[Please Advice] I lost significant amount trading binary options with nadex

[bosslabs]

I apologize in advance as this is not a share, need advice from seasoned/experienced traders here please.

Do technical analysis, price action and fundamentals really work in making a trading decision? I am not sure what to focus on when trying to educate myself. Are there courses out there that really teach the real thing?

Also would love your input about nadex, I think they are regulated in the US. Please give your review about nadex and if there are other alternative good brokers in the US for binary/forex please let me know.

Thank you and have a great day.

[chipve]

pm me with your skype we'll talk. I'm trading for 4 years , i'll help you

[spenta]

Forex and option trades target the novice and drain them, you need to learn lot before you decide to trade sorry mate

[cchr]

Quote:Do technical analysis, price action and fundamentals really work in making a trading decision?

Yes they do work,.....Started trading in 2001, by then there weren't much 'wolves in sheep's clothing' offering holy grails of trading courses,.......today you can find plenty of those all around,.....In my humble opinion, you shouldn't trade binary options,...to me binary options are pure SCAMS. if you wanna be good on something, choose one way and stick to it: be a price action trader, or a fundamentalist, learn by practicing on demos first,...and when your demo reaches a couple of millions repeatedly, then and only then, open a live account. Get a trading diary and write all of your progress, trials and errors plus strategies, and remember practice makes perfect. Write your trading plan and stick to it constantly, use your stop loss wisely, and watch out for price manipulations, and fake breakouts. If you are trading in stocks, study the companies you would invest in, if you're in forex do your fundamentals first, in option well, you should know your delta. Learn from professionals with a solid track records, do not learn from wannabees who claim to be one. Never trade for the money, trade because it's fun, it is your passion, you will encounter losses sooner or later, learn to deal with your emotions, but most importantly, use a money management system that will make you profitable even in rainy days, this is the key of trading: Money management is your holy grail. Be prepared for every possible outcomes, with your fundamentals if done correctly. Start your journey with an open mind and do not fall for the get rich quick scheme.

[darthlee]

This is very useful. I have wanted to learn to trade in Forex for about a year. Do you have any recommendations to learning the basics. Everything that I get access to ask for several hundred dollars a month!!

[grert]

(12-21-2019 04:31 AM)bosslabs Wrote:  I apologize in advance as this is not a share, need advice from seasoned/experienced traders here please.

Do technical analysis, price action and fundamentals really work in making a trading decision? I am not sure what to focus on when trying to educate myself. Are there courses out there that really teach the real thing?

Also would love your input about nadex, I think they are regulated in the US. Please give your review about nadex and if there are other alternative good brokers in the US for binary/forex please let me know.

Thank you and have a great day.

I never traded nadex live. Opened a demo only. However, from reading posts of traders who used it with live money, there are a lot of problems with it even if it's regulated. First and foremost the fact that "whales" use their weight of money to manipulate trades in their favour. I guess like sports traders with big balances do on trading exchanges scalping the price to move the price in one direction and then buy or sell the other side.