Should This Be A Crossroad Or Not?

Last Update: June 21, 2019

Good day everyone!

A while back I posted an update on my newly developed income streams. since then I have progressed very far with some and slow with others.

And... I've come to a crossroad.

My Predicament

You see, my Forex income has suddenly left me a big surprise that sort of left affiliate marketing as a slow income.

In the past week, without touching my Forex account and simply copying other traders I've made about $300 in profit and it is still growing everyday, successfully. It was also my first week of initiating Forex.

Forex has achieved more in a week than I have achieved with affiliate marketing in 9 months. My venture into affiliate marketing have only yielded readers, generic comments and a well designed website.

But obviously, I have not been invested in affiliate marketing as much as I possibly can. I haven't been able to post as many articles as I'd like and I would also be one phase ahead of training if I committed more time to WA.

This leads me to not commit as much effort and enthusiasm as I used to, to affiliate marketing. The last thing I wish to do is to stagnate, because every income stream I add leads me to not rely as much on a single stream.

What Solutions Do You Offer?

Have you experienced a similar predicament? If so, what have you done to bolster your efforts in affiliate marketing again?

I certainly do not want to give up my effort on my established sites, and my ideas for each site is growing each day.

- Ian

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AJTrimble1 Premium
The key to success in anything is stamina. Sure, Forex has paid dividends -- and you would be crazy not to take advantage of that -- but the real question is, is it sustainable over the long term? I always found it to be a bit like gambling; win some, lose some. I wasn't comfortable with that, so I looked elsewhere.

Yes, affiliate marketing takes time. In fact, it could be argued that it takes more time than other forms of business. In the long-term, however, I think that time is more than worth it. I now have a business that is sustainable whether I work on it all the time or not.

Personally, I enjoy writing, so for me this is not work. I wake up, knock out a few words, and spend the rest of the day hanging out with my wife and kids. I was able to retire shortly after turning 50.

So, is affiliate marketing the way to go? It was for me. But everyone is different and have different priorities. Only you can decide what is best for you.

Hope this helps.
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ericcantu Premium
The key to success is to build profit that lasts. When success comes very quickly with something, whether it be forex trading, MLM growth, or anything else, the thing you always have to remember is that it can go just as quickly. It’s the nature of the beast. Similarly, when something takes a while to be profitable, and you finally hit that stride, it also takes much longer for those profits to go away. Take pride that you’ve found quick success with a new venture, but invest that new success into your long term goals with affiliate marketing. This way, instead of the two ventures working against each other and feeling like you’re at a crossroads, it’s actually more like a road that is merging into the path you’re already on. Keep up the great work and congratulations!
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Kaizen21 Premium
Hi Eric.

Thanks for the hope. I just need to remind myself of my long term goals.

I'll definitely be using Forex to aid my venture in affiliate marketing. Like I've said, I am not quitting affiliate marketing, I enjoy expressing myself through my posts. I just need to find ideas I enjoy expressing.
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Dedo52 Premium
Hi Ian,

What a great opportunity you have in your grasp.
Not only are you learning how to build websites, but you also have a new niche to explore (and promote).

BTW: The traders you follow on the forex markets. Do you know what strategy they're using?
I'm interested because I dabble a bit : )

Cordially
Dedo
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Kaizen21 Premium
Hi David.

They don't set S/L or T/P and their trades are ongoing. I don't see their strategy but I think they do check for crossovers on their EMA's. But they also trade quite a lot, so I'm not sure how they get their confirmations.
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Dedo52 Premium
Wow!
How do you manage your risk, Ian?

Or do you follow their moves to the letter?
I'm only asking because I used to follow a guy way back when. But I didn't have a clue what he was up to although I did break even.
It's what spurred me on to learn the game in more detail.

Cordially
Dedo

PS: Don't give up on affiliate marketing; it'll pay dividends.
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Kaizen21 Premium
I apply a 15/30 rule. I only allocate a minimum of 15% and a maximum of 30% of my capital to copied trades.

But before I copy trades, I check if they have good track record with regard their open positions and positions they have closed.
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Dedo52 Premium
Hi Ian,
Head over to my site (it's over on my profile page)
There's a post on it called "forex made easy - no bull."
It's a brief synopsis.
My site isn't about Forex BTW, and I'm not promoting it.
Just want to share some of my experience, and if it helps, it's okay.
Your risk management seems a bit, whooooa!
1% is usually the norm.'
Hope this helps
Cordially
Dedo
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AlexEvans Premium
Hi, Ian definitely one of those standing at the crossroads moments, which could lead to that life-changing breakthrough moments.

It can be hard to make decisions when the money starts to flow in, usually getting to that point the money is flowing but usually in the wrong direction.

I find that stepping back and reflecting can help, everything takes applied knowledge, so perhaps look at your available time and divide or spend it accordingly.

Explore every opportunity, if you making money in one area you may be able to invest it in other areas, eg outsourcing some content creation to keep things on your websites ticking over.

Just a thought, at the ends of the day it is your decisions that counts and as long as we are happy and confident with our decisions things usually work out.

In your heart, you will probably know the right way to go.
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Kaizen21 Premium
Hi Alexander. What you say is certainly true. I may need to step back and just reminisce for a moment.

And that may cause me to get behind with my affiliate marketing for a while, but I will make a good decision in the end.
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