Has anyone noticed that there are so many different forex products on clickbank? I wonder why is that. As someone who has actually worked in investment banking before, I am curious why FX gets so much more attention than Equity, Fixed Income, Options & Futures, Over the Counter (OTC). If you look at the trading volume Equity and FI are much higher than FX. I guess the developers of those Forex systems/bots can start making FI bots and Futures bots, before anyone else does. Any thoughts?
All the bots I've ever seen from A cb products are just pretty much the same metatrader experts. Its much like how the make money online products convert well as on paper it seems like a viable earning oppourtunity.
On paper, that is. I know a guy, quant trader, who spends 10-12 a day updating and testing variables. He is an absolute geek and he never attends any social function that clients / his trading desk organise. Quantitative trading is literally a full time job, i would say its even harder to do than traders who trade using fundamental analysis.
Although I'm no expert in the field of Forex trading, I personally would never trust a software or bot that "manages" my money. But if it comes to make money from advertising those products, like on Clickbank, I wouldn't have a problem with it... @prepmaster: It seems you have found a lucrative niche for some new software products. Why not let a programmer do the hard work for you in making a FI or Futures bot and then start earning big bucks?
Hello All, I've stumbled across this forum today and I'm very impressed -- seems to be a great community of people in the know. Prepmaster -- As an Introducing Broker in the Forex market myself with many affiliates and super-affiliates, I can tell you that the guys who are making the bulk of the money are the ones offering EA's (expert advisors) and Robots (automated systems). The residiual can be huge, at least for the time that the systems actually work or keep a client trading. As in any market in the world, it's impossible to come up with a forex system that doesn't eventually cease being profitable. The residiual income is coming from the rebate that these guys get from the FCM (Futures Commission Merchant) or Introducing Broker. So, they sell these systems for a few hundred each, and may get a decent amount of people to get an influx of one-time purchases. But these systems need to place these forex trades -- which need to go througn and FCM, or IB. A smart affiliate selling an EA or trading Robot will recommond their clients to trade a specific FCM, or with a specific IB -- and every time that guy makes a trade with that $200 system, guess what? Thats right, the affiliate gets paid. The payout can be as high as $5 per round turn lot traded per client, but when you're selling an EA that places 20-30 trades a day, you can easily triple the income on the EA/Robot itself in trade commissions within a month. What a lot of my affiliates now are doing is becoming affiliates of these EA/Robot developers and then setting up a partnership with myself as an IB and recommending of my partnered FCM's to trade with. They are making more from me in the trade commissions than on the affiliate EA (one-time purchase) but they use the EA as a way to attract and claim ownership of clients who otherwise would not be theirs. You may be able to cross reference lists and have some of your options traders move into the Forex markets -- which by the way, holds the highest daily trading volume in the world of over 3 Trillion daily. I hope this post helps and even opens some eyes to those who may have a client base interested in trading Forex. I will be a regular visitor to this board so feel free to PM with any questions! Happy Trading!