News Makes For Great Forex Trading At Night

The Federal Statistics Office for Switzerland will release its Producer Price Index on Friday, November 13, at 3:15 AM ET in the morning. No one wants to trade in the middle of the night; however, you can put your trade on at 11:00 PM ET the night before on Thursday, using Nadex Spreads. Spreads have a floor or bottom and a ceiling or top of a range that is tradeable in a market. You cannot win or lose past the floor or ceiling of a trade depending on where you entered and which direction you trade the spread. This allows for a limited risk that is known upfront before you place the trade.

The Producer Price Index for Switzerland is the change in the price of goods and raw materials purchased by manufacturers. Since the higher prices usually are passed on to consumers, this report is an indicator for inflation.

This report reflecting Producer Pricing is for Switzerland so the market to trade is USD/CHF. However, for this recommended trade you’re going to use Nadex USD/CHF Spreads, which have capped risk. Based on the market reaction after the last 12 - 24 reports, it was found that an Iron Condor, with a profit potential of $35 or more was the high probability strategy to use. As mentioned in the beginning, you can enter the trade as early as 11:00 PM ET Thursday evening for 7:00 AM ET Friday morning expirations.

To find just the right spreads, use the spread scanner that is available for anyone to use at www.apexinvesting.com. Buy a spread below the market but with the ceiling where the market is trading at the time. Then, sell a spread above the market but with the floor where the market is trading at the time. Below is an image of the spread scanner listing the spreads down the center. Looking to the far left and far right, you can see the risk/reward bars. There you want to be sure the combined reward between your chosen spreads is around $35 or more.

To view image click HERE.
USD_CHF 219k_image1

After the reports are released, the market can react and then pull back. One side of the trade may profit first and then the other. Alternatively, the trade may expire with the market ranging between the two spreads. When this happens, you can profit on both spreads. Max profit would be if the trade expired when the market was directly between both spreads.

For a complete news calendar and strategies to trade each event go to www.apexinvesting.com. There you will find free education on how to trade Nadex spreads and binaries as well as futures, forex, and CFDs.