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I hope you made some profits. From this liquidity sweep that happened few minutes ago.
I was positioned and waiting.
And Yes I’m no longer an @XTexchange @XTExchangecn Affiliate. As you may know, I’ve only been an affiliate of XT. I’ve never been signed on any other exchange for the past 2years.
I’ve also consistently tweeted about the challenges of FT as an affiliate!
They cheated me on my last payment. Don’t forget exchanges place affiliate accounts on a special algorithm.
I have tweeted about this before!
In the guise of; AML, Preventing Market Manipulation, Monitoring Traffic/API abuse and Protecting regulations.
What is hidden from you is that, your break even point is extended on trades so u can generate more fees for them, same fees they claim they are paying u as incentives.
At the same time they pressure you to signup users, delay your payments and worst of all, when there is system failure they always avoid the blame.
If you are a decent trader, open an account with a normal exchange, I’m not advertising anyone it is TOO BIT of a job to do, trade and compare your breakeven point with your affiliate accounts.
Tell me what u see. Don’t forget there is an extra pressure to hit volume targets, provide signals to your signups in order to maintain the stream-some now use this as an opportunity to shill whatever trash project pays them to their community as well.
If you are skilled in this Art and Science of trading, what you simply need is for your profits to be consistently at least twice or thrice your loses.
A normal free account that comes with no pressure will allow u achieve this 9/10 times of the time.
Free yourself from affiliate trading and watch yourself grow as a trader!
Many affiliate traders are working under an illusion that the exchanges are “PAYING” them!
In reality, the trader is constantly paying the exchange, generating volume for them and on onboarding users, but guess what, you will rarely get an appraisal or appreciation, cos the greed of exchanges is on another level when it comes to affiliates.
SHALOM!