Using Nadex Spreads/Binaries To Trade Durable Goods Orders On EUR/USD: September 25, 2014
Whenever there is a news release that will affect trading, you should have a strategy in place that will capture the most profit. On Thursday, September 25, 2014, there will be various news reports released that will affect Forex markets. The Iron Condor or Butterfly is the type of strategy that may help you capture those profits.
To read a related article on trading Nadex Spreads using the Iron Condor strategy, click HERE.
The Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, except for transportation items. Durable Goods Orders accounts for the same change in the total value of new orders, but also counts the transportation items. Both of these reports are released at 8:30 AM ET. If the reports offer a higher than expected reading, they should be regarded as positive or bullish for the USD. If lower, then it should be taken as negative or bearish. This information will help you plan the entry and exit of your trade.
The market to consider placing an Iron Condor or Butterfly on would be the EUR/USD. Enter as early as 8 AM with an expiration of 10AM. Look for a profit of at least $25. Remember that an Iron Condor is placed on Nadex Spreads and the Butterfly is placed on Nadex Binaries. For each trade, you’ll want to buy one lower and sell one upper contract.
To read an article about using the butterfly strategy click HERE.
To learn more about trading news releases, go towww.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 8000 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.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.