The Indian economy is growing faster. This is one of the best among developing economies in the world. You can say the best emerging economy in the world. The fair is a reflection of the economy. Of course, the stock market in India is rampant. Sensex (One of the best index of the Bombay Stock Exchange) has climbed from 3000 to 22,000 in the last five years, and is expected to reach 40,000 in the coming years. Now every day trader and investor enjoys sweet taste of the stock. All more or less every day, many stock prices have risen. Some of them are heating the upper range (5%, 10%, 20%).
It is a very rich to invest in Indian stocks. A large number of foreign institutional investors (FII) has invested Rs. 241,660 Crore (61382311500USD) in India so far, and this number is growing by the day. A large number of pending piping and believed to be in the next day.
NECs (National Stock Exchange) and BSE (Bombay Stock Exchange) are two of the best fairs in India. Although there are many exchanges, but these are the two most important. The Bombay Stock Exchange or BSE is the oldest stock exchange in Asia. Sensex is the main BSE index and handy for the NECs. Sensex consists of 30 shares and 50 stocks handy. You will find a large number of different sectors to invest in. Nearly 100 Blue Chip stocks and the quality of 250 MID-CAP shares are listed and 500 Small-Cap, many of which have the potential to be a large cap in the future are available to invest. You need to find a suitable warehouse.
Tags: stock market, reflection, investor, stock prices, day trader, india, piping, different sectors, sweet taste, indian economy
Sunday, May 31, 2009
Top 10 Share Market Tips
There are many brokers, companies and forums which provide share market tips and tricks for safe investment. They claim and guarantee your success in share markets. A large number of people invest in share markets out of which some succeed and others fail. There are no hard and fast rules to succeed in share market business because it is a matter of your experience, knowledge and analysis. However there are some guidelines that can help and lead an investor in the direction of success.
You should set some rules and regulations for yourself to follow. These rules can consist of tips, personal experience, or various investment strategies. You should be firm on these rules for the success of your investment. An undisciplined and inconsistent investor cannot make profit from share market. Following the trends of market is not your success because your success lies in your set rules so stick with them. There are tips and guidelines to succeed in share market but practice of your rules and tips according to the situation can bring profit for you.
Enhance your knowledge and experience to make sound decisions. You can consult experts and advisors to know tips and tricks of the share market. It is not necessary that they would tell you how to make money but they can guide you in the right direction. Try to learn from your experiences and from other experts making business successfully. Our share market is diversified and dynamic so an investor should have done his or her home work before investment. A good experience and knowledge is required to be at the top of the all. If there is something new then try to know it because it will be an addition in your experience. You should know all important terms used in share market because they will make it easy to understand things. Be ready to face hardships in the way of your success in such investments.
It is very important to have clear idea that how much money you want to invest in share market. Don’t be greedy just try to obtain comfortable profit from your investment. Value of your investment will go on and you will earn profit. You can also face loss so don’t put everything in your business because you can loose everything too.
You should not restrict yourself on buying or selling of shares because it can bring loss. You should follow market trend in buying and selling shares. Prices of some shares move up and down at regular intervals so you should pick a value when they are about their bottom price and sell when it is on peak.
You need to control risk by protecting your capital. Investors who love to take risk often loose their capital in their experiments. But those who are careful and invest intelligently become successful in saving it. Let the capital base of your investment grow because it is useful to work in share market. Don’t loose profit of your previous investments if your current investment fails. It is a general tip of share market that an investor
should not risk more than 3% of his or her portfolio in any investment.
Don’t apply stupid things in your investment to loose money because many investors loose money in this way. If your investment is turning out to be a bad investment then don’t wait that it will be ok itself. Set your mind on the percentage which you can loose and invest it again in some other shares. You should be disciplined or follow your set rules to continue your business. You should be able to find an exit point in your investment in case of loss.
In contrast to the above tip, if the value of a share is rising high don’t bring fears in your mind that it will go down quickly. Take time because at such conditions fortunes work and you have to let it do its work. If the rise is unexpected then it is a matter of luck because we have heard stories of obtaining huge amounts of profits. It can be a good time for you so decide intelligently to avail the opportunity. If the value of share starts down then close it and obtain your profit. It is better to take this small risk instead of huge amount of profit.
You should be mentally free to play with your whole strengths and investment in share market. Investment in share market is not beneficial all the time. Once you earned profit from a trade then it is not necessary that you will earn it again from your other transactions. You should be strong psychologically otherwise you cannot focus on your investment and will make improper judgments. You cannot make money from such conditions when your decisions are not according to the situation. You enjoy your work when you are successful and it becomes a fun for you.
Your fortune needs consistency and discipline which an average trader doesn’t have. You should not attach fortune and hopes with each and every investment because it is not possible that every investment would make you millionaire. Those who think such luck or fortune everyday soon loose what they have. Play confidently and with hope but don’t wish extraordinarily.
Once a person obtains reasonable profit immediately against his invested money he becomes hungry to earn more and more profit. But you should invest up to your comfortable level. Moreover don’t decide on the base of your consensus with others because it is not a guarantee of your success. In share market views can vary because there is always difference of opinions.
You should join a forum, association or people to obtain ideas and knowledge about share market. You should have basic knowledge of the share market and try to continue it by visiting various websites and forums. In start people afraid of investing money in share market but with the passage of time they become expert and trained in this business.
You should set some rules and regulations for yourself to follow. These rules can consist of tips, personal experience, or various investment strategies. You should be firm on these rules for the success of your investment. An undisciplined and inconsistent investor cannot make profit from share market. Following the trends of market is not your success because your success lies in your set rules so stick with them. There are tips and guidelines to succeed in share market but practice of your rules and tips according to the situation can bring profit for you.
Enhance your knowledge and experience to make sound decisions. You can consult experts and advisors to know tips and tricks of the share market. It is not necessary that they would tell you how to make money but they can guide you in the right direction. Try to learn from your experiences and from other experts making business successfully. Our share market is diversified and dynamic so an investor should have done his or her home work before investment. A good experience and knowledge is required to be at the top of the all. If there is something new then try to know it because it will be an addition in your experience. You should know all important terms used in share market because they will make it easy to understand things. Be ready to face hardships in the way of your success in such investments.
It is very important to have clear idea that how much money you want to invest in share market. Don’t be greedy just try to obtain comfortable profit from your investment. Value of your investment will go on and you will earn profit. You can also face loss so don’t put everything in your business because you can loose everything too.
You should not restrict yourself on buying or selling of shares because it can bring loss. You should follow market trend in buying and selling shares. Prices of some shares move up and down at regular intervals so you should pick a value when they are about their bottom price and sell when it is on peak.
You need to control risk by protecting your capital. Investors who love to take risk often loose their capital in their experiments. But those who are careful and invest intelligently become successful in saving it. Let the capital base of your investment grow because it is useful to work in share market. Don’t loose profit of your previous investments if your current investment fails. It is a general tip of share market that an investor
should not risk more than 3% of his or her portfolio in any investment.
Don’t apply stupid things in your investment to loose money because many investors loose money in this way. If your investment is turning out to be a bad investment then don’t wait that it will be ok itself. Set your mind on the percentage which you can loose and invest it again in some other shares. You should be disciplined or follow your set rules to continue your business. You should be able to find an exit point in your investment in case of loss.
In contrast to the above tip, if the value of a share is rising high don’t bring fears in your mind that it will go down quickly. Take time because at such conditions fortunes work and you have to let it do its work. If the rise is unexpected then it is a matter of luck because we have heard stories of obtaining huge amounts of profits. It can be a good time for you so decide intelligently to avail the opportunity. If the value of share starts down then close it and obtain your profit. It is better to take this small risk instead of huge amount of profit.
You should be mentally free to play with your whole strengths and investment in share market. Investment in share market is not beneficial all the time. Once you earned profit from a trade then it is not necessary that you will earn it again from your other transactions. You should be strong psychologically otherwise you cannot focus on your investment and will make improper judgments. You cannot make money from such conditions when your decisions are not according to the situation. You enjoy your work when you are successful and it becomes a fun for you.
Your fortune needs consistency and discipline which an average trader doesn’t have. You should not attach fortune and hopes with each and every investment because it is not possible that every investment would make you millionaire. Those who think such luck or fortune everyday soon loose what they have. Play confidently and with hope but don’t wish extraordinarily.
Once a person obtains reasonable profit immediately against his invested money he becomes hungry to earn more and more profit. But you should invest up to your comfortable level. Moreover don’t decide on the base of your consensus with others because it is not a guarantee of your success. In share market views can vary because there is always difference of opinions.
You should join a forum, association or people to obtain ideas and knowledge about share market. You should have basic knowledge of the share market and try to continue it by visiting various websites and forums. In start people afraid of investing money in share market but with the passage of time they become expert and trained in this business.
The Internet and the Share market
The Internet and Information Technology in contemporary Western society have played a pivotal role in advancing the pace of humanity, and assisting with lifestyle needs. However, it is clearly demonstrated with business investments such as the share market that the Internet has become a tool to assist the growth of investments and businesses as well. There are many ways in which the Internet has assisted in promoting the share market and also in educating people on how to invest their money wisely. For example, although many academics would argue that the Internet only provides information that is biased towards corporations that are listed on the share market, others would argue that the Internet is only biased to a limited extent as clients of the share market also have the power to write about their experiences and teach people about wise investing.
The Internet has provided access for companies such as Park Lane Information Technology to advertise their expertise on the Internet in order to promote the share market as well as increasing their public relations skills in the area. For example, by Park Lane Information being able to have the opportunity to advertise their services on the Internet, clients can be assisted in areas such as advertising and education about share market software available on the Internet, 24 hour client support, as well as providing an open information environment. Also, The Internet has played a pivotal role in the popularity of the share market. Citizens in Western developing nations are often encouraged by the Internet to take risks in the share market due to online advertising and extensive tutorials on websites showing potential customers how to utilize the share market effectively.
There are numerous incidences where the News that is broadcasted on the Internet will have an effect on the international share market. "The Asian Financial crisis that was started in Thailand in 1997 heavily affected the share market." (Wikipedia, 2005, p: 1). Many people argued that the Internet played an important role in the Asian Financial crisis because of the research that had enabled the entrepreneurs to keep track of the share market. For example, "Early May (1997) - Japan hints that it might raise interest rates to defend the yen. The threat never materializes, but it shifts the perceptions of global investors who begin to sell Southeast Asian currencies, and sets off a tumble both in currencies and local stock markets." (CRS Report, 1998 p: 2). Though the Internet is not directly responsible for the Asian Financial Crisis situation, it is responsible in some respect due to large media coverage as the Internet is a popular
medium for the media.
However, Internet also plays a very exciting role in terms of an entrepreneur being able to keep track of their own shares, which will enable them to play a vital role of making financial decisions. As taught by Adam Smith and his theories of supply and demand, nations that have been dominated by Western culture operate on a want and needs basis, which then affects the supply and demand curve. Hence, the Internet is a place where consumers can place their demands, in order to receive the supply. In relating this to the share market it can be viewed that fast and reliable information has provided a situation where shareholders are now able to make decisions in regards to their shares just by gaining access to the information based on Internet research, or information sent to them in an email by their representatives or share companies.
Finally, the information that is gained on the Internet can sometimes be biased and aimed at promoting the company's public relations and advertising, as opposed to assisting in the decision making process of the shareholders. However, the advantage of the Internet is that it is a free environment where consumers who are involved in the share market are also able to choose whether or not they will publish their experiences to the public. The future of the welfare of each society is dependent upon how well they adapt to globalization and cultural homogenization, hence the Internet can be used as a tool for achieving this goal for people who want to participate in a capitalist society.
The Internet has provided access for companies such as Park Lane Information Technology to advertise their expertise on the Internet in order to promote the share market as well as increasing their public relations skills in the area. For example, by Park Lane Information being able to have the opportunity to advertise their services on the Internet, clients can be assisted in areas such as advertising and education about share market software available on the Internet, 24 hour client support, as well as providing an open information environment. Also, The Internet has played a pivotal role in the popularity of the share market. Citizens in Western developing nations are often encouraged by the Internet to take risks in the share market due to online advertising and extensive tutorials on websites showing potential customers how to utilize the share market effectively.
There are numerous incidences where the News that is broadcasted on the Internet will have an effect on the international share market. "The Asian Financial crisis that was started in Thailand in 1997 heavily affected the share market." (Wikipedia, 2005, p: 1). Many people argued that the Internet played an important role in the Asian Financial crisis because of the research that had enabled the entrepreneurs to keep track of the share market. For example, "Early May (1997) - Japan hints that it might raise interest rates to defend the yen. The threat never materializes, but it shifts the perceptions of global investors who begin to sell Southeast Asian currencies, and sets off a tumble both in currencies and local stock markets." (CRS Report, 1998 p: 2). Though the Internet is not directly responsible for the Asian Financial Crisis situation, it is responsible in some respect due to large media coverage as the Internet is a popular
medium for the media.
However, Internet also plays a very exciting role in terms of an entrepreneur being able to keep track of their own shares, which will enable them to play a vital role of making financial decisions. As taught by Adam Smith and his theories of supply and demand, nations that have been dominated by Western culture operate on a want and needs basis, which then affects the supply and demand curve. Hence, the Internet is a place where consumers can place their demands, in order to receive the supply. In relating this to the share market it can be viewed that fast and reliable information has provided a situation where shareholders are now able to make decisions in regards to their shares just by gaining access to the information based on Internet research, or information sent to them in an email by their representatives or share companies.
Finally, the information that is gained on the Internet can sometimes be biased and aimed at promoting the company's public relations and advertising, as opposed to assisting in the decision making process of the shareholders. However, the advantage of the Internet is that it is a free environment where consumers who are involved in the share market are also able to choose whether or not they will publish their experiences to the public. The future of the welfare of each society is dependent upon how well they adapt to globalization and cultural homogenization, hence the Internet can be used as a tool for achieving this goal for people who want to participate in a capitalist society.
Market Share Solutions Through Booklet Printing
Getting that bigger chunk of the market share pie is one of the major goals in business. Business executives use a myriad of techniques and strategies to keep that piece of pie as big as possible. From mass media promotional campaigns like booklet printing, television commercials, publicity stunts and celebrity endorsers, the sky is the limit to anything that you can do to increase your market share. However, did you know that cheap booklet printing is the best and most cost efficient market share solution for all those stated? Not many people know this, but booklet printing has the potential to make your company an authority figure for your industry, garnering the largest percentage of the market share.
Establishing your Credibility through booklets:
Credibility of the company and credibility of the product are the main reasons why some businesses get the bigger part of the market share in their industry. Establishing a good and credible brand ensures a business of a loyal consumer base that trusts them in terms of the safety and price of a product. Booklet printing can establish this credibility by informing people about the science, credentials and guarantees of your business products. You can publish a series of booklets detailing the specific facts about your products, how they work and the scientific rational behind them. You can hire professional scientists to confirm your facts and you can have researchers produce statistics that further reinforce the image of an effective product. When people read your booklets, they should form a nice and credible image of your company which can garner you their trust and loyalty.
Making yourself an Authority
Besides showing that you are credible in your field, you can also use color booklets to make yourself an authority on the industry. To this, you have to publish booklets that discuss everything and anything about the business field you are in. If your product is about certain kinds of herbal medicines for example, or other special product offerings, you can discuss a myriad of topics that are related to those products. Topics like the science of herbal medicine, proper techniques of consumption, tips on buying, alternative medicine and others would be a good idea to produce in booklet form. By discussing a wide scope of the details of your field, you will be eventually known as an authority figure. People will recognize your name or your company's name as an expert on the subject, and they will follow your example as you consume the product that you are
working with.
Constant market presence
As an authority figure however, you also need a constant market presence so that you can maintain your market share numbers. This means that for your company booklet printing, it is a must to publish several color booklets throughout the year so that you or your company can be kept visible in the market. People must always know that you are there still creating the best products that people want. If you don't establish a constant market presence, you can also kiss your market share good bye as it will fade as you slowly fade from the minds of consumers. So always keep that market presence up through booklet printing.
In the end, you will see that booklet printing is a subtle but effective tool to gain a market share foothold in an industry. In fact, by establishing yourself as a credible authority for the field of your product, you can say that booklet printing is in fact a great business builder to create a good and profitable business environment through increased market share.
For comments and inquiries about the article visit Booklet Printing and Cheap Booklet Printing
Establishing your Credibility through booklets:
Credibility of the company and credibility of the product are the main reasons why some businesses get the bigger part of the market share in their industry. Establishing a good and credible brand ensures a business of a loyal consumer base that trusts them in terms of the safety and price of a product. Booklet printing can establish this credibility by informing people about the science, credentials and guarantees of your business products. You can publish a series of booklets detailing the specific facts about your products, how they work and the scientific rational behind them. You can hire professional scientists to confirm your facts and you can have researchers produce statistics that further reinforce the image of an effective product. When people read your booklets, they should form a nice and credible image of your company which can garner you their trust and loyalty.
Making yourself an Authority
Besides showing that you are credible in your field, you can also use color booklets to make yourself an authority on the industry. To this, you have to publish booklets that discuss everything and anything about the business field you are in. If your product is about certain kinds of herbal medicines for example, or other special product offerings, you can discuss a myriad of topics that are related to those products. Topics like the science of herbal medicine, proper techniques of consumption, tips on buying, alternative medicine and others would be a good idea to produce in booklet form. By discussing a wide scope of the details of your field, you will be eventually known as an authority figure. People will recognize your name or your company's name as an expert on the subject, and they will follow your example as you consume the product that you are
working with.
Constant market presence
As an authority figure however, you also need a constant market presence so that you can maintain your market share numbers. This means that for your company booklet printing, it is a must to publish several color booklets throughout the year so that you or your company can be kept visible in the market. People must always know that you are there still creating the best products that people want. If you don't establish a constant market presence, you can also kiss your market share good bye as it will fade as you slowly fade from the minds of consumers. So always keep that market presence up through booklet printing.
In the end, you will see that booklet printing is a subtle but effective tool to gain a market share foothold in an industry. In fact, by establishing yourself as a credible authority for the field of your product, you can say that booklet printing is in fact a great business builder to create a good and profitable business environment through increased market share.
For comments and inquiries about the article visit Booklet Printing and Cheap Booklet Printing
PRACTICAL ADVICE ON SHARE MARKET INVESTING
Many people have a bad experience when investing in the stock market and never return. The best way to avoid such an experience is to never rely fully on tips you read about, or the advice of a stock broker, without also doing your own research.
Publications that operate as stock-picking tip sheets often have high credibility but are not infallible. Always evaluate the industries the companies operate in and do your own research as well as consider the writers’ recommendations. For instance, are you comfortable with investing in an industry like information technology or biomedicine if you do not understand either sector? Renowned investment guru Warren Buffett once said he never invested in any company in an industry he did not understand.
Stock brokers can give good advice but they are also out to make money for themselves through commissions. The more you trade the more commissions for the broker. Never automatically accept any recommendation your stock broker makes without considering the possibility of the brokerage receiving commissions from the company concerned for recommending the stock. This, in itself, does not mean that the company is not sound, the potential conflict of interest is obvious.
The one mechanism for knowing the true value of a company that every investor needs to understand is the price to earnings ratio (P-E). This is a tremendously powerful instrument in determining whether the company you invest in is under-valued or over-valued in terms of its trading position. The price to earnings ratio has the greatest effect on share price. In the case of a company earning 15c per share and trading on a P-E of 10 times, if this stock was to change to trading on a P-E of 20, its share price would be $3.00 not $1.50. As a result, the share price would have doubled in value despite earnings not increasing. The level of confidence in this company’s future is the only thing that would have
changed.
While share market investing will always have its difficulties, and money can be lost as easily as made, there are few better ways to make money than the share market if a few important principles are followed:
1) Do not blindly follow investment trends just because everyone else is doing so;
2) Always understand the industry and company in which you plan to invest;
3) Always check for exposure to high debt levels and make sure the company is trading below its real value when purchasing its shares.
Publications that operate as stock-picking tip sheets often have high credibility but are not infallible. Always evaluate the industries the companies operate in and do your own research as well as consider the writers’ recommendations. For instance, are you comfortable with investing in an industry like information technology or biomedicine if you do not understand either sector? Renowned investment guru Warren Buffett once said he never invested in any company in an industry he did not understand.
Stock brokers can give good advice but they are also out to make money for themselves through commissions. The more you trade the more commissions for the broker. Never automatically accept any recommendation your stock broker makes without considering the possibility of the brokerage receiving commissions from the company concerned for recommending the stock. This, in itself, does not mean that the company is not sound, the potential conflict of interest is obvious.
The one mechanism for knowing the true value of a company that every investor needs to understand is the price to earnings ratio (P-E). This is a tremendously powerful instrument in determining whether the company you invest in is under-valued or over-valued in terms of its trading position. The price to earnings ratio has the greatest effect on share price. In the case of a company earning 15c per share and trading on a P-E of 10 times, if this stock was to change to trading on a P-E of 20, its share price would be $3.00 not $1.50. As a result, the share price would have doubled in value despite earnings not increasing. The level of confidence in this company’s future is the only thing that would have
changed.
While share market investing will always have its difficulties, and money can be lost as easily as made, there are few better ways to make money than the share market if a few important principles are followed:
1) Do not blindly follow investment trends just because everyone else is doing so;
2) Always understand the industry and company in which you plan to invest;
3) Always check for exposure to high debt levels and make sure the company is trading below its real value when purchasing its shares.
Sharemarket Volatility and How Markets Rebound From Lows
Vanguard Investments have put together a really useful chart plotting the volatility of the Australian share index since June 1978. On the chart they have highlighted 7 significant share market falls of more than 10% over that period. The chart also tracks the length of the decline and the corresponding time taken to recover from the decline. - Click here to be taken to the chart - Australian Share Market Volatility
The average fall has been 21.2% with the average decline of 8.6 months. The more positive part of the chart shows that the average recovery period has been 15.3 months. Another statistic that is not included on the chart but has been widely reported is the average rebound from market lows over 12 months which has been 34% in Australia. See Vanguard's Robin Bowerman's blog for further commentary - Looking Back.
So where is the current Australian market?
The most recent low was reached on the 5th of August with the ASX200 falling to 4,758.5. The high can be tracked back to the 1st of November when the ASX200 reached 6,851.5. This is a fall of 30.55% over a period of just over 9 months. Comparing this to the past 30 years, this decline is one of the more severe (or has been one of the more severe for those who's glass is half full) - 3rd worst out of the last 8.
What insights can we learn from this data?
If you do not believe in market timing, then this data clearly shows the risk of pulling out of the market after the market has had a significant decline. Especially now after the market has already fallen over 30%. It could go further. The largest decline has been 43.5%. But the possible 12 month rebound, based on averages, would outstrip this further fall.
For those with a very long investment timeframe, the graph shows that the share market has always rebound and kept rising over time and overcome the market declines that are inevitable.
Of course, it could all be different this time.
The average fall has been 21.2% with the average decline of 8.6 months. The more positive part of the chart shows that the average recovery period has been 15.3 months. Another statistic that is not included on the chart but has been widely reported is the average rebound from market lows over 12 months which has been 34% in Australia. See Vanguard's Robin Bowerman's blog for further commentary - Looking Back.
So where is the current Australian market?
The most recent low was reached on the 5th of August with the ASX200 falling to 4,758.5. The high can be tracked back to the 1st of November when the ASX200 reached 6,851.5. This is a fall of 30.55% over a period of just over 9 months. Comparing this to the past 30 years, this decline is one of the more severe (or has been one of the more severe for those who's glass is half full) - 3rd worst out of the last 8.
What insights can we learn from this data?
If you do not believe in market timing, then this data clearly shows the risk of pulling out of the market after the market has had a significant decline. Especially now after the market has already fallen over 30%. It could go further. The largest decline has been 43.5%. But the possible 12 month rebound, based on averages, would outstrip this further fall.
For those with a very long investment timeframe, the graph shows that the share market has always rebound and kept rising over time and overcome the market declines that are inevitable.
Of course, it could all be different this time.
Stock market bubble in Hong Kong
Li Ka-shing, known in the region as Superman because of his investment reputation, says people should be careful about shares at the moment.
Hong Kong is in recession, but the Hang Seng has surged more than 50% since early March as foreign money has come into the stockmarket.
That compares with an overall fall in its value of 48% over the course of 2008.
Hong Kong is in recession, but the Hang Seng has surged more than 50% since early March as foreign money has come into the stockmarket.
That compares with an overall fall in its value of 48% over the course of 2008.
Make Easy Money With Automated Forex Trading Robots
Thanks to technology, almost all aspects of our lives have improved drastically. Everything can be done without breaking a sweat, like communicating with a loved one thousands of miles away in a matter of seconds, and a whole lot of other mushy stuff. When it comes down to speed, accuracy, consistency and convenience, the machines man has created are without doubt the best at carrying out jobs (in most cases). Moving forward, it’s time to discuss the main topic for today, which is all about automated forex trading programs. As we all know, the foreign exchange market events can happen in a matter of seconds, and you may get left behind.
Investors tend to waste too much time thinking whether they want in or out with it; wasting time is as good as throwing cash outside the window. That’s completely understandable though – the minds of men were never meant to crunch loads of information at super-fast speeds, unlike automated forex trading robots. These "bots" can make calculations and decisions in a matter of split seconds. It’s like have a team of mathematicians working 24/7 working statistics and placing your money on the best "bets". Let’s take a look at the following comparison between automated forex trading bots and amateur investors, ready? Here we go: humans tend to make wild guesses and go with their hunches from time to time.
They also have the tendency to make irrational decisions, without working out the odds of making a profit or not. Bots on the other hand never make uncalculated decisions. It’s nothing difficult for them to do of course, thanks to their tiny yet powerful "brains". Every single computation needed to be run, will be ran. That means they’ll trade when the odds of making a killing is statistically high, which works in your favor, naturally. They know exactly when to "pull out or get in", by constantly monitoring the trends and other factors effecting the stocks. Put a regular human in the same situation, and the odds of him spending too much time thinking things over will be good.
But people take advantage of the features and accuracy of the automated forex trading robot, and let it run on autopilot. Having it do all the work isn’t the wisest of ideas – you won’t be able to learn anything on how the foreign exchange market works. Well maybe you do know how things tick down their, but you won’t know how the bot you’ve purchased does its job. What you need to do is observe the methods that it uses, like when it makes the trade, how much it trades, and stuff like that. That way you’ll be improving yourself as an investor.
Now you’re probably wondering how much a trading robot will make you. According to many other users of the "little guy", it could dish out profits ranging from hundreds to thousands of dollars daily. However you look at it, getting one for yourself would be a sound investment. Many investors know this to be true, that’s why a large percentage of them are using them - maybe it’s time for you to join the club and purchase a stock trading robot of your own.
Investors tend to waste too much time thinking whether they want in or out with it; wasting time is as good as throwing cash outside the window. That’s completely understandable though – the minds of men were never meant to crunch loads of information at super-fast speeds, unlike automated forex trading robots. These "bots" can make calculations and decisions in a matter of split seconds. It’s like have a team of mathematicians working 24/7 working statistics and placing your money on the best "bets". Let’s take a look at the following comparison between automated forex trading bots and amateur investors, ready? Here we go: humans tend to make wild guesses and go with their hunches from time to time.
They also have the tendency to make irrational decisions, without working out the odds of making a profit or not. Bots on the other hand never make uncalculated decisions. It’s nothing difficult for them to do of course, thanks to their tiny yet powerful "brains". Every single computation needed to be run, will be ran. That means they’ll trade when the odds of making a killing is statistically high, which works in your favor, naturally. They know exactly when to "pull out or get in", by constantly monitoring the trends and other factors effecting the stocks. Put a regular human in the same situation, and the odds of him spending too much time thinking things over will be good.
But people take advantage of the features and accuracy of the automated forex trading robot, and let it run on autopilot. Having it do all the work isn’t the wisest of ideas – you won’t be able to learn anything on how the foreign exchange market works. Well maybe you do know how things tick down their, but you won’t know how the bot you’ve purchased does its job. What you need to do is observe the methods that it uses, like when it makes the trade, how much it trades, and stuff like that. That way you’ll be improving yourself as an investor.
Now you’re probably wondering how much a trading robot will make you. According to many other users of the "little guy", it could dish out profits ranging from hundreds to thousands of dollars daily. However you look at it, getting one for yourself would be a sound investment. Many investors know this to be true, that’s why a large percentage of them are using them - maybe it’s time for you to join the club and purchase a stock trading robot of your own.
Saturday, May 30, 2009
Mobile Phones – Most Demanding thing in the Market
Mobile phones have shown considerable potential in their ability to take in more mediums and offer multiple services. A mobile phone is naturally handy and it has established itself as the most sought after communication device. Besides communication it has also sought ways of converging with other forms of media into it to give a multi-purpose functionality. This is seen with its ability to multi-task by giving camera facility, music capability, storage ability, FM potential and much more. This adaptability of the mobile phone has paved its way of being the most user-friendly and popular convergent medium of all.
Due to the augmentation in competition manufactures are deploying ways to reduce the cost of the mobile phone. Mobile handsets are divided into categories like the entry-level models, mid-range products, high-range handsets and lifestyle phones. The entry-level models are constantly striving to lower their prices and at the same time offer additional features. The rise in competition is forcing handset makers to lower their cell phone costs while at the same time find ways to expand revenue by converging other services and facilities.
Mobile technology has been constantly altering to rope in newer media. Mobiles have entered the computers foray of internet facility and mobiles have adapted themselves to it and are performing quite well. Banking and making payments have been simplified and can be done through your mobile phone by sending a messaging or through internet. Mobile phones have replaced music players and are reducing the need of carrying numerous devices for various purposes. Mobile phones are intervening into all mediums and providing an all-round performance. There are obvious limitations to their performing abilities. Mobiles have extremely limited scope of expansion and this makes them obsolete after a new model has arrived.
The increasing number of players in the market has sparked the battle for survival. But when the fruit is highly delicious it is a lot more than just simply surviving. Now the race is to grab the maximum share of this high potential market. Necessity is the mother of invention. Players in the market have introduced innovative ways to attract maximum buyers. Innumerable promotions and offers are the bait to catch the big fish.
On the other hand the customers also have got accustomed to these promotions, so much so that, offers is another separate criterion to be looked upon before making a purchase. They too are a deciding factor of the product. This consideration is however rare in high end mobile phones.
Communication technologies are varied and widespread but the mobile phone is integrating them into one. sony ericsson mobile phones are known for their picture blogging facility. Smartphones of Nokia mobile are known for their e-mailing clients. Gaming has been redefined in mobile phones allowing several gamers to connect and compete.
Communication has been used in all forms to make the user more interactive. Though mobile phones have engaged a user it is building up a platform to make him interactive to a larger, diverse audience.
While e-mailing through phones was just limited to sending plain drafts, now communication technology in mobile phones has enabled sending across attachments. Moreover, even those attachments and files can be edited. Sending across photos was a hassle as you required a computer but now you can just click and send photos across the globe or put them up in you blog for sharing instantly.
Due to the augmentation in competition manufactures are deploying ways to reduce the cost of the mobile phone. Mobile handsets are divided into categories like the entry-level models, mid-range products, high-range handsets and lifestyle phones. The entry-level models are constantly striving to lower their prices and at the same time offer additional features. The rise in competition is forcing handset makers to lower their cell phone costs while at the same time find ways to expand revenue by converging other services and facilities.
Mobile technology has been constantly altering to rope in newer media. Mobiles have entered the computers foray of internet facility and mobiles have adapted themselves to it and are performing quite well. Banking and making payments have been simplified and can be done through your mobile phone by sending a messaging or through internet. Mobile phones have replaced music players and are reducing the need of carrying numerous devices for various purposes. Mobile phones are intervening into all mediums and providing an all-round performance. There are obvious limitations to their performing abilities. Mobiles have extremely limited scope of expansion and this makes them obsolete after a new model has arrived.
The increasing number of players in the market has sparked the battle for survival. But when the fruit is highly delicious it is a lot more than just simply surviving. Now the race is to grab the maximum share of this high potential market. Necessity is the mother of invention. Players in the market have introduced innovative ways to attract maximum buyers. Innumerable promotions and offers are the bait to catch the big fish.
On the other hand the customers also have got accustomed to these promotions, so much so that, offers is another separate criterion to be looked upon before making a purchase. They too are a deciding factor of the product. This consideration is however rare in high end mobile phones.
Communication technologies are varied and widespread but the mobile phone is integrating them into one. sony ericsson mobile phones are known for their picture blogging facility. Smartphones of Nokia mobile are known for their e-mailing clients. Gaming has been redefined in mobile phones allowing several gamers to connect and compete.
Communication has been used in all forms to make the user more interactive. Though mobile phones have engaged a user it is building up a platform to make him interactive to a larger, diverse audience.
While e-mailing through phones was just limited to sending plain drafts, now communication technology in mobile phones has enabled sending across attachments. Moreover, even those attachments and files can be edited. Sending across photos was a hassle as you required a computer but now you can just click and send photos across the globe or put them up in you blog for sharing instantly.
Stock Market Analysis Software
A market which is either privately owned or belongs to public sector meant for the trading of company stock is known as the stock market.these days many types of software are being developed for the proper and timely analysis of stock market.these analysis software helps people in monitoring the stock exchange and one’s portfolio.
There are many ways by which analysis are made in the stock market. It completely depends on you which kind of analysis you want to follow. The most common type of analysis include-
· Fundamental analysis- In this type of analysis a person first analyzes the fundamentals of a particular company. He pays importance to the fact that all valuations the company has and whether it is worth following the company or not. It is very important to analyze a company’s fundamentals because all the stock market is based on business fundamentals and the company having good fundamentals can set trends in stock market from time to time.
· Technical analysis- technical analysis is something which has nothing to do with the fundamentals but concentrate more the need and requirements of the present conditions. In this type of analysis you follow a company which follows the prevailing trend of stock market. It is very beneficial to you when making money is the only concern. So it is good to learn the trends.
Now there is plenty of software which you can use for the stock market analysis. One of the most famous software is Deep Insight. It is a trading system which is based on algorithms. It has been developed after a long period of research into field like stock trading patterns, market microstructure and artificial intelligence. It has many features like market indices, daily analysis, mutual funds and predictions and suggestions for stock exchange excel is also one of the most famous ways by which people do the work of analysis in stock market. They are mainly helpful when analysis is being done offline. Another type of software is fibotrader. It is also used for offline analysis. Its easy availability makes it popular amongst the users. The other one is Blogtrader.its Indicators are historical volume distribution, MACD, zigzag, OBV, parabolic SAR, EMA, MFI and many more. The main features of blogtrader are: it saves data to local database from the quote; charts are prepared on daily, weekly and monthly basis, for splits and dividends quote charts are adjusted, maintain a real time ticker board, and update itself from time to time and with the introduction of new tickers. Then there is software named eclipse trader. It has features like better interface, prepares intraday charts, maintains real time quotes, takes reference from history charts, has indicators to indicate technical data, can detect price patterns and also gives financial news. Then a software called Meta trader 4 is also there. This software makes trading easy for investors and also maintains an account for demonstration over the internet in real time. the key areas where this software scores over other softwares include account statements which can be easily understood by anyone, real time Charts which are free of cost and News in such a way that it can be accessed by all accounts either they are for demo or are live, has trade programming capabilities and signals which can be programmed and updated from time to time and have very affordable prices in all products.
So after reading about all these softwares you must be confused and not able to decide which one to choose. Take your time in choosing the right one which helps you in making huge sum of money when you invest in stock market.
There are many ways by which analysis are made in the stock market. It completely depends on you which kind of analysis you want to follow. The most common type of analysis include-
· Fundamental analysis- In this type of analysis a person first analyzes the fundamentals of a particular company. He pays importance to the fact that all valuations the company has and whether it is worth following the company or not. It is very important to analyze a company’s fundamentals because all the stock market is based on business fundamentals and the company having good fundamentals can set trends in stock market from time to time.
· Technical analysis- technical analysis is something which has nothing to do with the fundamentals but concentrate more the need and requirements of the present conditions. In this type of analysis you follow a company which follows the prevailing trend of stock market. It is very beneficial to you when making money is the only concern. So it is good to learn the trends.
Now there is plenty of software which you can use for the stock market analysis. One of the most famous software is Deep Insight. It is a trading system which is based on algorithms. It has been developed after a long period of research into field like stock trading patterns, market microstructure and artificial intelligence. It has many features like market indices, daily analysis, mutual funds and predictions and suggestions for stock exchange excel is also one of the most famous ways by which people do the work of analysis in stock market. They are mainly helpful when analysis is being done offline. Another type of software is fibotrader. It is also used for offline analysis. Its easy availability makes it popular amongst the users. The other one is Blogtrader.its Indicators are historical volume distribution, MACD, zigzag, OBV, parabolic SAR, EMA, MFI and many more. The main features of blogtrader are: it saves data to local database from the quote; charts are prepared on daily, weekly and monthly basis, for splits and dividends quote charts are adjusted, maintain a real time ticker board, and update itself from time to time and with the introduction of new tickers. Then there is software named eclipse trader. It has features like better interface, prepares intraday charts, maintains real time quotes, takes reference from history charts, has indicators to indicate technical data, can detect price patterns and also gives financial news. Then a software called Meta trader 4 is also there. This software makes trading easy for investors and also maintains an account for demonstration over the internet in real time. the key areas where this software scores over other softwares include account statements which can be easily understood by anyone, real time Charts which are free of cost and News in such a way that it can be accessed by all accounts either they are for demo or are live, has trade programming capabilities and signals which can be programmed and updated from time to time and have very affordable prices in all products.
So after reading about all these softwares you must be confused and not able to decide which one to choose. Take your time in choosing the right one which helps you in making huge sum of money when you invest in stock market.
Diversifying Your Portfolio with Share Trading
Any investor knows that the market fluctuates and that the stock market is a game. Therefore, share trading becomes a necessary part of investing. When you invest in many different stocks, you will want to keep an eye on the stock market. As you see the dips and turns, you may decide that some investments have proven worthier than others. Because of this, you will want to change around the way you have invested. Share trading is a way to move around your money without investing any additional cash. Through share trading, you can improve your investments. Of course, no stock is a sure thing. That means that in your share trading, you have to make sure that you are careful and not impulsive in order to avoid losing everything.
When share trading, you will probably want to avoid taking money away from secure investments. Unless you are willing and able to take a hit if things fail, you will not want your share trading to result in moving money from safer stocks into riskier ones. Investing is a gamble, as you have no real way of knowing which stocks will improve and which will tank. Because of this, it is a good idea to keep your portfolio diverse. If you invest everything you have into one company, then your entire financial future rests on the head of that corporation. Because anything can happen, this is a bad idea. You will want to begin share trading to make sure that your investments are in many places. You don’t want to put all of your money into one basket.
When share trading, you should make sure that you research the companies you are investing in. If a company is selling something worthwhile you can feel better about buying stocks. After all, when you invest, you are saying that you think that what the company produces is something that you believe will succeed. With share trading, if you determine that a stock is not worthwhile, you can replace it with something else. Stock trading requires you not just to invest but to be active in your investing. It means that you keep up with your stocks and make changes based on what you need. Of course, unless you are an expert yourself, any investing you do should be under the supervision of a good financial advisor.
A financial advisor is, of course, not a wizard or a fortune-teller. You can’t expect your advisor to know everything. Stocks and share trading are risky, and you should make sure that you aren’t investing money that you can’t afford to lose. Your advisor can advise you in your share trading to keep you from making too many mistakes. Of course, you can’t expect him or her to know everything, and you shouldn’t blame your advisor if you lose out once or twice. However, if your entire portfolio is continually losing more than you gain, you might want to reassess the situation. Share trading is a great way to diversify your portfolio and make your money work for you.
When share trading, you will probably want to avoid taking money away from secure investments. Unless you are willing and able to take a hit if things fail, you will not want your share trading to result in moving money from safer stocks into riskier ones. Investing is a gamble, as you have no real way of knowing which stocks will improve and which will tank. Because of this, it is a good idea to keep your portfolio diverse. If you invest everything you have into one company, then your entire financial future rests on the head of that corporation. Because anything can happen, this is a bad idea. You will want to begin share trading to make sure that your investments are in many places. You don’t want to put all of your money into one basket.
When share trading, you should make sure that you research the companies you are investing in. If a company is selling something worthwhile you can feel better about buying stocks. After all, when you invest, you are saying that you think that what the company produces is something that you believe will succeed. With share trading, if you determine that a stock is not worthwhile, you can replace it with something else. Stock trading requires you not just to invest but to be active in your investing. It means that you keep up with your stocks and make changes based on what you need. Of course, unless you are an expert yourself, any investing you do should be under the supervision of a good financial advisor.
A financial advisor is, of course, not a wizard or a fortune-teller. You can’t expect your advisor to know everything. Stocks and share trading are risky, and you should make sure that you aren’t investing money that you can’t afford to lose. Your advisor can advise you in your share trading to keep you from making too many mistakes. Of course, you can’t expect him or her to know everything, and you shouldn’t blame your advisor if you lose out once or twice. However, if your entire portfolio is continually losing more than you gain, you might want to reassess the situation. Share trading is a great way to diversify your portfolio and make your money work for you.
Do You Want to Become A Forex Expert?
Any one who has already embarked into the share market would already have an idea what Forex is.
So what Is Forex?
FOREX stands for the extremely popular Foreign Exchange Market.
Essentially simply put the Foreign Exchange Market is where people trade currencies. Traders buy and sell these currencies and hopefully try to make a profit while doing so..
The Foreign Exchange Market and the trading as we know it today started way back in the 1970’s.The foreign exchange market can now be found wherever there is a financial centre where people trade in the buying and selling of various securities..
Why Are People Trading in the Foreign Exchange Market.?
Increasingly people are turning into forex trading now than ever before. The major attractions are that there are no hard-and-fast requirements to join the market. Anyone can enter it and learn how to trade. Some even study in advance to be prepared for the big trading that lies ahead.
Another attraction about forex is the absence of fees which usually have to be paid upfront before the trader is be able to start trading in the stock market. There are no commissions, no brokerage fees and no government fees.
There are no time restrictions as forex is traded 24 hours a day.So you can trade forex whenever it suits you best.
The most beneficial thing by far is that trading can be done in the comfort of your own home.
Anyone can start to trade online. This is ideal for people who stay at home, particularly those who do not feel comfortable in engaging in other online businesses.
With suitable training and a computer with internet access close at hand, success is quite possible within the confines of the home.
How Does One Trade Successfully in the Foreign Exchange Market?
The purpose of ‘to buy low and to sell high’ must be kept in mind when trading in the forex. This will be the major goal of a trader who wants to succeed and become profitable.
The next task close at hand is to know the trends. This means recognising when a particular currency will buy low or sell high.
Thus, forex trading requires systems that have been tried and tested previously to make certain that any trading decisions made will have more chance of becoming profitable.
There are a few basic systems available which can be used in forex trading.Some can be learnt from tutorials or from actual exposure to the forex market.
Actually We have quite a few systems available for you already in our Forex Section here on Asxnewbie.
There are different strategies used when trading forex. The first strategy most commonly used is technical analysis.
This provides information that a particular price chain reflects all the necessary information regarding the market. This means a close analysis of the diverse aspects of the currency like the lowest and highest prices or the opening and closing prices.
The other strategy that is most commonly used is fundamental analysis.
As the name implies, it looks at the total situation. It focuses beyond the currency. It also takes into account the situation of the country, economy, politics and even the rumors which abound in the marketplace. Thus this requires more exposure and knowledge on the part of the trader.
Conclusion
The way the Foreign Exchange Market operates assures that there are many openings available to the forex trader to be involved.
There are also many traders who could be possibly interested in trading forex but are very afraid to take that first hesitant step. This attitude can be turned around by firstly aquiring a good working knowledge first and then by taking the necessary steps required to make your forex adventure a profitable and successful one.
To make things that much easier for you to start trading Forex,To gain the necessary knowledge needed, but not to put at risk any of your capital.We at Asxnewbie have made available a FREE TRADING PLATFORM by which you can use all of our systems and knowledge and it won't cost you a cent.Just click here to take your first steps to becoming a Forex Expert.
So what Is Forex?
FOREX stands for the extremely popular Foreign Exchange Market.
Essentially simply put the Foreign Exchange Market is where people trade currencies. Traders buy and sell these currencies and hopefully try to make a profit while doing so..
The Foreign Exchange Market and the trading as we know it today started way back in the 1970’s.The foreign exchange market can now be found wherever there is a financial centre where people trade in the buying and selling of various securities..
Why Are People Trading in the Foreign Exchange Market.?
Increasingly people are turning into forex trading now than ever before. The major attractions are that there are no hard-and-fast requirements to join the market. Anyone can enter it and learn how to trade. Some even study in advance to be prepared for the big trading that lies ahead.
Another attraction about forex is the absence of fees which usually have to be paid upfront before the trader is be able to start trading in the stock market. There are no commissions, no brokerage fees and no government fees.
There are no time restrictions as forex is traded 24 hours a day.So you can trade forex whenever it suits you best.
The most beneficial thing by far is that trading can be done in the comfort of your own home.
Anyone can start to trade online. This is ideal for people who stay at home, particularly those who do not feel comfortable in engaging in other online businesses.
With suitable training and a computer with internet access close at hand, success is quite possible within the confines of the home.
How Does One Trade Successfully in the Foreign Exchange Market?
The purpose of ‘to buy low and to sell high’ must be kept in mind when trading in the forex. This will be the major goal of a trader who wants to succeed and become profitable.
The next task close at hand is to know the trends. This means recognising when a particular currency will buy low or sell high.
Thus, forex trading requires systems that have been tried and tested previously to make certain that any trading decisions made will have more chance of becoming profitable.
There are a few basic systems available which can be used in forex trading.Some can be learnt from tutorials or from actual exposure to the forex market.
Actually We have quite a few systems available for you already in our Forex Section here on Asxnewbie.
There are different strategies used when trading forex. The first strategy most commonly used is technical analysis.
This provides information that a particular price chain reflects all the necessary information regarding the market. This means a close analysis of the diverse aspects of the currency like the lowest and highest prices or the opening and closing prices.
The other strategy that is most commonly used is fundamental analysis.
As the name implies, it looks at the total situation. It focuses beyond the currency. It also takes into account the situation of the country, economy, politics and even the rumors which abound in the marketplace. Thus this requires more exposure and knowledge on the part of the trader.
Conclusion
The way the Foreign Exchange Market operates assures that there are many openings available to the forex trader to be involved.
There are also many traders who could be possibly interested in trading forex but are very afraid to take that first hesitant step. This attitude can be turned around by firstly aquiring a good working knowledge first and then by taking the necessary steps required to make your forex adventure a profitable and successful one.
To make things that much easier for you to start trading Forex,To gain the necessary knowledge needed, but not to put at risk any of your capital.We at Asxnewbie have made available a FREE TRADING PLATFORM by which you can use all of our systems and knowledge and it won't cost you a cent.Just click here to take your first steps to becoming a Forex Expert.
Some Basics Tips When Trading in the Stock Market.
The first thing to do is to at the opening of the stockmarket is to check last nights closing share price.
1. If you were going to sell, has the share price reached or dropped at your pre selected exit point?
2. If the share price went down, was your stop loss activated? (If you are not familiar with stop losses, please see a previous article on this to clarify.)
3. If you were buying stock .A TIP for you here do not leave open overnight AT MARKET orders. You will most definitely end up paying more than you bargained for.
4. Always LIMIT your order to the price you want to pay. Once this is done and you are up to date with your share portfolio then you can progress to you next task.
5. After the buying and selling of stocks is under control I then start to identify my next trading opportunities.
6. I select a stock from a list that I have compiled earlier. I scan the stock’s data base; check the bar charts and the trendlines. If everything looks good , and presuming I have capital available to purchase the stock ,I proceed to step three.
7. Firstly I recheck to see what the stock price is. Then how many of them do I want i.e. 5,000. Ascertain is it enough to make a worthwhile profit?
8. If your funds are limited to $ 500. { MINIMUM ASX PURCHASE} Then depending on your brokerage which on average will be $50.00 [that is for buying and selling] there is 10 profit nets you only $ 50.00 per sale.
9. After you have purchased your new stock, [at the best price possible of course] set your exit target price goal so you know how much profit you want to make when the stock has been sold. Do not be greedy. Then set your stop loss into place.
10. Depending on the volatility of the stock keep a watchful eye on them .Try not to have too many irons in the fire when you first start off. One or two stocks are ample when you first start off.
11. This is only a very rough outline to get you started you will soon work out what suits you best depending on your time commitments etc. Now to look the dangers and risks you will encounter in the stock market.
The Dangers and Types of Risks you will encounter in the Stock market.
Your investment decisions need to take into account several factors.
Your investment objectives risk and return preferences and the time frame involved. Generally a higher return is subject to a higher risk. Accordingly a low risk portfolio invariably means lower returns.
Below we shall discuss different risks in more detail.
1. Market Risk.
The factors involved here are economic, technological, political or environmental issues. All of these can and will impact on the returns on the investment in the market.
2. Interest Rate Risk.
Interest rate changes will have a direct or indirect impact on your investment or property. Depending on whether they rise or fall.
3. Credit Risk.
Usually this involves the risk of a third party defaulting on their financial obligations. Which of course could have serious ramifications for you especially if their financial contribution impacts on your own financial commitments and the stocks you have invested in?
4. Inflation Risk. Inflation can cause an investment to lose its purchasing power over a period of time. It will also have a negative effect on cash or fixed interest investments.
5. Currency Risk.
International exchange rates can affect your investments particularly if they are overseas. This applies mainly to managed funds or stock investments which have the majority of their investments in the overseas markets.
6. Liquidity Risk.
If your investments are either in the share market or in cash then liquidity isn't usually a problem as they can be easily be converted. Unfortunately this does not apply to property investments or term deposits where a financial penalty can be realized through early withdrawal of the funds.
One of the major ways you can minimize risk is to by not having all your eggs in one basket. In other words diversification will ensure that you have maximum exposure to the returns of differently performing assets. Some of which will rise in value while others will mark time.
This means that your best performing assets will offset the worst performing ones. Which will result in an investment portfolio’s volatility being reduced which in turn delivers a better risk adjusted return
1. If you were going to sell, has the share price reached or dropped at your pre selected exit point?
2. If the share price went down, was your stop loss activated? (If you are not familiar with stop losses, please see a previous article on this to clarify.)
3. If you were buying stock .A TIP for you here do not leave open overnight AT MARKET orders. You will most definitely end up paying more than you bargained for.
4. Always LIMIT your order to the price you want to pay. Once this is done and you are up to date with your share portfolio then you can progress to you next task.
5. After the buying and selling of stocks is under control I then start to identify my next trading opportunities.
6. I select a stock from a list that I have compiled earlier. I scan the stock’s data base; check the bar charts and the trendlines. If everything looks good , and presuming I have capital available to purchase the stock ,I proceed to step three.
7. Firstly I recheck to see what the stock price is. Then how many of them do I want i.e. 5,000. Ascertain is it enough to make a worthwhile profit?
8. If your funds are limited to $ 500. { MINIMUM ASX PURCHASE} Then depending on your brokerage which on average will be $50.00 [that is for buying and selling] there is 10 profit nets you only $ 50.00 per sale.
9. After you have purchased your new stock, [at the best price possible of course] set your exit target price goal so you know how much profit you want to make when the stock has been sold. Do not be greedy. Then set your stop loss into place.
10. Depending on the volatility of the stock keep a watchful eye on them .Try not to have too many irons in the fire when you first start off. One or two stocks are ample when you first start off.
11. This is only a very rough outline to get you started you will soon work out what suits you best depending on your time commitments etc. Now to look the dangers and risks you will encounter in the stock market.
The Dangers and Types of Risks you will encounter in the Stock market.
Your investment decisions need to take into account several factors.
Your investment objectives risk and return preferences and the time frame involved. Generally a higher return is subject to a higher risk. Accordingly a low risk portfolio invariably means lower returns.
Below we shall discuss different risks in more detail.
1. Market Risk.
The factors involved here are economic, technological, political or environmental issues. All of these can and will impact on the returns on the investment in the market.
2. Interest Rate Risk.
Interest rate changes will have a direct or indirect impact on your investment or property. Depending on whether they rise or fall.
3. Credit Risk.
Usually this involves the risk of a third party defaulting on their financial obligations. Which of course could have serious ramifications for you especially if their financial contribution impacts on your own financial commitments and the stocks you have invested in?
4. Inflation Risk. Inflation can cause an investment to lose its purchasing power over a period of time. It will also have a negative effect on cash or fixed interest investments.
5. Currency Risk.
International exchange rates can affect your investments particularly if they are overseas. This applies mainly to managed funds or stock investments which have the majority of their investments in the overseas markets.
6. Liquidity Risk.
If your investments are either in the share market or in cash then liquidity isn't usually a problem as they can be easily be converted. Unfortunately this does not apply to property investments or term deposits where a financial penalty can be realized through early withdrawal of the funds.
One of the major ways you can minimize risk is to by not having all your eggs in one basket. In other words diversification will ensure that you have maximum exposure to the returns of differently performing assets. Some of which will rise in value while others will mark time.
This means that your best performing assets will offset the worst performing ones. Which will result in an investment portfolio’s volatility being reduced which in turn delivers a better risk adjusted return
The Disciplines Required To Become a Successful Share Trader.
The Disciplines Required To Become a Successful Share Trader.
The average person who begins trading in the share market often has little idea or knowledge as to what is required to become a profitable successful share trader.Due to this lack of knowledge they have unreal expectations of how much money can be made or lost depending which way the share market is currently heading.
Invariably they join in when the share market is in the middle of a bull run. (A Rising market.) They are spurred on by the media hype of rising share prices, the rumours of takeovers and rising company profits.
They experience early success and knowing no better assume that money is easily made. They are not prepared for the sudden downturn in the share market which inevitably happens. Only to see their profits suddenly evaporate and become large losses. Some become disillusioned and leave the share market never to return. While others hang on hoping for a return to the good times to return which sometimes can take moths and in some cases years.
The disciplined share trader realises that losses are perennial and are part and parcel of the behaviour of the stock market and have learnt, sometimes by bitter experience, to take the necessary steps to keep their losses to an acceptable level.
One of the first disciplines they have learned is patience. Because they have experienced first hand that impatience invariably loses them money, either in paying too much for a stock or a loss in profit because they sold too early.
They have learnt the difference between being a "day trader'' and other types of investors. They have found which sort of time factor suits their own personal trading pattern whether it is short or medium trading or when it is necessary to take a longer time frame. The patient trader realises that "Time" can be his friend or his worst enemy depending on the type of trade they have decided upon.
The second discipline is the setting up of a "Trading Plan" then once it is completed they stick to it religiously. The factors involved in their trading plan comprise of knowing in advance the amount they have to invest, the time frame involved and the amount they are prepared to lose if things do not go accordingly to plan.
They always employ stop losses (conditional orders) to either lock in their profits and to minimise any losses that might occur.
The percentage profit they expect to make is also worked out prior to the purchase of the stock.
They have already established a preset criterion of guidelines which their future prospect must pass before they will invest their time and money in them. These criteria will vary depending on what the guidelines the trader deems as important. They have a ready made list of prospects usually around the 20 to 30 in number. This is updated regularly as names will always be deleted as they become unacceptable trades as they do not meet the preset criteria already formulated in their trading plan. The disciplined trader realises that if nothing meets their criteria then it is not imperative to trade and they will patiently wait until an acceptable prospect shows itself before entering the market again.
They have the discipline of doing their own research and not relying on others for this. They invariably do "Fundamental Analysis" first then followed by ""Technical Analysis" if further research is needed.
Once the choice is made and the preset criteria's have been met then and only then will the trader enter the market.
Even though the choice of stock has been made the disciplined trader still will not buy if the price has risen above the price they wanted to pay. They have learned the folly of chasing prices only to see a reduction occur in the next couple of days.
Again they have learnt when to exit a trade once their preset exit price has been achieved. Even though the share price looks like that it might go higher yet. From past experience they have learnt not to be too greedy.
One of the most important disciplines is that they have realised that they "Don't Know it all!) And they have become aware of the importance of learning from their own mistakes and learning from the experiences of others.They have developed the mindset of always being on the lookout out for ways to improve their trading performance.
The disciplined trader has a definite edge over the average trader as they have become aware of the devastating effects of "Fear and Greed" and in doing so have guaranteed themselves a better than average chance of being successful and surviving the many traps and pitfalls that await the unwary trader.
The average person who begins trading in the share market often has little idea or knowledge as to what is required to become a profitable successful share trader.Due to this lack of knowledge they have unreal expectations of how much money can be made or lost depending which way the share market is currently heading.
Invariably they join in when the share market is in the middle of a bull run. (A Rising market.) They are spurred on by the media hype of rising share prices, the rumours of takeovers and rising company profits.
They experience early success and knowing no better assume that money is easily made. They are not prepared for the sudden downturn in the share market which inevitably happens. Only to see their profits suddenly evaporate and become large losses. Some become disillusioned and leave the share market never to return. While others hang on hoping for a return to the good times to return which sometimes can take moths and in some cases years.
The disciplined share trader realises that losses are perennial and are part and parcel of the behaviour of the stock market and have learnt, sometimes by bitter experience, to take the necessary steps to keep their losses to an acceptable level.
One of the first disciplines they have learned is patience. Because they have experienced first hand that impatience invariably loses them money, either in paying too much for a stock or a loss in profit because they sold too early.
They have learnt the difference between being a "day trader'' and other types of investors. They have found which sort of time factor suits their own personal trading pattern whether it is short or medium trading or when it is necessary to take a longer time frame. The patient trader realises that "Time" can be his friend or his worst enemy depending on the type of trade they have decided upon.
The second discipline is the setting up of a "Trading Plan" then once it is completed they stick to it religiously. The factors involved in their trading plan comprise of knowing in advance the amount they have to invest, the time frame involved and the amount they are prepared to lose if things do not go accordingly to plan.
They always employ stop losses (conditional orders) to either lock in their profits and to minimise any losses that might occur.
The percentage profit they expect to make is also worked out prior to the purchase of the stock.
They have already established a preset criterion of guidelines which their future prospect must pass before they will invest their time and money in them. These criteria will vary depending on what the guidelines the trader deems as important. They have a ready made list of prospects usually around the 20 to 30 in number. This is updated regularly as names will always be deleted as they become unacceptable trades as they do not meet the preset criteria already formulated in their trading plan. The disciplined trader realises that if nothing meets their criteria then it is not imperative to trade and they will patiently wait until an acceptable prospect shows itself before entering the market again.
They have the discipline of doing their own research and not relying on others for this. They invariably do "Fundamental Analysis" first then followed by ""Technical Analysis" if further research is needed.
Once the choice is made and the preset criteria's have been met then and only then will the trader enter the market.
Even though the choice of stock has been made the disciplined trader still will not buy if the price has risen above the price they wanted to pay. They have learned the folly of chasing prices only to see a reduction occur in the next couple of days.
Again they have learnt when to exit a trade once their preset exit price has been achieved. Even though the share price looks like that it might go higher yet. From past experience they have learnt not to be too greedy.
One of the most important disciplines is that they have realised that they "Don't Know it all!) And they have become aware of the importance of learning from their own mistakes and learning from the experiences of others.They have developed the mindset of always being on the lookout out for ways to improve their trading performance.
The disciplined trader has a definite edge over the average trader as they have become aware of the devastating effects of "Fear and Greed" and in doing so have guaranteed themselves a better than average chance of being successful and surviving the many traps and pitfalls that await the unwary trader.
Practical Advice On Share Market Investing
Many people have a bad experience when investing in the stock market and never return. The best way to avoid such an experience is to never rely fully on tips you read about, or the advice of a stock broker, without also doing your own research.
Publications that operate as stock-picking tip sheets often have high credibility but are not infallible. Always evaluate the industries the companies operate in and do your own research as well as consider the writers’ recommendations. For instance, are you comfortable with investing in an industry like information technology or biotechnology if you do not understand either sector? Renowned investor, Warren Buffett, once said he never invested in any company he did not understand.
Stock brokers can give good advice but they are also out to make money for themselves through commissions. The more you trade the more commissions for the broker. Never automatically accept any recommendation your stock broker makes without considering the possibility of the brokerage receiving commissions from the company concerned for recommending the stock. This, in itself, does not mean that the company is not sound. However, the potential conflict of interest is obvious.
The one mechanism for knowing the true value of a company that every investor needs to understand is the price to earnings ratio (P-E). This is a tremendously powerful instrument in determining whether the company you invest in is under-valued or over-valued in terms of its trading position. The price to earnings ratio has the greatest effect on share price. In the case of a company earning 20c per share and trading on a P-E of 10 times, if this stock was to change to trading on a P-E of 20, its share price would be $4.00 not $2.00. As a result, the share price would have doubled in value despite earnings not increasing. The level of confidence in this company’s future is the only thing that would have changed.
While share market investing will always have its difficulties, and money can be lost as easily as made, there are few better ways to make money than the share market if a few important principles are followed:
1) Do not blindly follow investment trends just because everyone else is doing so;
2) Always understand the industry and company in which you plan to invest;
3) Always check for exposure to high debt levels and make sure the company is trading below its real value when purchasing its shares.
You should understand the cyclical nature of many industries. For instance, companies that produce bricks, cement, plaster boards, and steel are highly dependent on demand holding up in the building and manufacturing industries and are very prone to peaks and troughs. Similarly, mining companies require strength in the overall world economy to enable high demand for raw commodities such as iron ore, bauxite, coal, and zinc for example. Where as companies in transport and food-related industries tend to be less cyclical as demand is more consistent in those sectors.
In concluding, I would add that I have invested in the stock market over many years and have seen the cycles of high value and low value during those years. The most important factor in long-term success is to hold your nerve when all those around you are panicking. If the fundamentals are sound with the companies in your portfolio, there is every reason to believe that those companies can ride out a sudden collapse in the market.
Publications that operate as stock-picking tip sheets often have high credibility but are not infallible. Always evaluate the industries the companies operate in and do your own research as well as consider the writers’ recommendations. For instance, are you comfortable with investing in an industry like information technology or biotechnology if you do not understand either sector? Renowned investor, Warren Buffett, once said he never invested in any company he did not understand.
Stock brokers can give good advice but they are also out to make money for themselves through commissions. The more you trade the more commissions for the broker. Never automatically accept any recommendation your stock broker makes without considering the possibility of the brokerage receiving commissions from the company concerned for recommending the stock. This, in itself, does not mean that the company is not sound. However, the potential conflict of interest is obvious.
The one mechanism for knowing the true value of a company that every investor needs to understand is the price to earnings ratio (P-E). This is a tremendously powerful instrument in determining whether the company you invest in is under-valued or over-valued in terms of its trading position. The price to earnings ratio has the greatest effect on share price. In the case of a company earning 20c per share and trading on a P-E of 10 times, if this stock was to change to trading on a P-E of 20, its share price would be $4.00 not $2.00. As a result, the share price would have doubled in value despite earnings not increasing. The level of confidence in this company’s future is the only thing that would have changed.
While share market investing will always have its difficulties, and money can be lost as easily as made, there are few better ways to make money than the share market if a few important principles are followed:
1) Do not blindly follow investment trends just because everyone else is doing so;
2) Always understand the industry and company in which you plan to invest;
3) Always check for exposure to high debt levels and make sure the company is trading below its real value when purchasing its shares.
You should understand the cyclical nature of many industries. For instance, companies that produce bricks, cement, plaster boards, and steel are highly dependent on demand holding up in the building and manufacturing industries and are very prone to peaks and troughs. Similarly, mining companies require strength in the overall world economy to enable high demand for raw commodities such as iron ore, bauxite, coal, and zinc for example. Where as companies in transport and food-related industries tend to be less cyclical as demand is more consistent in those sectors.
In concluding, I would add that I have invested in the stock market over many years and have seen the cycles of high value and low value during those years. The most important factor in long-term success is to hold your nerve when all those around you are panicking. If the fundamentals are sound with the companies in your portfolio, there is every reason to believe that those companies can ride out a sudden collapse in the market.
Do You Have the Knowledge to Successfully Trade in the Share Market?
Do You Have the Knowledge to Successfully Trade in the Share Market?
Successfully trading and investing in the share market is a positive move to achieving your goals.But acquiring the knowledge that you need to understand the share market is definitely an important part of your trading success.For without this knowledge you are doomed to failure before you even start trading.
We have been reminded only to often recently that the share market is very volatile, but sometimes this volatility can appear to produce market patterns. The speed and flow of information through the share market is not an issue that most of us think about very much.
Yet tomorrow if the Dow falls and the oil price rises you will be told the loss on the share market is "because the oil price rose. Given that the volatility in our market has continued to unfold in recent months, many are beginning to question whether the share market is really a good investment.
Financial markets are generally very efficient at processing information.To have any serious chance of achieving above-average returns, you need new information and you need it faster than other market participants.
But they can feed you with so much rubbish through the media that you have been conditioned into never questioning their "explanations" as to why the market went up or why it went down.
Remember,the share market is a medium to long term investment therefore, I would recommend sitting back and waiting until the market finds a positive direction before deciding to invest.
This means attempting to buy shares during periods when the share market is weak and selling the shares once the market has risen. One thing we know from looking at the long-term performance of the share market is that, despite short-term volatility, the market always recovers.
It's never an easy time for investors when the share market hits a pocket of turbulence. Indeed, savvy long-term investors understand that short-term highs and lows are a natural part of the investment ride.
Sir John Templeton was well known for making money at times when others were either selling or sitting on their hands and watching the US market under pressure at times of it's worst crisis.
Markets move in cycles and the share market is traditionally a forward indicator of what has the highest expectation of occurring in the real economy over the next year or two. I cannot tell you when this market will bottom but there is now good value out there even though there are some nasty profit results still yet to come.
There are many ways that you can educate yourself on the theories of the share market and how to trade shares.Until now, developing and practising share trading techniques using the real share market has been an expensive business.
One thing that I highly recommend is that you start by paper trading before you begin trading share trading for real. By doing this you can test out your trading plans and your trading system without risking any capital.
The next thing you should be doing is to access all the educational information you can. For this will ensure that you have the knowledge readily available to assist you to a profitable trading future.
Successfully trading and investing in the share market is a positive move to achieving your goals.But acquiring the knowledge that you need to understand the share market is definitely an important part of your trading success.For without this knowledge you are doomed to failure before you even start trading.
We have been reminded only to often recently that the share market is very volatile, but sometimes this volatility can appear to produce market patterns. The speed and flow of information through the share market is not an issue that most of us think about very much.
Yet tomorrow if the Dow falls and the oil price rises you will be told the loss on the share market is "because the oil price rose. Given that the volatility in our market has continued to unfold in recent months, many are beginning to question whether the share market is really a good investment.
Financial markets are generally very efficient at processing information.To have any serious chance of achieving above-average returns, you need new information and you need it faster than other market participants.
But they can feed you with so much rubbish through the media that you have been conditioned into never questioning their "explanations" as to why the market went up or why it went down.
Remember,the share market is a medium to long term investment therefore, I would recommend sitting back and waiting until the market finds a positive direction before deciding to invest.
This means attempting to buy shares during periods when the share market is weak and selling the shares once the market has risen. One thing we know from looking at the long-term performance of the share market is that, despite short-term volatility, the market always recovers.
It's never an easy time for investors when the share market hits a pocket of turbulence. Indeed, savvy long-term investors understand that short-term highs and lows are a natural part of the investment ride.
Sir John Templeton was well known for making money at times when others were either selling or sitting on their hands and watching the US market under pressure at times of it's worst crisis.
Markets move in cycles and the share market is traditionally a forward indicator of what has the highest expectation of occurring in the real economy over the next year or two. I cannot tell you when this market will bottom but there is now good value out there even though there are some nasty profit results still yet to come.
There are many ways that you can educate yourself on the theories of the share market and how to trade shares.Until now, developing and practising share trading techniques using the real share market has been an expensive business.
One thing that I highly recommend is that you start by paper trading before you begin trading share trading for real. By doing this you can test out your trading plans and your trading system without risking any capital.
The next thing you should be doing is to access all the educational information you can. For this will ensure that you have the knowledge readily available to assist you to a profitable trading future.
Monday, May 25, 2009
Securing Market Share - No Matter What Your Business Size
Often companies believe that they can only dominate their market if they are the biggest players around, having the most money to invest or having the most customers - this is a myth. Most definitely being a big player with a lot of money to invest with a large sales team can be an advantage, and certainly a powerful positive, however it doesn't guarantee that you'll be the dominant player in any market. In this article I am going to look at several things you can do which will help you to dominate your market regardless of your company size.
Clarity
Clarity is more important than size, and if you can be absolutely clear about who your customers are and where your target market is, then this will give you a great boost over most of your competitors. It's often tempting to try meet every market demand for as many different people as possible so that you don't miss out on any business opportunities, but my experience is that this almost always does more harm than good. You will often get on far better being absolutely clear about who your customers are, and what you're offering your target clientèle.
Decide on Your Niche
The best way to achieve clarity is by deciding on a specific niche for your business, and when you've finally decided on this niche, a number of things then often happen, such as:
1. It makes it very easy to know specifically who to focus your marketing on.
2. It will also make it easy to identify where you will find the majority of your customers.
Once you've completed this it becomes a a lot simpler for you to achieve expert status in your marketplace - because your customers are all the same, you're providing everyone with the same service or product, and therefore you will undoubtedly become better and better at what you do.
Become an Expert
As you become an expert in your chosen niche you'll find that you will get more and more referrals, for the simple reason that as you begin to be seen as an expert, people will be more confident talking to others about you and your services, and most importantly of all - referring business to you.
Another advantage to achieving expert status is that your charges or prices can go up; people are willing to pay far more for an expert in any subject or niche than they otherwise would for a generalist.
There are many ways to position yourself as an expert, and one of the best and most cost effective ways these days is to become an author. This doesn't mean that you have to write books and deal with publishers - you can self-publish online, write articles, have a blog, or actually anything at all that allows people to see for themselves that you're a highly knowledgeable "expert" in your field. Being seen as an expert will increase your sales - guaranteed, as people will, as a result of this, have confidence in you and what you're selling. Look into as many ways as possible to get yourself readily known online for writing about the topics and the services that you provide. If this is not something that you feel comfortable doing, then you can get other people to write these articles for you.
Focus on Your Most Profitable Customers
I'm sure most of you have heard of the Pareto Principle. This Principle states that 80% of your business comes from 20% of your customers, and generally in most industries - this is a proven fact, therefore it's important that you're able to identify which customers are bringing in most of your profit. Once you have identified these customers, you should focus your time, attention and investment on this specific group of 20%, these people which bring in 80% of your business.
Concentrating on this segment allows you to be able to focus on dominating your chosen market, as by dominating this market you'll become more and more well-known. As a result, you'll find that your sales will increase as referral and word of mouth drives an ever increasing number of people to your door.
Increase Awareness
A high awareness of you and your products or services is vitally important. If people aren't aware of who you are or what you do, then it doesn't matter how good you or your products are, because they're not going to use you or buy your products unless they're highly aware of you.
In order to have the greatest level of awareness possible, you'll have to make your product and your company as high-profile as you possibly can. A big part of this is, as we discussed earlier, is in positioning yourself as an expert in your field. In order to be perceived as an expert, you need to explain to people why it is that you deserve to be seen as such an authority.
Is it because you have extensive experience, or is it that you have been working in your field for a long while, or maybe you've got the widest range of products - whatever it is, you have find a way of justifying this claim of being a real expert in your specific field or niche.
PR, Press Releases, Article Marketing and Search Engine Optimisation are all specific areas that can heighten awareness of you and your business.
Customer Service
Customer service is vitally important. If your customer service leaves a lot to be desired, then you'll probably find that people only buy from you once. If a customer has a problem, make sure that it's dealt with efficiently and effectively to ensure that they'll come back for more. It is amazing how often a well-handled customer complaint becomes a long term, loyal customer.
Sell Benefits, Not Features
Make sure you sell the benefits of your product or your service - not just the features, as people buy something because they imagine what this product or service will do for them in terms of meeting their needs. Just listing what features a product has doesn't necessarily mean that it's something that a customer will buy. A customer has to understand what it is that your product or service will do for them personally.
If you focus on all of these steps in a consistent fashion, you will start to find that you become an increasingly dominant player in the specific niche that you have chosen for yourself. This change certainly won't happen overnight, but given the right focus, attention and perseverance - it will happen.
Clarity
Clarity is more important than size, and if you can be absolutely clear about who your customers are and where your target market is, then this will give you a great boost over most of your competitors. It's often tempting to try meet every market demand for as many different people as possible so that you don't miss out on any business opportunities, but my experience is that this almost always does more harm than good. You will often get on far better being absolutely clear about who your customers are, and what you're offering your target clientèle.
Decide on Your Niche
The best way to achieve clarity is by deciding on a specific niche for your business, and when you've finally decided on this niche, a number of things then often happen, such as:
1. It makes it very easy to know specifically who to focus your marketing on.
2. It will also make it easy to identify where you will find the majority of your customers.
Once you've completed this it becomes a a lot simpler for you to achieve expert status in your marketplace - because your customers are all the same, you're providing everyone with the same service or product, and therefore you will undoubtedly become better and better at what you do.
Become an Expert
As you become an expert in your chosen niche you'll find that you will get more and more referrals, for the simple reason that as you begin to be seen as an expert, people will be more confident talking to others about you and your services, and most importantly of all - referring business to you.
Another advantage to achieving expert status is that your charges or prices can go up; people are willing to pay far more for an expert in any subject or niche than they otherwise would for a generalist.
There are many ways to position yourself as an expert, and one of the best and most cost effective ways these days is to become an author. This doesn't mean that you have to write books and deal with publishers - you can self-publish online, write articles, have a blog, or actually anything at all that allows people to see for themselves that you're a highly knowledgeable "expert" in your field. Being seen as an expert will increase your sales - guaranteed, as people will, as a result of this, have confidence in you and what you're selling. Look into as many ways as possible to get yourself readily known online for writing about the topics and the services that you provide. If this is not something that you feel comfortable doing, then you can get other people to write these articles for you.
Focus on Your Most Profitable Customers
I'm sure most of you have heard of the Pareto Principle. This Principle states that 80% of your business comes from 20% of your customers, and generally in most industries - this is a proven fact, therefore it's important that you're able to identify which customers are bringing in most of your profit. Once you have identified these customers, you should focus your time, attention and investment on this specific group of 20%, these people which bring in 80% of your business.
Concentrating on this segment allows you to be able to focus on dominating your chosen market, as by dominating this market you'll become more and more well-known. As a result, you'll find that your sales will increase as referral and word of mouth drives an ever increasing number of people to your door.
Increase Awareness
A high awareness of you and your products or services is vitally important. If people aren't aware of who you are or what you do, then it doesn't matter how good you or your products are, because they're not going to use you or buy your products unless they're highly aware of you.
In order to have the greatest level of awareness possible, you'll have to make your product and your company as high-profile as you possibly can. A big part of this is, as we discussed earlier, is in positioning yourself as an expert in your field. In order to be perceived as an expert, you need to explain to people why it is that you deserve to be seen as such an authority.
Is it because you have extensive experience, or is it that you have been working in your field for a long while, or maybe you've got the widest range of products - whatever it is, you have find a way of justifying this claim of being a real expert in your specific field or niche.
PR, Press Releases, Article Marketing and Search Engine Optimisation are all specific areas that can heighten awareness of you and your business.
Customer Service
Customer service is vitally important. If your customer service leaves a lot to be desired, then you'll probably find that people only buy from you once. If a customer has a problem, make sure that it's dealt with efficiently and effectively to ensure that they'll come back for more. It is amazing how often a well-handled customer complaint becomes a long term, loyal customer.
Sell Benefits, Not Features
Make sure you sell the benefits of your product or your service - not just the features, as people buy something because they imagine what this product or service will do for them in terms of meeting their needs. Just listing what features a product has doesn't necessarily mean that it's something that a customer will buy. A customer has to understand what it is that your product or service will do for them personally.
If you focus on all of these steps in a consistent fashion, you will start to find that you become an increasingly dominant player in the specific niche that you have chosen for yourself. This change certainly won't happen overnight, but given the right focus, attention and perseverance - it will happen.
Saturday, May 23, 2009
Push the Right Buttons with an Online Stock Trading Game
This article will discuss a little bit on the emerging phenomenon of the online stock trading game. Strictly speaking, the commodity trading market is actually on of the harder markers to forecast and this is because of the immense amount of information that is available on it. Just by looking at a sample of the trading market chart and the actual market readout, the uninitiated will be overwhelmed with the complexity of reading the market and trying to make any sort of sense of the diagrams and figures that are constantly popping out at you can be quite a task.
Of course, just like driving, no one should be getting into the car without going for a lesson or going for a test drive, in the case that they might just end up at the bottom of the cliff in a burning heap of twisted metal. This is how your expedition into the paper trade might pan out if you do not heed the warning signs and learn all you can about the market conditions and what you need to know about the market before you start your journey. The truth of the matter is, sometimes, these training programmes and dummy accounts can be quite a hassle, and depending on how patient and how diluted the approach of your broker is, you might not be getting the full treatment and guided tour of everything there is to know about the market.
Sure, making money is always a good motivation when it comes to learning something, but there must be a way so that learning can be much more interactive and less tedious than some of the systems and simulated trading environments on offer - as while they have been successful until now, it is not for everyone. What you need is a system that makes learning how to trade interactive, dynamic and even in some cases designed in such a way that the user will try to do his best possible. Some smart engineers and mathematicians put their heads together and the latest incarnation of these ideas seem to have given birth to the online stock trading game.
This is a fantastic idea and it has ushered in an era where learning about stock and commodity markets have become much more interactive and much more drive, Because now beginner investors now have to keep score and battle the ‘enemies’, this dynamic and interactive environment has made learning about the online stock trading market that much easier. They have been gaining more and more popularity because most users find that they learn easier and are even able to develop strategies when using this game. It forces them to use their critical faculties and formulate ways to get past certain difficult levels and it is a question of some pride when they are able to post a high score and graduate from game to the real thing. So push the right buttons, make some money and have a new perspective on the online stock market with the online stock trading game.
Of course, just like driving, no one should be getting into the car without going for a lesson or going for a test drive, in the case that they might just end up at the bottom of the cliff in a burning heap of twisted metal. This is how your expedition into the paper trade might pan out if you do not heed the warning signs and learn all you can about the market conditions and what you need to know about the market before you start your journey. The truth of the matter is, sometimes, these training programmes and dummy accounts can be quite a hassle, and depending on how patient and how diluted the approach of your broker is, you might not be getting the full treatment and guided tour of everything there is to know about the market.
Sure, making money is always a good motivation when it comes to learning something, but there must be a way so that learning can be much more interactive and less tedious than some of the systems and simulated trading environments on offer - as while they have been successful until now, it is not for everyone. What you need is a system that makes learning how to trade interactive, dynamic and even in some cases designed in such a way that the user will try to do his best possible. Some smart engineers and mathematicians put their heads together and the latest incarnation of these ideas seem to have given birth to the online stock trading game.
This is a fantastic idea and it has ushered in an era where learning about stock and commodity markets have become much more interactive and much more drive, Because now beginner investors now have to keep score and battle the ‘enemies’, this dynamic and interactive environment has made learning about the online stock trading market that much easier. They have been gaining more and more popularity because most users find that they learn easier and are even able to develop strategies when using this game. It forces them to use their critical faculties and formulate ways to get past certain difficult levels and it is a question of some pride when they are able to post a high score and graduate from game to the real thing. So push the right buttons, make some money and have a new perspective on the online stock market with the online stock trading game.
Learn about Forex currency trading in 3 quick steps
When considering to join the paper trade, you are about to embark on a journey of some tough learning, especially when you do not have any prior experience on the Forex market and have only been dealing with some minimal stocks and bonds trading. This seems to be the popular transition for a lot of part time and retail investors of late; who have absconded with their money away from the receding economy and the affected stock market and have placed their eggs in the Forex trading arena. Now this is all well and good, but you have not considered the depth of the market and the amount of information that you need to have and have learnt by the time you even decide to contact a broker and deposit your money in their margin accounts.
You need to learn as much as you can about the Forex market before you decide to trade in it and the learning process can be quite tedious, so you need some help. One of the best ways you can do this is to talk with current investors and get their feedback on the market and the strategies (if they will tell you) that they employ to gain access and make some money form the market. Probe them on what you need to know, not to trade in the market, but to prepare yourself for the time when you can finally make that decision with confidence. You also have to be able to understand the concepts behind the market and the vast amount of data available to you. And this brings us to the second point of the entire article, which is you need to download some eBooks on Forex or find resources where you can learn all about the markets.
Some of these online eBooks will cost you some money, but I managed to find a few sites that gave me these Forex summary and essential information about the market for nothing more than my email address (no doubt to up sell) and my date of birth. This eBooks, while a little thin, give some important information and will start you on your journey. Visit some financial libraries and get books written by experts on the subject. This way, you will be armed with some information.
The last and BEST way for you to learn about the Forex market, all its intricacies and all of its complications FIRST HAND is to sign up with a dummy account; a service that literally every bank, financial institution and brokerage is offering at this very moment. This dummy and simulated accounts will give you the experience of trading in the market without any of the risks, Here you can learn from your mistakes, get used to the market, formulate your strategies and take guidance from the broker who will be there assisting you all the way. It is a small price to pay, especially when you consider that it might save you a lot of money in the long run.
You need to learn as much as you can about the Forex market before you decide to trade in it and the learning process can be quite tedious, so you need some help. One of the best ways you can do this is to talk with current investors and get their feedback on the market and the strategies (if they will tell you) that they employ to gain access and make some money form the market. Probe them on what you need to know, not to trade in the market, but to prepare yourself for the time when you can finally make that decision with confidence. You also have to be able to understand the concepts behind the market and the vast amount of data available to you. And this brings us to the second point of the entire article, which is you need to download some eBooks on Forex or find resources where you can learn all about the markets.
Some of these online eBooks will cost you some money, but I managed to find a few sites that gave me these Forex summary and essential information about the market for nothing more than my email address (no doubt to up sell) and my date of birth. This eBooks, while a little thin, give some important information and will start you on your journey. Visit some financial libraries and get books written by experts on the subject. This way, you will be armed with some information.
The last and BEST way for you to learn about the Forex market, all its intricacies and all of its complications FIRST HAND is to sign up with a dummy account; a service that literally every bank, financial institution and brokerage is offering at this very moment. This dummy and simulated accounts will give you the experience of trading in the market without any of the risks, Here you can learn from your mistakes, get used to the market, formulate your strategies and take guidance from the broker who will be there assisting you all the way. It is a small price to pay, especially when you consider that it might save you a lot of money in the long run.
Forex Trading: Which Technical Indicators to Use
Most people do not know that there are more than 100 technical indicators that one can use to trade forex. Available charting software programs and packages provide all these indicators but fail to provide an answer to the most vital question: which one should you use.
Let us first understand what technical indicators are all about. These reflect the behavior of the markets at any given point of time. The key to profit from these indicators lies in understanding only a few out of the many that complement each other and to use them in a typical manner in conjunction with other trading tactics.
Most of the trading methods tell you the technical indicators they used earlier for distinguishing potential trades. However, the fundamental idea behind any trading method should be to provide a deep understanding of their application and how to select trades based on them. The mistake that amateurs tend to make is to complicate this process of selection, leading to utter confusion. The resultant losses lead to frustration and eventually to quitting.
Success in forex trading does not necessarily come from complex methods. In forex trade there no bigger truth than ‘the simpler the better’.
1.Too many and wrong indicators should be avoided. They are counterproductive as the information they provide is contrary to logic and simply misleading.
2.Few simple indicators, used in a powerful way, provide the right information for initiating better trades.
3.You are likely to be more disciplined with the right indicators and patterns as they provide an objective set of rules.
The long and short of technical indicators is simplicity and using a smaller set of indicators to identify potential trades. The simpler the method is, the easier it is to select profitable trades.
Mr. Bill Poulos is an expert in forex trade. He has designed a teaching course, the Forex profit accelerator course. You, as a beginner, would be needing help during your forex trades and can use his course to your advantage and make instant profits.
Let us first understand what technical indicators are all about. These reflect the behavior of the markets at any given point of time. The key to profit from these indicators lies in understanding only a few out of the many that complement each other and to use them in a typical manner in conjunction with other trading tactics.
Most of the trading methods tell you the technical indicators they used earlier for distinguishing potential trades. However, the fundamental idea behind any trading method should be to provide a deep understanding of their application and how to select trades based on them. The mistake that amateurs tend to make is to complicate this process of selection, leading to utter confusion. The resultant losses lead to frustration and eventually to quitting.
Success in forex trading does not necessarily come from complex methods. In forex trade there no bigger truth than ‘the simpler the better’.
1.Too many and wrong indicators should be avoided. They are counterproductive as the information they provide is contrary to logic and simply misleading.
2.Few simple indicators, used in a powerful way, provide the right information for initiating better trades.
3.You are likely to be more disciplined with the right indicators and patterns as they provide an objective set of rules.
The long and short of technical indicators is simplicity and using a smaller set of indicators to identify potential trades. The simpler the method is, the easier it is to select profitable trades.
Mr. Bill Poulos is an expert in forex trade. He has designed a teaching course, the Forex profit accelerator course. You, as a beginner, would be needing help during your forex trades and can use his course to your advantage and make instant profits.
Appraising Forex Trading Methods
In this article I will be answering the most common question that people ask me: what is a good trading method and what features to look for. I shall be delving upon why certain methods are not good and also a simple way to evaluate a trading method.
If you look closely you will find that some alleged forex trading systems and methods have the following features that I consider to be inadequate.
They are not complete systems of teaching. They focus more on hours of theoretical teaching and do not incorporate lessons for systematic plans that help you trade for profits. You simply have to look up a well known course by Bill Poulos’ Forex profit accelerator course to learn about systematic plans for trading.
They lack in risk management. This is the biggest mistake that any forex trading method can commit. Risk is inherent to trading in the markets and unless it teaches how to minimize it, the trading method is of no use. Bill Poulos, on the other hand has risk management as a primary lesson in his course.
Misplaced focus. They mostly focus on basic analysis. Reading fundamentals is a time consuming activity and understanding it is a subjective matter. Every person reads them differently and also requires a deep understanding of the economic and financial issues. If you fail to understand them correctly you will not be able to succeed.
They require you to day trade. Day trading requires you to sit before your computer for endless hours and wait for an opportunity to exit or enter the market. This is practically an impossible task for many people.
Now that you know the inadequacies of these so-called trading methods, have a look at what comprises a good method.
After having studied many forex trading methods I have short listed four criteria that must be part of a good forex trading method.
A good trading method must teach how to setup conditions that leave nothing to chance. It should teach you rules of entry, stop loss and exit strategy rules. Also, in line with its trading method it should also incorporate financial and risk management. It must use technical analysis. At the same time it should neither be totally mechanical nor totally automated. Personally, I prefer a forex trading method that takes only 20-40 minutes of your time on daily basis.
Using these simple guidelines you can evaluate a trading method and sift the pretenders from contenders. In short, only those methods can be rated as good methods that incorporate an exhaustive explanation of how to apply strategies, how to trade and protect them from risks. In this regard, the guidelines provided by Mr. Bill Poulos can give you the instant profits that you are looking for.
If you look closely you will find that some alleged forex trading systems and methods have the following features that I consider to be inadequate.
They are not complete systems of teaching. They focus more on hours of theoretical teaching and do not incorporate lessons for systematic plans that help you trade for profits. You simply have to look up a well known course by Bill Poulos’ Forex profit accelerator course to learn about systematic plans for trading.
They lack in risk management. This is the biggest mistake that any forex trading method can commit. Risk is inherent to trading in the markets and unless it teaches how to minimize it, the trading method is of no use. Bill Poulos, on the other hand has risk management as a primary lesson in his course.
Misplaced focus. They mostly focus on basic analysis. Reading fundamentals is a time consuming activity and understanding it is a subjective matter. Every person reads them differently and also requires a deep understanding of the economic and financial issues. If you fail to understand them correctly you will not be able to succeed.
They require you to day trade. Day trading requires you to sit before your computer for endless hours and wait for an opportunity to exit or enter the market. This is practically an impossible task for many people.
Now that you know the inadequacies of these so-called trading methods, have a look at what comprises a good method.
After having studied many forex trading methods I have short listed four criteria that must be part of a good forex trading method.
A good trading method must teach how to setup conditions that leave nothing to chance. It should teach you rules of entry, stop loss and exit strategy rules. Also, in line with its trading method it should also incorporate financial and risk management. It must use technical analysis. At the same time it should neither be totally mechanical nor totally automated. Personally, I prefer a forex trading method that takes only 20-40 minutes of your time on daily basis.
Using these simple guidelines you can evaluate a trading method and sift the pretenders from contenders. In short, only those methods can be rated as good methods that incorporate an exhaustive explanation of how to apply strategies, how to trade and protect them from risks. In this regard, the guidelines provided by Mr. Bill Poulos can give you the instant profits that you are looking for.
Basic Principles of Forex Trading
The first thing to understand is that forex market is a global market created by banks, market makers and brokerage houses where trading in currencies takes place 24 hours a day and 7 days a week. The market is open to all and has the potential to give huge profits. It is also the biggest financial market in the world where trillions of dollars are traded during the course of a day. At the same time forex trading is a growing market as more traders are turning away from trading in stocks.
Trading in forex involves trading simultaneously in two currencies, which is known as a pair. When you are selecting a pair you are trading one currency against the other. The first name in the pair (base currency) is the currency you are buying and the second name (counter currency) is the currency you are selling. For example, if you choose EUR/USD you are buying the Euro against the US Dollar.
Similarly, there is a fixed format of displaying prices. The price is always of the counter currency. If the price of EUR/USD pair is shown as 1.3667 that means one Euro is trading at 1.3667 dollars.
Most prices are displayed in 4 decimal points with the exception of the Japanese Yen, whose price is displayed in 2 decimal points. The reason behind this is that the Japanese Yen is usually more than 100 Yen to the dollar. Thus, if the USD/JPY price is expressed as 108.25 it means that the Japanese Yen is trading at 108.25 to the dollar.
The minimum change that can occur in the price of a pair is called pips. It is the fourth decimal point expressed in the pair price. For example, if the price of EUR/USD changes from 1.3667 to 1.3668 it is said to have risen by one pip. This is what makes your profits run and rise instantly in forex trading.
The bid price of a pair is always listed first and the ask price is listed second. Now, what is a bid price and what is an ask price. The bid price is the price that the market is ready to buy from a seller at a given point of time. The ask price is the opposite of a bid price and is the price at which the market is willing to sell a specific pair. For example, when the price of EUR/USD is quoted as 1.3667//1.3670, the first is the bid price and the second is the ask price. The difference between the two is known as spread, which in this case is a spread of 3 pips.
Trading in equity and stocks involves commissions that a client pays to a brokerage house for trading. In the forex market the market makers and brokers earn through the concept of spread. The spread of a currency pair largely depends upon certain factors. These include but are not limited to market conditions, specific broker or market maker and the currency pair you are trading in. The currencies where trading turnover is low have a higher spread while the frequently traded currencies have extremely low spreads. Also, some brokers/market makers are known to charge more than others.
Forex trading is done in “Lots.” A LOT means the units of the base currency that you are trading in. Lots are normally termed as standard, mini and micro lots. A standard lot comprises of 100,000 units, a mini lot of 10,000 units and a micro lot of 1,000 units of a currency pair. If the EUR/USD paid is quoting at 1.3667/1.3670 and you are buying a standard lot then that means you are buying 100,000 Euros and selling short 136,700 dollars.
While trading in forex market is easy, it still requires a fair amount of training to get the instant profits that it is known to provide to traders. There are many so-called trading methods doing the rounds over the Internet and in the shape of books.
The Forex profit accelerator course created by Mr. Bill Poulos ranks as a complete training program that explains in detail as to how to place orders, put stop losses in place and strategies regarding exiting at the right time so as to manage risks that are inherent in trading in this highly volatile market. Ever since the Forex profit accelerator was launched it has been instrumental in helping people make instant profits with minimal risk.
You can look for information as to how to join Mr. Bill Poulos Instant profit program on the World Wide Web and make your profits run like never before.
Trading in forex involves trading simultaneously in two currencies, which is known as a pair. When you are selecting a pair you are trading one currency against the other. The first name in the pair (base currency) is the currency you are buying and the second name (counter currency) is the currency you are selling. For example, if you choose EUR/USD you are buying the Euro against the US Dollar.
Similarly, there is a fixed format of displaying prices. The price is always of the counter currency. If the price of EUR/USD pair is shown as 1.3667 that means one Euro is trading at 1.3667 dollars.
Most prices are displayed in 4 decimal points with the exception of the Japanese Yen, whose price is displayed in 2 decimal points. The reason behind this is that the Japanese Yen is usually more than 100 Yen to the dollar. Thus, if the USD/JPY price is expressed as 108.25 it means that the Japanese Yen is trading at 108.25 to the dollar.
The minimum change that can occur in the price of a pair is called pips. It is the fourth decimal point expressed in the pair price. For example, if the price of EUR/USD changes from 1.3667 to 1.3668 it is said to have risen by one pip. This is what makes your profits run and rise instantly in forex trading.
The bid price of a pair is always listed first and the ask price is listed second. Now, what is a bid price and what is an ask price. The bid price is the price that the market is ready to buy from a seller at a given point of time. The ask price is the opposite of a bid price and is the price at which the market is willing to sell a specific pair. For example, when the price of EUR/USD is quoted as 1.3667//1.3670, the first is the bid price and the second is the ask price. The difference between the two is known as spread, which in this case is a spread of 3 pips.
Trading in equity and stocks involves commissions that a client pays to a brokerage house for trading. In the forex market the market makers and brokers earn through the concept of spread. The spread of a currency pair largely depends upon certain factors. These include but are not limited to market conditions, specific broker or market maker and the currency pair you are trading in. The currencies where trading turnover is low have a higher spread while the frequently traded currencies have extremely low spreads. Also, some brokers/market makers are known to charge more than others.
Forex trading is done in “Lots.” A LOT means the units of the base currency that you are trading in. Lots are normally termed as standard, mini and micro lots. A standard lot comprises of 100,000 units, a mini lot of 10,000 units and a micro lot of 1,000 units of a currency pair. If the EUR/USD paid is quoting at 1.3667/1.3670 and you are buying a standard lot then that means you are buying 100,000 Euros and selling short 136,700 dollars.
While trading in forex market is easy, it still requires a fair amount of training to get the instant profits that it is known to provide to traders. There are many so-called trading methods doing the rounds over the Internet and in the shape of books.
The Forex profit accelerator course created by Mr. Bill Poulos ranks as a complete training program that explains in detail as to how to place orders, put stop losses in place and strategies regarding exiting at the right time so as to manage risks that are inherent in trading in this highly volatile market. Ever since the Forex profit accelerator was launched it has been instrumental in helping people make instant profits with minimal risk.
You can look for information as to how to join Mr. Bill Poulos Instant profit program on the World Wide Web and make your profits run like never before.
Day Trading in Forex
Day trading is popular in stocks and bonds. A lot of people want to know whether they have to day trade in Forex also. Trading Forex like day trading in equity markets is prevalent but a lot of people prefer not to. This is mostly because day trading forex would involve sitting in front of the computer terminal all day long and the forex market operates 24 x 7. The other concept is to trade in the forex market on end-of-the day basis, a concept in which Mr. Bill Poulos has a long and thorough experience. He is a past master in forex trading business. His forex profit accelerator course provides an excellent insight into trading in the forex market.
Trading on end-of-the day basis has the same potential of instant profits as day trading but needs less time and is less stressful. Many rules that apply to day trading do not apply to end-of-the day trading and you need to look for a program designed specifically for this type of trading.
Day trading in Forex requires you to take instant decisions and there are time pressures on all activity including order entry, placement of stop losses to meet targets of instant profits. Day trading can be very stressful indeed. At the same time those who are new to the forex market should be aware that if they cannot make profits by trading Forex on end-of-the day basis they would hardly fare better in day trading.
By studying the charts of six major currency pairs you will be able to recognize the trends and the potential of instant profits in the short term as revealed by the chart. The reality is that day traders make fast but small profits and that too after a lot of stress. End-of-the day traders, on the other hand, can take home larger profits and that too without stress as patience is the basic mantra of this strategy.
Day trading Forex is not the only way of making instant profits in the forex market. End-of-the day trading yields similar or rather better profits and it requires you to devote very little time, often not more than half an hour daily. To know more about forex before you start trading it would better to refer to the notes and guidelines written by Bill Poulos. His forex profit accelerator course has been designed specifically for beginners. It will do you good to you to know more about it. His course is intended for managing risk in this highly volatile market and to make your profits run.
Trading on end-of-the day basis has the same potential of instant profits as day trading but needs less time and is less stressful. Many rules that apply to day trading do not apply to end-of-the day trading and you need to look for a program designed specifically for this type of trading.
Day trading in Forex requires you to take instant decisions and there are time pressures on all activity including order entry, placement of stop losses to meet targets of instant profits. Day trading can be very stressful indeed. At the same time those who are new to the forex market should be aware that if they cannot make profits by trading Forex on end-of-the day basis they would hardly fare better in day trading.
By studying the charts of six major currency pairs you will be able to recognize the trends and the potential of instant profits in the short term as revealed by the chart. The reality is that day traders make fast but small profits and that too after a lot of stress. End-of-the day traders, on the other hand, can take home larger profits and that too without stress as patience is the basic mantra of this strategy.
Day trading Forex is not the only way of making instant profits in the forex market. End-of-the day trading yields similar or rather better profits and it requires you to devote very little time, often not more than half an hour daily. To know more about forex before you start trading it would better to refer to the notes and guidelines written by Bill Poulos. His forex profit accelerator course has been designed specifically for beginners. It will do you good to you to know more about it. His course is intended for managing risk in this highly volatile market and to make your profits run.
Trading Mindsets and Forex Trading
Your mindset, that characteristic mental attitude that determines how you will interpret and respond to situations will determine the type of profits that you make in the Forex market. You can choose to be an independent Trader or a Dependent Trader. The type of trader you are affects the potential of instant profits that you make in the forex market. Rather, it would not be an exaggeration to say that it could affect the way you live the rest of your life: how long you will keep working for someone else, how and when you take vacations or how and where you live.
Let us be frank about it. It is only those who take the initiative can change the way they live. To quote an old saying, it is only those who jump in the water will reach the other shore, those who sit on the shore and keep contemplating will always remain where they are.
Remember that anything that requires little or no effort produces limited or temporary results. The opposite is also true: things that require you to think and act lead to permanent and lasting results. This is truer when it is applied to forex trading or for that matter, to trading in any market.
That brings us back to the original point of trader mindsets. Which type of a trader are you: independent or dependent?
A dependent trader wants quick and instant profits without earning them the hard way. A dependent trader never wants to put in an effort, follows the crowd and initiates trades based on hot tips, that are available dime a dozen in any market. The dependent trader is also on the lookout for automated trading programs that promise the moon and make you a millionaire overnight. These types of traders trade without a plan, with no understanding of what they are doing. They listen to news programs airing expert views and initiates ‘can not lose’ trades. It is another matter that such trades do lose.
The end result of such traders is frustration and they eventually do the only thing that is in their hands: they give up. What they do not realize is that all they had been doing all this time was nothing more that investing in lottery tickets, where the odds are heavily stacked against them, with the hope that they will one day get lucky and hit the jackpot.
Dependent traders neither have control over their lives nor do they have a chance for financial success.
Independent may be the opposite of dependent but an independent trader is not exactly the opposite of a dependent trader. There is a little bit of dependence in everyone but an independent trader uses that little bit of dependence to seek help and learn from others. Independent traders are workers; they work for everything they want. Either they know or they make an effort to know. They will go out of the way to seek people who can educate them.
Independent traders are not afraid to make mistakes because they know one can learn from one’s mistakes. At the same time they try their best not to repeat their mistakes.
Whereas an independent trader will depend on a mentor and/or learn form education to take control of situations, a dependent trader will never do that.
If you want to change your mindset and become an independent trader in the forex market here is what you should try to do.
1. Think of a trading plan and execute it. Select before hand what you want to be. See what fits in your daily work schedule and decide whether you want to be a day trader or end-of-the day trader or do you want to trade once a week. Then select what sources fit your plan the best. Never ever try to apply day trading techniques to end-of-the day trading or the other way round. They are not interchangeable at all and if you do you will discover that it does not work that way.
2. Try to educate yourself. You can look for education sources. Better to search more than one, preferably 2 or three, reputable sources. We can suggest well known and trustworthy names but the idea is that you identify them yourself and make an intelligent choice. Learn the techniques meant for your trading plan but also learn to apply them on your own.
3. Do not depend upon only one method of trading. Learn different trading methods and check them out. Your success is not guaranteed unless you have some basic understanding of trading methodologies, especially when using fundamental or technical indicators.
In the markets you can lose money very easily and quickly. You will gain nothing but frustration from losing money like that. Instead invest in yourself and gain knowledge. This can be your trading education cost which will bring you instant profits in the forex marketing.
Let us be frank about it. It is only those who take the initiative can change the way they live. To quote an old saying, it is only those who jump in the water will reach the other shore, those who sit on the shore and keep contemplating will always remain where they are.
Remember that anything that requires little or no effort produces limited or temporary results. The opposite is also true: things that require you to think and act lead to permanent and lasting results. This is truer when it is applied to forex trading or for that matter, to trading in any market.
That brings us back to the original point of trader mindsets. Which type of a trader are you: independent or dependent?
A dependent trader wants quick and instant profits without earning them the hard way. A dependent trader never wants to put in an effort, follows the crowd and initiates trades based on hot tips, that are available dime a dozen in any market. The dependent trader is also on the lookout for automated trading programs that promise the moon and make you a millionaire overnight. These types of traders trade without a plan, with no understanding of what they are doing. They listen to news programs airing expert views and initiates ‘can not lose’ trades. It is another matter that such trades do lose.
The end result of such traders is frustration and they eventually do the only thing that is in their hands: they give up. What they do not realize is that all they had been doing all this time was nothing more that investing in lottery tickets, where the odds are heavily stacked against them, with the hope that they will one day get lucky and hit the jackpot.
Dependent traders neither have control over their lives nor do they have a chance for financial success.
Independent may be the opposite of dependent but an independent trader is not exactly the opposite of a dependent trader. There is a little bit of dependence in everyone but an independent trader uses that little bit of dependence to seek help and learn from others. Independent traders are workers; they work for everything they want. Either they know or they make an effort to know. They will go out of the way to seek people who can educate them.
Independent traders are not afraid to make mistakes because they know one can learn from one’s mistakes. At the same time they try their best not to repeat their mistakes.
Whereas an independent trader will depend on a mentor and/or learn form education to take control of situations, a dependent trader will never do that.
If you want to change your mindset and become an independent trader in the forex market here is what you should try to do.
1. Think of a trading plan and execute it. Select before hand what you want to be. See what fits in your daily work schedule and decide whether you want to be a day trader or end-of-the day trader or do you want to trade once a week. Then select what sources fit your plan the best. Never ever try to apply day trading techniques to end-of-the day trading or the other way round. They are not interchangeable at all and if you do you will discover that it does not work that way.
2. Try to educate yourself. You can look for education sources. Better to search more than one, preferably 2 or three, reputable sources. We can suggest well known and trustworthy names but the idea is that you identify them yourself and make an intelligent choice. Learn the techniques meant for your trading plan but also learn to apply them on your own.
3. Do not depend upon only one method of trading. Learn different trading methods and check them out. Your success is not guaranteed unless you have some basic understanding of trading methodologies, especially when using fundamental or technical indicators.
In the markets you can lose money very easily and quickly. You will gain nothing but frustration from losing money like that. Instead invest in yourself and gain knowledge. This can be your trading education cost which will bring you instant profits in the forex marketing.
Forex Trading: Choosing Between Fundamental and Technical Analysis
While there is no dearth of information for forex traders to choose, the information must to selected and evaluated for initiating profitable trades. The Forex markets are driven by two major forces: fundamental and technical forces.
As is normal with all debates, there is an equal number on either side, some traders swear by technical analysis being the best while other would have it that by analyzing fundamentals one can read the market better.
Fundamental Analysis
Traders using fundamental analysis for potential trades have to time the market to be able to move along with the market. This is possible only if the trader has chosen day trading to be his preferred plan. As a day trader you are ‘always on’ and have to be on your trading platform always.
The markets are constantly reacting and discounting to information from around the world. The reaction times can be as short as instant. You miss the action triggered by the ‘surprise’ report if you cannot be at your trading platform in a minute.
This translates into a situation where the market’s reaction to data is important while the data per se has no relevance. What is important here is that most fundamental data is in the shape of projections. The news is confirmed only when there is an official release to authenticate the ’projected’ data. This makes timing even more important. If you can time the markets then only you stand to make short term instant profits. If you initiate trades based on fundamental analysis but have not chosen the right time then you should be ready to suffer a loss.
Technical Analysis
Traders using technical analysis are in an advantageous position as they have maneuverability in the markets. The fundamentals are reflected in the technical analysis. The trends that you see in technical analysis are based on certain criteria. When you ride a trend you are reasonably sure that it is appearing on the chart due to the changed fundamentals.
When you are trading on technical analysis you have time in your hands. The trend itself allows you that time to generate fast and instant profits. At the same time, technical analysis by its inherent nature indicates when the trend is expected to run its course. The price movements in forex markets dictate what trades you should make. Either way, you will find that your profits run in forex markets.
The bottom-line is that technical analysis is easier and allows you enough time to initiate trades. You need not be at the terminal all the time. You can increase your profits by looking into the end-of-the day trading concept recommended by Bill Poulos in his Forex profit accelerator course.
As is normal with all debates, there is an equal number on either side, some traders swear by technical analysis being the best while other would have it that by analyzing fundamentals one can read the market better.
Fundamental Analysis
Traders using fundamental analysis for potential trades have to time the market to be able to move along with the market. This is possible only if the trader has chosen day trading to be his preferred plan. As a day trader you are ‘always on’ and have to be on your trading platform always.
The markets are constantly reacting and discounting to information from around the world. The reaction times can be as short as instant. You miss the action triggered by the ‘surprise’ report if you cannot be at your trading platform in a minute.
This translates into a situation where the market’s reaction to data is important while the data per se has no relevance. What is important here is that most fundamental data is in the shape of projections. The news is confirmed only when there is an official release to authenticate the ’projected’ data. This makes timing even more important. If you can time the markets then only you stand to make short term instant profits. If you initiate trades based on fundamental analysis but have not chosen the right time then you should be ready to suffer a loss.
Technical Analysis
Traders using technical analysis are in an advantageous position as they have maneuverability in the markets. The fundamentals are reflected in the technical analysis. The trends that you see in technical analysis are based on certain criteria. When you ride a trend you are reasonably sure that it is appearing on the chart due to the changed fundamentals.
When you are trading on technical analysis you have time in your hands. The trend itself allows you that time to generate fast and instant profits. At the same time, technical analysis by its inherent nature indicates when the trend is expected to run its course. The price movements in forex markets dictate what trades you should make. Either way, you will find that your profits run in forex markets.
The bottom-line is that technical analysis is easier and allows you enough time to initiate trades. You need not be at the terminal all the time. You can increase your profits by looking into the end-of-the day trading concept recommended by Bill Poulos in his Forex profit accelerator course.
Forex Trading Traps
I wish I was reading this a couple of years ago!!
It would have saved me a lot of money!
Well it might not be a lot of money to the guys who sold me their Forex trading systems, but it was to me. I spent thousands of my hard earned and saved dollars on Forex systems that promised big results, yet did not deliver for me.
Don’t get me wrong, some of the Forex systems work; I actually talked to people who did get results from the programs.
Unfortunately I was one of them!
Yes you read it correctly I made money in my first week of trading!
In Forex you basically trade long term or short term, I was doing the short term trading (a day or less).
Yes I made good money thousands of dollars, boy was I excited I was wondering how long had this been going on. Forget the 9 to 5 job that just gets you by, that pays the bills but you don’t have anything left over to live on. I was going to make a killing, retire, work a few hours a day and live the good life!
Everything was great for a couple of weeks then I lost on a few trades, no big deal I will get it back on the next one. Because I had made good money for a couple of weeks I "knew I would get it back".
Then I began to learn what really goes on in the Forex world.
Swimming in shark infested water would be safer than playing with these guys.
Sometimes little bites, then big bites that almost break you in two, yes sir these guys know how to get at you.
This is what happened to me.
The market would be heading steadily in one direction then all of a sudden reverse and take my position out; you guessed it I would lose money. The weird thing about it was that when I did not set my stop loss it hardly happened to me. (The problem with putting a trade on without a stop loss is that you have to watch the trade all the time in case the market makes a big move against you, very dangerous.)
What was going on?
Ok there is a lesson here, the Forex broker was playing games with me he would manipulate the price to stop out my position and take my money! I found that one out too late, but you need to take note there are a lot of crooks out there in the Forex World. These guys know every trick in the book and they have been doing this for years. I started a demo account with another broker and compared the price movements and that’s how I found out that my broker was playing games.
Once I knew their tactics I could change brokers and see if the next one did the same or not put a stop loss on and spend all day in front of the computer. Well I still had to work and pay the bills so that was not going to work for me and frankly I did not have a lot of money left in the account to work with.
I learnt something else during this period; you need to take all the emotion out of your trading. I found that difficult as I had made money to start with and as I am not a robot, making money to start with turned out to be part of my downfall, it clouded my judgement.
What I needed and it is what you need!!!
An honest broker that is happy earning their money from the spread they get for each trade, their commission if you like.
A system that get better than 50% winners and takes the emotion out of the trading!
I was determined to get this Forex thing working for me; I could see the potential I just could not get it working for me.
So I tried several auto trading systems, some that only cost a $100 dollars and others that cost me over a thousand.
The real cheap ones could get a 50% or better winning trade result but only in certain market conditions. If the market was not working the way they assumed I would lose (I was only using demo accounts for these, I have learnt a little bit since I started trading Forex) and all the gains made would disappear.
The systems that cost a lot more where complicated you had heaps of setting that you had to adjust depending on things like, time of day, market trends- steady market volatile market, the currency pair that you were trading etc etc.
You getting the picture? You need to be an analytical person or plainly put a rocket scientist to get it right. I not either of them so that did not work.
Frankly it was all too hard and too costly and I needed a break.
I never gave up on the Forex market I just needed to regroup and start a fresh.
A few months later I was looking at a website that promised results in the Forex market. My first reaction was oh yea I have heard that before, yet I had a look.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
When you drop a few thousand on Forex courses and systems and then a few more on Forex trading, it prompts a lot of soul searching.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
A broker that does'nt deal against you, you win he loses- you lose he wins. Guess what happens in these situations.
A broker that does'nt deal against you, you win he loses- you lose he wins. Guess what happens in these situations.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
• A broker that does not deal against you ie you win he loses, you lose he wins. Guess what happens in this situation.
When you drop a few thousand on Forex courses and systems and then a few more on Forex trading, it prompts a lot of soul searching.
It would have saved me a lot of money!
Well it might not be a lot of money to the guys who sold me their Forex trading systems, but it was to me. I spent thousands of my hard earned and saved dollars on Forex systems that promised big results, yet did not deliver for me.
Don’t get me wrong, some of the Forex systems work; I actually talked to people who did get results from the programs.
Unfortunately I was one of them!
Yes you read it correctly I made money in my first week of trading!
In Forex you basically trade long term or short term, I was doing the short term trading (a day or less).
Yes I made good money thousands of dollars, boy was I excited I was wondering how long had this been going on. Forget the 9 to 5 job that just gets you by, that pays the bills but you don’t have anything left over to live on. I was going to make a killing, retire, work a few hours a day and live the good life!
Everything was great for a couple of weeks then I lost on a few trades, no big deal I will get it back on the next one. Because I had made good money for a couple of weeks I "knew I would get it back".
Then I began to learn what really goes on in the Forex world.
Swimming in shark infested water would be safer than playing with these guys.
Sometimes little bites, then big bites that almost break you in two, yes sir these guys know how to get at you.
This is what happened to me.
The market would be heading steadily in one direction then all of a sudden reverse and take my position out; you guessed it I would lose money. The weird thing about it was that when I did not set my stop loss it hardly happened to me. (The problem with putting a trade on without a stop loss is that you have to watch the trade all the time in case the market makes a big move against you, very dangerous.)
What was going on?
Ok there is a lesson here, the Forex broker was playing games with me he would manipulate the price to stop out my position and take my money! I found that one out too late, but you need to take note there are a lot of crooks out there in the Forex World. These guys know every trick in the book and they have been doing this for years. I started a demo account with another broker and compared the price movements and that’s how I found out that my broker was playing games.
Once I knew their tactics I could change brokers and see if the next one did the same or not put a stop loss on and spend all day in front of the computer. Well I still had to work and pay the bills so that was not going to work for me and frankly I did not have a lot of money left in the account to work with.
I learnt something else during this period; you need to take all the emotion out of your trading. I found that difficult as I had made money to start with and as I am not a robot, making money to start with turned out to be part of my downfall, it clouded my judgement.
What I needed and it is what you need!!!
An honest broker that is happy earning their money from the spread they get for each trade, their commission if you like.
A system that get better than 50% winners and takes the emotion out of the trading!
I was determined to get this Forex thing working for me; I could see the potential I just could not get it working for me.
So I tried several auto trading systems, some that only cost a $100 dollars and others that cost me over a thousand.
The real cheap ones could get a 50% or better winning trade result but only in certain market conditions. If the market was not working the way they assumed I would lose (I was only using demo accounts for these, I have learnt a little bit since I started trading Forex) and all the gains made would disappear.
The systems that cost a lot more where complicated you had heaps of setting that you had to adjust depending on things like, time of day, market trends- steady market volatile market, the currency pair that you were trading etc etc.
You getting the picture? You need to be an analytical person or plainly put a rocket scientist to get it right. I not either of them so that did not work.
Frankly it was all too hard and too costly and I needed a break.
I never gave up on the Forex market I just needed to regroup and start a fresh.
A few months later I was looking at a website that promised results in the Forex market. My first reaction was oh yea I have heard that before, yet I had a look.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
When you drop a few thousand on Forex courses and systems and then a few more on Forex trading, it prompts a lot of soul searching.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
A broker that does'nt deal against you, you win he loses- you lose he wins. Guess what happens in these situations.
A broker that does'nt deal against you, you win he loses- you lose he wins. Guess what happens in these situations.
These days I know what I am looking for:
• An automated system, to take the emotion out of it.
• A money back guarantee, if they don’t have one then they do not believe it works, so why should I.
• An honest broker that works with the system, it not much good having a system only to find out your broker can't or won't support it.
• A broker that has reasonable spreads, the commission the broker gets on each deal. If the spread is to much it is hard for a lot of systems to make money.
• A broker that does not deal against you ie you win he loses, you lose he wins. Guess what happens in this situation.
When you drop a few thousand on Forex courses and systems and then a few more on Forex trading, it prompts a lot of soul searching.
Stock Market Trading Your Best Investment
Your stock market trading dominions are your income. When you remain by your conventions you play in acquire. All the unvaried if you breach your own timber handling formulas the most believable termination is that you'll cease off realize. When you've an trusty stripe of capital dealing conventions it is essential to touch them in intelligence. Here is one learning that can gather advantages. Interpret these decrees preceding to your day beginnings and also interpret the conventions when your day ceases.
Of course you need to abide by a band of finds if you acquire them. It is natural to want to breach or prefer decrees and it questions condition to continue behaving in conformity with the completed conventions. There are a lot of boldface dealers and sure-enough bargainers out there, but never any stale sheer dealers. Keeping your working capital basal safe is important to improve stock market trading
A few dealers score a symmetric lower disposition for deprivation. The fundamental aim here is to bonk endowment betokens region the boundaries of your temperament for deprivation. Remain abreast of almost the executing of you gun stock and adhere your domesticity deprivation taper. This is a make that present allow you to aim the most taboo of arising buys in. Proceed getting and begetting individual at this one process of treatment.
Never ascension up from unitary distributing practice to a distinct. Mastery one and exclusive forge instead of go just at applying a lot of manners. Never brook heed to extortionate belief most the option trading strategy /are-options-risky-really/) or divide stocks you're handling or are already dealings. Everything is contemplated in the toll and intensiveness.
What are your feelings concerning the stock market? Does it make you feel happy or sad? Would you be more comfortable with a plush infant's toy? This is the real world, and making money requires one to take risk. Sure, there are easier plays, but to make a lot of cash, one must be willing to gamble! Consider that the next time you find a bunch of gibberish on a web log or common page! Try the hamburger next time.
Of course you need to abide by a band of finds if you acquire them. It is natural to want to breach or prefer decrees and it questions condition to continue behaving in conformity with the completed conventions. There are a lot of boldface dealers and sure-enough bargainers out there, but never any stale sheer dealers. Keeping your working capital basal safe is important to improve stock market trading
A few dealers score a symmetric lower disposition for deprivation. The fundamental aim here is to bonk endowment betokens region the boundaries of your temperament for deprivation. Remain abreast of almost the executing of you gun stock and adhere your domesticity deprivation taper. This is a make that present allow you to aim the most taboo of arising buys in. Proceed getting and begetting individual at this one process of treatment.
Never ascension up from unitary distributing practice to a distinct. Mastery one and exclusive forge instead of go just at applying a lot of manners. Never brook heed to extortionate belief most the option trading strategy /are-options-risky-really/) or divide stocks you're handling or are already dealings. Everything is contemplated in the toll and intensiveness.
What are your feelings concerning the stock market? Does it make you feel happy or sad? Would you be more comfortable with a plush infant's toy? This is the real world, and making money requires one to take risk. Sure, there are easier plays, but to make a lot of cash, one must be willing to gamble! Consider that the next time you find a bunch of gibberish on a web log or common page! Try the hamburger next time.
Option Trading-some Tps To It
Option trading is a precarious business. It is complex and speculative. It is clearly not a good activity for everyone. Investing through option trading can be risky. Winning is definitely not a certainty. Only a small number of people can successfully engage in option trading.
There are some key things to be aware of before jumping in to the world of stock options trading. Do you know how much money you have to spend? How do you know what you can afford to 'live without' should the market fall? If you spend more than you have, not only could you stand to lose what you've invested, but perhaps the trickle down effect could cause more damages to your lifestyle. Be aware of your means, and be smart with your investments.
Realizing commodity characteristics and additional option signs up is crucial prior to enrolling into those forms of signs up. You had better acknowledge in advance the conventions so that you are able to approximate whether you're able of addressing your responsibilities. If you're not acquainted with the method of the dealing, you need to acknowledge who you should get hold of if ever you've troubles or doubts that might develop. Option trading can be really complicated, so you need to have somebody to direct you.
Option dealings is a bit of a risky business and people who are considering buying and selling stock options should be aware of their own financial limitations. For example, there's little point in investing everything you have, if the stocks you choose fall before they rise. If you can't play, you can't stay. Examine how much 'expendable' monies you have to work with, and then you can decide how and where to spend them.
You require apportioning your endings with an agent in order to find out if your conclusions are healthy and advantageous. You should even take help of option tutorial (http://www.tradingtrainerblog.com/what-exactly-is-an-option/) as these are really helpful. If you believe that you're adequate to and you've all the causes to commit in the option trading and the hereafters, you as well require to ascertain the extent to which you prefer to swear on the advice of the agent instead of believing your own decisiveness's.
Then later on actualizing, you should equate and appraise all the formulas of trading prior to selecting the one that you believe that will most beneficially enforce your destinations. Finally, you should fix a few boundaries concerning the length of the investment and the measure of loss you're wishing to place yourself into. Just like the additional fiscal markets, option trading and futurities, they're resorting and the profit might not follow that promptly.
There are some key things to be aware of before jumping in to the world of stock options trading. Do you know how much money you have to spend? How do you know what you can afford to 'live without' should the market fall? If you spend more than you have, not only could you stand to lose what you've invested, but perhaps the trickle down effect could cause more damages to your lifestyle. Be aware of your means, and be smart with your investments.
Realizing commodity characteristics and additional option signs up is crucial prior to enrolling into those forms of signs up. You had better acknowledge in advance the conventions so that you are able to approximate whether you're able of addressing your responsibilities. If you're not acquainted with the method of the dealing, you need to acknowledge who you should get hold of if ever you've troubles or doubts that might develop. Option trading can be really complicated, so you need to have somebody to direct you.
Option dealings is a bit of a risky business and people who are considering buying and selling stock options should be aware of their own financial limitations. For example, there's little point in investing everything you have, if the stocks you choose fall before they rise. If you can't play, you can't stay. Examine how much 'expendable' monies you have to work with, and then you can decide how and where to spend them.
You require apportioning your endings with an agent in order to find out if your conclusions are healthy and advantageous. You should even take help of option tutorial (http://www.tradingtrainerblog.com/what-exactly-is-an-option/) as these are really helpful. If you believe that you're adequate to and you've all the causes to commit in the option trading and the hereafters, you as well require to ascertain the extent to which you prefer to swear on the advice of the agent instead of believing your own decisiveness's.
Then later on actualizing, you should equate and appraise all the formulas of trading prior to selecting the one that you believe that will most beneficially enforce your destinations. Finally, you should fix a few boundaries concerning the length of the investment and the measure of loss you're wishing to place yourself into. Just like the additional fiscal markets, option trading and futurities, they're resorting and the profit might not follow that promptly.
With Automated Forex Trading System Software, Part Time Forex Traders And Newbies Can Save Lot Of Time And Money
There are many tools available to the FOREX trader for analyzing the market as well as for buying and selling currencies. Software tools are a necessary part of FOREX because of its volume and volatility. Software can be used to automate some of the trading procedures and safeguard against losses.
In order to make rational, successful trades, the FOREX trader needs information – lots of information. Current exchange rates are the tip of the iceberg – the trader needs historical data as well as current information about political and economic conditions that could affect currency prices. All this information is provided by many FOREX brokers on their web sites.
Successful FOREX trading relies on making accurate assessments of current political and economic conditions. Being able to predict whether a currency will fall or rise against another currency allows the FOREX trader to profit from currency movements.
There are two basic trading methods for buying and selling currencies.
1. Reactive trading means the trader responds to changes in the political or economic climate.
2. Speculative trading means the trader makes buying decisions based on predictions on how the market will respond to current events.
While most FOREX trading is speculative, both types of trade require up-to-the-minute information and an analysis of current and historical conditions.
Traders rely on both fundamental and technical analyses. Fundamental analysis is based on news information about political conditions, economic policies, trade patterns, interest rates and unemployment rates. Technical analysis relies on historical charting to identify trends and patterns over time. Information needed for both types of analyses is available in real time on the Internet. Most online brokers offer live news feeds and streaming rates for observing minute by minute changes in the market.
All this information can help you decide which currencies to buy. More tools are available to help you minimize your risk and maximize your profits.
Most of the tools that are available to you in the market are like PIP calculators, Pivot point calculators, etc. But however all these tools are used to make technical analyses to predict the upcoming trends in the market.
Now a days, all these tools will be available with the forex brokers with whom you are dealing. The forex brokers also provide the demo versions on how to use them. But whatever the tools are, all the tools that are provided are used to make the technical analyses.
Knowing about all the tools and their usage is good, but you alone as a forex trader needs a lot of time to make technical analyses using all those tools. For this reason, the forex brokers and other big forex expert organizations work with all the provided tools and make analyses and provides you the information called the Forex trading signals.
Providing you the forex trading signals is nothing but, that they are doing the technical analyses for you. But for providing those trading signals to you, they do charge from $50 to $200 a month for monthly subscriptions.
Forex brokers and the big forex expert organizations who provides you the trading signals by charging you will provide the individual tools like as I said earlier the PIP calculators, the Pivot point calculators etc, but they never provide you the comprehensive tool i.e “Automated Forex Trading System Software”.
The “Automated Forex Trading System Software” actually takes a single input and does all the calculations like Pip calculations, pivot point calculations etc, and generates the forex trading signals by itself and place the buy and sell orders automatically to the forex brokers with out ant human intervention.
Now many “Automated Forex Trading Software Systems” are available at low and affordable price. They are also of one time purchase. To operate them is very simple and the inputs that it requires also available free in the internet.
If you can use “Automated Forex Trading System Software”, you can really save a lot of time which you loose while researching on the technical analysis and also saves money which you spent for trading signals on monthly basis to forex signal services. At the same time there is no need for you to depend on any forex broker or on any forex expert organization for the forex trading signals, as you never know when these signal providers system can be down.
I highly recommend part time forex traders and newbie’s to use automated forex trading system software as they can really save lots of time and money.
In order to make rational, successful trades, the FOREX trader needs information – lots of information. Current exchange rates are the tip of the iceberg – the trader needs historical data as well as current information about political and economic conditions that could affect currency prices. All this information is provided by many FOREX brokers on their web sites.
Successful FOREX trading relies on making accurate assessments of current political and economic conditions. Being able to predict whether a currency will fall or rise against another currency allows the FOREX trader to profit from currency movements.
There are two basic trading methods for buying and selling currencies.
1. Reactive trading means the trader responds to changes in the political or economic climate.
2. Speculative trading means the trader makes buying decisions based on predictions on how the market will respond to current events.
While most FOREX trading is speculative, both types of trade require up-to-the-minute information and an analysis of current and historical conditions.
Traders rely on both fundamental and technical analyses. Fundamental analysis is based on news information about political conditions, economic policies, trade patterns, interest rates and unemployment rates. Technical analysis relies on historical charting to identify trends and patterns over time. Information needed for both types of analyses is available in real time on the Internet. Most online brokers offer live news feeds and streaming rates for observing minute by minute changes in the market.
All this information can help you decide which currencies to buy. More tools are available to help you minimize your risk and maximize your profits.
Most of the tools that are available to you in the market are like PIP calculators, Pivot point calculators, etc. But however all these tools are used to make technical analyses to predict the upcoming trends in the market.
Now a days, all these tools will be available with the forex brokers with whom you are dealing. The forex brokers also provide the demo versions on how to use them. But whatever the tools are, all the tools that are provided are used to make the technical analyses.
Knowing about all the tools and their usage is good, but you alone as a forex trader needs a lot of time to make technical analyses using all those tools. For this reason, the forex brokers and other big forex expert organizations work with all the provided tools and make analyses and provides you the information called the Forex trading signals.
Providing you the forex trading signals is nothing but, that they are doing the technical analyses for you. But for providing those trading signals to you, they do charge from $50 to $200 a month for monthly subscriptions.
Forex brokers and the big forex expert organizations who provides you the trading signals by charging you will provide the individual tools like as I said earlier the PIP calculators, the Pivot point calculators etc, but they never provide you the comprehensive tool i.e “Automated Forex Trading System Software”.
The “Automated Forex Trading System Software” actually takes a single input and does all the calculations like Pip calculations, pivot point calculations etc, and generates the forex trading signals by itself and place the buy and sell orders automatically to the forex brokers with out ant human intervention.
Now many “Automated Forex Trading Software Systems” are available at low and affordable price. They are also of one time purchase. To operate them is very simple and the inputs that it requires also available free in the internet.
If you can use “Automated Forex Trading System Software”, you can really save a lot of time which you loose while researching on the technical analysis and also saves money which you spent for trading signals on monthly basis to forex signal services. At the same time there is no need for you to depend on any forex broker or on any forex expert organization for the forex trading signals, as you never know when these signal providers system can be down.
I highly recommend part time forex traders and newbie’s to use automated forex trading system software as they can really save lots of time and money.
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