How to make money as a Forex affiliate

First of all Yes that is possible. And here is my story:

I remember those days when I was learning Forex Trading but every time when I was trying new strategy I was losing my money again and again. There is no good or bad Forex strategy. The main problem why strategy stop working is because market condition changes and instant of getting profits you are start losing your trading balance.

So after doing constant experiments with trading strategies I have created strategy called: Profitable Forex with Risk Control. The main idea here is:

Trader do not care where market goes up or down you are getting small portion of profit. It’s hard to explain so this why I have recorded video tutorial and uploaded it to Udemy. So if you are interested in details how it works you can visit their website and learn more about it.

But even my strategy what I have created can lose your trading balance if you will ignore money management. Just count how much 1 pips will cost you and how much money you need when you are increasing lot size or opening one more position. For my self I have created Excel sheet with such calculations:

Every time when I want to open one more trade I keep in front of my eyes this list with calculations.. I see how big risk will be involved for my deposit and potential profit what I can get. I also recommend to calculate your maximum total position size what you are ready to open. For example:

My Trading deposit not so big and I have calculated that 0.5 lot it’s maximum what I can open. But it does not mean that I should open such trade by using 1 order. I usually split 0.5 lot to ~20–30 orders and open every order at better price until reach 0.5 lot.

So you can use such trading strategy together with affiliate program if your broker has one.

Even if you will close all trades without profit you will get good income from affiliate commission. By using this strategy you can close all trades without lose it’s 100%. If you will have 5 000 euro deposit you can easily make 300–500 euro in affiliate commission.

Hope this helps!

My Forex Success Story after 10 years

I started when I was 18 years old. Without any knowledge I made 20k from 5k USD.. But guess what I lost all when started increasing position when price goes against me. So huge trend killed my deposit.

Then I started to learn technical and fundamental analysis. I have all this education but I keep losing even more.. I always asking myself same question: “What the hell is happening…How I can lose again and again If I already got this skills…”

I was searching every day for profitable strategy, readying forums… All this strategies where working on period of time. And I was losing again and again.

So 5 years passed…

After that I created my own strategy where I do not care on market situation… means if price goes up or down I always stay in profit. But it’s losing on big trends.

This strategy is super powerful.. Even with small starting balance I was able to make tons of money. For example my starting balance was $1000 and in 1 month I made $30 000. But I was not able to control risks and in results I keep losing all profit. But at least I was able to stop my self in order to not lose my starting balance… So I was generating huge profits but I was not able to save it.

Guess what idea I created: I know that I can create volume of trades but in results I will always lose… and broker always receive commission from my trades so I joined affiliate program in order to get part of brokers commission..

So next 2 years I was trading like this: I was trying to make more money from small starting balance, my deposit growing till $10–$30k and results was same..losing profit BUT:) getting around $800 back in affiliate commission.

When I spend 8 years in trading something changes in my mind.. I thing I become older :) I stopped trading to aggressively and focused on long term..

Thing what was always killing my deposit was: a wish to make more money.. and this why I was using to much leverage, opening big lot size… And when you have big lot size or huge position already - when all goes against you - then trader not able to control his emotions.. that makes situation even worse.

Now I make 10% per month in average or 100–120% per year. Everything is stable and Forex trading for me it’s something usual.. same as car driving.

Advise what I can give after spending 10 years of my live in Forex trading: First thing what you should learn is Money Management and Risk control. After that create own trading strategy. Always follow Money Management and your system. Every trade what you open - you should able to explain your self - why you open this trade at this price. Be constant and remove emotions in trading. If not able to handle with emotions - trade with minimum lot to practice.

I hope this story will help to someone. Also posted on Quora

Profitable Forex with Risk Control

How I get Profit on Forex Without Predicting The Market

Money Management is key to profitable trading in Forex.

Special for this course I have open Live Trading account. Starting deposing was only 100 euro. At this time if I will close all positions my balance will be 3000 euro. As you can see it is possible to start trading on Forex even if your deposit is to small.

Please Note: All Udemy students who enrolled to my Forex trading course are able to see my Forex trading live account stats. Usually I post updates of my account equity change 1-2 times per month.   

My experience in Forex trading: 10+ years. I have tested many strategies, schemes... And what I have learned:

Even the best strategy in the world won’t be of much help if you don’t take care about:

1. Your risk per trade
2. Reward-to-risk ratios
3. Don’t use stop-loss orders
4. Trade too aggressively.

So in this course I will explain Money Management That Actually Works in Forex!   

If you are losing money on Forex and continue to search profitable strategy then STOP! And ask your self just one question:

How brokers are making money? They do not care if you close order in profit or if you will lose - they will be always in profit because they take commission from every order you and others traders open.

So for me this words was a key to create profitable strategy. It works simple and can be used in long term trading or if you are intraday trader you can use that as well. Strategy is good for day trading and for long term investments.

As well if you are interested in algorithmic trading you can use your skills or hire someone to create Forex robot what will use my strategy to automate trading.

Course can be dividend on 2 parts: First I provide theory information by using slides, explain how everything works here. And second part I demonstrate my trading activity in real time.

Before you will start trading:

Who this course is for:

• People who wants to get into Forex Trading
• Anyone who is looking for PROOF that Forex Trading can actually earn you money
• People who wants to brush up on their Forex knowledge and fill in the missing gaps
• Anyone who want to become day trader or Long terms trader