North American Derivatives Exchange, or NADEX, introduced binary options trading in 2009, so it can be said that this exchange has a lot of experience in binary options trading. Binary options are the exciting and dynamic type of trading that involves predictions whether the price of a certain asset will move up or down. This simplicity makes binary options very popular among US traders, who can legally trade them on NADEX.
Traders who opt for NADEX binary options can expect classical high-low options and long term trading. High-low options are the most popular binary options on the market and are the easiest to trade and understand. Long term options are considered to be less risky but are much more reliable when it comes to money management and safe investing.
NADEX supports all types of assets: currencies, stocks, indices and commodities, and traders can combine them with many expiry times – short and long ones: 5 min, 1 h, 24h, 24 h+, end of the day and end of the week. This means that all traders can find a combination suitable for them.
NADEX Exchange
NADEX is by its name an exchange, but what does it really mean? In classic binary options trading, there is a broker on one side and trader on the other side. In the case of binary exchanges, they perform as a bridge between two sides interested in binary options trading. NADEX is one of the most renowned and well-respected exchanges that is regulated by CFTC.
Binary exchanges are taking over the world and NADEX is no exception. It is the most popular binary exchange in the United States and provides great opportunities that can improve one’s trading experience. Despite not being a usual exchange, NADEX provides all necessary tools, features and support when it comes to binary options trading.
On this platform, traders will find educational materials that will improve their results, as well as tools for proper analysis. The only real difference between NADEX exchange and so-called ‘European’ type of brokers is the fact that in this case the trader doesn’t go against the broker while trading.
NADEX Trading
Many traders are wondering whether NADEX trading is much different from trading with other brokers. The good news is that NADEX provides an amazing trading platform that is very similar to other platforms despite NADEX being an exchange.
Once the trader enters the NADEX trading platform, he will see the list of possible assets and trading possibilities on the left, and list of trades that are open at the moment on the right side. Keep in mind that the list on the left has several subcategories, so there is no need for panic if the favorite asset isn’t found at the first glance.
NADEX trading platform is also equipped with charts that always come in handy during analysis. Charts are very easy to use, and traders can select among several different types. After the proper analysis has been conducted, the trader can easily place a trade by clicking a trade on the right side.
A ticket in the form of pop-up window will open, so traders can set the amount, the direction and several other elements in order to create the optimal binary for them. After that is done, the trader only has to wait for the expiry time to see if the trade was profitable or not. During NADEX trading, users can experience unlimited payouts which make it unique exchange on the market.
NADEX Trading Strategies
Good traders always implement different strategies, and traders who are successful on NADEX are no exception. Such traders will always tell you how knowledge is the essence of the success. NADEX trading strategies are not much different from strategies used on other platforms.
One of the most common strategies is long term trading. Luckily, NADEX provides many binary options that can be executed by selecting this strategy that is minimizing the risk.
NADEX doesn’t provide turbo options, and the shortest expiry time is 5 min. This makes, generally speaking, trading on this platform much more reliable, as the riskiest options are automatically excluded.
NADEX strategies include using the trend lines, fundamental analysis, technical analysis, news following, and all other aspects of trading that can make users more profitable. Charts available on the platform and daily news updates, as well as the education section, should always be used. Only by doing so the trading strategy will provide optimal trading results.