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Questions

Am I at risk of EMD penalty?

No you are not. EMD penalties are for the ones that abuse that. ie: have several EMD pointing to the same site; have the entire site flooded with the keyword, etc.
Keyword Research | | FedeEinhorn

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Where can I find best resources for Affiliate Marketing?

Rae Hoffman is one of the notable people in the field of Affiliate Marketing. She has some resources on her site at http://sugarrae.com/ that can help you get started.
Affiliate Marketing | | KeriMorgret

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