Can You Really Make Money as a Forex Affiliate?

Yes, you can. As explained above, for every introduced trader, active trader, the affiliate earns a commission from the broker. Effectively, the successful affiliate becomes a Forex partner to the broker. Also, the brokerage house shares part of its profits with the successful affiliate.

In other words, the two parties have their interests aligned. In doing so, they also support the active trader. The focus of every successful Forex broker is to retain customers and attract new ones. However, between the two categories, retaining customers is more important in the long run because they mean increased business for the broker. Because the broker shares part of this business with the affiliate, it means increased business for the affiliate.

Therefore, the affiliate job is to find active traders. If possible, successful ones. However, the broker may also focus on investing in educating its traders – another positive for the Forex affiliate.

How to Become a Forex Affiliate Marketer: a Simple Guide

There are several ways of becoming a Forex affiliate marketer, but a simple guide should start with being an authority in the field.

1. Become an Authority and Expand It

In other words, it not enough to simply have a website and post the broker’s banner under a marketing link. Instead, a successful affiliate trading partner is involved in promoting the broker’s services directly to the audience.

It means encouraging it to discover the products offered, their potential, and how the trader can benefit. For this, it is ideal that the Forex affiliates have experience in the trading world, either running educational programs, writing for the financial media, or even trading for a living.

Once you gain authority in the trading field, you need to keep it or to consolidate it. Say, for instance, you run a website related to trading education.

To keep the traffic steady, you constantly need to put up new and qualitative content. This way, more people interested in trading will visit your website, and the chances to recommend more traders to the broker increase substantially. For this, investing in SEO (Search Engine Optimization), link building, and other ways to increase the traffic of the website is mandatory.

2. Get Familiar with the Broker’s Offering

Moving forward, a successful Forex affiliate must know the broker’s product offering—also, the trading platform or platforms. Somehow, though, this is obvious, as it is the only way to accurately recommend the services.

3. Build a Proper Email List

Email marketing is important, as well. But building an email list is not an easy task, and the affiliate invests considerable efforts to do so. There are various ways to build up a good email marketing risk while respecting the privacy issues as per the GDPR (General Data Protection Regulation.

If the potential affiliate has a website, the best way to capitalize on the traffic is to integrate a pop-up window. This can be custom-made or using an embed option or even a plugin for WordPress websites. Also, the potential affiliate can adjust the parameters of the pop-up window by offering incentives for visitors to drop their email address (e.g., a free trading e-book).

4. Sign Up

As it became obvious, becoming successful as a Forex affiliate requires some effort. Once the steps mentioned are done, the next thing to do is to choose the right Forex affiliate marketing program.

Naturally, many exist. To choose the right one, the affiliate should focus on desirable attributes a broker must-have. For example, the broker must be trustful, so look for regulation, license in the region where the customers are targeted, wide range of products and markets, trading platforms offered, account types, and so on.

5. Use the Unique Link on Website

Assuming the right program is offered by the right broker, the next thing to do is to sign up for it. At the end of the process, the affiliate wannabe will receive a personalized link with a unique ID. This is the link to be added on banners or other marketing materials that redirect the potential customer to the broker’s website.

6. Promote Link

From this moment on, promotion may begin – either via email marketing, or directly embedding it on a website or blog. Affiliates also run PPC (Pay Per Click) campaigns to attract the right traffic by investing part of the proceeds received from the broker for their efforts.

7. Start Earning, Review and Improve

When the customer opens a live account, the unique ID connects the customer with the affiliate, and the affiliate account at the broker will update with the new info. From that moment on, every time the trader opens and closes a trade, the affiliate receives a certain percentage of it.

Finally, the right Forex affiliate program will offer monitoring tools to evaluate performance. This way, the affiliate can improve its marketing efforts and focus on various ways to achieve a higher ROI (Return on Investment).

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