Is This Some Kind Of Secret Code?

You've decided to start learning about and trading either binaries or spreads. As you start looking around the different websites, there seems to be a secret code of letters and numbers, like this: CLV4.

You try all the decoders you ever made up during your childhood and then you search on the web. If you’re lucky, you stumble upon some type of chart that helps you make sense of this strange code.

You soon learn that it is a symbol for a chart. Everything traded has a unique symbol.

Since you are learning and/or trading Nadex binaries or spreads, this article will focus on how to get a futures symbol for a chart. It will help you make sense of that seemingly senseless, almost mysterious, code or symbol.

Each part of the code has a meaning. When they are combined, they make up the symbol for that corresponding derivative Nadex product. On the Apex Investing Institute website, you will find a chart that will help you in figuring out those codes. This article will reference that chart.

The first part of the code shows the symbol of the underlying product. Look at the image below. You will see that the chart lists many things about each Underlying Product. It has: Future Category, Country of Underlying, Name of Product, Name of Underlying Product, Symbol of Underlying Product and Months Traded. All of these things are important to know when you’re figuring out which symbol you are wondering about.

You can further unscramble the code as you check the chart to the left. The next letter in the code CLV4 is a “V”, which represents October. So far, you know that the code you are trying to decipher is Crude Oil with an expiration in October. Only one more symbol to uncover.

This is one of the most frequently asked questions on our website and you solved it. Now, as you are trading your binary and spread contracts, you will be sure that you are trading the right thing because you now know the meaning of the futures symbols. Since you can decipher this code, you are now ready to help others when they are puzzled by the same question. If you would like to learn more about how and where these codes are important, go to www.apexinvesting.com. Apex Investing Institute offers free education, and free access to the Nadex Binary and Spread Scanner Analyzers. Member traders are invited to trade in the rooms, take advantage of trade signal services, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 7000 members. In a supportive learning community of seasoned as well as up and coming traders, traders of all levels learn how to trade Nadex binaries and spreads in depth, as well as futures, Forex, stock and options, and gain an edge for successful trading overall.