Trades Placed by optionFair
GBP/USD
Following Christopher Lewis and his analysis of one of my favorite pairs - the GBP/USD - had been getting me great results lately. Today he said: "I am willing to give the market a little bit extra room when we approach the 1.63 level and keep my stops a little looser than usual". Lewis is describing a scenario in which the “high” and “touch” instruments for binary options are an ideal way to create a nice profit.
I logged on to my binary options broker (optionFair at the moment), invested $1,700 with the "High" instrument for an 85% return if I'm in-the-money. Some quick math reveals that this option has the ability to create a nice $1,445 profit on my investment.
The target price for GBP/USD at the buying time (10:47) was 1.61118 and expiration scheduled for 11:15. Luckily, he Asset reached expiration with a value of 1.61181, making my optionFair trading account $1,445 more impressive than what it was a mere 30 minutes ago.
EUR/USD
Christopher Lewis is a “grade A” analyst that has been providing excellent signals that have earned me significant amounts of money. For the EUR/USD, he had this to say: “I believe I will see it at the 1.30 level or just above, but in the meantime all we can do is be long small positions”. Basically, it means that the “High” or “Touch“ are the way to go on the EUR/USD pair.
Using my optionFair binary options trading account, I traded $1,500 with the “Touch” instrument. This option offered a return of 77% if the option touches the strike price prior to the expiry, meaning that if Lewis is correct in his analysis, I could profit $1,155. At the buying time (which was 10:30), the market price for the EUR/USD was 1.29132 and the target price was 1.29193. Within 5 minutes the pair hit the target price, earning me $1,155 in an incredibly short amount of time!
