Trades Placed by optionFair
USD/CAD
Carefully following a reliable signal provider can yield very positive results, as can be seen with Christopher Lewis and his analysis of the USD/CAD. Lewis described the pair, saying that "the beauty of selling this pair of course is the fact that it does go with the overall trend”. Following this analysis, I've created an investment opportunity with the "low" instrument offered by optionFair.
Once logged in to my optionFair account, I've invested £2,000 on the "low" instrument that offered a return of 81% - a very attractive number that is usually not available with other brokers. Using this instrument, I need the option to expire below the target price to generate a revenue of £1,620.
I entered the trade at 10:10 with a target price of 0.99511 and expiration set for 10:30. This means that the asset has 20 minutes to reach the the target price (or below) so that I can profit from the trade. Luckily, the asset reached a price of 0.99485 at expiration, earning me a profit of 1,620!
EUR/JPY
Following Christopher Lewis's analysis of the EUR/JPY proved profitable yet again! Lewis said that "The fact is that the market will go directly to 108, and there will be pullbacks from time to time. But in the big scheme of things it does appear this market wants to go much higher". Lewis is referring to a scenario in which the "High", "Touch" and "No Touch down" binary options instruments can be used to create profit.
Using optionFair as my binary options trading platform, I've invested £2,000 on the “Touch” instrument due to the high return offered. The option offered a return of 72% if the option touched the strike price prior to expiration, which means that if the signal is correct, I could profit £1,440 on my investment.
I bought the option at 10:10 with a target price of 103.942 and expiration set for 10:45 - plenty of time to reach the target price. 13 minutes later, the asset reached the target price, earning an impressive profit of £1,440 in an exceptionally short amount of time!
