NADEX is among the most reliable binary exchanges in the world, especially for US traders as it is regulated by CFTC. And while many traders prefer to trade with various signals, NADEX is not providing such service for all traders, but only to those that are API connected and are using auto trading service.
What NADEX is providing to all traders are numerous learning materials that can improve knowledge of the trader, so he won’t need signals at all. There are some signal providers that claim to be official NADEX auto signal providers, but aren’t.
Traders can always use daily news and market updates in order to find out what is going on on 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.
Auto trading has recently become very popular. It is a new type of trading based on advanced technology where various algorithms take all factors that are influencing the market into concern and place the trades in the name of the trader. In most cases, the trader can set his preferences and then the automated system will trade according to them. But, does NADEX support automated trading?
No, NADEX is not providing classic auto trading to its clients. On NADEX, exchange trading platform traders can trade different binary options types, do proper market analysis, trade with great assets from different categories. NADEX autotrading is based on API connections, that is somewhat different than anything seen before.
API connections enable trading members with automated trading. Traders who opt for this type of trading must count on exchange fee in the amount of $1.50 per contract, and per side for each trade executed. This automated trading is available only to traders who are physically located in the United States of America.
Autotrading has many benefits, but it is important to understand that traders must know how to use it in order to make a profit, and besides that, such systems are often used by inexperienced traders who don’t understand the binary options. NADEX truly believes that education and careful execution of trades can work better than any auto trading system as traders understand the market completely.
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, end of week and end of the month. 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. NADEX recommends that this expiry time is used on so-called flat markets.
1h, 24 h, and end of the day are considered to me medium term expiry times while the end of week and end of the month are 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 One Touch
One touch options are the type of binary options where a trader makes a prediction that price of an asset will surpass a barrier within a certain time frame. The trader can set the barrier and expiration time. For example, a trader can believe that Apple stock will surpass the $110 price by noon today. These binary options are extremely popular and many traders prefer to trade them.
One touch options are usually providing high payouts, that are significantly higher than payouts in case of high-low options, but are also much riskier and harder to predict.
NADEX One Touch binary options are not available yet. This binary exchange provides high-low and long-term options that can be easily traded on the trading platform. This should not be seen as a downside, as available options are also fun and easy to trade. Traders who opt for NADEX can expect amazing assets, many expiry times, and great support that will provide superb trading experience.
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 10 currency pairs, made of most popular currencies in the world (USD, GBP, CHF, AUD, JPY).Your capital is at risk