Trades Placed by optionFair
EUR/JPY
Christopher Lewis's newest comments about the EUR/JPY are short, to the point, and reveal a great investment opportunity with the pair: "I do like buying this pair". Lewis’s words can be converted into profit using one of the following instruments: “high”, “touch” and “no touch down”.
I logged in to my OptionFair binary options trading account and I traded $1,200 with the "touch" instrument that offered a return of 72% if the option expires in-the-money. This means that if the option touches the strike price prior to its expiration (the signal is correct), I could easily earn $864 on my investment.
I bought the option at 12:47 when the EUR/JPY was valued at 100.976. The target price was 101.020 and expiration set for 13:15. At 12:54 the pair hit my target price and I won $864 in just 7 minutes!
EUR/USD
Following Christopher Lewis's analysis of the EUR/USD is proving to be a good decision. Today he said “this pair will be hard to predict until the release of the non-farm payrolls on Friday”. Lewis is referring to the non-farm payroll report (states the number of jobs created during the previous month in the US) and its impact on USD, which in turn affects its value against the EURO. Due to the increased volatility caused by speculation on the report’s contents, we have an investment opportunity using the "out" position.
Using optionFair’s binary options trading platform I invested $1,500 using the “out” instrument. The option offered a return of 70% when the option expires out of range.
When I entered the trade (12:25) the pair was priced at 1.29233 and the expiration’s price range between 1.29175 and 1.29291. Expiration was set for 13:00, meaning that in order for me to profit, the pair had to reach a value outside of the designated range at exactly 13:00. Luckily, the option expired well out of range at 1.29054, earning me $1,050!
