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Forgive me for opening another topic about Forex. There is one already there but that one is about which is the best program. Several suggestions are done and I looked at several. It all looks promising but I would like to get some info from some more people who have already made a serious attempt at promoting Forex trading.
Are such people around here? And what are your experiences? Making any money? And is it anywhere comparable to casino earnings? Is it hard to get your website to take off in this Forex market?
I would be really interested in answers on these questions since we think about launching a Forex website but, of course, upfront it would be nice to know what the chances of succes are:)
THX!
There are definately Forex affiliates here because I have met and chatted with them at CAP events – In fact we might be getting a Forex affiliate program to sponsor an event at CAP Spring Break.
From what I have heard it can make you some serious $$ if you rank but it is really competitive – PPC is completely out unless you have serious wedge and know what you are doing. I was thinkijng of approaching it through possibly offline marketing – Interested to also hear actual feedback
I believe there is a future in promoting Forex Trading just by the results I am getting from my new venture. I also can tell you that you need to know yourself what is Forex to be able to promote it that is why I have posted some information here in the forum to give you some background knowledge.It is a hard market to get your head around and only recently I have started to see success from this market. It is very different than the online gaming sector with the exception, the forex market is still gambling, but in the money market.
I have done some considerable research on what works for a Forex affiliate and what does not. Here is basically my findings through looking at the stats of 5-6 different solid forex programs I am a member of.
1) The conversion from lead to depositor is about 1 in 9, so basically you need to see about 20 or more leads to see a couple of depositing leads. This ratio has been a good bench mark for me.
2) My site receives about 3,000+ hits a day and from that I send about 5 leads a day. You need to generate considerable traffic to make money.
3) The average deposit is $2,000 (this is the part I like as once you get those depositing signups onboard you are cash rich).I have summarized my findings of quality forex affiliate programs on http://www.forex-rates.biz/forex-affiliate-programs.htm
Good luck,
What I am wondering is how your exact cut is calculated. Do the forex platforms take like a 2.5% cut on all trades and the aff rev share is 25% of those 2.5%? Just trying to get my head round how the aff profit is calculated.
The commissions are calculated on a percent of the pip. Basically 20% of the pip, and some also give a CPA as well.
You make a set percent of the house profit, which is calculated as part of the fee generated b pips.
Alright that’s what I thought. So in some ways it’s more reminiscent of poker and rake. So regardless of the deposit you have to hope they “wager/trade” a lot once they’ve deposited.
Am I right in assuming you are on revshare with all of your programs and is that what you would recommend? :hattip:
Hey Goldfinger, Simon
I run the affiliate program at FOREXYARD, where we offer CPA, Revshare and Hybrid commission deals. Forex revshare is indeed similar to a poker rake: regardless of whether your “players” profit or lose their investment, you will still generate the same commission, based on the volume of trades executed by your referred players.
In terms of choosing a commission plan, revshare is the best long term option in my opinion – our highest earning affiliates/introducing brokers are all on revshare. Granted they either bring large depositing clients or high volumes of targeted traffic, but so long as you can consistently convert, then you have a good chance to generate decent monthly earnings.
Aside from currencies, we also offer the ability to trade commodities, such as Crude Oil, Gold and Silver. This is a niche area of the trading market and can be very profitable for revshare earners, as the minimum trade sizes involved are larger. A few affiliate sites promoting commodity trading have appeared in the last few months, but for the most part this niche is untapped!!
Click here to find out more about our forex program, or send me a mail.
Bests,
Hugh Gordon
Affiliate Manager
FOREXYARDForexyard… can you give us a rough estimate on what your top 10 affiliates earn.
Their is money to be made in the forex market but you need to know
how the market works in order to really promote forex effectively. I
developed a forex site, but never really had the passion for the market.I have http://www.ForexBids.com, a white label site for forex-affiliate.com that
is for sale, if anyone is looking for a fresh start in the forex market.Hi All,
Just a quick one regarding Forex – At CAP Euro Amsterdam – We will be having a specific forex area in the expo hall as well as a corresponding cionference stream so whether you are in the market or interested definitel pay the exhibitors a visit and sit in the sessions. There is definitely some serious money to be made here
Alex
Just a reminder for those Forex or even travel affiliates out there that they can add our currency converter to their website.
Please visit http://www.forex-rates.biz/cet.htm to learn more about our currency converter, and for an example visit http://www.worldtrailfinders.com
@MrYook 197955 wrote:
Their is money to be made in the forex market but you need to know
how the market works in order to really promote forex effectively. I
developed a forex site, but never really had the passion for the market.I have http://www.ForexBids.com, a white label site for forex-affiliate.com that
is for sale, if anyone is looking for a fresh start in the forex market.You make money with forex-affiliate.com? I send a ton of traffic to them and hardly make anything. I believe their brand has been over-saturated and the customer support to the forex traders is weak and unknowledgable.
