Trades Placed by optionFair
USD/JPY
Christopher Lewis has been providing some great tips in his analysis of the USD/JPY: "I believe that now is the time to start looking for reasons to go long". Based on his analysis, the USD/JPY can have great results when trading binary options with the “High” and “Touch” instruments.
My current broker is optionFair, through which I invested $1,500 using the "High" instrument with a return of 80% if the option will close above the target price, or “in-the-money”. This means that my prediction is correct, I could see a $1,200 return on my investment.
I entered the option at 13:23 with a target price of 77.785 and expiration at 13:30. The asset closed at 79.045, earning me $1,200 instantly.
EUR/USD
Christopher Lewis’s analysis of the EUR/USD always points me in the right direction and today was no different. According to Lewis: “I have to admit that there is very little to keep this pair from hitting the 1.30 level. This essentially means that a short-term buy is in the cards”. Lewis is discussing investment opportunity created in the pair, meaning that a profit could be made with “High” and “Touch“ instruments on the EUR/USD.
I logged on to my optionFair binary options trading account and traded $1,000 on the “Touch” instrument. The option had a return of 77% if the option touches the strike price prior to the expiry, which means that if the signal is correct, I would be seeing a $770 profit on my investment. I entered the trade at 13:27 with a buying price of 1.29245 and a target price of 1.29313. It didn’t take long and at 13:32 the pair hit the target price, earning me $770 in no more than 5 minutes!
