GPWA Times Magazine - Issue 16 - May 2011

So what is forex? First off, it’s a TRILLION-dollar global marketplace that is doubling or tripling every month... The foreign exchange market (forex, FX or currency market) is a worldwide, de- centralized, over-the-counter financial market for the trading of currencies. Fi- nancial centers around theworld function as anchors for trading between a wide range of different types of buyers and sellers around the clock, with the excep- tion of weekends. The foreign exchange market determines the relative values of different currencies. In the past you were limited to dealing with a commissioned stockbroker or agent. The forex market allows YOU to be the broker. Some refer to this role as that of a day trader or a penny stock broker. The individual gets educated on market indicators such as employment/unemployment reports or other relative information and makes an investment in currencies, FTSE or DOW gains or losses, or even gold and silver price/value variances. One of the major reasons I see this as the emerging market for affiliates is the social and viral opportunities that most affili- ates have mastered in the gaming sector. Because this is a fairly unknown market among affiliates and the majority of the online world, it provides unique opportu- nities for someone working from a social networking standpoint. The average inves- tor, the affiliate and the superaffiliate all have a place in the forex market. Trading, training and forex investing techniques/ tools all become hugely sought after, and their viral opportunities are endless. I can say that several years ago, after the Affilicon conference in Israel, I was ap- proached by multiple investors looking to get into the organic and paid search forex market. I had heard of it and had seen various companies at affiliate and gaming events but never paid it any at- tention. After meeting these potential SEO clients I actually entered the mar- ket as a punter to give it a go. At the very least, I would be learning the ins and outs. Initially I opened practice ac- counts and was marginally successful, which made me do the necessary re- search to make smart decisions while investing in a real-money account. In my first month of trading I achieved the 27th position out of the top 100 traders on a major site and made over $2,300. The second month I lost about $1,100. The next month I made up what I lost “ Less than 5 percent of the global audience is aware of what the forex market is, or how it works. ” Making the case for forex