written by reader Binary Options

By mike55r, March 11, 2012

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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Tom C
Irregular
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 Strategic Currency Trader subscription on 6 Sep 2011.
Getting my $5000.00 account reimbursed from NADEX turned into a bit of an exercise. I requested the money be reimbursed to me by NADEX check which they refused to do. They insisted on transferring the funds via ACH directly into the same account that I had drawn my initial deposit check on. I am not happy with allowing electronic transfers in or out of my accounts without my express written permission but in the end I had to accept their transfer (under protest to my bank). I have tried to completely close my NADEX account but they are still spamming me via e-mail.
I have had no problems at all with Agora’s services.
Tom C.

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