Federal Open Market Committee Releases Statements Wednesday, Be Ready With Iron Condors

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It’s that time of month again to set Iron Condors to take flight and capture profits after the FOMC makes its statement and then announcement of the Fed Funds Rate on Wednesday, January 28, 2015, at 2:00 PM EST.

The FOMC releases a report eight times a year regarding the interest rate and then makes a Fed Statement and Monetary Policy Statement. The statement usually changes just slightly at each release. This statement is their way to communicate with the financial community about monetary policy.

The statement contains voting information on the interest rates and commentary on economic conditions. It also comments on the economic outlook and gives clues on future votes.

The interest rate will determine short-term interest rates which are a factor in currency evaluation. Fed Funds rate is the rate depository institutions lend balances held at the Federal Reserve or other institutions overnight.

This news event can be traded using several Nadex Spread Iron Condor strategies entering at different times. You can enter as early as 11:00 AM EST and no later than 1:00 PM EST for an expiration of 3:00 PM EST. The following markets are good to trade at these times with an Iron Condor set up for $50 profit:

  • EUR/USD
  • GBP/USD
  • USD/CHF

For the Iron Condor strategy trading Nadex Spreads you want to buy the lower spread and sell the upper spread. The ceiling of the bought spread and floor of the sold spread should be the same price and at the current underlying price when you enter. Below you can see a list of markets to trade, time to enter, expiration times, and minimum amount of profit to set your trade for.

To view larger image click HERE.

You can see the sooner you enter, the more profit potential there is. Once the statement is released the markets will move and then settle back down. You have until expiration for the markets to come back to the center of your condors.

The closer to the middle of your Iron Condors the market expires, the more profit you will make. Set your Iron Condors free to take flight for profit tomorrow.

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 9000 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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Posted In: Binary OptionsOptionsapexinvestingbinarybinary chartsbinary optionsbinary scannerbinary signalsdarrell martinday tradinghow to tradenadex binariesnews release tradesnews trading ideasnorth american derivative exchangepost newspremium collectionprenewsscalpingspike strikerspread optionsspread scannerweekly options
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