Friday, May 15, 2009

3 Free Ways to Promote Your Website


Let's face it, advertising is extremely expensive. Fortunately, there are some simple and free ways to promote your website without paying through the nose.

1.Join an Online Discussion Business Group

There are any number of discussion groups and bulleting boards on the Internet. Find one that interests you and is likely to attract the type of people who fit into your target market, join it and participate. Be as helpful as possible to the other members of the group, and don't forget to put a link to your website in your signature line.


2.Place Your URL on All of Your Existing Stationary and Advertising

Your existing clients may not know that you have a website, and won't use it unless you constantly remind them. Place your URL on all invoices, receipts, envelopes, letterheads and business cards. By the same token, if you are running an existing advertising campaign, ALWAYS include a reference to your URL.

3.Talk it Up!

Mention your website in every conversation. Mention it on the phone, mention it at social functions, mention it to the clerk at the grocery store. The more you talk about it, the more visitors you'll get.

Thursday, May 7, 2009

Know More Forex Broker Tricks


You need to understand that forex brokers are above all marketing machines. Forex brokers continuously require a flow of new clients, since many retail forex traders dont survive longer than a few months. After losing, more than 90% simply quit and give up forex trading.

For enticing new clients, vast sums of money are spent on advertising by forex brokers. You can check this fact by going on Google and typing any forex related keyword. Almost all the ads will be by forex brokers. Each click costs them around $1.

Most popular way used by forex brokers to make you trade more and more and burn your money is to announce monthly Forex Trading Contest. Cash prizes of $2000, $1000 or $500 are announced.


Most of the traders get wiped out trying to win the contest. This trick is almost like a lottery. Only a few win, rest loses! But in the end its your forex broker who makes the most money.

There is no check on the forex brokers. They can quote any rate to you. Forex brokers do this by adding 2 3 or even more pips to the interbank market pip spread

Just imagine by acting only as middlemen between the interbank market and retail forex trader, forex brokers make risk free profits of 3 to 4 pips on a round trip trade.

There is a practice used by forex brokers called Price Shading. For example, if the broker is convinced that Euro is on an uptrend and its price is going to rise, the broker will shade his price quote slightly higher to take advantage of the likely increase in Euro price.

One of the best tricks that forex brokers use is Stop Loss Tripping. If they find many stop losses at a particular level, there will be a momentary blip in the price feed to take out most of the stop losses.

You cant do anything. It was a momentary spike, so small that it only tripped the stop losses.

Since, there is no central exchange to compare moment by moment prices, your broker can offer any excuse like there was sudden large order in the market or the broker feed is much faster and reflects true interbank rates.

Monday, April 27, 2009

Top Forex Trading Strategies


Does anyone really know when and how Forex trends determine its direction? My response is "YES". How about you? Even most of Forex experts give analysis of the proposed direction of the market using Mechanical Strategy (TOP FOREX TRADING STRATEGIES).

In the past, lots of strategies has been tested and created in form of Robot (Robot is a programmed software for trading instruments automatically) but later discovered that most of the programmed Robot still need mechanical skill to complete or compliments it efforts. Mechanical, in the sense of having manual intervention in other to perform well.

In recent times, lots of Forex trader, the experts, the intermediates, the beginners are always advised and encouraged to learn the basic rudiments of trading, that is, having a Mechanical strategies in place (ability to determine trend direction using indicators, charts, graphs, new alerts, economic forecasts and all) setting your trade yourself in other to achieve great result. There is one common mistake about Automated System, it lacks common sense but with Mechanical Strategies, having gotten all your parameters and information needed, you can hardly place a wrong position because you will input value derived yourself.


Top Forex trading strategies are mostly mechanical in nature because, entry to any position either a buy order or sell order is made on the formation of valuable candles and calculation you derived. One interesting thing about Mechanical Strategies is that market movements are captured to the fullest. For example, if you have indicators like 5SMA and 8 SMA on an hour chart timeframe. Immediately you get a cross of both SMA's, you wait for a confirmation on the lower timeframe (5minutes) for a close above or below to fill your position. With this, you can more than 200pips because you keep trailing your profits until trend changes. Stop orders can also be used to ensure you enter your position at your specified price.

There are three important advantages to why you should trade learn to trade Forex Mechanically. • You are required to learn all the gimmicks, that is, the charts, the currency type, correlation between your trading pairs. Knowing all these, gives you an edge over placing wrong trades. • You can have your position set by using stop order which will executed you're your desired prices reaches. Set it and forget it and your meet your GREEN PIPS! If you have conservatively set your parameters the system should capture regular profits for you! • From my experience, this kind of Forex trading behavior enlightens you and keeps you to your attitude. You are surely going to obey the rhythms of your indicators in other to have a profitable trading experience.

I strongly advise anyone interested in Forex trading should take his/her time in learning the Mechanical Strategy. Mechanical Strategy is all about reading and interpreting candles and lots more.

 

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