Trades Placed by optionFair
EUR/USD
According to Christopher Lewis and his analysis of the EUR/USD for the day: “In the short term, actually plan on buying on the dips”. Lewis is referring to a situation that creates an attractive investment opportunity using instruments such as the “High”, “Touch” and “No Touch down” as ideal for turning a quick profit.
To capitalize on this opportunity, I logged on to my OptionFair™ binary options trading account and invested $1,250 using the "High" instrument. The option has a fixed return of 85% if the option will close above the target price (in-the-money), which roughly translates into a profit of $1,062.5 if the signal is correct.
I entered the trade at 11:23 with a target price of 1.27895 and the expiration set for 11:30. The asset reached 1.27934, confirming my prediction and leaving me with $1,062.5 made in 7 minutes!
AUD/USD
Christopher Lewis’s analysis of the AUD/USD described some very interesting opportunities: “I believe that we will see parity in relatively short order. However, I think is more likely that we see 1.05 before that happens”. Using the “High”, “Touch “and “No Touch down” are ideal for this situation and can easily turn a profit with the AUD/USD pair.
Using optionFair™ (my current binary options trading platform), I traded $1,500 on the “Touch” instrument with a return of 70% if I’m in-the-money (the option touches the strike price prior to the expiration). Basically, it means that if Lewis is correct, this option alone could yield a $1,050 return on my investment. At the buying time (10:21), the AUD/USD was at 1.03463 and the target price was 1.03536.
The asset quickly touched the target price at 10:29, making me $1,050 richer and only 8 minutes older!
