31 replies
Is there money to be made in this niche? Any thoughts/suggestions on someone new trying to get into this market?

Joseph
#forex #niche
  • Profile picture of the author Anthony Wee
    The Forex niche is HUUUUUGE!!!!

    Go google "forex trading" and you'll see how many competitors there are.

    Go to Clickbank and see how many forex products there are plus the payout for every product.

    That should give u a good idea of its profitability
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    • Profile picture of the author Matt James
      Having written a TON of copy in this niche...

      And by getting a sneak peak at some of the launch takings...

      YES... there is a lot of money in Forex.

      Getting more competitive by the day but it's one of those markets where they just seem to eat up every new product that comes along...
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      • Profile picture of the author FredFarnes
        Joseph,

        The answer is yes. There is money to be made. Similar to the "work from home" or "internet marketing" niche, the forex niche fills a need. However, the forex niche is highly competitive. Try buying some ads via adwords, you will quickly notice the cost per click is very high. Also, the topic is complex. If you are new to the topic, you have a steep learning curve.

        I have had a forex forum for the past few years.. It gets about 4-5 thousand unique visits per month. This is a quality forum with serious traders, and many regulars who make a loyal community.

        What it really lacks is more input from qualified posters to help maintain conversation and to broaden the topics a little.

        I'm looking for a few people with FOREX experience and trading knowledge. The aim is to help traders, give advice and suggestions, answer questions, post some unique (not duplicate) content etc. Sales hype and product marketing is not appropriate for this forum.

        In return, you get a signature that links to your website/blog etc. This website generates revenue from clickbank affiliate links. So you would not be able to post such links in the forum or have them in your signature.

        Most importantly, you should be an experienced trader, and be able to help other traders, some of them with a lot of experience of their own. This is not an opportunity for a newbie, for sure..

        If anyone is interested, send me a PM to discuss this.
        Signature

        So, you want to sell me another way to easily make "X" dollars in "X" days? ROFL too funny! IM success requires hard work and lots of time. Most newbies do not survive the steep learning curve. Anyone who says otherwise is probably selling you a fantasy.

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    • Profile picture of the author WareTime
      Originally Posted by Anthony Wee View Post

      The Forex niche is HUUUUUGE!!!!
      I second that. Funny true story about myself. I had a forex site for a year, didn't make anything. I took the site down, never checked Shareasale afterword. Turned out I sold one product just before taking the site down, my commision was $150. It showed up in the mail 90 days after I canned the site because I didn't have a w-9 on file so it took some time to get the payment before I realized the error in taking the site down.

      I'm back in the niche.
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  • Profile picture of the author Jay Ang
    Hi Joseph ,

    Forex niche is definitely a gold mine if done correctly. On affiliate marketing alone, go to clickbank and do a quick search on forex in the marketplace , you would realize forex product comms are one of em with the highest dollar value per sale. The gravity of some products are crazy as well as compared to some other niches.
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  • Profile picture of the author Andrea Brown
    Of course! There is tons of money!

    I started promoting forex about a year ago with eToro. I've made a lot of money with this niche and now I've moved on to promoting products like FAP Turbo. I would encourage you to promote this niche if you want to make some quick money. It's a gold-mine if you use the right promotion techniques.
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    • Profile picture of the author Ilse
      Originally Posted by ambrown View Post

      Of course! There is tons of money!

      I started promoting forex about a year ago with eToro. I've made a lot of money with this niche and now I've moved on to promoting products like FAP Turbo. I would encourage you to promote this niche if you want to make some quick money. It's a gold-mine if you use the right promotion techniques.
      What do you mean by "It's a gold-mine if you use the right promotion techniques"?

      Thanks,

      Ilse
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      • Profile picture of the author FredFarnes
        I have several forex sites. Two are part of the ClickBank network, so affiliates can earn commissions. One of them is my video seminar product, the other is a membership site.

        I've been in the trading arena for almost 30 years (used to be a stock broker in the old days), and have had trading related websites for longer than I can remember! I had a website even before graphic browsers were popular (all text).

        Yes there is opportunity in the Forex niche, but it is highly competitive, and quite saturated. If you want to put in a lot of effort, it can pay. If you're looking for a quick easy income, it's probably not the best choice. (Though what is?) You will have to invest some time becoming familiar with the industry. FYI, misrepresenting trading performance can earn you jail-time, so can a few other errors. So, similar to the medical/health/cures verticals, do not misrepresent, and understand the laws. One mistake there could end your career and introduce you to some new friends on the "inside".

        All the standard IM principles apply. Do your work, you get paid.

        If you need any help marketing my products/memberships, send me a PM. I'm happy to help.
        Signature

        So, you want to sell me another way to easily make "X" dollars in "X" days? ROFL too funny! IM success requires hard work and lots of time. Most newbies do not survive the steep learning curve. Anyone who says otherwise is probably selling you a fantasy.

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        • Profile picture of the author Ilse
          Originally Posted by FredFarnes View Post

          I have several forex sites. Two are part of the ClickBank network, so affiliates can earn commissions. One of them is my video seminar product, the other is a membership site.

          I've been in the trading arena for almost 30 years (used to be a stock broker in the old days), and have had trading related websites for longer than I can remember! I had a website even before graphic browsers were popular (all text).

          Yes there is opportunity in the Forex niche, but it is highly competitive, and quite saturated. If you want to put in a lot of effort, it can pay. If you're looking for a quick easy income, it's probably not the best choice. (Though what is?) You will have to invest some time becoming familiar with the industry. FYI, misrepresenting trading performance can earn you jail-time, so can a few other errors. So, similar to the medical/health/cures verticals, do not misrepresent, and understand the laws. One mistake there could end your career and introduce you to some new friends on the "inside".

          All the standard IM principles apply. Do your work, you get paid.

          If you need any help marketing my products/memberships, send me a PM. I'm happy to help.
          Most forex vendors are cheating their results. Double your money every month...Up 700% in 3 month..

          Seems nobody cares about their fake results.
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        • Profile picture of the author ccpendleton
          Hey Fred,

          Yes, I'm interested to find out what trading product you're offering affiliate commissions for. We have a trading site with products, services, seminars and webinars. But nothing in the FX industry yet. What'cha got? I'm interested...

          Candace
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    • Profile picture of the author askloz
      you'll start getting a bad name if you promote EA's like fabturbo that don't work. be careful.

      Originally Posted by ambrown View Post

      Of course! There is tons of money!

      I started promoting forex about a year ago with eToro. I've made a lot of money with this niche and now I've moved on to promoting products like FAP Turbo. I would encourage you to promote this niche if you want to make some quick money. It's a gold-mine if you use the right promotion techniques.
      Signature
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      • Profile picture of the author FredFarnes
        Originally Posted by askloz View Post

        you'll start getting a bad name if you promote EA's like fabturbo that don't work. be careful.
        I definitely agree that the whole "robot" scheme is going to implode. It is over-hyped, and real people will lose real money experimenting in the markets. In time it will develop a negative reputation.

        Be careful of that hard-sell business plan.
        Signature

        So, you want to sell me another way to easily make "X" dollars in "X" days? ROFL too funny! IM success requires hard work and lots of time. Most newbies do not survive the steep learning curve. Anyone who says otherwise is probably selling you a fantasy.

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        • Profile picture of the author Nevada Gal
          What's really great about the forex market is the rabid mentality. Forex people will always be buying the latest greatest whatever in their attempt to skin the money cat.

          As far as promoting products that are good, bad, whatever I simply think the guarantee is the bottom line. You know the old saying "one man's meat is another man's poison".

          Anyway, I've got a money churning forex blog in my arsenal ....

          Good luck
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  • Profile picture of the author ONOFFMarketing
    The problem with the forex niche, especially in communities, is that there are tons of people that want to LEARN about forex but very few who want to spread their knowledge.

    I trade forex on the side in long term trades. I don't do the day trading stuff, it took me a few years to realize that's for gamblers not for personal investors. But now that I have my own workable system, its unlikely I'll ever start spreading it around. No one is ever going to give away their secret of success.

    Beyond those points, very few people ever make money with Forex. They get caught up in leverage, start making tons of trades rather than quality trades or they were never properly capitalized to begin with. Plus, many "brokers" are merely bucketshops throwing everyone's order into one large order hoping to make a few bucks on the spread.

    And don't even get me started on stop hunting...

    Take it from me, I own a forex site, and its boring. The competition is so fierce that you're probably not going to have any major changes in SERPs and it will take plenty of time to get good rankings. Its a tough fight, but if you wait it out, there is certainly TONS of money to be made.
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  • Profile picture of the author cowboyrob
    One of the first websites I ever built was in the Forex niche, actually. I was a young marketer, and I basically decided to bite on the first thing that someone told me was going to make me the richest person in town. I guess it's better I fell for that than if I were to fall for some thousand-dollar hoax, right?

    I wrote 10 original articles after a long couple of days researching what people were saying about Forex on the net. I took notes, and made sure I would have an idea of what I was talking about. The truth is... Forex is very complicated, and you'd be hard-pressed to write like an expert on day 1 in the niche. I did my best, though, and wrote about 4500 words, focusing on various keywords along the way. Then, I submitted the site to general directories, added a link to the site in my forum sigs (you know, the basic SEO stuff). The only thing I didn't do because I didn't have the patience, sadly enough, was do article marketing. I am regretting that now.

    I left the site alone for 3 months after I built it. I mean completely alone. No link building. Nada. On the 4th month of its existence, it was getting about 20 unique visitors per day, and netting an average $40 per month in AdSense. I didn't monetize the site with CPA offers because again, I was lazy, and saw the quick money that could be made with AdSense and didn't look back. I sold off the site for a hefty profit that same month, something I sort of regret to this day because I'm only now realizing how profitable that site could of been with some simple optimization.

    Phew. Anyway, long story short... yes, Forex is a very lucrative niche to get involved in. As long as you put the effort in, and you know what you are doing SEO wise, you have a shot. Just don't expect results over night. It took my site sitting around for a month before it found its way to a steady stream of organic traffic somehow.
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  • Profile picture of the author D3javu
    Forex niche is huge no doubt about it! It's only growing and there are a ton of competitors now some clients are catching on and know that there is a new forex robot released every month and they abuse the refunds! key with this niche is gathering emails if you can create blogs forums and landing pages with a way for people to opt in their emails then your set! EMAILS = $$$$$$$$$$$$$$$$$$$$$
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  • Profile picture of the author Ilse
    Any suggestions what products to promote Loz?
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  • Profile picture of the author Tyrus Antas
    There is always money to be made when you target people who're ready to invest money. Many traders invest thousands everyday, spending a couple hundred dollars in a product is nothing...

    Tyrus
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  • Profile picture of the author BillOliver
    1) For copywriting, trading & investment including forex is one of the "BIG 5".

    2) In a few moments I'm going to start another thread!
    Hey! I Think I Found a Great Niche People!"
    Forex sites have increased supply, dropped demand and as others have said, it's getting crowded. The niche I've just discovered has HIGH DEMAND, LOW SUPPLY ... and I think is a better move!
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  • Profile picture of the author naonline
    I just put together a forex blog yesterday. I decided to stay away from clickbank products because the sales copy looks so trashy and I can't believe traders would buy that stuff - maybe I'm wrong.

    Are these products aimed at those trying to get into forex who have no trading experience?

    Anyway, there appears to be much better products around if you look hard enough and the payouts are huge!
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  • Profile picture of the author BillOliver
    Um hang on!
    Isn't the way to use clickbank to sell something REALLY cheap ... but the ebook's viral and links up to their NEXT purchase? i.e. Part 1 of a 7 part series etc.?
    Bill
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    • Profile picture of the author hsvdm
      Hello,

      I have got a conduit style review site with brokers and clickbank products reviews.The site is up since february and gets about 15-35 visitors a day. The sales are not that good.Just about $150 for about 5 months. No broker account just forex hoster and forex education books from clickbank.

      I sold just one forex robot and this one gets a refund 2 days later. It was forex megadroid robot. This was $90 commission and then refund.
      There seems to be a lot of scam in that niche but high payouts. I hope my site will convert better and gets some more visitors in the next time.

      Cheers
      Mirko
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  • Profile picture of the author Ron Killian
    I hope this isn't a dumb question, but what is "FX" or what does it refer to?
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    • Profile picture of the author Trader54
      Originally Posted by Ron Killian View Post

      I hope this isn't a dumb question, but what is "FX" or what does it refer to?
      Foreign Exchange also referred to as forex
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    • Profile picture of the author myob
      NO ONE who has been truly successful in Forex will ever reveal their secrets. The rest of "Forex" marketing is all BS and hype.
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      • Profile picture of the author Trader54
        Originally Posted by myob View Post

        The rest of "Forex" marketing is all BS and hype.
        So many think like you, whether its IM products
        or forex they think just the fact they purchased
        a product will make them rich.

        You still have to put the work in.
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        • Profile picture of the author Kesh247
          Yes you're right Trader54, I trade the Forex market myself, and you really need to put in a lot of work to make money... and I mean a lot of analysis.
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          • Profile picture of the author Ilse
            Originally Posted by Kesh247 View Post

            Yes you're right Trader54, I trade the Forex market myself, and you really need to put in a lot of work to make money... and I mean a lot of analysis.
            You don't need to do a lot of analysis. Just focus on one currency pair and do what your charts are telling you.

            To succeed in this business, you need:
            • A lot of patience
            • Experience
            • Trade only high probability trades
            • Don't follow the forex analysists (they will make you poor)
            • Don't over leverage
            • Focus
            It takes on average 5 years to master forex trading.
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            • Profile picture of the author Kesh247
              That's very interesting Ilse. If only it was that straight forward... You definitely need to do a lot of analysis. Check economic news, check candles and others.. That's coming from years of experience.

              And also if you focus on one currency pair, there's every probability that you will start playing a wishing game... It also depends on your trading style as well...

              It's always safe and best to have more than one position open, then you trade the market as it is, and not with emotions.
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              • Profile picture of the author Ilse
                Originally Posted by Kesh247 View Post

                That's very interesting Ilse. If only it was that straight forward... You definitely need to do a lot of analysis. Check economic news, check candles and others.. That's coming from years of experience.

                And also if you focus on one currency pair, there's every probability that you will start playing a wishing game... It also depends on your trading style as well...

                It's always safe and best to have more than one position open, then you trade the market as it is, and not with emotions.
                I feel best trading the EUR/USD pair only. I don't like to watch any other pairs but that's my style of trading.

                Good luck in your trading.
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