Trades Placed by optionFair
USD/CHF
Christopher Lewis provided an interesting analysis of the USD/CHF that could easily be employed as a great investment opportunity. Lewis said that “the trend is most certainly down over the last several months, and I see no reason why this is about to change”. This downtrend can be used as an investment opportunity with the following instruments: “Low”, “No Touch” and “Touch down”.
Using optionFair as my binary options trading platform, I traded €2000 on the "Low" instrument for a return of 81% if the option closed above the target price. Of all goes well, this option could provide me with a profit of €1,620.
The target price offered for USD/CHF at the buying time (10:46) was 1.02394 for expiration at 11:30. This was a longer wait than usual, but the asset finally closed on 0.92789 and I earned €1,620!
EUR/USD
Following Christopher Lewis's analysis of the EUR/USD has become a habit for me, and today was yet another great example of how a good signal provider can breathe life into your investment portfolio. Lewis said that “until we get below the 1.28 on a daily close, I will be trading the short-term only.” This can easily be used to create an investment opportunity with the “Low”, “No Touch “and “Touch down” instruments on the EUR/USD.
I logged on to optionFair, my preferred binary options trading platform and invested £1,750 on the “Touch” instrument. This option offered a return of 77%, meaning that if the option reaches (touches) the strike price prior to expiration, I could get a return of £1,260 on my investment.
I bought the option at 12:51 with a market price of 1.30744 and the target price was 1.30696. It only took 5 minutes and the asset hit my target price and I won £1,260!
