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There has been some interest recently about trading forex (for-eign ex-change) and brokers, and monetizing a forex currency information site. With this niche, many of the same methods of making money from the site are the same, such as selling advertising, books, training courses, and AdSense. In addition to the typical products promoted and sold, forex traders would have an interest in software packages that analyze trading opportunities, charting software that allows visual display of currency pairs, real-time or delayed data feed services, practice websites, and forex brokers.
You may notice the sale of trading systems is not in that list. That is because systems (bought and) traded by individuals rarely work, and when they do, it is for a short period of time. EP has an thread titled Forex Systems that provides an excellent overview on trading currencies. About systems: There are two types of systems sold, mechanical and discretionary, that address three primary analytical methodologies, which are fundamental, technical, and quantitative analysis. (Standard rule: If it is a Systems eBook or CB product, customers are going to get angry with you sooner than later. With those items, make sure your cyber-liability coverage is current, because trading losses can be substantial.)
If you really want to promote a system, go to Striker.com and look through their site. They have a great page About Trading Systems and will show you the best of the best in mechanical systems for Currencies trading (and trade them for you). Systems provided to Striker, which are then independently assessed, have a greater chance of being profitable than some high gravity CB product, so are easier (and much safer) to sell. Striker has their own system performance ranking done internally, but even seeing real system results from trades in the past is no indication for any future results, and the best systems can go into substantial drawdown with devastating losses.
The preference for forex monetization, blogs and lists, is affiliate programs through forex brokerage services. I know people who travel and give seminars cheap or free, just to get people signed up to forex brokers. Many brokers have a generous CPA payment when a new user makes a deposit. The best broker programs are two-tier revenue sharing where you are paid a percentage of the revenue from people you refer, and a percentage of the revenue from affiliates that you find for them. For your efforts, a membership program or ongoing commission will beat single sales every time.
http://experienced-people.net/forums/showthread.php/3963-Making-money-with-a-forex-niche-website
You may notice the sale of trading systems is not in that list. That is because systems (bought and) traded by individuals rarely work, and when they do, it is for a short period of time. EP has an thread titled Forex Systems that provides an excellent overview on trading currencies. About systems: There are two types of systems sold, mechanical and discretionary, that address three primary analytical methodologies, which are fundamental, technical, and quantitative analysis. (Standard rule: If it is a Systems eBook or CB product, customers are going to get angry with you sooner than later. With those items, make sure your cyber-liability coverage is current, because trading losses can be substantial.)
If you really want to promote a system, go to Striker.com and look through their site. They have a great page About Trading Systems and will show you the best of the best in mechanical systems for Currencies trading (and trade them for you). Systems provided to Striker, which are then independently assessed, have a greater chance of being profitable than some high gravity CB product, so are easier (and much safer) to sell. Striker has their own system performance ranking done internally, but even seeing real system results from trades in the past is no indication for any future results, and the best systems can go into substantial drawdown with devastating losses.
The preference for forex monetization, blogs and lists, is affiliate programs through forex brokerage services. I know people who travel and give seminars cheap or free, just to get people signed up to forex brokers. Many brokers have a generous CPA payment when a new user makes a deposit. The best broker programs are two-tier revenue sharing where you are paid a percentage of the revenue from people you refer, and a percentage of the revenue from affiliates that you find for them. For your efforts, a membership program or ongoing commission will beat single sales every time.
http://experienced-people.net/forums/showthread.php/3963-Making-money-with-a-forex-niche-website
