dayum... this is the most monetarily exhilarating and refreshing post Ive read. Im bought in now to Nadex.. I will open account with Nadex now. I will still have my betonmarkets account for the 30 seconds expiry... but use Nadex for long term trades. Ray, u better contact Nadex and get ur commission cut, for educating traders and bringing them customers.

Quote from cherrycoke on July 11, 2012, 20:49
this is another very informative thread on NADEX.

http://www.binaryoptionsdaily.com/forums/general-group2/brokers-forum5/nadex-thread60.0/

Agreed. Brites and limitup have made the case for and against Nadex quite well. Read that thread.

A bull spread is a poorly named type of instrument on Nadex. I say poorly named because I associate "bull" with "I think the price is going up". But, it really doesn't mean that in this context. The idea of the bull spread is simple. But, the way they are presented on Nadex is confusing. Here's the concept: If you think the underlying asset is going up in price, you BUY the spread at a given level. If you think the underlying asset is going down in price, you SELL the spread at a given level. You will capture as profit the difference between the underlying and the price level at which you got in. 1 pip movement in the EUR/USD, for example leads to a $1 profit. I am not considering spreads/fees. The movement has to be in your chosen direction in order to profit. If you BOUGHT EUR/USD at a level and then EUR/USD declines, you will lose a $1 per pip. If you had SOLD in that case, that would be a $1 profit, rather than a loss. So, you have to get the direction right. Your gain/loss is capped based on how the contract is defined. That is why it is called a spread. The spread is the interval defined by the lower and upper bound as indicated in the contract.

May I suggest you get to know their binaries first and then the spreads. Note that intraday binaries (2 hour expiries) are only traded during the NY session from 5AM EST to 4PM EST.

About the credit cards, yes you are right. Nadex won't let you deposit by credit card. On the other hand, I submitted a withdrawal of $500 on Monday and the money arrived in my checking account today. 24O and their cousins can't beat that with a stick.

Physical mail that is

actually the term is correctly use here, Bull Spread. But it does lack a little more detail. This term is commonly use in options trading. A bull spread is a bullish, vertical spread options strategy that is designed to profit from a moderate rise in the price of the underlying asset. And because of the put-call parity, a bull spread can be constructed using either put options or call options. If constructed using calls, it is a bull call spread. If constructed using puts, it is a bull put spread. In the case of NADEX, they merely uses Bull Spread with the "buy" and "sell" options as compare to Call and Put.