If you have a good knowledge of currency trading and blogging, it is time to create your own Forex blog. The best strategy is to create a free blog. You can get one from a number of web sites that offer these. There are plenty of sites where you can create your own blog free of charge.
The point is to get user registration. The second step is to upload your blog. This might take you several hours. Once your site is set up, the next step is to add funds and then create your own currency blog.
Deposits are simple. You set up a particular money amount for a certain number of trades. You will get these deposits from any source like you can ask your family or friends to help or you can use the software as well.
You will not be depositing with the broker but rather with a third party. You need to agree on a minimum fee with the broker to receive their deposits. It is known as an entry fee. You must have this fee entered in the right place so you will not get it back later.
When you enter in the broker’s fee, do not worry about it. You will not be taken advantage of. Your broker will deposit for you will receive these deposits. However, when you start posting articles on your blog and start trading forex on the blog, it is time to pay the entry fee to the broker.
The reason is because they are making more money when you trade for them and this means they are also earning more. When you post articles and sell items that they are offering, you earn for them a percentage of these transactions. The percentage you will be earning will be higher when you are using a web site that will require a deposit before you can be registered.
The maximum deposit allowed for one Forex blog is ten dollars. So if you have decided to start up with more than one account, be aware that there will be no limit on how much you can deposit. Of course, you will be able to do this in increments up to 100, but even if you are only interested in one Forex blog and not in more than one, you can always start with a low deposit and then increase it once you get going.
The entry fee varies from broker to broker. It is a free service and should not be a cost. If the broker does not feel comfortable with you entering in his deposits, you will be asked to leave their website or get other ways to get their money.
You should understand that you are buying the services of a broker. Do not try to get around the rules by not putting your broker in the know of what you are doing. You can trust your broker to keep you informed of what is going on in your account. If the rules are not followed and they have to close your account, they are not going to want to lose their money anyway.
The next thing you will need to do is create a way for your customers to see what you are doing and where you are trading. You can set up a blog in WordPress. WordPress is free to use and very easy to set up. You will be happy to learn that there are already a lot of people out there blogging about Forex.
With the amount of traffic that the internet provides, it is not difficult to put your blog on a website like Squidoo or HubPages. These will both give you all the traffic that you need for your blog. Once you have set it up, you can use Google Analytics to track which keywords people are typing into the search engine to find your blog.
Creating a Forex blog is a breeze and can be done with the right guidance. There are some good guides that can help you along the way. if you have ever thought about creating a Forex blog, it is now time to get started.