Is forex a good niche?

[fm1234]

I am no longer in the Forex niche specifically, but work futures trading as a niche pretty hard. Most of my success in that general kind of niche has come from promoting the "tangential" stuff, eg. in the case of Forex promoting alert services and gadgets and subscriptions/memberships rather than trying to promote Forex systems or accounts at any given broker.

My reasoning in taking this approach is that once a site visitor has dropped a few hundred bucks on a "bulletproof Forex solution" then lost his ass trading it, it's your fault (in his mind) that he failed, not the bullshit system or his own stupid unrealistic expectations. Better to sell tools and services that are strategy-neutral, to the traffic which you bring to your site by providing education for free when everyone else is insisting it costs $249


Frank

 

[rawbones]

^^^^ Yes I can see tools being a nice niche. A trader can justify spending almost any amount of money on tools/software etc. if it makes him money

 

[nat3r]

so sick of these types of responses on wicked fire. the guy is asking for a bit of help, before even reading the second post i knew it would sound very similar to this smart ass remark.

Newbie Forum = Honest Answers
Affiliate Forum = Any Answer

real simple.

 

[Fat Cat]

^^^^ Yes I can see tools being a nice niche. A trader can justify spending almost any amount of money on tools/software etc. if it makes him money

Can't remember if I have posted here before. So Hello anyways.
I know some serious forex and stock day traders.
Most of them hire people to build them tools or do it themselves. Each person is different for their needs.
Not to say tools wouldn't be a good niche. Just what I understand from my friends.

 

[fm1234]

But bear in mind that "tools" can be pretty broadly defined.

Consider this: Futures magazine has a section on coding your own stuff every month, but it proceeds from the assumption that the reader knows how to code in VB.

If you have an informational site in the futures trading niche, maybe put out some coding-related content and see what your stats say your readers think about it. If it's getting lots of attention, bookmarks etc. next up is a "Master Visual Basic in 12 Lessons! Build Your Own Trading System Like the Pros and Save THOUSANDS OF $$$$$" promotion.

So, you're pulling in "futures" traffic but what you're selling is only tangentially related to futures trading. You can change up and rotate promotions to the same eyeballs again and again without worrying about alienating or losing readership -- if anything your readership is more likely to be forwarding your URL, posting it on forums etc. for you with this kind of promotion than they are if you run a site that promotes the same trading software twice a month in the newsletter.


Frank

 

[bprimeelite]

Forex is a great niche. After you make money at forex you may want to look into gambling, viagra, and more. I wrote a guide on selling forex that you can find HERE.