Placing an order on the new Nadex platform
In this short video, we’ll show you how to place an order using the Nadex trading platform. Let’s get started.
Once you’ve logged onto your Nadex trading account, in the upper left-hand corner you’ll notice three different types of trading products: binary options, call spreads, and knock-outs. Click on a product, then one of the market classes, and then select one of the expirations beneath one of the contracts. In this example we’ve clicked “Binary options”, “Indices”, and then “Weekly” under “US 500”.
This will display the list of contracts available for that expiration cycle. Once you’ve identified the specific contract you’re interested in, click on it to populate a chart of the product as well as bring up an order ticket on the right-hand side of the platform. Notice at the top of the order ticket there is a specific description for that contract. Here we see “Will US 500 finish higher than” the level we selected.
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.
Notice that the risk/reward for this order is calculated and displayed with maximum potential loss and maximum potential profit before you place your order.
If everything looks good, click “place order” to send the order to the market.
You’ll get a confirmation that your order has been received across the top of the platform. You can check the status of your order 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.
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