Monday, January 26, 2009

Forex Trading Online


Before you start to invest in the Forex Markets you need to know why you would invest in forex. So what are the advantages to Forex Trading. In the early days of Forex Trading it was difficult to because only large institutions and banks were allowed to trade in the forex market. It was not designed for the smaller trader to be able to trade Forex. Since the inception of computers and online brokers, smaller traders were granted the opportunity to trade in Forex and ever since then people have been moving to forex in droves. Why, it is simple, liquidity, the longer open hours, guaranteed stops.

Since the early days we have seen the number of Best Forex Broker online grow at a great rate and today there are hundreds of providers world wide. Now all of these brokers offer different benefits and to find he best forex broker can be a difficult process.

The CFD FX REPORT recently reviewed these brokers and have come up with who they believe to be the best forex brokers in the market. So feel free to visit them for more information.If you are a beginner then you then these experts would provide you necessary guidelines about the investment. It would assist you about the ways that are used for forex trading. There are some sites that provide the facility for trading starter kit.

But this facility would be provided only if you open the account with this site. It would provide you an opportunity to learn the different types of trading courses that would help you to earn huge profits in short duration of time. Some sites would provide simulators that help to simulate the procedure of trading in forex. They would treat you as new born babies and they would try to teach you the basic steps of forex trading.

The Forex Markets are now open 24 hours per day and 6 days per week. So the professional forex brokers can take care of your account. They will keep and eye on the market on your behalf.

You would not have any difficulty in operating the Forex Market . You would not face any problem in accessing the data and to analysis the online forex sites. They would keep on updating the data and the price of the stocks.

If you want to contact your brokers then the sites have forum or the online chat that can be used for contacting the authorized person. It is considered to be the fastest and the easiest method to contact the forex broker that can provide their guidelines whenever you are in need of it. These sites would help you to analyze the current data. You can examine this data from your house. You don’t need to visit your broker to collect the information about the data. Should you wish to research this yourself there is ample information available today on the net so feel free to explore yourself.

About the Author:
The CFD FX REPORT is the leading forex and CFD traders report, with forex trading ideas, forex and stock market education. We also help clients find the best forex brokers in the market.

Sunday, January 4, 2009

Day Trading the Forex Market Profitably


Being a forex day trader can be very lucrative. The currency market is by far the most liquid and volatile market in the world and with this come various opportunities. No matter what type of market you chose to day trade you must know the “personality” of the market you are trading.

Every market has it’s own characteristics and it is important to know what they are before attempting to profit from it. The forex market is no different. In this article we will go over very important general day trading principles/rules and then we will see what a day trader has to recognize when specifically day trading the forex market.

As the term implies, day traders are concerned with what happens in the market today. Not tomorrow, not next week and not next month, but today. The day trader’s job is to capture intraday price swings. Depending on the system or trading method employed, this can mean capturing one intraday swing or various intraday swings. The general job of a day trader is (then we will go over the more specific job of the forex day trader):

To control risk

One of the most important jobs as a day trader is to control your risk exposure. Sure, controlling risk is a concept you must use in any type of trading, however in day trading you must look at this issue from a different angle. Since your job is to capture various price swings during the day naturally your profit objectives will be much smaller than that of a swing trader (who places a single trade aiming for a much larger profit objective). So, when placing several trades during the day it can be easy to “drift” away from your pre-determined stop loses. A common (very common actually!) day traders thought is “if I extend my stop loss just a bit I hope the market will turn around”! Hope is one of the trader’s biggest enemies. These little extensions of stop losses add up and suddenly without noticing you are losing more dollars per trade than planed making your risk/reward ratio turn against you.

To be disciplined

This principle is key for any type of trading but particularly for day trading. If I had to name one single aspect of a day trader that can make him or her a winner or a loser it is discipline. You can have a so-so system but still make money if you are disciplined. However, you can have the best trading system in the world but if you are not disciplined I guarantee you will not be a successful trader. So, what is all this discipline everyone talks about when discussing trading? Very simple, it’s respecting and strictly following your trading plan, your trading system, your money management rules, and your commitment to the business. Being disciplined with regard to each and everyone of these components is essential for your success.

It is so easy to deviate from your trading plan, the rules of your trading system or any of the above mentioned components, especially when day trading. Why? Two reasons. First, because the trader is trading very frequent and does not have time to cool down, think, and evaluate. Second, because reality is replaced by hope. Your trading system rules (reality) says: “get our of the trade” hope says “hang in there, maybe it will still be profitable”. Your money management rules (reality) say “risk only 2% of your account on this trade” hope says “since I lost on the last trade I will risk 4% on this next one so I can make up for the loser and also be profitable”. Your trading plan (reality) says “trade each day 4 hours, give yourself Wednesday or Thursday a vacation to rest” hope says “Since I am not doing very well now I don’t need this rest day, and I will also trade 7 hours per day to make up”. I know (not hope!) you now understand the point!

To focus on the appropriate time frame

As a day trader your primary concern is to catch intraday swings. Your trades start and finish the same day. Your world is the day you are trading in. You don’t care what will happen in the market tomorrow or the day after tomorrow. Your objective when trading is focusing on the appropriate time frame chart. My opinion is that day trading should be done on a 1, 5 or 10 minute bar chart. Remember, you are looking to capture several fast moves during the day and hence you must focus on the charts that best illustrate events as they happen in a short period of time. However, the fact that you are day trading on a 1,5 or 10 minute bar chart does not mean you can’t use a larger time frame chart for the purpose of analysis. This however, is very subjective and depends very much on the traders strategies and methods of trading. As an example, many day traders would look at one hour bar charts in order to have a view of how the market has been behaving in the last week. Is it moving sideways (and so maybe I should only place trades between support and resistance areas)? Is it trending (and so maybe I should only be looking at placing trades in the direction of the higher time frame trend)? Are there any major support and/or resistance levels I should be aware of (areas where I should refrain from placing trades since it is uncertain how the market will react when reaching them)? Did the market brake out of a congestion area?

Again, it is very subjective. Some day traders believe that with proper larger time frame analysis they can select better day trades. My personal opinion is that the more you analyze the more conflicts you will have and the more uncertainties will appear (especially if you are new to trading). I like making things simple and I found it very useful when trading (proof of this is that all of the trading systems I use are 100% mechanical). Don’t get me wrong, this is not to say that larger time frames should not be used at all for analysis purposes. But, try to keep it simple and if you see that looking at larger time frame charts interferes with your correct decision process when placing day trades then simply stop.

To trade volatile and liquid markets

Since your job as a day trader is to capture intraday swings it is crucial that the market you are trading has enough movement to allow you to do this. It is also important that the market you are trading has enough liquidity so that order fills do not suffer from excessive slippage. You have to select a market that it’s volatility is permanent and not a temporary occurrence. Since you are basing your trading method on catching intraday price swings you have to know that you are trading in the right place. As a day trader volatility is your allay and you have to know that you can count on it every single day (or at least 90% of the days). Liquid markets will provide you with good order fills. As a day trader this is very important since you are aiming at smaller profit objectives and hence larger slippage will eat away more of your profits. When trading several times a day this adds up and can be the difference between success and failure.

As a forex day trader you have to apply all the above rules and principles plus other criteria that are unique to the forexmarket.

Time of day trading

The forex market is a 24 hour market. Never stops except on weekends. Within this 24 hour period different currencies behave in different manners. As a day trader it is very important to know the “personality” of the currency you are trading. For example, the GBP/USD is more volatile in early to mid European session than any other liquid pair. For a day trader trading in these hours it would be wise to take advantage of the price swings the GBP/USD pair offers instead of trading some other currency pair that constantly shows no movement. The USD/CAD pair is “silent” in the early to mid European session but starts to have more price movement toward the start of the US session. Every time Non Farm Payroll is released most if not all currency pair have a very small price range up to release time. As a day trader it wouldn’t be wise to trade during these pre-announcement hours with strategies that are based on breakouts. It would probably be smarter to use strategies that are based on range support and resistance.

Spread and liquidity

Forex brokers don’t charge you a commission for every trade you make (at least most forex brokers). Instead, they make their profit on the bid/ask spread which is measured in pips. As a forex day trader you are aiming at capturing small price swings sometimes several time per day. Also, your profit objectives are obviously much smaller than the swing trader’s profit objectives. All this means one thing: every pip counts.

You cannot afford to trade currency pairs with large spreads, if you do your profit will get eaten up to a point where you will not be trading with an adequate risk/reward ratio. Forex day trading must be done with liquid pairs.


Most forex brokers will provide you with a very narrow spread for the most liquid currency pairs. As an example, many brokers are now offering a 2 pip spread for EUR/USD and USD/JPY and a 3 pip spread for USD/CHF and GBP/USD. These are the most liquid pairs and the ones a day trader should focus on.

Volatility

As a day trader volatility is you friend, a friend you cannot afford to trade without. In it’s basic definition, volatility is simply the amount of price change with relation to time. Volatile currency pairs have various price swings (price changes) during a small period of time (one day). These price swings are what a day trader lives on. In the forex market volatility many times comes hand in hand with liquidity. The most liquid pairs are the ones that are the most volatile. The big 4: EUR/USD, GBP/USD, USD/JPY and USD/CHF are the most liquid pairs that provide the best volatility and hence opportunity for the forex day trader. Within these four pairs, the GBP/USD is the most volatile. Although it’s not the most liquid (the EUR/USD is), but it’s the most volatility. This pair, traded with the right broker (one that provides a 3 pip spread) can present many profitable opportunities for the astute day trader.

Specific news announcements

Currency rates are affected by rumors, news, economic indicators and government reports. As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus. The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report. For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons).

In conclusion, the forex day trader has to be prepared not only with the basic day trading rules, skills and principles. His job is to incorporate into his trading the characteristics and uniqueness of the forex market. Remember, every currency pair might present different opportunities and it is your job to always focus on the ones that best fit the purpose and objectives of day trading. I hope to have contributed to your forex trading education and I thank you for taking the time to read this article.

By Avi Frister
To learn more about Avi Frister visit:
http://www.forex-trading-machine.com

What is Forex?


FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.

Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.

This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).

Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.
Compiled using Wikipedia materials.

Saturday, January 3, 2009

Mini Forex Trading Platforms


Mini forex trading is the fastest and the most cost-effective method to trade in the major liquid currencies from your home or office round the clock at the same prices as large banks and financial organizations.

So an automated mini forex trading platform provides all the advantages of a standard forex trading platform but the smaller trade size gives you the opportunity to trade live with less risk or exposure to the market. The mini forex trading platform, therefore, is the best for a beginner or new investor, who can get a feel of the actual forex trading market without bothering much about win or loss.

The forex mini trading platforms come with the option of opening a demo account in which you get free access to online forex quotes, news and also can trade currencies, but with virtual money. Once you develop the confidence you can open a real live account in the mini forex trading platform. This mini forex trading platform will allow you to start real dealing with mini forex contracts.

If you are an experienced trader or investor and looking for the best and most cost-effective online forex trading platform, then you can open a mini account with the mini forex trading platform, so that you can judge the performance of the platform with little risk.

Most of the mini forex trading platform opens your mini account with as small as $100. The trading platform allows you to trade 10,000 of base currency per lot whereas the standard minimum on real forex is $100,000. You receive the advantage of margin requirements of the mini forex trading platform which may be 0.5% of the actual value of contract you can trade. This comes about $50 per lot.

You can control $10,000 with this $50 deposited on your mini account with the mini forex trading platform. Here you can trade currencies without any commissions and even get profit with positive ‘Swaps'.

An ideal mini forex trading platform should incorporate front end and back office functionality to provide information and dealing or trading capabilities on forex market. The platform should be based on user friendly formats allowing easy navigation and customization of pages to suit your specific requirements.

In a mini forex trading platform you should be able to place market orders on real-time prices and execute your trade instantly. You must have the facility of setting a stop order which closes a trade automatically once it reaches the value you specify. In your mini forex trading platform you can place a limit order which close the trade when it reaches the profit value you are targeting.

Your mini forex trading platform must present a record of past and present trading activity through which you can easily monitor positions and orders combined with margin account management. It should provide access to forex instruments and comprehensive charts, different technical studies including Moving Averages, Bollinger bands, Elliot waves etc.
by.city_tiger

Investing in Forex


Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month

Compared to some of the better known investment markets such as corporate stocks, this is an unheard of return on investment. It's very necessary to mention here that a person who invests in forex must, without exception, make it a point to learn the detailed, but simple strategies and information surrounding the market. This very fact is what makes the difference between successful forex traders and other traders.

A few additional points, which create such powerful leverage for investors within the forex market are: The amount of capital required to begin investing in the market is only three hundred dollars. For the most part, any other investment market is going to demand thousands of dollars of the investor in the beginning. Also, the market offers opportunities to profit regardless what the direction of the market may be; In most commonly known markets investors sit and wait for the market to begin an up trend before entering a trade. Even then, investors, as a rule must sit and wait some more to be able to exit the trade with a nice profit.

Given that the forex market produces several up, down, and sideways trends in a single day, it can easily be seen that forex stands head and shoulders above other markets. Additionally there are trading strategies, which are taught that provide for compounded profits; these are profits on top of profits. In addition, free demo accounts are available within the industry of forex trading, which facilitate the sharpening of skills without the risk losing any capital. And the advantage regarding the time factor in trading foreign currency is a very attractive point for any investor. Compared to one of the most sought after avenues of investing, which often requires forty or more hours each week, namely in the real-estate market, the forex market requires a much smaller demand on the investor's time. Forex trading requires approximately ten to fifteen hours each week to earn a full time income.

It's easy to see that the advantages and great leverage that exist in the forex market, make it among the most lucrative, time liberating, and easy to enter by far.

I hope this information gives you a clear understanding of how you can turn your investing into a true method of making your money work harder for you
by: Joe Clinton

Friday, January 2, 2009

Internet Secrets – Making Money Online


If your business is not offering its product/service online, then you are surly living in ancient times. Companies today have realized that in order to remain competitive, they have to reach todays' customers who do business mainly on the internet. Running a business online means that you have an international audience. And having a worldwide audience means that your business is up and running seven days a week twenty four hours a day. While your customers in United States are sleeping, those in Japan would defiantly be awake. An online business never goes to sleep; customers are always visiting night and day. Because of this, your online company must be staffed all the time in order to keep a close eye on potential sales and new customers.

When managing an online home business, communication is vital. Using instant messaging and email as a type of communication between your staff and yourself will surely have great benefits. There are also several different types of technologies available such as the VoIP which gives you the ability to communicate with your staff and business partners from any place on the planet. But since you and your business associates live in totally different time zones it is very important to set up certain times of the day when you can talk with them concerning different issues and updates that your company faces day after day and what they should to do deal with it. You should ensure that they follow your schedule and instruction.

Meetings are also very important for online home businesses. Having Meetings will inform you of the issues effecting your staff and issues that your company might be facing. To save effort and time, internet businesses can meet online in conference rooms. This will get rid of the need for manual preparations and physical space.

One of the biggest secrets to making money online is brand promotion! Yes, brand awareness is very important even though you're business is on the Internet. Brand building means providing fast services, great products and great experiences to your clients. Yes, you will surly want all your clients to have a good experience. Remember, news spreads quickly online. If you have just one visitor who has had a bad experience with your business and then spreads a bad rumor, chances are your companys' name will be destroyed.

Remember that your site is the face of your online home business and should not be a secret. Making money online would mean that your business must keep up with current technological advances. In designing your sales page always remember to keep navigation at the top of your head. Potential customers will not want to visit a hundred different web pages simply to buy one item.

Surviving online is tough, Every single day there are millions of businesses going online and even more people setting up online businesses. Ultimately, the key to being successful in any endeavor is to totally love what you do. Remember, not everybody gets to affect lives every day on a global scale. If you would like to know more on this topic check out Dotcomology the art of making money with your home business.

By: Anderson Josiah

The Affiliate Roadmap to Success


If you're looking for a quick and easy way to start making money online, consider joining one of the Web's free affiliate programs.

There are endless free to join affiliate programs available on the 'Net — in any category you might be interested in.

And joining an affiliate program is without a doubt the easiest way to start earning an online income.
Here's how it works.

You become an affiliate for another company's product by joining their free affiliate program. Then you promote their products or services on your website. Anytime someone you refer buys something from them, YOU get paid a commission.

And the best part is that it doesn't cost you anything to get started!

Most good affiliate programs will offer you free resources to help you promote their products effectively. Things like banner ads, salescopy, or product photos that in many cases have already been tested and proven to work.

You simply download them and use them on your website.

Why are they willing to do this?

Well, the better YOU are at promoting their products, the more visitors and sales THEY'LL receive. So everybody wins!

You're helping them get customers that they might not have been able to get otherwise. And you earn money for doing so!

The amount of money you can earn from affiliate sales will depend on a number of factors:
Commission amount. Companies will offer anywhere from 5% up to 50% of a product's sale price — a BIG difference.

Price point of product or service. A higher price point means a higher dollar amount for you, depending on the commission. This should be balanced with the commission amount.

Potential volume of sales you can make. Some highly specialized products can sell far more infrequently than others, limiting the number of sales you can make in a given time period.

How effective you are at promoting their products. The amount of time and effort you're willing to put into promotion is a HUGE factor. Techniques like building an opt-in list and using email marketing to build relationships with your site visitors can catapult your earning potential.

There are a number of ways to find free affiliate programs. But if you're just getting started, you might want to check out affiliate directories like AssociatePrograms.com and AffiliatesDirectory.com. They provide lists of credible free to join affiliate programs that have been pre-screened.

You can also sift through websites that sell products you're interested in. They'll tell you if they have a program they can join.

As an affiliate, you earn a commission for any sales made by people who click through from your website and purchase an affiliate product. So making money with website affiliate programs is dependent on maximizing the number of sales your site visitors make.

And in order to maximize sales, your website needs traffic -- and lots of it!

Here are some techniques that will help you send visitors to your website:

Achieve a high ranking in the search engines.

Make sure your website includes keywords that target your particular market. When the search engine "spiders" come to index your site, they'll boost your site higher in the rankings for those keywords. Ideally, you want your site to show up on the first or second page of search results.

Write short articles that will be distributed all over the Web.

All that's required is about 400 words on a subject related to the product you are promoting. Include your byline and a link to your website at the bottom of each article, then submit them to free article directories, like EzineArticles.com.

When other site owners who are looking for content for their own sites republish your article, your name -- and site link -- will be propagated all over the 'Net.

Buy pay-per-click traffic.

One of the fastest ways to drive additional traffic to your site is by advertising with pay-per-click search engines, like Google AdWords. All that means is that your link shows up in the section for paid advertisers. Then every time someone clicks on your link from a search engine results page, you pay a pre-determined amount.

Build a list of visitors' email addresses.

This allows you to contact your visitors again with valuable information that will lure them back to your website. Or, you can even promote affiliate products directly by email.

It's a great way to build relationships and trust, which translates into more sales over time.

Once you've got these tricks working for you, it is much easier to start making money online with affiliate programs.

by: Bjorn Brands

Thursday, January 1, 2009

Promote Your Business Free Online


It is rather interesting that most people do not take free online marketing tools seriously. With the free marketing tools that I am going to list and explain here, you can create a whole online marketing strategy that will generate the amount of traffic needed for your website to start generating sales. If you have ever wanted to discover how you can use the BEST online marketing tactic to promote your Web Site for free, now it's your chance to learn the amazing tactic that I'm using on a regular basis to generate tons of instant visitors to my Web Site(s).

Free online marketing strategy you can create full aggressive campaigns to generate traffic and sales without having to spend any money. These are just a few free Internet marketing methods that can increase your web traffic by leaps and bounds if you spend the time to implement and manage them. Are there any free systems that work? Yes, I’m please to say that there are and I’d like to introduce you to free marketing methods that really work and that you can implement on your own.

This is not to tell you that you are better off only focusing on plain free Internet marketing techniques. As you read this discussion of some of the free and near-free marketing techniques available today, you may want to consider trying them for yourself. Anybody planning an online marketing campaign should look very carefully at the so-called free marketing tools and options, the effectiveness of some of the techniques will surprise them.

Instead of all the headaches and extra work that has to go into mini sites, many smart online entrepreneurs use free marketing articles. Much of the free online marketing is just a big waste of time, and often generates a ton of mail soliciting YOUR business. One of the best ways to get free web site marketing is to get your web site’s link, with title and description, placed on other websites.

Another way people use these free methods are to embed their affiliate links and product links into them so that readers will click on them and thus get more website traffic to their websites and make money when these get converted into sales. Another benefit of online marketing articles is that it helps to generate more links and traffic to your website. The power of article marketing is obvious, and if you are a website owner, you should certainly be using it to drive free targeted traffic to your website.

One of the best and most powerful ways to drive targeted traffic to your website and to make sales is through Article Marketing. The next way to drive free targeted traffic to your website is to include a link to your site and small ‘hook’ in your signature. Each article you have published is excellent advertising for your website as at the end of your article you will have printed an 'about the author' section (also called bylines), this advertises you and your website and builds free traffic to your site and credibility for you if your articles are of good quality.

Remember: People (customers and employees) + Package (your Face to the Customer) + Brand (who you are) = Marketing Success. Online marketing articles are one of the best ways to market your business on the internet.

By: Tsuyoshi Suzuki

4 Things Affiliate Marketers Need


Here's my response, along with some information on what it takes to be successful as an affiliate marketer and tips on how to make affiliate marketing work for you as an online home business. You may not think that having a home business provides as much security, but you won't get laid off and you won't be called back into the office, and you should almost always get along with the Boss. In my mind, all of this makes the idea of starting a home business all the more appealing. There are thousands of work at home jobs and home business opportunities on the Internet.

After a LOT of research, as well as plenty of trial and error, I have learned some very important things to look for in home businesses, work at home jobs, affiliate programs and all the other types of work at home business opportunities. My preferred niche is in affiliate marketing, this vs. traditional marketing is by far easier and more lucrative in the long run. You can build a higher residual and passive income this way. My opinion, of course, but try it out for yourself and see that I know what I am talking about.

Useful Tips

1) Starting a successful online business begins with research.

Look into every aspect of your business, Are you going to need inventory, storage, up front money? Websites, domains, and hosts are very important factors in research! The wrong web host and you are doomed from the beginning*. Write it all down so you can look back from time to time. Research your niche, by that I mean what kind of business would best suit you and your needs. What are you good at? Think about this question before you go any further and write down your answers so you can research them.

2) Websites, domains, and web hosts are crucial in your success.

Like I said above*, Most Internet businesses, that have a drive to succeed, focus all of their time and resources on building a great site, and then trying to drive tons of traffic to that site. I recommend staying away from Free web hosting for a business , Most free hosting has drawbacks such as they reserve the right to place ads of all kinds on your site, this looks very unprofessional and will make you lose business in the long run, so beware, free isn’t always good. Check out reviews on the host of your choice to make sure they have good credibility standards on the internet. I personally recommend Host 4 Profit as they have always had great customer service, and they, to my knowledge, are rarely if ever down like some hosts I’ve ran across in the past. Anyway, research this one immensely.

3) One of the biggest key factors in building a successful online business is traffic. Only after you have chosen the right name and host for your business should you move to this step. There are many Free ways to get traffic on the web; Articles, blogs, free advertising sites there are plenty of, traffic exchanges like Traffic Swarm, Traffic G, etc. Making sure you get enough backlinks to your site makes the Big difference. Search engines like Google, Yahoo, MSN will not pick you up if they can’t find you. Make your website available to be found by getting your link on everything you can, but always staying within the rules of advertising, otherwise you do more damage than good to your business. If you have NO traffic, you have NO sales. No sales equals No Business. You see the effect here.

4) Perseverance, it’s not something you can find online it’s something you have to find within. I know you’re thinking now why did I put that in there. Perseverance is what you will need most when you start and try to maintain an affiliate marketing online business. When you work at home you get to set your own hours and granted you can even work while still in your PJ’s but at home there are constant distractions to stop you from staying on task. Someone will stop by, the kids will start fighting, emergencies arise, the phone never stops ringing, etc… You name it, it will be sure to happen. This is why perseverance is in my top 10 tips to maintain a successful online business. You must make it a point every night before going to bed to make a ‘to do’ list for the next day concerning your business. This strategy has helped me most of all and it keeps me on task.

by: Tabitha Palmer


 

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