Forex and Internet Marketing:
Have you noticed that when someone's trying to sell you something — such as a system for making money — they always make it look far easier than it is? Let's look at two Internet businesses, almost as diametrically opposed as it's possible to be — Internet Marketing and Forex Currency Trading. You've probably heard the old Internet adage — build a better website and they will come. Well it ain't true! You could put up a site advertising dollars for a dime and they still wouldn't come — because they wouldn't know where to look! Let's look at what you need to have in place in order to build a successful Internet marketing business. First of all, you need a product. If you've been reading the recent Internet marketing blurb you'll know you need a niche product. Actually, the new thing is sub-niche but whatever they call it, you need a product for which there is high demand but low supply. Finding a suitable niche is the hardest part of the whole process but let's say you have a killer product, what else do you need? The List. Ask any Internet marketeer and they will say that the most important part of your business is your opt-in list. For people to join your list you usually have to give them something of value such as a free eBook or report on a subject related to your main product line. To keep them interested, you need to keep in touch with them offering them additional information, advice and tips. Website. To promote your opt-in list you need a website (although there are other ways of promoting your list, too) with features that will encourage people to sign up to your list. You also need a killer website with killer copy to describe — and sell — your killer product. This may or may not be the same as the one you use for your opt-in list. Killer copy. Maybe you're not a good copywriter. There are many eBooks on the subject that can help you or you can pay someone to write copy for you. You need a domain name, preferably one with some relation to the product but good domain names are becoming increasing difficult to find. Ads. To get people to visit your website in the first place you need to register it with the search engines. SEO (Search Engine Optimisation) is an art in itself. You can mug up on the subject or pay someone to do the job for you (but be aware that not all experts are!). You might also want to place ads for your list in newsletters and ezines. The better ones will charge you although you might get a free ad in return for an article. Autoresponder. To automate your business you need an autoresponder. These clever devices automatically send emails to everyone on your opt-in list at predetermined intervals, and contain predetermined copy. For example, you could create a series of emails containing, say, five parts of a free course to be sent one a day over the first five days. Then emails would be sent once a week advertising a different product each time. Whenever anyone signs up to your list they automatically start at the beginning so everyone gets the full cycle of marketing material. We haven't even looked at affiliate sales and marketing but I'm sure you get the picture. The basic idea of selling over the Internet sounds good but there's a lot more to it than most people realise. Forex Currency Trading Someone said that trading is the last frontier, the last place where men and women can stand up and pit themselves against the world. It sounds very Wild Westish but most of it is true! You win or lose entirely by your own efforts and if you win, it's like having your very own bank. However, even owning a bank is a business and you still have to work hard to put the money there — and to keep it! Unlike Internet marketing where all your efforts, in one form or another, are geared towards making people join your list and then selling them stuff, Currency Trading has no customers. That's worth repeating — with currency trading, you don't need customers. No customers means you don't need any of the associated accoutrements that go with Internet marketing such as: Products Web site Domain name Opt-in list Ads eBooks and reports Autoresponder Any other marketing aids So far so good, but what do you have to do and what do you need? Well, you need to know what currency prices are doing. You can get a list of prices at the close of each trading day free from many web sites. If you want to trade during the day — intraday trading, you can get real-time prices for a nominal fee from several data suppliers. In the foreign exchange currency market, commonly called forex, you can get this data and charting software free from many web sites. Okay, that's the easy bit. In order to trade currencies, you need to analyse the data and determine which way price is heading. In other words you need a system and this will require study and dedication. There's lots of other stuff you have to know, too — trading terminology, margin, leverage, money management, order types, trader psychology and more. But all of this is available in eBooks and courses and on the Net. You also need some money upfront to fund your trading account. With forex you can begin with as little as $300-500 although you would be advised to start with more. So while you don't have the ongoing quest for new customers, new products and inventive sales techniques, you do need some sort of education or training before you begin and you need discipline while you're trading. For more information on getting started with forex currency trading, go to: www.webkept.com Making money takes work whether it's online or off. Make sure you know what's involved before you start and remember that the more you put into a business, the easier it gets.
Making online money: Not far away now:
The 1st way to pick up some quick cash is to write articles and sell them. The Internet is run by content. Every site out there is hungry for content. If you can put together an English sentence, you can write articles. The number of topics you can write on are virtually unlimited. All you need to do is concentrate on something that you're interested and write about 400 to 600 words on it, depending on the requirements of the site, and you can earn anywhere from $3 to $200 per article, depending on the demand for that topic and the site you write for. Most places will make payment within two weeks.Another way to earn some quick cash online is to freelance at a place like Elance.com. Depending on what your skill is, you can make a quick killing by outsourcing yourself out to somebody looking for something to be done. Maybe you're a programmer. You can offer to do a simple programming job for somebody looking for a simple job. Maybe your skill is proofreading. If somebody is looking for a person to proofread their manuscript, you can make a quick few bucks doing that. Payment can be made to your PayPal account and again, just like with Ebay, you can have that money in your bank account within a few business days.
TIPS FOR FX DAY TRADING::
With the FX day trading market capturing the attention of people all around the world it is very important that you learn a few key tips to help you ensure that you are properly on your way towards getting the results that you are after. Simply jumping into the market is not likely to give you the results desired and instead will leave you frustrated. Following these five simple tips will help you to ensure you get the best results possible from all of your Foreign exchange trading transactions.Stick to pairs – This is a golden rule of thumb. While of course you can trade the currencies across each other without penalty, it is a wise idea to limit the currencies that you deal with. Even better to restrict them to pairs that you can easily compare to each other. Of course you can compare the USD to all of the other currencies if you are looking to engage in a new transaction, but if you are considering all of the currency choices available it might take you hours to pick one which could still turn wrong. It is much better instead to choose a pair that you always use together. For example, you could do pairs involving the USD and the GBP with another pair consisting of CAD and AUD. By always trading within these pairs, you are going to significantly decrease the amount of information you need to review for each trade.Never make a trade without research – The main reason why many traders were not successful in FX is that their attention is centered on the incorrect information of coming up with their trading decisions. They practically tend to forget the most relevant aspect, the price behavior. The technical indicators are found mainly in almost all FX day trading systems. Taking a couple of minutes for some quick research is not that difficult and if you are trading in pairs as mentioned in the previous tip you will find that it is quite easy and fast to do.Plan your strategy out – If you were going to build a house and expect it to stand you would do plenty of research to get ready then you would spend a bit of time trying to ensure that you have all of the materials, knowledge and people necessary to be successful. This is a strategy for building a house and in a similar manner; you need a strategy for Currency trade. Diving in is never a good idea for anything and FX is certainly not any different. Finding true success means having a specific goal in mind, what do you really want from the market? Are you looking to buy a car? Are you looking to fund your retirement? Are you even looking to become the richest person in the world? You need to know where you are trying to go so that you can set up a strategy that you stick to without fail.The correct mindset is one of the biggest things that is required in order to be secure while engaging in transactions in FX trading. Knowing what the major problems tend to be and working diligently to avoid them will help you to ensure you get on track properly. (Source:http://forextrainingblog.info/)
US jobs figures – Asian Market:
Asian markets jumped on Monday, lifted by better than expected jobs figures out of the United States and stronger Japanese data, boosting hopes the recession-hit economies were on the mend. Data on Friday in the US showed unemployment had fallen 0.1 percentage point to 9.4 percent in July as President Barack Obama's multi-billion-dollar stimulus plan kicks in. The figures sent the Dow Jones Industrial Average up 1.23 percent to its highest for more than nine months. On Monday the US news -- combined with reports showing Japan's current account surplus growing for the first time in 16 months in June and core machinery orders rebounding sharply -- lifted traders. Hong Kong led the rally, adding 2.72 percent, while Tokyo rose 1.08 percent, Sydney 0.11 percent and Taiwan 0.21 percent. However, China edged lower on continuing fears that banks will slash lending in the second half of the year. Singapore was closed for a public holiday. TOKYO: Up 1.08 percent. The Nikkei-225 gained 112.17 points to 10,524.26. Prices are at their highest since October 3 as investors cheered a weaker yen and signs of an improvement in the US and Japanese economies. Merger and acquisition speculation also stirred investors' interest, after the Nikkei business daily reported that Mitsubishi Chemical Holdings is planning to acquire plastics company Mitsubishi Rayon. Mitsubishi Rayon shares leapt 20 percent to 327 yen and Mitsubishi Chemical gained 4.7 percent to 443 yen. Auto and electronic makers were boosted by the weaker yen, which is good for exporters. Honda Motor jumped 3.5 percent to 3,210 yen and Sony added 3.2 percent to 2,780 yen. Daiichi Sankyo rose 2.7 percent to 1,818 yen after it said clinical studies of a new influenza drug that it co-owns had been successful. HONG KONG: Up 2.72 percent. The Hang Seng Index rose 554.15 points to 20,929.52. The market reached its highest since August 29, when it ended at 21,261. Traders said they expect ample liquidity to continue supporting the index in the near term. Heavyweight China Mobile led the domestic market rally on mainland listing hopes. It rose 3.4 percent to 91.55 dollars after the Oriental Daily reported the company will very likely list in Shanghai next year. Chinese Premier Wen Jiabao's affirmation over the weekend that the country will maintain its active fiscal policy and moderately loose monetary policy also boosted the local market. China Construction Bank rose 4.0 percent to 5.98 dollars and Industrial & Commercial Bank of China gained 3.1 percent to 5.27 dollars. SYDNEY: Up 0.11 percent. The S&P/ASX 200 closed up 4.7 points or 0.11 percent at 4,304.1. Austock Securities senior client adviser Michael Heffernan said it was a disappointing performance after a rally of more than five percent in the past two weeks. "We opened with gusto on the back of overseas markets and commodity prices but then we ran out of puff," he said. On Monday Fortescue announced a full-year profit of 508 million US dollars, turning around a 771.8 million US loss a year earlier. It closed down 25 cents or 5.67 percent at 4.16 dollars. Rio Tinto fell 2.02 dollars to 58.55 and BHP Billiton lost 24 cents to 37.76. Commonwealth fell 61 cents to 43.84 and Westpac was down 17 cents at 22.66. Telstra rose six cents to 3.58 dollars. BHP Billiton and Telstra will post their results later this week. SHANGHAI: Down 0.34 percent. The Shanghai Composite Index, which covers A and B shares, was down 10.93 points at 3,249.76. Banks and property developers led the fall amid concerns over future credit availability. Premier Wen Jiabao said China would maintain its current macroeconomic policy stance, including proactive fiscal policy and moderately loose monetary policy, according to a statement published Sunday. But, unlike in Hong Kong, his affirmation failed to quell worries. "Investors shrugged off Wen's remark because the growth in new yuan loans in the remaining months... will surely slow down," Central China Securities analyst Zhang Gang said (Source FP,Peshawar)
Forex staring Basics:
In order to become an adequate participant on FOREX market – professional trader, it is necessary to cover inevitable stages and get skills and knowledge, which are essential for working on FOREX, in process.To be a novice trader – does not mean to incur losses. Owing to the fact that the accounts of Insta Forex do not have limits to the volume of minimal lot, you can start working with any sum, having the opportunity to reduce risks. With increase of your confidence you enlarge the volume of trading operations, increasing risks and the opportunity to get higher profit.3Steps of Forex Market1 Step. Training on DEMO-account.Every person can open DEMO-account and learn how to operate the trading terminal and trading strategies for unlimited period of time and absolutely free. Even without having any idea about FOREX market you can try yourself as a trader, opening a DEMO-account. In spite of the fact that all deals on DEMO-accounts are virtual and are not put on FOREX, you have the full copy of all terms and conditions as the are on the live accounts. On the DEMO-account you can complete deals as well as you would do on the real account .Doesn’t matter how many questions you have – you can try to answer them using the DEMO-account, without any risks and having the opportunity to open unlimited quantity of such accounts totally free. Moreover, 24/5 support department is available by ICQ, chat, telephone or e-mail.2 Step. Trading on the live account.Having got the hand in working with terminal and learning the main trading strategies, you can try yourself on the real account, limiting your risks. Owing to the absence of limits on minimal deal’s volume you can trade according to the principle “risk=profit”, when you define the volume of your investments. The work on the live account lets you to understand and learn more in comparison with DEMO-account, doesn’t matter how serious you take the virtual trading. Working with real, even minimal funds, you start to feel the connection between your profit and currency movements. This experience is very important for raising to the next level of trader’s development.3 Step. Professional work.After having got all necessary knowledge, trader is able to work independently on the currency market, using his own or borrowed trading strategies for getting profit on currency movements. Professional trader indicates the style of his trading and chooses trading tools which are more suitable for his strategy. Not all the new coming traders are able to reach this level, but InstaForex company guaranties that our team bends every effort in order to help every client to go forward and get the full support when any problems exist.