In the previous article, we started with how one can start trading under a binary option affiliate program. The topic continues this time as well with few more steps needed to take to proceed with this stuff.As it is obvious that the market of binary options trading is growing with a rapid pace and the chances for the growth and development have also increased for the affiliates and traders along with earning huge revenues.
In the previous article, it has been suggested to select the asset in the underlying market to initially start with trading in the binary options market. The affiliates can rely on a trading website or the binary option brokerage company for riding on the successful road of options trading. These trading companies charge very little amount to become a registered member of the company and reward a certain percentage of commission for the affiliate trade or referrals made.
Selecting Expiration Time and Conducting Analysis
After selecting your market as well as the underlying asset, deciding upon the expiration time of the asset is highly important. You can choose it either for the next hour, day or month. After selecting the expiration time for your asset, now it becomes important to decide about the direction in which you think that the price of the asset will move until it reaches to the expiration time. You can now selection the ‘put’ option, if you think that the price of the asset will decrease till its expiration time. You can otherwise, go for a ‘call’ option, if you think that the asset price is going to be higher till its expiration time.
Examining the ROI
Conducting analysis before expecting the direction of the asset price before its expiration is essential. However, after you complete with the analysis, it is most appropriate to select an option. For example, if you are going to deal with Gold as an asset in the binary options trading market and you think that the Gold price will reduce in less than a day or 24 hours, buying a put option for the Gold price is important till it expires in a single day itself. Typically, if your prediction seems correct and the expiration of the option is in-the-money you will definitely become entitle towards receiving the higher returns between 75% and 85% of your initial investment. If you are accepting all the terms, you are free to buy any option either for a little amount of $10 up to a maximum amount of $5,000. Many Advanced binary options affiliates or traders also deal in multiple options for strategically being in-the-money.
BestForexPartners is an amazing destination for the forex affiliates to earn and grow in the growing market scenario. The attractive commissions and rewards are the other aspects of gaining a lot from the world of forex.