Planning: A Key to Successful Trading

Friday, October 31, 2008

Planning: A Key to Successful Trading

From time to time I get some very interesting confessions. Here is a very recent one, along with a solution.

"Hey Joe! I had been looking at a profitable trade setup all day. I studied indicator after indicator looking for confirmation, even though I know many are correlated and redundant. But I just kept on searching. I thought, ’Maybe I missed something.’ My account is now so small that I just wanted to be sure that this was the right trade. My thought was that I must take into consideration anything and everything that could cause this trade to fail. I can’t afford to lose any more money. What should I do?"

Well, my friend, you need to be able to make a decision, but you can’t do it if you are trading undercapitalized and making your trading decisions out of fear and uncertainty.

You are suffering from too much analysis. You are looking at so many things, you no longer can see straight. If you keep on over-analyzing your trades, it may develop into a deep-seated psychological problem.

Carefully analyzing the possible consequences of your trading decisions is healthy, but it becomes unhealthy when it is overdone. When it comes to trading, it’s important to have a clearly defined trading plan. You want to be sure that any given trade is not going to wipe out your trading account. That is one of the reasons we want you to use a time stop in addition to a money stop. When you use both types of stops you are clearly defining the signs and signals that indicate your trading plan is not working, suggesting that you should close out the trade to protect your capital.

Trading, by its very nature, is uncertain. There is little that can be described as security for traders. Every trade is a new event, and every entry is an entirely new business. A trader does not have the luxury of living from his past accomplishments.

If you have an unquenchable thirst for certainty, then trading is not for you. Uncertainty in trading is co-equal with insecurity. If money represents security to you, you have a real problem as a trader. Losing money not only costs you your financial security, but also your emotional security.

At many of my seminars and private tutorings I tell people that I have completely divorced myself from the money involved in trading. I don’t even know until the end of the month whether I have won or lost. I trained myself to think of trading as an endeavor in which I strive to make points. Only later are those points translated to dollars. In that sense, for me trading is a game. But I never lose sight of the fact that trading is also a serious business.

Insecurity in traders who over-analyze manifests in searching for the holy grail of trading, desperately seeking the right indicator or the perfect trade setup. The problem you’re having is that even when you see something, you are not sure it is sufficiently perfect for you to act on. Why? Because you lack confidence in your ability to trade what you see. Because you lack confidence in yourself. And because you fear the pain of another loss.

Here’s how I was taught to do my analytical work.

First, I went through all my charts to get an overview of the markets. During that time, I looked for trending markets. Trend lines were placed on the charts as long as they had a 30° or greater angle. Until I became used to what that looked like, I used a protractor to determine the angle. This action got me used to identifying the trend. These days it is easily done with your software.

Next, I went through all my charts again looking for "against the grain" moves-the intermediate trend that went against the longer term trend. This alerted me to markets that might soon resume trending.

Then I went through all my charts looking for Ross hooks™. I marked each hook with a bright red "h". Then, in light of the size of my margin account, I tried to select those markets that appeared to have the greatest potential, and I placed order entry stops just above or below the hooks. These were resting orders in the market. I tried to never miss a hook. I phoned my orders in daily.

How did I know which markets had the greatest potential? The answer is simple. I selected those markets that had the strongest trend lines.

Now there was a trick to this. I didn’t want too steep an angle, because in a rising market that often signals that the end of a move is near. Markets that break out too fast and go straight up rarely give an opportunity for entry before they start to chop around in congestion. Markets that have been going up at a steady angle, and suddenly that angle steepens-goes parabolic, are giving a warning that the move may soon be over.

In down markets I was willing to allow a steeper angle, because often a market will move down a lot faster than it moved up.

What I most wanted was trending markets that were making a retracement. Then I could attempt an entry as the market retraced, when it reached the proximity of the trend line, and then seemed to resume its trend, and when it took out the Ross hook™ created by the retracement.

Sometimes I had to wait for weeks before the markets started trending. The same is true today; nothing has changed other than that intraday it can happen a lot sooner. There will usually be at least a couple of markets in that condition, but there are times when there are none.

Yet I did my homework every day. The only way to know when an important breakout, the beginning of a trend, would occur, was to perform my daily analytical work.

Finally, I would set my work aside and take a break for dinner. After dinner, when my head had cleared a bit, I would look at my charts again. I would then do my best to come up with a trading plan. I would try to think through what I was going to do. I would ask myself a million "what if’s." I tried to anticipate what might happen in the market.

Often that kind of thinking would cause me to eliminate some of my potential trades. Also, a second look at times resulted in "why didn’t I see this before?"

For instance, what if you look at a market that is approaching its trend line. Isn’t it reasonable to ask yourself, "If this market breaks the trend line, what would I do?" Ask yourself how such an event would change the picture. If you had a position, would you still want to hold it? If you had no position, would this cause you to take a position opposite what was the trend? If it would, then why not place an order entry stop with limit, just the other side of that trend line? Very often, when prices approach a trend line from what has been a trending channel, they are already in a counter trend within the channel. That means a breakout of the trend line would be a continuation of this newly formed trend.

Finally, I would put my work aside and go to bed. In the morning I would look at my charts once again. Then I would write out scripts for the orders I wanted to place.

I would rehearse how authoritatively I was going to give these orders.

I did all this and more before I entered a trade. But do you know what most traders do? They do their analysis after the trade is made. Too often, they do it when the trade is already going against them.

How many times have you entered a trade, and then said to yourself, "Oh no, why didn’t I see that before?" How could you have seen it if you hadn’t looked, and looked again, and thought about it, and then perhaps looked one more time?

Also, many traders do their analysis after entering the trade in search of a justification for having entered. "Now I’m in the trade, let’s see if I can find out a couple of good reasons as to why!"

If you want to be a successful trader, you have to be hard. Hard on yourself and hard on your broker. I don’t mean that you have to be a rat, or be impolite, or be contemptuous. You just have to be firm in all that you do. You can’t afford to be "Mickey Mouse" about the way you do things. This is a business; you must be businesslike in conducting your affairs.

As a business person, you must manage your business. One of the main functions of management is planning. You have to plan your trades. Other things to look for as you go through your charts are: One-two-three formations, cups with handle, matching congestions, reversal bars, and Doji’s. These should all be part of your plan.

Some people give more thought to choosing which flavor ice cream to eat than to which market to enter and how and when to do it.

By not taking the time for preparation, you end up not having enough time to weigh the pros and cons or really familiarize yourself with what you are getting into.

You don’t have time to realize that prices have supported two ticks away from your entry about forty times in the past. You don’t have time to see that you are trading right into overhead selling. You don’t have time to notice that if prices break out of yesterday’s high, they will also probably take out a Ross hook. You don’t have time to see where prices are in relation to the trend line. You don’t have time to really grasp the overall trend, or the wave that is going counter trend. You don’t have time to really consider where you will place your stop. You don’t have time to read the market and to see what it might be telling you.

All of these things can be done ahead of time. If you do not do your homework, you will end up chasing markets in a desperate attempt to get into "the big move."

by Joe Ross


Forex Money Management

Forex Money Management

Forex money management is one of the most important things you can learn before you actually begin making live trades.

The money management principles discussed here will teach you how to avoid the costly mistakes many new traders make, often to the degree that they lose their entire investment on the first handful of trades.

Psychology is really the most important factor to money management in forex. You have to be able to separate yourself from any emotional attachment you may have to your money. This is not very easy to do, but it works and it can be done.

If you allow yourself to become emotional on a trade, you will not exit the trade properly, and this could mean holding on to a trade when you should have let it go, or letting go before the trade had a chance to turn profitable.

First and foremost, you should consider leverage and risk. It is advisable that you never risk more than two percent of your account balance on any trade. However, some go further and allow for as much as ten percent, but never more than that. This gives you the ability to withstand market fluctuations, and if the trade goes bad, you still have money to try again. You should never operate under the assumption that you will profit from every trade. You should also plan for losses. Therefore, most traders will tell you that the best thing to do is to keep your gains large and your losses small. Develop your trading strategy around this idea.

Keep track of your gains and losses. Keeping accurate and detailed records of your account activity will allow you to see whether or not the strategy is working, or if it needs to be re-built.

Never go blindly into trading without a way to keep track of results. You will lose all of your funds and never understand why it happened.

Finally, it is highly advisable that you first practice a strategy on a demo account. Nearly all brokers offer a virtual account whereupon you make trades in real-time, but with imaginary money, so nothing is risked. This is the best way to test a strategy before you put your real money on the line.

However, be careful, once again, of the psychology of trading. When you play with fake money, nothing is risked. When real money is on the line, you must not get emotional. If you do, you will find yourself with very different results, most likely losses, than you had with the demo account.


37 Healthy Habits To Keep You In Top Shape

Tuesday, October 28, 2008

37 Healthy Habits To Keep In Top Shape

The other night, I had a fever. You know, the kind of fever that makes every moment last forever, that pains your whole body just enough to deprive you from all forms of sleep and makes you sweat like a long distance runner? Well, I had that. Yet, it was pretty much all gone 24 hours later. The fever, the runny nose, the sore throat, all gone.

It made me think that that fast immune response had to do something with the healthy habits I accumulated over the years. So here is a very incomplete list of some of the things that have helped me to stay in top shape for the past 2 years. Of course, feel free to add to it and make it better!

1- Stay away for Sugars
2- Opt for Organic, fresh and locally grown foods
3- Eat most of your food Raw
4- Only eat when you are hungry
5- When you are thirsty, drink water
6- Chew your food at least 30 times before you swallow it
7- Take the time to savor your food and focus on the action of eating
8- Choose your foods according to the season
9- Trade you coffee for a high quality green tea
10- Trade all fruit juices for water
11- Have your dose of sunlight everyday
12- Take a walk everyday
13- Smoking is outdated, just stop it for your own sake
14- Learn to breathe correctly; for the bottom to the top of your lungs
15- Wake up with the sun
16- Go to bed when he goes
17- Sleep in total darkness
18- Stop criticizing and start edifying
19- Accept that you deserve to be healthy
20- Embrace your current health for what it is, it will only make it better
21- Understand what your body was designed for; to heal itself
22- Learn to take a break
23- Learn to observe yourself
24- Go on vacation
25- Forget yesterday and tomorrow, live in the Here and Now
26- Stay in touch with your friends, even if you are “busy”
27- Listen to Music that make you happy
28- Keep on learning new things
29- Remind yourself to have Fun
30- Practice Yoga
31- Meditate
32- Speak your mind; do not let anything inside too long
33- Sing in your shower (even if you can’t sing!)
34- Have sex
35- Be grateful for your body/mind complex that serves you everyday without asking questions
36- Love someone
37- Smile

Risks of Trading in Forex Market

Risks of Trading in Forex Market

Although every investment involves some risk, the risk of loss in trading off-exchange forex contracts can be substantial. Therefore, if you are considering participating in this market, you should understand some of the risks associated with this product so you can make an informed decision before investing.

As stated in the introduction to this booklet, off-exchange foreign currency trading carries a high level of risk and may not be suitable for all customers. The only funds that should ever be used to speculate in foreign currency trading, or any type of highly speculative investment, are funds that represent risk capital i.e., funds you can afford to lose without affecting your financial situation. There are other reasons why forex trading may or may not be an appropriate investment for you, and they are highlighted below.

The market could move against you

No one can predict with certainty which way exchange rates will go, and the forex market is volatile. Fluctuations in the foreign exchange rate between the time you place the trade and the time you close it out will affect the price of your forex contract and the potential profit and losses relating to it.

You could lose your entire investment

You will be required to deposit an amount of money (often referred to as a security deposit or margin) with your forex dealer in order to buy or sell an off-exchange forex contract. As discussed earlier, a relatively small amount of money can enable you to hold a forex position worth many times the account value. This is referred to as leverage or gearing. The smaller the deposits in relation to the underlying value of the contract, the greater the leverage. If the price moves in an unfavorable direction, high leverage can produce large losses in relation to your initial deposit. In fact, even a small move against your position may result in a large loss, including the loss of your entire deposit. Depending on your agreement with your dealer, you may also be required to pay additional losses.

Overtrading is another ordinary money management mistake in the forex market. This trading does not have clearly defined trading objectives; the sole reason is to make more money. To avoid this mistake, make sure that every trade is broken into ultimate goals, and that these goals are achieved before other positions are added. Very few traders can successfully manage multiple positions in a variety of currency trading markets.

Overconfidence is a big mistake when it comes to money management and the forex market. This is caused when a trader has or thinks they have particular or inside information. These hot tips are sometimes wrong, and when this happens large amounts of money may be lost because of this. The way to avoid this is to avoid being confident in any rumors or special information you may have. Managing your money means taking measures to preserve it as well.

Preferential bias can exist among forex market traders. This happens when they only see or hear what they want in relative to the favored trade. This can cause a trader to ignore the real activity of the forex market in favorite of what they want to happen. It is important to look at each trade impartially and do not become set in cement with your opinion. Do not ask friends or family for their opinions; just go with what you know.

Good News For Income Investors

Good News For Income Investors

Looking for good news in today's markets is like searching for the proverbial needle in a haystack. Needless to say, practically all investment grade equities and nearly all closed end funds that specialize in providing regular recurring monthly income have been reduced in market value by this prolonged correction. The quake has spread in all directions from its financial epicenter, and the mounting doom and gloom has taken its toll on even the most rational investment decision makers. Try to keep in mind that the purpose of income investing is the income that your portfolio produces not an increase in the securities' market values---

So here's the good news (and for anyone with a 40% or higher income asset allocation, or an income portfolio being used for living expenses), it really is very good news. Base income levels, from the beginning of the stock market correction in June '07 until mid-July '08, have barely changed at all. In fact, they have probably risen in properly asset allocated portfolios. I have examined the regular recurring monthly income distributed by 56 taxable income CEFs and 61 tax-free income CEFs, and the conclusions are pretty remarkable.

In spite of the fact that the vast majority of my favorite monthly income producers are lower in market value than I would like, the amount of income they are distributing to shareholders has not moved lower meaningfully--- even though the Federal Reserve has reduced interest rates by approximately 60% during the past twelve months. Here are the numbers:

(1) 48% of the taxable-income CEFs are distributing precisely the same amount per share as they did a year ago. Fourteen issues have increased their payouts and fifteen have reduced them.

The net result is a decrease of just fourteen cents (2.5% of the total monthly payout). The average current yield on the portfolio, as of mid July '07, is 9.86% without considering any capital gains distributions. Additionally, the group is selling at market prices that reflect an average discount of nearly 11% from NAV. Is that special or what? The bonds, preferred stocks, government securities are priced 11% below their current market values.

(2) The numbers are similar with regard to the 61 tax-free income CEFs: 46% have not altered their payout over the past twelve months; eighteen have reduced their payout slightly, and 15 have increased the monthly dole. The net difference for the group over the past year is less than one cent, or a percentage change of two-tenths of one percent. Remarkable. This group is selling at an average discount from NAV of 9.1% and has a current tax-free yield of 5.51%.

(3) Of 117 individual issues, about half have produced stable income. The others have accounted for a total payout reduction of less than 15 cents--- a measly 1.7%. Why is this amount of little consequence? Two reasons really.

First of all, a properly asset-allocated income portfolio does not disburse all of the base income it receives, so there is income available to reinvest in more shares of income producing securities. This process assures a growing cash flow to calm your fear of rising prices. The other reason is a bit more hypothetical. The Fed has lowered rates significantly, a process that normally produces higher prices for income securities. Eventually, those lower interest rates (even if global pressures convince politicians to take back some of the reductions) should produce higher prices (i.e., profit taking opportunities) in these securities.

Admittedly, even if your asset allocation has been fine tuned for years, lower portfolio market values in this area make stock market valuation shrinkage feel even worse. But the value of stable cash flow becomes painfully clear for investors who misguidedly depend on capital gains for their spending money. Properly asset allocated portfolios contain enough base income generators to pay the bills. The purpose of capital gains is to produce proportionately more base income generators.

The purpose of this email is simply to bring some needed sunlight into an investment environment that is far gloomier than I think it needs to be. If you want the details, you'll have to request them personally.

Forex Trading Tips

Monday, October 27, 2008

Forex Trading Tips

Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?

This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading.

Trade pairs, not currencies — Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

Knowledge is Power — When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.

The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

Unambitious trading — Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

Over-cautious trading — Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

Independence — If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:

Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);

Seek advice from too many sources — multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome — by yourself, for yourself.

Tiny margins — Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

No strategy — The aim of making money is not a trading strategy. A strategy is your map for how you plan to make money. Your strategy details the approach you are going to take, which currencies you are going to trade and how you will manage your risk. Without a strategy, you may become one of the 90% of new traders that lose their money.

Trading Off-Peak Hours — Professional FX traders, option traders, and hedge funds posses a huge advantage over small retail traders during off-peak hours (between 2200 CET and 1000 CET) as they can hedge their positions and move them around when there is far small trade volume is going through (meaning their risk is smaller). The best advice for trading during off peak hours is simple — don't.

The only way is up/down — When the market is on its way up, the market is on its way up. When the market is going down, the market is going down. That's it. There are many systems which analyse past trends, but none that can accurately predict the future. But if you acknowledge to yourself that all that is happening at any time is that the market is simply moving, you'll be amazed at how hard it is to blame anyone else.

Trade on the news — Most of the really big market moves occur around news time. Trading volume is high and the moves are significant; this means there is no better time to trade than when news is released. This is when the big players adjust their positions and prices change resulting in a serious currency flow.

Exiting Trades — If you place a trade and it's not working out for you, get out. Don't compound your mistake by staying in and hoping for a reversal. If you're in a winning trade, don't talk yourself out of the position because you're bored or want to relieve stress; stress is a natural part of trading; get used to it.

Don't trade too short-term — If you are aiming to make less than 20 points profit, don't undertake the trade. The spread you are trading on will make the odds against you far too high.

Don't be smart — The most successful traders I know keep their trading simple. They don't analyse all day or research historical trends and track web logs and their results are excellent.

Tops and Bottoms — There are no real "bargains" in trading foreign exchange. Trade in the direction the price is going in and you're results will be almost guaranteed to improve.

Ignoring the technicals- Understanding whether the market is over-extended long or short is a key indicator of price action. Spikes occur in the market when it is moving all one way.

Emotional Trading — Without that all-important strategy, you're trades essentially are thoughts only and thoughts are emotions and a very poor foundation for trading. When most of us are upset and emotional, we don't tend to make the wisest decisions. Don't let your emotions sway you.

Confidence — Confidence comes from successful trading. If you lose money early in your trading career it's very difficult to regain it; the trick is not to go off half-cocked; learn the business before you trade. Remember, knowledge is power.

The second and final part of this report clearly and simply details more essential tips on how to avoid the pitfalls and start making more money in your forex trading.

Take it like a man — If you decide to ride a loss, you are simply displaying stupidity and cowardice. It takes guts to accept your loss and wait for tomorrow to try again. Sticking to a bad position ruins lots of traders — permanently. Try to remember that the market often behaves illogically, so don't get commit to any one trade; it's just a trade. One good trade will not make you a trading success; it's ongoing regular performance over months and years that makes a good trader.

Focus — Fantasising about possible profits and then "spending" them before you have realised them is no good. Focus on your current position(s) and place reasonable stop losses at the time you do the trade. Then sit back and enjoy the ride — you have no real control from now on, the market will do what it wants to do.

Don't trust demos — Demo trading often causes new traders to learn bad habits. These bad habits, which can be very dangerous in the long run, come about because you are playing with virtual money. Once you know how your broker's system works, start trading small amounts and only take the risk you can afford to win or lose.

Stick to the strategy — When you make money on a well thought-out strategic trade, don't go and lose half of it next time on a fancy; stick to your strategy and invest profits on the next trade that matches your long-term goals.

Trade today — Most successful day traders are highly focused on what's happening in the short-term, not what may happen over the next month. If you're trading with 40 to 60-point stops focus on what's happening today as the market will probably move too quickly to consider the long-term future. However, the long-term trends are not unimportant; they will not always help you though if you're trading intraday.

The clues are in the details — The bottom line on your account balance doesn't tell the whole story. Consider individual trade details; analyse your losses and the telling losing streaks. Generally, traders that make money without suffering significant daily losses have the best chance of sustaining positive performance in the long term.

Simulated Results — Be very careful and wary about infamous "black box" systems. These so-called trading signal systems do not often explain exactly how the trade signals they generate are produced. Typically, these systems only show their track record of extraordinary results — historical results. Successfully predicting future trade scenarios is altogether more complex. The high-speed algorithmic capabilities of these systems provide significant retrospective trading systems, not ones which will help you trade effectively in the future.

Get to know one cross at a time — Each currency pair is unique, and has a unique way of moving in the marketplace. The forces which cause the pair to move up and down are individual to each cross, so study them and learn from your experience and apply your learning to one cross at a time.

Risk Reward — If you put a 20 point stop and a 50 point profit your chances of winning are probably about 1-3 against you. In fact, given the spread you're trading on, it's more likely to be 1-4. Play the odds the market gives you.

Trading for Wrong Reasons — Don't trade if you are bored, unsure or reacting on a whim. The reason that you are bored in the first place is probably because there is no trade to make in the first place. If you are unsure, it's probably because you can't see the trade to make, so don't make one.

Zen Trading- Even when you have taken a position in the markets, you should try and think as you would if you hadn't taken one. This level of detachment is essential if you want to retain your clarity of mind and avoid succumbing to emotional impulses and therefore increasing the likelihood of incurring losses. To achieve this, you need to cultivate a calm and relaxed outlook. Trade in brief periods of no more than a few hours at a time and accept that once the trade has been made, it's out of your hands.

Determination — Once you have decided to place a trade, stick to it and let it run its course. This means that if your stop loss is close to being triggered, let it trigger. If you move your stop midway through a trade's life, you are more than likely to suffer worse moves against you. Your determination must be show itself when you acknowledge that you got it wrong, so get out.

Short-term Moving Average Crossovers — This is one of the most dangerous trade scenarios for non professional traders. When the short-term moving average crosses the longer-term moving average it only means that the average price in the short run is equal to the average price in the longer run. This is neither a bullish nor bearish indication, so don't fall into the trap of believing it is one.

Stochastic — Another dangerous scenario. When it first signals an exhausted condition that's when the big spike in the "exhausted" currency cross tends to occur. My advice is to buy on the first sign of an overbought cross and then sell on the first sign of an oversold one. This approach means that you'll be with the trend and have successfully identified a positive move that still has some way to go. So if percentage K and percentage D are both crossing 80, then buy! (This is the same on sell side, where you sell at 20).

One cross is all that counts — EURUSD seems to be trading higher, so you buy GBPUSD because it appears not to have moved yet. This is dangerous. Focus on one cross at a time — if EURUSD looks good to you, then just buy EURUSD.

Wrong Broker — A lot of FOREX brokers are in business only to make money from yours. Read forums, blogs and chats around the net to get an unbiased opinion before you choose your broker.

Too bullish — Trading statistics show that 90% of most traders will fail at some point. Being too bullish about your trading aptitude can be fatal to your long-term success. You can always learn more about trading the markets, even if you are currently successful in your trades. Stay modest, and keep your eyes open for new ideas and bad habits you might be falling in to.

Interpret forex news yourself — Learn to read the source documents of forex news and events — don't rely on the interpretations of news media or others.

by Fiorenzo Fontana

earn money from home

Saturday, October 25, 2008

earn money from home

To earn money from home is easy with the Internet and the thousands of opportunities it brings to home-based entrepreneurs. Thousands of Americans earn money on the Internet now, as technology has ushered in a new era of conducting business. Now is the perfect time to take advantage of the many business opportunities online, getting a head start on the new age of business transactions. Those looking to do work out of one's house or to use the Web to make a living can research the varied types of businesses offered and find one that fits their unique style, schedule, and career goals. Anyone wanting to work out of their house can work part-time for extra income or there are also full time opportunities to earn money online, as well. Working at home is not for everyone, so there are risks and points to consider when contemplating an Online start up business or working for someone else from the computer in one's own house.

Technology has changed the way we get information and the way we conduct business. Technology has made getting information faster, transacting business faster, and has created a climate for new and innovative avenues to generate revenues. There are online franchises that can be purchased, offering buyers the name recognition and expertise of an established business and there are also consulting firms that train and evaluate various businesses or personal situations, all online. There are also multi-level marketing programs that are growing online every day. There are sales and promotion programs and plans that generate quick ways to make an income on the Internet. Finding ways to earn money from home can easily be accomplished with one or two days of research. When investigating the different business opportunities online, be sure and look closely at the affiliate business model offered by several major online businesses. Being an affiliate sales support to major merchandisers can be a wonderful financial opportunity and a fabulous way to make money at home. While it is important to make an income for all of life's necessities, it is important that Christians keep it in perspective. "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." (1 Timothy 6:10)

The newest and perhaps fastest way to use the Internet to make a living is with the affiliate programs offered. An affiliate can work directly with companies that sell goods or services, or affiliates can work with an affiliate network system. Affiliate network systems host different companies that are in the market to promote their goods or services to as many browsers as possible. Those who are eager to earn money on the Internet will find affiliate network systems that host companies that work with affiliate support. A good way to determine if the website or the circle of influence or contacts could benefit from hosting advertising from other companies, first browse the companies looking for affiliates. Finding companies that fit the target market or audience will be key in the ability to earn money from home or make an income on line. Research is showing that one of the fastest ways to do that is through affiliation programs.

Affiliate or sales associates work like magazines or newspaper advertising. Affiliates host other companies' logo banners or buttons that link Internet browsers to the other company. Those companies advertising with an affiliate pay for space or for sales generated by the web pages or contacts of the affiliate. There are affiliate programs that allow the use of email or other direct contacts, putting their information on the newsletter or informative correspondence. Choosing major Online companies that fit into the target audience will help secure leads to earn money from home.

There are several ways to earn money on the Internet by becoming an affiliate business partner with other services and merchandise promoters or online companies. First, there can be income generated from simply displaying another companies logo or banner on the house or business website, as well as newsletter or other informative correspondence. Every time a person anywhere in the world downloads the web page, or email, bringing that logo into their house, the company advertising on the website pays for the opportunity to be seen by one's personal contacts. This method of affiliation is the simplest way to work at one's house, but pays the lowest dividends.

Another affiliate income generating opportunity is the money that is earned every time a shopper actually clicks the button of an advertiser on the website. The "click" income method is more profitable for websites that have higher traffic numbers. Shoppers interested in the website will also be interested in the products and services offered through the advertising on the web page. Affiliate business opportunities that pay for every click on a banner or button are profitable ways earn money on the Internet. And, there is another ways to generate funds with affiliations. There are affiliate programs that will pay for sales leads or percentages on the sales themselves. This is often the case with large service providers such as mortgage companies, financial institutions, or even counseling services.

Before diving into any business idea to earn money from home, would be entrepreneurs should take time to self-evaluate their own career goals and financial needs. Those considering a home-based business will also need to be disciplined in work habits and schedules. Earning money from home allows for flexibility, but often temptations to procrastinate can prove to be too great, and the business fails. If a person is a self-starter and a highly motivated individual who does not mind working alone at times, then getting a business going online may be for what they're looking for. Research the many different ways to earn money on the Internet today, and find the perfect business for one's financial and personal needs.

Money making business opportunities

Money making business opportunities

Money making business opportunities can be found in many places on the Internet, as well as the traditional trade journals, magazines or newspaper advertisements that invite a person to invest in a new career. If one has the money to buy into a franchise and open a fast-food restaurant or chain store of some kind, there is a certain customer base one can expect because of the familiarity of the brand name. Provided the location is well chosen and the management is done correctly, a person can expect to have a profitable endeavor.

For women who are looking for money making businesses, the most popular are the ones that deal with makeup, jewelry, or home products. She can set up an establishment to be run out of her home, and customers agree to entertain friends at their homes where the seller can demonstrate or exhibit the products. With light refreshments and plenty of time to make decisions, everyone has a good time, and at least some of the attendees will buy something. Shipment of the products is usually made within a couple of weeks of purchase. There are even lines of clothing that are sold in this manner. Combining work and pleasure is a good way to run an enterprise, particularly if women are the customers.

By far the greatest class of money making business opportunities a person will find on the Internet is the home-based Internet job. The lure of having an endeavor that can be run without leaving home is very strong indeed. Since commuting can be such a serious hassle, not having to get into the car to do one's job is very attractive. Of course, working at home for both men and women eliminates the need for an appropriate wardrobe for an office. Putting on makeup in the morning stops being a necessity for the women who are engaged in home-based money making businesses.

There are a few things all of these home businesses that are advertised on the Internet have in common. They all promise that everyone buying into the enterprise will make huge incomes, and will have all the help they need to succeed. Another common thread is the amount of time a person is expected to spend doing the required tasks--no one has to work full time. Another website claims that 99% of home-based businesses fail. So who is a person to believe?

Anyone looking into money making business opportunities would be wise to take the big money claims with a grain of salt. There are those who are aggressive in promoting the products, and can put in the kind of time that will ensure a very good income. That isn't done on a part-time basis though. Long hours are really what it takes to make great sums of money. Part-time will earn a person a decent wage, but probably will not make him rich. Many of these companies do keep their word about giving the new business persons the help they need to succeed. Any time a person is dealing with strangers, the Better Business Bureau is their best ally. Also, it's important for Christians to remember that money shouldn't be the most important thing in one's life. "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows." (1Titus 6:10)

Even before checking out whether a particular one of these money making businesses is the right one, a person has to decide what kind of enterprise is going to suit his lifestyle. Some people enjoy talking to potential customers and affiliates on the phone, and since some of these businesses require phone contacts, the coming together of those two creates a happy relationship. Those people who do not like making contacts that way will be looking for another company that doesn't require that. Money making business opportunities exist where all contacts are made via e-mail, and the rest is handled online. A different personality type is more suited to that kind of enterprise. With a little research, almost anyone can find something online that will be suitable to his personality, and allow him to reach his goal of independence.

For a lot of people looking for money making business opportunities, the most important factor is being one's own boss. Setting one's own schedule while doing something they really want to do is at the top of the list of priorities. Taking that step requires self-discipline, however, and some people find they don't have enough of that. This need for imposed scheduling is the thing that keeps some would-be home businesspeople from succeeding. Self-discipline and goal setting go hand in hand. The person who can accomplish certain things every day will see his endeavors grow and prosper, while the person who eliminates scheduling and goal setting from his agenda will not.

Often people look for money making businesses that will allow them to capitalize on the skills they learned on a previous jobs, even though this one is different. The salesman who is tired of peddling widgets may wish to turn to insurance policies or health products, where his sales skills will be valuable. The woman who worked as an office administrator may want to do data entry or write business articles. There are plenty of choices among the money making businesses.

FOREX — Dealing With Your Losses

FOREX — Dealing With Your Losses

One of the most important rules of Forex trading is to keep your losses as small as you possibly can. With small Forex trading losses, you can stick it out longer than those times when the market moves against you, and be well positioned for when the trend turns around. The one proven method to keeping your losses small is to set your maximum loss before you even open a Forex trading position.

The maximum loss is the greatest amount of capital that you are comfortable losing on any one trade. With your maximum loss set as a small percentage of your Forex trading effort, a string of losses won't stop you from trading for any particular amount of time. Unlike the 95% of Forex traders out there who lose money because they haven't begun to use wise money management rules to their Forex trading system, you will be ok with this money management rule.

To use as an example, If I had a Forex trading float of $1000, and I began trading with $100 a trade, it would be reasonable for me to experience three losses in a row. This would reduce my Forex trading capital to $400. It would then be decided that they're going to bet $200 on the next trade because they think they have a higher chance of winning after having lost three times already.

If that trader did bet $100 dollars on the next trade because they thought they were going to win, their capital could be reduced to $250 dollars. The chances of making money now are practically nil because I would need to make 150% on the next trade just to break even. If the maximum loss had been determined, and stuck to, they would not be in this position.

In this case, the reason for failure was because the trader risked too much money, and didn't apply good money management to the play. Remember, the goal here is to keep our losses as small as possible while also making sure that we open a large enough position to capitalize on profits and minimize losses. With your money management rules in place, in your Forex trading system, you will always be able to do this.

by: Don Spanish

How to Make Millions Trading the Forex Markets with just $20!

Friday, October 24, 2008

How to Make Millions Trading the Forex Markets with just $20!

I am here to explain how you, with a little luck and patience can make MILLIONs trading the Forex markets with just $20! We will use the power of leverage to turn our money into a much larger sum, and then trade with it!


Step 1
Find $20 lying around, and then open an account at You don't absolutely have to open it there, but it offers 500:1 leverage which is exactly what we need to make this work. Any other brokerage that gives you 500:1 leverage will work fine.

Step 2
Deposit your $20 or more into your FXOpen account, and open MetaTrader 4 which comes as a free download from FXOpen. MetaTrader 4 is the program in which you will trade, that offers charts, news, and brokerage updates.

Step 3
Understand the power of leverage, and then find a trade to use it. When a brokerage offers 500:1 leverage, they are saying for everyone $20, they will give you the buying power of $1000. When you trade foreign currencies, you make money based on how many pips the currency pair goes up or down. If you have $20 at 500:1 leverage, you will make $1 for every pip it goes in your direction. With $200 at 500:1 leverage, you will make $10 for every pip it goes in your direction.

Step 4
Find the right trade. Currency pairs can go up or down in excess of 300 pips on some days. With the above figures, we can figure out that if you put $20 on a trade with 500:1 leverage, and it goes a measly 20 pips in your direction, you will have made $20 or 100%. Apply this set up to a trade where you put $2,000 down, and you will be making $100 per pip! That is $2,000 for only a 20 pip trade!

Step 5
Continue finding solid 20 pip trades that will make you 100% of your balance. As your account continues to grow you will begin to have the ability to make an entire year's salary in only one 20 pip trade!

Step 6
Withdraw some of your earnings every now and then and have some fun with it! The point of making money is to have better life, so make sure you have a balanced lifestyle as trading can get stressful.

· Don't get greedy and stay patient! You will have $20k by trade 10, and $1.3 million by trade 16!
· Visit sites like and for trading tips.
· It only takes one no-brainer trade every 2 days to have more than $1 million in your first month!
· Don't fool around with the power of high leverage. Though it is true it only takes 20 pips at 500:1 leverage to make 100%, it also only takes 20 pips against you to lose your ENTIRE ACCOUNT. Please exercise caution when choosing your trades.
· Don't just guess when you trade, RESEARCH!

Earn Thousands Of Dollar Each Day Just By Clicking

Thursday, October 23, 2008

Earn Thousands Of Dollar Each Day Just By Clicking

Forex is the biggest and most in demand home business one can ever endeavor. This liquid trading market is gaining popularity at amazing speed. Forex trading once restricted to the large banks and blue chip companies has now become available to the average people

Forex trading for an income has numerous benefits and advantage over the trading of Stock, bonds and commodities. It plays a very important role in the world economy and there will always be a tremendous demand for the Forex International trade increases as technology and communication increases. As long as there is international trade, there will be a Forex market.

A breakthrough in automated forex trading has arrived. Thanks to the power of the internet and leverage offered by independent brokers the ability to trade forex has never been easier and is fast becoming the number 1 ‘home based business opportunity’.

All that is required is a basic internet connection and the ability to follow the simple setup instructions, once installed sit back and relax while the software painstakingly scans the market for trading opportunities and automatically picks off the trades with sniper like precision.

You can trade intraday, daily and weekly! This maximizes your profits if you want to trade with $3 - you can divide it and trade $1 intraday, $1 daily and $1 weekly. That's very simple. Signals are generated for all major currency pairs, and using all of them also maximizes your profits.

So, you're probably wondering where it's at ... or ... how to access the FOREX market?

Gold Up, Dollar Down Before Bernanke Speech

Gold Up, Dollar Down Before Bernanke Speech

As the weak dollar boosted the appeal of precious metals as an alternative asset it gave gold a lift from the lowest level it’s ever been, raising it for the first time in a month. The dollar fell again, heading towards a week low against the yen and the further for the first time in four days against the Euro. Part of the reason was analysts’ predictions that the speech by United State Federal Reserve Chairman Ben S. Bernanke would include an announcement that America’s economy was set for a prolonged downtown.

The dollar weakening helped boost the bullion, according to Darren Heathcote, the head of trading at Investec Bank Ltd. He said that the bad news coming out of the United States on Friday indicates a recession in the future. Bullion rose as much as 2.2 percent to $800.23 an ounce, trading at $796.58 at Singapore. The lowest it had been was $773.72 an ounce on October 17, 2008. Silver also rose 3.6 percent to $9.71 an ounce. “There’s still some upward pressure on gold as a result of its potential as a relatively safe-haven investment,” Heathcote said.

Hedge fun managers and large speculators have been cutting their net long positions, however, in the face of the predicted recession. Heathcote feels that some of the reduction is due to the need to pay margin calls in the financial markets and the turmoil it is currently experiencing. “Some investors may start to think gold’s not as safe as they expected because of the wild swings in prices recently,” he also said.

Speculative long positions – the bets investors make that prices will rise and not fall – have been outnumbering short positions by 106,825 contracts based on the Comex division of the New York Mercantile Exchange. Even net long positions took a tumble, falling by 4,788 contracts – a loss of 4% - based on a week earlier. December delivery gold gained an additional 1.4% to hit $798.30 an ounce after the electronic trading on the Comex division of the New York Mercantile Exchange opened for the day. Gold for August delivery has not moved very much, staying around 2,600 yen a gram – or $795 an ounce – on the Tokyo Commodity exchange.

How Bernanke’s speech will be received still remains to be seen but the fact that the government is finally recognizing a recession is relieving as analysts have been predicting this for months, ever since the housing markets began to fall to be followed by the banks and other financial institutions.

Tips for maximizing Your Google AdSense Revenues

Wednesday, October 22, 2008

Tips for maximizing Your Google AdSense Revenues

by: Diane Nassy
Despite what you may hear, the Google AdSense program is not for everyone. There are some types of web sites that do poorly no matter how hard the owners try, and there are others that should be doing well but the webmaster simply isn’t putting in the effort to make things happen. Here are some tips to make AdSense work better for you. If you do them all and you’re still not having any luck, then you just might be running one of those sites that don’t make money

1. Determine if your visitors are “in the mood”

Like I mentioned at the top of this article, some web sites just don’t work with pay-per-click programs.
The best performing sites fall into one of these categories:

• Sites where users go and expect to buy something while they are there. E-commerce sites fit the bill here..

• Sites where users go to find specific information on something that they want to buy now. Music and video review sites, vacation information sites, resume building sites, etc. You don’t have to actually be selling these types of things; your site can just be a mecca for information pertaining to these things. Then, when the visitor comes to read your content, they are more likely to click on your ads.

• Sites where people who have disposable income and a credit card like to visit. This includes sites with money management, investing and lifestyle content.

• Sites that draw a large amount of new users every day. Free coupon sites and “How to” sites are good examples.

• Sites where people go who expect to read ads. Classified ads and shopping comparison sites fit into this category.

2. Make sure that your visitors don’t feel that you just want to grab their money

Give them plenty of relevant and well-written content. If writing isn’t your best skill then hire someone to do it for you. Good content brings steady traffic and steady traffic pays the bills.

3. Play by the rules

Google has some very specific Terms of Service ( for participating in their AdSense program. Learn those rules and follow them so you don’t lose all of your investment by getting shut out.

4. Use the tools that Google gives you

Google gives you tools for determining the best keywords for your site, measuring ad performance, and setting up different ad “channels” for fine-tuning ad results. These guys and girls are the 800 lb. Gorillas in the Pay-Per-Click market. They didn’t build these tools just to keep their programmers busy. Take advantage of their knowledge for they are very big and you are not!

5. Tweak, fine-tune and then tweak again

You should never be happy with your AdSense performance. If it’s good, then you need to make it great. If it’s great then you need to make it amazing. If it’s amazing then you need to take it to the UPS club. The UPS club? Google sends all checks over $10,000 per month to the webmaster via UPS overnight delivery. Now there’s a club that I wouldn’t mind belonging to.

6. Get more traffic

No matter how much traffic you have, you need more. More eyeballs translate to more clicks. Even if you’re only pulling a 2% click-through. That’s a lot of clicks when you have thousands of visitors each day.

7. Experiment with new keywords

New keywords can bring new ads and new eyeballs along with it. Set up some new pages on your site and experiment with different content. Once you get something that’s working then refer back to Tip # 5.

You can see results in near real time when you use Google’s AdWords. Don’t be afraid to be different. If something that everyone else is doing doesn’t work for you, then invent something that does work and get it on your site.

The 7 Undeniable Rules of Forex Trading

The 7 Undeniable Rules of Forex Trading

Before we go into 7 rules of Forex Trading, that have been approved by a number of full time and successful traders, I'd like to narrate this story.

There was a lion, a donkey and a fox all keen to go out rabbit hunting together. After a productive day of hunting, the three of them sit around the pile of rabbits and the lion asks the Donkey, "Mr Donkey, would you please divide the pile into equal shares for the 3 of us?". The Donkey obliges and counts the rabbits into three equal piles for each of them. The Lion immediately roared and pounced him. He then piled all the rabbits on top of the donkey and asked the Fox "Mr Fox, would you please divide the rabbits up evenly between us?". The Fox takes out 1 scrawny rabbit from the pile and puts it in a pile for himself then say "There you go, Mr Lion, that's your pile" pointing to the large pile of rabbits. The lion says "Mr Fox, where did you learn to divide so equally?" and the fox says "The Donkey taught me."

The moral of the story is to learn from others' mistakes. Now we proceed to our 7 rules. These are for you benefit as mentioned earlier, from experienced, successful traders.

Rule #1 Never risk any more than you can afford to lose, you will lose money, all traders do, make sure you're not sacrificing anything else important in the process

Rule #2 Never risk any more than 2% of your margin trading account on a simple trade. For mini account holders, 2% of $300 would be $6 so realistically you would need around $15 so you can make this 5%. As soon as your account size is big enough, make this 2%.

Rule #3 Always use a stop loss order. If you haven't figured out where your stop loss order and limit order should be at the start of your trade then you shouldn't be trading.

Rule #4 Know your exit point before you enter a trade.

Rule #5 Demo Trade First: Become successful with paper trading when there's nothing on the line before you open a real account.

Rule #6 Take a breather when your equity has taken a dive.

Rule #7 Don't let your emotions call the shots: Stay cool, calm and collected. Patience and a clear head will win the game.


by Sorna Devadas

Creating Wealth with Affiliate Programs: Getting Rich with No Money Down

Tuesday, October 21, 2008

Creating Wealth with Affiliate Programs: Getting Rich with No Money Down

by: Sean Gum
The question I am asked the most is, "How can I create additional income streams if I don't have any money to get started?" This article is going to teach you exactly that - how to create additional income streams using the Internet - without requiring any money to get started...

If you search for Work-at-Home or Make Money Online, you will have literally millions of websites to visit that promise you the next best way to get rich... for a fee...

You can spend hundreds of dollars researching all of the business opportunities on the Internet. But more times than not, the money you spend only supplies information on everything else you need to buy to get started.

Well have no fear! I am going to show you some of the secrets I use to creating income streams with no money down!

I realize that a lot of you are living paycheck to paycheck. Everything coming in, quickly goes right back out. My intention of writing this article is to help you break out of this cycle with Affiliate Programs.

What are Affiliate Programs?

Affiliate Programs are used to promote a product or service through a cost-per-action advertising model. Simply put, website owners will pay you a commission for every person you send to their website that either buys their product or service, or perform some other type of action such as filling out a survey... built a huge following by utilizing Affiliate Programs. A website owner simply put a unique link on their website that provided them. Every time someone clicked on their unique link and ordered a book, the website owner would be paid a commission - usually a percentage of sales.

Banner ads or text ads are used to drive the traffic to the affiliate website. For example, one website might say "Click here to order Sean's Latest Book." When someone clicks on the link, it will go to exactly where they can order the book at

High traffic websites benefit greatly by this business model since they can drive a lot of people to the affiliate websites which results in a lot of commissions being earned.

But what if I don't have a website?!

I know, you don't have a website, right? Or maybe you do, but you don't get a lot of traffic? I have good news...


Over the last couple years, a new type of website has come onto the scene. They are called BLOGS. A blog is like a personal diary of articles that you post that people can read and comment on.

You can use a BLOG to drive visitors to affiliate links without having to have a website. If you look at the fortunedreams blog above, you will notice that at the end of every article is a link that says "Click here for FREE Information on Working at"

If you click on that link, it will go to an affiliate link which redirects you to a free survey to fill out.

For every person that completes that free survey, I get paid $2.25. Not too bad, eh?

So How Do I Do It?

Step 1: Open a free affiliate account. Go to and join the affiliate program there. This affiliate program will allow you to earn $2.25 for every free survey completed.

Step 2: Login to your affiliate account. At the top of the screen, you will see some TABS. Click on the tab that says "CREATE YOUR LINKS." Then click on the link that says "CLICK HERE To get banner and text link code to advertise our three different websites."

The first website listed will allow you to refer other people to join the MagMoney Affiliate Program. For every person that signs up through your link, you will get paid 75 cents for every person THEY get to complete a free survey. (You might not want to promote this one until later - when you have a friend that wants to do what you are doing... You can then get paid on their efforts!)

The second website listed will allow you to send traffic to a weight loss website. If you want to create a blog about weight loss, then you will want to use this for your affiliate link.

The third website listed will allow you to send traffic to a Work at Home website. If you want to create a blog about Working at Home, then you will want to use this for your affiliate link.

Step 3: Decide which website you want to promote from Step #2, and click on the CLICK HERE that is next to it to create your unique affiliate link.

Once you do that, you will get a list with your unique affiliate link along with about 10 banner ads. Disregard the banner ads since we will not be using them on the Blog.

Step 4: Write down the affiliate link that is listed under the heading "Basic Affiliate Url:".

Step 5: Go to and create a free Blog account.

Step 6: Go ahead and create your first blog, whether it is for Work at Home or Weight Loss.

Step 7: Post articles to your Blog with your affiliate link posted at the end of every article you post.

Do the same thing I did with the "Click here for FREE Information on Working at" But make sure you link it back to YOUR unique affiliate link that you wrote down from Step #4.

Where Do I Find Articles?

The easiest way would be to simply copy them from one of my blogs listed in the examples above. Or visit one of the free article websites such as . There are literally thousands of articles for the taking. You will want to search for articles that fit the topic of the link you are promoting.

For example, if you are promoting the Work at Home link, you would want articles pertaining to Work at Home.

Step 8: Promote your Blog! There are hundreds of Blog Directories and RSS Directories that you can submit to that are free of charge. When you create a blog at, you also get a free RSS feed of your Blog. You simply add /atom.xml to the end of your Blog.

Step 9: VERY IMPORTANT: After EVERY article that you post to your blog, go to and submit your blog. Click on ALL the Services to Ping and then submit pings.

This tells many of the popular Blog directories that you have a new article posted. The more articles you post, the higher your ranking (and the more traffic they will send you!)

So be sure to do this after every article you post.

Step 10: Post new articles on your Blog several times a day. Try to post at least a dozen or more new articles on a daily basis to achieve the best results.

So there you have it! A completely, absolutely free way to start generating income with the Internet from the comfort of your own home...

Of course you can repeat the process over and over again creating as many blogs as you want. You can also use this method with any of the hundreds of other affiliate programs on the Internet.

Utilizing this method, you should be able to build up an extra income from several hundred dollars a month to several thousand - depending on how hard you work at it.

Now that you are earning a little bit of pocket money, put $250 aside for a special opportunity to turn it into hundreds of thousands of dollars with the ultimate leverage!

Good luck and God bless!

FOREX: Starting your own trading

Friday, October 17, 2008

FOREX: Starting your own trading

The presented article is intended for those who just turned their eyes toward Forex. Beginning traders who are still learning the basics of the foreign exchange market may also find something of interest here. While experienced traders won't gain anything worth their time reading this article.

Basically there are 4 steps which can be defined as "must do" for those who wish to start trading Forex. Though, their order is not particularly important, the more important part is their content, to which the great attention and responsibility must be paid.

First step is finding a right Forex broker which will be your main tool in trading. You can have a great strategy, good technical analysis skills or an outstanding intuition but you will eventually fail if you choose a bad broker. A good Forex broker is one that will not still your money, will be doing real trading with your positions, supports your preferred deposit/withdraw methods and has fast and helpful user support service. It is nice if a broker is registered with some sort of governmental financial commission. One of the most important aspects of the broker is it's trading platform — but for a new trader this part is not so important as for expert traders. Still you'll probably want to trade with some powerful and informative platform as a MetaTrader or its analogs. For new traders the more important is a demo account which can be used to trade virtual money while you are training your Forex skills. If you are new trader, start only with the demo account! Don't lose your money on your first mistakes!

Second step is learning the basics of Forex trading. If you already found your Forex broker, you will easily get all information from its website or user support. There are many articles and websites dedicated to Forex basics in the World Wide Web. All you need to do is just google for "forex trading basics" and you'll find everything you wanted and even more. This step shouldn't be underestimated, because trying to trade without even understanding how the market works is not only very risky, it will also become boring very soon.

Third step is about education. Forex trading education is not similar to any other education you probably have got in your life. Forex market is very chaotic, so is the education — there are no fixed rules and all time laws, it is unstable and dynamical. So, to be on the top you must learn new things about Forex regularly and constantly. Try to read as many books, articles other traders' opinions as you can. The more you learn, the more educated you will be. And with good Forex education you will be able to create very sophisticated and effective trading strategies.

Fourth step is a final one; at least I consider it to be a final one. To achieve the successful results in the Forex market you need to develop your own strategies. While you are learning you'll be satisfied with known strategies and probably even Forex signals. But true goal which leads to successful Forex trading is to develop your own strategies. Not one strategy, but to follow the market day by day, developing new strategies and improving those which began to fail. And this comes not only to the trading strategy (this part is obvious), but also to the money management strategy (this part is often underestimated). While you gain experience in trading you'll inevitably build such strategies that will fit your trading style, you character and your life as best as they can. And after that, trading will become a real pleasure, which will eventually lead to your financial freedom.

by Andrey Moraru

Skin Care Mistakes

Wednesday, October 15, 2008

Skin Care Mistakes

By: Marilyyn Syrett
Following a good skin care regimen is a guarantee for clean and healthy skin. But as long as you continue making silly skin care mistakes, you can never hope to see healthy skin on your face.

Ironically enough, these false practices are so embedded in our daily routine that most women go without realizing that they are committing absolute atrocities to their skin. Here are some very common mistakes that you may make. And if you do already it’s about time you moved on.

Here are the mistakes:

1-Using Soap to wash your face!

Body soaps contain harsh detergents that work to remove dirt and bacteria from the hard contours of the body. But it gets a little too much for the delicate skin of your face. Soap dehydrates your skin completely and rids your face of all moisture and natural oils thus making it dry in the long run.

Use mild cleansers instead. Cleansers subtly clean your face and removes all the accumulated debris and bacteria without harming the oil glands within. They open up the skin pores and flush out all the toxins to give you an utterly clean skin.

Not washing face regularly

This is one thing many of use procrastinate till night time. But seldom is it realized that each time you postpone washing your face, you are actually inviting bacteria to breed. Because with all the pollution and cosmetic elements stay on the skin and make a good place for the bacteria to survive.

The only solution is washing your face regularly. If you wear make-up through the day, you can wait until you are done to follow the cleansing-toning-moisturizing regimen. And if you don’t wear any make-up at all there is no reason why you wouldn’t wash youe face throughout the day. Keep a face wash handy at all times.

Not using eye-creams

It’s a pity to know women still look at eye creams as something of a luxury rather than necessity. But actually eye creams are not just to pamper the eye contour. In fact, it provides the gentle contours of the eyes appropriate nourishment. Your eyes are the first spots to show signs of aging. Therefore it is essential that you use a good quality eye cream at morning and at night each day.

Drinking soda instead of water

People often mistake liquid intake in terms of aerated drinks as equal to that of taking in water. But that’s not the case though. Even diet sodas dehydrate you.

Water, on the other hand is a natural solvent. It not only helps circulation in the body. But also flushes out toxins and debris from inside the body. There is no fixed number of glasses of water that you should drink in a day. But you should never be thirsty.

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make money on the Internet

Tuesday, October 14, 2008

make money on the Internet

There are many people who make money on the Internet with various successful sales and service programs. The World Wide Web has introduced some creative avenues for earning either full time or part time income. With online commerce increasing almost daily, now is the perfect opportunity to jump into the exciting and fast paced cyberspace trade. Those seeking to increase earning potential can investigate the various options available and find the perfect income producing job for their unique lifestyle and financial needs. Online marketing is no get rich quick scheme, but with a little time and a lot of heart, one can find ways to make money on the Internet. Getting started will require taking the time to investigate the current options available, while determining costs involved, but getting started today can put a motivated entrepreneur one day closer to working in the most exciting marketing fields of today: technology commerce!

There really are many options for earning an income through the Web. The most well-known online opportunity is perhaps the selling of goods on electronic auction sites. Many folks scour discount shops and garage sales looking for great buys. Then, these clever shoppers join an electronic auction program and sell their finds to the world online. To make money on the Internet with unusual goods and products is quite fun. The sellers that haunt auction sites, generally sell products that they, themselves enjoy buying, making this venture an exciting exchange of goods. There are restrictions and guidelines for most Web auction programs, so interested sellers will need to research the various programs online, finding the right business venture match.

Multi level marketing plans are just now taking the Internet by storm. Direct selling, or in cyberspace it is called matrix marketing, is quickly becoming a new and innovative way to make money over the Internet. Motivated women, men, students, or anyone can find a product or service to sell online, recruiting others to join their team. These programs pay commissions on several levels, allowing their salespeople to earn and train others to be successful. This type of income producing venture may take more time and commitment than simple sales online through auction sites, but these ventures do have unlimited income possibilities, when there is dedicated work involved.

Affiliate programs are also experiencing financial success online. Affiliate programs are actual companies networking with one another. One website might advertise another website's goods or services on their home page. For example, if an online service is promoting a camping program, this site could host advertising from a book store that sells camping guides. The key to successful affiliate programs that make money on the Internet is targeting specific audiences. There are innovative entrepreneurs that have created an informational website, only to host closely associated affiliate programs on their page. The advertiser, or affiliate pays the host every time a person links to the web page, buys a product, or even views their advertising. The ideas seem endless with affiliate marketing, and clever and content rich web pages are making money when utilizing several payment options associated with affiliation.

Now is the perfect time to consider a venture that will make money over the Internet. Research is showing that more and more consumers log online daily to find the products and services that they are looking for. The convenience of shopping from home is truly introducing incredible time management opportunities and financial savings as well. With the explosion of products now available online, prices in all markets are very competitive. This is for the making of one happy consumer. Those with an entrepreneurial spirit can start slow with any of these programs and build to a career point, which is one of the advantages of operating through the Web. To make money on the Internet is to work at ones own pace, but it does take a certain amount of dedication.

Before jumping into an online business opportunity, seeking guidance from the Lord is a good idea. God wants to be intimately involved in everything in the life of His creatures. This includes all business deals and decisions. The Bible teaches that we should pray about everything and God will be faithful to offer His gentle guidance. "Be careful for nothing; but in everything by prayer and supplication with thanksgiving, let your requests be made known unto God. And the peace of God, which passeth all understanding, shall keep your hearts and minds through Christ Jesus." (Philippians 4:6-7)

It is also a good idea to research the different options available to make money over the Internet. Most business opportunities found online will require at least a small investment for membership fees, web designs, or the purchasing of products for resale. It will be wise to begin the business selected with ample knowledge about the products or services and about how the company that is being worked with operates. The time invested in initial research will be time that will pay off in the long run. So start today and discover how to make money on the Internet and enjoy the additional income!

Make money fast at home

Make money fast at home

Make money fast at home by taking advantage of the many online opportunities available for freelancers and home based entrepreneurs. Finding a way to make a profit quickly from the house can also be accomplished through real world applications by any creative individual. A motivated person can make money fast from home if he or she finds the right niche that accentuates their talents, expertise and abilities. There are many possibilities such as affiliate marketing, ecommerce, freelance contracting, and web based technical jobs. Finding one that will produce quick profits is dependent on many things not the least of which is accumulating all the knowledge about what options are out there. "But my God shall supply all your need according to his riches in glory by Christ Jesus." (Philippians 4:19)

One of the most exciting areas to come along in recent years for many people that want to earn a living from the comfort of their own house, is Internet based earnings. This format offers a way for anyone to make money fast at home while continuing with their current day job. It also offers the opportunities to develop a personal business that can go global in a few minutes with Internet web hosting. Still others have found ways to make money fast by offering services not only through current jobs offered online but to the global marketplace. For anyone who is halfway creative, the chance to earn a hefty profit exists through already existing opportunities or through those possibilities yet to surface.

For those who have tapped into the options of employment online, many have been able to totally revolutionize individual earning structure and family lifestyle. Though not the norm for everyone that has a web based business, some have reached such proportions of earnings that they now have completely left their 9 to 5 job. Although this is not the typical scenario for over half of those who actually make money fast from home, it is possible. Most people, however, fall somewhere in between the wildly successful and the completely unsuccessful at new business ventures online. Those who are moderately successful are by far the median statistics of those who make money fast at home.

Many stay-at-home moms, men or women who want to earn extra income, and creative entrepreneurs are prime candidates for online earning opportunities. All it takes is some basic computer skills and a special earning niche that is just right for them. Affiliate marketing is the up and coming star of online earning opportunities. Some owners of affiliate marketing sites have been able to make money fast from home within a few months. This type of Internet business can grow over a period of time and create a steady stream of passive income. The proper initial work in setting up a productive web site, choosing affiliates sites to market and developing online marketing strategies are necessary for anyone to be successful.

Some individuals have made this a fulltime business opportunity and others have used this to bring in extra income every month. The sky is the limit for affiliate marketing options for anyone who is willing to learn the ropes. Ecommerce is also a very important part of the online, global earning market that is available to anyone. Almost everything imaginable is currently being sold via Internet commerce capabilities and there is plenty more room for more entrepreneurs. Have a great idea for a product or service? Sell it on the Internet. The overhead is very cheap compared to brick and mortar stores. Depending on the product or service marketed, it is possible make money fast from home by tapping into some niche that nobody else has addressed. Niche marketing is the fundamental key to explosive earning potential for online ecommerce companies.

The global market is huge, but finding the right group of consumers to purchase a particular goods or service is very important. Freelance jobs are also available throughout online sources that include opportunities for photographers, writers, and other experts that can be done from home. These types of jobs can provide ways to make money fast at home by contracting professional individuals on a job by job basis. Computer technicians that specialize in data base technologies can also provide contractual services to a wide variety of employers throughout the Internet. A huge assortment of freelance opportunities can be found throughout the Internet that offers ways to earn extra income in their own homes.

Web based opportunities continue to be one of the hottest opportunities to date for ways to earn income from the house. There are, however, the more traditional favorites that many people have found to be highly successful ways to make money fast from home. MLM marketing strategies that include a variety of products has proven to be a way to quickly earn some income. Products that involve healthcare, cleaning products and informational items are among the best options for this type of moneymaking strategy. There are many income options available for anyone who is motivated and willing to creatively invest personal time and expertise in a new commercial venture.

Alternative Venture Finance: Federal Grants and Loans

Monday, October 13, 2008

Alternative Venture Finance: Federal Grants and Loans

by: Dave Lavinsky
While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).

An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.

In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.

Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.

Interestingly, U.S. taxpayers benefits from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.

In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.

The Perfect Diet Just for You

The Perfect Diet Just for You

by: Michael Fortomas
You decide to start a new diet plan. You shop around, get ideas, talk to friends, family, co-workers, forum friends, chat room buddies…then you choose the one that sounds best and works within your budget and sign up.

Next comes the fun part of learning a new system. You count calories, track servings, buy special foods, hit the treadmill, plan meals around special recipes, weigh in regularly and log everything.

What happens over time? Maybe some of these:

You lose some weight. You gain some weight. The food choices start to bore you. You'd rather count sheep than calories and put the little weighing gadgets back in the drawer. Everyone who thought you could stand to shed a few pounds, even recommending diets for you to choose from, are now saying things that trip you up like, "Oh, you don't need to loose any more weight." Or "It's OK to eat a Big Mac and French fries this time."

You've started skipping weigh-ins and meetings because of time, then "just because"…no reason. I mean, why go through that, right?? You KNOW what you should and shouldn't eat, so why go listen, weigh in, blah, blah, blah…

You quit - for now - fully intending to pick up the program next week. OK, next month in reality. Or next year. OK, next LIFETIME.

To begin, simply consider these facts…

A healthy diet goes hand-in-hand with healthy weight management. No pain, no gain, right? Wrong!

Individual activity and dietary goals depend upon each person's health and weight goals and issues. Depending upon individual health concerns and issues, food choices can affect body and mental health. Arriving at the Perfect Diet is no quick, simple task in today’s world of fast-paced living.

For example, there are a several different educational food pyramid plans. The United States Department of Agriculture (USDA) has a food guide pyramid. And the Mayo Clinic, in conjunction with the May Foundation for Medical Education and Research, has their Mayo Clinic Healthy Weight Pyramid. (A list of pyramids are updated regularly at the USDA site:

Then there are the lifestyle choices to go along with the dietary plans. Lives need to be balanced in order to make the perfect diet effective. For example, depending upon the body type, history, physical and mental make up and other factors, some dietary solutions are more perfectly suitable and / or adaptable than others when working in accordance with day-to-day activities; exercise, nutrition, health, etc.

You must learn about foods with respect to nutrition, dietary and body basics and common disorders. Then you can choose which areas of importance you would like to focus on from subscriber and other organizational programs available today for help with diet solutions, to weight products, to an assortment of food planning tips, and more.

All the above should be made under the guidance of your own medical practitioners.

Are You Still Looking For A Job?

Sunday, October 12, 2008

Are You Still Looking For A Job?

by: Janice Sharman
Most people I know are unhappy with their jobs. The alarm clock becomes the enemy at 6:00 o’clock on a Monday morning as its shrill cry signals the end of an all too short weekend mini-break. But, spurred on by the thought of a paycheck guaranteed to be there whether the mind accompanies the body to work that day or not, they make the noble sacrifice and head out into the big, brave job world.

Statistics show that Home-based businesses are the hottest and fastest growing segment of the American economy. By the end of 2005 it is predicted that as many as 75% of the working population will be working from their homes.

Most people would love to have a work from home job - one where they can stay at home and work for someone else just like they do in the office.

Have you looked around the Internet at the "work from home jobs"? They are mainly for the highly specialized professions - programmers, medical and legal transcriptionists, graphic designers and for project specialists in fields such as technology research. I don't know about you but my expertise in these fields is almost zero and I am sure that is true for the majority of the population of planet earth.

To my mind these highly specialized jobs not only appeals to a very tiny segment of the home-job-seeking population, they also do not offer much flexibility. You don't get to pick your clients, your co-workers, or your hours on the job. In effect you become a telecommuter with a supervisor who wants to dictate your every move just to make sure you are really working. What is worse is that telecommuters are still subject to the company's employment policies and procedures and are definitely not in control of their working environment.

Most people who want a home-based business are not willing to exercise the discipline it would take to start earning the thousands of dollars the gurus and top Home Business marketers claim can be made so easily. They are content with making just enough to pay the bills and have a stress-free work environment.

The pros of a successful Home-based Business far outweigh the cons. A Home Business can be anything you want it to be – A messenger service, a hairdressing salon, affiliate marketing, an Internet franchise, a bookstore, etc. The world is your oyster, and if your business is an online one, you can create the business you really want. Just think, you could be leaping out of bed each morning excited and ready to begin work instead of prying yourself out of bed dreading the thought of returning for even one more day to a job you hate and a boss you despise.

The corporate world has become increasingly unpredictable . I have relatives and friends who have changed jobs numerous times in the last 5-7 years. You would think these are entry level earners but most of them have MA's, PHD's and advanced university degrees. Twenty years ago, one could bank on having just 2-3 jobs in their lifetime, the average is now between 8-16.

The corporate world is changing rapidly. Companies are downsizing or relocating to countries that have cheaper labor costs. This trend is set to continue. Even if you possess those rare skills I mentioned earlier, you still won't be in full control of your job situation until you have your own home business.

With your own home business you are in the driver's seat; you are the boss! You set the goals and you decide the fate of your company. You will never get laid off because the company you work for is relocating or downsizing.

The best part is, that when you own your own home business, you get to have leisure time and vacations whenever you want. You call the shots because you are in control of your destiny! And, even though you may have heard it many times before, owning your own business is, without a doubt, your surest pathway to accumulating true wealth.

Still looking for a JOB? Whether it is an office job or you are telecommuting - it is still a "JOB". Someone else is still putting a cap on what your lifetime earnings would be worth. It’s time to lift the ceiling. Start thinking seriously about setting up and growing your own home business. You will find a satisfaction deep inside that you never knew your work could provide, and the Monday Morning Blues will be a thing of the past.