Hello dear reader. Today I’d like to introduce you to yet another potentially big money making opportunity. This opportunity won’t cost you a penny, but it will “cost” you some hard work and sweat equity as they say. The AVAPartner program is an affiliate program offered by AvaTrade which is a wildly popular Forex broker. If you are new to Forex and have no clue what Forex trading is all about and what does a Forex broker do, then permit me to only take a few minutes of your time to educate you with some freely available (thanks internet) information.
What Is a Forex Broker?
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker.
How can I make money with Forex Brokers?
The answer to this is pretty simple. If you have a means to drive traffic (visitors) to a forex broker’s website that forex broker will reward you by paying you a commission for every paying customer you bring to them. Typically brokers offers two types of reward structures:
1) CPA – With the CPA (Cost Per Acquisition) plan, you get a fixed payment for every client you refer to AvaTrade. The CPA commission structure guarantees a consistent rate for every new investing trader
2) RevShare – Typical of long-terms partnerships, where you can continue to receive your revenue share – you’ll see profits from your client’s trading volume, as long as he keeps trading – a fixed percentage belongs to you.
The payout scheme you decide to go with all depends on what you value the most, a big one time fat payout or a smaller percentage share of the broker’s revenues over a long period of time. With the RevShare option you are gambling that the customer you refer will stick around with the broker and generate commissions for the long term. The right way to go is not always immediately obvious.I typically go for the RevShare option whenever given because I much prefer a smaller consistent monthly reward than one big payout.
Admittedly this is a very niche affiliate program because not many of you are going to be good at marketing to Forex traders, but those of you that run finance related sites could stand to benefit by venturing into this industry.
To find out more details and to see if this is the right money making opportunity for you please visit the AvaPartners Website