Forex Affiliate Program
A FOREX affiliate program seeks to attract new customers for a FOREX (foreign exchange) web site so they can engage in foreign exchange. There are many types of affiliate programs on the Internet, and each offers some type of financial reward site owners to bring increased traffic to the vendor website. The owners of affiliate sites also get a percentage of revenue. This is accomplished by displaying ads or banners (embedded with the bank account number of the partner) that attract the attention of potential customers. Marketing tools and tips to improve the response rate of customers are also provided.The exchange industry is a huge market with daily turnover worth trillions of dollars. Those who are involved in trading exchange central banks and commercial organizations, professional traders and individuals.
and these may be located anywhere in the world. Access to online reports on their traffic and commission levels is usually available. Commissions are based on a percentage of sales generated, with a fee for each individual brought to the merchant. Sometimes a affiliate program offers a second level of potential revenue when customers of affiliate also become affiliates. At this stage, commissions are earned on their commissions.Most foreign exchange is between the U.S. dollar and six major currencies: the euro, Japanese yen, British pound, Swiss franc, and Canadian and Australian dollars. No physical exchange of currencies actually occurs. Instead, participants agree to exchange a foreign currency at an agreed date and exchange rates. The traders can speculate either for or against the value of money. Only a small proportion of the amount necessary to obtain a contract. read more
Even with a legitimate FOREX affiliate program, customers are certainly not immune from great losses. Most individuals do not possess the information or experience which professional traders have, but even if they did, successful results are far from guaranteed. About 90% of traders lose money on FOREX deals. Studies have been done which indicate that since there are a finite number of trades available, and most traders are somewhat under-capitalized, there is no probability of winning against a world of capitalized players who will never all become bankrupt before the individual does. Often, participants do not factor in other costs which are subtracted from all players: commissions, fees, and transaction costs. Given all these factors, the only honest conclusion one can make is that FOREX investors are most likely to lose all of their money!
Many firms or individuals that seek to obtain accounts for foreign exchange currency dealers are unregulated, so the investor is exposed to the possibility of fraud. The US Commodity Futures Trading Commission (CFTC) loosely regulates the foreign exchange market in the United States and notes increased numbers of fraudulent dealings during non-bank-related transactions in the exchange industry. Both the CFTC and the National Futures Association (a self-regulating body) offer programs to help resolve disputes involving FOREX accounts. However, opportunity for fraud still exists. An individual participating in some type of FOREX affiliate program should be extremely careful to check out the organization running the program, and to read all contracts thoroughly. Avoid programs which push for quick decisions, or are unwilling to answer questions. Finally, do not invest any sums of money with a FOREX affiliate program which are needed to provide for present or future (retirement) needs.
Source :http://www.christianet.com
Many firms or individuals that seek to obtain accounts for foreign exchange currency dealers are unregulated, so the investor is exposed to the possibility of fraud. The US Commodity Futures Trading Commission (CFTC) loosely regulates the foreign exchange market in the United States and notes increased numbers of fraudulent dealings during non-bank-related transactions in the exchange industry. Both the CFTC and the National Futures Association (a self-regulating body) offer programs to help resolve disputes involving FOREX accounts. However, opportunity for fraud still exists. An individual participating in some type of FOREX affiliate program should be extremely careful to check out the organization running the program, and to read all contracts thoroughly. Avoid programs which push for quick decisions, or are unwilling to answer questions. Finally, do not invest any sums of money with a FOREX affiliate program which are needed to provide for present or future (retirement) needs.
Source :http://www.christianet.com
Forex Market Overview
Introduction The following facts and figures relate to the foreign exchange market. Much of the information is drawn from the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2007. 54 central banks and monetary authorities participated in the survey, collecting information from approximately 1280 market participants.
Excerpt from the BIS: "The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS.
Source : www.goforex.net
Excerpt from the BIS: "The 2007 survey shows an unprecedented rise in activity in traditional foreign exchange markets compared to 2004. Average daily turnover rose to $3.2 trillion in April 2007, an increase of 71% at current exchange rates and 65% at constant exchange rates...Against the background of low levels of financial market volatility and risk aversion, market participants point to a significant expansion in the activity of investor groups including hedge funds, which was partly facilitated by substantial growth in the use of prime brokerage, and retail investors...A marked increase in the levels of technical trading – most notably algorithmic trading – is also likely to have boosted turnover in the spot market...Transactions between reporting dealers and non-reporting financial institutions, such as hedge funds, mutual funds, pension funds and insurance companies, more than doubled between April 2004 and April 2007 and contributed more than half of the increase in aggregate turnover." - BIS.
Source : www.goforex.net
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