Payroll Company Releases Employment Findings Making For A Nice Iron Condor Opportunity

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Every month Automatic Data Processing, Inc., a payroll company that services over 400,000 customers, analyzes its data to come up with employment growth estimations.

The findings are released two days after the month ends. This news event is called the ADP Non-Farm Employment Change. Non-Farm because the estimated change in the number of employed people during the previous month is determined without the farming, industry and government included.

The government releases its own report on employment data as well usually two days after so this report offers an early glimpse.

Traders consider this report impactful because job creation is an important leading indicator of consumer spending which accounts for the majority of economic activity.

Looking back over the past 24 months, this report consistently moved the EUR/USD by consistent numbers. It was determined by the news team at Apex Investing that an Iron Condor strategy using Nadex Spreads can be a high probability trade for this scheduled event.

The report is released this Wednesday, February 4, 2015 at 8:15 AM EST. You can enter as early as 7:00 AM EST for 9:00 AM EST expiration. To set up the Iron Condor buy a lower spread with the ceiling being at the then current underlying market price.

You also sell an upper spread with the floor at the then current underlying market price. Once set up the ceiling of your bought spread and the floor of your sold spread will share the same price.

Be sure to find spreads that offer a $30 minimum profit potential in this Iron Condor setup. Once the report is released, the market may make a move and typically will pullback and then settle.

The closer it settles to the center between your spreads the higher your profit will be.

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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