Promoting Forex Products-

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 focus on affiliate marketing in particular, 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 lots of different products you can promote. However it's always a good idea to thoroughly test out a product before you start promoting it. This is absolutely essential in the forex trading niche because there is so much junk being sold on the internet.

If you do find yourself promoting these sub-standard products you will not only have many of your transactions reversed due to a large number of refunds, but you will also destroy your reputation because people will soon change their opinion of you if you start flogging them rubbish just to make some extra cash.

The second type of affiliate program I want to discuss are those offered by forex brokers, which usually pay you commission on a cost-per-lead basis. There are thousands of different online forex brokers available and a lot of them will have their own affiliate program.

However it's worth pointing out that the ones that do will usually be based overseas 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 with 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 usually where most people get the majority of their web traffic from.

Therefore the most profitable strategy is to either put all your efforts into promoting specific products or services so that every one of your visitors is a potential customer, or promote both forex products and forex brokers so your US traffic isn't completely wasted.

Both of these affiliate programs that I've discussed can be highly profitable but from a personal point of view I have always found it to be more profitable to stick to promoting the many different products and services that are available, particularly the premium trading courses which offer very large commissions. However at the end of the day only you can decide which type of affiliate program you want to promote.