Nadex Platform Walkthrough

Nadex, the North American Derivatives Exchange, is an online trading platform that specializes in short-term binary options and spreads. These derivative contracts let you bet on the short-term probability of some outcome - for example, that the EUR/USD price will rise above 1.125 by the end of the trading day. If you win your bet, the price of the binary option expires at 1.00; otherwise it's worth zero. During the trading day, the price will fluctuate between 0 and 1.00 depending on traders' opinions of how likely an event is to pan out. These instruments have well-defined limitations on profit and loss, and you'll know them in advance. For example, if a binary option trades for 0.50, the market is giving a 50% chance that an outcome will happen - and you have a maximum profit or loss of exactly 50 cents per contract.

Based in Chicago, Nadex is a subsidiary of London's IG Group. It is regulated by the Commodities Futures Trading Commission, or CFTC, which gives you assurance that your money is safe and your trades will be legitimate. You can trade binaries and spreads on global stock indices, FX markets, commodities, and macroeconomic events. There are more than 5,000 contracts that expire hourly, daily, and weekly, and trading is active six days a week, 23 hours a day. That means you can take advantage of short-term trading opportunities almost any time.

In this walkthrough, we'll look at Nadex's proprietary web trading system for buying and selling binaries, as well as at some of its educational resources if you're new to this type of trading.

Summary

Homepage - Nadex is a fully regulated, U.S.-based trading platform that specializes in short-term binary options and spreads. These products let you place bets on whether a given event will occur (ending up at either 1.00 in value if it does or 0 if it doesn't). You can trade them on global stock indices, FX markets, commodities, and macroeconomic events.

Login - Log in to Nadex with your username and password. If you want to test the waters first to see if binaries trading is for you, sign up for a free demo account.

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Trading Platform

The Nadex Trader platform is designed for streamlined, customizable, no-nonsense trading. Each box on the trader workstation can be moved around or removed to suit your preference, and custom layouts can be saved and loaded for later use. The default layout can be restored using the Layout link at the top right. The menu bar along the top of the workstation refers to the various windows that you can activate on your layout, including multiple copies of a given window. These windows can be moved around the screen, or closed by clicking the X in the upper right corner of the box. We will go through each of these in turn.

Nadex Trader - The Nadex Trader platform is designed for streamlined, customizable, no-nonsense trading. Each box on the trader workstation can be moved around or removed to suit your preference, and custom layouts can be saved and loaded for later use. The default layout can be restored using the Layout link at the top right. The menu bar along the top of the workstation refers to the various windows that you can activate on your layout, including multiple copies of a given window. These windows can be moved around the screen, or closed by clicking the X in the upper right corner of the box. We will go through each of these in turn.

When you're ready to trade, click on any symbol to bring up a trading ticket. Here you'll see the current best bid and offer as well as market depth. Choose the type of order, size, and price and then click the Place Order button at the bottom to send it to the market. Just above the Cancel and Place Order buttons are calculations of your maximum potential loss and profit, based on the price and order size. You can also open a Tear-off Ticket, which is a trading ticket that opens in its own browser window.

Trade Ticket - When you're ready to trade, click on any symbol to bring up a trading ticket. Here you'll see the current best bid and offer as well as market depth. Choose the type of order, size, and price and then click the Place Order button at the bottom to send it to the market. Just above the Cancel and Place Order buttons are calculations of your maximum potential loss and profit, based on the price and order size. You can also open a Tear-off Ticket, which is a trading ticket that opens in its own browser window.

To get more information and contract specifications about a binary option before you trade it, click More Information. It's under the three-line menu icon at the top right corner of the order ticket window.

Market Information - To get more information and contract specifications about a binary option before you trade it, click More Information. It's under the three-line menu icon at the top right corner of the order ticket window.

The Deposit Funds window lets you quickly and easily add money from a linked bank account or credit card.

Deposit Funds - The Deposit Funds window lets you quickly and easily add money from a linked bank account or credit card.

Nadex gives you access to more than 5,000 individual contracts across a range of asset classes. Use the Market Filter to screen for the contracts that interest you. For example, if you are mainly interested in stock index binaries that expire within the next six hours and are priced in the 0 to 0.25 range, you can narrow your results to just those.

Market Filter - Nadex gives you access to more than 5,000 individual contracts across a range of asset classes. Use the Market Filter to screen for the contracts that interest you. For example, if you are mainly interested in stock index binaries that expire within the next six hours and are priced in the 0 to 0.25 range, you can narrow your results to just those.

Another way to find the product you want to trade is to use the Finder tool. It lets you browse through contracts by category and sub-category to find ones that fit your criteria.

Finder - Another way to find the product you want to trade is to use the Finder tool. It lets you browse through contracts by category and sub-category to find ones that fit your criteria.

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Tracking Investments

This is where you can keep track of all the markets you're interested in, with real-time quotes. Click a symbol in your watch list to load an order ticket. You can also bring up charts from the watchlist for technical analysis.

Watchlist - This is where you can keep track of all the markets you're interested in, with real-time quotes. Click a symbol in your watch list to load an order ticket. You can also bring up charts from the watchlist for technical analysis.

After your trade has been executed, it will appear in your Open Positions. This is a list of all the contracts you own. You'll also see your current profit or loss for each position, and your total balance. Click on any of the tickers to open a trade ticket to add to or close out a position.

Open Positions - After your trade has been executed, it will appear in your Open Positions. This is a list of all the contracts you own. You'll also see your current profit or loss for each position, and your total balance. Click on any of the tickers to open a trade ticket to add to or close out a position.

If you're looking for an order that hasn't been filled yet, the Working Orders window will show you all your buys and sells awaiting execution, including those that have been partly filled. Click on any of them to modify or cancel that order.

Working Orders - If you're looking for an order that hasn't been filled yet, the Working Orders window will show you all your buys and sells awaiting execution, including those that have been partly filled. Click on any of them to modify or cancel that order.

If you want to look back at your trading activity, the Order History window will appear as a new window that chronicles your every move. You can move this, or any other, window around and link it as a tab to an existing window.

Order History - If you want to look back at your trading activity, the Order History window will appear as a new window that chronicles your every move. You can move this, or any other, window around and link it as a tab to an existing window.

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Trading Tools

Nadex has some sophisticated charting tools, geared for the active trader and technician. You can customize your charts with overlays, annotations, indicators, and more. You can also save your favorite chart layouts for later use.

Charts - Nadex has some sophisticated charting tools, geared for the active trader and technician. You can customize your charts with overlays, annotations, indicators, and more. You can also save your favorite chart layouts for later use.

In addition to the standard Quick Chart, you can also bring up preloaded charts such as the Nadex Settlement Index chart to get specific graphical information regarding contract expiration and for various strike prices.

Settlement Index - In addition to the standard Quick Chart, you can also bring up preloaded charts such as the Nadex Settlement Index chart to get specific graphical information regarding contract expiration and for various strike prices.

The Binary Ladder Chart is another preloaded chart that helps you visualize where a binary option's strike price is on the screen.

Binary Ladder Chart - The Binary Ladder Chart is another preloaded chart that helps you visualize where a binary option's strike price is on the screen.

You can trade directly from the chart by clicking on the bid or offer that corresponds to that contract.

Trade Chart - You can trade directly from the chart by clicking on the bid or offer that corresponds to that contract.

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Portfolio & Account Management

In the top left corner you'll find My Account. This link opens a window where you can view your account settings and change your preferences. If you want to download a record of your orders or your statements, click the History option along the menu.

History - In the top left corner you'll find My Account. This link opens a window where you can view your account settings and change your preferences. If you want to download a record of your orders or your statements, click the History option along the menu.

If you want to link a debit card or bank account to your trading account, or to wire funds, go to the Account Funding menu in My Account.

Account Funding - If you want to link a debit card or bank account to your trading account, or to wire funds, go to the Account Funding menu in My Account.

You can change your default settings and preferences by going to the Settings heading in the My Account window.

Settings - You can change your default settings and preferences by going to the Settings heading in the My Account window.

Customer support numbers for the Nadex Trader platform are also available in the My Account window.

Contact Us - Customer support numbers for the Nadex Trader platform are also available in the My Account window.

If you need assistance, click Help in the top right corner. This will open a window to help you navigate the platform, master its functions, and learn about trading binary options.

Help - If you need assistance, click Help in the top right corner. This will open a window to help you navigate the platform, master its functions, and learn about trading binary options.

Open a Nadex account today. Get Started

Education & Resources

Nadex has a host of educational resources in its Learning Center, which is based on the company's main website. If you're new to the world of buying and selling binaries, for example, there are introductory courses that will help you get up to speed.

Educational Courses - Nadex has a host of educational resources in its Learning Center, which is based on the company's main website. If you're new to the world of buying and selling binaries, for example, there are introductory courses that will help you get up to speed.

If you'd like to take a webinar, dozens are available in the Learning Center, covering everything from binaries basics to advanced technical analysis. You can sign up for upcoming webinars or view past presentations from the archive.

Webinars - If you'd like to take a webinar, dozens are available in the Learning Center, covering everything from binaries basics to advanced technical analysis. You can sign up for upcoming webinars or view past presentations from the archive.

In addition to webinars, the Learning Center has an assortment of short instructional videos.

Videos - In addition to webinars, the Learning Center has an assortment of short instructional videos.

If you're looking for news and market commentary, you'll find it in the Learning Center. Click a headline to bring up the full story.

News and Commentary - If you're looking for news and market commentary, you'll find it in the Learning Center. Click a headline to bring up the full story.

Having trouble with the Nadex platform? Can't wrap your head around some aspect of binary options? The Frequently Asked Questions section might have the answer for you. You'll find the FAQ in the Learning Center.

FAQ - Having trouble with the Nadex platform? Can't wrap your head around some aspect of binary options? The Frequently Asked Questions section might have the answer for you. You'll find the FAQ in the Learning Center.

Open a Nadex account today. Get Started

Customer Support

If you'd like to communicate with a representative by phone or email, the Contact link in the top right corner of the main Nadex website has numbers and addresses.

Contact Us - If you'd like to communicate with a representative by phone or email, the Contact link in the top right corner of the main Nadex website has numbers and addresses.

To explore any parts of the Nadex website that weren't covered in this walkthrough, click Site Map. The link is at the bottom left of each web page.

Site Map - To explore any parts of the Nadex website that weren't covered in this walkthrough, click Site Map. The link is at the bottom left of each web page.

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