Many
people think that the only way to make money from forex trading is by
physically trading the markets yourself. However there are many other ways you
can grab a slice of this profitable market. In fact there are three methods that
immediately spring to mind.
If you are not yet turning a profit from
your trading, then you may want to consider becoming an affiliate marketer and
trying to sell forex-related products to other traders. The benefit of doing
this is that you can earn a percentage from each sale, and this percentage can
be anywhere between 20% and 50% in a lot of cases. So just selling one high end
training course could earn you several hundred dollars.
The forex niche is one of the most
competitive niches on the internet, but there is still room for everyone to
make money. The best approach is to build a presence online either through your
social networking account or via a blog, and then build an email list because
then you can email promotional offers directly to other traders.
If you are making money from your trading,
then there are two additional ways you can make some extra money. They both involve
sharing your expertise. One profitable approach is to sell your signals directly
to other traders. So as soon as you open or close a trade, this information is
relayed to all your subscribers in real time via internet messaging, email or
text message for example. Therefore they can trade the exact same signals as
you do.
You could even make use of automated signal
services if you so wish. Here the trades are placed automatically in each of
your subscribers' accounts as soon as you open or close a trade, so it is even
more beneficial for your subscribers.
The other approach is to share your
expertise by selling your own forex product or running your own training
course. There are lots of people selling their own products online these days
and you can make some big profits, particularly if you approach other marketers
that have big email lists and offer them a sizeable commission from each sale
they generate in return.
So hopefully you can see how much money
there is to be made in the currency trading niche. Admittedly there is more
potential to make money if you are a successful trader yourself, but this isn't
absolutely necessary because you can still make vast sums of money by promoting
other peoples' products as an affiliate.
Source
: http://www.articledashboard.com/Article/3-Different-Ways-To-Earn-Money-In-The-Currency-Trading-Niche/2903372