Affiliate marketing or forex. Which one?

This is probably the wrong forum to be asking about Forex, because you will find only a handful of people trading currencies here.

It's a completely different business model compared to marketing, so you can't really compare the two.

And to say the least, forex is almost never "hands off" - you have to be there monitoring the trends all the time, otherwise you might miss out on something and lose your investment.

Maybe instead of doing SEO (trying to please Google all the time), you should start thinking about how to create a website with excellent content that won't be dependant on Google for traffic? Then you won't have to worry about any updates of Penguins and Pandas...

Yes I found it odd that forex is mentioned on an IM forum but here is my two cents - I actually just opened a demo account today.

I have been learning about the markets and about specific methods of investing, actually I am studying one specific method that is very highly regarded. I have no idea yet if this will work for me but I am a very disciplined person which I know is one of the characteristics of a successful trader. Perhaps someday it may exceed and replace my marketing income, we shall see.....

Yes, I agree that this is a weird forum to ask. But I think this will make an interesting thread in WF.

My two cents, affiliate marketing is a much more reliable option. True you wont make a $1M overnight however it is much more of a business model than forex for your average punter.

In the forex space there are so many things that can and will affect the market that are far beyond your control and to which far more sophisticated players (including corporate) will have access to key data or insights that will impact the market well before when you could hope to.

If you are able to be successful with affiliate marketing why not try extending that out to create additional revenue:
1 - develop an over my shoulder ebook showing your experience
2 - build a site or network of sites in a niche and then flip it (i.e. build, earn, sell, rinse & repeat)
3 - start a coaching or mentoring program
4 - outsource and expand the breadth of what you can do

Don't get me wrong diversification is a great idea however forex from a consistent basis also includes a fair degree of great information or good luck to be successful.

I think that was about 5 cents worth ;-)

Start trading with real money and you're likely to find that it isn't so "easy". Ask any trader and they'll tell you the same thing.

Fact: something like 95% of amateur forex traders lose their initial investment within 2 years. The remaining 5% are mostly just lucky.

Its very difficult to make money trading FX. If it were that easy, the major banks would be making a killing on it. But even with all their technological advantages, they make much more from ripping off vacationers than they do use trading strategies.

Anyone who is claiming they have a foolproof trading strategy is lying or deluding themselves.

Just my 2 cents... I have been working with traders and marketers... I know people who like both and do both. You don't need to watch charts all day, don't let anyone who doesn't trade tell you that. You can trade accordingly to what ever trend or strategy you are looking to use. I don't think one is better than the other. I will put it this way... Affiliate marketing is probably easier to start and gain success, but forex has the ability to make money way faster than anything else

Also too, I know a few people whom make tens of thousands a month trading

As someone else said, no one really does Forex here so you will get biased answers. With that, here is my biased answer.

I believe you can make a much more stable business and income from affiliate marketing. I am not all that knowledgeable with forex so I can't say a lot about it, but with the right mindset and dedication, anyone with enough effort can make a real legitimate business out of affiliate marketing.

At the end of the day, it's about what is right for you. Study both (study the techniques and methods, not the dreams and empty promises) and pick which is best for you.

It takes time to come up with safe and sound trading strategy to consistently make money in forex.It also requires lot of discipline to do it. Also another issue is getting reputable broker because most of them manipulate price. Sniping and hunting - or prematurely buying or selling near preset points - are shady acts committed by forex brokers to increase profits. Obviously, no broker admits to committing these acts, but a notion that a broker has practiced sniping or hunting is commonly believed to be true. Unfortunately, the only way to determine which fx brokers do this and which fx brokers don't is to talk to fellow traders

On the side note I am selling around 108 K forex traders email leads to one more buyer at very reasonable rate. email List comes with 200+ forex jv contacts as well. Msg me if interested. It's a nice way to create 2 to 5 K monthly affiliate income easily by spending only 1 hour a day marketing fx offers. I will train the new buyer if you are new to affiliate marketing

whichever one you find most appealing

al

It is fully depends on your will. Which way you will choose? Forex or affiliate marketing. I do both of these. I am working on the forex market for a long time. sometimes I lost my main investment on the other hand sometimes I earned a good amount of money within a short time. It is high risk & high profitable business.

Affiliate marketing is a good way of earning. Here there is no such lost as main investment as forex. So I think is is low risk business for anyone.

CHOICE IS YOURS.

FX is much more of a gamble.....retail forex gets screwed by unregulated brokers. If you think affilaite marketing is unsteady..give fx a go.

+ if you are trading forex, espescially day trading, you have no freedom at all. 6months and you are burnt out, ripped off, p*** off.

FX can be done...if you trade for a bank and or become a broker.

But, the fact you are asking others what YOU should do is a joke though.

Good luck.

Il ike how how he explains how he makes money in fx trading.....by selling leads. Smart actually.

Forex trading definitely gives you higher returns than Internet marketing if you know what you are doing.However Forex Trading is very risky and requires much more investment than Internet Marketing.The Forex Trading affiliate programs are very lucrative one and you should perhaps concentrate on doing that rather than trading Forex yourself.

so much B*S*...i wouldn't believe a word of it.

LOL...those that can't...retail simply do make money long term forex trading....than me later or not.

I've studied forex for a while and had to conclude that you can only make a decent income if you already own 250.000 dollars and you're willing to risk it...

Demo accounts are usually made easy by not charging costs that the broker usually does. I even made a bad trade and suddenly still made 75 cents in a demo. I'm not a pro trader but that seems odd.

Do what you like but forex is really, really tricky and what you earn is not much (if you play it safely. If you don't you may end up losing all your money).

Don't want to be negative but if you're making income through affiliate marketing I'd say study more and work harder. It'll pay off way better in the end.

Good luck!

Affiliate marketing or Forex? Simple question, simple answer...Affiliate marketing hands down. Seriously though, as far as Forex goes, you would have better odds going to your local casino then trying to successfully predict currency directions.

I would say affiliate marketing is the best option for long term passive income. Because with Forex Trading, you have to be trading in order to earn money ...and the moment you stop doing that ... your income flow stops as well.

I would suggest you to also use Forex Trading to earn some extra income ... just don't stop scaling up your affiliate income!

And make sure you have a big budget to gamble with when doing Forex Training. Invest in the best trainings you can get and practice a lot to get very good at it!

.. just my 2cents!

Keep up the great work!

forex trading only favors the big boys with a lot of cash and that dont mind loosing some of it.

Forex demo accounts are full of sh*t. Once you sign up for the real version, and trade LIVE... expect super small returns. And not that BS you get from demo accounts.

You should start with affiliate marketing.

Greetings . . . do you have forex leads for sale?

Wow interesting to see all this info on FOREX I am wonder how do those of you that trade stocks like it? Stocks are a lot more forgiving but not as profitable.

J

I would suggest that you study both. I don't know enough currently about Forex to say...However, I know lots of marketers who make money from promoting it. (smiles)

I've traded Forex fairly extensively.

Here are a few of my lessons learned. Some were expensive and some you'll have to learn on your own but here they are:

1. Don't get lured by all the automated bots. Algorithm trading is fun when you develop your own to assist you. But don't fall for the "Expert Advisor makes over $500 per day". Of course it's BS.

2. Stay with your demo account until you've traded through all market conditions. It's easy to be profitable when you connect with a trend. Make sure your system is working on market reversals or flat markets BEFORE going live.

3. Choose a good broker and one who doesn't always act as a counter party to your trade, and one that minimizes slippage. Stick to the 2 or 3 big names.

4. Don't get overwhelmed by indicators. Find what works for you...and keep it limited. Perhaps just a RSI and Moving Average...or which ever set works for you. Don't end up looking at 30 indicators.

5. Backtest the heck out of your system.

6. Forward test your system on a demo account.

7. Despite item 5, know that backtesting does not indicate future results.

8. Leverage is a dangerous dangerous thing. Understand it properly.

9. Understand that emotion is the hardest thing to control in trading, and appreciate that a demo account doesn't come with the same emotion. Trading live is going to be harder than a demo account.

10. Trade with stop losses. As the saying goes, it's better to be out of a trade you wish you were in, than to be in a trade you wish you were out of.

11. Successful traders are those who understand it is about capital management. Read books like "Trade your way to financial freedom" before reading actual how-to books. Despite the cheesy name, you'll get a fundamental understanding of capital and capital growth.

I think that's mostly what comes to mind.

Good luck!

In my opinion Affiliate marketing is much more safer option than Forex trading. Forex trading is a risky business and you need a vast knowledge to get success. In Forex market you need the help of luck.So I suggest you to go for Affiliate marketing.

Great question, I think first the mindset is that you can make money doing anything but what you truly love regardless of the money you make will be the best and you will make the most money. In my experience I enjoy both very much, but if you held a gun to my head I would pick IM slightly because it is diverse in the topics you can pick

forex is much risker and you could lose thousands in a week due to inflation movement. and even if you have the EA, its still no sure.

I don't really know much about Forex but Affiliate seems to be better for me

I´m planning to use both, the trick really is to have different stream of income.

Affiliate marketing is all fine and well if you enjoy building a list and having to send that list an engaging email everyday hoping that atleast 5% opens it up. Not my cup of tea.

Thanks for the info, i dont know much about forex, i am wondering how different is it from stock trading, is it less risky than stock or more risky?

I will use both method but I will focus more on affliate marketing

Maybe I should try Forex and give up Texas holdem??? I've lost my initial investment with Texas holdem more times than I can count. maybe I can do better with Forex

Listen, I speak from experience here... I know how to make a small fortune trading! This is what you do... You start with a large fortune, and start trading.

It is really really easy to lose big trading. AND you can do it really fast, too!

Simulated trading is nothing like real trading. Using a real account you will have more slippage, the spread will be larger, and your emotions will be completely different, causing you to make mistakes. Everyone says oh MY emotions won't get the better of me - but then when they start trading real money, they find out differently.

I used to sell day trading automated strategies and indicators, and run a day trading chat room - so listen up. Our customers made every mistake in the book, and all the mistakes that are NOT in the book, and very few actually made money trading.

One thing to understand is, if you go for longer trades, those that last days or weeks or more, you will suffer less from slippage and spread. Slippage and spread will be negligable because you will be looking for bigger profits. If you day trade, you are looking for one to several small profit trades per day, and slippage and spread can kill more than 100% of your profit, putting you in the red for the day on trades that look like they should be making you money.

Give it a try if you want, but be aware of what you are getting into.

I used to scalp the Forex markets. I made thousands of real money trades. Some days I made $3000 - $5000. Some days I lost $3000 - $5000.

Making money at Forex is not easy at all.

As mentioned, a demo account is NOTHING like a real money account. However, this is not something that can be understood or appreciated until you trade with real money.

You can make money with Forex. The problem is that there is more bullshit surrounding it than in the MMO niche. So if you go with Forex you're going it on your own. It unlikely that you'll find a mentor who trades solo, with a real track record of success, because so few exist.

Understand that no matter what price you enter at you always start in the hole because of spread. You always start at a disadvantage. And it can worsen due to slippage.

If you really want to pursue Forex I recommend trading long term trends. This will minimize the disadvantage you start with. However, in order to make a real income doing this it will take either:

A) A looong time.

B) A lot of money to start with.

Most people who pursue Forex don't want to wait a long time, nor do they have a lot of money.

So then, to answer your question...Forex or Affilate Marketing?

Go with Affiliate Marketing. Lots of bullshit there too, but still much easier to find what's real and apply it with consistency.

Every thing has its pros and cons.
I've tried forex and binary options and made 1600$ in a day but in the end I lost what I invested.
I began with an offer of 100$ non deposit as a complete newbie and reached 400$ in two weeks then lost all of them at the time of the tsunami that hit Japan at 2011 as I didn't know about stop loss.
I've also tried PAMM system at Hotforex thinking that the account managers are professional, but they were regular traders who don't set stop loss and lost the money.
Binary Options was actually better and more stable -I think- however, I lost my investment and it was completely my mistake.

So, I would say building your own website and promoting products on it for commission maybe slower but much better and give you the feeling that you own something. And that's what I am doing now.

Some Warriors posted about auto trading and signal services. I've tried around 7 auto trader software/services since 2014 and most of them are crap. Seriously. For one thing, there are lots of scammers run these services on the internet. Then, even if that auto trader service/software works for a few months, it usually will be useless six months later. Yes, some users might post positive reviews about them in forexpeacerarmy or other forums, but that is because the software was just released. When there's too many members are using it, it will be useless. I haven't found any auto trading software at FPA which gets over 100 reviews but still maintain 4 star rating. One important lesson that I've learnt, never trust auto trader.

Be very careful with demo accounts.

Depending on your broker, they can be manipulated to allow you to win the operation.

It works exactly as in online casinos.

Why not reach your first million by working with affiliate marketing by promoting Forex/Trading offers?

I think it is the best route.

Some companies will pay up to $ 500 for every new trader.

Be out of trading before you have studied for at least three years, and you have not been practicing for at least another two years with demo account.

Risks losing all the hard-earned money with affiliate marketing.

Another important thing: Be careful in choosing the broker!

Forex is pretty much a direct gambling for anybody, who is not a Forex professional (at least 2+ years), with enough of money to risk to lose at any time. You are very rarely in any control.

Affiliate marketing business on the other hand is fairly predictable, depending on your own efforts and choices, including money you are willing and ready to invest.

Hope this helps.
George

I did not read any of the other posts, and I am new to this forum.

However, I have been in the FX business for a few years and my only advice is: dont waste your time and money on that! Please, for gods sake, dont.

I could go on and on about why, but for now, just take that free advice, its one of the best I ever gave haha.

Go for Forex only if you have BIG investment.It would sink if you are just TRYING to raise money.Forex is designed in a way that it eats small Fish.Do it occasionally and dont depend your main assets on it.

Keep intact with affiliate network and use it for small yet steady income.This would take more of your time.

If you are brand new to both ,then i would suggest Affiliate Marketing as there are less Risk involved,

As far as forex is concerned ,you need to be better equipped, and educated as to when you have to sit back and when you have to take action,

There are more risks involved in Forex trading

Hope this helps
Chyanit

Forex is like playing No-Limit Poker.

You must be very skilled to make a profit without losing all.

Forex for retail is simply gambling. It's unregulated and rigged. It's better than it used to be. Same with Binary options. They won't let you make money in the long term.

At least with stocks you can pick no brainers like AAPL and FB in long term trends. Follow the institutional money flow into brand names.

FX..it's a slot machine of random movement. There's a reason they offer retail 100+x leverage. Because they know they can't resist the gamble

My past work history was working with currency dealers and brokers, not Forex more physical currency but I know the business. 99% of people lose their butt trying to trade Forex. It's not as simple as noticing trends, though I do see where you get that logic.

Back when I was working in this industry on a daily basis I monitored various currencies exchange rates. Yes you could start to see trends develope such as the Euro goes up every summer and around Christmas and sometimes you could probably make money but things turn and turn quickly. Also with Forex you are allowed to leverage alot so it's easy to lose A LOT of money very quickly.

Unless you study economics and monitor markets for a year or two very seriously before starting you are setting yourself up to fail.

I would almost compare it to the stock market. Back in 2007 to even just a few years ago I made a killing in the market swing trading and watching trends. Well back then everything was going sky high so you could literally throw darts at a wall and make money. Now however the market is much trickier if your not investing long term. I've lost my butt. Same thing will happen with Forex. You will get lucky sometimes and see and play some trends but in the long run you'll get bit. Tread very carefully. Years ago before I even worked in the industry I opened a practice account made 50k in a day and thought this will be easy. I wound up losing a couple grand right off the bat and never pursued it further. Not only is it tricky but playing with play money psychologically is way different than when real money is at stake.

Now on the topic of Affiliate Marketing in the Forex niche its kind of saturdated but I would like to pursue it as I have a niche site but havn't found a good partner to promote.

Do you have any idea how much money should you invest to earn $1000 per day in the Forex market? If you invest a big amount of money, you may profit a huge amount of money on the other hand you may loss a big amount also. The market of Forex is not stable. There are many traders who earn a good amount of money from the forex market, of the flip side there are many traders who lost their investment.

When you get started with real account, then you probably have a different view on that. The same thing goes to stock.

Its really up to you to choose, but works but me personally affiliate marketing

There is also a way to connect trading and affiliate marketing. If you decide to trade and it will going well, you can start to share your results and knowledge. On blog, facebook or wherever. Many people looking for mentors who give them some tips. At the same time you can start cooperation with some broker or brokers (like affiliate or introducing broker) and promote their services. Even from one really good referral who make huge volume on forex market you can earn very nice rev share every day.

I know it isn`t easy but it possible.
Good luck on the market.

Both.

Although I much prefer trading over marketing/sales.

It just so happens if you're a good trader, you can be
good in sales because it's such an attractive offer to
anyone who wants to make money online fairly quickly.

Some people are marketers promoting trading related
products/services, then there are people who are traders
first who just so happen to sell/promote trading related
products.

It's much easier to market and sell what you know and
believe in professionally and has an established market.

When I'm not trading, I'm selling, when I'm not selling
(most of the time), I'm trading.

I think it comes down to a persons will and drive to win.

People struggle on BOTH fronts. It's just a matter of
picking one area, focusing on one until you master it,
and picking up an additional income stream.

Add to immer1975:

understand StDev and Average, and how they relate. Understand how you can make money 10 periods in a row, and lose it all (including your original seed money) in period 11. or period 13. Or maybe period 11 gives back the profits, scares you to the sideline, and period 12 is the killer you were waiting for.

Trading costs, spread, and liquidity: Demo trading is great because you can always get traded at your hypothetical price. In the real world the market can move away for you, spreads can back away from you, and then you either "chase" and pay too much/little which eats into what little edge you have, or you miss the trade, which also eats into your edge.

edge - statistical edge. It's usually razor thin. to make 5% a month, which is huge whopper returns, your edge is usually like 60/40. When the 60/40 turns into 50/50, the spreads and commissions eat your pocket empty.

Finally: Big Quant Funds. There, I said it. Google it. I don't know anything about them, but just looking at the money involved make it obvious to anyone that there are real professionals in this space who have insanely bright people and more computer horsepower than NASA. And they are focused intently on this problem space.

Thinking you are going to beat them at their own game, may be a little like thinking your going to beat the undefeated Carolina Panthers at football, never mind the crappy last place Titans would mop up the field with you and send you home crying to mommy.

And "trading", unlike investing, is a zero sum game. For you to win, someone else has to lose. Wanna bet it won't be the big boys with the big toys?

Honestly, forex trading is a whole lot like the casino you can get to from your phone. You can win some, lose some, have wild up days, and wild down days, and in the end... the house always wins. It's the simple inevitable outcome of a negative mathematical advantage and the law of big numbers.

And the house edge is easy to understand. In roulette, it's the 0 and the 00, and the fact that it pays 38:1 but there are 40 spaces.

In trading it's the commissions and the spreads. Same exact thing.

BTW, who dug up the zombie? OP, still making money?