Professional Trader looking to horizontally scale my works

[yfam]

Hi everyone,

I have been reluctant to post on these types of forums as I am well aware of the reputation the forex/crypto/signals trading industry has for its abundance of spruikers trying to push their Holy Grails. Having worked in the industry for over 20 years, initially in the institutional side of trading, currently in the retail area, I have seen it all.
I am in the development/risk/research area and have been trading successfully for several years and have featured in the top rankings on most of the legitimate ranking sites. I would now like to focus on marketing and distribution of my works to a larger audience. I was previously providing and enabling Introducing Brokers/Affiliates at several larger retail forex brokers to acquire and provide quality trading to their clients, and am now looking at becoming one myself. There are many services that can be provided to clients from training, signals, indicator software, mentoring, discounts on trading costs, etc. I am very interested in getting some feedback from you guys as to what you recommend my next steps being. Thanks for having a great forum

 

[T J Tutor]

Are you seeking to be a broker, or are you seeking to be a trainer?

 

[yfam]

Hi, I'm looking to be an Introducing Broker or Affiliate, to refer clients to brokers and assist them with their trading moving forward.
Having worked for a large broker previously I have seen the range of services that they offer to incentivize clients to use that particular broker. Obviously the more reputable, visible the broker, the more their onboarding comes from organic signups but it is highly competitive amongst them. If you can offer high quality mentorship, training services, trading signals, software and can be their "internal" representative, to expedite queries and issues, etc, it can be the decider between whether they will choose one over the other. I can provide all the above as well as set up Telegram/Discord channels to provide support/advice,etc (my background is software/IT). I already have good relationships with some brokers so can work closely with them. One of the complexities of providing these types of services is to remain compliant with the financial regulations so brokers need to be comfortable in their IBs integrity and ability to adhere to these regulatory requirements. With Affiliates it is more lax as they are not engaged with the clients on an ongoing basis, which is the role of an IB who wants to maintain a long-term relationship with their onboardees. The Renumeration is based on the volume of trading they transact into the future, so you want to provide the assistance they need to maintain longevity of trading. It's notoriously short for the average, ill-equipped retail FX trader.

 

[yfam]

Are you seeking to be a broker, or are you seeking to be a trainer?

PS, I'm also very interested in being a trainer, but this is normally tethered to a particular broker. I am able to provide the training, or train the trainers and provide them with my software tools, strategies, etc. Unlike the vast bulk of forex trainers in the industry I have a "verifiable" track record with a long-term presence on the trading leaderboards, so have the social proofs many of them lack. I am also an academic researcher so am very familiar with the process of communicating knowledge and all the artifacts associated with it.

 

[T J Tutor]

I can't speak to your broker desires, but as for training it is best to have a training portal setup and then recruit a couple of dozen "ALPHA" students to use the training course for free to gather the details of their individual experiences and then integrating the necessary upgrades and corrections before any form of roll out or BETA roll out. This is how it generally done in our industry and most others with online training.

 

[azgold]

Hello, @yfam and welcome to AffiliateFix!

 

[Graybeard]

Toto, I don't think we are in Kansas anymore ...

 

[Graybeard]

thank you for the AI `In Conclusion` bullshit
you are no threat to the market.
it's so fkn easy to be an expert in FOREX with AI

 

[yfam]

thank you for the AI `In Conclusion` bullshit
you are no threat to the market.
it's so fkn easy to be an expert in FOREX with AI

No idea what you are talking about! Where's the AI? It's a cut and paste of a website explaining the affiliate relationship with the forex industry. I see from other previous posts that you seem to have a resentment to anything forex. Had a bad punt eh?

I don't use AI in forex, it's mainly used as a gimmick keyword by people who don't know any better and just want clicks.
Do you even know what AI stands for? It's so easy to be an expert in things you don't understand.
Google "Mount Stupid"

 

[Graybeard]

You are a bad joke buddy.

 

[yfam]

Again, please explain what on earth you are on about?
Have you nothing better to do than critique genuine posts?

Not getting the attention you seem to crave? Try posting something intelligent and useful, like the other moderator of this group has done.

Tactless criticism is a poor substitute for wisdom.

 

[T J Tutor]

Again, please explain what on earth you are on about?

No worries, he gets cranky sometimes.

 

[Graybeard]

Not cranky not buying his bullshit.
If he was any good at real FOREX speculating he would not even be here.

 

[T J Tutor]

Not cranky not buying his bullshit.

.........and that makes you cranky! Isn't also called getting cranky over bullshit?

 

[yfam]

Wow

Not cranky not buying his bullshit.
If he was any good at real FOREX speculating he would not even be here.

Wow!, what an ignorant statement!
You have just proved my point about people making broad assumptions based on their OWN experiences.

If you had read the post in its entirety you would have seen my statement about having VERIFIABLE track records. As you clearly have less than zero knowledge about the forex industry you would not be aware that to screen out all the pretenders and fakes, there are independent 3rd party entities that vet the live track records of traders.
This is my differentiator.
Regarding the ill informed statememt often made by people like yourself as to why someone would need to market something if they could just survive off their own trading, you clearly aren't aware that traders exponentiate their earnings by managing other accounts or offering the ability to mirror their trading, thus generating a parallel revenue stream through broker rebates.

I wouldn't have subscribers if they didn't have profitable trading. That's the whole purpose of this initiative.

 

[yfam]

No worries, he gets cranky sometimes.

Hi, my apologies for stooping to his level of bluntness, but you can perhaps see an example of what I said I was up against in terms of push back from people who immediately lump you in with the fakes and the lambo-driving influencers. (I have a cheap, fuel efficient car)
All the more bizarre since I'm not trying to onboard him or sell him anything, I already have my subscriber base. Am simply here to learn how to create a structure to monetize my current base and leverage the assistance provided by various brokers to attract and convert new onboardees.

 

[T J Tutor]

any good at real FOREX speculating

Is anyone truly gifted in that regard? YES, there are some. One of my sweethearts fathers, back in the '80's, was a currency trader. He was extremely successful and a BIG player. I learned from him back then that currency trading was like everything else, 95% full of "wannabe's" and 5% real players. He was also the one that taught me when and where to use derivatives, which have saved my ass on many occasions since!

I have no love for FOREX as it plays out today with everyone thinking they can make it as a real player. However, I still do an occasional currency trade as well as I still employee derivatives when I suspect a forecast to accurately depict a major adjustment on the horizon.

You know me, I prefer my metals above most everything these days, but I still play in a few other pools just for kicks and the occasional diversion of diversity.

PS: and I still have a "bug out bag" and plan like you!

 

[yfam]

Definitely would have been a fantastic life being a currency trader for a bank in the old days before it effectively became an internet game for the masses. Have also heard the stories of marathon "business" lunches and rare red wines being guzzled by the case. The average lifespan of a client nowadays is circa 21 days, but there is an increasing percentage of people making good returns over several years (were talking less than 3%). Probably down to the copytrading/social trading phenomena. The real killer is the leverage brokers provide 500-1000:1. Is literally a casino that will eventually win it all back. I also enjoy derivatives and options, particularly commodities but forex really is like a global thermometer. Currently watching the USDSGD go through the floor. Might be a big "Dead-Cat Bounce" if one is patient enough to wait for it to rebound, and not enter long too soon. It seems to want to test the previous pivot low of 1.31577. There's going to be a lot of traders going through the full spectrum of emotions when they wake up and check their accounts, deciding to stick with unleveraged stocks and shares

 

[yfam]

Been plugging away at the Affiliate game, acquired about 350 subscribers, solely by getting ranked on the forex performance leaderboard. Unfortunately it is very challenging self promoting without this proof (we average 20-40% per month) as the industry is swamped by glitzy marketing professionals making vacuous claims without any proof. The few that are credible money managers without marketing budgets have to deal with the negativity of laymen like the Gray guy, who through poor judgement and lack of financial analysis skills have been scarred by their experiences, and regard every signal provider with contempt because of their failures in this endeavor.

My question is, where can one find skilled Affiliates from the forex broker trading space that aren't recent entrants who have just discovered that crypto/forex marketing is far more profitable than pumping gaming/adult products, etc, and are genuinely skilled in the financial markets? There is a forex convention in Florida but this seems to also inundated with newbie forex/crypto marketing 'experts' jumping on the band wagon.