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Common Forex Affiliate Mistakes

Posted by Stranger in Crowd at 1:37 PM

Forex affiliate marketing is blooming resulting in increasing number of forex sites. Many affiliates strive for success, however not every site brings income. What make a website profitable? What are the common affiliate mistakes and how to avoid them?

Mistake 1: Don’t know anything about forex

Whether you like it or not, you have to understand what you promote, especially when it is forex market. If you don’t have enough time and effort to sit and learn what forex is all about, you might want to pass it up. Forex has to become your area of expertise, your passion, your “one and only”!

Being an expert in forex is of course not everything in affiliate marketing, however in the long run, if you do invest your time in understanding, your experience with forex will be much more pleasurable and profitable.

Mistake 2: Spam potential traders
If your forex website collects emails for newsletters, make sure not to send spam. The newsletter should contain informative and useful information for a potential and existent trader.

The links/banners of forex brokers or other forex products you present should not overwhelm the reader, otherwise traders will hate your site, block the newsletters as junk and never visit your site again. Even if you need to hire someone to write a decent forex article – do so. It is worth the fee.

Mistake 3: Wrong tracking code
Make sure to check and recheck the tracking code (both links and banners) you set up on your forex website. Even one tiny mistake can result it disaster – the traders referred by you will not be tracked and added to your affiliate account.

Mistake 4: Not getting your own feet wet
As a forex affiliate, you have to convince the traders to trade with promoted forex brokers or buy certain trading products. It is impossible to give a truthful review on something without trying it out yourself.
You can lose respect and trust of the visitors. How? Here is the scenario – you promote a forex broker or product that doesn’t deliver what is promised. By promoting them, you are responsible for the recommendations given to traders. Therefore, it is your job to see what is really delivered.

Mistake 5: Giving up too quickly

Many affiliate beginners, especially in forex market, seek fast income. It is crucial to be patient and put all the efforts in the content building – the results will surprise you!

Keep in mind that some potential traders don’t deposit right away. On the opposite, they learn about trading and practice with free demo account provided by most forex brokers. It can takes several month before the first deposit is made.