Trades Placed by optionFair
EUR/JPY
My most trusted signal provider, Christopher Lewis, had this to say about the EUR/JPY today: “I think if we can get above the 102 handle, which of course is over the down trend line, we could see a significant move higher". Using binary options I can easily turn this into profit using the “High” and “Touch” instruments.
I logged on to my OptionFair account and traded €2,000 on the "High" instrument. The option had a return of 85% if the option closed above the target price, which means that if the signal is correct, I could get a return of €1,700 on my investment.
The target price at the buying time (10:28) was 102.479 and expiration scheduled for 10:45. Expiration arrived and the asset closed on 102.578, earning me €1,700.
GBP/USD
Christopher Lewis’s analysis of the GBP/USD included this interesting segment that could easily be transformed into an investment opportunity: “If we do manage to break the 1.60 level, I am not willing to sell this pair until we go below the 1.57 handle”. Lewis is describing an ideal use of the following positions: “High” or “Touch“ on the GBP/USD.
Using optionFair as me binary options trading platform, I invested €2,000 on the “Touch” instrument with a return of 72%. This means that if the option touches the strike price prior to expiration (the signal is correct), I could easily earn of €1,440 on my investment.
At the buying time (11:38), the market price for the pair was 1.60872 with a target price of 1.60936. 18 minutes later, the GBP/USD touched the target price, adding another €1,440 to my account in a shorter time than my commute to work!
