Hi Guys,
I was thinking about getting in to the Forex affiliate game, but then I found out that there
are also Binary Options sites
eztrader
anyoption
bbinary - and few others
So if anyone can tell me his thought…
Thanks…
Mark
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is this stuff considered gambling? guess so
@radicaldomains
Is this stuff considered gambling..
depends on your approach to it. You can either guess/take a gamble or take a more analytical approach. One of the common pitfalls is that beginners assume binary options is easy to trade (indeed it is) but the time period between the 'lock-in' of a trade and the expiration can be quite volatile and the charts don't quite paint the right picture, they only show you how the commodity/currency was performing the last couple of minutes. Remember you're hedging your money on pips movements and 5 minutes can seem like eternity.
@mark-mayer
Indeed Binary options is a good place to start, if you're in for the long term and want to understand forex yourself/move to promoting forex at a later stage. Most of the brokers you listed there have a minimum trade amount of $30 with first min. deposit of $100 (consequent deposits can be as low as $30)
And that's something quite achievable. Eztrader for example gives out a $120 - $180 CPA, and the first deposit is something that is considered 'average' also, due to the high market movements, it keeps the customer you refer quite interested to trade as well.
The forex industry in general has a very good customer retention strategy in place, so you can be sure that the brokers you promote will do their best to not let the new customer become dormant.
The only downside is that for most binary options, you get a deposit bonus for a min. of $500 on average.
Forex No Deposit Bonus | Forex Affiliate Program Review
I have to agreed with John, it all depends on the approach you have, if your pretty much guessing then yes it is gambling, that why i always recommend a broker that actually helps understand the market and helps you on your trades, in VIP Binary you get these and much more, you get personal assistance on all your trades, in VIP Binary for your deposits you get bonus and even 100% secure trade, and withdrawals are right on time, i really recommend VIP Binary since you simply get more for your money.
Binary options are golden space for all affiliates...Of course i will repeat from time to time that the mutual benefit and profit for the BO broker and Affiliate partner depends on mutual efforts. The following keys to success in binary options are:Quote:
Originally Posted by mark-mayer
-Targeted audience; age 30-40, business people, probably ananlysts
-Strong sales team...our sales team are able sometimes to convert up to 37% of traffic. however this should be a quality traffic for sure
- Good landing pages and marketing materials
- strong marketing strategy from an affiliate
This will definitely bring You towards the success with a possibility of $6000 per month earning.