Unfortunately, NADEX does not offer a way to trade automatically.
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NADEX is among the most reliable binary exchanges in the world, especially for US traders as it is regulated by CFTC. NADEX provides numerous learning materials to all traders that can improve their knowledge, so he or she won’t need signals at all. There are some signal providers that claim to be official NADEX auto signal providers, but actually aren’t.
Traders can always use daily news and market updates in order to find out what is going on in the market. They can implement the mentioned information to their analysis and find out what strategy is working out for them. NADEX platform provides many possibilities that can be used during trading, and traders who are familiar with all tools and features can definitely benefit from them.
NADEX Expiry Times
Binary options are impossible without expiry times. Expiry times are, after all, what makes them so interesting for trading. Expiry time can be defined as the duration of binary options or the period in which the binary options trading takes place. They are one of the key elements of binary options. NADEX expiry times are 5 min, 1 h, 24 h, end of the day, and end of week. NADEX does not support turbo options in extremely short time frames like 60 seconds. Such options are considered to be more profitable, but also riskier than options that take place in longer time frames. Still, 5 min is good expiry time for traders who prefer shorter time-frames.
1h, 24 h, and end of the day are considered to me medium term expiry times while the end of week is considered to be long-term options. Long term options are described as more reliable way of investing.
Binary options trading can be most successful when different expiry times are combined during the investing process, and NADEX expiry times enable traders to allocate their funds. It is advised to use short term, medium term, and long-term options in order to lower the risk and achieve better money management, and NADEX exchange enables traders to do so.
NADEX also offers the possibility of closing the trade before the expiry time ends.
NADEX vs FOREX
NADEX? Forex? Those two words only sound the same, but are completely different, and traders must never confuse them. NADEX is short for North American Derivatives Exchange. It is an exchange platform that is serving as a bridge between two sides interested in binary options trading. It is a regulated entity that has all necessary licenses for providing certain financial services like binary options trading.
Forex is short for the Foreign Exchange Market. Forex is a global decentralized market for currency trading, and it is considered to be the largest market in the world.
It is hard to compare NADEX vs Forex, as one is a company that provides trading services, and the other is considered to be a market. NADEX supports Forex trading, or Forex contracts, and even refers to binary options currency trading as Binary Options: Spot Forex. Traders who want to trade currencies on NADEX exchange can count on 11 currency pairs, made of most popular currencies in the world (USD, GBP, CHF, AUD, JPY, MXN).