Trades Placed by optionFair
NZD/USD
Following Christopher Lewis's recent analysis of the NZD/USD provided a unique investment opportunity. Lewis expressed his faith in shorting the pair by simply stating: “I like selling this pair”. For this situation, binary options offer the “Low” instrument – an ideal means of generating revenue.
Once logged in to my optionFair binary options trading account, I invested €2,000 on the 75% return "Low" instrument. This means that I can profit €1,750 if the option expires above the target price (Lewis is correct).
I bought the option at 9:13 with a target price of 0.81318 and expiration set for 9:30. This means that in order for me to profit, the asset must reach the target price or lower within the next 17 minutes. The option eventually closed with the asset at 0.81239, earning me a profit of €1,750!
AUD/USD
Christopher Lewis provides great analysis that rarely misses the mark. Today, he had this to say about the AUD/USD pair: “I am very bearish of the Australian dollar on the whole". Lewis believes that the pair is on it's way up, creating an investment opportunity in the following positions: “high”, “touch“ and "no touch down”.
Before entering a trade, it is advised to check up on the different offers available with the brokers you trade with. optionFair offered a 70% return on the "touch" instrument – a higher figure than the competition.
Once logged in, I proceeded to invest €1,750 for an expected return of €1,225 (70% of my investment) if the signal is correct and the asset touches the target price of 1.03142. Once I've entered the trade, it's taken only 27 minutes for asset to reach the target price, generating a profit of €1,225!
