Each of us wants to have a passive income. Passive income is money that goes into your hands. At the same time, you do not make much effort to earn. This type of earnings includes earnings in the Forex market. And this does not mean working as a trader. The Pax Forex offers to get acquainted with the ways of earning on Forex with the help of affiliate programs.
Become an IB!
The most unpleasant thing in the Forex market is that you can lose your money. Interestingly, there are ways to not only guaranteed to save your money but also constantly increase them. How to make money on Forex and be fully insured against losses? For this purpose partner programs are thought up. Let's see what it is.
The essence of the affiliate program is to become an attractive broker. This broker is engaged in attracting new customers to the trading platform. When registering a new client, as well as when making trading transactions, the attracting broker receives a Commission.
Amount of income
The level of income from participation in the affiliate program depends on several factors:
- the number of attracted clients;
- the number of transactions they have made;
- the volume of their transactions and some others.
How can you earn on Forex exchange? Primarily, on spreads. That is the difference between the rates of purchase and sale of currency. In this regard, there are several types of payments to partners:
- the share of the spread that the trader attracted by you pays to the trading platform. This share can be from 10 to 90%
- one-time payment for the attracted client. The amount of the reward will depend on the size of the new trader's Deposit made to the trading account.
But if you have your own website, the ways of earning increase. How does one begin to attract customers to the affiliate merchant site? Of course, first, you can try to attract customers through personal communication with people. But in the 21st century, in the age of Internet will be much more effective to advertise on your website or page in the social network.
As advertising elements can be presented:
- ready site with thematic content;
- components for creating a profile page in the social network;
- links, banners for placement;
- content, that will fill your website: trading robots, financial informers, training videos, financial news RSS-feeds and other elements.
If you have your own resource, especially if it is related to the subject of the foreign exchange market, then you can place a special banner from the partner on its pages. It will be a referral link. Each user of your resource, who has passed through the banner and registered with the partner, will be considered as invited by you.
You can also search for customers using free forums, social networks, creating thematic communities and public pages. In General, it all depends on your capabilities and preferences.
Of course, the key to your success will be the choice of a broker and its affiliate program. At the moment, the best affiliate programs provide the main Forex brokers, such as PaxForex. You should definitely choose from them, each of them has its own nuances, which are largely decisive.