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About Forex Investing

There are 3 types of Forex investing, which are long term, mid term and also short term. Long term forex trading is also called as position trading while swing trading refers to mid term investing and lastly day trading for short term investing (the most risky).

Short term Forex investing is not appropriate or advisable for practiced investors. The key to long term investing is by learning how to keep pace with the long term trend. You might lose a large amount of money if you chose the wrong trend. Forex investing gives the best result for those who have done their homework.

Nevertheless, this market can too be ideal for short term investing. Some traders invest using short term investment, and yet they managed to climb up to the top. And that is the reason why when short term investors have a considerable experience, they are able to proceed to long term investments. Anyway, as long as it is an investment, it does not really matter on what type of trading style you are using.

Forex investing is done by various methods. One of them is to make your own trading decisions. Besides that, do consider trading as a group too. This is because the group members will help one another on how to trade at times, rather than depending on oneself and messing the whole thing up. Other than that, you can try having both ways, get a group that is able to help you to invest and then you will place your own trade individually. Soon, you will learn to be independent as experience gives you more confidence.

The forex market is known as a serious market globally. It is not something that you could make fun of as it involves a lot of money. Take it seriously if you are investing in it.

7 Reasons Why 99% Of Online Businesses Fail

This document is of incalculable value. It will help you to UNDERSTAND why 99% of the people who undertake a business on the Internet FAIL. This document has been issued by a team of experts whom together have more than 10 years of experience in the industry. I recommend you to read it and study it and you’ll avoid committing the mistakes we made:

7 reasons why 99% of Online Businesses FAIL

1. Unreal expectations. (Thinking you will become millionaires within one month).

This is the main reason why the rate of failures is so high. It is true that the websites that promise an astronomical amount of money in a short period of time are to blame. Many times we are tempted by eye-catching statements like: “Make $2,000 per day starting today (with no experience)” and that obviously NEVER, EVER happens.

We have to learn to separate things. There’s nothing wrong in the following sentence; “You could earn a lot of money on the Internet”, but all in due course. It is almost impossible to become a millionaire in one year, and even less in one month.

You have to bear in mind that a business on the Internet is very similar to a traditional business. You have to be humble and modest to start off. If someone tells you that you will earn large amounts of money in 4 days, run terrified. That may be a scam.

2. Patience & Commitment

I could have named these two requirements separately, but I believe you, the reader, will appreciate if I do it in this way in order not to sound too redundant.

You have to reach a certain level of commitment with your business. Be aware that you will have to dedicate time, at least 6 months, if you want to make a profit. Patience is also a decisive factor… according to my experience, it is almost as important as the know-how.

Why do things, if we don’t take our time to do them properly?

3. The product/Company

You can buy and sell everything on the Internet. All you need to do is to look at the portal http://www.ebay.com and see it for yourself. Businesses, and/or the business opportunities are also for sale. According to a recent study, every 11 seconds a business is launched on the Internet. Almost 8.000 businesses are created every day on the Internet (only in USA)!

You have to know how to choose in order to avoid becoming a victim of fraud. Please always consider the following before purchasing a business opportunity:

o The Company should have a street address and visible telephone number.

o It should have a product which is easy to understand and assimilate. Many of these business opportunities promise you a large amount of money only if you invest a certain amount, but it remains unclear what you are actually buying for such amount. Make sure you know where your investment goes.

o What are the advantages of the main product? In which ways is different than the competitor’s? Is it a unique product, or is it only a collection of e-books that you can easily acquire in other places (and for free)?

o If we talk about a business opportunity like MLM or Marketing Network, are there any testimonials? How much money are they making? And how much money is your sponsor earning?

Make sure you join a winning team. It is of vital importance that your team supports and educates you on this new adventure.

4. Lack of investment

Most likely, many could now feel uncertain (the word “investment” has these effects) thinking that you have to invest millions. No worries, no large investments need to be made, but you do need to realise that your business on the Internet, just like a traditional business, will need a small investment to get on its feet.

You have many possibilities at your disposal. As in a Clint Eastwood film, the internet is also filled with the good, the bad and the ugly. Trust me, if you launch your online business, you will get to know all three… Either way, you have to invest in your business. Move away from everything you see with the word “Free”. There is no free method for promotion on Internet, well, actually there is, the “mouth to mouth method” and “Marketing Viral” but this only works once your business is established and has a high number of clients.

5. Traffic.

The Internet traffic is known as the inflow of users to our site. There is an erroneous concept, very common amongst all the Internet beginners, who believe that as soon as they publish a webpage, we’ll receive a flood of users wanting to visit our site. Unfortunately, it doesn’t work like that. It is estimated that there are one thousand million pages on Internet. Yours is only one of them. It’s a big, big world out there.

How is the traffic generated? There are plenty of ways, paying or not paying … I want to repeat what I said earlier, free advertising DOES NOT WORK.

6. Guarantees.

Do you want your investment to be guaranteed? If you find a business opportunity that guarantees a minimum income, there’s a red flag there. You may be set up for a scam or fraud. In business, there are ALWAYS risks. No business is “sort out assured”. It is obvious that there are some riskier than others, but all (I underline this once again) in ALL businesses there’s always an element of risk. Have that in mind.

7. Reinvestment and recycling

If you keep in mind all what has been said up till now, the possibility of making your business profitable is high. This is the dream of everyone who starts a business on Internet; when we receive that first email or notification (you have made your first sale), the heart starts beating really fast, your hands sweat, you can feel the blood running through your veins… If you generate profits, you should reinvest part of this money in order to generate even more profits. YOU SHOULD NEVER AIM FOR LESS… if something works, keep on doing it.

Keep your eyes open for other opportunities. Is strongly recommended that you don’t rely on just one stream of income, look for more business opportunities and diversify your income sources.

That’s it. Now print this document and use it whenever you wish. If you allow me, I will give you a few advices to finish off.

If you are looking for “fast” money (by fast money we assume that you need a large amount of money in a month), we recommend that you buy the lottery, go to the casino, play bingo… but DO not open an Internet business. We don’t want to discourage you, but those who believe that an Internet business can generate lots of money in a short period of time.

On the other hand, despite what I’ve mentioned in the previous paragraph, if you are a person who is looking for a serious business and an extra income source and is willing to do what’s necessary to succeed, Internet is an infinitive source of opportunities.

The people responsible for this document found their main source of income on the Internet and recommend you, the upright and serious user, if you wish to start a business on Internet, act now.

Get Smart Before You Start A New Business (Part-02) The Research Stage

I have already written a number of real estate and business articles covering a wide range of topics and you can access these articles by clicking article reference link at the bottom of this page. The link will take you to a menu of my articles here at EzineArticles.com, which you can scroll through for additional information related to your particular project. This article will cover the preliminary checklist you need to consider before spending or investing any money on a business. This article assumes you are starting a business from scratch and not buying an existing business or franchise.

If you are thinking of starting a business from scratch, here is a suggested order of approach:

1. Invest in at least five (5) (or more) 8.5 x 11 spiral notebooks and some pens and pencils and title them “The Business” “Management”, “Marketing”, “Finance & Legal” and “General Ideas”. You want to keep your thoughts organized by topic and write them down (all of them) as they flow into your thinking–this way you won’t lose them and this will build the data for your business plan. This is a very important step.

2. Gather as much information as possible from the Internet or the local library about the general industry sector you intend to operate. (E.g. manufacturing, distribution, retail or service). Are there sources of raw supplies for your business? Make notes on everything good and bad.

3. Search the net for businesses like the one you are thinking about to determine if there are similar businesses and what the level of competition is. Also check the Thomas Register at http://www.thomasnet.com/ for businesses, products and services. From information gleamed from research, request information packages from the competition in order to perform a competitive study (see my article on professional competition analysis). Make notes on everything good and bad.

4. As you research, take note of the things you see that you think are innovative and you could use in your business. Make a determination of the things you will need to compete on a level playing ground. Will you need a website? Will you need a storefront? An office? Will you be based at home? Is there a place that is quiet that you take and receive phone calls without being disturbed? Make notes on everything good and bad.

5. Start to make a list of all the tools, equipment and supplies you will need for your business. Price these products and estimate how much they will cost. Do you have enough money to support these acquisitions? Can you borrow the money (not a good idea) what other ways can you get the supplies that you need (try Ebay). The key: itemize everything, get price estimates and think about this over the short term. Make notes on everything.

6. Carefully consider the systems you will need to run your business including office equipment (phones, computer, printer, fax machine, scanner, software, production equipment, tools, etc. Further consider letterhead, business cards, stationary, and how you will handle inbound/outbound communications. Make notes on everything.

7. From your notes, begin to outline your business plan. This is a rough draft and cover areas like the business, management, the market, sales pro forma projections, etc. You can go to the SBA online and download business plan outlines or you can get business planing ebooks at our website. In either case, get references for creating a business plan. Start to develop a business plan whether you are ready or not. A business plan will take on a life of its own as soon as you begin to develop one. You may run into snags and roadblocks but as you gather more information the plan will start to come together… eventually, you will see the business more clearly over time.

8. Read books about business from authors whom are in business. Typically, those who teach can’t. In other words, if college professors were so knowledgeable about business, they would be out making a million bucks and not teaching, right? A book that I highly recommend to anybody contemplating setting up a business is Think and Grow Rich, By Napoleon Hill. (See my article Think & Grow Rich, What Every Entrepreneur Should Know) The book is a great read and will blow you away with excitement. It costs like $5 for a paper back version and it’s well worth it, trust me on this one….

The key here is to get educated about the business you are thinking about. The chance that you have originated at absolutely unique idea is highly unlikely. That’s why you want to research EVERYTHING before doing ANYTHING. You want to think as clearly as possible about what you are doing (see my article The Power of the 5WH Formula) it shows you how to ask the questions you need to ask to get the answers you need for effective decision making.

Does this article sound like a lot of work? Aha! You haven’t seen anything yet! Many people dream about owning their own business but have no idea of the sacrifice that is paid to just begin intelligently. And really, your business will be built on the foundation of your mind and knowledge base. If you lack business intelligence now, and you refuse to gather intelligence, your business will be retarded and it will fail. Give your business a fighting chance and get Smart before you start!

To your success!

Copyright © 2006 James W. Hart, IV