Forex? What is it, anyway?

The market

The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forexâ„¢).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That’s all.

How does one profit in Forex?

Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market.

The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forexâ„¢ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of “your” pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes.

Moreover, you cannot lose more than your “margin”! You may profit unlimited amounts, but you never lose more than what you initially risked and invested.

You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don’t have to physically possess certain currencies in order to perform “buy” or “sell” with them.

How do I start?

Register (Easy-Forexâ„¢ offers the simplest and quickest registration process, no obligation); deposit your first trading “margin” amount (credit cards are welcome, only by Easy-Forexâ„¢); start trading.

It can’t be simpler or easier than that. Need help? We’ll provide you with 1-on-1 training and service, as much as necessary (Easy-Forexâ„¢ offers real people service, live, in your own language).

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the “margin” (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100).

Before you finally activate the deal, you can still “freeze” it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The “freeze” feature is a unique service by Easy-Forexâ„¢.

When your Forex deal is running (you hold an “open position”), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forexâ„¢ lets you determine a “take-profit” rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we’ll be glad to guide you, every step of the way.

Good luck!

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

All of the above is in fact one of the articles Forex provides as an advertising tool. I’m not out to trick you into thinking I wrote that, although my experience with Forex so far does support what is said. After all, there are not many affiliate programs out there that provide in-depth, coherent persuasive articles for use as an affiliate. There are also numerous banner ads and promotional tools available.

A Google search of the term ‘Forex’ reveals over 29million results, which only ads to the well developed status of Forex. Sometimes it is good to ‘get in on the ground level’ with affiliate programs and start when the are young, this way there is less competition and so making referrals is easier. (this is more true in MLM). However, this time it is not the case. The immense turnover of more than $2.5 trillion per day is a powerful phrase to throw around and makes referring easier and so does Forex’s trustworthy reputation.

There are three ways to make money with Forex’s affiliate programs. The screen shot below shows their logos:

This is the table of commissions for the revenue sharing affiliate program:

I always say as a rule of thumb that 20% and above is a good commission. Here the commission ranges from 10% to 30% depending on the earnings of your referrals. In a lot of other affiliate programs it could be very unlikely that you refer someone who is going to spend or earn more than $5000 per month. However, with Forex it is very easy to get involved. I am personally tempted to start trading with Forex (although I shall refrain). I know that if I am finding it tempting, my referrals will as well. This means there is likely to be an ‘overlap’, where referrals I referred as sub-affiliates (which earns $15-$25) then start trading with Forex, which earns revenue sharing commissions as well.

Conclusion
Forex has shot straight to my recommended affiliate programs section. It has done this because of its high pay rates, making it a top paying affiliate program (and clearly not an ‘internet scam’); as well as the great promotional tools available and the lucrative trading program.

How to join:
Sign up as a Forex trader
Sign up as a Forex affiliate

Update
I have since removed Forex from my recommended affiliate programs section. Find out why at the end of my update about Wealthtoolbox’s Forex Learning scam

Read about the Forex Bonus here.