Forex Membership Websites
Forex Membership Websites
The 3 Most Common Types of Forex Membership Websites and Why Each is Successful
Forex is a popular topic among veteran traders alike. It is a market in which participants buy, sell, and exchange currencies of all types. Currently, the forex market is considered to be the largest financial market in the world and it processes trillions of dollars’ worth of transactions every day. While large banks are still considered to be the largest traders, the decentralized nature has made it extremely popular among day traders as well. With so much action, it shouldn’t be surprising to discover there are a growing number of successful forex membership sites. The most successful forex membership websites can be broken down into three basic categories which are all profitable in different ways.
Direct Forex Training
The most obvious type of forex membership site is the direct training website. These membership sites range from introduction courses to very advanced forex training. A majority of the training involved specific trading strategies and how to use the best forex tools to successful day trade currencies such as scalping, position trading, swing trading, and news trading. Some forex membership sites are successful simply by providing more fundamental training in a way that is easier for new traders to digest in comparison to just reading blog posts. The added level of organization simplifies their learning process.
On the other end of the spectrum are forex training membership websites that are focused on providingvery detailed, advanced trading strategies and how to implement them. Both of these types of membership sites are not successful, necessary, because of their content but rather how the content is organized and presented.
Daily Forex Tips or Forex Trade Alerts
The second common type of forex membership website is the daily forex tips or trade alerts site. In most costs, the membership site is more of a live-alert or newsletter style membership site. For active trading strategies, such as scalping, the trade alerts may be sent via text or push notification. This type of membership site is successful because it provides up-to- the-minute information regarding forex markets. At the same time, it is important that only serious webmasters attempt this type of website because it will require a significant amount of time every day to provide real time alerts. Plus, since the alerts may be based on certain trading strategies, the membership base may be more limited – although more loyal.
Affiliate or Secondary Product-Based Membership Sites
The final type of successful forex membership site is the affiliate or secondary-product membership site. This type of membership site often features a free membership tier. In fact, sometimes the only membership tier available is free. This gets consumers engaged with the website while minimizing their purchasing resistance. These types of membership sites rely on other secondary products or affiliate product promotion in order to generate income. The benefit of this type of membership site is it will be more evergreen the other two options. Plus, many affiliate offers within the forex world offer recurring income even though the membership site itself does not charge recurring membership fees.