Successful Trades on Jan 21, 2013

Trades Placed by optionFair

USD/CAD

Christopher Lewis stated in his analysis of the USD/CAD : “The overall downtrend has been so strong… I firmly believe that selling at this point is relatively safe”. This indicates an investment opportunity with the instruments: “Low”, “No Touch” and “Touch”.

I logged onto the optionFair binary options trading platform and traded $1500 with the "Touch" instrument, and selected ‘down’. This kind of option has a possible return of 66% if the option touches the target price prior to expiry, which means that if the signal is correct I could get a return of $990 on my investment.

The market price for USD/CAD at the buying time (11:12) was 0.99233 and the target price was 0.99200 for the expiration of 11:45. At 11:14 the market hit my target price and I made $990 in 2 minutes!

EUR/JPY

Christopher Lewis stated in his analysis of the EUR/JPY that, “I firmly believe that this pair will continue higher over the long run”, the following positions create an investment opportunity: “High”, “Touch” and “No Touch”.

I logged onto the optionFair binary options trading platform and traded $1,600 on the "High" instrument. This kind of option has a potential return of 70% if the option closes above the target price, which means that if the signal is correct I could get a return of $1,120 on my investment.

The market price for EUR/JPY at the buying time (11:03) was 118.962 for the expiration of 11:15. The asset closed at 119.077 and I made $1,120.