Make Money Online |
- Home Business Ideas For Just About Anyone!
- Work at Home Job Versus Work at Home Business
- Your Personal Escape Plan: Successful Marketing System
- Network Marketing - The Ripple Effect System
- Starting Home Based Businesses
- Looking For A Legitimate No Fee Home Based Business?
- Making Use of Forex Business to Increase Earnings
- The Role of Fundamental Analysis in a Home Forex Business
- Home Forex Business - The Number 1 Key to Success
- Forex Robots - Good or Bad for a Home Forex Business?
- A Home Forex Business Really Is a Business
- The 10 Commandments of Running a Successful Home Forex Business
- Forex Trading Strategies For A Successful Forex Business
- The Right Way to Start an at Home Forex Business
| Home Business Ideas For Just About Anyone! Posted: 25 Sep 2013 11:00 PM PDT Are you thinking about working from home and need some home business ideas? Here is a list of ideas to help you start your thought process. CREATIVE: Cake/candy making or decorating - DJ - seamstress - music teacher - greeting card design - web design - writing - photographer - event planner - scrapbook making - growing vegetables - pet grooming - landscaping Creative home business ideas require an artistic mind with an eye for detail. Most of these ideas can be learned through practice and more information can be obtained from the internet, library or local vocational colleges. Although local laws do vary, so you should check with your local secretary of state, most of these home business ideas do not require licensing. PROFESSIONAL: CPA/Tax advisor - massage therapy - counseling - doula - childcare - bed and breakfast Professional home business ideas for the most part will require a special education and local licensing from state agencies. These business opportunities will tend to be more lucrative though because of the education required to perform them. It is recommended that you seek out legal counsel to ensure that you have all the proper permissions to limit liability. LABOR: auto repair - antique repair and sales - small engine repair - personal assistant /shopper - flea market booths - taking online surveys - online trading - housekeeping - handyman services - data entry - catering Labor home business ideas are the jobs that require a little more work than skill, although skill is required of any valuable service. Some of these ideas require specialized knowledge or experience. Most people cannot simple pick up a wrench and start fixing an engine without previous experience doing so. Some may require a license or certification from the state. Some of them a person can just put forth some effort and take off doing. No matter what home business idea you decide upon, you need to develop a plan, invest some money to get some equipment, to meet state requirements, get an education, and probably some basic advertising material (i.e. business cards and fliers). All of the above home business ideas will require effort. To develop business you will need to talk to all of your friends and family to let them know you are in business and ask for referrals. After you have done that, you will likely need to market and sell your service or product to the general public if you want to keep income coming in. If you are not working, you are not making any money. You will want to make sure that you keep detailed records of all income and expenses for tax reporting purposes. And make sure you check to see if you will need special insurance for liability coverage. There is one more home business idea that is worth mentioning. It has been saved for the last because it is different than the afore mentioned opportunities. Network marketing, also known as multi-level marketing, affiliate marketing and online marketing are unique home business opportunities that can offer a few added benefits. Similar to 'traditional' home based businesses, a person starting one of these marketing businesses will need to have a plan, get a little bit of education, put forth a little or a lot of effort depending on how successful you want to be, invest some money to get started, market and sell your product or service to your family, friends and then the general public. However where network and affiliate marketing differ from a 'traditional' home business idea in that over time as you build a base of clients and build a team of other people needing to work from their homes, your income becomes less dependent on your efforts and can actually start growing exponentially without much work on your part. The key, with any MLM type of business, is to learn, follow and teach a duplicable system and then you will start to make a percentage off of the efforts of those that you teach how to make money from home. There is a lot of benefits to working from home. Tax benefits, lower overhead costs, freedom of time (to some extent) and flexibility. Whatever home business idea you decide to choose, make sure you take the time to look into what you need to have to do it properly. Many people rush into starting a business and end up costing them much more than they could ever dream of making from fines, lawsuits and penalties. Legal fees and court costs from lawsuits or even criminal charges if you do not know what laws apply to your particular home business can bankrupt most home business owners. I hope that this article has helped you in your quest of fulfilling your dream of working from home and building the success and freedom that you are dreaming of. Good luck and much success! I am a network marketing and online marketing professional, as well as an author of non-fiction articles in the business and health and fitness topics. It is my number 1 goal to help anyone that is seeking success and financial independence or seeking out a healthy and fit lifestyle to achieve their dreams and goals. Please find more information on my blog at, |
| Work at Home Job Versus Work at Home Business Posted: 25 Sep 2013 11:00 PM PDT The use of the internet has opened up opportunities for people to start businesses at home or to have a work at home job. Even though these types of opportunities are available, people still remain cautious when taking these types of opportunities seriously. The risk involved in working from home is not knowing if the company is legit or if someone is scamming you out of your money. There is a huge difference between a work at home business and a work at home job. Work at Home Job- A work at home job is when a person is working from their home for someone else. Examples of work at home jobs would be call center positions, administrative work, data entry, etc. With these types of opportunities there should be no up front cost. If the opportunity clearly states that the position is a job, where you will be working for a company and they require you to pay them money, then it is a scam. You should never pay for a work at home job. Work at Home Business- A work at home business is where you are running your business. You decide when you want to work your business, how you want to market your business and what type of advertising techniques to use. With the use of the internet, many companies, usually direct sales companies, can offer a partnership with you to have your own business. With these types of opportunities you are paying an up front cost or a monthly cost. This is normal for a business. The money you are paying the company is letting you use their logos, products pictures, product information, etc. in any way you choose to advertise. You are not working for the company, you are partnering up with them. It is the same if you have a brick and mortar store; you are ordering products from a company to sell in your store. With direct sales companies it is the same thing you are selling their products. Do your research on any opportunity that comes your way. A work at home job is not the same as a work at home business. Read all the information on the opportunity and contact someone from the company to ask questions. You never have to pay for a job, but you will have up front costs and you may have monthly costs as well when running your own business. There are great opportunities out there you can do from home. Step out of your comfort zone and take a risk; you may be surprised at the results. |
| Your Personal Escape Plan: Successful Marketing System Posted: 25 Sep 2013 10:59 PM PDT In the world of business duplication is the key to your expansion and success. You want your operation to run seamless with and without you. If you are building a team of affiliates or down line you want a duplicatable system. Even if you are a real estate agent, insurance agent, or professional licensed contractor you want duplication. Make training simple and easy when you bring in team members. You want them to plug right in. You want them to start making sales right away because you know that's the only way people stick around. Home Business Marketing System You want to run your home business like a franchise. When entrepreneurs buy into a franchise they get training, done for you marketing, and a success business model. You want that with your company. The easiest way for your team to succeed is to have a plug-in play marketing plan. Something that is high-tech and high touch. Product knowledge and customer service is a waste of time if you don't make sales. Automation is not out of reach for the newbie. There are systems that can give you the traffic, leads, and sales you want. Here is an example of your successful marketing system:
Speaking of driving traffic. A successful marketing system comes with marketing strategies that fit your personality. You are not forced to use methods that you don't like. Pick 1-3 techniques that work for you and outsource the rest. Is there a cost to having a marketing success system that provide education, leadership training, traffic, and offline marketing? How much are you willing to invest to have a Personal Business Assistant close your sales for you? Some companies charged you a percentage of your sales. Others charge monthly fees. Don't let being cheap keep you broke. Invest in your marketing system and succeed. Action Steps Take the time to look at different marketing systems. Interview their sales agents and see if it fits your model. A top notch marketing system will increase your bottom line, and more sales, and give you time freedom. Charles Fitzgerald Butler, is an entrepreneur and expert in internet marketing. Charles has a passion for helping people start and run successful home businesses. You can partner with Charles and start building multiply income streams from your home. Charles' goal is to help all who partner with him achieve cash flow and profits from their business. Marketing, leadership, and a business blueprint are essential in your success. Get Your Business Success System Here: |
| Network Marketing - The Ripple Effect System Posted: 25 Sep 2013 10:58 PM PDT Network marketing, often times called multi-level marketing or MLM, is an awesome business model which allows almost anyone to build a business. The basic premise about an MLM business is word-of-mouth advertising. A person recruits or enrolls other people to use, market, and promote products. A key ingredient to a healthy network marketing organization is a solid system. A system refers to the cycle of activity that a person goes through to be successful. This system has to be simple and very duplicatable. Although you may be gifted and talented to recruit 100 people in an hour, those 100 people won't be able to do the same. The Ripple Effect System The Ripple Effect System was designed in 2013 by Marshall and Ruby Gordon, professional network marketers with Unicity International. The system was developed out of a need to create continuity throughout their organization. The idea is that 1 person recruited today will be able to duplicate themselves with little effort. Highlights of the Ripple Effect System are: Prospecting - In network marketing, prospecting is key. Network marketing is for everyone, but everyone can't do network marketing. Under the Ripple Effect System, prospecting is taken very serious. You don't go after everyone you know. Inviting - The first "person-to-person" activity is inviting. You want prospects to simply take a look. So if the invitation is not sound, you could lose them. Within Ripple Effect System, each partner is provided with a very simple invitation script that can be used over and over again. Presentation - The 3rd step in a solid system is the presentation. This is the prospect's initial look. The System utilizes 1 tool for presentations. A live webinar hosted by Marshall and Ruby Gordon. This is ideal because no one in the organization has to ever present. Follow Up - The webinar is very powerful and makes a very compelling case for network marketing. After the initial presentation, most prospects will need a 2nd "touch, and most will call the partner back wanting more information. Everyone in the organization has the information needed to answer the questions. Getting Started - This is probably the most important step. New partners are fresh and fired up. You want to get them started right away. A delay could cost you a business partner. So the Ripple Effect System equips the partners with the tools that they need to get their partners started fast. There is no delay, and a partner can start the day they sign up. The Ripple Effect System is a remarkable system which has created dynamic businesses. The idea is take all of the "heavy lifting" out of the hands of the partners. So 70 to 80 percent of the work is done for you. If you are thinking about joining a network marketing company, you want to make sure that you don't do all of the work. A system should be in place to do it for you. Otherwise, you'll have a part-time job! Brandon Barclow is a professional network marketer and a key contributor to the Ripple Effect System. He has built an dynamic organization utilizing the Ripple Effect System. To learn more about him, his business, or the system |
| Starting Home Based Businesses Posted: 25 Sep 2013 10:58 PM PDT When you want to start a home based business, there are certain things you must consider first. It is not just like any other business started and operated in the normal and likely way. This kind of business is always unique in some areas compared to the normally formed businesses. One of the interesting features of home based businesses is that it is certainly done from home. There is no need for an office in the business center's or anywhere else as expected with other businesses. There are regulations on how these businesses should clearly be started. Starting a home based business and managing it successfully may perhaps be the question everyone wants answered to. Before you start a home based business, outline your priorities, talents, skills and considerations of what you want to do. If for instance you want to start an online consultancy firm, access you capabilities, your competence, your talents and whether this is an opportunity ready for the market niche. Are you really ready to work from home? Weigh the probable advantages against the disadvantages of working at home. Once you set a decision, make sure you preview and review your options with the help of a specialist or expert. This is important in helping you analyze the benefits of venturing into a particular business. Professional home based businesses should find needs and expectations of customers and actually satisfy them. Start an internet business by transforming your ideas into realities. Many people are ready and eager to launch or start their businesses than run them. In many instances, their joy comes when they launch new products or services in the market, but they constantly fail to make these products known to customers. After setting your ideas and starting the business, it is important to work on it and improve every possible aspect of the business. A lot of research is generally needed for home based businesses to succeed. Start a home based business from a deeper understanding of what the risks are. If it is not worth the investment, energy and the expected profits, then an alternative can definitely be sought. It is important to carry out research before you start any type of business from home. Some businesses require nothing much while others must always reflect on the expected value of the investment or other inputs into the business. Depending on the type of the home based business, your personal attributes must contribute to the business' success. I have been a time internet marketer about a year, and am really enjoying working at home. I just retired after 35 years in the Audio Visual Industry. I'm also a Viet Nam era Navy Veteran. My website, Home Business Insider: |
| Looking For A Legitimate No Fee Home Based Business? Posted: 25 Sep 2013 10:57 PM PDT If you have spent any time looking for a legitimate no fee home based business, chances are you have filled out a few forms to get some free information about one opportunity or another. There is a lot of good free information available out there but I'd say ninety percent is just a ploy to get your name onto a mailing list so they can continue to market to you through your inbox. Maybe you signed up for a free seven-day money making course? Only to find out at the end of the course they wanted you to sign up for their business or product. Did it cost $47 or $49 dollars to sign up? Or was it $99? I would not be surprised if it was something like that, plus the monthly fee of $69, with a full 30 day money back guarantee. I want to know what business opportunity you can truly evaluate in 30 days, especially if you have a job and a family?!? I don't see how it's possible to really know if the opportunity would be a good fit for you or not. I've signed up for some of these opportunities and usually end up getting my money back, because their method requires you to go sign up somewhere else for some other service to really make it work like they promised. Even though there was no mention of needing anything else to make money on their sales page, at least not directly. Is There Such A Thing As A Legitimate No Fee Home Based Business? There actually are some legitimate no fee home based business opportunities in the world today. eBay is one of them, but you are all on your own if you want it to be free. There are plenty of business opportunities built around how to make money with eBay and every one of them would be happy to charge you a fee. I've tried a few and I have to tell you, I'm sure you would be better off on your own. My wife is living proof of that, because she decided she was going to sell stuff on eBay one day and sure enough, she did just what she set out to do. It's not hard to figure out, if that is what you would like to do. I like the thought of eBay and I like the platform for sales and the auctions, I think it is a good model, but I think there is something better. It has the same platform, and has auctions, but it also has a dynamic aspect to it that can make your efforts exponential! A Legitimate No Fee Home Based Business In Business For 15 Years! So what could be better than eBay and why? I will answer the why first and the why is because, not only do you get paid for your efforts, but you build a team, a sales force if you will, and that increases not only your earning potential, but your earning ability. Do you know what that is called? Residual income! That is something eBay cannot offer you, because once the sales stop for you, so does the money. In the residual income model, you build a team and if you take a week off the money does not stop, because the team as a whole, has not stopped. Of course, just like anything that is worthwhile it will take time and effort to build. There is no fee to sign up, but there will always be a cost associated with having a business like eBay or anything else. |
| Making Use of Forex Business to Increase Earnings Posted: 22 Sep 2013 10:57 AM PDT The lure of making a good amount of money has brought people into the doorsteps of forex business so that they can have an extra income just by sitting at home. It will only require a computer and internet connection to carry on the process where forex market and its knowledge would be required to bring on more trade. There are plenty of opportunities in the forex market itself to get good returns by investing in the foreign currency exchange. But besides that, there are other sources which can get people money from the foreign currency exchange market. A new system of online promotion is being presented these days and it is known as forex affiliate. This means that another website carries on the promotional work of the forex platform on behalf of the platform so that more people know about it and the different tools and indicators that are being provided by the platform. For carrying out the affiliate work, people only require the computer and internet and should have a website of their own, so that they can carry on the work of online promotion. Idea about forex, internet marketing, website promotion, and such things are also an additional benefit because it will be essential when people are promoting a particular product. In such a forex business, people who have their websites are their own business owners. This means that they will be taking up the project from a particular forex company and then carrying on their work of promoting the platform and its related products. This is a very easy work and the money is good because for every customer that the affiliate site provides to the platform, or for every sale of an indicator or tool, they get commission which is quite handsome in the present day scenario. People are only required to carry out the promotional activities and do not have to indulge in anything else. With more and more such offers, it is a pretty good chance for those interested in such a forex business to make a huge amount of money. With the right promotional activities and proper approach to marketing through the affiliate sites, the money can flow in good amount. People might require the knowledge of search engine optimisation or such knowledge which will increase the visibility of their sites among the target audience. This is something that can be done easily by people as they wouldn't have to do much for being a successful forex affiliate. It is being seen as a potential way to earn money with minimum amount of investment and even time, if one is proficient in making websites. A little time and use of smartness can take the forex business to great heights and is prospective for the future because in the coming years, the forex market is going to get further popularised. |
| The Role of Fundamental Analysis in a Home Forex Business Posted: 22 Sep 2013 09:26 AM PDT Fundamental analysis of the currency for many people is the bread and butter of successful forex trading. There is no doubt that there is a lot of truth in the statement that the currency markets are primarily driven by changes underlying the economies of the world. That is why so many professional traders ensure that their information is based on the best and latest information available. The question of whether someone needs to be an expert in fundamental analysis in order to be a highly profitable home forex trader is debatable. So what is fundamental analysis? In its simplest form is a review of all the real economic data, political decision, national and international events that have the possibility of impacting on the perceived collective awareness of the forex market that in turn will potentially drive currency movements. It is vital to understand the enormous volume of information that comprises fundamental data. Many of the financial institutions have departments dealing with analysis, teams of strategists and economists who do their best to try to foresee market movements. And the frightening thing is that with the availability of information over the internet, every home trader also has access to that information. The sheer volume of information for many traders is overwhelming. When I first started to look at forex trading as part of my part-time home business, I bought into the statement that I needed to understand how the markets work, the impact of all the various drivers. I could see that the task was enormous and i likened it to standing on a station platform, stretching our your hand and grabbing onto a high-speed train. The consequences can be disastrous! So then I thought, well if the object of my analysis is large how do I tackle? As someone once said, how do you eat an elephant? The answer is one bite at a time. Now that is all well and good, until I realised that the currency market is more like the size of a prehistoric 100 ton huge dinosaur than an elephant. I have by profession been very open to the concept of analysing information prior to decision-making. Unfortunately with the scale of information, I quickly became a victim of "analysis paralysis." If you are starting in forex trading, have your normal 9 to five job the time available to you is very limited. I found that by the time I factored in the time travelling to and from work that only left me three hours a day during the week for my research and analysis. I quickly came to the conclusion that despite some of the advice given, for me and many others another approach had to be taken. Thank goodness for the internet. There are a number of sites now providing free information on the times of all the key economic announcements across the world. Some provide basic data i.e. interest rate announcement in the US at 9am Eastern Time. Others will provide details of past announcements and their impact on a currency as well as a forecast for what the announcement maybe. The home forex trader will need to gain is an understanding of the impact an announcement may have on the market. If there is one thing a market does not like, it is unexpected announcements. Very often markets will move in anticipation of an announcement, If the announcement is not in line with the anticipated result the market will move. I personally do not see the possibility of a home forex trader being able to compete with the financial institutions. However, that is not as bad as it seems. I would suggest that a trader needs to understand that when these announcements are made, that they have a potential to move. How much is not something that can be ascertained, so why be concerned about it? Fundamental analysis therefore is an important tool to have in ones armoury, however, those running a home forex business, do not need to become an expert in this area. For me personally, the day when I learnt that there are alternative ways of being highly successful as a forex trader without being an expert in fundamental analysis, I felt an enormous weight lift of my shoulders. Kaz Kowalski has been highly successful as a project management consultant working on a number of high profile projects in blue chip companies across a variety of industries including Banking, Information Technology and Telecommunications. He has utilised his analytical ability to review and determine the profitability and effectiveness of different home business opportunities in building viable and profitable business models. As a result of his analysis, he has concluded that a Home Forex Business has significant advantages over the majority of other home business opportunities. |
| Home Forex Business - The Number 1 Key to Success Posted: 22 Sep 2013 09:10 AM PDT 85% to 95% people who start forex trading end up losing money. Just Google the stats. What is the biggest key or skill required to run a successful home forex business? Trading skills fall into two groups. Firstly, possessing the technical knowledge of the trading platform, the markets, how to read charts and how to adopt the correct trading strategy. Secondly, possessing the correct attitude, the right mind set. When I started trading, I was amazed to see how the currency markets were ganging up against me! I noted how I managed to enter a trade for the right reasons and the market reversed immediately moving in the opposite direction to where I thought it ought to go, And within a short space of time, I lost money! It seemed to me that the market behaved like a wild stallion, full of untamed power ready to throw off me the rider at every hurdle. When I was learning trade, I can recall the number of times I was almost "begging" the market to fall in line with my trade, to get me back into profit, to help me achieve the one big trade that would wipe out all previous losses. It took me a while, but I had my "eureka" moment one day when I realised the secret key to the padlock that was keeping my mind in chains. The secret key to forex trading, more important than any technical analysis skills, more powerful than possessing knowledge of the influences of governments, economies and companies is so simple it is overlooked by vast majority of traders. And the key is "no emotions". Your emotions are in charge if you get frustrated by your losses, if you get very excited by your wins, if you are chasing trades to make profit; if you are beginning to think that forex is a waste of time or a scam. It is your emotional attachment that will stop you from banking your profit when you have reached your desired goal (greed is an emotion); that will stop you from pulling out of a losing trade in the belief that things will turn around (fear of loss is an emotion); that will get you to enter a trade because you feel the market will move in the direction you would like (feelings are an emotion). One of the best on removing "Trading the zone" by Mark Douglas which looks at emotions in trading. Highly recommended. At this point, I would strongly encourage anyone to access Mr Spocks Forex Trading School. Although a Vulcan mind management 101 forex course would be worth its weight in gold. Forex trading, has no room for emotions, forex trading is only successful when trades are planned and executed ruthlessly and without any emotion. Never forget though, the forex market is a wild stallion, that will not be tied down and able to plunge any trader of its back. At most all a trader can do is to try to predict how the market will perform. Just when a trader thinks that trade has a 100% chance of success, something will happen and a guaranteed win will become a loss. There is only one certainty in forex trading and that is there is no certainty in forex trading. That does not of course mean that forex trading is a case of luck Everyone must create their own trading strategy. However, I would strongly encourage anyone starting in Forex Trading to find a way of ensuring that work on developing the right mind set for trading. So whether your strategy is based on technical analysis or trading the fundamentals or it is essential that the trader has the right attitude. That is the single most important key to running a successful home forex business. Kaz Kowalski has been providing specialist project management support on a number of high profile projects across a variety of industries including Banking, Information Technology, Telecommunications and other industries for over for over 20 years. He has always had an interest in personnal growth and financial security. Setting up a home forex business became his preferred way of achieving financial independance. |
| Forex Robots - Good or Bad for a Home Forex Business? Posted: 21 Sep 2013 10:58 AM PDT  When people first start trading, many look for the best way to make a good profit as quickly as possible from their home forex business. There is nothing wrong with that, in fact it is the primary reason for going into business. One of the tools that is often marketed at traders are Forex Robots, also known as Expert Analysts or simply EAs. First of all what are Forex Robots? Well, for those with an active imagination, please dispel any image of a robot calmly telling you when to enter a trade or flaying its arms in the air as it shouts out "warning, warning exit a trade." The large financial institutions have spent millions on developing software solutions to aid their professional traders. Luckily for us, we can buy them for a few hundred dollars directly off the internet. And no, I do not mean the same ones that cost millions for the banks! Why use forex robots? Well it seems that for the new trader, a lot of the marketing suggests that Forex Robots (or EAs) are just what they need. They list some of the benefits to a trader: They do not need to spend time trying to understand the technical side of trading They do not need to spend hours looking at charts in order to identify trades They do not need to have any knowledge of forex trading And by eliminating the "human" component risks are reduced as the robots do not experience any of the emotions that we do. There are many EAs being marketed. How is the trader to decide on which one to choose? In order to entice the new trader, internet marketers often provide testimonies of how their accounts have grown over a given period e.g. one, three or six months. Also claims are made on how a given EA has been able to be successful over a period of "back testing." Back testing is the process by which actual historical data is used to prove the validity of the software. Another reason that forex robots appear to be so attractive is that they are promoted as allowing a trader to develop his forex skills and his own trading strategy whilst making money at the same time. I do not doubt that there are people who have made money from using these tools. So by the sounds of it, these Expert Advisers must be the "golden goose" of forex trading. I personally, however, have a few words of caution for anyone thinking of using an EA. Firstly, I have reservations about any piece of software that claims to be able to consistently place trades winning in the long-term. The markets are simply changing too much. All too often I have heard about people who have used Forex Robots and have had substantial loses. Most of the Forex Robots limit themselves to a limited number of currency pairs. I personally have a core of six currency pairs that I use, although the skills that I have learnt I also use successfully on other currency pairs as well as indices. Just to make it interesting, one of the strategies can be used on commodities as well! This leads onto another key point. In my trading, I have a core strategy which covers maybe 75% of my trades. However, I also have a strategy for trading in the medium and long-term. This ensures that I am generating income in a number of different ways. Forex robots do not have this flexibility. One of the constants in the financial markets is change. One of the drawbacks of the majority of software is that it is unable to operate to the same level of success in differing conditions. A human can adapt. There are other points I could make. However, my personal viewpoint would be not to spend money on EAs. Instead invest in a good education, develop the correct mind-set and attitude to succeed, acquire the understanding of how the markets work, of technical analysis and apply them to the trading strategy. The best expert advisor as far as I am concerned is man himself. With the basics mastered you will be able to adapt your strategies in line with market conditions and make significant profits where no robot can. By investing in ones future I am convinced that a trader will find themselves in a very strong position to be highly successful. Kaz Kowalski has been providing specialist project management support on a number of high profile projects in blue chip companies across a variety of industries including Banking, Information Technology and Telecommunications. This experience has proven valuable in evaluating various marketed income streams. He strongly believes that running a Home Forex Business is the most satisfying and profitable means of achieving financial freedom. His passion for forex trading drives him to let as many people as possible be aware of the enormous achievable potential of running a home forex business. |
| A Home Forex Business Really Is a Business Posted: 21 Sep 2013 10:49 AM PDT <a href="http://clicks.hyaffiliates.com/afs/come.php?id=285&cid=49336&atype=1&ctgid=10" target=_self> <img src="http://ads.hyaffiliates.com/afs/show.php?id=285&cid=49336&ctgid=10" width="468" height="60" border=0> </a> One of the keys in running a Home Forex Business is to remember that this really is a business. This may seem an obvious thing to say, but it is safe to say that many who enter forex trading simply forget one of the key commandments, "Thou shalt remember why you are trading". This commandment is very simple; you are in forex trading only to run a business that will make money. Unless of course you are looking at forex trading as a hobby, something to do to earn some additional money, or just pay for the car, holiday house etc. Let me be blunt, if that is all you want, they you are missing out on using a tool that will enable to achieve certain financial success. Please note - the certainty will only come in with commitment, perseverance and good strategy. It is true that forex trading can be fun; there is the thrill of the trade, the joy of wining and the pain of losing. It can be seen as a hobby, something to pass time instead of watching hours of television. For some it is simply seen as a bet, a gamble similar to placing a bet on a sporting event. I did hear a professional horse betting person say how amazed he was with the returns offered on the trading strategies that I adopt. When he saw how forex trading worked, he said would never return to professional gambling. The objective of any business is first and foremost to make money and to minimise loses. A business needs a goal and a plan to achieve that goal. When I started, I set myself a goal of making 1% growth a day. So from a practical point of view how is this possible? As an example, assuming a trader starts with a bank (the amount held in a brokers account) of 1,000 units (I use units as any currency can be used) and he is willing to risk 5% of my bank (50 units). For my trades I set a stop-loss at 30 points (pips). The amount I will therefore trade is 50/30 which gives 1.67 units per pip. If the target is to grow my bank by 1% a day (so in this example 10 units) then in order to get the 10 units my trade ( or trades) I would need to have a profit of 10/1.67 which is only 6 pips a day. That is not much, some may argue and I would agree. But remember, the growing slowly for most people is by far the best strategy. And never ever underestimate the effect of compound growth when trading. A repeatable, low risk forex trading strategy will bring much better returns for many people Now 1% may not sound much, so how much is it? Let's assume 20 trading days a month over a year would give 240 trading days. So one may assume that would mean at the end of the first year, a 1000 unit fund would grow to 2,400 (10 * 240) units - a growth of 240% a year. Compared to a bank, well actually one cannot compare at all. However, the strategy I adopt is to use the law of compounding. The effect is startling. By compounding and maintaining the same risk element mentioned earlier (5%) then at the end of one year, the 1000 units has now become almost 9,000 units!!! That is why I always trade a percentage of my bank and never ever trade more than 5% of my bank. I say this from experience, doing so will hurt your pocket especially in the early days. Adopting this strategy is one of the most important keys to ensuring that profits are achieved as well as losses are minimised. This single lesson was one of the most important strategies that I learnt from traders who made over 29,000 (yes twenty-nine thousand) pips/points in 19 months. Actually, in reality they made more, the figure of 29,000 is based on the trades they took and encouraged members to do likewise during three daily two-hour sessions who watched as they placed live trades. It was their approach to trading that totally transformed my trading. Running a successful home forex business is achievable to anyone who remembers this rule to remember why you are trading. Kaz Kowalski has been providing specialist project management support on a number of high profile projects in blue chip companies across a variety of industries including Banking, Information Technology, Telecommunications. This experience has proven valuable in evaluating various marketed income streams. He strongly believes in running a profitable Home Forex Business. |
| The 10 Commandments of Running a Successful Home Forex Business Posted: 21 Sep 2013 10:47 AM PDT "Forex is trading is so easy! You too can make 9,000 in one week within a month of starting to trade, you do not need any experience to be a highly successful trader." Have you ever seen those all similar sorts of claims? I have and I wished so much for them to be true! In my quest for this "hidden treasure" I have spent thousands searching for the illusive keys that would how me how to achieve success in running a home forex business. Yes, you can make 9,000 (in any currency) in one week, and you can do that if you have a large bank or are extremely lucky And it is true, you do not need any prior experience to start trading, but you do need experience in order to trade successfully. In this article would like to share a summary of some of the key lessons that I have learnt. They are written for the prospective traders so that they may learn from my mistakes and enjoy the benefits that forex trading can bring. I call these the Ten Commandments of Successful Forex Trading. 1. Thou shalt start small and grow! When looking at all the marketing literature that is available, it is no surprise that so many people decide to enter forex trading. Sadly within a short length of time many leave with their tail between their legs. The vast majority of people who have failed have forgotten the first commandment of Successful Forex Trading. ALL traders lose, the question is how much they lose and also how much they learnt from their losses. 2. Thou shalt remember why you are trading This commandment may seem to be too obvious to even mention, but people do forget. You are forex trading for one reason and one reason alone. To make money! Of course, the driving force, the goal, the dream behind wanting to make money is important. The dream or goal will never be met unless the trader remembers maximise his gains and minimise his losses 3. Thou shalt only trade with money that you can afford to lose Forex trading is a leverage product allowing you to win and to lose quickly! Adopt a strategy that will ensure that the funds you make available will not affect your life if you lose it. This is not meant to be pessimistic. When starting trade with what you can afford to lose. As your bank grows, return your funds that you initially deposited back to your own bank, then you will only be trading with trading gains. 4. Thou shalt trade within a defined plan Some wise person once said "Nobody plans to fail, but many people fail to plan". This is true of running a Home Forex Business. Anyone who enters into a business would not be able to obtain funding from a bank without a business plan. And yet many people feel happy to jump into forex trading with a minimum of planning or trading strategy. 5. Thou shalt not chase gains after having loses I picture a dog chasing its tail whenever I think of this commandment. There is something about accepting a losing trade gracefully as long as one has performed the diligence to ascertain the correctness of the trade. The successful trader realises that trades will come to him as long as he has the correct plan and is executing it. One of the signs that a trader does not fully understand the forex market is when he sells a winning position in order to support a losing one. This is not good practise! 6. Thou shalt not lie to oneself about ones loses Nowadays many are "conditioned" into wanting to find someone to blame for everything that goes wrong. You will make mistakes, that is 100% guaranteed. You must learn to face the music and accept that what happened to the trade. 7. Thou shalt look for reasons NOT to trade This one may sound strange as it is contrary to what many people are taught. However, if a trader learns to look for those indicators that will prevent a loss, the remaining trades (and they do appear time and time again) will ensure he remains highly profitable. 8. Thou shalt maximise ones profits This commandment manifests itself in a forex home business by increasing your winnings and minimising your gains. The trading strategy that you adopt should ensure that you can successfully replicate your winning trades and minimise (note not eliminate, because even the best traders lose trades). This will include the correct use of Stop losses. 9. Thou shalt learn before, after and during a trade In high level terms, the delivery of a project is based on three high level stages. First define the objectives and how you plan to achieve them. Secondly manage the execution of the plan as closely as possible in order to achieve the objective. And thirdly on completion, conduct a lessons learnt exercise, review what went well, what went badly and examine the benefits. 10. Thou shalt respect that market Any trader who believes that he has conquered the market, fully understands a market is living an illusion. Yes, it is possible to have an understanding just as sailors of old had an understanding of the seas and weather sufficiently to help them get to their goal. Unfortunately not all do. Kaz Kowalski has been providing specialist project management support on a number of high profile projects across a variety of industries including Banking, Information Technology, Telecommunications. He has been successful in running a profitable Home Forex Business. |
| Forex Trading Strategies For A Successful Forex Business Posted: 21 Sep 2013 10:38 AM PDT The business of forex trading is a little complicated. The forex trader has to take many factors into consideration, as these factors have a direct impact on the foreign exchange rate. These fundamental factors include the political ups and downs, economic policies of the State or country and soon. Certain news and events also have a bearing on the forex rates. Thus, a forex trader has to adopt the right forex trading strategies, so that they are able to trade in the right manner and also make profits.As part of the forex business, a forex trader needs to be well informed and educated about relevant data and forex strategies well in advance. There is no room for guesswork, as we can never be sure about how economic markets will react to a particular event or incident. Also, forex traders need to be in touch with people who have years of forex experience and know the nuances of this business. Technical analysis and statistical data are also other weapons or forex trading strategies, which will guide you in the right manner.The forex business has a turnover of a whopping three trillion dollars day in and day out. All of us are aware that this market operates round the clock. This market is a world's liquid market. Traders who intend diversification of their investment portfolio's, should go in for forex trade. As compared to other businesses, this is the only market which operates through day and night. There are many financial and commercial institutions, Banks and individual investors making an entry into forex business. Those of you, who seriously want to participate in this business, should first and foremost understand the trading strategies. This can be achieved by enrolling in a reputed forex online course or get trained under an experienced and professional person.It is important to follow consistency when adopting the forex trading strategies, so that it works to your advantage. Factors like the GDP of a country, the trade balance, the budgets announced by the Government and the unemployment/employment ratio need to be considered. This valuable information is available on the internet and you need to research and find out more about other factors which may have an effect on the overall forex trade. Trading strategies come in handy to determine the extent and direction towards which the forex market leans. The forex trader may choose to purchase or sell depending on these curves. When it is low, some of them may want to sell or buy. Large Forex traders may want to sell the forex, when the exchange rate is higher and purchase when the currency rate has fallen.Depending on the forex strategies, the trader may want to take a decision as regards purchase and sale of forex. Go through well researched and qualitative articles written by the author on for forex trading, as they can help and guide you in taking the right decisions. |
| The Right Way to Start an at Home Forex Business Posted: 21 Sep 2013 10:33 AM PDT The growing popularity of Forex trading has caused many people to become interested in Forex trading as a home business opportunity. Here are a few things that you will need to get your Forex business started off on the right path. Home Forex Business Plan -- We are all familiar with the saying, "if you fail to plan, then you plan to fail". To be successful in any business venture you will need to have a business plan. You'd be very surprised at how many people will start a business, without really knowing how that business is supposed to make money. So your very first step is going to be to write a business plan. It doesn't have to be super long to start with because you can always revise and add to it at a later date. The important thing is that you put something down on paper about where you would like your Forex business to go and how you plan to get there. Business Working Capital -- You'll need working capital that is in line with the goals for your Forex business. Quite naturally if you plan to make $20,000 in your first year of business then opening a Forex account with $100 will not make much sense. According to the Small Business Administration the number one reason that beginning businesses fail is lack of sufficient working capital. A Good Place to Work -- You will need to set up a Forex trading office that is as free from distractions as possible. You'll also need to give yourself sufficient room to work as well as room to get and stay organized. Make certain that you choose a space where it is possible for you to focus on the tasks at hand. A Profitable Forex Trading System -- You will need a profitable Forex trading system in order for your at-home Forex business to be successful. Even if you have all of the other factors for a successful business in place you cannot make money without a good trading method. A Good Forex Broker -- You will need a broker that you can trust who can also deliver you the most reliable execution as well as the lowest possible transaction costs. Reliable Software and Equipment -- It is important to have a Forex trading platform that you can depend on. This is why it is important to try out several of them before you decide which one you will use for your business. You will also want to make certain that you have reliable computer equipment as well as a solid Internet connection for placing online trades. Starting an at home Forex business is doable and can be very profitable. Simply make certain that you have planned ahead and set yourself up to be successful. Discover the best Forex Trading System Software tips, tricks, and techniques at Forex Examiner. Start to trade profitably with our free Forex trading report. Grab your copy at http://goo.gl/YFlkuh now. |
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