Binary Options

By mike55r, March 11, 2012

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Has anyone tried trading ”binary options”. Agora’s Abe Cofnas has a limited time price for his ”Fear and Greed Trader” service that is based on the NADEX?? This is not strictly stock related so just wondering :)

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7 Comments on " Binary Options"

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Tom C
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Tom C
March 11, 2012 8:54 pm
Michael, On 6 Aug 2011, I subscribed to Abe Cofnas’ Strategic Currency Trader for one year for $995. I opened a NADEX account with a $5,000.00 paper check sent via the USPS and started following Cofnas’ recommendations but not investing real money. Found out about the paper trading feature of NADEX so started trading Cofnas’ recommendations in that area. Lost a little but basically broke even not counting the NADEX “Fee Payments” of $9 or $15 on each trade. I may have just hit Cofnas at a bad spot but I wasn’t satisfied with his recommendations so I cancelled my… Read more »
stormn1963
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stormn1963
March 11, 2012 11:02 pm
I tried the three months or money back trial in May 2011. I paper traded for three weeks then went live. I was losing on almost all recomendations. I cancelled with one week left on the three months after losing about 15%. They said they would extend an additional three months. I said yes. I cancelled again after ten more recomendations due to losing an additional 10%. Abe was on a five month losing streak. I think I only had five winners in total. I did not have any trouble getting my refund and money back from NADEX.
Mike Davis
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Mike Davis
July 19, 2012 10:38 am

Wish I had talked to Tom before buying my Land Rover.

Gary Fraley
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Gary Fraley
September 29, 2012 10:58 pm
I spent almost a year trading using the Strategic Currency Trader which was renamed the Fear & Greed trader. I lost over 60% of my funds. Furthermore, he did not give recommendations on 9 of those weeks. Agora tried to automatically renew off my credit card which I had cancelled due to identity theft. When I got the email from Agora I complained at being shorted 9 weeks. They apologize and agree to extend the service to give me the 52 weeks that I was entitled to. About a week later, I get an email from dear old Abe Cofnas… Read more »
bhaan51
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bhaan51
January 13, 2013 10:26 pm

Yes, i signed up with Abe Cofnas too. I lost a little money and then i analyzed his long term trading record and realized i would be better off betting against him. So i did and i made some of my money back.
Long story short, Abe is too inconsistent and might recommend
5 trades at a time, often 3 are losers.

So remember, do your due diligience first!

binary options signals for nadex
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October 3, 2015 6:04 am

It will be important that you do not improve your size by giant jumps (you don’t need
a few losses to wipe out your whole account) however
you wish to make sure that you are consistently increasing the size of
your trades.

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