Forex
Whether you’re looking for volatility on EUR/USD or multiple trading opportunities on a range of currency pairs, Nadex lets you open completely limited-risk trades with low deposits.
What is Forex?
- Forex is the world’s foreign exchange market – a global market for trading currencies
- In a forex trade a party buys one currency and sells another, e.g. buying euros while selling dollars (EUR/USD)
- Spot forex is the most common form of forex trading, using the current exchange rate of two currencies to define the trade
- In 2010 the most commonly traded spot forex pairs were EUR/USD, USD/JPY and GBP/USD
Binary Options
- Your maximum profit/loss is known from the outset: Binary Options only settle at zero or 100
- Find trading opportunities even when the underlying forex market is quiet
- Customers may open contracts based on underlying forex pairs with just a few dollars' collateral
Bull Spreads
- Opportunities for limited risk, leveraged positions on underlying spot forex pairs
- Can be used for hedging against existing forex positions
- Open a position based on underlying forex pairs with just a few dollars' collateral
Available forex pairs
On Nadex you can trade Binary Option and Bull Spread contracts based on the underlying spot price of the following forex pairs.
EUR/USD
The value of the euro in relation to the value of the US dollar.
GBP/USD
The value of the British pound sterling in relation to the US dollar.
USD/JPY
The value of the US dollar in relation to the value of the Japanese yen.
EUR/JPY
The value of the euro in relation to the value of the Japanese yen.
AUD/USD
The value of the Australian dollar in relation to the value of the US dollar.
USD/CAD
The value of the US dollar in relation to the value of the Canadian dollar.
GBP/JPY
The value of the British pound sterling in relation to the Japanese yen.
USD/CHF
The value of the US dollar in relation to the value of the Swiss franc.
Example:
Binary Option
Learn how to trade a USD/JPY Binary Option
Example:
Bull Spread
Learn how to trade a EUR/USD
Bull Spread
