An Introduction To How You Can Promote Forex Products As An Affiliate
James Woolley
October 10, 2009
A lot of people are anxious to learn more about currency trading either because they want to trade forex themselves or because they want to promote affiliate products in this niche. However in this article I want to talk specifically about affiliate marketing, and discuss the two different types of affiliate programs that you can promote within this niche.
For a start you can concentrate on promoting basic forex products, just like you would in any other niche. For example you could promote home study courses, ebooks and online courses that discuss profitable trading strategies, forex robots or regular membership services such as charting software or trading signals, for instance.
There are many different products you can promote. However it's always a good idea to put a product to the test before you start promoting it. This is doubly important in the forex niche because there are many poor quality products being sold online.
If you do end up promoting some of these products you will not only have many of your transactions reversed due to a large number of refunds, but you will also tarnish your reputation because people will soon lose trust in you if you are selling them any old rubbish just to make some extra money.
The other main type of affiliate program is the one that is offered by a number of forex brokers, which usually pay you commission on a cost-per-lead basis. There are thousands of different online forex brokers available and a large number of them will have their own affiliate program.
However it's worth bearing in mind that the ones that do will usually be overseas companies because if they are based in the US or even the UK, for example, they will be heavily regulated and therefore unable to offer their own affiliate program. Instead they will only be able to offer deals for fully licensed introducing brokers. So the major problem you face when promoting a forex broker that offers their own affiliate program is that you will usually have to advertise this broker to non US-based citizens, which is sadly where a lot of affiliates get most of their traffic from.
Therefore the most profitable plan of attack is to either put all your efforts into promoting specific products or services so you can promote them to a global audience, or promote both forex brokers and forex products so your US traffic isn't completely wasted.
Both of these types of affiliate programs can be extremely profitable but I personally have always found it to be more profitable to stick to promoting the many different products and services that are available, particularly the expensive (and high quality) trading courses. However at the end of the day only you can decide which type of affiliate program you want to promote.
James Woolley is both a forex trader and affiliate marketer. Click here to discover which forex affiliate programs he most recommends.
For a start you can concentrate on promoting basic forex products, just like you would in any other niche. For example you could promote home study courses, ebooks and online courses that discuss profitable trading strategies, forex robots or regular membership services such as charting software or trading signals, for instance.
There are many different products you can promote. However it's always a good idea to put a product to the test before you start promoting it. This is doubly important in the forex niche because there are many poor quality products being sold online.
If you do end up promoting some of these products you will not only have many of your transactions reversed due to a large number of refunds, but you will also tarnish your reputation because people will soon lose trust in you if you are selling them any old rubbish just to make some extra money.
The other main type of affiliate program is the one that is offered by a number of forex brokers, which usually pay you commission on a cost-per-lead basis. There are thousands of different online forex brokers available and a large number of them will have their own affiliate program.
However it's worth bearing in mind that the ones that do will usually be overseas companies because if they are based in the US or even the UK, for example, they will be heavily regulated and therefore unable to offer their own affiliate program. Instead they will only be able to offer deals for fully licensed introducing brokers. So the major problem you face when promoting a forex broker that offers their own affiliate program is that you will usually have to advertise this broker to non US-based citizens, which is sadly where a lot of affiliates get most of their traffic from.
Therefore the most profitable plan of attack is to either put all your efforts into promoting specific products or services so you can promote them to a global audience, or promote both forex brokers and forex products so your US traffic isn't completely wasted.
Both of these types of affiliate programs can be extremely profitable but I personally have always found it to be more profitable to stick to promoting the many different products and services that are available, particularly the expensive (and high quality) trading courses. However at the end of the day only you can decide which type of affiliate program you want to promote.
James Woolley is both a forex trader and affiliate marketer. Click here to discover which forex affiliate programs he most recommends.
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