Affiliate marketing or forex. Which one?

by Azlan.MY 80 replies
I wouldn't say that I already rich with aff marketing, but I made steady income promoting products since 2010. However, I'm still far from reaching one million dollars. Plus, my income is not that consistent thanks to Google updates. I bought one good forex course a few weeks ago and start testing on demo account and I think forex is much more sustainable than SEO. When I traded with demo account, it seems very easy to earn $1000 per day, as long as I trade according to trends. To Warriors who already made money with both affiliate marketing and forex, which one is better for long term. Care to share your opinion?
#main internet marketing discussion forum #affiliate #forex #marketing
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  • Profile picture of the author zdebx
    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...
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    • Profile picture of the author mdash
      Anything you do, you must be knowing what exactly you are doing. It means you have to acquire knowledge and the skill required for business being it affiliate marketing or forex.

      If somebody is interested for forex, he should carry forward to work on that and learn all the possible skills and knowledge to do it in better way. It is true that every business is risky as long as the business owner him self is risky, once you yourself is risk free then business is not risky any more.
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  • Profile picture of the author DWaters
    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.....
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    • Profile picture of the author Azlan.MY
      Originally Posted by DWaters View Post

      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.....
      Good to see fellow new trader here at WF in similar situation as me. Which broker do you use? Did you search at forexpeacearmy.com for broker reviews first? You should be careful since there are some scam brokers out there.
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  • Profile picture of the author Azlan.MY
    Yes, I agree that this is a weird forum to ask. But I think this will make an interesting thread in WF.
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    • Profile picture of the author Regional Warrior
      Originally Posted by Azlan.MY View Post

      Yes, I agree that this is a weird forum to ask. But I think this will make an interesting thread in WF.
      Forex is about Gambling and I think the share holders would not be impressed has nothing to do with MMO
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  • Profile picture of the author ideasman
    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 ;-)
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  • Profile picture of the author san2hnl
    Originally Posted by Azlan.MY View Post

    When I traded with demo account, it seems very easy to earn $1000 per day, as long as I trade according to trends.
    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.
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    • Profile picture of the author clockface
      Originally Posted by san2hnl View Post

      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.

      wow....better than 99.99% of pro traders. Wonder why all those broekrs don't just sit at home and make $1k a day? Day trade with the trend....who would have guessed it could be so easy....
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    • Profile picture of the author ColossusMedia
      Originally Posted by san2hnl View Post

      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.
      True. I did find a trading system that worked. I backtested for 20 years (stockmarket, not forex), but there can be some very wild swing and while my robot kept trading emotion free, I was not. If you have a 30 trades losing streak will you keep telling yourself that your system works?
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  • Profile picture of the author van80
    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.
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  • Profile picture of the author jfrombk
    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
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    • Profile picture of the author clockface
      Originally Posted by jfrombk View Post

      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
      What every single month? (B*S*)

      10 months a year? 8? 6?

      what are the losses like? If they are making monthly income they are only day trading or very short term trading and with forex being a 24 hour market they have to watch the prices several times during the day.No freedom there.

      Trading, stick to stocks. They trend massively, and it's a much better regulated market. People flocked to fx thinking it offered something new, and edge. The only thing it offered was suicidal leverage. The brokers push it hard...because they want all your trading account. Huge slippage, stop hunting, flash fills, plain fraud in price rigging etc...you chances are very, very slim.
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      • Profile picture of the author jfrombk
        Ok if you think I am lying have you ever heard of the beating the market makers.. Steve Mauro... Ask me anything you want... All the stuff you talk about, the people that I am learning from kill the market... Look at one of groups I am in... Www.Dreamtradersmovement.com
        They know their stuff
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        • Profile picture of the author clockface
          Originally Posted by jfrombk View Post

          Ok if you think I am lying have you ever heard of the beating the market makers.. Steve Mauro... Ask me anything you want... All the stuff you talk about, the people that I am learning from kill the market... Look at one of groups I am in... Www.Dreamtradersmovement.com
          They know their stuff
          they know what exactly? Unless they are in league with the central banks that manipulate the prices no amount of "technical analysis" is going to give retail any edge at all.

          Want to make money in fx? Set up a brokerage, trade for a bank (government will bail you if you take too big a loss...) or be a vendor.
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          • Profile picture of the author jfrombk
            Originally Posted by clockface View Post

            they know what exactly? Unless they are in league with the central banks that manipulate the prices no amount of "technical analysis" is going to give retail any edge at all.

            Want to make money in fx? Set up a brokerage, trade for a bank (government will bail you if you take too big a loss...) or be a vendor.
            know when the market is going to change directions. there are over 1000's of indicators that can be used to predict movement. also too, have you ever heard of a market maker? that is the person that controls whats going on in the market. But, do you know there is information out there that allows you to get a leg up on them and know what the market is going to do? good steve mauro's beat the market maker. you ll see what i mean. www.facebook.com/jfrombk
            if you wanna chat with the people i know, add me on facebook and you ll see what i mean. if not then its all good either way. i wish everyone success.
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            • Profile picture of the author clockface
              Originally Posted by jfrombk View Post

              know when the market is going to change directions. there are over 1000's of indicators that can be used to predict movement. also too, have you ever heard of a market maker? that is the person that controls whats going on in the market. But, do you know there is information out there that allows you to get a leg up on them and know what the market is going to do? good steve mauro's beat the market maker. you ll see what i mean. www.facebook.com/jfrombk
              if you wanna chat with the people i know, add me on facebook and you ll see what i mean. if not then its all good either way. i wish everyone success.
              Typical retail B*S*. No chance. No predicting indicators they all are fed with past data. ...... good luck. You'll need it
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  • Profile picture of the author Ben West
    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.
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  • Profile picture of the author yogihost
    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
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  • Profile picture of the author agmccall
    whichever one you find most appealing

    al
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  • Profile picture of the author nazninshetu
    Originally Posted by Azlan.MY View Post

    I wouldn't say that I already rich with aff marketing, but I made steady income promoting products since 2010. However, I'm still far from reaching one million dollars. Plus, my income is not that consistent thanks to Google updates. I bought one good forex course a few weeks ago and start testing on demo account and I think forex is much more sustainable than SEO. When I traded with demo account, it seems very easy to earn $1000 per day, as long as I trade according to trends. To Warriors who already made money with both affiliate marketing and forex, which one is better for long term. Care to share your opinion?
    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.
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  • Profile picture of the author clockface
    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.
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  • Profile picture of the author clockface
    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
    Il ike how how he explains how he makes money in fx trading.....by selling leads. Smart actually.
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  • Profile picture of the author hardworker2013
    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.
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  • Profile picture of the author clockface
    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.

    he Forex Trading affiliate programs are very lucrative one and you should perhaps concentrate on doing that rather than trading Forex yourself.
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  • Profile picture of the author StevieT
    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!
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  • Profile picture of the author Marcel Guzman
    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.
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    • Profile picture of the author clockface
      Originally Posted by Marcel Guzman View Post

      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.
      Vendors,brokers are the only ones tryign to tell them otherwise.
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    • Profile picture of the author Azlan.MY
      Originally Posted by Marcel Guzman View Post

      Seriously though, as far as Forex goes, you would have better odds going to your local casino then trying to successfully predict currency directions.
      If you think that trading forex is the same or even worse than gambling, it means you never traded before. In fx, you will have more control over your risk. There's stop loss, take profit and even trailing stop to avoid losing money. You can even make your trade zero risk if it reaches certain points.
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  • Profile picture of the author FreedomBlogger
    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!
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  • Profile picture of the author Randall Magwood
    Originally Posted by Azlan.MY View Post

    When I traded with demo account, it seems very easy to earn $1000 per day, as long as I trade according to trends.
    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.
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  • Profile picture of the author midnightfun
    Greetings . . . do you have forex leads for sale?
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  • Profile picture of the author jordorules
    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
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  • Profile picture of the author mysterrio
    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)
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  • Profile picture of the author IMMer1975
    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!
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  • Profile picture of the author kazim
    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.
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  • Profile picture of the author thereikid
    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
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  • Profile picture of the author TB Ann
    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.
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    • Profile picture of the author Azlan.MY
      Originally Posted by TB Ann View Post

      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.
      If you're trading fx, it is not recommended that you rely on EA. Most of the EA/trade copier software are scams. I've tried lots of EA before but none of them gave me nice ROI.
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  • Profile picture of the author wisenetonlinebiz
    I don't really know much about Forex but Affiliate seems to be better for me
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  • Profile picture of the author fernelis2009
    I´m planning to use both, the trick really is to have different stream of income.
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  • Profile picture of the author snakeyes37
    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.
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  • Profile picture of the author zolo007
    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?
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    • Profile picture of the author Azlan.MY
      Originally Posted by zolo007 View Post

      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 don't know about stock market, but from what I read fx is more risky.

      With that being said, why not learn and try forex for yourself? You don't need to lose money or anything to try fx. You can learn more about forex here, for free. School of Pipsology | Learn Forex Trading. Then open a free demo account to test out the water. https://www.hotforex.com/en/account-...o-account.html Yes, you will learn fx and gain experience for free. This is not like paid ads where you will waste money on trial and error. In forex, you can go through the trial and error process without risking any money.
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  • Profile picture of the author stevefox88
    I will use both method but I will focus more on affliate marketing
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  • 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
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  • Profile picture of the author AmberJB
    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.
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    • Profile picture of the author newxxx
      Originally Posted by AmberJB View Post

      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.
      that's a great posting!!!!
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        • Profile picture of the author Trankuility
          Originally Posted by workwithbrianmoody View Post

          The Company I am working with has a 1200% ROI, 20 Years Trading Experience and a Triple Money Back Guarantee, Better Business Bureau "A" Rating.

          You can actually be a Newbie and Earn while you Learn. We hold weekly "Live" Trading Webinars exclusively with our Team only and we show show exactly what to do and watch over our shoulder while making trades. Contact me or go to www.thetradingtrainer.com
          Hah. Exactly. One of the many bullshit pushers I mentioned.
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  • Profile picture of the author Trankuility
    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.
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  • Profile picture of the author Mahmoodadds
    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.
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    • Profile picture of the author Azlan.MY
      Originally Posted by Mahmoodadds View Post

      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.
      From what I've read, PAMM system is about other people manage and trade for you. I would stay away from this. Never let anyone else to trade for you. The same goes for aff marketing or other business model. You should stay away from people who claim to give you done-for-you business etc. For example, done for you website, ready-made sales letter etc. Yes, you can outsource some of the work, such as article writing, backlink building but never fall into done for you trap.


      Originally Posted by Mahmoodadds View Post

      Binary Options was actually better and more stable -I think- however, I lost my investment and it was completely my mistake.
      I wouldn't say binary options is better. Each has its pros and cons. I've lost around $1500 last year thanks to binary options. In fact, I'm switching over to fx is because I failed miserably in binary. If you're serious about making money with fx or binary, you should learn technical analysis. But so far, not many people are willing to teach you how to do technical analysis for binary options.
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  • Profile picture of the author Azlan.MY
    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.
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  • Profile picture of the author 24INVEST
    [DELETED]
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    • Profile picture of the author Azlan.MY
      Originally Posted by 24INVEST View Post

      My 2 cents, Create huge capital with aff marketing, Bank big with forex. It's how I did it and still going strong.
      Yes, I do agree with this one. That's what I'm looking forward for.
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  • Profile picture of the author StexM
    Banned
    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!
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    • Profile picture of the author Azlan.MY
      Originally Posted by StexM View Post

      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.
      If the payout is high, usually the competition is high and the conversion is low. Just because the broker pays $500, it doesn't mean that I will earn $500 per day. And assuming that I can earn $500/day, I have to maintain that for five years to hit $1 mill. In one year or two things could changes very fast. PPC competition, Google updates. It is not necessarily the best route.
      Yes, I do agree that I have to choose good brokers. I've been investing in scam binary brokers before that I've been very careful.
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  • Profile picture of the author moravian
    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
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  • Profile picture of the author deepCode
    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.
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    • Profile picture of the author Azlan.MY
      Originally Posted by deepCode View Post

      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.
      When you said a few year, just how many years exactly have you been in the fx business? And what business model that really works for you?
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    • Profile picture of the author Brent Stangel
      Originally Posted by deepCode View Post

      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.
      This sounds like many statements I've heard about IM or MMO. Yet I've been earning a comfortable living from it for years.

      I know people who are doing the same with Forex.

      Some people have what it takes, most don't.
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      • Profile picture of the author Azlan.MY
        Originally Posted by deepCode View Post

        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.
        Originally Posted by Brent Stangel View Post

        This sounds like many statements I've heard about IM or MMO. Yet I've been earning a comfortable living from it for years.

        I know people who are doing the same with Forex.

        Some people have what it takes, most don't.

        Exactly what I think. This kind of statements is very common in MMO forums and usually comes from newbies who's either giving up easily or being scammed again and again. I don't think this guy already made serious money online since he didn't mention anything about the kind of business model that really works.
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  • Profile picture of the author Nexstair
    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.
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  • Profile picture of the author chyan007
    Banned
    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
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  • Profile picture of the author laxmanwork1
    Banned
    [DELETED]
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  • Profile picture of the author allegandro
    Forex is like playing No-Limit Poker.

    You must be very skilled to make a profit without losing all.
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  • Profile picture of the author jimmcdonald909
    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
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  • Profile picture of the author rulesforrebels
    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.
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  • Profile picture of the author tuhinindia1971
    Originally Posted by Azlan.MY View Post

    When I traded with demo account, it seems very easy to earn $1000 per day, as long as I trade according to trends. To Warriors who already made money with both affiliate marketing and forex, which one is better for long term. Care to share your opinion?
    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.
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    • Profile picture of the author Azlan.MY
      Originally Posted by tuhinindia1971 View Post

      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.
      Actually, to earn around $4000 - $8000 per week with forex acquires around $350 per week investment if your leverage is 1:1000. If you do a proper math here, yes this is the figure.

      https://www.hotforex.com/en/forex-we...alculator.html

      If the market condition is good, you can earn around 400 - 500 pips per week. If you open 2 lots on Tuesday, with 1:1000 leverage, you only need to spend at most $350. For 2 lots, each pip will give you $20 for XXX/USD or $16 for XXX/JPY.

      https://www.hotforex.com/en/forex-we...alculator.html

      So yes, you will earn up to $8000 - $10000 per week. If the condition is bad, you might want to avoid trading in that week. For example in the first week of every month, you will want to avoid trading because the price is not stable due to NFP news. That is how you can minimize the loss, by avoiding trading on certain week. If you have more education in fx, you will learn all these.
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  • Profile picture of the author ruby2011
    When you get started with real account, then you probably have a different view on that. The same thing goes to stock.
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    • Profile picture of the author Azlan.MY
      Originally Posted by ruby2011 View Post

      When you get started with real account, then you probably have a different view on that. The same thing goes to stock.
      It's been months since I started this thread and I already open a live account. Yes, at first it was kinda hard to control my emotion. However, I always take certain countermeasures to minimize loses.
      - I always separate 80% of my profit last week into another account. Most fx brokers allows users to open a new account under the same name. This is the money I want to keep. The rest goes to the trading acc that I'm going to use the next week.
      - I will spend at most $600 per week depending on my profit last week. If I want to do day trade, I will spend $150 per day. If I want to do swing trade, I will spend $400 on Tuesday or Wednesday. If all of those are burned out, I will wait for next week to trade.

      BTW, I don't think your post here contribute anything. You probably just here to increase your posts in WF or promote your signature.
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  • Profile picture of the author mjcole76
    Its really up to you to choose, but works but me personally affiliate marketing
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  • Profile picture of the author AnthonyForex
    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.
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  • Profile picture of the author Joe Benjamin
    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.
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    • Profile picture of the author Azlan.MY
      Originally Posted by Joe Benjamin View Post

      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.
      Now this is the real answer from someone who already knows both worlds. Ever since I opened this thread, I kept getting biased answers from people who knows little or nothing about trading but assuming that trading is bad.
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      • Profile picture of the author van80
        Originally Posted by Azlan.MY View Post

        Now this is the real answer from someone who already knows both worlds. Ever since I opened this thread, I kept getting biased answers from people who knows little or nothing about trading but assuming that trading is bad.
        I used to be a trader at a major bank. Trust me when I say that retail FX traders DO NOT make money. We're the ones making money out of your mistakes.
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  • Profile picture of the author Regional Warrior
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  • Profile picture of the author agc
    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.
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  • Profile picture of the author agc
    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?
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