Wow, you really should quit now with this flawed ridiculous argument. Sig has owned you since post 1. By the way, is that WD Gann in your avatar or do u just happen to look the same? surf
And what do you know about binary options? I been trading them profitably since 2003 when they were introduced by IG (parent company of Nadex) in London. I made six figures trading them back in the early days. Not so much these days. How much you and Sig made trading binaries?
Well, you have more experience than I do with them. I'll admit it. But Just because u can no longer find the edge thst enabled you to make 6 figures, does not translate to nadex being a BS exchange offering BS products. surf
If you think binary options can not be used to hedge, you know very very little about binary options. As a fact, binary options are much better tool for hedging. You are just too ignorant to talk on this topic. In Casino gambling you have disadvantage because the rule decides that house get better odds. In an exchange there is no house, anyone can take either side of a market. You can be a market maker if you want. If you always lose money, that is because you are bad in trading. At least you are bad in trading binary options. Binary options have wider spread because the odds decide the spread can only be that wide, or the other side will always win. That means the wider spread ensures either side has equal odds. But you need to take a proper strategy for binary, you can't trade it like you trade futures or stocks because it has wider spread. Generally, after you take positions, you don't exit, because the spread is wider, so your odds get worse in most situation if you exit. And betting on direction is usually a wrong way to trade binary options. That is the most I can say. If you always lose on binary, that is not because binary is bad, but because your way of trading binary is bad.
Then if you always profit from binary options, why you said this product is BS? And IG's binary options are different from what nadex offer, so I would take nadex's binary options as a standard. In fact, I have tried to reproduced binary options in CME options by either a credit spread or a debit spread, but found that both have much worse risk-reward ratio than binary options.
No one here has dealt with the parent company as much as i have. They cheated me many times. I was withdrawing 10K a day, this freaked them out so they put my bets on manual referral and then would change the odds while my bet was on hold and then reject my bets. They never refused to pay me my winnings, but they did play dirty. I would not trust them even if there is a firewall between the exchange and market maker. Even Sig said he experienced: "rejections in high volume markets which I've discussed with them and the CFTC and am pretty convinced was due to crappy software and a nontechnical executive team" Sig is being naive in believing them here. They spend massively on IT and software development each year to ensure that they don't lose money.
Even what you said are all true, that nadex did treat you, you have no point in saying the product is BS, and you have no point in saying the exchange is BS, only that the people who operate nadex is bad. So if the people are changed, the exchange is still good.
He can call it whatever the hell he wants. If you love that sht so much than go trade it...don't come in here trying to convince others.
The fact that you can make markets does not ease any concern that it's a bucket shop. So they let you be banker for a few rounds if you want to? LMAO. Come on dude, I dont want to explain this to you like you're a child. Are there real options being executed to back up these Nadex trades? No. At the end of the day, if these trades are not backed up by real options/futures contracts in the open market, then it doesn't matter if you're selling or buying with Nadex...you and Nadex and the other fools are in your own little bubble where Nadex dictates the terms. You're playing against them.
He can say whatever he wants, and I can say whatever I want. He can say something, and I can say I see no point is his argument. Get the logic? You really need logic. When I saw what you said I have no desire to reply because you words have no logic and I am sick of it. See what you said: he can say whatever he wants , and I can not say what I want. I can only trade it and not to come here to talk. What kind of logic is this? Your posts are always like wrote by someone who are deeply out of his mind.