Trades Placed by optionFair
NZD/USD
The NZD/USD yielded some great profits today. Christopher Lewis, one of my favorite signal providers, had this to say about the pair: “I feel that the Kiwi dollar will continue to be the favored commodity currency, and as such when indices and futures markets around the world rise”. Lewis is talking to the NZD’s relative strength compared to the USD, an investment opportunity using “High”, “Touch” and “No Touch down” instruments with binary options.
Using OptionFair, I traded €2,000 on the "High" instrument. The option offered a return of 75% if the underlying asset closed above a target price of 0.81494, which means that if Lewis is correct I could earn €1,500 on this investment alone investment.
I bought the option at 12:31 with expiration scheduled for 12:45. This means that I needed the asset to reach 0.81494 in the next 14 minutes for the option to be in-the-money. The asset finally closed on 0.81552 and I profited €1,500!
EUR/USD
“My suspicion is that the European debt crisis will remain much like it's been over the last year and a half. What I mean by this is that there will be new surprises, and that is probably was going to send this pair down”.
This is an excerpt from an analysis done by Christopher Lewis on the EUR/USD, pointing out a great investment opportunity using binary options and the “Low”, “No Touch “and “Touch down” on the pair.
I logged on to my optionFair binary options trading account and invested €1,750 using the “Touch down” instrument. The option offered 66% in returns if I am correct, meaning that if the pair touches the strike price prior to expiration, I could profit €1,155 on my investment.
At the buying time (11:37), the market price for the EUR/USD was 1.29647 and the target price was 1.29599. 21 minutes later the pair hit the target price and I won €1,155!
