What is forex affiliate marketing?
Ever thought of monetising your traffic or followers through forex affiliate programs but not sure where to start?
In this thread we cover how they work.
Here are some of the best forex affiliate programs: independentinvestor.com/news/forex-aff…
What is an affiliate program?
An affiliate program is basically an agreement where you, as a promoter, get paid a fixed amount of money for every referred customer you send to the merchant. In essence, it allows you to earn money from your visitors who buy promoted services.
Where do I get traffic from?
This is a beauty of affiliate marketing as you can utilise many different means like websites, blogs, email lists, social media, forums, etc. as long as people are interested in the service you are promoting.
So why forex affiliate program?
It's the popularity of forex trading that makes forex affiliate marketing so lucrative. With so many people looking to try forex or CFD trading (even financial spread betting), it's no surprise there are many websites promoting forex/CFD brokers.
What about the pay?
As an affiliate you'll be paid for every referred client (who meets requirements such as minimum deposit and a number of trades). On top of that, Contracts For Difference / Forex brokers offer some of the highest commissions.
Do I need to have a website?
Technically, you don't need to have a website as long as people sign up through your referral link; although, many brokers will want to know your source of traffic and having a good looking website would increase the chance of you being accepted.
How much money can I make?
The amount of money you make really depends on the quality and quantity of your traffic. As you only get paid when people actually sign up and start trading it's important that your referrals are actually interested in CFD and forex trading.
Final words.
Many brokers offer more than just forex trading, they can offer CFDs, financial spread betting, stock trading, etc. So whatever product your referrals choose you'll still be paid.
And remember, traffic quality plays a vital role in affiliate marketing.
Do people still use forex and other trading forums?
Forums still play an important role as it is an easy way to share your trading ideas and talk to fellow traders.
Here are a few ideas why cfd and forex forums are still good: independentinvestor.com/forex/forex-fo…
There are many trading instruments to choose from... let's take CFDs, forex, and financial spread betting to start with. On forums, traders share about their experiences and help you to choose the right instrument for you.
What about strategies?
What about your favorite strategy? Forums allow traders to share their strategies and tests. It is a good idea to share and see what works for others.
Looking for the best forex account?
What do you check and how do you find the best forex broker for you needs? What does it take to find a good forex account to be safe and concentrate on trading? independentinvestor.com/forex/brokers/
Let's see what forex traders look for:
1. Reputation.
Do you read what other forex traders have to say about your broker? In fact, it will take you just a bit of time but you get to see what others think and how good your forex broker is. Don't underestimate the value of reviews.
2. Regulations.
It's needless to say that you should only trade with regulated forex brokers. Choose a broker which is regulated and avoid the bucket shops. You will benefit long term if your broker is regulated and your funds are protected.
What is the deference between Contracts For Difference and financial spread betting?
Let's get the main points right and see what they have in common and where they actually differ.
spread betting vs CFDs independentinvestor.com/cfd/cfds-vs-sp…
1. Both, spread betting and CFDs, offer a wide range of markets to trade; you literally can trade practically anything with both instruments - indices, shares, commodities, cryptos, forex, etc. It's incredible, you can trade almost anything.
2. Tax Treatment. That's where it gets interesting as both offer tax advantages as you don't actually hold physical assets but and this is a big but, there's absolutely no tax on your profits from financial spread betting.
What is the best spread betting broker?
This is the questions many might be asking and there is no right or wrong answer.
But there are ways to find the best spread betting companies and here are some tips: independentinvestor.com/spread-betting…
1. Regulation. Make sure your financial spread betting broker is regulated by the FCA. The FCA do their best to protect spread betting traders and anybody involved in trading financial markets to make sure people only trading with reliable brokers.
2. Spreads and overnight charges. Those will play a huge role in your trading career as every single penny you pay in charges is a penny saved and thus profit. Make sure you compare and read reviews about spread betting brokers.
Why is forex trading so popular in the UK?
We can see that forex trading is still a thing in many countries but why is it still so popular in Great Britain in particular? What is that makes Brits trade forex?
1. London is the financial capital of Europe. Whether you like it or not, London is still there and kicking. This makes the UK the major hub for financial institutions and forex brokers in particular. independentinvestor.com/forex/brokers/…
2. FCA regulation. After the Brexit so many expected forex and other brokers to leave London and move somewhere else. What really happened? More international brokerages applied for the FCA regulation. Like it or not... FCA is the name in the industry.
Is CFD trading really popular and where?
What makes CFDs so special and why in some countries they are so popular? Let's have a look at the countries where Contracts For Difference are popular.
It's no surprise that in these countries broker competition is fierce.
United Kingdom: it is no surprise that CFDs are very popular in the UK. British have a rich history of investing money in shares and other financial instruments and CFDs offer an easy way to trade a wide range of products. independentinvestor.com/cfd/brokers/uk/
Australia: it's hard to say why CFDs are so popular there, maybe it's because of the close ties to the UK but it is a fact that CFDs are popular in Australia.
It is no surprise that it's home to some of the best and most trusted CFD brokers in the world. independentinvestor.com/cfd/brokers/au…