Forex Reviews & News

Trades Placed by optionFair

EUR/JPY

Christopher Lewis states in his analysis of the EUR/JPY, “I suspect that this area will meet quite a bit of selling… I won’t be buying this pair”. This indicates an investment opportunity with the instruments; “Low”, “Touch” and “No Touch”.

I logged onto the optionFair trading platform and traded $1400 using the "Low" instrument. This kind of option has a return of 70% if the option will close below the target price, meaning that if the signal is correct I could get a return of $980 on my investment.

The target price for EUR/JPY at the buying time (11:32) was 103.284 for the expiry time of 11:45. The asset closed on 103.267 and I made $980 in less than 15 minutes.

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD, “I only have an upward bias at this point time. I do not see a situation where willing to sell this pair.” This indicates an investment opportunity using the following positions: “High” or “Touch” on the USD/CAD.

With optionFair’s trading platform, I traded $1500 using the “Touch” instrument. This kind of option has a return of 66% if the option touches the strike price prior to the expiry, meaning that if the signal is correct, I could get a return of $990 on my investment.

The market price for the USD/CAD at the buying time (11:48) was 1.00089 and the target price was 1.00128. At (11:54) the market hit my target price and I earned $990 in 6 minutes!