Friday, May 22, 2009
Wednesday, April 29, 2009
Become a Forex Millionaire, Is it Possible?
THANKS www.optimindzer.com
Whether you believe it or not, there are new forex millionaires everyday. The bad news is that 95% of forex traders fail to even make money. So the chances of you just making money trading forex are against you, much less becoming a millionaire.
So what’s the secret? Why is it that so many people fail and so few succeed?
Well, lets take a look at this logically. When so many people are failing at trading forex, why not just trade the way the successful traders do? I know that sounds like a no-brainer, but why is it that so many traders don’t think about that?
The majority are using the same lagging indicators that have been proven to show no forecasting benefits.
If there is one major contrast between the pros and amateurs, its that the majority of the pros don’t need all the bells and whistles that the amateurs just love. If you read many trading journals, magazines, newspapers, you’ll notice most pros mention they don’t even use indicators.
They solely rely on price action to tell them when to buy and sell a currency.
To those that have only traded with indicators, this may seem like a strange method, but it’s really one of the oldest forms of technical analysis and has been traded successfully way before stochastics were even invented.
People like Jesse Livermore became trading legends in the early 1900s by being on the market floor and trading based on the movements of the price. He didn’t even have the privilege of looking at a chart.
So it is most definitely possible to be the next forex millionaire. All you have to do is stop following the herd and learn how to properly read the forex market
How to Be a Real Estate Millionaire?
You’ve probably heard people talk about how they have made millions of dollars in the real estate world. And you’ve probably brushed the idea right into the back of your memory.
However, think about digging it out. Real estate millionaires know the secret to turn $10,000 into $1 million within a matter of months. And, below, these secrets are revealed. All it takes is seven simple steps.
1. Locate foreclosures - these are houses usually found on government or bank websites and are usually in the $20,000 range.
2. Research the Areas - you want to make sure the house is in a semi-good location based on crime rate, population, employment opportunities, etc. As long as the economy is growing, then so will the housing prices in that area.
3. Inspect the property - hire inspectors to do this for you. This will save you a lot of time and effort.
4. Determine your cash flow analysis - this is the budgeting aspect of the business where you need to ensure the amount of money you spend on the project will return a large enough cash flow to make it worthwhile.
5. Renovate - add an extra room, paint the interior and interior, plant a few shrubs, replace the door, and up the price of the investment.
6. Hire an appraiser - re-appraise the house to see what you can sell it for.
7. And finally, retain the property by renting or sell it for a substantial profit.
With these seven steps to success in the real estate market, you are well on your way to your first million dollars.
However, think about digging it out. Real estate millionaires know the secret to turn $10,000 into $1 million within a matter of months. And, below, these secrets are revealed. All it takes is seven simple steps.
1. Locate foreclosures - these are houses usually found on government or bank websites and are usually in the $20,000 range.
2. Research the Areas - you want to make sure the house is in a semi-good location based on crime rate, population, employment opportunities, etc. As long as the economy is growing, then so will the housing prices in that area.
3. Inspect the property - hire inspectors to do this for you. This will save you a lot of time and effort.
4. Determine your cash flow analysis - this is the budgeting aspect of the business where you need to ensure the amount of money you spend on the project will return a large enough cash flow to make it worthwhile.
5. Renovate - add an extra room, paint the interior and interior, plant a few shrubs, replace the door, and up the price of the investment.
6. Hire an appraiser - re-appraise the house to see what you can sell it for.
7. And finally, retain the property by renting or sell it for a substantial profit.
With these seven steps to success in the real estate market, you are well on your way to your first million dollars.
What’s the Best Way to Start Making Money in Forex Trading?
There’s a lot of hype about forex trading, and even with the economy bouncing all over the place, there are still plenty of people checking into forex trading as a way to make money from home.
Part of the buzz foreign currency trading has been because of just how many people are treating it as a money-making opportunity. As many people have begun earning terrific cash online trading forex, there has been more individuals seeking information on how to get started. Ok everyone, let’s take a look!
The primary idea is the identical to the stock market: Buy low and sell high. So, if you’re buying some Canadian dollars with US currency, each CDN dollar is worth around seventy five cents right now. If you think that the Canadian currency is going to rise in value, then it’s time to purchase it now and then sell it when the value increase.
Currency Professionals will pay close attention to certain currencies and look for patterns or points that point out that there is cash that can me brought in.
Currency Traders also use forex computer trading programs that automatically them spot profit opportunities. All the professionals will use this type of software as it will cause an increase in their profits by a huge amount.
These programs can make be the difference between a profitable trader and one that fails to make money. Nobody wants to admit that a piece of software is brighter than them, but many of the traders that are making lots of money will admit that it’s because of a forex software.
I know this may seem a tad perplexing or technical - especially for those who are new to forex trading. You’ll notice that the best programs have been programmed by proven currency traders who know the ins and outs of the currency markets and they have purposely made them user-friendly.
Grab a forex piece of software if you’re going to start trading currency. This will give you a massive jumpstart. Ordinarily, they will bring in some profitable trades for the trader automatically. This way you can let the program make some cash while you grow your knowledge of the markets. At some point you’ll use both the program and your own instincts to make trades.
Pro traders all possess a certain characteristic - they are ok with taking risks and don’t mind the some swings. Actually, tons of traders live off this aspect of forex trading! Naturally it takes a specific type of mindset, but if you have what it takes you can be bringing in some terrific money.
A significant benefit of foreign currency exchange is that even though a specific currency might drop in worth, it’s unlikely to ever drop to a worth of zero. This is a healthy change over options trading or trading stocks
Part of the buzz foreign currency trading has been because of just how many people are treating it as a money-making opportunity. As many people have begun earning terrific cash online trading forex, there has been more individuals seeking information on how to get started. Ok everyone, let’s take a look!
The primary idea is the identical to the stock market: Buy low and sell high. So, if you’re buying some Canadian dollars with US currency, each CDN dollar is worth around seventy five cents right now. If you think that the Canadian currency is going to rise in value, then it’s time to purchase it now and then sell it when the value increase.
Currency Professionals will pay close attention to certain currencies and look for patterns or points that point out that there is cash that can me brought in.
Currency Traders also use forex computer trading programs that automatically them spot profit opportunities. All the professionals will use this type of software as it will cause an increase in their profits by a huge amount.
These programs can make be the difference between a profitable trader and one that fails to make money. Nobody wants to admit that a piece of software is brighter than them, but many of the traders that are making lots of money will admit that it’s because of a forex software.
I know this may seem a tad perplexing or technical - especially for those who are new to forex trading. You’ll notice that the best programs have been programmed by proven currency traders who know the ins and outs of the currency markets and they have purposely made them user-friendly.
Grab a forex piece of software if you’re going to start trading currency. This will give you a massive jumpstart. Ordinarily, they will bring in some profitable trades for the trader automatically. This way you can let the program make some cash while you grow your knowledge of the markets. At some point you’ll use both the program and your own instincts to make trades.
Pro traders all possess a certain characteristic - they are ok with taking risks and don’t mind the some swings. Actually, tons of traders live off this aspect of forex trading! Naturally it takes a specific type of mindset, but if you have what it takes you can be bringing in some terrific money.
A significant benefit of foreign currency exchange is that even though a specific currency might drop in worth, it’s unlikely to ever drop to a worth of zero. This is a healthy change over options trading or trading stocks
Currency Trading Success Provides Life Changing Income!
You can become successful in currency trading, IF you’re doing what the 95% of losers don’t and follow the advice of the mentors!
The rewards of Forex trading are HUGE, for the effort you have to put in and the good news is everything about successful Forex trading can be learned, by anyone willing to make an effort and learn skills. There are another group of people, who don’t think Forex trading is easy and think that working hard or being clever will lead them to success and their wrong too!
You don’t get rewarded for making an effort or being a geek, you make money by being right with your Forex trading signal and that’s it. Forex trading is an odds game and this means, you need to use a simple system rather than a complicated one; as it will be more robust and have fewer elements to break.
If you want to win at Forex trading you need to understand that you must take losses and keep them small when you hit a losing period and this means having the discipline to keep them small and the patience to stay on course until you hit profits again.
If you can combine a simple method, with iron discipline you can win at Forex trading and enjoying a great second or even life changing income.
The rewards of Forex trading are HUGE, for the effort you have to put in and the good news is everything about successful Forex trading can be learned, by anyone willing to make an effort and learn skills. There are another group of people, who don’t think Forex trading is easy and think that working hard or being clever will lead them to success and their wrong too!
You don’t get rewarded for making an effort or being a geek, you make money by being right with your Forex trading signal and that’s it. Forex trading is an odds game and this means, you need to use a simple system rather than a complicated one; as it will be more robust and have fewer elements to break.
If you want to win at Forex trading you need to understand that you must take losses and keep them small when you hit a losing period and this means having the discipline to keep them small and the patience to stay on course until you hit profits again.
If you can combine a simple method, with iron discipline you can win at Forex trading and enjoying a great second or even life changing income.
Online Forex Trading Overview
Forex is a term coined to actually mean the world’s largest foreign currency trading where more than 2.0 trillion dollars are traded everyday. This forex market which is once only accessible to large corporations and government institutions is now available to individual investors like you. But, would you take the huge risk to procure more wealth? Then let’s look at the pros and cons of trading in forex.
Profit potential
Profit that can be gained in the forex trading is of course the biggest attraction for every investor. You can start off from $500 or less and with your own skills and wits, you can gain a few times of that amount for yourself. However, do an investment plan for yourself first if you don’t want to lose that amount in a flick of a finger.
Instability
Instability here of course refers to the market which means it goes up and down as it pleases. However, the instability plus the risks that you put in, means you have a huge opportunity to gain. So, game for it and remember, the higher the risk, the bigger the profit, and of course, losses.
Ease of access
The forex trading market is open for 24/6 and you can do your trading from any part of the world. This is to let investors trade at any time of the day. So, travelling elsewhere is no excuse to access to your orders and profit more from the Forex.
Liquidity
Around the world there are so many potential buyers and sellers so you’ll always find one for your trade. For this reason, immediately after you execute your order, your position closes and that’ll avoid the risk of sudden market changes. All these will ensure price stability and lower spreads.
Margin
Margin offered in the forex trading market is different from the other investments as you risk your investments for greater profits. Normal investments may only let you have a margin of 3:1 or less. However, in the forex market the margin is almost up to 200:1. This means that if you risk $1000, you’ll get $200000 in return! Of course, the risk is significantly higher than other types of investments. So, you can get more money faster, but you can also lose your money as fast. So do make sure you gain enough experience of the market before making bigger investments with higher risks.
Paper Trading
A free trading account means that you start on a mock trade that is facilitated by the investment companies and follows it for 3 months or more until you begin your live trading. Once you gain experience and is trained well, then you can embark on the first forex trading of your life which promises lots of profits, but losses as well.
So in the end, you have to say that the risks taken in forex trading is equitable to the profits that you will get.
Profit potential
Profit that can be gained in the forex trading is of course the biggest attraction for every investor. You can start off from $500 or less and with your own skills and wits, you can gain a few times of that amount for yourself. However, do an investment plan for yourself first if you don’t want to lose that amount in a flick of a finger.
Instability
Instability here of course refers to the market which means it goes up and down as it pleases. However, the instability plus the risks that you put in, means you have a huge opportunity to gain. So, game for it and remember, the higher the risk, the bigger the profit, and of course, losses.
Ease of access
The forex trading market is open for 24/6 and you can do your trading from any part of the world. This is to let investors trade at any time of the day. So, travelling elsewhere is no excuse to access to your orders and profit more from the Forex.
Liquidity
Around the world there are so many potential buyers and sellers so you’ll always find one for your trade. For this reason, immediately after you execute your order, your position closes and that’ll avoid the risk of sudden market changes. All these will ensure price stability and lower spreads.
Margin
Margin offered in the forex trading market is different from the other investments as you risk your investments for greater profits. Normal investments may only let you have a margin of 3:1 or less. However, in the forex market the margin is almost up to 200:1. This means that if you risk $1000, you’ll get $200000 in return! Of course, the risk is significantly higher than other types of investments. So, you can get more money faster, but you can also lose your money as fast. So do make sure you gain enough experience of the market before making bigger investments with higher risks.
Paper Trading
A free trading account means that you start on a mock trade that is facilitated by the investment companies and follows it for 3 months or more until you begin your live trading. Once you gain experience and is trained well, then you can embark on the first forex trading of your life which promises lots of profits, but losses as well.
So in the end, you have to say that the risks taken in forex trading is equitable to the profits that you will get.
Tuesday, February 24, 2009
Why You Are Not An Internet Millionaire Yet?
The internet is filled with websites promising to make you a millionaire in less than 15 minutes. So think for a couple of minutes, if you could really invest $50 in an e-book that will make you a millionaire in 15 minutes, would the e-book really cost $50?
Even if the e-book did cost $50 don’t you think that by now you would have met someone who has actually made millions after buying a $50 e-book? Quickly, off the top of your head, think of 3 people you know or have met online who are millionaires, and have made their money after buying an e-book online.
Now I’m not disputing the fact that you can actually make money online, and no doubt you can make a lot of it, but the internet has been perceived as a get rich quick market that with very little effort and minimum investment will make you excessively rich and you never have to work again. Yeah right!
Think again, making a living on the internet is as hard if not harder that making a living in real life. Now while your financial investment on the internet may be substantially less that a traditional brick and mortar investment, it’s not free.
Your time investment in an online business will most likely far outweigh the time you would put into a brick and mortar business. Your customers never sleep, business does not close at 5, and there are no rules as to which geographical area you need to operate in.
Your success on the internet is relative to the time that you put into an online business. Your efforts don’t just one day come to an end. You don’t wake up one morning and think to yourself “I think I’ll stop working today” and your business continues to function.
While running an online business and working from home does allow you certain luxuries, you still have to work. Some of the most successful online entrepreneurs work every day, and often still post to their forums, and send out their news letters while on holiday.
The point I am trying to make is that having a successful online business requires you to work at it. For example, Google’s Ad Sense program is one of the most successful advertising programs on the internet, and if you get 1000 visitors on your site/s a day and have a 10% CTR the you are getting 100 clicks at an average of $1 you make $100 per day. That does work yes, but how do you get 1000 visitors a day? Do you really think it’s as easy as building a website over a weekend and retiring a month later?
Many people on the internet would have us believe that, and only once we have parted with our money and bought an entire library of e-book and have a great collection of software do we realise that we can’t give up our day jobs just yet.
I have bought every e-book out there, I’ve read them all, they have great sales copy and a very enticing sales pitch, but at the end of the day they simply tell you about a niche that can be used to generate revenue.
You still need to put in the time. The downside is that often we put in the time in the wrong place; we spend way too much time doing the wrong thing. So how do you know you are doing the right thing? Well, here are some guidelines…
There are only a few select areas that will make your online business work:
1. Make sure you have the right product: Do not try and go to market with a product that you a) don’t know backwards, and b) is a shot in the dark. Do your homework, make sure that there is a market for whatever product or service you are planning to offer, Google all you can, find every forum that relates to your product and read, read, read.
2. Build your business: Setup your website, using a developer, templates, Content management system etc, and make sure it is 100% BEFORE going live. There is nothing more off putting than a site that wants $97 for and e-book, but the site looks like a dog’s breakfast. Make sure you have a professional looking site, and test, test, test.
3. Optimize your site: This is the most time consuming process, either pay someone to do it for you properly if you don’t have the time, or make sure you do it right. The last thing you want or need is to be blacklisted from search engines. Get good links, research key words, do proper on page and off page optimization.
4. After sales selling: Once you have customer, make sure that you keep in contact with them. Setup a forum where you can discuss how to use your product, and answer any questions they might have, forums are great for interaction with all your clients at once.
Make sure that your time is mainly spent on these areas. They will have the highest return and help you to become a success on the internet, and remember, it won’t happen over night.
Even if the e-book did cost $50 don’t you think that by now you would have met someone who has actually made millions after buying a $50 e-book? Quickly, off the top of your head, think of 3 people you know or have met online who are millionaires, and have made their money after buying an e-book online.
Now I’m not disputing the fact that you can actually make money online, and no doubt you can make a lot of it, but the internet has been perceived as a get rich quick market that with very little effort and minimum investment will make you excessively rich and you never have to work again. Yeah right!
Think again, making a living on the internet is as hard if not harder that making a living in real life. Now while your financial investment on the internet may be substantially less that a traditional brick and mortar investment, it’s not free.
Your time investment in an online business will most likely far outweigh the time you would put into a brick and mortar business. Your customers never sleep, business does not close at 5, and there are no rules as to which geographical area you need to operate in.
Your success on the internet is relative to the time that you put into an online business. Your efforts don’t just one day come to an end. You don’t wake up one morning and think to yourself “I think I’ll stop working today” and your business continues to function.
While running an online business and working from home does allow you certain luxuries, you still have to work. Some of the most successful online entrepreneurs work every day, and often still post to their forums, and send out their news letters while on holiday.
The point I am trying to make is that having a successful online business requires you to work at it. For example, Google’s Ad Sense program is one of the most successful advertising programs on the internet, and if you get 1000 visitors on your site/s a day and have a 10% CTR the you are getting 100 clicks at an average of $1 you make $100 per day. That does work yes, but how do you get 1000 visitors a day? Do you really think it’s as easy as building a website over a weekend and retiring a month later?
Many people on the internet would have us believe that, and only once we have parted with our money and bought an entire library of e-book and have a great collection of software do we realise that we can’t give up our day jobs just yet.
I have bought every e-book out there, I’ve read them all, they have great sales copy and a very enticing sales pitch, but at the end of the day they simply tell you about a niche that can be used to generate revenue.
You still need to put in the time. The downside is that often we put in the time in the wrong place; we spend way too much time doing the wrong thing. So how do you know you are doing the right thing? Well, here are some guidelines…
There are only a few select areas that will make your online business work:
1. Make sure you have the right product: Do not try and go to market with a product that you a) don’t know backwards, and b) is a shot in the dark. Do your homework, make sure that there is a market for whatever product or service you are planning to offer, Google all you can, find every forum that relates to your product and read, read, read.
2. Build your business: Setup your website, using a developer, templates, Content management system etc, and make sure it is 100% BEFORE going live. There is nothing more off putting than a site that wants $97 for and e-book, but the site looks like a dog’s breakfast. Make sure you have a professional looking site, and test, test, test.
3. Optimize your site: This is the most time consuming process, either pay someone to do it for you properly if you don’t have the time, or make sure you do it right. The last thing you want or need is to be blacklisted from search engines. Get good links, research key words, do proper on page and off page optimization.
4. After sales selling: Once you have customer, make sure that you keep in contact with them. Setup a forum where you can discuss how to use your product, and answer any questions they might have, forums are great for interaction with all your clients at once.
Make sure that your time is mainly spent on these areas. They will have the highest return and help you to become a success on the internet, and remember, it won’t happen over night.
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