As forex becomes an even more popular, traders are looking for innovative methods in which to make money. Mill Trade has three alternative methods traders should consider
Forex grows more popular every year, and it’s no wonder given that the international foreign exchange market offers almost unlimited opportunities for making income. The forex industry evolves all the time, with new services constantly emerging, allowing traders to make money with minimum funds, knowledge or effort.
The traditional method of earning in forex is independent trading. The advantage of this is that a trader determines his own ratio of profit and risk; he is free to make his own decisions and tactics. However, trading requires effort, time, experience and deep knowledge, meaning that not everyone succeeds in forex. This is why alternative ways of making money in the global currency market are proliferating. These are, for example: investment into professional traders, participation in trader contests with cash prizes, or affiliate programmes offered by dealing centres. So, what are the features of each of these methods? And what are their benefits and prospects?
Start-up capital: not required
Profit: monthly, growing
For those who want to trade independently, but have insufficient experience, there are special trader contests initiated by forex companies. Newcomers here do not have to risk their own funds for a chance to make a profit in forex. Dealing centre Mill Trade – founded in 2013 by a team of professional traders – offers several types of contests at once. These are free of charge and differ only in the duration and the money reward.
The essence of these contests is that the participants must show the best trading results within a certain period – a day, week or month. After the registration, all participants receive an equal amount of money and their goal is to make the highest profit. The winners of the contests are then rewarded.
In the daily FOREX-sprint contest hosted by Mill Trade, the winners of places 1-10 receive a cash bonus from $15 to $300, and the winners of the FOREX-marathon monthly contest earn bonuses from $100 to $2,500. These accruals can be used in live forex trading, in addition to the major deposit. Also, in the Mill-start contests you can earn real money – the winners receive from 20 to 500 real dollars. These funds can be withdrawn or used in forex trading as a usual deposit.
Forex experts believe that contests like these are beneficial for traders because participation allows them to acquire the necessary experience in currency trading without damaging their pocket.
Knowledge of forex: not required
Effort: not required
Start-up capital: depends on the programme
Profit-making in forex without independent trading has been possible for a long time already, thanks to asset management. This service, however, is only available to those who can afford large amounts of money (tens of thousands of dollars) – so it seems natural that this service is not widely spread. But recently the most progressive dealing centres have begun to offer an entirely new service: forex investment affordable to almost anyone. The reliability and returns can be quite high thanks to the innovations the forex companies make.
The Mill Trade dealing centre offers an effective investment scheme: an investor’s money is multiplied not by one trader but by a whole team of experts. This eliminates almost all the risks.
A unique feature of the Mill Trade’s investment offers is also about the customers being able to choose their own way of multiplying their own money. For example, the Golden 7 investment programme offers an investment with potentially high yields, and a minimal deposit of $300. Statistics show that returns under this programme can be higher than 10 percent per month.
The company cooperates with seven traders from different countries, whose experience and expertise are beyond any doubt. These experts trade in forex and send their trading signals to a team of traders at Mill Trade, who are also top-level professionals in the forex market. The latter perform transactions on the basis of the signals they receive, thus bringing the investors a handsome monthly profit. Investors themselves do not have to put any effort in here.
Knowledge of forex: minimal
Start-up capital: not required
Profit: monthly, growing
There is one more way of money making in forex: affiliate programmes offered by dealing centres. An affiliate programme is a form of business cooperation between a forex-company and its affiliate, who receives a money reward from this company for attracting new customers via referral links.
An important advantage of affiliate programmes is that they offer not only some extra money to earn but also an opportunity to realise one’s potential as an entrepreneur, and set up a business using a ready-made model. Other advantages are:
- You do not need start-up capital. The company provides an affiliate with all the necessary materials to attract customers (for example: information about the company, banners, referral links) completely free of charge. All you need to do is register as an affiliate.
- You do not have to possess your own website. You may attract customers via blogs, forums, social networks and by means of socialising and personal communication, which means that almost anyone can become an affiliate of a dealing centre.
- Minimal forex knowledge is sufficient to partake. In order to attract a customer into a dealing centre, you do not have to be financially education, an experience trader nor an investor.
- Taking part requires minimum effort in the first stages. Later, when the affiliate introduces enough active customers, they can receive income already without spending time or applying any effort.
- The income is unlimited. The affiliate’s profit depends solely on his desire to earn or his ambition.
At present, one of the most popular affiliate programmes in forex is that offered by Mill Trade. It is convenient, simple, transparent, and offers large opportunities for profit making. Recently the dealing centre became a winner of the prestigious Forex Report awards for Best Affiliate Programme 2014.
Mill Trade’s affiliate programme offers several options of making an income: the Spread programme, the Seven to Everyone programme and the Two-Level Collaboration model.
The Spread programme involves attraction of new traders – clients who will trade forex independently. The affiliate receives 12 percent of the spread from each trade the attracted customer conducts with Mill Trade. Let’s suppose a customer makes 110 trade deals with the AUD/USD pair for a total of 220 lots. The spread for this pair is 2 points, which means that the affiliate’s income is made up of: 220 lots x 2 points x $10 x 12 percent = $528.
Seven to Everyone is an affiliate programme to attract investors into the Golden 7 equivalent. This invest project is highly popular, so it is not difficult to attract customers into it. An affiliate receives seven percent reward of the profit of each investor he introduces.
Besides, an affiliate can introduce not only the customers but also other affiliates, taking part in the Two-Level Collaboration model programme. For introducing over three active affiliates, the reward is one percent of their income; for introducing over seven affiliates, the reward grows to two percent, and for over 12 affiliates the remuneration amounts to three percent.
You may work under three programmes simultaneously. This way an affiliate can build up an efficient network of affiliates and customers, which will ensure a regular passive income with no efforts or investments.
Mill Trade affiliates receive not only a large selection of high promotional materials, but also automatic payouts and access to the statistics of clicks on the referral links, as well as personal assistance of a company manager. The dealing centre employees will happily share their advice on how to promote Mill Trade’s services effectively.
So, today, the large number of innovation offers and services allows anyone to make money in the forex market. If you prefer to be totally independent and receive a maximum profit, you may choose trading. If you wish to learn to trade forex without start-up capital, it is worth paying attention to trader contests.
For those who prefer a monthly profit with minimal risks, an investment programme will be the best. And as for the people who wish to set up a business from scratch and receive a stable income with no risks or efforts, collaboration under an affiliate programme will be perfect.
To ensure your success, it is best to choose reliable and promising forex companies, like Mill Trade. This dealing centre offers all the four methods of money making in forex and guarantees the highest quality services and support for each of their customers.
Mill Trade recently won the award for Best Affiliate Programme, 2014