Placing an order on the new Nadex platform
It’s quick and simple to place an order in the Nadex platform. Learn how with the Nadex experts – in this video you’ll learn:
How to pick your market and populate charts
How to use order tickets
How to choose a contract and understand your risk/reward
How to place your trade
This tutorial is a great place to start if you’re new to Nadex. If you want to learn about some of the platform’s other important features, take a look at our platform walkthrough.
Placing an order on Nadex: tutorial video summary
In this short video, we’ll show you how to place an order using the Nadex trading platform.
Step 1: log in to your Nadex account
You’ll see three different trading products: binary options, call spreads, and knock-outs. When you click on a product, you’ll see the different market classes you can trade on listed below.
Step 2: pick your market
Click on a market class to see the markets available, and the various expiration options.
In this example we’ve clicked ‘binary options’, ‘indices’, and then ‘daily’ under ‘US 500’. This will display the list of contracts available for that expiration cycle.
Step 3: pick a contract
Click on a contract to populate a price chart and bring up an order ticket. On the top of the order ticket there is a specific description outlining the details of that contract.
Here, the contract poses the question:
Will the US 500 finish higher than 3347.0 @ 4:15 p.m. Eastern?
Step 4: set up your trade
If you predict the answer to this question is ‘yes’, click buy. If you think ‘no’, click sell.
You can further modify the order ticket by selecting an order type, the price at which you want to trade, and the quantity that you want to trade.
In this example, we clicked buy and entered a limit order below the current market price. When you place a limit order, this means you are willing to wait for this price. Your order will only be filled if the market reaches this price. If you are happy to pay the current market price, you can select a market order instead.
Risk/reward for this order is calculated on the ticket and you see the maximum potential profit and loss (excluding fees) before you place your trade.
Step 5: execute your trade
If everything looks good, click place order.
A pop-up message will confirm that your order has been received. You can check its status by clicking on the order tab below.
And that’s it. With just a few clicks you’ve placed your order on the Nadex platform, getting you into the exciting action of Nadex prediction markets.
Practice placing an order for free
Sign up for a Nadex demo account. You’ll get $10,000 in virtual funds, so you can explore the platform and practice placing your orders.
Want to learn more?
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