Anyone who has money with Nadex should probably be follow the IG share price. https://www.google.co.uk/search?q=IG+index+share+price&gws_rd=ssl The 3 month chart is not pretty.
Serious traders take pride in being part of the capitalist system. The capital markets in which we trade help raise the standard of living for everyone. These short term Gambling products, 5 and 20 minute binaries, do not add anything of value to anyone except the firms who offer them, they don't even provide entertainment value for those losing money in them.
Sig, Do you make a living trading Nadex or something? Is it your lively hood on the line here. Let me know and i will stop posting.
I run a successful software company completely unrelated to Nadex, but thank you for your concern. Do you make a living working for one of Nadex's competitors? Because I can't see you demeaning yourself with these ever more desperate and ridiculous posts unless you're getting paid to do it! If so let me know and I will stop posting. You know you've got some nerve, you who have done nothing to address the problems you bring up but throw stones on a bulletin board. To accuse me, someone who's taken concrete steps to make things better, of being a shill! You with your self-righteous "Serious traders take pride in being part of the capitalist system." bullshit after admitting you gamed the crap out of GAIN and the rest when they first introduced binaries (as well you should have, I consider that good work!). Go through and read this thread from the beginning, better yet ask your spouse to, and see which of us comes across as reasonable and accomodating and which one comes across as a frothing and desperate. Again, you're much better than this. What's gotten into you?
If Nadex started offering bets on Horse Racing i bet you still wouldnt call them a gambling website. You know IG actually used to have a single website that did Binary Financials and Binary Sports betting side by side. (extrabet.com) I used to make money on it.
If CBOE or NYSE came out with 20 minute binaries would you call them a gambling website? See how ridiculous your posts are when you see them from the other direction? Since Nadex is CFTC regulated (for the 20th time!!!) they wouldn't be able to offer horse racing without losing that designation. In fact the company GAIN bought to form Nadex, Hedgestreet, ran into difficulties trying to list event binaries on things like election results and couldn't get them past CFTC. At the point Nadex lost CFTC regulation they would indeed be a gambling website. Happy? Also, if aliens took over the world and forced the CEO of Nadex to start offering bets on ant fights, they would also be a gambling website. See how you can make up unrelated hypotheticals all day long? You haven't answered really any of my questions starting from the first one though, and I've answered all of yours. Don't you feel just a little bad about that? Why don't you start with the last one, since just like you're fully aware that I don't have any connection to Nadex I'm pretty sure you don't work for one of their competitors. But just answer the question anyway, to be fair and all.
Why do you put so much emphasis on CFTC regulation? The CFTC couldn't even stop MF Global from blowing up. And the SEC allowed Madoff to operate for years. All these regulators are useless, they used to spend all day jerking off to porn. You need to look past the regulator and look at the entity and how they operate. And i have repeatedly told you about the fact that they are the exchange and also the main market maker and how this an obvious conflict of interest, even though they have ticked all the CFTC boxes (which means jack given the CFTCs history of failures).
You steadfastly refuse to answer any of my questions. How rude when I've answered yours, and how typical of someone who has no sound points! Especially egregious when you accuse me of being a shill but refuse to answer about your own employer! You do see how it makes you very ineffective when you just shuck and jive around, you're clearly not interested in a serious discussion, but instead intent on some kind of witch hunt. So let's stop here. When you've addressed all the questions I've asked I'll be happy to continue the conversation. I think there are about 15 of them that remain unanswered and unaddressed at this point. After you've answered all the questions I've posed, I'll be happy to address any unaddressed issued you've brought up. If you need me to iterate them for you I'd be happy to do that for you. Until then, you can dance around all you want and we'll all be entertained by it.