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HY affiliates reviews - is it possible to make money with marketing forex services?

Discussion in 'Broker Discussion' started by ZhoGorisar, Mar 11, 2020.

  1. Direbringer

    Direbringer

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    Gotcha, thank you for clarifying that. Actually the answers from both perspectives are quite interesting. It turns out you can't promise much on your behalf about the brokerage service. That makes sense in fact. Otherwise people could have used scam methods to promote the broker and get their payouts, whiletons of customers would have been left disappointed that broker does not fulfill all the fake promises.
     
  2. Shalidwyndont

    Shalidwyndont

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    I tried a business very simlar to affiliate business few years ago. That was more of a personal partnership though.
    I think the most important thing to consider is to find out how you can plan your future so that you can work less on your side of the business and keep getting the money for the work you've done
     
  3. ZhoGorisar

    ZhoGorisar

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    ahah, well, so far I simply want to get some money for all the efforts I've invested in this thing. To tell the truth I've spent lots of time and efforts in marketing and so far I've got only three subscribers that have invested enough money in trading with HY. Lots of people come, some register accounts, but very few actually deposit money. Even fewer deposit amounts significant enough for me to get my reward :(
     
  4. Shalidwyndont

    Shalidwyndont

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    I'm sure this happens because people tend to think not even twice, ten times! before they actually invest money in forex trading. Unfortunately they don't normally think the same amount of times before they open deals in a trading environment, that's why forex has got a reputation of a casino. People come, people lose money, people leave. to support this cy
    YOu need to focus on finding professionals who can trade, who know how to protect their capital and who can trade year after year so that you can keep getting your commissions while they trade and do nothing to support this cycle.
     
  5. Direbringer

    Direbringer

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    Professional traders don't normally need a new brokerage, they've got their own understanding on how to find a broker and which one of them is the best in the industry,
    So I don't think the advice is valid, unless HY affilates have got some offers that traders won't be able to resist. They do have a nice reputation, which is very good, but not good enough for traders to start moving their cash around.
     
  6. Shalidwyndont

    Shalidwyndont

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    Well, that's what affiliate marketing and marketing in general is all about. You've got to find the approach to persuade people they can get more favorable trading conditions somewhere else. Actually, if the broker has got good executions stats (like very few slippages, positive requotes, etc) - that can be a good enough reason for a trader to move his funds here. I'm speaking of professional traders now. Trust me, every pip matters for them and they know exactly where and how they lose money. Broker's fees is one of such weak points that influence profitability very much.
     
  7. ZhoGorisar

    ZhoGorisar

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    Sometimes I start thinking that targeting pros is not that much of a good idea. If you are on a rev share - yes, in this case you were right, that's favorable to let pros trade and keep part of their commissions for yourself. On the other hand.. nubies are easier to target. YOu just need to make sure those are not total nubies, but people interested in trading at least a little bit.
     
  8. Direbringer

    Direbringer

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    What about targeting rich people who trade for fun? UAE is probably a good location to look for an audience.
     
  9. Shalidwyndont

    Shalidwyndont

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    Yeap, that's something I should definitely try.
     
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