AI Hub 21 October 2023 What Is the Pathway to Becoming an Efficacious Forex Affiliate? A Forex affiliate is an individual or company that has an agreement with a Forex broker to refer customers to them in exchange for commissions. The affiliate typically receives compensation when the referred customer opens an account and begins trading. In addition, some affiliates receive additional payments based on the performance of the referred customers’ accounts. Becoming a successful forex affiliate requires knowledge of both the forex market and marketing strategies. To become efficacious, one must first understand how forex works and be familiar with technical analysis tools such as charting, trend lines, support/resistance levels, etc. Additionally, one must have a good understanding of macroeconomic conditions across the world to provide informed predictions and guidance to customers so they can make long-term gains from their investments. The next step is...
