Trades Placed by optionFair
AUD/USD
Following Christopher Lewis’s forecast for the AUD/USD has proven profitable yet again. Today he said, “Because of the Chinese economy slowing down, other global markets are starting to look weak and the rate cuts seem to be ready to happen, I am shorting this pair at the 1.0150 level”.
This situation is an ideal opportunity for using binary options and the “low”, “no touch” and “touch down” instruments.
Using optionFair as my trading platform, I traded €2,300 on the "low" instrument that offered a return of 81% (€1,863) if the option closes below the target price. At the buying time (11:01), the pair’s target price was 1.02394 and expiration scheduled for 11:15.
Luckily, the option was well below the target price by 11:06 and continued to perform steadily until it expired at 1.02367, adding €1,863 to my account in just 14 minutes.
USD/CAD
The USD/CAD is becoming an increasingly interesting pair, especially when combined with a reliable forecast. Christopher Lewis has been offering remarkably accurate predictions for the pair and today he had this to say: “I think that we will continue to bounce around in the former consolidation zone and aim for the 1.04 level”. Lewis’s advice can be interpreted as an investment opportunity using the following positions: “high”, “touch“ and “no touch down”.
Following a quick comparison between some of the more prominent binary options brokers, I decided to invest through optionFair simply due to their aggressive pricing and return policies that aren’t available elsewhere. Once logged in, I invested £1,750 on the “touch” instrument with 66% return. This means that if the option touches the strike price prior to expiration, I could profit £1,155.
I bought option at 10:59 with a market price of 0.97810 and a target price of 0.97835. At 11:02, a mere 3 minutes later, the market hit my target price and I won £1,155!
