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
Contract Specs
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
Learn more about Binary Options
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
Learn more about Bull Spreads
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
Forex
- Binary Option Example
- Bull Spread Example
- Contract Specs