Iron Condors Can Fly The Coop With FOMC On Wednesday

Wednesday, April 29, 2015 at 2:00 PM ET, the Federal Reserve comes out with the interest rate statement, fed statement and monetary policy statement from the Federal Open Market Committee (FOMC). Along with all the statements of course, comes the announcement of the interest rates and fed funds rate. This news release is scheduled eight times a year and can cause substantial moves in the markets.

Use Nadex Spreads To Set Up Iron Condors

To trade this event, Nadex Spreads can be used to set up numerous Iron Condors for great profit potential. For an Iron Condor strategy, buy a lower spread and sell an upper spread. The ceiling of the bought lower spread should be where the then current underlying market is trading, and the floor of the sold upper spread should be where the then current underlying market is trading. The chart below shows the Nadex market to trade, the time to enter the trade, and the expiration time for the spreads. Your profit potential should be what is listed in the chart, or more. If there are no spreads available with the listed profit potential or more, then there is no trade.

To view larger image click HERE.

The rate decision often will already be reflected in the market so it can be overshadowed by the FOMC statement which focuses on the future. It mentions commentary on economic conditions, the outlook, and insight into the future changes of the rates. This is the information that traders analyze and what influences them.

There are many news events that are scheduled and great for trading. Nadex also offers binaries and can be traded from 49 countries. For a complete calendar of events, including strategies to trade them visit www.apexinvesting.com