A Trade Before Bedtime For The GBP Trade Balance Release At 4:30 AM ET

This is a trade you can place before bedtime. The Office For National Statistics in Great Britain will release the Trade Balance. A country’s trade balance is the difference in value between imported and exported goods and services for the reported month. When the number is positive, more goods were exported than imported. For this particular report, when the number is higher than expected, then that is good for the GBP. When it’s lower than expected, then it’s negative or bearish for the GBP.

This report comes out in the middle of the night for the United States East Coast. It comes out at 4:30 AM ET, Friday, May 7, 2015. However, with this set up you can place your trade the night before, entering as early as 11:00 PM ET, Thursday for a 7:00 AM ET expiration using Nadex Spreads. Nadex Spreads offer defined risk and with the recommended Iron Condor strategy you have low risk.

Two Nadex Spreads Make Up The Iron Condor

For this Iron Condor using Nadex GBP/USD Spreads, you need to buy the lower spread and sell the upper spread. The lower spread’s ceiling should be where the then current underlying GBP/USD is trading, and the upper spread’s floor should be where the then current underlying GBP/USD is trading.

The Iron Condor Has A Wide Wing Span

Look for spreads that will give your Iron Condor a $30 or more profit potential. Based on previous market reaction to this monthly news event, it is anticipated that the market will react and then pull back. When it pulls back, the closer it returns to the center of your Iron Condor, the greater your profit. The Iron Condor strategy is known for it’s wide wing span, with a $30 profit potential, the market can move 60 pips in one direction for a 1:1 max risk reward ratio. You can leave your spreads on until expiration to give the trade plenty of time to play out.

Nadex Spreads and Binaries can be traded from 49 different countries. Apex Investing researches numerous news events and market reaction. To learn more about trading the news see www.apexinvesting.com.