Successful Trades on May 16, 2012

Successful Trades on May 16, 2012

Trades Placed by optionFair

USD/CAD

According to DailyForex analysis of the USD/CAD, the pair is going down and will continue to stay bearish. That creates an opportunity on the instruments: “Low” and “Touch Down”. I logged in the optionFair™ Binary Options Trading Platform and I traded $1,000 on the "Low" instrument.

This kind of option has a return of 81% if the option closes below the target price, meaning if the signal is correct I could get a return of 810$ on my investment.
The target price for USD/CAD at the buying time (11:01) was 1.01143 for the expiration of 11:15 The pair closed on 1.01086 and I made $810 in 14 minutes!

EUR/USD

Based on Daily Forex analysis of the EUR/USD, the weakness in the EUR creates an investment opportunity in the following positions: “Low” or “Touch Down” on the EUR/USD. With optionFair™ Binary Options Trading Platform, I traded $1,000 on the “Touch Down” instrument.

This kind of option has a return of 77% if the option touches the strike price prior to the expiry. I could get a return of $770 on my investment. The market price for the EUR/USD at the buying time (11:30) was 1.27367 and the target price was 1.27257. At 11:36 the market hit my target price and I won $770 in 6 minutes!