It will be hard to track the exchanged link. Be carefull while doing three-way link exchange, there are some tricks.
Hi Dear, 3 way link exchange is the good way for increasing page rank of any website and it has some limitation so be careful while doing 3 way link exchange.
Yes, 3 way link exchange is not bad but you have to mention one offline file simply maintain one Excel file check it once a months whether you link are live on other site or not if not simply mail your link partner or remove the link
be care full and use tool to count OBL and IBL where u get link................many guys do link exchange for other site and u will difficult to find. but that is good method for link popularity so use it.
Three way link exchange is very effective because it improve the page rank and also helps in increasing traffic on the site.
Basically we do the 3 way link exchange for increasing the page rank, but do the link building carefully because Google search engines restricted the 3 way link exchange or 2 way.