Successful Trades on Mar 14, 2013

Trades Placed by optionFair

GBP/USD

Christopher Lewis stated in his analysis of the GBP/USD that, “We are most decidedly in a downtrend, and I don't see that changing anytime soon”. This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged in the OptionFair binary options trading platform and I traded $1600 on the "Low" instrument. This kind of option has a possible return of 85% if the option will close below the target price, which means that if the signal is correct I could get a return of $1360 on my investment.

The target price for GBP/USD at the buying time (10:02) was 1.49409 for the expiry of 10:10. The asset closed on 1.49388 and I made $1360.

EUR/USD

Christopher Lewis stated in his analysis of the EUR/USD “I believe we are running sideways with a downward bias over the course of the next several weeks.” This indicates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch”.

I logged in the OptionFair binary options trading platform and I traded $1700 on the “Touch” instrument, selecting the ‘down’ button. This kind of option has a potential return of 77% 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 (10:20) was 1.29704 and the target price was 1.29628 for the expiration of 10:45. The asset touched my target price at 10:32 and I made $1309 in 12 minutes!