Earn passive income from Affiliate Marketing

Affiliate marketing is all about generating tons of profits without any effort, right? At least that’s what a quick Google search would have you believe, but as usual, the truth is a little more complex than that. Yes, you can make money through affiliate marketing. Good money. And, yes, you can even make money while you sleep.

Affiliate marketers are often paid to refer new customers and customers to other businesses, products or services through blog posts, webpages, emails, or tracks posted on social media posts. This relationship can take many forms. You can partner with a brand that launches a particular product and get a percentage of the revenue generated by your recommendations.

In this article, we’re going to teach you how to generate passive income with successful affiliate marketing.

How to attract forex traffic?

There are a lot of different ways to attract forex traffic to your partner website, let’s take a look at 7 most common ideas:

1. First of All Create Content For Affiliate Marketing

In an effort to make money with affiliate marketing, most beginners simply publish some random content and insert affiliate links within the article. That strategy may or may not work, but if you truly want to boost your affiliate revenue, you’ll need to make sure the content you publish reaches your target audience. Your target audience is someone who wants to buy a product but not sure whether or not the product is worth it. Sometimes, the user may not even know which product to buy for fulfilling their needs.

As an affiliate marketer, it’s your job to help users discover the right product for their needs with high-quality content, help them make a purchasing decision, and then navigate them to the product website for completing the purchase. That means your article should be targeting investigational intent keywords — the type of keywords your target audience uses on Google to research about the product they want, right before making the purchase.

2. Online magazine ads

There are plenty of sites devoted to economics, business and investment. Most of them have audience that may potentially be interested in your affiliate offer. Prices on online ads usually depend on site traffic, but so is your return.

Tips: In order for this strategy to succeed it is important to choose the right magazines. We recommend that before investing any money into ads you check the site’s traffic through independent services and to make sure they have enough visitors for the price they ask. Try to get the most visible places for your ads (nobody pays attention to a small banner on the bottom) or take it to the next level by ordering an article. Articles that provide valuable information to a reader help build trust and bring better returns.

3. Google Adwords and similar services

Google Adwords is a service that shows your ads to users when they search for specific keywords. The logic behind it is very straightforward and cost-effective. You only pay when someone clicks on your ad – this pricing model is called CPC (Cost Per Click).

Tips: Use additional tools to find the best keywords which is available in Many Websites. Make sure your ad links to a landing page that contains the same keywords – this helps lower CPC.

4. Targeted advertising through social networks

When you use Google Adwords your ads are displayed to users that are looking for it. With Facebook it works differently: you set parameters that define your potential client such as age, gender, country of origin, personal preferences, etc. In some cases you may even select users who already like your competitors. The ad then is showed to everyone matching your criteria. If they get interested they click on it and land on the website.

Tips: Facebook offers different pricing models from cost per click to cost per conversion. Experiment with different options to see which one brings you the most revenue. Don’t include images containing more than 40% of text as Facebook doesn’t allow them.

5. Promotion through own website

This method best suits to people who already have their own website, but if you don’t have one there are ways to create one for free without technical knowledge. Most forex affiliate programs provide users with a variety of banners in different sizes which can be placed anywhere. Put one on the visible place on your website and wait for forex traffic to start coming.

Tips: This method may take longer than previous 3 ones, especially if you are starting a new website, so be patient.

6. Guest posting

Guest posting is an effective way to get traffic without investing money. You find suitable blogs and offer to write interesting articles for them if they agree to include a link in your bio. If you have no time or poor writing skills consider hiring a freelance writer to do create the text for you. Main benefit of guest posts in popular blogs is that they are well indexed by search engines and will keep bringing you traffic for months.

7. Social networking

If you are a social butterfly, this method is for you. Place your affiliate link as a signature and simply chat with users on relevant forums. Every time some of your online friends follows the link to open an account you will receive a commission.

Tips: Don’t limit your activities to forums only, Facebook groups and Google+ communities are also a good source of traffic and some of them allow direct advertising.

How does Affiliate Marketing Work For Affiliates?

  • A partner signs up to the broker’s affiliate program and gets a unique affiliate tracking link.
  • The affiliate promotes the broker through their own social media channels, such as Instagram / YouTube / Facebook / Twitter / websites / trading groups / signals and /or online training courses.
  • A potential client is redirected to the broker and signs up via the affiliate tracking link.
  • The trader begins trading through the recommended broker. Their activity is linked with the client’s account where the affiliate can track and optimize activity.
  • The broker pays out a commission to the affiliate in exchange for the converted traffic.

 

Is it easy to make money as a Forex affiliate? This depends on your level of experience. It may take a few months before you are going to make good money. In our experience forex is the most lucrative business on the entire web for affiliates! We’ve seen what professional affiliates in the adult industry make in commissions, and its good money for many of them.

Conclusion

As with most things, timing is everything when it comes to Forex affiliate programs. The Forex market is still in its expansion phase, making it the perfect time to set up as a Forex affiliate and establishing a steady source of income. Affiliates continue to earn from a client as long as said client keeps trading with the broker they were referred to, and as income is generated per trade, the potential profits are tremendous.

The Forex market never sleeps, making it easy for affiliates to attract investors who can only trade at certain times of the day. It involves both buying and selling of currencies, facilitating profitable trades in both rising and falling markets, making it even more attractive for potential traders. The liquidity, transparency, and ease-of-access combine to make Forex practically irresistible and vastly profitable for Forex affiliates. Explore Winstone Prime Affiliate program and earn handsome money.

USD/JPY Weekly Forecast (08th February 2021 – 12th February 2021)

Fundamental view:

The US dollar has rallied significantly during the course of the week. As per the previous week report, In light of ADP’s 174,000 new workers on a 49,000 forecast and after an excellent week of US January statistics, including Manufacturing Employment PMI at an 18-month high and Jobless Claims at a nine-week low, data suggested a much more vibrant and expansionary economy than would have been considered possible a few weeks ago.

Japan Markit Manufacturing PMI on 1st Feb and US ISM-NY Business Conditions Index on 2nd Feb created bearish trend whereas US Markit Composite PMI on 3rd Feb and US Unit Labor Costs quarterly report on 4th February created bullish trend for the pair.

The major economic events deciding the movement of the pair in the next week are BoJ Corporate Goods Price Index monthly report, US JOLTS Job Openings at Feb 09, BoJ Board Member Nakamura Speech, US CPI monthly report, US EIA Crude Oil Stocks Change, Federal Budget Balance at Feb 10 and US Initial Jobless Claims at Feb 11.

USD/JPY Weekly outlook:

Technical View:

Last week’s high was 0.79% higher than the previous week. Maintaining high at 105.77 and low at 104.61 showed a movement of 116 pips.

In the upcoming week we expect USD/JPY to show a bullish trend. The currency pair is trading above the 100 Simple Moving Average and the MACD trades to the upside. A solid breakout above 105.86 may open a clean path towards 106.40 and may take a way up to 107.02. Should 104.70 prove to be unreliable support, the USDJPY may sink downwards 104.08 and 103.54 respectively. Chart formation of bullish pennant pattern in H4 chart favors prospects of a bullish trend. Bullish engulfing pattern formation escalates the expectation for a bullish trend.

Preference
Buy: 105.31 target at 106.24 and stop loss at 104.65

 

Alternate Scenario
Sell:  104.65 target at 103.71 and stop loss at 105.31

XAU/USD Weekly Forecast (08th February 2021 – 12th February 2021)

Fundamental view:

As the corona virus crisis became the primary driver of financial markets last March, the greenback adopted the role of a safe-haven and formed a strong inverse correlation with major equity indexes in the US.

Amid strong upbeat macroeconomic data releases and the coronavirus vaccine rollout, the above-mentioned correlation seems to have started to weaken lately. For the first time in nearly a year, better-than-expected data releases from the US provided a boost to the USD and weighed on XAU/USD.              

The major economic events deciding the movement of the pair in the next week are JOLTS Job Openings at Feb 09, CPI monthly report, EIA Crude Oil Stocks Change, Federal Budget Balance at Feb 10 and Initial Jobless Claims at Feb 11 for US.

XAU/USD Weekly outlook:

Technical View:

Last week’s high was 0.21% lower than the previous week. Maintaining high at 1871.7 and low at 1784.9 showed a movement of 868 pips

In the upcoming week we expect XAU/USD to show a bearish trend.  The Instrument is trading below the 200 Simple Moving Average and the MACD trades to the downside. A solid breakout below 1775.4 may open a clean path towards 1736.7 and may take a way down to 1688.6. Should 1862.2 prove to be unreliable resistance, the XAUUSD may raise upwards 1910.4 and 1949.1 respectively. In H4 chart, descending scallop pattern formation favors prospects of a bearish trend. Also to be noted bearish harami formation exerts the expectation of downtrend for the pair.

Preference
Sell:  1814.3 target at 1769.5 and stop loss at 1847.5

 

Alternate Scenario
Buy: 1847.5 target at 1900.4 and stop loss at 1814.3

GBP/USD Weekly Forecast (08th February 2021 – 12th February 2021)

Fundamental view:

Pound formed a rally against greenback in the past week. The BOE has shut the door on negative rates. The Bank of England will continue working on the technicalities of negative rates, but it has also assured investors that the topic is off the table. BOE Governor Andrew Bailey and his colleagues have also raised their estimate for growth in the fourth quarter of 2020 – raising the base for future gains. Alongside an acknowledgment of vaccines’ positive impact, the pound staged a rally. 

Britain BoE M4 Money Supply m/m & US Markit Manufacturing PMI on 1st February and Britain Nationwide HPI monthly report & Nationwide HPI yearly report on 2nd February created downtrend for the pair whereas US ISM-NY Business Conditions Index & ISM-NY Current Business Conditions on 3rd February and Britain Markit/CIPS Construction PMI on 4th February created a uptrend for the pair.

The major economic events deciding the movement of the pair in the next week are BoE Governor Bailey Speech at Feb 08, US JOLTS Job Openings at Feb 09, US CPI monthly report, US EIA Crude Oil Stocks Change, Federal Budget Balance at Feb 10, US Initial Jobless Claims at Feb 11 and UK GDP quarterly report at Feb 12.  

GBP/USD Weekly outlook:

Technical View:

Last week’s high was 0.01% lower than the previous week. Maintaining high at 1.3758 and low at 1.3566 showed a movement of 192 pips.

In the upcoming week we expect GBP/USD to show a bearish trend.  The currency pair is trading above the 200 Simple Moving Average and the MACD trades to the upside. A solid breakout below 1.3614 may open a clean path towards 1.3494 and may take a way down to 1.3422. Should 1.3806 prove to be unreliable resistance, the GBPUSD may raise upwards 1.3878 and 1.3997 respectively. Chart formation of double top pattern in H4 chart favors prospects of a bearish trend. Spinning top pattern formation escalates the expectation for a bearish trend.

Preference
Sell: 1.3731 target at 1.3495 and stop loss at 1.3815

 

Alternate Scenario
Buy:  1.3815 target at 1.3996 and stop loss at 1.3731