no. reciprolcal links hold virtually no value to search engines. the best links are one-way quality, relevant links
where can we find more one-way links as posting comment, article submitting, forums and profile links are very time-consuming and we could only add a few one day?
Two way link building is consider as reciprocal link building. if you are getting link juice from either side the on the other side you are also transferring the same. It can be useful for the sake of traffic but one way link building will transfer traffic and link juice to your website. One way link building is better than one way link building.
I prefer one way links as you can't always guarantee the quality of other peoples sites. I am an affiliate marketing manager and find that one way links are actually very easy to build. You can do this by posting on blogs and forums which are related to your site. Also you could always create video, write articles and use social networking to help with your sites exposure.
no, if you are looking for link exchange then three way link exchange is effective compare to two way link exchange, three way link are look like natural links, you can also do forum commenting for quality inbound links
Two-way linking and reciprocal linking can be beneficial provided they are mutually compatible. In other words their contents should tally in subject matter and topic.
3 way links are better than 2 way so you can go for three way as well but the best is one way link building.