29th October: Early close on the FTSE100 (Video:1m48s)

During mid September I started to become a little wary of the Indices markets and felt they were more likely to move lower rather than higher so based on my analysis I took on a few Binary Option Positions in the major indices. One of them was in the FTSE were I placed a No-Touch Barrier option trade for the 6930 level running until the end of November.  Thankfully after I placed the trade the markets did indeed mover lower.

These positions take very little in terms of maintenance and management and I only check in on them once or twice a week for a few moments. When I checked this position this week the option price had moved to 99% of my target. Hanging on for a further 30 days to capture 1% of profit would be foolhardy so I closed the position for a 43% uplift.

If you’d like to learn more about how you could add these low-maintenance positions to your existing trading then drop me a line.

Trade well,

Paul

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

View all posts by FXTraderPaul

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4 Comments on “29th October: Early close on the FTSE100 (Video:1m48s)”

  1. george12345xx Says:

    Nice trading Paul! You make it look so easy 🙂

    Liked by 1 person

    Reply

  2. hugh Says:

    this trade has worked out nicely..I’m still learning the art so I would find it useful if you included your reasons for entry as well as exit. much success

    Like

    Reply

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