The euro dropped to a two-year low against the greenback after ECB Chief Mario Draghi reiterated his pledge to keep going with economic stimulus. US Treasury yields hellipTravis: All right, good morning everyone or good afternoon to some, especially there in the East Coast. Here in the West Coast, its still morning here, but want to welcome everyone to another one of our educational webcasts here with OptionsANIMAL.I know weve got quite a few still trying to make their way into the room. It looks like its going to be an absolute full house today so I do want to give folks adequate amount of time to get in and get settled. I know some are trying to step away for lunch or what not, and get signed in here.Im especially excited about the webinar we have today. Here at OptionsANIMAL, and I want to preface this starting out first welcoming our current students in the program here with us today. Its always exciting to have you take time out of your day to be with us and explore some new areas of the market, but especially for those folks who maybe arent a part of the community, at least not yet or have maybe been on a couple of our webinars before. We like to do these special webinars here a couple times a month. We do two to three a month. Sometimes its myself. Sometimes its Greg Jensen. Sometimes its Guy Adami from Fast Money hosting the webinars.What Id like to do is Im a big believer in broadening perspective and not to throw out clichs and everything you hear thrown around in todays market, certainly in the past four years of how putting your eggs all in one basket and needing to diversify. I am a big believer in having a comprehensive full viewpoint of todays markets as markets in general are rapidly expanding.Theres so much opportunity out there. Its not simply just opportunity in trading stocks or maybe its not just trading equity options or futures, but there are other opportunities out there like binary options, which were going to discuss today that may open up a section of your portfolio to something new, something you havent explored before, something to where you could find some yield or could find some potential profit out there that youre not currently looking at. We like to open your eyes and your viewpoint to different sections of the market with these special webinars.Like I said, Im very excited today. Ive got a good friend of mine, Dan Cook who runs business development for Nadex. I dont know if you folks have heard of Nadex. Maybe some of you had. Youve probably seen their commercials from time to time on CNBC. Perhaps youve seen some of their advertisements, whether its in magazines, so on and so forth, but Nadex is a derivatives exchange that specializes in binary options. The name, North American Derivatives Exchange, obviously Nadex, play on that.What I wanted to do is I wanted to bring Dan in today to shed a little bit of light on the mystery that surrounds binary options. I know theres a lot of interest out there. In fact, binary options, if you look at Google searched terms, its one of the most searched terms out there. With that said, I think theres a lot of how do I put it I think theres a lot of myths that surround the term binary options with that mystery. I think theres a lot of stuff out there that you find on the web that isnt necessarily true.I wanted to bring Dan in today to talk a little bit about binary, to shed some light on it and to give us a good foundation that we can build upon, especially our students here at OptionsANIMAL and again, some of you folks who arent with OptionsANIMAL, just provide you with that base foundation because again, what we do here at OptionsANIMAL, we are an online options education firm. We specialize in trading the stock market and obviously, equity options, but again our firm, we focus on a wide range approach to the markets, and binary options is something that were going to start to build out and build upon here within our own community.Dan, I want to go ahead and pass it over to you. I know youve got a nice presentation here and youre going to walk us down this road. Ill interject here and there with some questions, but why dont you go ahead and get us started, a little bit about yourself and then an introduction to Nadex, and lets get into some of the meat here about what binary options are.Dan: That sounds great. Thank you for the introduction, Travis. Its great to be here. One of the things that you said that stuck out are the myths aspect of binary options. Google searched terms on binaries have just been going through the roof. If you look at Google trends from 2011 to present, its just on parabolic. Now unfortunately, like with any I guess newer type of contract, and binaries have been around a while. I started trading them in 2008, was the first time I placed a trade. That was before I came to Nadex. Ive been with Nadex a couple of years, but there are a lot of myths. There are a lot of websites out there thatll make big promises. What were going to be talking about today are an exchange-traded contract. Well get a little bit more into a little bit about Nadex before we get into the binary options.There are a lot of myths out there. Kind of a general rule of thumb, any time you see a website that promises X amount of return or you can take 100 and make it a million, just run away and thats the same with binary options as any market. Hopefully, what well do today is dispel a little bit of the myths. There are a lot of offshore brokers that offer what they call binary options substantially different than whats offered at Nadex.With Nadex, as you mentioned we are the North American Derivatives Exchange. Were based in Chicago. We are CFGC registered and thats a big part to how we have to conduct ourself. Because we are registered with the CFGC, they are a regulatory body, we obviously have rules, requirements, reporting requirements. We have to act as an exchange.As an exchange, were not taking the other side of the trade. Were simply here to match buyers and sellers. Thats a key concept. With Nadex, were not making markets. There are market makers that make markets like on any other exchange.