Trades Placed by optionFair
GBP/USD
Based on Christopher Lewis’ analysis of the GBP/USD, "The Bank of England seems to be content with its current monetary policy and the Federal Reserve seems to be intent on quantitative easing, it makes sense that this currency pair would continue much higher". That creates an opportunity on the following instruments: “High”, “Touch” and “No Touch Down”.
I logged into the OptionFair™ binary options trading platform, and traded $1000 on the "Touch Down" instrument. This kind of option has a return of 72% if the option will hit the strike price prior to expiry, which means that if the signal is correct I could get a return of $720 on my investment.
The market price for GBP/USD at the buying time (10:11) was 1.5858, and the target price was 1.58634 for the expiration of 10:45. The price touched my strike price at 10:18. As a result, I won my position in only 7 minutes!
AUD/USD
Based on Christopher Lewis’ analysis of the AUD/USD, “The Aussie simply hasn't been able to gain traction. Because of this, I am selling the Australian dollar on rallies that fail”. That creates an investment opportunity on the following instruments: “Low”, “No Touch" and "Touch Down".
I logged into the OptionFair™ binary options trading platform, where I traded $1000 on the "Low" instrument. This kind of option has a return rate of 81% if the option closes below the strike price, which means that if the signal is correct, I may get a return of $810 on my investment.
The target price for AUD/USD at the buying time (10:25) was 1.01824 for the expiry of 10:45. The pair expired at the price of 1.01814, below my strike price. It means that I won my position!
