HY affiliates - forex related vertical - reviews on partnership program. Worth trying?

Flamemoon

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I talked to one of my friends recently. He’s been involved in affiliate marketing a couple of years ago. Besides the restrictions for the email marketing, there might be limitations of using the referral link in social media directly. So for example, you should lead the traffic to your own resources, and place ads there. I think that adds more complicated steps. So far, I haven't had any issues with HYCM in that. Need to double check the list of registrants on my platform.
 

Nakasa

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That might complicate things. So you say that you need to create one content in social media, and other stuff in your own website?
What if I just target people who are interested in starting trading but don't have experience in that?
I mean there are lots of communities of such newbies. The goal is to start talking about trading and get them interested. Talk to each of them and convince them to deposit with HYCM…
 

Groshura

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No way, that’s just a waste of time. You’d have a very low conversion rate with newbies. They will keep asking you a bunch of silly questions. I try to find people who have at least basic knowledge in trading. They understand many things but don’t know how to apply them in reality. I help them analyse the market and make trading decisions. Sometimes that’s even related to choosing the right lot size. Once you gain authority, you may start pitching to them the benefits of HYCM as a reliable broker.
 

Flamemoon

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I agree that dealing with experienced traders is much easier. And it’s also easier to explain the benefits of the HYCM broker to them. But the type of content should be completely different. Newbies would react on motivational posts with examples of how much money it’s possible to make. Traders might need a deeper understanding of the market analysis, trading conditions, etc. By the way, I saw a couple of banners and landing pages in the HY affiliates portal focused on newbies. Like try us with the demo account and so on. However, I doubt the conversion for such clients. They could play with a demo and just forget about Forex.
 

Groshura

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You’d better focus on creating your own website. The number of topics is huge. Want education - no problem. But you should be unique. For example, focus on the psychology of trading, emotional impact, and so on. Tell interesting stories, people love to read that stuff. But you should place ads there. I mentioned live conversations with people. It could be simpler and faster. And the marketing budget could be lower.
 

Teo Kennet

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You’d better focus on creating your own website. The number of topics is huge. Want education - no problem. But you should be unique. For example, focus on the psychology of trading, emotional impact, and so on. Tell interesting stories, people love to read that stuff. But you should place ads there. I mentioned live conversations with people. It could be simpler and faster. And the marketing budget could be lower.
to read over a glass of beer and relax ))
 

Nakasa

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Hey guys,
Has someone tried to create an educational website and fill it with appropriate content to get people interested in trading forex on board?
 

Flamemoon

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That might attract a flow of leads. But it depends on the geo you are willing to deal with. I’ve heard that Brazil is booming nowadays. Try also South Africa as there are lots of people interested in learning how to start trading in the Forex market. But again, that’s about dealing with newbies and trying to explain to them very basic details. It’s hard to convince them to trade with a regulated broker, they don’t understand the difference. They see a high leverage, and run to that offer.
 

Groshura

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I’m not quite sure about an educational website, but I would focus on market analysis and trading signals. People on Facebook love trading signals. But if you were able to deliver even an explanation of the reasons why this asset is moving up and that one is moving down, then you should gain popularity, I guess. Besides, you could start charging your clients if you do a proper analysis and good performance in terms of accuracy of signals.
 

Medonos

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I’d better focus on cryptos cause that’s the future. Even if that’s just a bubble (haha), look at the number of people interested in trading cryptos. They don’t know anything about Forex or stuff related to that. But technical analysis works for every asset in the same way. So you can teach them how to read charts or provide simple signals.
 

Saithizar

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I think you can create whatever content and attract leads in any way that you can. But I would focus on talking to leads. Conversation is something that is able to break the ice and increase the conversion rate significantly. Try to get your leads into messengers, group chats, whatever. Talk to them, ask them questions, try to figure out what’s in their interest. That will allow you to know about recent trends, and thus attract more leads in the future.
 

Nakasa

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Thanks for your advice. That’s a great idea about talking to leads in messengers. But tell me one thing. Do HY affiliates allow spreading my referral link in messengers? I thought they only have to visit my website and click on ads there to register.
 

Saithizar

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Sure you can spread the link in messengers. That’s the way I did it when I convinced one big guy to deposit and start trading like crazy with HYCM. We just talked about this and that and suddenly he asked about a broker to trade with. I recommended HYCM to him and sent my link. He gladly used it to register as he did not lose anything, but I managed to gain a portion of his turnover on the RevShare basis.
 

Groshura

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There might be restrictions about using the direct referral link in social media while posting any kind of content. Those limitations might be related to HYCM’s own marketing activity in social media. I had similar conditions with another broker a couple of years ago before I switched to working with HYCM. You may contact your personal affiliate manager and ask him the same question. I’m sure you’ll get a prompt and full response.
 

Nakasa

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Great, I will do so. Besides, having Telegram channels and WhatsApp groups is a good feature for my educational approach. I’m also thinking about TradingView as a specialized network of traders. But I doubt that there are so many newbies for my educational website. We’ll see how it goes.
 

Saithizar

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TradingView is a good service. I use charts as the charting tool is great. Besides, you can post your ideas and forecasts in the specialized social media that is also connected to Twitter. I would recommend you to sign up for the paid account as the network is full of leads. Most of them are interested in trading stocks, but some are keen on trading Forex. Anyway, it’s worth trying.
 

Flamemoon

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You know, I remember the time when I was just at the very initial stage of my partnership with HY affiliates. I had no budget at all, and such social media as TradingView, LinkedIn and Facebook were the only sources of my leads. I had a simple blog and I was just posting some of my trading ideas there, offering signals to traders. It worked out, and I had several traders who deposited with HYCM. The CPA commission plan gave the start for further development of my marketing activity.
 

Nakasa

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Your comments are appreciated, I will work hard to get leads.
What do you guys think about the recent rebound of the equities market? Would it last for a long time? In my opinion, it’s a great chance for an entry.
 

Flamemoon

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Nobody knows how long the retracement of the equity market will last. I think that you could have a try, and go long on major stock indices, however, that would be quite an aggressive move. If you are planning to give such a trading idea to your leads, then you should warn them about the risks. Of course, such steps should be made with a very low portion of the account balance to stay in line with the risk-management rules.
 

Saithizar

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The good news is whatever happens in the markets is good for pitching to potential HYCM clients. The worst thing is complete silence and zero volatility. But if markets are on the move, then we can tell interesting stories about the brilliant opportunities to jump in and start making money in forex trading. As for me, fundamental topics are perfect for making attractive content and call to action. Something like: Now is the best time to start making good money as the equity market offers a very rare chance, and so on.
 
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