Forex or foreign exchange trading refers to the buying and selling of world currencies with CFDs with the intention of making a profit. CFDs essentially enable traders to speculate on the price movement of underlying financial assets which can include currency pairs like the EUR/USD or other types of assets including indices, shares, cryptocurrencies and commodities.

In order to be able to trade CFDs, a trader needs to have an understanding of the underlying financial assets and broader market, as well as be aware of the risks involved. In fact, around 80% of CFD traders lose money, which means that only 2 out of 10 have the knowledge and expertise necessary to profit from Forex trading. That being said, there are other ways to profit from the forex industry without having to be a broker or a market guru.

WHAT IS A FOREX AFFILIATE PROGRAM?

Most leading Forex brokers will offer forex affiliate programs for individuals with a strong online presence and a market-savvy audience. These forex affiliate programs will essentially reward you for introducing your traffic to their products and services, opening up the door to a possible second income stream.

HOW DOES IT WORK?

Forex affiliation works just like any other type of affiliation. You essentially refer your audience to a certain broker and then benefit from a commission on your referrals’ deposits or trading activity. If you have ever read a forex affiliate review, you probably know by now that there are 2 types of payouts: RevShare – lifetime commission for each lot traded by a client you referred and forex CPA.

There’s often the misconception that you need to have a website in order to become a forex affiliate affiliate or that the only way to generate forex traffic is by chatting on forums with other traders. Even though these methods undeniably work for some forex affiliates, there is a great number of ways to make money from forex affiliate programs.

HOW CAN I FIND FOREX TRAFFIC?

The truth of the matter is that without a decent following, you’ll struggle to refer anyone to the Forex broker. Not only does this mean you won’t be a particularly attractive partner for brokers, you also won’t be able to make much money as a Forex affiliate. The first thing you need to do is build a solid online following which also comes down to the quality of the content you produce. You need to post content regularly enough to keep people engaged with your site and/or with your social media profiles, not to mention to boost your rankings in search engines like Google.

Think carefully about the topics people interested in forex trading would want to hear about and focus on the problems they want resolved. Pay close attention to your SEO to encourage inbound traffic to your site or blog, and plug your articles extensively through social media channels.

WHAT CHANNELS DO I USE?

As a forex affiliate marketer understanding your audience and what they are looking for can help you better determine the channels through which to approach your traffic. There is a vast number of different traffic sources you can tap into.

What you should remember as an affiliate marketer is that dominating a single platform is not enough anymore. Your leads on Facebook are not on YouTube, and those on YouTube are different to those reading the content on your website. As such, the key to your success is to repurpose your content across multiple platforms relevant to your forex audience.

LOOKING TO BECOME A FOREX AFFILIATE?

Explore the opportunities of partnering with a leading broker by visiting Tradenamic’ forex Partners’ Portal . Alternatively, you may choose to complete our Affiliate Registration form directly. One of our Business Developers will contact you at a time of your convenience to strategise and create your own customised remuneration plan.

Given the sheer size of the global audience, there’s a niche market out there for all kinds of forex affiliate marketers from the educational websites, to the signal provider or lifestyle trader. Regardless of the kind of content you create, Instagram can help you reach a new, tech-savvy demographic that you can leverage to increase your conversions and returns. But how can you gain an Instagram following in the first place?

1. ESTABLISH YOUR NICHE WITH A PERFECT BIO

Before anything, you first need to make sure your Instagram bio is attractive. It needs to be able to tell your audience who you are, what you do and what is it that you want them to do, including a clear call-to-action.

2. ENGAGE YOUR AUDIENCE WITH INTERESTING CONTENT

Instagram is all about content, and not just any content. It’s about sharing high-quality interesting content. Having a sizeable fanbase does, mathematically, increase your chances of appearing in the feeds of more users. But what’s the point of that if people don’t engage with you or your content? The trick to increasing engagement is to create content that solves certain content needs for your audience. When it comes to a forex related profile, you could choose to provide your audience with actionable market information, real-time trading, your personal strategy or EA, trading tips, your set ups, your views on what’s currently happening in the markets or even just some inspirational posts on what CFD trading means to you and how it reflects on your lifestyle.

3. POST REGULARLY

Posting regularly is one of the ingredients of Instagram success, it’s a platform that requires you to be very active. Ideally, you should be posting at least once a day. If you can post more than that, 2-3 times a day, you will get better reach and engagement, enabling you to grow your account. There are a number of tools you can use to automate your posting or distribute your content to a number of social media platforms at peak traffic hours to optimise engagement.

4. LEVERAGE THE RIGHT HASHTAGS

Hashtags are a great way to improve the discoverability and reach of your content. Instagram allows you to use a maximum of 30 hashtags; but you should always remember to use your hashtags wisely. Try using ones that are relevant to your posts and will help you reach out to bigger audiences, but feel free to get creative and witty with your hashtags, as well. You may also use a hashtag manager to keep them organised. You can use it to store all your hashtags separately or in groups, which is really handy if have more than one account to manage.

5. UTILISE INSTAGRAM STORIES

Instagram Stories can be used in various ways. It’s a brilliant feature that should be utilised regularly as it increases engagement and makes your account look more credible and approachable. More importantly, when your account surpasses 10,000 followers, Instagram allows you to start adding hyperlinks within your stories!

You can now also take advantage of Instagram’s recent update which includes the ability to display story highlights on your profile. You may consider creating a few highlights to promote and encourage your audience to follow you on other social networks or even visit your website if you have one.

6. IMPROVE YOUR CONTENT QUALITY

One of the most important things you need to do to monetize Instagram is to improve your content quality. Standing out in an ocean of content creators will give you the edge you need to truly drive and convert traffic.   Always use high-quality images and never repeat your pitches. Additionally, you should strongly consider leveraging video content in the form of Stories or even on IGTV to stand out.

7. BUILD RELATIONSHIP WITH OTHER CONTENT CREATORS

An important element of growing your reach and influence is cultivating relationships with other content creators from your niche. You could always get in touch with them and ask them for a shoutout on one of their posts. Or you can actively engage with them and their followers on their posts. Better yet, you can collaborate with them to create content together.

8. ENGAGE WITH YOUR FOLLOWERS AND TARGETED AUDIENCE

Ultimately, being an Instagram success also comes down to how you engage with your followers. If you show that you are an actual human behind that profile picture and actively reply to your audience’s comments and direct messages regularly they will be more likely to engage with your content and convert down the line. This also applies to engaging with your followers content. Leaving a few likes, comments and following back your audience will help build positive healthy relationships encouraging engagement and trust.

Southeast Asia is currently one of the most promising emerging markets for Forex/CFD brokers and their partners alike. With new audiences to be explored and an ever-rising demand for online trading products, Southeast Asia is currently one of the most promising regions for affiliates and introducing brokers. But how exactly can Forex partners expand their business in this burgeoning region and what are the challenges that they may face?

Director of Operations of the Tradenamic Markets brand, Chris Papageorgiou shared his exclusive insights on partner opportunities in Southeast Asia in an exclusive interview with Finance Magnates. The interview touched upon the latest trends and challenges of the most burgeoning market for partners in 2018-2019. As Chris Papageorgiou notes, localised business development in Southeast Asia is thriving.

“With a population of almost 650 million people, Southeast Asia is a vast and highly promising emerging market that has relatively recently been introduced to the forex industry. The rapid economic expansion of different nations in Southeast Asia has brought about an increasing interest in online investments and trading Forex and CFD products.”

Partners interested in venturing into Southeast Asia, should also consider the challenges. As Chris Papageorgiou notes this is a fast-growing demanding market that is looking to trade with some of the most reliable and transparent brokers. There are a lot of fairly new and not well regulated brokers, that may not be able to provide the security, transparency and solid reputation required for high-end partners. What is more, brokers are facing numerous considerations regarding liquidity provision and maintaining relationships with the local banks in the region. It is therefore highly beneficial for brokers to have a local presence in Southeast Asia, ideally with manned offices in central locations.

“For brokers, contracting business with banks and liquidity providers without a local presence in Southeast Asia is nearly impossible. Local brokerage houses can only obtain liquidity and trading lines via local and registered market makers. In addition, domestic houses can secure exclusive credit arrangements that non-local brokers cannot compete with.”

Partnering with the right broker is therefore key for IBs and affiliates looking to venture into Southeast Asia. Ideally, their broker of choice needs to maintain local offices in the region and have an already established market presence. It is also important to partner with a broker that can offer your referrals a transparent and secure trading environment,

In terms of partner trends, Chris notes that Southeast Asia is a largely IB oriented region, with clients opting for a face to a face approach when it comes to choosing a forex broker to trade with. However, 2018 has seen a rapid increase in online Southeast Asia traffic.

“I think this translates into a very promising and highly unexplored market for online affiliates and IBs alike. The most popular channels for affiliates seeking to target Southeast Asia traffic are through educational forums or websites and well-established social media platforms such as Facebook. In fact, Facebook is a key driver of growth across the region with Indonesia, the Philippines and Vietnam boasting more than 250 million users combined.”

The most prevalent niches when it comes to targeting Southeast Asia as a Forex partner revolve around education as Chris reveals. This is a new audience of demanding Fin-Tech adopters that are curious to learn everything there is to know about Forex / CFD trading. They are looking into educational courses and videos, broker reviews, comparison websites, professional trader strategies by influencers, youtubers and bloggers and of course news sites and social pages that can keep them up to date with what is happening in the financial markets. When it comes to Introducing Brokers, educational seminars, workshops and gatherings can be a very effective tool when it comes to promoting forex and CFD trading to Southeast Asia audiences.

Tradenamic Markets’ robust partner network in Southeast Asia was a catalyst to the broker’s network-building efforts in the region. As Chris Papageorgiou reveals the cornerstone was set with the founding of new Tradenamic Markets offices in the heart of Malaysia in Kuala Lumpur.

“Having a local presence in Southeast Asia gave us an immense competitive advantage. We established an all-star multi-lingual team that introduced our products through a series of regional seminars and expanded our broader business development efforts in Southeast Asia. At Tradenamic Markets, we believe in sharing our experience with our partners and in supporting them every step of the way. We therefore choose to use in house support centers that comprise of experienced business developers instead of using of local call centers that cannot truly cater to our Partners’ needs.”

The Tradenamic Group, which includes both Tradenamic & Tradenamic Markets brands boasts a long-standing market reputation when it comes to product innovation, optimal support and full transparency. It shouldn’t come as a surprise that the Tradenamic Partner’s Program is enjoying great success in the Southeast. As Chris notes in his interview, the Tradenamic Group supports partners venturing into Southeast Asia with a full Partners Support Kit that includes localised marketing material, 24/5 dedicated support, local events and seminars, and innovative products and promotions to increase conversion and client engagement.

When it comes to remuneration, the Tradenamic Group maintains fair and transparent payment policies and procedures that keep their partners motivated to build long and fruitful collaborations. With unparalleled conversion rates of up to 37% and fully customisable payout plans, the Tradenamic Group presents some truly unique and lucrative opportunities for partners seeking to expand their reach.

“We offer our partners customised solutions, enabling them to create their own payout plans and ensure that we have the latest tools in place to help our partners keep track of their progress. Our partners understand that by signing up with us, they become part of the Tradenamic Group family. They don’t even consider switching to another broker, because they feel it’s just so easy and profitable to work with us.”