the pot, what his bets were, etc etc. Bottom line, it was evil, but it can be done.

Watch the movie "Rounders". I am sure that does really go on in RL.

 

[bbpp]

Online poker CAN be a scam. And I suppose face-to-face poker can also. Players at an online table can collude to suck money out of the fish. I actually tried this in on a fake-money poker table with someone else, to see how it would work. We'd talk on the phone as we told each other what hands we had, saw the pot, what his bets were, etc etc. Bottom line, it was evil, but it can be done.

Watch the movie "Rounders". I am sure that does really go on in RL.

You mix up two different things.
Poker can not be a scam. This is one thing.
The people who are playing poker can make a scam. That is another thing.
These two are different.

I never said people who operate or trade in nadex can not make a scam. In fact I said if anyone find people in nadex cheat, he should complain to CFTC.

But the problem here is, some people claim binary options and nadex are scam.
Now you see what is the problem?

 

[Overnight]

You mess up with two different things.
Poker can not be a scam. This is one thing.
The people who are playing poker can make a scam. That is another thing.
These two are different.

I never said people who operate or trade in nadex can not make a scam. In fact I said if anyone find people in nadex cheat, they should complain to CFTC.

But the problem here is, some people claim binary options and nadex are scam.
Now you see what is the problem?

And now you are confused. I was simply alluding to your statement/point that poker cannot be a scam. It CAN be. I had nothing to say about Nadex.

Until now. I am kind of defending your position about Nadex, actually. They are probably the only US-Based broker one can trust to handle their binary option needs, because they are regulated by the CFTC. I never called out Nadex as a scam. That does not mean there is no skullduggery going on there. There is skullduggery going on in every exchange. But to call them a scam outright is wrong, unless you have proof.

I myself do not believe in the idea behind binary options, but that is really because I do not understand what they truly are.

You cannot go around calling a regulated US-based exchange a scam without proof. USA regulations are onerous, yes, but there is a reason for that. For the very reasons you are alluding to. (BuhBye FXCM)

 

[bbpp]

I agree with your point that binary and nadex can not be scams.

About poker, your examples only said people who are playing poker made scams. There are nothing to prove poker is a scam.

I will take another example:
There are football players who make a match-fixing game.
You can call that game a scam.
But you can't call football a scam.
If some people play match-fixing game, what needed to do is to punish these people.
If football is a scam, what needed to do is to repeal football game, so there will be no football game in the world.

In your example about poker, what needed to do is to punish related people, but not repeal poker game.
That is what I meant poker can not be a scam.

 

[Overnight]

In your example about poker, what needed to do is to punish related people, but not repeal poker game.
That is what I meant poker can not be a scam.

It seems this is a language-barrier issue at this point. I understand what you are trying to say, but you cannot articulate it to make it clear. No worries, I get what you mean.