The Forex market is a great place to make some money. It’s also a great place to lose money. That’s why it’s important to have a good plan and stay disciplined when trading.
But what if you’re not interested in trading yourself? What if you want to help others trade? You can become a successful Forex affiliate marker just to help other people find the best brokers to trade with.
How can you start doing this you ask?
Well, this is possible through affiliate marketing.
And what is affiliate marketing you ask?
Affiliate marketing is a marketing method where you promote someone else’s product or service and earn a commission for every sale you make. It’s a simple process, but it takes work to be successful.
The Forex market is a great place to start because there are so many different brokers out there (both legit and scam brokers).
And new traders are constantly looking for reviews by affiliate marketers to help them choose the best brokers to trade with.
Before we mention/discuss some of the best Forex affiliates offers in 2022, let’s first try to understand the Forex markets and the affiliate concept in Forex.
The Forex market is where people buy and sell currencies, which means you can promote Forex brokers on your website or blog and earn a commission when someone signs up through your link.
What’s great about Forex affiliate marketing is that you don’t need to have any experience in Forex trading yourself. You can just use the marketing materials provided by the broker and you will just be fine.
However, if you need great success with Forex affiliate marketing, then you may need to learn a few things about Forex. At least some basics.
In this article, we’ll teach you how Forex works, what Forex affiliate marketing is, and how to get started with Forex.
We will also provide a few tips on how you can be successful in Forex affiliate marketing.
So, let’s start with the basics first!
What is Forex?
Forex stands for “Foreign exchange” market and is where people buy and sell currencies.
Currencies are always traded in pairs, for example, the Euro and US Dollar (EUR/USD) or British Pound and Japanese Yen (GBP/JPY).
The Forex market is open 24 hours a day from Monday to Friday because there’s always someone somewhere in the world who wants to buy or sell currencies. This makes Forex one of the most liquid markets in the world.
What is Forex affiliate marketing?
Forex affiliate marketing is a type of performance-based marketing where you promote Forex brokers or services and earn commission traders open trading accounts with your link and when they end up trading under you.
Forex brokers use Forex affiliate marketers to attract more clients and increase their revenue.
What is Forex trading?
Forex trading is the act of buying and selling currencies in order to make a profit from changes in their exchange rates. Forex traders buy a currency pair if they think one of its components will become stronger than another, and sell it if they think the opposite will happen.
Fx trading can be done through a Forex broker, or you can trade currencies yourself by buying them low and selling them high.
What is a Forex broker?
A Forex broker is an institution that provides a platform for traders to buy and sell currencies. Forex brokers can be banks, retail Forex brokers that operate online, or Forex software providers.
Fx traders use Forex brokers to exchange one currency for another at an agreed price on the Forex market.
Forex trading is done through a Forex broker and most of them offer their own proprietary platform as well as third-party platforms like MetaTrader.
Brokers usually offer their customers a selection of Forex pairs to trade in, with the most popular ones being EUR/USD and GBP/USD.
As a trader, you can open a trading account for FREE on your preferred broker platform to begin trading and earning on the price fluctuation of different assets.
How to Become a Successful Forex Affiliate Marketer.
Here are some Forex affiliate marketing tips that can help you become a successful Forex Affiliate Marketer in 2022:
Learn Forex. The more you know about Forex, the more likely it is that people will trust your advice and sign up through your link.
It doesn’t take much to get started; just read Forex-related posts, watch Forex-related videos, or even read a Forex book.
Promote Forex brokers that offer bonuses and promotions. Forex trading is a risky business, so traders are always looking for an edge to make their chances of winning better than average.
You should promote Forex brokers who offer bonuses and promotions to Forex traders, such as Forex deposit bonuses, Forex no-deposit bonuses, and Forex demo contests.
Promote a broker with a good selection of assets.
The more assets your broker offers your clients, the better chance they will have of finding something to trade in that interests them.
If the broker which you decide to promote doesn’t have enough choice, traders will simply move on to another Forex broker that does.
Make a Forex video tutorial. A Forex video tutorial is one of the best ways to teach people about Forex trading and Forex affiliate marketing.
It’s easy to do, and you can make them as short or as long as you want. You can even make use of ready-made videos made by the broker you are promoting. For example, Olymp Trade has thousands of videos that you can reuse if you decide to promote them.
Promote brokers with a good reputation. There are many Forex affiliate marketers who promote Forex brokers that have a bad reputation, because they don’t do their homework before deciding to promote them or because the money offered is too good to turn down.
The problem with this is that when a Forex broker has a bad reputation, it’s usually for a reason, and promoting them will only damage your own reputation as an affiliate marketer.
Be professional in your dealings with clients. As an affiliate marketer, you are the first point of contact for Forex traders, so you need to be as professional in your dealings with clients as possible.
If a Forex trader believes that you are unprofessional or unreliable, they will find another Forex affiliate marketer to work with instead.
Promote Forex brokers who offer Forex education and training courses for their customers.
Forex brokers who offer Forex education and training courses are a good bet for Forex affiliate marketers because they know that traders need to be educated in order to trade successfully.
Brokers who offer Forex education and training courses usually have higher customer retention rates than those that don’t, so you’re more likely to earn commissions from them over the long term.
Promote Forex brokers who offer Forex trading robots or Forex signal providers. Forex trading is a very complex subject and it’s not something that most people will be able to learn on their own,
So Forex brokers who offer Forex trading robots or Forex signal providers are good bets for traders, as having a robot means learning Forex is optional.
How to Find Forex Affiliate Programs to Join in 2022.
Now that we have talked about everything that you need in order to become successful as a Forex affiliate marketer,
How about we create a few Forex affiliate marketing accounts to begin making money?
Here’s how to find the best Forex Affiliate programs to join in 2022:
Forex affiliate networks: these are websites that allow you to join multiple Forex broker affiliate programs in one place.
A good example of such networks is Forex referrals.
Forex forums: many Forex traders who are looking for a new Forex broker will ask questions about different brokers on Forex forums. This is a great way to find out what people think of Forex brokers and their affiliate programs.
One good Forum for honest reviews is the Nairobi Forex Traders group on Facebook.
Social media: Forex broker social media pages are a great place to find out what people think of them, as well as Forex traders who have used their services before.
If they have lots of negative comments or complaints about the Forex broker, then it’s probably not worth promoting that broker.
Google: simply typing Forex broker + affiliate program into Google will bring up a list of Forex brokers who offer an affiliate program.
Websites: there are many websites that compare Forex brokers and their affiliate programs, such as ForexBrokerz.com, ForexSQ.com, and Forextrading.com.
Forex broker websites: Forex brokers will often have a page on their website that lists the benefits of becoming an affiliate marketer with them, as well as how to join their Forex affiliate program.
How to Promote Forex Affiliate Links in 2022 for Beginners?
Now that you know where to find Forex affiliate programs to join, let’s look at how you can promote Forex affiliate links.
There are many ways in which Forex marketers can promote Forex affiliates, such as:
Social media platforms – social media has become a great way for Forex traders and businesses alike to find their target audience.
For example, Forex affiliate marketers can use Facebook Ads, Instagram Ads, and also LinkedIn to promote Forex brokers.
SEO – Search Engine Optimization is the process of optimizing your website in order to increase its ranking on search engines like Google or Bing.
Forex affiliate marketers should ensure that their websites are optimized for SEO so they can rank higher and attract more people.
Paid search – Forex affiliate marketers can also use paid search to promote Forex brokers. This is where you pay Google to be at the top of the search engine results pages (SERPs) when someone searches for a Forex broker.
Email marketing – email marketing is one of the most effective ways to promote Forex brokers.
Forex affiliate marketers can create email lists of traders who are interested in Forex and then send them promotional emails about the Forex broker they’re promoting.
Content marketing – creating high-quality content is a great way to attract attention from people who are looking for information about Forex trading.
Forex affiliate marketers can use content marketing to build their brand as an expert in Forex trading.
How much money can you make as a Forex Affiliate Marketer?
The amount of money Forex affiliate marketers make is based on the Forex broker’s commission structure, as well as how many people they refer to that Forex broker.
For example, some Forex brokers will only pay out commissions if somebody deposits a certain amount into their account or trades with them for at least three months.
Others Forex brokers may have a flat commission rate, regardless of how much the trader deposits or trades.
And others will opt to share with you revenue earned in half.
Forex affiliate marketers can usually expect to make anywhere from $1 to $10,000 per referred trader, depending on the Forex broker’s commission structure and how long the referred trader ends up trading.
For example, at Kingfin the commission structure is based on revenue share. And you can earn up to 60% of the revenue you generate for the broker.
Put it in context, you will earn up to $6 for every $10 revenue you generate.
Create your Forex affiliate marketing with Kingfin to begin earning money when the traders you refer, trade.