Successful Trades on August 22, 2013

By: DailyForex.com

EUR/USD

According to Christopher Lewis analysis of the EUR/USD, “If that's the case, I feel that the US dollar will strengthen over time, and the Euro will probably suffer the most against it”. That creates an investment opportunity on the instruments: “Low”, “No Touch” and “Touch down”.

I logged in the OptionFair™ binary options trading platform and I traded $1600 on the "Low" instrument. This kind of option has a return of 84% if the option will close below the target price, which means that if the signal is correct I could get a return of $1344 on my investment.

The market price for EUR/USD at the buying time (11:40) was 1.33606 for the expiration of 11:50. The Asset closed on 1.33527 and I made $1344.

GBP/USD

Based on Christopher Lewis analysis of the GBP/USD, “Because of that, I feel that we could be getting ready to see a fairly significant pullback which could either send this market much lower, or just prove to be a nice buying opportunity” .That creates an investment opportunity in the following positions: “Low”, “No Touch” and “Touch Down”.

With optionFair™ binary options trading platform, I traded $1700 on the “Touch Down” instrument. This kind of option has a return of 72% if the option touches the strike price prior to expiry, which means that if the signal is correct, I could get a return of $1224 on my investment.

The market price for the GBP/USD at the buying time (11:10) was 1.55856 and the target price was 1.55767 for the expiration of 11:45. The Asset touched my target price at 11:19 and I made $1224.