Nadex Seeks CFTC Approval for Bitcoin Binary Options

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Derivatives exchange Nadex plans to offer bitcoin binary options to customers in the US next month, if its filing to register the options with the country’s commodities regulator is accepted.

Nadex will offer daily and weekly bitcoin binary options contracts, taking prices from the bitcoin price index published by TeraExchange, a derivatives trading platform. Both Nadex and TeraExchange are regulated by the US Commodity Futures Trading Commission (CFTC).

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Forex Trading Still on the Rise

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Investors today are placing much emphasis on the forex trading business. Over the years, the industry has grown to become a multi-trillion business around the world. Many traders in various countries are jostling to put their trading skills to good use in an effort of making sustainable profits. Some companies are making every effort possible to assist traders who trade on a daily basis with the necessary tools and information that can help them to succeed.

As 2014 begun, the forex market found itself in a deep freeze because of low volatility records causing a nosedive in trading volumes. However, the market bounced back strongly in September to a high of $5.9 trillion thus making it reach a record high in comparison to August 2013 and August 2014.

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Forex Trading Fallacies: What you should know

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Whether you are a seasoned trader or a newbie, you cannot be absolutely convinced of the fact that you are totally free of the innumerable Forex trading fallacies or myths that surround this industry. A Trader’s Fallacy is in fact, one of the potent ways in which a trader can go wrong. So what exactly are the misconceptions that you should be aware of, as a trader? Read on to find out.

What are the myths surrounding Forex?

Forex is designed for short-term trading

One of the major fallacies that has riddled the largest financial market (in terms of volumes of trade) is that it is actually meant for short term traders. Now, the presence of high leverage DOES NOT necessarily mean that forex can be indiscriminately branded as a short term trading proposition. Forex is very much about long term tradable trends as well. The traders looking for long term benefits are more concerned with the larger trends and not really bothered about everyday swivels in the market.

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