Based on Doug’s analysis of the EUR/GBP, the pair is climbing. That creates an investment opportunity in the instrument: “High”. With optionFair™ Binary Options Trading Platform, I traded with $1,000 on the “High” instrument. This kind of option has a return of 70% if the option expires above the strike price. The strike price for the EUR/GBP at the buying time (10:33) was 0.8361 for the expiration time at 11:00. The EUR/GBP went up and the option expired at 0.8377, above the strike price, therefore giving me $700 on my investment!
Due to a low volatility in the markets, especially with the EUR/USD, volatility sensitive instruments such as: “No Touch”, “No Touch Down” and “In” are recommended for trading. With optionFair™ Binary Options Trading Platform, I placed $1,000 on the “Boundary” instrument (choosing "In"). This kind of option has a return of 70% if the option expires “in the money”, which means I’ll get a return of $700 on my investment. The market price for EUR/USD at the buying time (11:02) was 1.2926 and in order to win the option- the market price needs to stay in between 1.2921-1.2931. The pair did stay within the boundary. The option expired at 1.2929 and I earned $700!