The Canadian GDP Released Monthly Is A Regular For The Iron Condor Strategy

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The Canadian GDP release is another news event that can be profitable to trade.

When news events move markets consistently for 12-24 months of releases, and the markets move a consistent number of pips or ticks each release, then they are high probability trade opportunities.

Friday, January 30, 2015 at 8:30 AM Canada will release its report showing the change in the inflation-adjusted value of all goods and services produced by the economy.

Canada is unique in that they release this report monthly. Traders watch this report because it’s the broadest measure of economic activity and primary gauge of Canada’s economic health.

To trade this event you want to trade Nadex Spreads USD/CAD as early as 8:00 AM for a 10:00 AM EST expiration. Look for two spreads to set up an Iron Condor strategy. This strategy is good when the market is going to move or make a bounce then pull back.

It’s not good for when the market is expected to take off in one direction and continue. For this Iron Condor look for a $25 minimum profit potential. You want to buy the lower spread and sell the upper spread.

Be sure that the floor of the upper spread is the same market price as the ceiling of your lower spread, and that the floor and ceiling are where the underlying market price is. The market has until expiration to come back to the center of your spreads and if it does, you will make your highest profit potential.

If you are unable to find spreads that give you a minimum profit potential of $20, then don’t take the trade.

Apex Investing analyzes scheduled news events like this to see which markets are advantageous to trade. They come up with the highest probability trade setups based on their findings and post them on a monthly calendar.

A complete monthly news plan is available at Apex, to trade a variety of markets based on numerous news events. If you would like to learn more on how to trade Iron Condors or trade other news events, 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 10,000 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.

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