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Forex Education - Why You Should Not Try and Predict Prices

Monday, February 25, 2008

One of the most important points you need to learn in terms of basic forex education is - that if you want to win at forex trading, do not make the mistake of trying to predict prices in advance, if you do you will lose. Here we will explain why and give a better way to trade.

We don't know the future and if you try predicting it or forex prices you are simply hoping or guessing and that will not get you anywhere in life and certainly not in forex trading.

Most traders make this mistake when trading:

They spot prices moving to a support or resistance level and then simply jump in the market and execute their trading signal - this is totally wrong and is guaranteed to lose you money over time.

Why?

Well if the price is moving to support and the trend is down why anticipate?

What you should do is waiting for prices to come to support and then start moving away - this is the correct time to execute your trading signal and to do this properly you need to learn about momentum oscillators which will help you determine when price momentum is moving in your favour.

We have written numerous articles on the use of these, so look them up and if you want to look at some good ones check out the Relative Strength Index and the stochastic, there excellent simple indicators you can learn to use in 30 minutes which is time well spent!

REMEMBER THIS:

Trading is a game of odds and to get the odds on your side, you should always trade with momentum on your side.

Do not believe the far out investment crowd who tell you there is a scientific formula for market movement - there isn't

If there was we would all know the price in advance and there would be no market!

There are many vendors selling forex trading systems based upon the works of - Fibonacci, Elliot and Gann and they didn't make any money for them and won't make money for you.

If you want to trade forex successfully then as part of your forex education you must learn how to confirm your trading signals with momentum indicators. If you do, you will have a head start on your way to forex trading success.

Forex Trading – Three Signs Your Position Is About To Be Overrun

Gaps are tough in the Forex. Since the markets are open 24 hours a day, without breaks. Take a look on an “intra-day” time frame (64/32 minute)- if you see gaps on these bars, take note of the direction. If price is gapping in your direction, fine. If price is gapping opposite your bet,m you may have an early sign of a change or pattern break. If you're not in a positipon, but are planning an entry, use a “Rest-Pause” technique.

Here's an example of how it works: You see a possible entry into the Pound/US dollar pair, you've calculated your risk, your profit targets are marked on the chart, and you are ready to pull the trigger. Then you look at the intra-day trading and see... gaps. Upside, downside, they're all over the place! Now what you do is... wait. Hold your order for 3-5 minutes before actually calling your order desk or entering the order into your dealing desk.

This goes double for you intra-day traders. If you're feeling like “I've just gotta get in before this gets away from me!”, you need to take your calculations, then Rest-Pause for 3-5 minutes. Your emotions will cool and you might find a few entries that were more wishful thinking than high-probability. (A good kitchen timer can help to keep you more honest!)

A wide range bar is another good sign that your position is about to be overrun. First, you've got to know your average daily range. Second, you have to calculate your entry point(s) ahead of time. If you see daily bars exceeding the average range, expect your entry target to go to the full 1.618 extension.

Sometimes, you'll see that the market is near a target for entry, and the 24 hour period closes at the extreme top or bottom. That is an indication of strength (close at the top) or weakness (close at the bottom). Expect to see several tail closes one after the other as price builds momentum.

Forex Training Course: Currency Trading Can Be Fun And Profitable

Online forex trading is one of the hottest investment opportunities around simply due to the fact that it’s a market where people can get very rich in a short amount of time. While standard exchanges (like the New York Stock Market) are open for specific periods of time, the global forex exchange is hopping with activity around the clock.

This makes trading available to most people who have to work a full-time job and juggle other responsibilities. Trades can be made at the crack of dawn, during lunch and even in the midnight hour. How’s that for flexibility?

Foreign currency exchange trading has attracted this kind of buzz, because of all those stories making the rounds about people literally becoming wealthy after making a few lucky trades. I mean, the thought of having thousands of dollars flooding into your bank account is enough to make anybody giddy.

Can the average person really make this kind of money in forex?

Sure, you can absolutely make a bundle.

You can do this by learning how to study the currency market and pick out winners. However, you won’t make a dime without some serious study on how this market works, or before getting lots of practice in making trades.

Was that a buzz kill?

Hope not. I’m just splashing a little cold water in your face to keep you from getting overly excited. Listen, the truth is that online forex trading can be compared to gambling in Vegas. Picture having that cash just burning in your hot little hands. You’re sitting at your computer admiring all those graphs and charts for various currencies: dollar, yen, euro, etc.

Even though you just recently learned what forex is, you’re practically jumping out of your chair looking to make a trade on that hot tip you got from a forex insider. Yeah, that money is just burning in your pocket, and you figure the rent and bills can wait for now, because you’ve got a sure winner – you’re gonna make big moolah!

Okay, this is where excited new traders bet the rent money and then . . . lose every single penny.

Ouch. That’s gotta hurt.

Meanwhile, experienced traders are happily counting the profits they made on that hot tip. The new traders are big losers because they didn’t take the time to learn how to make wise trades in this very complex market. Yes, forex is exciting, but you can easily lose your life savings with too many bad trades.

A common mistake that many newbies make is that they invest for emotional reasons – fun, excitement, greed, desperation or even revenge. One thing you need to learn right now before you go any further is that you should NEVER make one single trade based on pure emotion. If you do, you might as well be sitting at the slot machine, endlessly popping in money, hoping that you’ll hit that elusive jackpot.

The best traders are cool as a cucumber when making decisions on what to put their money on.

So, of course, forex online trading is going to be very profitable for those who learn how to study the market and make smart and informed decisions based on good analysis and judgment. This will get you a lot further than throwing good money away on a hunch. You also need to use common sense. There are plenty of stories about people who have lost their life savings because they made bad decisions and bad trades.

Most successful forex traders risk no more than 2-3% of their trading account - even on a good tip. You see the way to get rich in forex is to learn how to make good trades, learn when to get out and take your profits, then use those profits to make more trades, and so on and so on. This way, you are building wealth the smart way and you won’t be gambling with money you need for rent, food and expenses.

Aha!

That’s how they do it. A good forex training course will teach you how to make successful trades the slow and easy way. The learning curve is steep in currency trading and you don’t need to rush. In fact, it’s highly recommended that you use a demo trading account while you are learning forex so that you can see exactly what you are doing right when you make money, as well as, what you are doing wrong when you lose money – without risking a dime.

This learning experience will be invaluable to you, because when you do start using real money to make trades, you’ll know what you’re doing and will have a cool head and steady hand. If you choose to follow the example of the 10% of successful forex investors, you will soon find yourself basking in the glow of a new lifestyle.

Learn To Trade The Forex: Forex Online Trading Systems Can Make You Rich

Foreign currency exchange trading (Forex) is creating a lot of buzz in investment circles, because it’s making many people very wealthy. Unlike the New York Stock Exchange, the forex market is open twenty-four hours a day. You can literally trade from sun up to sun down.

This is great news for anyone who has a job and other daily responsibilities. You can trade after work, or early in the morning at the crack of dawn. How often you trade and the time of day you choose is totally up to you.

The reason why so many people want to learn how to trade forex is because they hear stories about average folks, who have become forex traders, putting some money into a few good trades and making themselves a bundle – we’re talking thousands of dollars.

Is this kind of success in currency trading possible for you?

Yes, and no.

Yes, it is absolutely possible for you to learn how to analyze the market and pick winning trades. However, this success will not come overnight and will not come without some study and practice on your part.

Was that a buzz kill?

I hope not. It’s just a little cold water being splashed in your face. Look, online forex trading can be a little like gambling in Vegas. You’ve got your cash on hand, you’re sitting there at your computer looking at all the charts and currencies: dollar, yen, euro, etc.

You’re just itching to make some trades and even though you’re still green under the gills, you’re ready to jump in on that hot tip you got from your fellow trading buddy. The rent money’s due and you’ve got bills to pay, but you just know that if you make this one trade - you’ll make big bank!

Okay, this is where the excited new traders get happy, go all in and then . . . lose lots of money they can’t afford.

That’s right. While experienced traders are making nice profits on that hot tip, the newbies are getting wiped out clean, because they really don’t know what they’re doing and are betting their hard earned cash based on pure emotions. The first thing you need to learn about trading currencies is that you should NEVER make a trade like a gambler sitting at a roulette table letting it all ride on red.

The best traders are the ones that know how to keep their cool.

The best traders also learn how to read the forex news and analyze what trades they think are best given certain market conditions. Another golden tip is that you should never invest money that you need to keep a roof over your head, food in the fridge and the lights on at home. People who do this are gamblers and we already know that gamblers lose most of the time.

Successful traders have learned to risk no more than 2-3% of their total trading account. So, while they may make thousands, these investors have learned how to build on their success. When you have a winning trade, you take that money and invest it again and again.

To be safe, while you are learning how to trade in the forex market, you shouldn’t use real money period. You can open a demo trading account and make your trades without risking a cent. This way, when you lose, you can study that mistake and try to correct it. While all investors, even successful ones, lose money, you’ll be learning how to minimize your losses and increase your winning trades.

A good online forex trading system will show you the ropes and teach you how to look at trends and study market movement. You’ll also learn how to put in a strategic stop loss to keep you from losing too much money when the market goes against you.

When the time is right, and you are confident you can trade successfully (with a cool head) using real money, then jump in and go for the gusto!

Forex Trading System - A Free, Proven System That's Profitable

In this article we will look at a free system that's used by some of the world's top traders and it's proven to make profits. If you use this system you will beat 99% of the forex trading systems sold by vendors online, so let's look at it.

The forex trading system were going to look at was devised by a trading legend - Richard Donchian who is considered the father of modern trend following and is considered a trading legend and has influenced such great traders as Richard Dennis and countless others.

The system is Richard Donchian's 4 week rule.

He originally devised it to trade commodities in the seventies but it's very useful for forex trading because it works well in trending markets and forex markets are great for long term trends. The system is incredibly simple but don't let that put you off, it makes money! The system is very robust and based on timeless logic.

It's a well known fact that the best forex trading systems are simple, as they are more robust than complicated ones that have too many elements to break.

Here are the rules:

1) Close short positions and go take a long position when a price exceeds the highs of the previous 4 weeks.

2) Close long positions and take a short position when a price falls below the lows of the previous 4 weeks.

Thats it!

Now the above will work very well in any trending market but in sideways markets it will get chopped about so you may want to consider a filter to take this into account.

The filter is to enter on the 4 week rule - but exit the position on a shorter time frame and go flat. 1 or 2 week cycles could be used for this; you would then simply re enter on the next 4 week signal.

Now you can test the above system and you will see it works but most traders wont bother using it - Why? Because it takes tremendous discipline to execute it and it's not a system that is particularly worried about price entry levels and most traders are obsessed with this.

It's also very often buying breakouts and most traders hate doing this because they would rather wait for the pullback, this is despite the fact most major trends start from new market highs NOT market lows.

Another problem is traders think it's too simple and prefer trendy systems which are more complicated (which don't work) this system doesn't have the buzz factor of being based on artificial intelligence or a neural network despite the fact it will beat most if not all of them longer term.

The pro traders however know its value and many systems by the great traders over the years have used it as a base - including the legendary turtle traders, who made $100 million in 4 years, with no prior trading experience. So yes it is simple but that doesn't mean it doesn't work it does.

Test it and you will see, so now you have a free forex trading system which since inception, has made traders hundreds of millions of dollars and could make some profits for you to.

Forex Trading Tip - 3 Tips to Super Charge Your Profits

The forex trading tip enclosed is all about increasing your profitability and there logical, easy to apply and work. So here are your 3 trading tips, to increase the profitability of your forex trading strategy.

1. Learn The 80 - 20 Rule

It's a fact that in many areas of business work etc that 80% of your profits come from 20% of your efforts and it's also true in forex trading.

Most traders over trade and trade for the sake of trading, they think that if their not trading they will miss a move or the more they trade the better and this is not true. What you need to do is:

Cut you're trading dramatically and only focus on the high odds set ups. I know traders who trade less than once a month but earn triple digit profits. They know trading frequency has nothing to do with forex trading success and you should learn this to.

2. Don't Diversify

Diversification is seen as a way to cut risk - that's only true if you diversify into good high odds trades, but most traders think they should trade a spread of positions, take marginal trades but all that does is dilute profit potential.

Most forex trader's accounts are so small they simply can't diversify and have meaningful gains. No you need to concentrate on high odds trades and then use the next tip to milk them for all their worth.

3. Load up The Risk Reward

How many times do you read that you should only risk 2% per trade well for a small forex account of say $5,000 you wont make much doing that that's $100!

No you need to risk up to 20% on the high odds set ups - if you don't take a risk, you won't make big gains, its as simple as that.

You are not being rash, you are taking a calculated risk based upon the odds and like a good card player, you are going to load up your trade.

The tips above are simple and mean that you have to see forex trading for what it is a high risk - high return odds based game, where you need to be patient, to wait for the right trades and when you see them - hit them hard.

Think about the above simple forex tips and you will see they make total sense.

They will help you enhance your forex trading strategy and enjoy forex trading success.

Currency Trading Basics - Answer This Question Correctly or Lose Your Equity

Here we are going to look at currency trading basics and one specific question any novice forex trader must answer correctly, if they are going to win with their forex trading strategy, so here it is...

My trading edge over the 95% if traders who lose is (defined)

To win you need to have a trading edge - it's as simple as that. Here are some answers the bulk of losers will give and they will all see you lose

- I intend to use a forex day trading or scalping method

- I am going to blindly trade a vendors system

- I like to take expert opinion and trade the news

- I have a forex trading system that can predict forex prices

- I believe the markets move to a scientific formula and will take advantage of one

- I have a complicated system that I have refined in back testing

- I am simply going to buy into support and sell into resistance

All the above do NOT constitute and edge and will see you fail at forex trading - keep in mind 95% of traders lose!

If you learn anything in your forex education it should be that forex trading is not as simple as it first appears and to learn currency trading correctly you must end up with an edge that you can define - no two peoples edges are identical but successful traders know what it is and why it gives them an advantage and they have the confidence to apply it with rigid discipline.

Lets first start with a fact - forex trading is an odds game not a game of certainties.

There is no scientific method to help you determine prices in advance.

If there was we would all know the price and there would be no market! Furthermore, if you try and predict forex prices, you will lose because you are simply hoping and guessing and you should really be trading the reality and confirming every trading signal before executing.

Forget complicated trading system!

Simple systems work best as they are more robust in the face of brutal ever changing market conditions and have fewer elements to break.

Forget the news its just stories.

The news reflects the emotions of the losing majority and if you get involved in trying to follow it, you will lose.

You need to trade the odds to enjoy currency trading success.

The best way is to use forex charts, where you can simply see the reality of price change and you can either forex swing trade or trend follow - but never day trade!

Day trading is the best way to lose money out and doesn't work in the real world.

Forget all the gurus out there with their regular income systems and simulated track records; it's a loser's game.

Forex trading is a combination of a simple forex trading system; you totally understand this then allows you to execute it with discipline.

If you don't have the confidence in your system you will never have the discipline to follow it and these traits come from understanding and knowing a trading edge.

So there you have it perhaps the most important point of currency trading basics to learn but if you do and apply what we have written you could enjoy huge forex success

Learn Currency Trading - 5 Common Deadly Mistakes

If you want to learn currency trading you need to get the right forex education and avoid the mistakes of the losing majority. The mistakes below are common ones but there easy to avoid and you must do so if you want to enjoy currency trading success.

1. Following a Vendor Blindly

One of the most common errors is to think someone else can give you success - they can't.

Most systems sold are junk - but even if you do find a good one, how can you follow it with discipline if you don't know how it works?

You cant to have discipline to follow a system you must have confidence in it so you need to take the time to develop your own trading system or have total confidence in someone else's logic.

2. Trading News Stories

We have more news at our disposal than ever before and all those stories are very convincing - but that's all they are stories. The news reflects the greed and fear of the crowd and they lose longer term - try and trade news stories and you are guaranteed to lose as well.

The best way for any novice to trade is to simply follow the reality of price action on a forex chart and trade it - your trading the truth not an opinion and that is the only way to win.

3. Day Trading

Simply the dumbest way to trade.

It doesn't work as all short term volatility is random and you can't get the odds in your favour.

Don't believe me?

Try and find a forex day trader with a real ( not simulated ) track record that's made real dollars over the long term. Let me know if you find one I have been searching for 25 years and still not found one!

Avoid day trading at all costs!

4. Trying to Predict Forex Prices

If you try and predict prices in advance you're hoping or guessing and that won't get you anywhere in life and certainly not forex trading.

You must not predict wait for momentum to confirm a turn and you can look up how to do this in our other articles - it is essential to confirm a price turn, rather than simply guess when it might come.

5. Markets are Scientific

It's amazing how many people buy into this myth yet it's obviously not true.

Why?

Because if prices did move to a scientific theory, there would be no market, as we would all know the price beforehand and there would be no market. The reason a market moves is because we all have different opinions of where the price may go.

The far out investment crowd love scientific theories and like to follow the works and methods of gurus such as:

Gann, Elliot and Fibonacci.

Well they made no money with their theories in forex trading and neither will you.

So if you want to learn currency trading correctly avoid the common mistakes enclosed and work and getting a simple forex trading system which will help you trade the odds, you can understand and can apply with discipline.

If you learn currency trading the correct way ( and 95% of traders don't ), then you can enjoy currency trading success and create a life changing income - good luck

What's HOT And NOT In A Forex Trader

As we all know, this subject is something that we could all use a little education on no matter who you are.

Here are the characteristics of successful FOREX trading

1. Successful FOREX trader cultivate to have absolute handling over their emotions. They will never get too excited over a win or too depressed over a lost.

2. Successful FOREX trader do not panic. They will make evolutionary adjustments and not revolutionary changes to their trading style.

In the introduction, we saw how this subject can be beneficial to anyone. We will continue by explaining the basics of this topic.

3. Successful merchants discuss trading as a commerce and not a hobby.

4. Successful FOREX merchants are ready for all eventualities on any given trading day. They come to work with a proposal that includes many contingencies and not just what they hope the outcome will be.

They already have solutions to these eventualities. What happens if

- The market is very subdued?

- The market is dangerous?

- The market goes up early and reverses later?

- The market goes down early and reverses later?

5. Successful FOREX trader trade only with money he can afford to lose.

You don't have the profile of successful trader if some of the above qualities don't sound like you. FOREX trading depends on your skills and not luck. FOREX is the prime market nowadays, triumph a daily amount of 3 trillion dollars around the world. That means that there is no single participant in the market; banks and governments included, who can consistently move the direction on the way they wants. You must have skills to forecast which track the market are actually going in few days or months.

Another important key to successful FOREX trading is to get a genuine and correct FOREX trading platform that is painless to control.

Dangers Of Forex Trading

There are dangers in FOREX trading if you used the wrong tools and wrong knowledge. The solution for this is to open a mini account first to see whether you're really suitable to play FOREX. You can open mini accounts for just $50. If you find that it is not suitable, you can leave the market. All you've to lose is just $50. If it is suitable, you can win not only $50 but $100 as well.

FOREX is very volatile and risky and you need the right tools, strategies and knowledge to increase your probabilities of winning substantially. In other words, there will be lots of dangers in FOREX trading if you did not use the right tools and knowledge. This is whether online FOREX trading came in.

Let's look at the benefit of trading FOREX online. Accessibility is the first advantage. You're able to trade FOREX 24 hours a day. Transactions can be effortlessly handled through websites planned for this tenacity.

Another vast benefit you can get is there is no commission fee. This means you can cut down transaction expenses with online trading. Other market such as share market needs brokerage fees, the FOREX market is a worldwide inter-bank. Trades can be made between the buyer and sellers in any moment.

When choosing a online FOREX trading, look for the platform that has the most competitive spreads. Currencies are generally traded in pairs of ask bid price. For example of AUS/USD 1.3345/1.3350, the FOREX estimate here means you can buy 1 Aussie money with 1.3350 USD or retail 1 Aussie 1.3345, and the spread is (1.3350 - 1.3345) which equals to 0.0005 and equivalent to 5 pips. FOREX platforms regularly do not charge commissions on investors' trades because they are making money from the spreads. So, it is better if the platform offers more competitive spreads.

Another danger of FOREX trading is some platforms have high spreads and this will expand your trading expenses. Also, some online FOREX trading platform has concealed expenses. So, select tenderly which online platform you want to go before investing your money there.

Your Must-Know Guide To Choose A Genuine Online Trading Forex

The point of this article is to help you to the next level and show you what this amazing subject has to offer.

You can get tons of online trading FOREX on the Internet but which one is the truly genuine online trading FOREX? Investing your money on the dishonest online trading FOREX and your hard earned money will be a sunk cost. They are a lot of frauds on internet these years and we must be above shrewd when selecting an online trading FOREX.

Once you're convinced that it is a genuine online trading FOREX, you must evaluate how good are their offer. Do they have unknown expenses? Do they have experts to help you? Are they giving you the techniques and strategies of trading FOREX online for free? These are all the important questions you want to ask manually before selecting a great and genuine online trading FOREX. If workable, find a genuine online trading platform that you can immediately register, deposit and begin trading

If workable, find an online FOREX trading where you do not have to download any soft wares. Soft wares will take you time to download and you will have to consume more time learning its functions. Find an online FOREX which will bestow you with sufficient tools once you're registered. You also need to check whether they have any unknown expenses. Look whether there is any commission charged on trading and on your profit withdrawals. Find a FOREX trading platform which has a low competitive spreads.

In the beginning of this article, we went over the basics. Now, we will look at this topic a little more in-depth.

Select your FOREX platform prudently or you'll exhaust your money and time. Some online trading FOREX have unknown expenses that are totally costly if you're not shrewd. You'll even take days to learn about their functions if you choose a wrong online trading FOREX. You need to know the features of genuine online trading FOREX before putting your money inside.

Seeing is believing, but sometimes we cant all experience every subject in life. This article hopes to make up for that by providing you with a valuable resource of information on this topic.

What's HOT And NOT In Choosing An Online Forex Trading Platform

Open a tiny online FOREX trading platform account first before considering of gaming big if you're a beginner. FOREX trading is risky if you don't have enough experience. If your plan is to get some experience and not interested in making big investment yet, you can begin by investing $50 - $100 first and see how it goes. Opening to trade with such small amounts is the best way to get use to FOREX marketplace. It is greatly better than working demo accounts, where you're not truly risking your money and there are no gain at all with these accounts.

You can begin an online FOREX trading platform account and some website let you start on as little as $50. Do not laugh minuscule accounts are a good strategy to get your feet wet before taking a bath. Other than that, you can begin trading in fewer than 5 minutes. You can immediately sign up, deposit the margins of the trade and start to trade.

What an exciting way to begin this article, now lets take a look at what else we can learn about this topic!

Mini accounts are a great way to start and develop your necessary trading expertise. Trading with small amounts is greatly more decisive than paper trading. Get a FOREX trading platform with competitive spreads. This way will reduce your FOREX trading expenses. It can be as low as 3 pips, depending on how greatly you want to trade.

I would want to give a few tips before you start an online FOREX trading account. Everyone is emotionally close to their money. While you're trading, try to control your emotions, you must get an approach of emotional detachment from your FOREX trading account. Otherwise, each sour trade will crawl you with stress, anxiety and dread. Just be calm when you trade and you can do greatly better.

It is little things, such as this, that may aid you in your search. So, sit down and decide which avenue would be best for you to take.

Risk Factor In Stock Trading

One thing you must understand is that there are methods and strategies to solving problems and finding successful solutions. History is filled with incidents where leaders and common citizens alike have been faced with decision-making that involved some type of risks. Not all risks are negative, actually you make certain decisions in hopes of risking a positive outcome, knowing there may be a sacrifice in the long run. When King Edward VIII decided to marry an American commoner who also happened to be a divorcee, he risked giving up his claim to the thrown of Great Britain. In 1936, he abdicated the thrown for love and what he hoped would be a happily-ever-after marriage. He was taking a risk. What if a bus had hit her on the day after their marriage? No one can predict fate, not even the specialists at NYSE, or the market makers at NASDAQ, and certainly not you.

The bottom line is this � most people would rather risk their hearts, their credit, homes, lives, anything than money. Hard to believe? Think about it.

Each time you use your home as collateral for a loan, you are risking the very home you live in. Every time you fill out an application for a new credit card, you are taking a risk that nothing will happen to keep you from paying back that loan. Ever been laid off from work? If you�ve ever driven to work through snowy weather and icy roads, then you risked your life on that short trip. Ever been in a car accident? It�s no secret that hazardous weather increases the chances of an accident, and yet, more accidents occur on perfect weather days. Why? Because nothing is guaranteed. Based on all these risk taking scenarios in our lives, why is it that we seemed to cringe more at the thought of entering the stock market for the first time, or taking more of an active role with higher risks, even as a day trader?

One possible reason is money. Stock trading is perceived as gambling since the wagering risk is real capital. Another common aspect is the concealment of emotion. If you�ve ever watched an old U.S. western movie, then you�ve probably seen the cowboys playing a poker game as the camera swerves to carefully scrutinize each player�s face. The best players always keep a straight face, never revealing a good hand, a bad hand, or a decent draw. If you intend to play in the stock market, you�ve got to do the same.

The catalyst of stock trading is the extraordinary possibility of obtaining lots of money very quickly without having to labor your life away. It represents many American dreams and inspires our passions for taking unusual risks. Unlike gambling which only requires dumb luck, stock trading involves technical knowledge of the investment markets, emotional control, strategic maneuvers, ability to make historical predictions, and above all experience. When dealing with risk, the key isn�t having the guts to take a huge leap, but rather assessing the risk and managing it through a planned strategy. Never enter into a trade that will provide a poor risk-to-reward ratio. Weigh your costs as opposed to what you expect to earn in the process.

In other words, risking two points to gain half a point isn�t worth it. Pay attention to what�s happening in the market. When the market appears to be extremely strong, it may seem to be a good idea to jump on for the long ride or else miss out, but what you might actually experience is a sharp plummet. Historically this has been the case for many different investments. If everyone is taking a long position, then they are very confident and expect the market to soar even higher. To make this happen, more buyers need to enter the market. The reality is, if everyone is on the long side, then that doesn�t leave many people left to buy.

Candlestick Patterns in a Bear Market

As we entered into 2008 with the worst start to a trading year in history, traders still remained conflicted as to whether or not we were entering into a bear market. Last week, the numbers of our economic situation became clear, as we experienced a second month of lowered GDP growth – meaning we are one month away from being in an “official” economic recession.

With that said, a bear market may certainly be on the horizon – and many charts on traders’ screens in America are showing bearish patterns. Utilizing candlestick charts can provide you with a dynamic alternative to bar charts. There are several common bearish candlestick patterns that have either emerged – or are on the verge of emerging – in our current market:

• Evening star – The evening star is easy to identify in a bearish market. Upon opening, the candle pattern occurs below the previous session’s small real body, which may be either green or red. In addition, in comparison to two trading sessions prior, the evening star will close deeply into the real body. The evening star symbolizes the loss of investor confidence, and with another session in the red, the pattern is confirmed.

• Engulfing pattern – The engulfing pattern turns into an uptrend during a bear market. The red, real body becomes elongated, engulfing the green, smaller real body.

• Harami – Spotting a harami in a bear market is easy. The small red real body will be completely encompassed by the previous trading session’s real body. With this signal, you must watch the pattern closely. In a bear market, the harami indicates that the current uptrend is coming to an end – especially if there is low volume.

• Harami Cross – During a bear market, the harami cross involves a harami pattern – however, the doji will replace the small real body in the next trading day. The doji that appears will be contained within the previous session’s real body. Similar to the standard harami, the trend is initially visible, but the volume will flat line during the trading session – closing at the same price as opening.

Candlestick patterns contribute an additional dimension to the standard bar charts, and interestingly, reading candlestick charts has prevailed through hundreds of years – starting with the Japanese rice speculators. When you are entering into a bear market, candlestick charts can detect the potential reversals, bottoms, and ceilings – giving you a technical edge in a turbulent market.

Confidence and Money Management

Most people are used to having a paycheck, or having production schedules, or income projections based on population growth. When you start trading, though, whatever you used as a benchmark is gone. Sayonara. In the end though, those were just guesses too.

Following a process while trading will give you confidence- a crutch, if you will – in your long term success just like your old estimates of savings growth did. Over time, your long-term anxiety will go down and your confidence in the process will be built up. All you have to do is follow the steps.

Eventually, you'll learn to trust yourself. This comes from the hard work of doing retracements on old data, or live trading in a demo account. You don't get that confidence from trading on paper, and you especially dont get it from doing it just in your head. Trust in yourself in this fashion will allow you to act in your own favor. Your trades will become both quicker, and more profitable.

Managing your money, and managing your risk are your number 1 priorities- not your patterns, luck, or ego. There's an old saying among commodity traders: Take care of the losses, and the profits will take care of themselves. This is a process of making money, not of being right or wrong. It's not a mistake to be wrong... It's a mistake to stay wrong, and lose money.

Never expose yourself to unlimited risk by not placing a stop. A stop protects you from yourself. When you get scared, you'll start to get tunnel vision- you may start to fool yourself and do really stupid stuff. A good example of this is when your ability to make decisions is compromised(Like when the market scares the piss out of you by reversing on a new position).

Over time, if you develop your discipline, you will be able to keep your focus on your investment plan. And your focus will be kept away from the conflict and conditions of the market.

A Page for Your Trader’s Handbook

Here are five things that you NEED to know about trading:

1. If you don’t know what you’re risking…you’re all in!

2. Three easy steps to develop consistent, confident trading

3. Trust yourself. This comes from doing the “hand work” of drawing retracements “back in time”, demo trading in a live demo account (not just on paper, and especially not just in your head). Trusting yourself in this fashion will allow you to act in your favor…quickly and profitably.

4. Follow the steps! This will build your confidence in the process and your long-term anxiety will go down. Remember, you’re used to getting a paycheck, or having production schedules, or income projections based on population growth…whatever you used to use as an income benchmark is gone, bye-bye, sayonara baby! But in the end, weren’t those just guesses? Following the process will give you confidence – a crutch if you will – in your long-term success just like your old “crutches” did.

5. If you have a trigger…follow it! That’s why you’re using a demo account, at first. Remember:
a. Look for the pattern
b. Look for the ratio
c. Look for the risk

Here’s a list, in no particular order, for your ‘trader’s handbook’:

1. Probabilities are King! The market is going to do, well, whatever the hell it wants to do. Don’t get caught trying to “out-think” or “out-maneuver” the market. No method is going to tell you what will happen next, so take each trade as it comes – and know that your profits are in the ‘long pull’.

2. If you’re scared, you get tunnel vision. You start acting like a caged animal, men will reach physically, women (typically) with heightened emotion.. you’ll start to fool yourself and doing really stupid stuff. Don’t trade scared.

3. It is not a mistake being wrong…only staying wrong.

4. Managing your money (risk) is your #1 priority…not your patterns, not your “luck”, not your ego. Never, ever let yourself be exposed to unlimited risk by not placing a stop. Remember: a stop protects you from yourself…your inability to make good decisions – like when the market scares the piss out of you by instantly reversing against your new position.

5. If you haven’t calculated the risk - don’t get in the trade.

6. If you find yourself saying “If the market can only come back to X, I’ll get out” – just get the hell out…if you’re wrong. Don’t be stupid and stay wrong.

7. There is an old saying among commodity traders: “Take care of the losses, and the profits will take care of themselves”. This is a process of making money, not of being right or wrong.

8. Write your rules in pen, and your observations with a pencil (but know when to break the rules!).

9. Develop your discipline…that way you can keep your focus on the plan, not the conflict of the market.

Getting Out Of The Way – Stop Management for Traders

Stop management is a big issue for some traders. Here are some suggestions for managing stops that have been proven to work. Some i've used, some not.

The first is a time based stop. For example, if the position hasnt show a profit in 3 days, exit. Intra-day trades might be 2-3 hours.

A percent retracement stop, as the name implies, is a stop triggered by a set percentage (5%, 2%, .5%, etc.) from the entry and/or the new highs/lows. In an uptrending market, the trailing stop is recalculated, to make a new high. In a downtrending market, the price is recalculated as price makes new lows.

A volatility stop is designed to compensate for noise in the market- like bollenger bands. There are two main variables to think about: how many bars to consider for your stop, and what multiple you are going to use. The number of bars, or range, is needed to determine the average distance the market moves(high to low). The range then becomes normal. The multiplier is then used to trigger a price that is not normal. The short entry stop is the lowest close added to your range times your multiplier, and the long entry stop is the highest close minus your range times your multipler.

A pivot stop is a favorite of mine, and is based on finding support and resistance levels called “Logical Points”. Using these points can, however, lead to taking too much risk. Or missing trades, because the risk is too high.

Don't find yourself waiting for a good time to get out- get out if you're wrong. Don't be stupid and stay wrong. Once in a position, you may also want to monitor momentum. If there's a drop in momentum, it may signal a possible exit.

You should always have written exits, and always use stops. Which you use will be up to your trading strategy, but they have to be in place.

High Return Investments - A Buy and Hold Strategy For Big Gains

Here we will outline a simple investment, that’s low risk and has the potential to make 30 – 50% annual gains and finally, it’s simple to understand, easy to do and requires only a low minimum investment to get started.

The US Dollar is suffering from sluggish economic growth and debt and is set to fall which has been the story for the last few years. This strategy is simply to buy and hold two currencies against the dollar – the Australian and Canadian Dollar.
Your not going to trade in and out all the time, this is a strategy for the patient trader and when this trade is entered it can be left for years.
Your buying and holding for the longer term. Before we look at the potential gains lets look at opening a currency account and taking advantage of leverage to improve profit potential

Opening an account

Today you can open one online and you only need a few hundred dollars. Most brokers will give you 100:1 leverage so if you deposit $1,000 you can trade $100,000 if you wish.
This is a buy and hold strategy and you wouldn’t want to over do leverage and 10:1 leverage would give you the chance to easily target 50% + per annum. If you look at the price rises in these currencies over the last 5 years you will see this is a realistic target

50% Per Annum Capital Growth Potential

So why should these currencies continue with their bull run against the dollar?
Quite simply there economies are in better shape and booming while the US economy is sluggish and may even slip into recession and furthermore the US dollar is more affected by world volatility and political factors than ever before.

Another major factor is the boom in commodity prices that has taken place in recent years as India and China push prices up with their ever rising demand and spectacular economic growth.

Canada and Australia are exporting commodity nations and the US is a net importer.
Commodity price rises obviously support exporting nations currencies but hurt importing nations like the US. The trend that has been in place for the last few years of dollar declines against the above currencies looks set to continue.
Although you have to careful with your timing, a simple buy and hold strategy will do well longer term and represents a great diversification from volatile stocks.

If you want a high return investment, that’s simple to understand easy to do and provides diversification then this one provides it.

Mutual Funds vs. ETFs Part One

Mutual funds are a traditional component of most investors portfolios, but exchanged traded funds, or ETFs, have been gaining popularity over the past decade as well. In recent years, more investors, brokers, and financial advisors have been using ETFs, and they have been included in many company retirement plans. The security, as well as the traditional aspect of mutual funds, and their stable reputation, however, still carry a wide appeal for many investors. This article can help you determine which type of fund is best for you and your investment options.

Like traditional mutual funds, ETFs contain many securities, or stocks and bonds. The difference between these and mutual funds lies chiefly in the way that investors can buy and sell shares, since when ETF investors wish to redeem their fund shares, they are required to trade with other market investors, and this requires the use of a broker who can help you decide which option is a better fit.

Exchange traded funds are both priced and traded on an exchange, either, the American Stock Exchange, the New York Stock Exchange, or the Nasdaq, throughout the course of the business day in the same manner as stocks. Traditional mutual fund prices are set once a day, and investors are required to place their orders before a certain time in order to get the price of the day. With ETFs, unlike mutual funds you can use these funds the same way that you would a share of stock, including setting market and limit orders, buying on margin, and shorting.

Since ETFs must be traded with other market participants, ETFs generally have two prices the net value, or NAV, which is determined on a daily basis based on the ending value of both its portfolio and accrued expenses, and its share price, which is determined by the ETFs supply and demand profile in the market.

Although ETFs are not immune from taxes, the good news is that they are structured to enable investors to shield themselves from capital gains better than they would with conventional funds. Since ETFs are index funds, they typically trade at a lower value than most actively managed funds and in most cases, should generate fewer capital gains. And since most investors frequently buy and sell shares of ETFs with other investors, the ETF manager does not have to worry about selling holdings, which can trigger capital gains, in order to meet investor redemptions.

Understanding Exchange Traded Funds ETFs

A few years ago there were only a handful of Exchange traded funds. Today there are over 500 ETFs covering many different segments of both the domestic and foreign markets. Understanding the differences in Exchange Traded Funds and Mutual Funds will help you in your long term investment strategy.

Exchange Traded Funds:
*Are listed on the various stock exchanges and trade just like a stock
*They are priced continuously throughout the trading day
*ETFs can be sold short
*You pay a commission when buying and selling just like when buying an individual stock.

ETFs offer all of the advantages of a mutual fund without some of the disadvantages:

Diversification:
A typical ETF will hold many individual stocks within its portfolio.

Professional Management:
ETFs are managed by highly professional investment specialist that make the buy and sell decisions for their individual ETF portfolios.

Economies of Scale:
ETFs take advantage of their size to minimize transaction cost associated with buying and selling individual stocks within their respective portfolios.

Advantages over Mutual Funds:
With ETFs there are no minimum holding periods and no early redemption fees.

Types of Exchange Traded Funds:
*Growth oriented (Smaller growth stocks)
*Value oriented (Large cap value stocks)
*Income oriented (Bond funds or dividend paying stocks)
*Specific country focused (China, Singapore, Germany, etc.)
*Regional focused (Latin America, Europe, Asia, etc)
*Foreign exchange (forex related vs. the U.S. Dollar)
*Specific market segments (energy, healthcare, consumer products, etc.)
*Precious Metals (Gold, silver, etc.)

How to build an Exchange Traded Funds ETF Portfolio
*You could buy and hold a diverse number of individual ETFs. While this would give you good diversification there is a better way to invest in Exchange Traded Funds to maximize your return invesment.
*The preferred alternative is to follow a time-tested system for buying and selling a portfolio of ETFs.

Rebound Trading Systems

With so many diverse ETFs to choose from it is important to have a sound system for building a portfolio of Exchange Traded Funds. The Rebound trading systems I have developed consistently out-perform the S&P 500 by a wide margin. To learn more visit: http://www.reboundtrading.com.

Stock Market Investing Basics for Beginners

There are several important things you should consider before you begin investing in the stock market:

First off, pay off any credit card balances and other short term loans before even considering an investment in the stock market. Also, get in the habit of paying off your entire credit card balances every month. Paying credit card companies large interest on your balances is a sure way to prevent you from building long term wealth.

Second, maximize your contributions to your company sponsored 401K or 403B plan as well as your individual IRA. You will maximize your long term wealth by investing in tax deferred plans as opposed to taxable accounts. Some companies even match a portion of their employees' investments. Your money will compound tax free until you have to begin taking mandatory distributions which start at age 70 ½ under the current tax code. Compounding your money tax tree is the best way to invest in the stock market.

Decide your stock market investing time horizon:

Now you need to consider your stock market investing time horizon and what kind of trader you'd like to be. Consider the following:

1.Scalpers: This group tries to "scalp" small profits by buying or selling frequently throughout of the day.
2.Day Traders: Similar to scalpers, this group might buy and sell the same stock as many as 50 times in one day. They try to exploit the volatility in the market.
3.Swing Traders: These traders buy and hold their positions for several weeks or several months before selling.
4.Long Term Traders: This group buys and holds their investments for many years.

For beginners, it would not be wise to try to invest in the stock market by scalping or day trading. My Rebound Trading Systems are "swing trading" systems which enable the investor to invest in the best performing segments of the stock market and then continually upgrade their holdings as market conditions change.

Look at all your investment options:

Everyone should have some money allocated to the fixed income market such as Corporate Bonds, U.S. Treasury Bonds or Notes, or CD (Certificates of Deposit). If you are in a high tax bracket, Municipal Bonds are a good alternative because the interest paid is not subject to federal income tax. Depending on your age, the percentage of your total investments allocated to fixed income should range between 20 and 40%.

Investors can invest in a mutual fund directly with the Mutual Fund Family. However, it is far better to purchase mutual funds from a discount brokerage firm that handles many different families of mutual funds. (T.D. Ameritrade, Charles Schwab, and Scottrade, are three good alternatives.) This enables the investor to trade or upgrade their mutual fund holdings between various mutual fund families by placing the order with their discount broker. Mutual Fund or ETF Trading can be done online with a very user friendly trading platform.

Tips of investing in the Stock Market:

1.Select a Broker:
Once you are ready to start investing in the stock market, you will need to set up an account with a stock broker. There are full service brokers and discount brokers. One attractive alternative is to have an auto-trade broker who will place the trades on your behalf.

a. Full Service Brokers
Full service brokers will make recommendations on what to buy. However, the individual brokers are limited to what they can recommend based largely on the firm's research recommendations. They are unable to sell you a no-load mutual fund. They sell only loaded funds that carry a large front end commission or large commission when you sell. You can develop an on-going relationship with a full service broker since you will be placing all of your trades that broker. The commissions at full service brokerage firms are significantly higher than those at a discount broker. Full service brokers include: Smith Barney, Merrill Lynch, and A.G. Edwards.

b.Discount Brokers
With a discount broker you make your own buy and sell decisions. You will be free to buy no-load mutual funds, individual stocks, and exchange traded funds. The commissions will be significantly lower than the commissions at a full service broker. While you can place your trades by telephone, you will find it much more convenient to place your trades on the discount broker's trading platform. These trading platforms are user friendly and facilitate the trading process. You can download the necessary forms to open an account and wire transfer your money to your new account. Unless you feel you need "hand holding" and are willing to pay higher commissions, I recommend you consider trading with a discount broker. Discount brokers include: T.D. Ameritrade, Charles Schwab, and Scottrade.

c.Auto-Trade Broker
If are unable or not interested in placing your own trades, an Auto-Trade Broker is a good alternative. Your commission charges will be a bit higher that with a discount broker but you will not have to check your email each evening and place your own trades. The Auto-Trade Broker gets the trading signals at the same time as the subscriber and places the trades on the behalf of the subscriber. You can always see the value of your portfolio as well as the individual holdings on the Auto-Trader's trading platform. For those who never want to miss a trade and not have to worry about placing the individual trades, an auto-trade broker is a good alternative.

2.Know the Minimum Account Size Requirement
You can purchase an Exchange Trade Fund or no-load mutual fund with as little as $1,000 to $2,500. However this would not give you much diversification. I recommend a minimum investment of $5,000 in each investment. That would equate to a minimum portfolio sized of $25,000 to $35,000 depending on which system you decide to trade. These systems could be traded with half that amount but the commission charges as a percent to the total portfolio value will naturally be higher.

3.Become Educated
I've developed a Mutual Fund Trading System that helps me buy and sell No-Load Mutual Funds and Exchange Traded Funds at a success rate that routinely beats the performance of the S&P 500. I study the market and put a lot of time and effort into my fund portfolio recommendations so you don't have to. All you need to do is buy the funds I tell you I'm buying, and sell the funds I tell you I'm selling. It is really that easy. I do not play favorites and hold on to funds that have been good to me in the past. I hold funds that make money and sell funds that don't. And I tend to be conservative in my selections because I buy the same funds I recommend to you. When fully invested I hold seven funds in the portfolio. You will keep the same number of funds in your portfolio. Subscribers should divide their total portfolio value by 7 and invest 1/7 of the total in each recommended fund. To learn more, please visit www.reboundtrading.com .

A Beginner's Guide To Mutual Fund Investing

If you are new to investing, you may have heard of mutual funds but do not know exactly what they are or how to select the right one. A mutual fund is a collective investment security, and there are many different types. It may consist of a mix of several different types of investment vehicles, such as stocks, bonds, or derivatives, or it may consist of nothing but stocks that are part of a certain sector of the economy, or it could be just bonds.

For example, there are mutual funds that consist of nothing but technology stocks. There are also funds that are comprised of stocks that have a similar market capitalization (such as mid-cap funds, large-cap funds, or small-cap funds). And some might contain several different types of securities (such as stocks, bonds, etc.) that all fall within the same risk classification (high-risk, medium-risk, low-risk).

Just like stocks, mutual funds have a price per share, also known as the Net Asset Value (NAV). The NAV is calculated by dividing the total value of the fund divided by the number of shares outstanding. As with stocks, the price fluctuates on a daily basis and it can be sold just like any other security.

When deciding what fund to invest in, you need to consider your investment goals. Are you looking for long-term capital appreciation, or would you prefer to receive immediate income from your investment? You also need to evaluate your risk tolerance. Are you willing to take a chance on a speculative fund to potentially receive a better return, or is capital preservation a high priority?

If capital preservation is your goal, then you should consider a mutual fund that consists of low risk equities and conservative bond and money market instruments. If you want a mix of investments, then you should look for a balanced fund. If you want explosive capital appreciation, then you should consider a high-risk common stock or high-yielding bond fund.

They are different than stocks when it comes to fees and expenses. As with stocks, funds are subject to capital gains taxes. But a fund is sometimes subject to a front-end and/or back-end load. If there is a front-end load, that means that a percentage of the initial investment is automatically deducted to pay for commissions to the fund. If there is a back-end load, the investor must pay a fee when the security is sold.

Also, there is a 12b-1 fee that is often deducted to pay for advertising expenses incurred for the marketing of the fund to the public. Sometimes there is no 12b-1 fee, it depends. Investors might be unaware of the 12b-1 fee because it is sometimes deducted from the share price, so in a way, it is an invisible fee.

I hope this introduction to mutual funds will help you make some decisions regarding your investments. There are literally thousands of different funds available, and brokerage houses often have their own set of funds that they create for sale to their customers. Talk to your broker and see if he or she can help you identify the best investment vehicle for you. Just make sure you review the fee structure of the mutual fund you are interested in before you invest.

Internet Home Business - 3 Block Formula to Attract Cash and Fortune

Sunday, February 24, 2008

1. Learn Technical Skills.

It is very important that you acquire dirty technical skills that is required to setup and run your internet home business.

If you donot acquire that technical know how you will have to depend and hire a techie who will do the technical setups for you.

If you are just starting out and you donot have enough funds to invest in your internet home based business then it will be extremely difficult for you to pay the techie fees.

The best option for you is to get started learning all this stuff on your own. It is easy once you have made commitment to do this starting today.

The most important technical steps that you will need to learn includes...

a. Website Design - You have to make sure that you know the basics of html and website design.

This will help you to make simple modifications in your website.

b. Website Automation - You must learn how to automate your website.

This includes setting up autoresponders, ad tracking system, order processing system, etc.

c. Website Promotion - You have to learn how to setup promotion softwares that will help you to automate your promotion stuff.

This includes how to do SEO that is search engine optimization for your website. Plus use some softwares to setup reciprocal linking campaign, etc for your site that will help you to drive tons of targeted website traffic.

2. Take Your Internet Business Seriously.

It is important that you take your internet home business seriously as you would take any offline business that you would start.

Unfortunately many newbies start their internet home business taking a chance, saying that if it works it's fine or else we will quit.

With this kind of attitude they are not committed to learn the required process to setup an internet business, they are not even ready to make any kind of time and monetary investment in their internet business.

With this kind of attitude the results are obvious, they surely fail in their internet home business and then they finally blame internet for their failure rather then blaming themselves.

3. Work Hard.

They fail to realize that like any business, internet business also requires hard work to succeed.

You have to put in efforts, work tremendously hard and invest time and money to setup an internet business.

But once everything is into place you can have money rolling into your bank account even if you are moving around a beach or playing with your kids.

This it power of internet business automation.

Internet Home Business - How to Make Your First Million Dollar Using Internet?

Are you aware that there are tons of websites that fail to make a single dime online while internet has the power to make internet business millionaires?

The biggest reason that people fail to make a living online is that they donot educate themselves with the relevant knowledge required to setup a professional internet business.

After training hundreds of newbies I have come up with few points that I personally feel that leads to internet business failure of a newbie.

Check them out...

1. Internet Rich Quickies.

Newbies mainly hunt for get rich quick systems that can make them millionaires overnight.

However I have failed to found such a hot button in my five years of internet research that can make me rich overnight.

2. Information Overload.

Newbies keep jumping from one internet business oppotunity to tne next.

They fail to stick to one system and make sure that they put their time and money to make it successful.

3. Action.

It is useless if you have tons of internet business knowledge and you donot take any action to get started.

You have to pick up your BUTT and do something to get started with your internet business and make it a massive success.

4. Lack of Patience.

Internet business newbies donot have patience to make their internet business a massive success.

They are hunting for quick fix internet riches that can literally make them internet home business millionaires overnight without putting in any thoughts and efforts.

4. Lack of Vision.

They seriously lack passion, determination and a vision that is very important to succeed in anything you do online or offline.

If you have the right vision, you can succeed in your internet business beyond your wildest dreams.

5. Goal Setting.

They donot setup up goals. Goal setting is very important to the success of your internet home based business.

If you donot setup goals, everything is useless, believe it or not.

You need to know where you have to go, your final destination to shoot, if at all you want to achieve it.

Once you setup your goal, laws of universe will help you to reach there and provide you ways to achieve it.

Apply the above steps sincerely and I bet you will soon achieve your internet million dollar dreams very soon.

Internet Home Based Business - For People Who Want To Make Serious Money Starting Today

Starting an internet home based business is quite exciting as you can work from the comfort of your home and stay with your family all the time.

Plus you have no boss sitting over your head. You are your own boss.

You can work whenever and wherever you want, there are no restrictions.

Plus your income potential is unlimited.

If you want to work from home and achieve massive success here are steps to take into consideration...

Step 1 - Do What You Love.

Step 2 - Tap Into a Profitable Niche.

Step 3 - Build Relationships.

Step 4 - Avoid Destractions and Be Focussed.

Lets get down to dirty details to achieve success from your internet home based business...

Step 1 - Do What You Love.

It is very important that you focus your efforts in starting an internet business in a niche that you love.

If you are passionate about your niche, you will love spending tons of hours developing your internet business.

Work will convert into fun. Therefore make sure you do what you love and get started with your internet home business.

Step 2 - Tap Into a Profitable Niche.

It is important that you tap into a profitable niche.

Make sure you select a niche that attracts your interest.

But on other hand also make sure that the niche is profitable and there are people who are spending money in your niche on products and services that you have to offer.

Your main goal is to love what you are doing and also make killer income out of your internet home based business.

Step 3 - Build Relationships.

The most important step in starting any business is to build relationship.

If you work hard in building a solid relationship with your customers they will be loyal towards you for a long time and purchase every product you promote.

Step 4 - Avoid Destractions and Be Focussed.

Make sure you setup a boundary between your work and your family.

People who work from home tend to waste their time to alot extent playing around with their kids and spouse.

If you do this you are sure to get into problems. So make sure you seperate yourself and manage your time while you are working and also spend time with your loved ones.

Killer Affiliate Marketing - 4 Steps to Ramp Up Your Affiliate Marketing Income

Here are 4 simple steps to achieve massive success using affiliate marketing.

Step 1 - Increase Your Affiliate Marketing Knowledge.

Step 2 - Ask Questions.

Step 3 - Website Development.

Step 4 - Work Hard to Get Back Links.

The purpose of this article is to show you how to achieve massive success using affiliate marketing.

Lets get down into dirty details to boost up your affiliate marketing profits through the roof.

Step 1 - Increase Your Affiliate Marketing Knowledge.

It is extremely important to update your skills in the field of affiliate marketing.

Internet is moving at a rapid speed. What works today might not work tomorrow.

Therefore it is extremely important to keep yourself updated with latest affiliate marketing tricks and tips.

You can do this by signing up under some super affiliate training membership based website or getting affiliate marketing ebooks from top experts from time to time.

Next step will show you how to solve your most pressing affiliate marketing questions.

Step 2 - Ask Questions.

It is important to ask questions if you are stuck up in getting started with affiliate marketing.

The simple way you can do this is by visiting affiliate marketing forums and post your questions out there.

Other affiliate marketers will be more than happy to solve your most pressing questions.

Next step will show you how to develop a killer cash and traffic pulling website to sell your affiliate products.

Step 3 - Website Development.

Do you want to earn just pennies like a job person or you want to develop a web property.

Yes, if you want to make something that you can sell for thousands of dollars in future then make sure that you create your own website and develop traffic to your website.

You can do this easily by posting content to your website, starting a blog or a forum and then promoting your site on a continuous basis.

Next step will give you killer details on getting back links to your website to promote your affiliate programs.

Step 4 - Work Hard to Get Back Links.

Your primary promotion and website traffic building step should include creating quality back links to your site.

The advantages of doing this are HUGE. You will get direct traffic to your website from incoming links and this will also boost your website traffic from search engines.

Article marketing is the topmost tactic that will help you in building thousands of incoming links to your website.

Internet Home Based Business - Pump Up Your Website Cash-Counter

Are your minisites sales slowing down? Do you want to burst the selling power of your website right off the charts.

Are you planning to increase the sales conversion of your website through the roof?

If you answered yes to any of the above question, make sure you read this article instantly.

The reason you are not getting tons of targeted website traffic is simple.

Here's the reason...

1. It is difficult for one page sites to rank higher in the search engines.

Search engines love authority sites in a particular niche.

This simply means that you have to build huge content based sites with thousands of incoming links if you want to stand a chance of getting thousands of free targeted website traffic.

2. The cost of pay per click search engines are pumping up.

It is next to impossible for an average Joe to spend $1 per click in competitive niches.

3. Competition is getting tremendously tough due to thousands of websites popping up every single day.

You are not alone selling the product in your niche. Just search for your main keywords in google and you will see thousands of websites competing for your key phrase.

There are 2 killer steps that will help you to survive in this tough internet home business world...

Step 1 - Build Your Credibility.

Here's how to do it...

a. Provide valuable content to your visitors.

Create a huge quality theme based content website.

If you do this you will get repeat traffic and search engines will love you.

This will help you to attract thousands of visitors to your website starting today.

b. Give them valuable gifts and offers.

Give your visitors valuable gifts in the form of ecourse, free ebooks, reports, etc.

They love valuable content and if you give them free quality content in your niche, they will love you and in return give you what you want, that is sales and dollars.

Step 2 - List Building.

It is extremely important to build a list if you want to drive killer repeat traffic to your website and burst up your website sales.

Here's how to do it. Create a squeeze page in your niche and give your visitors something valuable for free.

Make them to signup in your list before you give them your free gift.

Once you have setup a system you will build your list on autopilot with the help of autoresponders.

Internet Home Business Idea - How To Master The Art-And-Science of Making Money?

Are you planning to get rich on the internet with your online business idea?

Do you ask this question - how to start an internet business?

If you answered yes, I have some secrets to share, if you apply them you will achieve massive success starting today.

Here are 4 simple easy to follow steps that will surely make you highly successful with your internet home based business beyond your wildest dreams...

Step 1 - Power of Focus.

Step 2 - Go With Your Passion.

Step 3 - Keep Learning.

Step 4 - Work Hard.

The purpose of this article is to tell you the exact truth about making money online with your internet home business idea.

Lets get down to dirty internet home based business details...

Step 1 - Power of Focus.

There are various opportunities on the internet to get started making money.

This includes...

1. Selling your own products.

2. Selling affiliate products.

3. Starting with online auctions like ebay.

4. Making money with google adsense.

The reason why so many people fail apart from having so many business opportunities is simple.

They lack focus. You have to pick up one thing and do it right and master it to the Nth degree.

Step 2 - Go With Your Passion.

You have to make sure that you move along with your passion and your interest.

If you like writing focus on writing and submitting articles in your niche.

This will get you traffic to your site and make money.

Step 3 - Keep Learning.

It is very important that you continue your education in whatever you are doing.

Learning will keep you updated with the latest tactics going around and you will be one who will tap into latest money making tactics instantly.

Step 4 - Work Hard.

There is nothing for free. Either you pay money and get the work done, or you work hard yourself.

If you lack money the only option left for you is to work hard to setup your internet business.

You have to either put your time or money to start and promote your internet business.

If you do this on regular basis and be consistent enough you will soon see massive success with your internet home business idea.