Measuring The Economic Growth Of Australia


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By Darrell Martin

Unless you are studying for an exam, chances are you haven’t reviewed all that goes into what constitutes the Gross Domestic Product (GDP).

If you happen to be a person with a thirst for knowledge, who loves to learn, you may be interested to know that there is a lot that goes into the calculations of the GDP.

You can search it on the internet to satisfy that thirst for knowledge.

Going Global

For the rest of the trading world, you are probably content knowing that when the GDP report is released from any country, it may affect your trading. According to the dictionary, Gross Domestic Product is defined as “The total market value of all the goods and services produced within the borders of a nation during a specified period.”

Australia will release its GDP report showing the rest of the world its economic growth on March 3, 2015, at 7:30 p.m. EST. This is a news report to be aware of if you are trading at this time of the evening.

This report can have a high impact on your trading. If the report comes out with a higher than expected number, it should be regarded as positive for the AUD while a lower number would be negative for the AUD.

Which Strategy To Try?

If you want to trade this news report, you can try an Iron Condor strategy. To do this, using Nadex spreads and utilizing the AUD/USD for your instrument, buy a lower spread and sell an upper spread. You can enter as early as 6:00 p.m. EST making sure that both contracts have the same expiration time of 11:00 p.m. EST. You want the ceiling of the lower spread to be equal to the floor of the upper spread. You are looking for a minimum profit of $30.

If you would like to take advantage of free trading education, visit www.apexinvesting.com.