One of the most important attributes that separate professional binary options traders from novices is that the former always focus their attention on reducing their losses and trading costs to a minimum. In contrast, the latter prefer to just dream about the profits that they can potentially achieve without paying too much attention to reality.
Experts not only constantly seek opportunities to improve the reward-to-risk ratios of their binary options trades, whenever suitable opportunities arise, but they also strive to reduce their trading expenses as a top priority. A great method that they deploy to minimize their overall costs is to apply for rebates from dedicated websites that specialize in servicing this type of facility. By becoming a subscriber with such companies, they can then attain refunds on a monthly basis that equate to a portion of the total amount that they deposited to trade binary options during the preceding month.
For example, envisage that you executed binary options during February by wagering a total sum of $1,000. Further, assume that you have registered with a firm that is willing to supply you with a 4% rebate. As such, irrespective of whether your trades won or lost, you would have still received a refund of $40 towards the end of March.
How can these companies provide such an operation? Basically, they are prepared to pay you a percentage of the profits that they receive from a broker if you are agreeing to join that particular broker using their affiliate link. In other words, they are prepared to offer refunds as a method to entice you to become their affiliate with those binary options brokers that they promote on their websites. As you must agree, such an arrangement can be lucrative for both you and them. Specifically, they have a mechanism capable of increasing their number of affiliates while you can reduce your trading costs.
Although binary options were specially devised to become a simpler investment vehicle than other more traditional types, such as the stock markets and Forex, you must still acknowledge that losing is an inherent feature. Consequently, you must embrace this feature as a central component of your trading strategies by aiming to minimize its impact as a top priority.
However, this skill is quite difficult to master and can take some time to achieve. As such, taking advantage of rebates can help you reduce your overall costs whether your binary options finish ‘in-the-money’ or ‘out-of-the-money’. You must admit that such an approach is a sound way forward.
Is acquiring rebates difficult to achieve? Do, it is not and is, in fact, quite straightforward. First, you need to undertake a suitable internet search, such as ‘binary options rebates’ or similar. Once you have located a firm specializing in this type of service, you then need to perform the following simple steps:
1. Open an account with the ‘rebate’ firm. This process is usually FREE.
2. Activate and fund a real account with a selected binary options broker using the affiliate link of the ‘rebate firm’.
3. Commence trading binary options as normal.
4. Receive a rebate at the end of each consecutive month.
That is it! What could be any simpler? By undertaking the easy process outlined above, you could be collecting refunds on your total binary options monthly outlay by exerting just minimum effort. In addition, you do not have to alter your standard binary options trading methods and habits in any way whatsoever. Hopefully, you will profit from your binary options activities but, if not, you will then have the comfort of collecting rebates irrespective of your results.
Are there any pitfalls, you may wisely ask? As the binary options industry is still in a state of development and is not regulated as well as other investment types, you should always adopt caution. This is because there are numerous rogue operators out there. As such, if you identify any potential companies offering rebates, then you should attempt to verify the validity of their business. You can accomplish this task by seeking reviews on the internet and visiting applicable online forums and message boards.
However, this effort could well be worthwhile if you can identify a viable source of rebates. This is because such a facility has many attractions, as already described.