Trades Placed by OptionFair
Based on Doug’s analysis of the EUR/GBP, the weakness in the EUR creates an investment opportunity in the following positions: “High” or “Above”, “Touch” or “No Touch Down” on the EUR/GBP.
With optionFair™ binary options trading platform, I traded $1,000 the “Low” instrument. This kind of option has a return of 70% if the option expires below the strike price which means that if the signal is correct I will get a return of $700 on my investment. The market price for EUR/GBP at the buying time (11:14) was 0.86983. The option expired at 11:30 with market price of 0.86858.
If the British Pound decides to go up, you can choose the instrument which will follow it through – “Touch”, “No Touch Down” or “High”.
With optionFair™ binary options trading platform, I traded $1,000 on a “No Touch Down” instrument. This kind of option has a return of 72% if the option expires above the strike price, so if the signal is correct, I should see a return of $720 on my investment. The market price for GBP/USD at the buying time (12:38) was 1.5528.
Although the option was moving on the right direction, I chose to close the option prior to expiry time and collect some of the profits. On this particular case I earned over $400 (more than 40%) in less than 30 minutes.