Whether you are an ebook author/publisher or a print book author/publisher, you can get your unique, helpful information out to your audience. You'll help make other people's lives better, become a household name, gain clients, sell more books and make much more money when you design each part of your book to attract more readers.
Format and design your book's insides, front and back matter so it will sell the minute you publish.
Book Designing Check and Correct List For your Book's Front and Back Matter:
1. Put book cover in 4-color design as first page. Rather than do it yourself, hire a competent cover designer. For business books, check out MaxCovers.com. He designed four for me.
2. Create a title page after the cover with your publishing information, and copyright.
3. Make an extra testimonial page to insert right before your table of contents. Testimonials from the rich and famous, media, man/woman on the street, and happy readers convince others by their endorsement to make your book a top seller.
4. Include a list of your other books right before the table of contents to widen sales.
5. Create a table of contents (your chapter titles) and place below it your complimentary free bonus report title(s) and where to find them.
6. Put your one page sparkling "mini sales letter" introduction right after the table of contents.
7. Redesign of all fonts so your book will be easy to read. Easy to read books are the number one way to sell more books. Ordinary fonts are Arial and other sans serif fonts for the headings and Times Roman and other serif fonts for the copy.
8. Put in proper headings at the top and bottom of each page in the headers and footers. Put the title and page number at the top, and your name and Web site URL at the bottom.
9. Put the whole book in Portable Document Format PDF as well as Microsoft Word. You can edit the Word copy, and allow your customers to download the PDF file unless your offer your book via toll-free number. While PDF is not foolproof safe, it's a common form and if passed on doesn't allow they person to edit it. With your name and Web site there people know who the expert is.
10. List your products and prices at the end of the book along with a page on your coaching, speaking, or other services. You may want to add benefit-driven annotated table of contents for your other books at the end too.
When you include all these parts in your book, your increased new sales will surprise you.
Judy Cullins ©2006 All Rights Reserved.
About The Author
Judy Cullins, 20-year Book and Internet Marketing Coach works with small business people who want to make a difference in people's lives, build their credibility and clients, and make a consistent life-long income. Author of The Fast and Cheap Way to Explode Targeted Traffic and 11 others, she offers free help through her 2 monthly ezines, "The Book Coach Says. . .," and "Business Tip of the Month." at www.bookcoaching.com. Email her at Judy@bookcoaching.com or Cullinsbks@aol.com.
Getting paid. Isn't that the ultimate goal from each and every sale? It had better be, or you are in the wrong business! Why are you in the selling profession? It certainly isn't the easiest job. It certainly is not a career for everybody, and everyone is not qualified or capable to be in sales. At the core, we are professionals drawn to the potentially high level of earnings available. There are the scheduling freedoms, the new experiences every day, the self-discipline, the interaction with a variety of people, the networking, the fun and so much more that entices us to be in the selling profession. Typically however, we do not get paid until the customer pays for the goods and services rendered. It is extremely important to make certain that this happens, and in a timely manner.
Every salesperson has experienced the agony of having performed his duties absolutely correctly up to the point of the customer paying their bill, only to find that there has been no payment made, hence, no commissions earned. During the last few years, more and more companies have downsized or shut their doors for good, often with outstanding bills to pay. Lawyers, collection agents and sometimes the salesperson herself are employed in the effort to collect funds from delinquent accounts. It is not a role that we find comfortable at all.
How do we insure that our efforts are rewarded? How can we be certain that we will indeed see our commissions paid in a timely manner, or at all? Although there is no absolute guarantee, there is one technique that will certainly reduce or eliminate the incidence of non-payment and no commissions. They key to receiving commissions in exchange for our selling efforts is in the qualification process.
Do you really want to sell to just anybody? Do you really want to go out blindly and spend your precious resources attempting to develop an account that will never blossom into a paying customer? Aren't you really interested only in those prospects who have demonstrated a need for your product or service, who are ready to buy now and who have a proven track record for paying their bills promptly? Sure you are. These are the only type of prospect we should be interested in. When I investigate a new prospect, I have learned that it is critically important to pre-qualify them from a payment standpoint at the same time that I qualify them as a solid prospect, worthy of my additional sales time. It is not sales arrogance being demonstrated, but sales intelligence.
Spend your time wisely. Learn everything possible about each prospect, especially their current financial condition and payment history. In this manner, your selling time is rewarded by earned commissions, not endless headaches because of deadbeat accounts. It is somewhat akin to getting paid in advance!
Copyright 2005 Daniel Sitter
About The Author
Daniel Sitter is the author of the popular, award-winning book, Learning For Profit. Designed for busy people, his new e-book teaches simple, step-by-step accelerated learning skills, demonstrating exactly how to learn anything faster than ever before. Learning For Profit is available at the author’s web site http://www.learningforprofit.com and from numerous online book merchants. Mr. Sitter, having extensive experience in sales, marketing and personal development, is a frequent contributor to several publications.
The property market in Spain has been a vexed area for investors recently. The end of the boom years, the credit crunch and recent demolitions of homes that breached planning regulations are all major hits from which some markets might not recover.
Yet those looking to invest in property in Spain may be surprised to find that the country is not out for the count. Some areas may be a bit bruised but, it appears, others still pack a punch.
Huelva, for example, is a location which may become a major hotspot, the Daily Telegraph reported today. However, it notes, it is not at the moment, being home to just one per cent of the 800,000 new properties constructed in the country in the past year.
Yet this area, the paper notes, offers white sandy beaches, lots of southern Spanish property sunshine and distinctly cheap spain properties. Isolated from the rest of Andalucia by the Donana national park which lies inland (offering a further scenic attraction for visitors), it sits in a quiet spot between the two honeypots of the Costa Del Sol and the Portuguese Algarve, whose property prices are twice as high
At present this quiet corner may offer a cheap and peaceful alternative for those wanting to get away from it all but willing to put up with flying into Portugal and then travelling across the border in order to get there. But this situation will not last for much longer, as Huelva's own airport will open in 2012. Those who buy there now may find their property soaring in value once the cheap airlines start arriving.
Of course, there are other opportunities in areas which some may have neglected too. For example Murcia, a region which has seen its coast covered in golfing resorts, is now finding that its boom towns are mainly inland, reports Homes Worldwide.
The portal notes that eight of the ten most popular towns in the region are now inland, with prices rising, according to Spanish property website Kyero.com.
Moratalla was the most successful of these with a 50 per cent rise in prices between 2006 and 2007, while Jumilla saw a 25 per cent increase. However, this still left the average price at €124,000 and €173,000 (£93,000 and £130,000) respectively, hardly excessive for a British investor to afford compared with prices back home.
Of course, buying property in such places as inland Murcia in the expectation of continued rising prices, or in Huelva in the light of its future prospects may pass many people buy. For some it may be because they have remained interested in the crowded, familiar places where so many others have already been. Alternatively they may have read the headlines and abandoned Spain favour of other markets. Either way, those who ignore the prospects still offered by Spain's new hotspots may soon be kicking themselves.
In today's world Property investment is an excellent investment option especially investment in UK
About The Author
Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property.
http://cape-verde.assetz.co.uk/
LIVING IN CREDIT CARD UTOPIA
Let’s just take a brief moment to recap:
If you’ve been following along on this journey with me, learning the 5 Super-Charged secrets to Credit Card Utopia, then you now know 4 very important things:
1. You now know how to take advantage of zero to low interest credit card offers.
2. You now know that there is safety in numbers, and you know the magic “Who’s Who” of the major credit card companies. You know that one of them, in my opinion, stands out for consumers.
3. You now know how to take a low interest credit card with a rewards program, and convert it into a money making technology that could seriously improve your financial house.
4. You now know how to work with merchants to harness your consumer buying power, even if you have bad credit, so that you can get low interest, incentives, and discounts through buying on credit.
With me? Good. These are all essential foundations that you need to follow in order to live in Credit-Card Utopia with me.
And NOW…On to the FINAL, most important, MOST significant secret that I have to reveal…
Secret # 5 revealed: Living in Credit Card Utopia:
1) I live in a world where there is no such thing as interest rates. There is zero interest, zero annual fees, membership benefits, and perks.
What world do you live in?
2) I live in a world where consumers are the ones in the drivers’ seat. We are powerful, powerful creatures, us buying-spending-consuming maniacs. We have the power to make our own choices about how to wield this mighty sword.
Are YOU a powerful creature?
3) I live in a world where plastic is a money-making technology. I don’t live for plastic, and plastic does not own me. I am my own person, beholden to no one. But, plastic and I…We’re business partners. At the end of the year, plastic sends me a big fat check for thousands and thousands of dollars, and I take my family on a KILLER vacation.
Are you in business with plastic?
4) I live in a world where nothing is impossible. Life presents obstacles, and I overcome them. NO BIG DEAL…So, while you may not be able to get into the pearly gates of Credit Card Utopia right now….Enjoy sitting on the front porch, bartering with merchants, while you get your ducks lined up in a row.
Are you lining up your ducks?
5) I live in a world of goals, objectives, action plans, deadlines, and in Credit Card Utopia, good things don’t come to those who wait…Good things come to those who take ACTION, and move towards their goals.
Do you take action?
Do you have goals?
Are you working towards improving your life?
LIVING IN CREDIT CARD UTOPIA
In Credit Card Utopia, I am totally, totally satisfied. I am at peace with my credit cards, and they love me. We are the elite few. We are the ones that enjoy low interest rates, cash-back at the end of the year, and perks, perks, perks.
And I want you here with me. There is no limit to how many of you can join me, in Credit Card Utopia…There is no population growth control, no capacity restrictions, no ceilings.
This is Credit Card Utopia. All are welcome here.
So, open your mind.
Open your creative mind, and look at your life as a template for change.
Look in every corner and every crevice, and start clearing away the cobwebs and dust-balls of your structured thinking. Find answers. Find solutions. Don’t limit yourself.
Stop thinking like a box, and start thinking like a winding, swirling, ever-changing thread of energy.
Living in Credit Card Utopia, is not about following steps 1 through 5 (although I gladly provide you with mine).
Living in Credit Card Utopia, is about following strange journeys carved out by mysterious neurons in your brain, to solve problems.
I’ve given you 5 creative ways to tackle plastic. But, for my 5 super Turbo-Charged secrets, there must be thousands, thousands more.
Living in Credit Card Utopia, is about looking at your obstacles, and converting them to opportunities.
Living in Credit Card Utopia, is about taking all your assets, and maximizing them to your highest advantage.
Living in Credit Card Utopia, is EASY…If you just open your mind to the freedom of possibilities.
The only restriction you have, the only thing that prevents you from coming up here with me, the only thing that is getting in your way….Is You….
WAIT A SECOND, WAIT A SECOND!!!! STOP!!!
So what IS secret #5, Tom? I’m confused. What are you saying? What is this secret, “LIVING IN CREDIT CARD UTOPIA?” Spell it out for me. I don’t get it…It all sounds really esoteric, and mumbo-jumbo-ish... Come down from la-la land, and tell it to us in plain, simple talk.
I hear you cry.
Let me rephrase,
Let me put it another way,
Let me finally throw all my cards on the table...
If you want to “BE” Like me,
And all us Utopians up here….
Then you need to LIVE…
More…
Like a Utopian.
Still unclear? You know, there’s one person that can explain it better than I…Go ask your 5 year old daughter.
She understands. It’s the way she is learning, to be just like you.
That’s secret #5, and it truly is the most important one.
Welcome to Credit Card Utopia.
We’ve enjoyed providing this information to you, and we wish you the best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense.
Publisher’s Directions:
This article may be freely distributed so long as the copyright, author’s information, disclaimer, and an active link (where possible) are included.
Disclaimer: Statements and opinions expressed in the articles, reviews and other materials herein are those of the authors. While every care has been taken in the compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.
About The Author
Tom Levine provides a solid, common sense approach to solving problems and answering questions relating to consumer loan products. His website seeks to provide free online resources for the consumer, including rate-watch, tips and articles, financial communication, news, and links to products and services. You can check out Tom's website here: http://loanresource.org, or you can email Tom at info@loanresource.org.
LEAN MANUFACTURING”, you hear it everywhere, everyday, you can’t escape it, but what is it? We all have our ideas, however, if you haven’t been formally trained or deeply involved, odds are, you’re thinking only of the cost savings side. Think back when ISO became all the rage. The basic understanding was that we would hire a quality engineer, put some standards and checklists in place, and magically, all our problems would be solved. In a short amount of time and with a reasonably small budget; our defects would vanish, our lead times and inventories would shrink, the customers would beat a path to our doors, and our profits would soar. Company after company embraced the concept, and a considerable percentage of those companies soon abandoned it as too costly and time consuming when compared to the immediate financial returns.
Now, as we are deeply entrenched in the lean manufacturing era, most small to medium businesses are of the same mindset. Just as we saw company after company abandon the ISO certification process because it was too time consuming, costly and wasn’t bringing those throngs of customers to our doorsteps, so too are many companies abandoning, or in many cases, taking only a random or unsystematic approach to this concept.
The major stumbling block to achieving a successful lean approach is usually shortsightedness. We mean well, we want to improve, but we really don’t have a genuine understanding of what is involved. For lean to work we need to approach it as a long term solution that requires continuous attention, involvement and commitment.
Any Improvement Practice MUST:
• be viewed as a major overhaul and not a short term fix
• be forward thinking and take a long term approach
• be driven from the top down
• involve all departments and personnel, especially upper management
• account for those processes, procedures and tasks that do not currently exist, but are essential to the success of any program
• follow a detailed plan
• be well documented and controlled
• be allowed to grow and adapt to your changing needs
• have a committed, long term, budget and resource pool
• have well defined goals that are reasonable and achievable
• celebrate success, and
• share the wealth
LONG TERM METHODOLOGY
Lean manufacturing is a continuous and living entity. To approach it as a quick fix that will bring increased profits and efficiencies is a guarantee of failure. Although the lean process has been documented in countless papers, lectures, seminars, and accredited training programs, many organizations lack even the basic fundamental processes and tools needed to implement lean manufacturing. Most failures can be attributed to this lack of a solid foundation on which lean will be built, and as a result, we are quickly overwhelmed by the amount of work and capital that must be spent before we can even begin to implement the lean initiatives. In a relatively short time we lose enthusiasm, get increasingly bogged down in seemingly mundane tasks, we eventually succumb to immediate time and budget constraints, and before we realized it, the program has been pushed to the back seat or shelved altogether.
TOTAL COMMITMENT
To be successful, any program which requires us to stray from our normal day to day behavior patterns has to be embraced and driven from the top down. This approach lends credibility to our actions, provides visibility of our endeavors, and assures motivation and direction will be maintained. Anyone who has tackled lean manufacturing will tell you it is a constant uphill struggle that requires leadership with a strong will and an ambitious outlook. The major players need to be forward thinking, self motivated pioneers, who can look at the big picture and effectively break it down into smaller manageable tasks that move the project ahead one step at a time. Team leaders must possess an inherent ability to fully understand the day to day operational procedures of the company and to pull all departments together in a common purpose toward the same goal. Managements’ direct participation is essential in providing the support, motivation and cooperation of everyone involved. And make no mistake, everyone must be involved.
GROUNDWORK
Though the fundamental procedures outlined in the lean initiatives seem simple and systematic at first glance, implementation of these principles can be overwhelming. For instance, taking a close look at those processes that are too long or wasting valuable time and improving on those numbers through proven manufacturing methods is in itself somewhat obvious, but exposing those processes often is not. How do you know what processes are questionable? Do you have valid, proven process sequences? Do you even have documented process models? Are these sequences measured against valid cost studies or accurate estimates? Before you can begin to solve problems you will need to put into place all those procedures, time studies, controls, records, documents, etc. Who will perform this work? Are they capable of managing these tasks in addition to the daily workload? These are just a few of a multitude of tasks that will be required before the actual cost saving can begin, and it is precisely at this point that the project begins to lose effectiveness.
You are suddenly faced with mountains of work that drain resources and don’t show results on the bottom line. Experienced personnel are reduced to clerks, measuring and documenting data. The forms and documents produced are not universal across all departments. There is no system in place to file, maintain or control the mountains of paper and the endless sea of data collected. More often than not, as the day to day problems continue to pile up, you are forced to commit your resources to keeping the company afloat and lean manufacturing fades into the background.
GOAL DRIVEN
Only by having well defined goals can you hope to succeed. Outlining precisely each and every task that will be required, not just on the improvement side, but in developing the basic infrastructure that will be required to implement those improvements, will put the project in perspective.
Once you have a complete and concise understanding of what is truly involved you can determine reasonable time frames, budget resources accordingly, assign the appropriate personnel, and develop acceptable expectations. Break the processes down into smaller, more manageable tasks that can be scheduled into reasonable time frames. Commit to addressing these tasks on a regular basis. And most importantly, understand that it is going to take time.
Take advantage of the projects you’ve identified to groom your employees, set long and short term goals, involve your entire organization and truly promote that team approach we all claim to practice. As goals are met, publish your success and reward the participants.
Taking small steps in the early stages has several key advantages. This allows for small successes to be realized which foster a sense of worth in those involved as it provides a means of gaining experience and confidence to take you to the next level. Smaller projects take less time, tie up significantly less capital, and still provide the ability to handle your day to day business. These smaller projects facilitate two major advantages which are often overlooked. First they generate savings that can be used to offset current losses in poor productivity and inaccurate estimates which can defer the costs of overtime, additional equipment and customer dissatisfaction. And secondly, they provide a means to identify and finance your future projects.
ADAPTATION
No matter how accomplished you become in the short term, continued long term success can only be achieved by the realization that the system, complete with all is procedures, documentation and controls is a living entity and it must be allowed to grow and adapt. If you think you will get it right the first time, every time, you are destined to fail. As you improve your processes you will inevitably become aware of opportunities that were previously unforeseen. Changes in company direction or market demands will move you into new territories and you will need to adapt quickly. If something doesn’t work as well as it should, change it. Don’t be afraid to admit your shortcomings. Audit your systems, evaluate your controls, assess your needs, and when warranted, adapt your system so it serves your purpose.
DETAILED DOCUMENTATION AND CONTROL
Documentation, documentation, documentation, it can’t be said enough. If there is one place that begs to be overlooked it is proper documentation. Record keeping is a mundane and time consuming effort that is most often incomplete or ignored altogether. Documentation should be approached as a tool that provides many advantages: examples of our successes and failures; milestones of our progress; foundations for value stream mapping, process maps and work instructions; quality, safety and process controls; and an excellent means of disseminating information within the organization or publicly.
Documenting successes provides substantiated evidence of cost saving which can be utilized to bankroll future projects or new equipment and personnel in addition to being a great source of direction in moving the program ahead. If a particular solution to a problem in one area yields impressive results, it only makes sense to adapt this solution to other processes or problems within the company. We are very good and documenting what “went wrong” and trying to prevent it from happening somewhere else, but all too often we overlook the opportunity to take what ”went right” and apply it across the board.
No matter how successful the program becomes at improving the processes, without proper documented controls in place, things will inevitably return to their old problematic ways. Controls are our best means of insuring what was put in place remains in place. It also provides an avenue to review our accomplishments from time to time to ensure things haven’t gone awry. When new problems arise, the first place we look is to the controls. How did this happen? What can we do to prevent it from happening again? Properly developed controls will tie us back to supporting documents which can be a great source of trouble shooting. They give us concrete data to determine if the process itself needs changing or if the process is not being followed. It will illustrate lapses in training, inspection, materials, maintenance, etc., and quickly point us to the root cause. In addition, properly documented procedures will alert us to other areas that might be prone to the same setbacks.
DISSEMINATE AND CELEBRATE
Success is important to the progress of any endeavor and, therefore, should not be ignored. Success should be celebrated, often. The tendency is to wait until a project is complete and all the savings have been tallied before we think of celebrating the accomplishments. This method, however, will usually be seen as too little, too late by many of the individuals involved, and in some cases, invariably tends to overlook some of the participants. Each and every person involved did his or her part, each individual will view their contribution as important, and each participant will consider their input as having come about through hard work and added effort, above and beyond their day to day responsibilities. By celebrating success as it happens, no matter how big or how small, everyone involved will not only feel appreciated and important, but motivated and driven to succeed further. Acknowledgment of a job well done promotes the spirit we all want to see in our employees and co-workers, it instills pride in their work, and it fosters a sense of worth that culminates in a workforce that looks for problems and willingly brings forth solutions. Participation on a team will no longer be viewed as an added burden to an already heavy workload, but an honor and a responsibility. This ethical mindset will bring more to the bottom line and the future success of your business than you can imagine.
SHARE THE WEALTH
Don’t stop at simply celebrating your success, share the wealth. The old school approach has always been that since the company footed the bill to complete the projects, purchase the equipment, rearrange the facility, etc. they should reap the rewards. You’ll discover that sharing the savings will go much farther and pay higher dividends than pocketing the profits. Sharing the wealth shouldn’t be seen as distributing the cash, but reinvesting in the company. Reinvesting in equipment, facilities, personnel, and let’s not forget, reinvesting in our customers.
As your success mounts, your business will grow, your profits will increase, and so too will the workload placed on your employees. You’ve already invested heavily in the training and development of your personnel; you don’t want to lose them now. In all actuality, you should be looking to your employees to take on more of management roll than a laborer attitude, to mentor and train your new hires, and to apply their experience in finding and minimizing defects in the system.
Nothing will stop a person dead in their tracks and send them packing than the thought that their hard work was taken for granted. So make sure the raises you give out are commensurate with the employees’ worth. Increase your perks and benefits; sick days, flex time, education, team building activities. Promote from within. Make it a given that when a person embraces the responsibilities imposed upon them, that the experience gained has value and that as the company grows so will its’ employees. Why would you take a chance hiring an unknown when a perfectly capable leader is already on the premises? It is important to keep this in mind when setting employee goals and determining what training you will provide. Make a commitment to grow your employees just as you have committed to growing your business.
Spend some of that money on improving your equipment. Get that newer, faster, more accurate equipment on the floor; it will increase throughput and productivity, keep you on the leading edge of technology, and open new doors to capabilities and customers you didn’t have before. Purchase software to reduce the documentation burden, improve the look and conditions of your facility, and hire a higher caliber of employee.
And don’t forget about your customers. Passing a significant amount of your savings on to the customer will pay back exponentially. By reducing your costs you demonstrate a commitment to improvement and cost control, you also lend credibility to your organization much more than you might think. When everyone else is raising prices and tacking on surcharges, if you can hold, or better yet, reduce prices, who are your customers going to deal with? You’ll not only retain the customers you already have, but you’ll attract new ones looking to increase their own bottom line. Additionally, when you inevitably underestimate that one quote, you’ll stand a better chance of having your customer accept an adjustment. If you can demonstrate time after time that you are reducing your pricing, when the time comes that you need to raise one, your customers will be much more willing to accept it and still feel confident that overall, they are still getting the best value out there.
So don’t shy away from lean manufacturing, embrace it, it is vital to your future. If you approach the concept with an open mind, look to the long term, and strive for a continuous routine of improvement you will be successful. Keep in mind there is no finish line to reach; true success is found in the continued pursuit of improvement.
About The Author
Mr. Cavalluzzi is the founder and owner of CONSOLUTE, LLC engineering support and consulting services providing site search, industrial, manufacturing and design engineering support. His extensive background in engineering dates back to 1978 and includes the robotics, automotive, aerospace, metals and plastics industries.
Visit them at: http://www.CONSOLUTEONLINE.com
The author invites you to visit:
http://www.consoluteonline.com
Doing business in California is not an easy task for it involves intricate processes and effective managerial skills. Without enough knowledge of the law, you will most likely lose your assets especially if your company was charged in court due to law violations.
In whatever business you have in California, the need for a competent and credible corporate lawyer is always imperative. This is because managing a company entails significant risks of facing legal charges arising from negligence of duties, product defects and employment disputes. It is your obligation then, to secure your assets against any threats resulting from your different corporate dealings.
Avoid Legal Problems
Since it is not that easy and inexpensive to put up a company, it is wise enough that you follow some tips in order to prevent legal obstacles that may ruin your smooth business operations. By doing these, you may have lesser chances of having the need of business litigators to defend you from possible charges.
• Learn the basics of the California Corporations Code so that you will be able to understand your company’s rights and responsibilities.
• Be sure to consult your business lawyer before signing a contract or agreement with your clients and business associates.
• Let your legal counsel review your employment policies before implementing it. This is to certify that your employment procedures and guidelines meet the boundaries of the prevailing laws.
• Be well adept with the latest law provisions regarding acquisition of business trademarks and patents.
• Know the law fundamentals associated with the type of company organizational structure that you have.
Protecting Your Business Assets
Another way of protecting your business assets is through the process of incorporation. Depending on certain conditions, you may utilize these two types of incorporation processes:
Single Incorporation – this legal procedure gives you a guarantee that your personal properties will not be affected in case your company has been charged and subsequently punished by the court. Although such court judgment may result to the loss of your business assets, your dwelling, bank accounts stocks and other personal assets will not suffer any negative impacts.
Double Incorporation – this process guarantees protection to your business assets including machineries and vehicles. If you create two different business entities, “at risk” and “holding corporation”, a customer or client who files his charges against the “at risk” business that interacts with him will be forced to enter into lesser settlements.
This is because the holding company, which leases the “at risk” company’s pertinent assets, may just recover these possessions when legal hindrances occur – leaving the “at risk” company with minimal assets to be used in paying the plaintiff.
To further understand the process of incorporation and the laws behind it, you will need the aid of a professional business litigator who has the expertise in handling legal aspects of doing business.
About The Author
To help you deal with issues on business litigation, consult with our experienced business litigators. Visit our website at http://www.mesrianilaw.com/Business-Litigation.html for more information and call us toll free for legal assistance.
The author invites you to visit:
http://www.mesrianilaw.com/
More from this Author at http://www.mytradesignals.com
Many people enter into trades with little more than a desire for profit. In Forex we normally use between 50 – 400 to 1 leverage. Because of the large amount of leverage we are able to use, simply hoping for a profit is not enough. Traders need a solid plan before the pull they trigger. When planning any battle, successful generals begin at the retreat and work their way backwards. Traders should do the same. The first and most important decision is when to admit defeat and retreat. Survival to fight another day is more important that going down with the ship. This article proposes that traders take a different approach to figuring out when and where to place their next trade. The approach is simple. Just like the generals, start by figuring out when to get out. This may sound strange, but if you apply this idea to whatever other methods you are using to determine your entry signals, your bottom line should improve. The overall idea is simple, rather than first looking for a good entry point, look for a point where you would want to be stopped out. At this point you are probably saying “who ever wants to get stopped out?”
The answer is, not the majority. But let’s look at several statistics for a moment to get some perspective. Depending on who you believe, anywhere between 75-95% of all retail Forex traders blow out their account within one year. So it seems that the 5-25% of traders who are winning are doing something different then the majority who are losing. One of those main differences is not being bothered by getting stopped out. Many new traders complain that they hate trading with stops because they have been stopped out of a trade that almost immediately turned around and would have been a huge winner had they not run the stop. They take that to mean that they should not trade with stops. Trading without some kind of risk management is like playing Russian roulette by yourself, it may not be the next pull of the trigger that kills you, but pull it enough times and sooner or later it’s a sure thing. Trading without risk management is much the same. You may get away with it for a while, but the lesson you are learning will sooner or later prove deadly.
There are many forms of risk management, from the extremely complex, like cross hedging with options, to the very simple, such as using stops. The use of stop loss orders is one of the simplest and often most effective way to manage the risks of any given trade. The reason many traders have had a bad experience with using stops is not the fault of the stop itself, but rather the placement of the stop. Most traders get into a trade and then decide where to run a stop, if at all. They often have a fixed dollar amount that they are willing to risk per trade and they then place the stop loss order accordingly. All of this on the surface sounds like a good plan, but in practice it often leads to the scenario mentioned before, where the trade gets stopped out and then the market turns on a dime and goes the way the trader had originally anticipated, leaving them to mistakenly blame the stop. The individual points that led to the stop being placed are not bad in and of themselves, but put together this way, they often lead to the frustration mentioned above.
So let us look at these issues from another angle. Rather than getting into a trade and then deciding where to get out, let’s determine the exit point and let that dictate where we get in. To do this you will need a chart. Choose the chart’s time-frame based on how long you intend to hold the trade. If you only hold your trades for a few hours then a 15 or 60 minute chart should be fine. If you are more of a swing trader, then daily or even weekly charts would be best. Currencies tend to trend more than most other markets. However, they do not trend all the time. In fact the opposite is true. Most markets only trend about 30% of the time. The remaining 70% of the time they are trading within a range or chopping. Therefore, learning how to trade the chop is paramount if you want to be a trader for years to come. What follows is a simple yet effective way to trade the chop.
Trading the Chop
First, start by looking at long term support and resistance zones. Markets tend to have certain zones that they “bounce” off of time and time again before penetrating them. These zones are what you want to look for. Start with weekly or even monthly charts, no matter what time-frame you trade in. This will tell you in an instant whether the market is trending or choppy. Once you determine the underlying market condition, look for significant areas of support and resistance. Finally, move to a daily chart and then to a 60 minute chart. After going through these different time-frames you should be able to find a number of these zones. The best are those that coincide through all the time-frames. That will only happen if the market is at or near relative new highs or lows. When it does happen, though, it is time to sit up and pay attention. However, you do not need to wait for perfect conditions to use this method. You only need a support or resistance zone in whatever time-frame you are comfortable trading. Once you have identified these areas on a chart, you need to look closely and determine where that level would be broken and place your stops accordingly. A move through this level would signify that the market is breaking out from the previously established range. Once you find what the highest high is in the case of a resistance level, or lowest low in the case of a support level, you need to go a certain distance beyond that so you are not stopped out by a move of only one or two pips beyond these levels.
There are many ways to determine how much extra distance to give each market. One way that I have used is to simply look for the next closest Fibonacci number. This method is not scientific, but one that has served me well over the years. The Fibonacci sequence is one that was discovered by a mathematician all the way back in 13th century. The sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… For the purposes of using them for stops I normally only use 8, 13, 21, 34, 55, and 89. So if the last two digits of the highest high in a resistance zone had been 25, then you would use either 34 or 55 depending on which particular market it is in. The more volatile, or greater the average true range (ATR), the wider you should go.
Once you identify the zone you can then come up with your exact stop point.
Look at the daily chart of the USD/JPY and you can see that we have had significant resistance between roughly 121.50 and 122.25. Each time the market has reached this zone it has failed to follow through. There have been three attempts to break out from this zone, each one being lower than the last, forming a descending trend line. This is what you want to look for. Once you identify the zone you can then come up with your exact stop point. Simply find the recent highest high, in this case 121.66, and then find the next closest Fibonacci number (89) and you have your stop (121.89).
Determining your entry point
Now that you know where you are going to run your stop you can use that to determine your entry point. This is the point where you want determine how much actual money you are willing to risk on the trade. Most money managers will tell you to never invest more than 1% of your account on one trade. That rule really only works for traders using 50k or more. Most traders start with less and therefore are forced to break that rule. Starting with a $5,000 account and only risking 1% would mean that you can only risk $50 per trade, which in some cases is less than the bid/ask spread once you enter the trade, so it is obviously not realistic. But try to keep the amount you risk on any one trade as low as you can. Trading is a long-term endeavor. Do not fall into the trap of thinking that your next trade is “the big one” and you are sure it will work, and therefore put half or even all of your account into it. That is not money management, it is gambling. But let’s say you are comfortable risking $400 on a trade, or 40 pips on a 100k contract. Looking at a Daily chart of the USD/JPY, you can see that the most recent high was 121.66. Using the Fibonacci stop idea you would run your stop at 121.89 because 89 is the next closest Fibonacci number above 66. Now you have your stop well above a significant point of resistance. To calculate your entry point, simply subtract the 40 pips you are willing to risk from your stop point to arrive at 121.59 (121.89 – 40 = 121.59). The next day the market traded up to 121.63 so a limit order at 121.59 should have been filled. Once the order is filled, you can trail your stop with the market or move it to coincide with other support and resistance zones within the range. Your target would be somewhere near the bottom of the range. In this example your target would be a move to 119.50 or below.
So let’s review this method. First determine if the current market is trending or chopping. Then look to identify areas of support and or resistance. Next find the highest high in a recent resistance level or the lowest low in a support level. Determine the next closest Fibonacci number and you have your stop point. Then take the amount you are willing to risk per trade and either subtract it from your stop if it is a short trade or add it to your stop if it is a long trade. You now have both your stop and entry points, and you are only risking whatever amount you determined you were comfortable with. Your stop is placed at a level that signifies a change in the recent trend, and therefore is mush less random than most other stops. This method is not to be used exclusively, but it is one that can compliment whatever other indicators or patterns you are using to determine you next trade. This method should help you avoid getting stopped out at insignificant points that have you selling near highs and buying near lows within the established trading range.
More from this Author at http://www.mytradesignals.com
About The Author
Derek Frey has been trading since 1989 and is currently Head Trader and principle at Odom & Frey Futures & Options LLC. He also emphasizes the importance of educating traders, providing one-on-one advisory services, online learning materials, and mentoring. Derek’s range of strategies makes it possible to accommodate various types of traders. He is frequently a speaker at investment trade shows & seminars and is often quoted by Reuters, the Wall Street Journal Online, Bloomberg, and other financial news services. He is also a regular contributor to http://www.mytradesignals.com.
Selling stock short is still kind of a mysterious strategy to most people, who normally have simply purchased stocks or mutual funds in the past. Yes, this is a paradigm shift for most people, who don't understand how one could sell an investment that they do not actually own.
Here is a brief explanation of how short selling works: you just sell a stock with the intent to buy it a some later point. You obviously hope to purchase it at a lower price, if the investment continues to go down over time. There are often restrictions on doing this in normal accounts, but you are often able to do it in a margin account. If the stock does go down, buying it at a lower price will leave you with a profit, much like if you purchased a stock and it increased in value.
Now that we have defined short selling, lets go over how it is best incorporated into a market strategy. Firstly, you have to understand that not all investments represent relevant buying opportunities. If you don’t feel that the stock has very much growth potential, it frankly doesn’t make sense to buy it. However, if you believe that a stock is substantially vulnerable – be it because of a sector deterioration, like the financials at the moment, or a specific company weakness that you have noticed – there could be a good chance that it will lose value over time. In this situation, if you were to short the stock, you would just be wagering on the fact that the stock will likely decline in value.
This can be an extremely profitable strategy - especially in down markets like this; that said, it is not without its important considerations. First of all, short selling can be extremely dangerous for those that don’t have a considerable amount of short selling experience. If you buy a stock, you could potentially lose the entire investment if the stock goes to zero; however, when selling short, you could potentially lose an infinite amount of money, since the stock could rise against you by an infinite amount.
Fortunately, there are simple ways to assuage this concern. You simply have to put a stop loss at some point above where you sold short, where if the market rises to that price you will buy and close out the short position. Yes, in this case you would loss some money, but it will be a limited amount rather than an infinite amount. The price where you place your stop loss should be determined by the level that you would not feel that the investment to still be a good shorting opportunity. For example, if you sold Microsoft at $5, you may feel that if it went to $10 then it no longer would represent the appropriate level of vulnerability. You would thus place your stop loss at that amount, strictly limiting your total risk.
Another question is one of ethics. Some people have a moral issue with selling short, feeling that you are capitalizing from betting against the economy; or for the more nationalistic, betting against the USA. In many ways, this is true – you are betting that the stock is going to go down in value, but how is that immoral? It isn’t you that is forcing the stock down – it is the poor fundamentals of the firm or specific sector that will cause its price to decline in the long run. In fact, one could make the argument that selling short helps to move problematic investments closer to the fair market value. For example, if a firm is flawed – but is still being priced high – it is the function of short sellers to sell that stock, allowing it to move towards its fair value faster, where buyers will then be there to support it. Those who wrongly impose their ethics on natural market dynamics entirely miss the point.
Lastly, you should realize that the equity market isn’t the only opportunity to produce returns from the decline of prices. You can also sell futures short or sell various forex pairs against one another, both of which are generally much simpler to do than short selling stocks. You could also look into professional investment firms who sell short as a component of their financial strategies. Unlike regular mutual funds, a lot of alternative investment managers have elements of short selling in their investment methodologies: some are pure short sellers, and some do both short selling and buying, depending on the market conditions.
You should, however, at least learn more about the concept of selling short more closely, as it can be extremely profitable if you have a sound strategy. Traders like Jim Rogers have made lots of money from merely purchasing investments that are strong and short selling the things that are bad. In a recent press release Rogers disclosed that lately he has simply been buying the commodities (which he believes to be fundamentally sound) and short selling the financial stocks (which he believes to be fundamentally vulnerable). If you think about it, this makes much more sense than just purchasing things and thinking that they will go up.
About The Author
Christopher Muir is President and CEO of Invariant Capital Management, a New York-based forex" class="hft-urls">http://www.invariant-capital.com">forex managed accounts company. Invariant specializes exclusively in robust, systematic trading strategies, focusing primarily on the G10 currencies.
Managed forex accounts are a boon for those who don't have the time to devote to the foreign exchange dealing. It's also for those who don't have the expertise to deal in the foreign exchange markets. Professionals are there for managing forex accounts. Management of these forex accounts is a very serious and a competitive business. Many investors like to allocate a portion their funds to forex accounts managed professionally. It helps them to diversify their risks and also mitigate any losses that may arise from other portfolios such as stock and bond market. Since forex transactions is a ball game separate from that of the stock markets, their profits and losses are also separate.
Therefore these currency-trading accounts can enhance one's portfolios in a great way. The forex exchange accounts that are managed professionally must be able to provide the following, irrespective of which forex trading manager or account that you choose
A currency trading account not tied to the stock market operations
The forex managed account should be able to provide a better return than the treasury bonds and other such money market instruments
Professional expertise is a must. The firm should have good standing in the market and have professionals who have experience in dealing in foreign exchange accounts. Most foreign banks and transnational firms employ the best and have constantly out performed others. It's not necessary that your forex account manager should be a Harvard Grad but in most cases it, they are better trained.
The firms that professionally handle forex accounts and forex trading must be able to leverage to give maximum profits.
The forex trading manager must be able to book profits in both the falling and rising currency markets.
Should provide for monthly / weekly reporting of the forex transactions as well as real time reporting if need be.
The forex accounts should be such that they are liquid in nature. They should give ease of withdrawal (of money) to the investors at particular time intervals and in cases of emergency too.
Depending on the firms that one chooses, there are various kinds of currency trading accounts that one can invest under. They may be called by several names such as Global forex accounts, aggressive forex accounts, and high value forex accounts etc.
For example the Global forex accounts might deal in many foreign currencies, many of which may not be the liquid currencies such as the Soviet Rouble or The Indian Rupee. Other accounts such as the aggressive forex accounts may deal in the most liquid of the accounts such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
The forex trading accounts also differ on another account, that of the initial investment that is required. Some forex trading accounts may need an initial investment of US$ 10,000, others US$ 50,000, still others might require an initial investment of US $100,000.
Being professionally managed, the forex trading account managers make use of various statistical analysis tools to give the optimum and maximum results and profit. Therefore considering the factors as given, choose the currency-trading fund best suited for your needs.
About The Author
Gary Berg
High-return Forex investing with professional management. For more info visit: http://www.forex-made-easy.biz/managed-forex-accounts.html
Just how do you figure into the whole equation of Forex online trading? It has been picking up of late and wherever you turn, there is always an ad or a bulletin reminding you of how good this venture is and how much money you can make. First of all, you need to sift through the hype and on the internet, there is plenty of it to go through. Financial companies spring up at a rate of one a day and this means that by the end of the year, there will be over 300 new ones as compared to the few thousand that is already available on the internet. Depending on the region that you are in, you may have access to a few hundred or maybe even more.
People in the United States and Europe especially have almost unlimited choice when it comes to choosing an online brokerage to get them started on their journey towards the currency market. What you need to understand that many of these ‘new’ companies are either umbrella satellite corporations set up by big financial firms (which is a good thing) or they are set up by financial experts or independent brokers. On the other side of the coin, a large chunk of these sites are also set up by retail investors who are trying to carve out another niche for themselves and this is where it gets a little tricky. You cannot just be jumping on the first bandwagon lacquered in gold.
There is a lot of sensationalism in sales copy that you have to avoid. There is no such thing as turning you into a Forex millionaire within the space of a day – only if you have $999,999 and make a dollar in a single investing day. There is just no way anyone can promise you that and this is because of the vastness of the Forex market and just how much information there is. Seasoned investors who have been at it a long time – have been at it a long time and there is no quick fix to a route to a million dollars. If that was the case, why are these brokers even offering you their services. Why give up that secret when they could be handily making a few million a year and retire before they turn thirty. You must be discerning and you must be selective.
Go with the big names and the trusted sources; sure you have to pay a little more, but you know you are getting quality and you know your money is in trusted hands. For a beginner, I would never suggest you try something like swap trading, day trading or even advanced tactics like hedging first. Go slow and get a feel for the market; in fact, sign yourself up for a simulated dummy account and try your hand at the market without any of the risk involved. Forex online trading can be a maze misinformation and dead-ends – it is up to you to avoid them.
About The Author
John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review
http://www.trade-currency.org!
Click here to get your "Master Plan of The Forex Millionaires" FREE !
http://www.trade-currency.org/forex-millionaire-master-plan.html
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.
About The Author
John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review
http://www.trade-currency.org!
Click here to get your "Master Plan of The Forex Millionaires" FREE !
http://www.trade-currency.org/forex-millionaire-master-plan.html
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.
About The Author
By Jonathan Harr, an avid investor. Providing resources, strategies, and tips for forex traders. See what others are saying about Bill Poulos from Profits Run at
http://onlinestocktradingreviews.com/review/index2.php?item_id=61
Check out forex strategies, tips, and videos at http://www.ForexVideoTips.com
5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading by: Eddie Yakubovich
With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.
1. Have Faith In Yourself
To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.
2. Accept Your Learning Curve
Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.
3. Decide What Type of Trader You Are
There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.
4. Get Educated
Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.
5. Continue to Get Educated
In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals.
What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.
An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.
About The Author
Eddie Yakubovich has trained hundreds of successful traders using the same methods found in his elite forex trading course. This forex seminar provides you with as in depth a forex trading education we have ever seen. We highly recommend it.
elite-forex-trading.com
eddiey@elite-forex-trading.com
My purpose for writing this article is to demonstrate to you the advantages of trading on the FOREX market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote “If It Doesn’t Go Up, Don’t Buy It”. He said “Everyone who invests is a trader, only the time period is different.” It is a lesson that I took seriously after taking a beating in the stock market in 2000.
So now, let’s compare features of currency trading to those of stock and commodity trading.
Liquidity - The FOREX market is the most liquid financial market in the world around 1.9 trillion dollars traded everyday. The commodities market trades around 440 billion dollars a day, and the US stock market trades around 200 billion dollars a day. This ensures better trade execution and prevents market manipulation. It also ensures easily executable trading.
Trading Times – The FOREX market is open 24 hours a day (except weekends) which means that in the US it opens at 3:00 pm Sunday (EST) and closes Friday at 5:00 (EST), allowing active traders to choose the times they want to trade. Commodities trading hours are all over the board depending on which commodity you are trading. Including extended trading times US stocks can be traded from 8:30 am to 6:30 pm (ET) on weekdays.
Leverage – Depending on your FOREX account size, your leverage may be 100:1, although there are FOREX brokers that offer leverage of up to 400:1 (not that I would ever recommend that kind of leverage). Leverage in the stock market can be as high as 4:1, and in the commodities market, leverage varies with the commodity traded but it can be quite high. Because the commodity markets are not as liquid as the FOREX market, its leverage is inherently riskier. Although I was never shut out of a commodity trade by the day limit, the fear was always in the back of my mind.
Trading costs – Transaction costs in the FOREX market is the difference between the buy and sell price of each currency pair. There are no brokerage fees. For both the stock and the commodity markets, there are transaction costs and brokerage fees. Even when you use discount brokers, those fees add up.
Minimum investment – You can open a FOREX trading account for as little as $300.00. It took $5,000 for me to open my futures trading account.
Focus – 85% of all trading transactions are made on 7 major currencies. In the US stock market alone there are 40,000 stocks. There are just over 200 commodity markets, although quite a few are so illiquid that they are not traded except by hedgers. As you can see, the fewer number of instruments allows us to study each one more closely.
Trade execution – In the FOREX market, trade execution is almost instantaneous. In both the equity and commodity markets, you count on a broker to execute your trades and their results are sometimes inconsistent.
While all of these features make trading the FOREX market very attractive, it still requires a lot of education, discipline, commitment and patience. All trading can be risky.
About The Author
Dr Susan Walker has been an environmental consultant for more than 20 years and has dabbled in trading for longer than she cares to remember.
Please visit me at http://www.creative4xtrader.com and I will give you, absolutely free, a copy of the great little e-book, “FOREX FREEDOM”.
In the world of Forex trading, there are a special few (thousand) that have been playing with the day trade option for a long time. Their basic strategy is to minimise risk of the long view, liquidate resources and options before the market closes on the day and accumulate small increments in pips (percentage in points) over time to garner profits. While they might not make as much money as those who deal in larger amounts and take greater risks in the long view Forex trade, these men and women still do make a fair bit of money.
They are usually full time investors who work an average of 4 – 10 hours a day, and the day usually starts when the market opens at the place of their choice and ends somewhere towards the end of the day. By that time, they would be in a position to liquidate their margins and see how much they made or they lost. Day trading or Forex day trading is something of a niche trading option and if you are a beginner in the market, I would heartily suggest that you do not try your hand at it until you have been investing in the paper trade for at least a couple of years. No doubt; it is a viable way for you to make money but it is 10x harder and 10x more complicated.
Firstly, you cannot beat those who have been doing this for a long time because they know exactly what to do to capture even the smallest price movements and quickly change their position according to a market psychology they know inside out. You, on the other hand, do not have any experience with this and will most likely be left breathless and the speed of the market, where price movements and exchange rates can move at the speed of a few hours to even a few minutes! Furthermore, you need to be able to sit down in front of your computer, with charts in hand, strategies in place and all the technical and fundamental analysis you have done for the week.
That is a minimum of 4 hours a day, and most investors recommend that you put in at least 6 hours to make your day at the market viable (unless there is a massive movement which causes you to garner plenty of pips early in the morning). If you are considering the Forex market as a part time option, then I would suggest that this would not be the most viable option. You cannot waver; this is not a touch and go option, neither can you leave it to your broker, whose already diluted approach will make your profit potential decrease dramatically and anything you make will have to be dissected and distributed to them anyway. So what do you do? Don’t consider Forex day trading. You need mastery over market psychology and behaviour as well as know what to look out for in the market. Give it a few months or even 2 years of knowing the market as intimately as possible.
About The Author
John H. Anderson is a specialist in Forex Trading with more than a decade of experience. He owns Trade-currency.org where he provides his Forex Trading Review
http://www.trade-currency.org!
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The foreign exchange market, or forex, being the largest financial market in the World has been the domain of government central banks as well as for commercial and investment banks in a scandalous manner and it exists wherever one currency is traded for another. But recently more numbers of individuals are handling the forex market as it offers trading 24-hours a day, five days a week, and the daily dollar volume of currencies traded in the currency market that exceeds $1.9 trillion daily, making it the largest liquid market in the world.
"Foreign Exchange" is the place where the money of one nation is traded with the other nation. The most popular pair of exchange in the forex market is "Euro Dollar". You can view these pairs in all forex display screens as "EUR/USD". Forex trading strategies are the key to triumphant forex trading or online currency trading. The management team of One World Capital Group bid proficiency in both Forex trading and internet technologies and proven track records that deals with large, global trading and brokerage operations as well. Forex made easy is as simple as you would want it to be.
Forex trading is different from trading in stocks entirely and it uses Forex trading strategies that will give you lot of advantages as well as help you to comprehend greater profits in the short term. There are wide ranges of forex trading strategies that are available to investors. It is one of the most useful of these forex trading strategies called as leverage. Knowledge of these Forex trading strategies can imply the difference between profits along with a loss and so it is essential that you fully grasp the strategies that are being used in Forex trading. The world of Forex trading is highly complicated and success requires education and familiarity with terms, charts, signals and indicators.
As you can be able to access it from home or office from any parts of the country, Global Forex trading is the most profitable and attractive internet income opportunity. And you do not need to do anything or there is no need of internet promotion for getting succeeded. Forex Capital Markets are nothing but foreign exchange markets where the currencies are been bought and sold continuously for profits. These capital markets of forex are present globally and their transactions are always non-stop in this forex cash market. A managed Forex account is forex made easy. Many different companies offer these accounts to their clients. The foreign exchange market is a worldwide market and as per to some estimates is almost as big as thirty times the turnover of the US Equity markets.
About The Author
Usha Rani is a Copywriter of http://www.1worldforex.com/
She written many articles in various topics.For more information visit: http://www.1worldforex.com/
Contact her at usharani.articles@gmail.com
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.
About The Author
By Jonathan Harr, an avid investor. Providing resources, strategies, and tips for forex traders. See what others are saying about Bill Poulos from Profits Run at http://onlinestocktradingreviews.com/review/index2.php?item_id=61
Check out forex strategies, tips, and videos at http://www.ForexVideoTips.com
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.
About The Author
Steve has spent years and a lot of money investigating Forex systems and brokers.
He is happy to share his experience so that others can avoid the pitfalls of Forex trading and online business. If you want more information go to http://www.theirkidding.com and save yourself some heartache.
There are many different advantages to trading forex instead of futures or stocks, such as:
1. Lower Margin
Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the stocks, the margin requirements for forex is about 1%. For example, margin required to trade foreign exchange is $1000 for every $100,000. What this means is that trading forex, a currency trader's money can play with 5-times as much value of product as a futures trader's, or 50 times more than a stock trader's. When you are trading on margin, this can be a very profitable way to create an investment strategy, but it's important that you take the time to understand the risks that are involved as well. You should make sure that you fully understand how your margin account is going to work. You will want to be sure that you read the margin agreement between you and your clearing firm. You will also want to talk to your account representative if you have any questions.
The positions that you have in your account could be partially or completely liquidated on the chance that the available margin in your account falls below a predetermined amount. You may not actually get a margin call before your positions are liquidated. Because of this, you should monitor your margin balance on a regular basis and utilize stop-loss orders on every open position to limit downside risk.
2. No Commission and No Exchange Fees
When you trade in futures, you have to pay exchange and brokerage fees. Trading forex has the advantage of being commission free. This is far better for you. Currency trading is a worldwide inter-bank market that lets buyers to be matched with sellers in an instant.
Even though you do not have to pay a commission charge to a broker to match the buyer up with the seller, the spread is usually larger than it is when you are trading futures. For example, if you were trading a Japanese Yen/US Dollar pair, forex trade would have about a 3 point spread (worth $30). Trading a JY futures trade would most likely have a spread of 1 point (worth $10) but you would also be charged the broker's commission on top of that. This price could be as low as $10 in-and-out for self-directed online trading, or as high as $50 for full-service trading. It is however, all inclusive pricing though. You are going to have to compare both online forex and your specific futures commission charge to see which commission is the greater one.
3. Limited Risk and Guaranteed Stops
When you are trading futures, your risk can be unlimited. For example, if you thought that the prices for Live Cattle were going to continue their upward trend in December 2003, just before the discovery of Mad Cow Disease found in US cattle. The price for it after that fell dramatically, which moved the limit down several days in a row. You would not have been able to leave your position and this could have wiped out the entire equity in your account as a result. As the price just kept on falling, you would have been obligated to find even more money to make up the deficit in your account.
4. Rollover of Positions
When futures contracts expire, you have to plan ahead if you are going to rollover your trades. Forex positions expire every two days and you need to rollover each trade just so that you can stay in your position.
5. 24-Hour Marketplace
With futures, you are generally limited to trading only during the few hours that each market is open in any one day. If a major news story breaks out when the markets are closed, you will not have a way of getting out of it until the market reopens, which could be many hours away. Forex, on the other hand, is a 24/5 market. The day begins in New York, and follows the sun around the globe through Europe, Asia, Australia and back to the US again. You can trade any time you like Monday-Friday.
6. Free market place
Foreign exchange is perhaps the largest market in the world with an average daily volume of US$1.4 trillion. That is 46 times as large as all the futures markets put together! With the huge number of people trading forex around the globe, it is very hard for even governments to control the price of their own currency.
About The Author
David Morrison gives you a handy, easy to understand intro to the wonderful, profitable world of forex trading. This article is free to publish - more information can be found at http://www.ForexTrader123.com.
With Automated Forex Trading System Software, Part Time Forex Traders And Newbies Can Save Lot Of Time And Money by: Venu Modalavalasa
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.
About The Author
To get more information on automated forex trading system software, Visit: http://www.automatedforextradingsystemsoftware.com
Venu Modalavalasa is a forex expert adviser since 1998.
