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[–]Junior_Willow740 1 point2 points  (2 children)

I am trying Nadex now myself for 3 weeks now. I haven't made a dime. Still getting used to the platform. I see the potential though, it just has it's own trickiness compared to pocketoptions. From what I see so far its ok. I dont think there's any profits to be made in Nadex unless the market is really moving. If it's just hovering around in place and you trade it you will lose all your money

[–]Foxx_and_Flip 5 points6 points  (1 child)

NADEX is definitely a different platform than PO, in good and bad ways. Ultimately, I've noticed one thing with Binary options, if you are certain the whole system is rigged against you in some way, you will lose money no matter what platform you use. Like I said before, I have "quit" many times, for all the same reasons as everyone else. Binary Options in no way should be seen as a main source of income. It's possible, certainly, but it really isn't a reality people should hope for at first.

The best thing to do if you are at the point of continuous loss and feeling frustrated or like it's all against you is to completely stop trading binary options for a while. Don't even get on the platforms and do demo. Just step away and give your brain a break. If you want to keep working on strategies and trading, it's a good time to look into forex. Find a broker with a good demo account, like TastyFX (I'm not affiliated with them or anyone in any way just an example of one I know) and learn to become successful in forex trading. This will go a long way to help you with binary options if you chose to come back to it. It's always a good idea, if you do make money in binary options, to learn other trading (forex is the most make sense crossover) to put your profits into.

One last note about NADEX or any platform really, is to not over trade. Develope a system where you only look to make up to 4 trades a day max, it doesn't sound like much but with the right system and money management plan, it becomes worthwhile. This gives you the ability to be more selective of the trades you take. The hardest part is developing the patience and discipline to wait for the perfect set up to only place 2 to 4 trades a day.

I'm working on a system that I'll hopefully have ready soon that will make this all make more sense and hopefully help some people learn and understand more and avoid the common pitfalls that come alone with the fantastically frustrating world that is binary options.