Successful Trades on Jan 24, 2013

Trades Placed by optionFair

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD that, “I do think that eventually we will breakout to the upside” and “there's certainly plenty of bullishness involved”. This indicates an investment opportunity through the following positions: “High”, “Touch” and “No Touch”.

I logged onto the optionFair binary options trading platform and traded $1700 on the “Touch” instrument. This kind of option has a potential return of 85% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1309 on my investment.

The market price for the EUR/USD at the buying time (10:27) was 1.33036 and the target price was 1.33113 for the expiration of 10:45. The asset touched my target price at 10:28 and I made $1309 in 1 minute!

USD/JPY

Christopher Lewis stated in his analysis of the USD/JPY that, “I do believe that this pair goes higher and eventually breaks above the 90 handle.” This indicates an investment opportunity through the following positions: “High”, “Touch” and “No Touch down”.

I logged onto optionFair’s binary options trading platform and traded $1500 on the "High" instrument. This kind of option has a possible return of 65% if the option closes above the target price, which means that if the signal is correct I could get a return of $975 on my investment.

The market price for USD/JPY at the buying time (10:17) was 89.332 for the expiration of 10:30. The asset closed at 89.384 and I made $975.