FOREX and MLM
FOREX and MLM, an opportunity for professionals?
Forex traders make money through buying and selling currencies on the FOREX market. FOREX is a huge global industry with a daily turnover of 3 trillion dollars, that’s 40 times the size of the NASDAQ.
Whether you are a website owner or an online marketing entrepreneur you can earn money referring Forex currency trading clients via Affiliate and MLM progamms. Whilst there may be a number of fully regulated, reputable international companies that provide a highly transparent and honest service, it's commonly thought that about 90% of all retail FOREX traders lose money.
How it works
Individual traders trade on margin. For example, a stake of just $100 gives a trader access to a deal worth $10,000 (using a leverage of 1: 100). Markets fluctuate constantly and for a margin trader every little move is magnified 100 times. And while potential profit is unlimited, the trader can only lose their initial investment – for this example, $100.
If you have F.i. a $10,000 account and only open one $100,000 position, this has committed only $1,000 of your money plus you must maintain $1,000 in margin. While this leaves $9,000 free in your account, it is possible to lose almost all of it if the speculation loses money.
There are many FOREX affiliate programs, in our opinion this is a high risk opportunity for professionals, less suitable for MLM/affiliate “newbies”.
Looking for a Forex broker? Check this website first!