Raw material: Trade cotton with binary options ( part 2 )

raw-materials-trading-cotton-binary-optionsHow does the price vary? The price of cotton varies significantly from one variety to another, so many criteria must be considered such as the quality of the fiber. This phenomenon exists because there is no international benchmark on cotton. For this reason, the benchmark prices are determined afterward, several months after production and delivery. The price of cotton has undergone many phases. It reached record highs near the end of the 90s, and then fell into a period of depreciation until 2008. Since then it hasn’t stopped climbing.

An asset influenced by petroleum: To best understand and predict cotton price trends, it is essential to consider them in comparison to petroleum’s price trends. Petroleum is one of the primary raw materials, competing with cotton and used to fabricate synthetic fibers. When petroleum prices rise, demand for cotton increases and its’ price will rise as a result.

It would be wise considering the current petroleum prices to trade on a raw material like cotton using binary options. Don’t hesitate! Consult our digital options broker comparison tool and make your first deposit now!

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