They seemed to have gone away, although I haven't been active for several weeks over there. The IG owned MM always has 200 contracts on each side, they have another MM who always offers 70 or 75 on a side, and the late comer was offering 20 or 25 on a side, I don't remember exactly what it was but it was small. It wasn't enough to really trade on, but it did seem to influence the others enough to make a difference, hence my wish for more market makers on the exchange.
This is an outrageous statement. By that measure, you could say that getting into your car and driving for the day is gambling. Do we consider it such? No. We could consider the jobs in our companies we have had for 20+ years as gambling. Do we expect to get fired or layed-off every day for those 20 years? No. Are we gambling our lives for 20 years, every day that we have the job? No. Gambling is simply not the same thing as having a steady plan. The markets are NOT GAMBLING! If you have a plan to work the markets, you are not GAMBLING! Just how if you plan to come in to work every day, you are not "gambling" with your job. You are working your plan of having a job. Just like how you are planning to be in the markets. Trading IS NOT GAMBLING! OMG.
It certainly is Sig. Love your comments in this thread. I will begin a live Nadex trading thread on Monday. Please join me.
I also had the same question over last few years and never got an answer "The Market maker and the exchange ( Nadex) is owned by same parent group! how is that allowed Didn't FXCM got told off by CFTC for similar arrangement so Is Nadex a true exchange? Or Nadex via it's own sister company is the counter party if this is true then all sort of red flags go up!
My experience suggests to me that it is indeed possible, more or less, using nothing other than moving averages and adaptive price range envelopes. This has also been my experience, but as of March 2019, I zeroed in on a system that removed a great deal of the difficulty with respect to Nadex's 5-minute (Forex) binary options. Starting tomorrow I'm planning to begin evaluating whether the system might not also work just as well with Nadex's 20-minute (U.S./Japanese Indices) binary options.
From Tuesday, April 16, 2019... After trading 20-minute binary options on Sunday and Monday, April 21 & 22... After having completed my Nadex Trial on Thursday, April 25, 2019
In attempting to come up with a successful trade strategy, I adopted the biblical principles of testing all things and holding fast to that which is good; and of knowing how to judge the signs of the times. This led me to reject the use of all indicators with the exception of moving averages and moving average envelopes. I began looking to enhance the system on Saturday, August 12, 2017, which led to what I presently call the Numerical Price Prediction (NPP) Forex trading system, though I recently found it works just as well with the S&P 500, Dow, and NASDAQ. The goal is to apply the use of technical analysis to make market forecasts in the same way meteorologists use computer models to forecast weather. This means noting precise, up-to-date, quantitative information about the current state of affairs at a given place and time, and interpreting the data to make accurate predictions, except instead of using air pressure, temperature, cloud location, wind direction/velocity, and humidity...I am using trend lines, market structure, average price ranges, historical support/resistance levels, and repetitive price patterns; or to be more specific, I am evaluating/interpreting how they all interact and relate to one another. As with numerical weather prediction, there are intrinsic predictability limitations that lead to error growth with time, so I apply this approach exclusively to intraday trading. Proprietary moving averages and adaptive price zone envelopes are used to simulate the equations, wave functions/representations, and grid point/spectral/coordinate models used in numerical weather prediction, as represented by the much simplified graphic I pasted below, which illustrates where I would typically purchase in-the-money 5-minute binary option put and call contracts with a near 100% success rate.