How Can You Earn with a Forex Affiliate Program?
Forex or the foreign exchange market is a very wide market where people invest money to buy and sell the currencies depending on the prices of the currencies. This is a highly risky business though you may earn a great deal of money in merely no time at all. There is an equal if not higher risk in losing money when you do the same. There are some safe and completely risk free programs in the forex business like the affiliate programs. Forex affiliate programs are highly beneficial to both the affiliate and the organization under which he works as an affiliate. A forex affiliate is a person who works under a forex organization and helps to increase the number of clients either directly by referrals or indirectly by market researches.
Any affiliate for any organization is allowed to choose from numerous methods of earning revenue which generally is commission from the client’s transactions and money earned on referrals. There are 2 most popular schemes that the forex affiliate programs of most organizations that work online allow you to choose from. CPA or the cost per acquisition scheme allows you to earn money for every single person that you refer to their foreign exchange trading firm. There are some websites that allow you to earn as high as $10,000 for a single referral. This is a onetime payment as commission that you receive. This is called the Fixed CPA. Furthermore, there is another way of payment that is termed the Escalating CPA. Under this method, you would have an initial referral commission and the commission received would increase constantly with the number of referrals that you make.
The 2nd tier commission is the second option that most online forex trading companies offer under their forex affiliate program. Payment under this method is not only reliant on the number of referrals that you make but also the number of transactions per month that he makes. This allows you extra benefits of earning a percentage of the money he invests in the foreign exchange. Suppose that a foreign exchange company offers a 10% commission on the investments made by any referred client. If that client on an average invests over $500 in various transactions over the month, you earn an extra $50 merely on the money invested by another person.
The benefits in reality are usually much higher as the investments are often larger than a number chosen for ease of calculation and also you would have made more than one referral. This forex affiliate program is highly beneficial as you need not spend a lot of time to establish yourself and earn money. There is no real risk of competition or investment. The only investments that you make would be on obtaining a domain to promote your idea.
Shannon Hill - About Author:
Shannon Hill is an experienced foreign exchange trader and recommends YTFX Affiliates that offer one of the best forex affiliate programs online for great incomes. Opt for their forex affiliate program and avail numerous benefits in the form of attractive commissions.
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