I would like to know how they can afford to pay 10k per referral. My friend, a young naive kid (like me) says he wants to make money off of FOREX in future because "there are special programs that predict the changes in currency" Yet I have read many times that only 1 in 100 or 2 o3 in 100 make money long term from FOREX. So, my second question is; are all the tools they offer just incentives to get ppl to get into FOREX trading (and thus possibly sign up through aff links)? I don't plan on being an affiliate, mainly b/c I know nothing about the industry, and I would rather focus my attention toward sectors I enjoy/am familiar with such as poker. This just caught my attention. Just google "FOREX affiliate" and see. FOREX stands for foreign exchange btw in case you were wondering.
There is a lot of money in Forex to be made. But you need a big pile of money to start of to making money. There are several methods how they can pay you huge amounts of affiliate money once you found a referral willing to learn and invest a certain amount of money at first in his/her trading account. In general, an affiliate can select a CPA method (flat fee per referral) or a revenue sharing method (percentage of the revenue generated from the referral's activity, for the lifetime duration of his trading account). The affiliates commission is calculated and updated monthly, where the report to such is accessible at all times. The commission rate offered in CPA or rev-share programs may be tailor made to the specific affiliate, depending on his success and quality of referrals.
Alot of people try to work out programs using all kinda of tools, I was going to try it but decided it was too unpredictable when I lost my fake money playing the simulations. As far as refferals go I dont see how they could possibly pay so much but then again an investor would be dealing in much more money I imagine.