forex.earninternet.com presents Forex Affiliate Conference

White, Grey, Black Hat Forex Affiliate Marketing

I discovered an interesting thread were an affiliate manager expressed concern about a presentation that was basically an affiliate bashing session.

The site was recommended to me as a great resource for affiliate marketing and for research for my presentation next week at a Forex Affiliate Conference. Here is the post I made in response to that thread.

It’s unfortunate that such a presentation to place. First I can understand the problem and issues that affiliates, and affiliate managers have. The simple fact of the matter is that ever since marketing took off on the Internet in about 1994 there has been white hat, gray hat, and black hat marketing tactics. Affiliate marketing very quickly became the lead form of marketing on the Internet. A more balanced presentation however would have benefited all as opposed to just slamming affiliate marketing in general. What should have been pointed out is that when company has product that they are promoting, and putting out it out to an affiliate marketing program than they are in fact in competition with their affiliates. They need to understand and accept this. They have every right to cancel or terminate any account that violates their TOS or takes part in black Marketing (illegal activites as in spam, copywrite vilotation and such), however to penalize EFFECTIVE marketing makes no sense.

However if I as an affiliate am doing guerrilla marketing, as in gray hat, not violating their TOS, not doing anything illegal but basically doing more effective marketing then they are then they should be happy. Instead some resent the fact that I’m better at marketing their product then them and figure I am taking away direct sales.

So you see there are two sides to this coin. I have had companies and affiliate managers in the past try very hard to figure out what my marketing techniques were. I unfortunately had to start covering my tracks because in the past companies took my marketing efforts and implemented themselves bypassing me and sometimes passing on strategies to their other affiliates.

Ever since marketing took off on the Internet one of the biggest challenges has been dealing with fraud and black Marketing of affiliates, and affiliates having to deal with the fraud in reporting and the theft of their traffic by producers.

So the simple fact the matter is both parties to be aware of underhanded operations and protect themselves against that.

I took part in affiliate marketing back in 1995 then later developed my own product and opened it up to affiliate marketers. This resulted in huge success and I retired in 1999. I assure you one of my biggest tasks as an affiliate, then as a business owner utilizing affiliates was fraud detection.

After being away from doing business on the Internet for several years I decided earlier this year to investigate the opportunities and new ways of doing business and intend to play with it on a part-time basis. What I’ve discovered over last four or five months is that nothing has changed, yet everything has changed. That is to say the same strategies will work however the tactics are different.

I came across abestweb about a month ago however I could not post as my IP was being blocked. I think it may have been due to the fact that I live in Mexico, I’m not sure. However e-mail seems to have resolved that situation. The reason I mention this was I was told that this was a great source for the research that I needed to do in this thread provided some great insight.

I will be speaking at forexaffiliateconference.com next week in Vegas and ofter an open invitation to anyone wants to hook up.

Barry Zolten
forex.earninternet.com

UPDATE — My post has been removed and I am banned at abestweb. It seems you are not allowed to put URLs in your posts. Now talk about retarded. Well I will not be putting any input there, will just USE any info posted there.

This posted FIRST at forex.earninternet.com That for the bots that steal posts.

One might ask if you are an affiliate marketer promoting forex products what are some of the products? Well automated forex trading systems are very popular. How many people are looking for an effortless method of making money? Ya right, just about everybody. As we’re talking here about how to promote affiliate products here’s an example. Create a blog and make a post about the product. See below. Then modified it somewhat and post it to about 20 or 30 article directories, more about that in a later post.

This is basically what I’ll be submitting to the article directories shortly.

4 reasons to consider Auto Forex trading systems

Forex auto trading systems have become very popular for both beginners and intermediate traders. Many claim auto trading systems will produce better results than any sole human can achieve. Let’s address four key critical areas where a Forex auto trading system helps a trader to better profits.

1. Complex technical analysis is handled by software.

2. Human emotions are removed from the equation.

3. Can trade anytime.

4. One can back test, and forward test on a free account.

Technical analysis is used extensively for forex trading. There are a vast number of indicators, many of them involving complex mathematical calculations. More importantly a good system never relies on a single technical indicator but involves several and how they relate to one another. A good Forex trading system uses a computer to analyze these different technical indicators and issue buy and sell signals based on probability of past correlation of these indicators. This is critical as experienced traders often spend hundreds of hours and thousands of dollars learning different technical indicators and how they relate to one another. We all know computers are great at number crunching and detecting patterns. A good Forex auto trading system uses this huge advantage to benefit the trader.

Any experienced trader will tell you the biggest obstacle any trader will have regards successful trading is their emotions. A good trader must master their emotions and this can take several years. An automated system removes the element of emotions, all one does is let the system do the trades. Fear has prevented many traders from entering a position when the technical indicators are positive. More importantly greed has often turned huge gains into losses, just ask any trader. I can′t stress enough that human emotions are a Forex trader’s worst enemy. When you have a trading system that you know works over time you just let it run its course.

Forex trading occurs around the clock Monday to Friday. There are systems that run on autopilot, they attach to your trading software and execute trades without your intervention. Institutions, banks, and large broker houses have done this for years. The main reasons are for the two items mentioned above. Consider if you live in New York and you are trading the US/Euro a very active timeframe for trading is during the European business hours, that would be like 1AM to 4AM your time. So why not sleep and let an automated forex trading system do the trades for you. And let’s not forget when the Japanese traders are active during their normal business hours.

I mentioned being able to do back testing and forward free testing on a forex trading system. If I am to purchase a trading system I want to be able to do a risk-free test of the system. Some systems will give you the exact details of their signals and you can then actually go back in time to the charts and see how effective they were. Also many forex trading systems will provide you with historical records but keep in mind there are other factors and you may be observing ideal situations. As almost every forex broker
will provide a demo account you can actually test a system for free using a demo account. This is a MUST. I would never test a trading system with real money.

Forex trading, and Forex trading systems are becoming very popular today mainly because you no longer need $100,000 to open account, in fact you can open account with some brokers with with as little as $100. Also in the past the systems have been cost prohibitive so only large institutions used them. Forex has always offered huge leverage like 200:1 and for this reason has been very popular. You are hearing more about it today because almost anyone can get started for the very little money.

Barry Z is a retired Internet Marketer living in Mexico who coaches entrepreneurs in his spare time. He will be speaking at the 1st Forex Affiliate Business Conference in Las Vegas 25-26th July 2008. For more information on Forex Auto Pilot Trading Systems.