Last night I committed the unholy error of trading a period outside of my plan. I trade binary options on the EUR/USD from Tuesday to Thursday. I trade for either the 11:00 am expiry or the 3:00 pm expiry. Last night I was up looking at the data coming through the NADEX and thought I … Continue reading Binary options: Tempted to jump in and trade but will stick to my plan.
July 23, 2025 WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight and the Division of Clearing and Risk today announced they have taken a no-action position regarding swap data reporting and recordkeeping regulations in response to a request from the Chicago Mercantile Exchange Inc., a designated contract market and derivatives clearing organization. … Continue reading CFTC Staff Issues No-Action Letter Regarding Event Contracts
Edward Dowd of Phinance Technologies made an interesting point yesterday on the YouTube show Palisades Gold Radio when he shared the following: “Inside information is transmitted quickly. Markets tell me more than what my leaders tell me.” When people ask me what sources of political information I follow, I tell them that I don’t do … Continue reading Binary options: Media and government pronouncements coming off more like echoes of the markets.
When trading binary options, I am trading my expectations on certain events. I am entering contracts where one side of the contract has an expectation of some event, x, occurring and the other side of the contract has an expectation of some event, y, occurring. I am not trading a commodity, share, or currency. I … Continue reading Binary options: Mitigating risks from information barriers in the foreign exchange markets.
I bought a contract on the NADEX betting that the EUR/USD would close above 1.1360 earlier this afternoon at 3 pm. I would not have been surprised had the EUR/USD closed above 1.1380 but lately I have been hedging my bets by 17 to 25 pips. Honestly other than ascertaining the broker spread based on … Continue reading Binary options: The dollar continued its weakening against the euro.
What has been weighing on the minds of binary options traders? Traders who purchased the NADEX binary options contract for the EUR/USD>1.1340 expiring at 11pm last night won their bet. The contract closed at 1.13761. The idea that the European Central Bank will cut its interbank rates tomorrow likely influenced traders’ outlook on the trajectory … Continue reading Binary options: What weighed on trader minds last night; first glance at Global South FX rates.
What the binary options market looks like … As of 7:19 pm EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $9.50 Contract closing above 1.1175. Buy at $9.90 Contract closing above 1.1125. Buy at $7.70 I … Continue reading The dollar seeing losses into the Memorial Day weekend …
As of 6:12 pm EST, the NADEX offered the following binary options contracts for the EUR/USD expiring this Friday (23 May 2025) at 3 pm: Contract closing above 1.1225. Buy at $4.10 Contract closing above 1.1175. Buy at $5.00 Contract closing above 1.1125. Buy at $7.70 Contract closing above 1.1075. Buy at $9.10 Contract closing … Continue reading So far, a 98% chance the EUR/USD will close above 1.1025 this Friday
Scammers are on the prowl … As more individuals explore the idea of trading for themselves, the high fail rate for retail traders is compounded by the number of scam artists seeking to take advantage of novice and savvy traders alike. The following is an excerpt from an article published by the Commodity Futures Trading … Continue reading Binary options trading: How to spot the scammer.
Lawyers Write the Bets. Bankers Sell the Bets. 