Q:What is Forex?
Forex, or the Foreign Exchange, is the international market for buying and selling currencies. Forex is the largest financial market in the world, with over 2 trillion dollars traded every day. Millions of traders have begun trading online, and the market continues to grow. Forex traders buy and sell currency pairs, like the USDEUR (dollar and euro). When traders buy/sell these pairs, they are actually buying one currency while selling the other at the same time.
Q:How do people trade Forex?
Previously this market was only opened to banks, hedge funds, multinational corporations and high net worth individuals. Now, anyone with an internet connection can trade Forex, utilizing online brokerages that cater to the retail market.
Q:Why do people trade Forex?
While banks and multinational corporations utilize the Forex market to conduct international business, retail traders attempt to make money from currency movements.
Q:What is a pip?
Pip literally stands for “percentage in point” and it represents the smallest change in price that a currency pair can make, usually 1/100 of a penny. If the EURUSD currency pair is quoted at 1.4345, the fourth numeral after the decimal point—in this case the five—represents one pip.
Q:What is a pip spread?
The pip spread is the difference in pips between the buy (bid) price, and the sell (ask) price of currency pairs, and is the means by which brokerages make money. The pip spread of a currency is expressed like this: EURUSD 1.4343 / 1.4346.
Q:What is leverage?
Leverage is essentially the using of borrowed money for investment. In the Forex market, your account deposit is considered as collateral on borrowed capital. Because there is almost never a shortage of liquidity in the Forex market, brokerages are able to provide high leverages, confident that positions may be closed if necessary to avoid the broker having to suffer any losses. This means that your position will be automatically closed if your margin on a trade falls to a certain, predetermined level.
Leverage can be used by traders to significantly increase potential return on their investments. Usually, traders are able to trade with leverages of 50:1, 100:1, 200:1 or higher. If a trader uses a leverage of 100:1, it means that he/she is able to buy $100,000 of currency on the Foreign Exchange for just $1000. While there is the potential for substantial returns using such a high leverage, the risk is also amplified.
For example, let’s say you want to buy USD/EUR at 1.4342 / 1.4345. You have $5000 in your account and you decide to buy 5 lots (each lot is $100,000). You take your $5,000 and buy a 500,000 USD/EUR position at 1.4345.
Two days later, the USD/EUR is trading at 1.5000/1.5003. You decide to close your position at 1.5000 for a gain of 55 pips. On a 500,000 position, 55 pips make you a profit of $2750. In two days, you made over 50% on your investment.
Now, just as leverage can work for the trader, it can work against the trader. If the dollar had lost 55 pips in the above example, the trader would have lost over half his initial position.
Q:What is FXCASH?
FXCASH is a Forex affiliate program providing affiliates easy and simplified access to numerous Forex related products and services.
Q:What does it mean to be an affiliate?
As an affiliate, you will be able to advertise FXCASH clients and gain revenue from the traffic you refer. If you know potential traders, have a finance related website, a blog or a mailing list of people interested in finance related products, you can become an affiliate and monetize your inventory.
Q:Why should I become an FXCASH affiliate?
Unlike other existing affiliate programs, FXCASH offers you access to a selection of different forex-related products and services—from training schools, to Forex signals, to brokerages—designed to appeal to every type of potential trader.
Best of all, cross promotion among FXCASH clients serves to triangulate traffic in order to maximize your return on investment (ROI).
Bottom line: more interesting, quality products for your community, and a continuous, multi-source revenue stream for you.
Q:What exactly is cross promotion?
FXCASH selects clients based not only on the quality of their product, but on how well they compliment other FXCASH clients. For instance, because brokers are compensated based on the trading activity of their customers, it is in the interest of the brokerage to have profitable traders, who are more likely to trade for a longer period of time. At the same time, Forex training academies need quality brokerages for their students, and signal providers need brokerages to execute their signals. It makes sense for these different clients to work together, which serves not only to provide additional services to their communities, but to maximize their own revenue.
FXCASH simply provides a convenient, centralized means for clients to cross promote, providing the necessary technology and marketing expertise to ensure proper tracking and optimized traffic flow.
Q:How is cross promotion good for me?
Traffic sent to any one of our clients will permanently be tracked to your account. This means that you will receive additional revenue for each and every product your traffic eventually utilizes.
Q:Who is FXCASH?
The FXCASH affiliate team is comprised of affiliate marketing professionals from a variety of industries. Together, the FXCASH team has been responsible for paying out millions of dollars in affiliate commissions annually. Our experience in every major international market provides you with the opportunity to enter the Forex marketing business, regardless of language or location. With FXCASH, you work with reputable professionals that have an in-depth understanding of online marketing.
Q:What is an FXCASH client?
FXCASH provides affiliates different advertising partners chosen for the quality of their service and their ability to complement our other products. At FXCASH, you have the opportunity to promote Forex brokers, training sites and signal providers. We refer to these different advertisers as our client
Q:What is a Forex broker?
A Forex brokerage offers investors the opportunity to trade Forex in exchange for a fee or commission.
Q:What is Forex training?
Forex training sites provide traders Forex trading education. Training programs offer one-on-one mentoring, instructional webinars, and access to immense libraries of Forex-related information and/or live trading sessions.
Q:What are trading signals?
Trading signals are Buy and Sell recommendations, news alerts and market analysis, usually from an independent provider. They typically charge a monthly fee for use of their services.
How can I promote FXCASH products?
Q:There are many ways!
Forex/finance-related websites: Simply incorporate our marketing material onto your site. All traffic generated from our marketing material will be tracked to you.
Search Engine Marketing (SEM): The various search engines provide you a great, easy way to attract targeted Forex traffic. We will be happy to supply you with landing pages, keywords, market data or anything else you need to run a SEM campaign.
Offline advertising: Offline marketing is an important aspect of our business. If you are interested in advertising offline, please contact your account manager to determine which type of campaign would work best for you.
Direct Marketing: Send your finance-related mailing list information about FXCASH products, with the ability to offer exclusive promotions!
Sub-affiliates: Have a friend with a website? Refer him to FXCASH, and earn a percentage of what he earns!
Q:What is a sub-affiliate?
Referring affiliates to the FXCASH affiliate program entitles you to a percentage of the net revenue they generate! The affiliates you refer are known as your “sub-affiliates”.
Q:What do I use to promote FXCASH clients?
FXCASH will provide you with extensive marketing tools located within the FXCASH affiliate program to help you promoted our clients. These marketing tools have been produced and tested by online marketing experts.
Are there any costs related to signing-up?
Signing up is completely free.
Q:Who should I contact at FXCASH with my questions?
After you sign up, you will be assigned a personal account manager who will assist you in determining the most efficient way to turn your traffic into profit. Your account manager acts as your counterpart at FXCASH, responsible for handling all aspects of your account and addressing all your needs. We have account manager who speak English, French, Italian, Hebrew and Russian.
Q:How do I access your support service?
Write to firstname.lastname@example.org and a member of our support staff will get back to you within 1 business day. Of course, all support questions should be directed to your account manager after we begin working together.
Q:Do I need to open an account for each one of my websites?
No. Our affiliate program enables you to generate different codes from within your account for each particular website.
Q:Where can I find materials to promote FXCASH clients?
After logging in to the FXCASH website, select "Tools" from the menu bar and follow the prompts to the specific marketing material you are looking for. If there is something you want but can't find, contact your account manager directly.
Q:What is CPA?
CPA stands for cost per acquisition. When working on a CPA arrangement, you will be compensated for each client you send that makes a deposit or purchase a service
Q:What is CPL?
CPL stands for cost per lead. When working on a CPL arrangement, you will be compensated for each unique client that fills out a FREE registration form.
Q:What is revenue share?
Revenue share offers affiliates a lifetime share of the revenue generated by traffic sent to the different services.
Q:How do signal providers generate revenue?
Signal providers generally charge a monthly fee for their service.
Q:What type of deals can I get working with an FXCASH signal provider?
Affiliates earn a lifetime percentage of the revenue generated by each client sent to our signal providers.
Q:How do Training sites generate revenue?
Training sites charge either a one-time fee for products or a periodical subscription fee.
Q:What type of deals can I get working with an FXCASH training site?
It depends on the way the training site charges clients. For training sites charging a one-time fee, affiliates work on a CPA arrangement. For subscription-based training sites, affiliates earn a percentage of the lifetime revenue generated.
Q:What type of deals can I get working with an FXCASH broker?
Our affiliates may chose between CPA, CPL, revenue share or a hybrid of the 3.
Q:How do Forex brokers generate revenue?
Broker compensation is included in the pip spread, which is factored in to every trade made by traders. Pip spreads are generally 3/100 of a penny for every dollar traded. While this is a very small amount of money, it adds up when trading large positions. For instance, when buying/selling a position of $100,000 (a position which, as explained above, costs the trader only $500-$1000) the broker compensation on a 3 pip spread is $30. Serious traders often buy and sell multiple lots a day.
Forex traders do not actually invest the entire $100,000 if they buy or sell a lot. Instead, they must put down only a small percentage of the lot—usually 1-2%, and sometimes as low as .5%—and the brokerage lends the trader the rest of the money. For example, if a trader uses a 1% margin, he must put up only $1000 to buy $100,000 on the market—1/100 of the position. This concept is also referred to as leverage. In the above example, the trader is using a leverage of 100:1.
Q:Is there an option to negotiate different types of deals?
Every quarter affiliate accounts are reviewed. Based on the results, affiliate managers are able to offer special revenue schemes to eligible affiliates.
Q:What is "net revenue"?
Net revenue is the total income generated from clients.
Q:How are payments processed?
Statements are sent to affiliates via email within the first three business days of the month. Upon reception of the statement, affiliates have 72 hours to notify their account manager concerning any payment issues. If no contact is made, FXCASH assumes the affiliate acceptance the statement, and processes the payment as shown. Payment is made over the course of the following week.
Is there a minimum amount that I need to earn in order to receive my commission?
$250 is the minimum amount FXCASH will pay affiliates per month. Affiliate balances with less than $250 outstanding will be withheld until such time as the balance exceeds $250 at the end of the month
Q:What are the processing fees associated with my commission payments?
There is a $30 wire transfer fee.
Q:How safe is my information with FXCASH?
Our software uses 128-bit secure socket layer (SSL) digital encryption to protect the details of your credit card transactions over the Internet. This is the Internet security standard for online transactions as demanded by major financial institutions.
Q:Where can I update my contact information?
You may update all contact information from the “Account info” tab located on the main menu after you login to the site.
Q:How can I be sure that my traffic is properly tracked?
FXCASH’s affiliate software is licensed from DirectTrack, a subsidiary of Digital River, a publicly traded company (NASDAQ: DRIV). FXCASH chose to work with DirectTrack because of its unimpeachable integrity and the superior quality of its product. DirectTrack has perfected its technology over the last 10 years, based on industry advancement and client recommendation. With DirectTrack, you can be comfortable knowing that the traffic you send is will be tracked by the best in the industry.
Q:How do I know how much money I'm making?
We provide online statistics for you 24 hours a day. Log in with your username and password to our secure affiliate stats page to see how much you’ve earned along with other relevant stats.
Q:What information is displayed on my stats page?
FXCASH displays very detailed reporting for affiliates in real time.. You will be able to view the exact number of impressions, clicks, downloads, signups of demo and real accounts, and of course, your share of the profit. You can view stats according to specific time frames, by service, by campaign or by creatives. These stats will enable you to judge whether or not certain marketing strategies and campaigns work for you.