Why Now Is A Better Time Than Ever To Become A Forex Partner
BY Chris Andreou
|January 27, 2021The 365 days known collectively as last year are finally behind us. It was a bad year for some, a good year for others and a great year for TIOmarkets partners.
That’s right, great! Because as stocks plunged and then surged, oil sank to negative prices, and currencies clashed amid Brexit and the US-China trade war, more people than ever before became aware of the potential to make money when all hell breaks loose.
And for every single trade and every single transaction, our affiliates and IBs pocketed well-earned rebates and grew their bank balance and business along with us.
The Market Is Ready
To hundreds of millions around the world, the opportunity of online trading has never been more tantalising. The idea that the huge market moves we hear about every day can be capitalised on at the tap of a button has resonated and reached audiences that marketing alone would never have reached.
The chart below shows us that in April and May of 2020, searches for “how to make money online” reached their highest points since 2013. The biggest opportunity for forex partners in 7 years.
In the same period, searches for “trade forex” reached an all-time high.
The interest has been sustained, and is now on the rise once again as the spread of covid-19 continues at a vicious pace, despite the roll-out of vaccine programmes globally.
Millions of people are asking themselves, “how can I turn this crisis into an opportunity?”. As a forex partner you can offer an answer, and in doing so, turn the crisis of the century into the opportunity of a lifetime.
Why Forex, Why Now?
Several factors have combined to make the world of online trading the perfect opportunity for this crisis.
Uncertainty Of Other Investments
For starters, at a time when almost everyone is being careful with cash, online forex trading represents the biggest investment opportunity at the lowest cost. Because of leverage, traders can access a high level of market participation for relatively little cost. This perfectly suits the dominant frugal mindset of today.
Ability To Go Short
With many markets falling to new lows regularly, one of the most attractive attributes of trading CFDs is the ability to go short just as easily as you can go long. In the midst of all the doom and gloom, traders are drawn to the idea of earning money from a plummeting stock, bursting bubble, or spiralling currency.
Short-Term Planning
The long term doesn’t really exist anymore, and won’t for a while. In these most uncertain of times, nobody knows what the value of any asset will be by the end of the year. That’s why buying physical gold, or sharing in your friend’s restaurant business, or buying physical shares of Exxon Mobil seem like much less attractive investments. Instead, the best we can do is focus on this day, this week, this month. Anything beyond that feels like guesswork. Online trading provides the investment of today in a world where nobody knows what tomorrow will bring.
All Markets Affected
This is an all-encompassing crisis that we share, touching every part of our lives as well as every market. The sheer scope of this pandemic means that every asset is susceptible to a slide when the clouds of covid gather overhead, and every market is on the verge of a surge if and when the recovery finally begins to manifest itself. With an online broker like TIOmarkets, investors can trade any asset that happens to be gaining or losing ground, or any market that’s mentioned in the news that day. It’s a complete opportunity for a crisis that is complete in its reach.
2 In 1
In as much as the pandemic provides opportunities, the eventual recovery provides the same opportunities all over again. All the assets that are buckling under the weight of covid have a chance to spring back up in a resurgent economy, while assets that have prospered under lockdown orders, such as tech stocks, may lose their lustre as restrictions are lifted across the world. A perceived loss of potential revenue may see the value of those assets slide.
On either side of the coin, the opportunity for traders is tangible. Yet, the opportunity for partners remains prominent.
News Media Does Your Advertising
Traditionally as a forex partner, much of your work is often convincing people of the opportunity. That’s changing. A huge portion of the media circus that covers the pandemic is dedicated to reporting and analysing its effect on the markets (which is largely why the world of online trading blew up in 2020). People are now convinced of the opportunity, or at least most of the way there, so your job becomes pointing them in the right direction. This makes the basic goal of reach much more rewarding. Simply tap your audience on the shoulder and lead the way. They already know what you’re selling, and they’re interested.
It’s safe to say that the chance to team up with a forex partner has never been more rewarding, nor the market riper. It’s also safe to say that we’re barely halfway through the opportunity. Forex and CFDs trading is the chance of a lifetime, and we expect many more of you to seize it with both hands. As the saying goes; if not now, when?
As a friendly parting, we’ll remind you that your chances of creating a successful forex partnership is only as good as the broker you choose to build your business with. Now’s not the time to risk it slipping away. The surest way to make 2021 a blockbuster year for you is to get in touch with TIOmarkets – a trusted, regulated broker that has your and your traders’ best interests at heart.
We can help you set your forex partnership business up from scratch. We’re excellent at converting the referrals you send us into traders, and keeping them happy so that you earn a lifetime of commissions on every trade they make.
Sign up for a partner account today to join forces with one of the leading trading brands and start earning from one of the most generous partnership programmes around.
Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client’s losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand. This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, USA & OFAC. The Company holds the right to alter the aforementioned list of countries at its own discretion.
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