U.S. After-Hours Trading Opportunity With Release of UK Employment Data

Here is a trade opportunity for after hours trading forex. However, it doesn’t have to be spot forex and you don’t have to have a forex account with a forex broker. For this trade you’d trade GBP/USD using Nadex spreads, where it’s easy to open an account with a minimum of $100. Also, Nadex can be traded from 49 different countries.

There are advantages to trading Nadex and trading spreads. Nadex is located in Chicago and is a U.S. regulated exchange. With Nadex you can enter and exit your trade at any time as long as there is a bid offer price available and the contract hasn’t expired. Spreads have a floor and a ceiling, and you can’t lose or profit below the floor or above the ceiling based on which direction your trade is. Every one pip move on GBP/USD is equal to $1 trading Nadex forex spreads.

This opportunity presents itself at 11:00 PM ET, Tuesday, September 15, 2015, when you can put your trade on. The Office for National Statistics in the UK will be releasing three reports at 4:30 AM ET, Wednesday, and the events tend to move the market.

• Average Earnings Index - Change in price business and government pay for labor with bonuses
• Claimant Count Change - Change in number of people claiming unemployment
• Unemployment Rate - Percentage of total unemployed people seeking employment

Straddle The Market For Profitable Opportunity Whichever Direction Market Goes

A Straddle strategy is recommended which calls for trading two Nadex spreads. With the two spreads you literally straddle the market. You will buy a Nadex GBP/USD spread with its floor being where the GBP/USD market is trading at the time, and you will sell a Nadex GBP/USD spread with its ceiling being where the market is trading at the time.

You want to find two 11:00 PM ET spreads with 7:00 AM ET expirations and keep your risk at $40 or less between your two spreads. If the market goes up and remains at that level, then you will profit on your long spread and lose on your short spread. If the market goes down, then you will profit on your short spread and lose on your long spread. You’re looking to make approximately $40 profit as well. With a risk of $40 spread fairly equally between the two spreads you will need the market to go up or down approximately 40 pips for it to be breakeven and 80 pips for a profit of $40.

For example, if the market goes up 40 pips you would lose approximately $20 on your short spread and profit approximately $20 on your long spread so you would break even on the trade. If the market went up 60 pips then you would lose $20 on your short spread and profit $40 on your long spread making $20 total on the trade. Finally as stated before, if the market goes up 80 pips then you would lose $20 on the short spread and profit approximately $60 on the long spread making you $40 on the trade.

To learn more about straddles and how to trade Nadex derivatives go to www.apexinvesting.com. To open a demo account at Nadex go to www.nadex.com.