Tuesday, January 13, 2009

Forex Practice

Forex practice accounts allow you to trade the forex market while not putting your hard earned capital at risk. These accounts are often also called forex demo accounts, these accounts should be free - so if a forex broker is trying to charge you for one – just say no thank you and look for another broker.Most forex practice accounts will work for about 30 days, some are longer and some are shorter it all depends based on the forex broker that you choose to open your practice account with. We have found some forex brokers even let you continue to use the account for longer than the time frame that they say it is good for. However, other brokers will discontinue the account as soon as the time period is up.

Forex brokers offer forex practice accounts to people as a way to get other people interested in their forex trading platform and use their forex broker services. As a result - they will collect some basic information from you when you setup your forex practice account. Depending on the broker, they may call you and see how you are doing in your demo account and see if they can help you get started in a live account. Remember they get paid a commission only when you are making trades in a live forex account not the forex practice account.Our advice is to use a forex practice account until you have tested your forex trading strategy and are comfortable trading the forex market.
There is nothing worse than making a mistake in a live account, especially when its something that you should have learned not to do in your practice account. If you aren’t sure yet of how you are going to trade the forex market and you are looking for a simple and easy to use system that will take about 15 minutes to use - you should check out Freedom Rocks - it is an effective and easy to use forex trading system.We have learned a lot using forex practice accounts to test out different strategies and test new theories.
Often times we will be running anywhere from 3 to 5 practice accounts at the same time just to try out different forex strategies. Some brokers make it easy to have several accounts and other brokers make it difficult. The broker we use allows us to create new demo accounts in just a few mouse clicks and they don’t care how many accounts you have – as a result – it makes it a lot easier to test strategies on their platform as opposed to other forex brokers.
Even after you have been trading the forex market for a long time you will want to experiment and test out new methods of trading and that is what forex practice accounts are great for. Test your new forex method without putting any money at risk in a demo account.

Thursday, January 8, 2009

Forex Investment

Global forex market is the largest market in the world with daily reported volume of over 1.8 trillion of transaction. Forex trading market is a place where the currencies of different countries are bought and sold through forex traders. Forex traders buy and sell currency with the hope of making profit from forex market when the value of the currency changes in their favor, whether from forex market news or events that take place in the world. Forex prices can change at anytime in response to real-time events, such as political unrest or inflation rate.

Global Forex Market
Global Forex market is unique to any other market in the world, forex market is available 24-hours a day. Somewhere around the world, a financial center is open for business and banks exchange currency, every hour of the day and night with generally only minor gaps on the weekend. Essentially global forex market follow the sun around the world, giving the traders the flexibility of determining their trading day. The spot forex market trades are settled within two banking days. There is no central forex exchange like futures. Most of the forex trades are done electronically. The big boy's in this global forex market are the Banks or Hedge Funds. However, with new forex rules and internet forex trading platforms, almost anyone can start forex trading today.

Forex Analysis
Before we start forex trading, we need to start some forex analysis. Forex analysis basically divided into two types: forex fundamental analysis and forex technical analysis. Forex fundamental analysis uses economic and political factors such as housing starts, the unemployment rate, or inflation, as a means of predicting currency movements. Forex technical analysis uses reliable historical data as a means of forecasting these movements. Forex technical analyst believes that history repeats itself over and over again. Forex technical analysis is not concerned with the reasons (interest rates or inflation) for currency movements. Instead, it believes that historical currency movements are a clear indication of future ones. Forex technical analyst typically uses charts as a tool in predicting currency price movements.

Forex Trading
Forex trading system allows traders to transact easily and increasing their earnings. Investors should keep in mind that forex trading works on certain principles and this type of trading is an investment not an income. Currency can fluctuate at any time, the best investment was forex trading. Forex investor should have another source of income while dealing in forex trading. After investor getting all information about forex broker's system, then the forex investor can start forex trading with small amounts. All the investor should always invest that amount for which the forex trader can bear profit or loss in forex market.
Forex trading can also be a great money making opportunity for those who know their way around, but its not easy to be a successful trader in the forex trading system. Forex trading is a risky business but the forex trader can reduce the risk by following best trading strategy. Forex trader should know the right time to enter and exit the forex market. This is an easy and simple trading business. Forex trading can also run by sitting in your home with internet connection.
Forex Margin
Forex margin deposit is not a down payment on a purchase of forex equity, as many perceive forex margin to be in the stock markets. Rather, the forex margin is a performance bond, or good faith deposit. The forex margin requirement allows traders to hold a position much larger than the account value.

Real Estate Investment

One of the most profit yielding investments today is from real estate investment. The earning potential of a smart real estate investor is extremely high, because real estate value does not typically decrease. When you are looking for a way to ensure your future security or to build a retirement portfolio, real estate investment is a good investment tools. Assuming that a real estate investor invest $10,000 or 10% in a down payment on a property and the real estate investor get bank loan for the remaining of 90%. If the real estate investor earn a 10% return, he will finish with $110,000.

House is one of the best and easier real estate investment you can make. House prices tend to rise over time. Home prices in the U.S. have risen 2.5% to 6.0% a year for the past 20 years. That trend is likely to continue for the next 10 years. So if you buy a home now, you've put your capital in a safe real estate investment where it is likely to grow. Invest in real estate can help you reduce the amount of tax that suppose to pay. You can deduct the interest you pay on your real estate from your taxable income. The value of this tax break depends on factors like your personal tax bracket, the size of your real estate, the rate of interest you pay on it and how long you've held the real estate. As a rule, the newer the real estate, the greater the amount of interest you pay each month and the bigger the tax break. Therefore, recent buyers with young real estate tend to get the greatest benefit.

Forex Trading Mindset – Why Most Traders Cant Accept Big Profits

This may seem an odd headline as your probably thinking all traders want big profits so will accept them – this is not so. Many traders are very often right about the big trends but fail to make money from them. Why? Let’s find out. Many traders have excellent forex methods and are right about the long term trends but cannot hold them due to the emotion of fear. So what do they fear? They fear of losing the profit that they have in an open position is something all novice trader struggle with.
The bigger the profit gets the greater the temptation is to snatch it before it gets away. As volatility eats into open equity, the temptation to take the profit becomes too much and the trader banks it.Missing the Huge Profits and What Might Have BeenOf course the trade then goes on to pile up $20 – 30,000 or more in profits! The trader knows he should be in - but did not have the mental discipline to stay in the market.It’s easy to say holding a trend is not hard just stay disciplined but that’s only if you have never done it! Believe me its hard even for experienced traders.
Money is on the line in many instances big money and emotions start to take control.Over Coming Fear When Trend FollowingOf course you need to over come these emotions and learn how to overcome the psychological trap of fear.
These traders could turn mediocre or average gains into huge gains and the way to do this is to have confidence in the method you are using. Even if you are following someone else’s methodology you will only be able to hang onto a trade if you have confidence in it.
1. Confidence in your method is essential and you should know how and why it works and will give you the big profits.
2. Hold stops back at entry. If it’s a long term trend, don’t trail too quickly or closely that will see your trade get taken out by normal market volatility.
3. Accept the fact that open equity will drawdown sometimes by several thousands of dollars per day – don’t tick watch - look once a day only, and hold with your stop in place.
4. Learn to love risk and see the short term drawdown as inevitable to get your hands on the bigger pot of profits at the end of the trend.
5. Study the big trends historically and match yours with some to give you an idea of the target you can expect. Keep in mind if you trend follow and you catch a big trend it can last for months or years and run for a 7 dollar profit!
Confidence Discipline and the eyes on the bigger prize
You can do it – it just takes a mindset that is focused on making big gains and ignoring short term volatility. It’s hard but if you can have confidence and discipline, you can hold on for bigger profits without the fear of losing.

Auto Refinance

Refinancing Your Car Loan

As interest rates drop, people's thoughts turn to refinancing — refinancing their home loan, that is. What they don't know is that refinancing an auto loan is easier to do, and it can save you some serious money. How much? Say you bought a new car six months ago. And say there were a few dings on your credit so the dealer told you that your auto loan would be 11 percent on a five-year loan for a $23,000 car. Your monthly payments are $500. Now let's say that you surf the Web until you find a company that offers auto refinancing. You could refinance the balance of your car loan and lower your payments to about $400 a month. That's a savings of nearly $6,000 over the life of the loan. Other examples could well be more dramatic. In some cases, a new-car buyer could wind up with an auto loan based on an 18-percent interest rate. By refinancing at a competitive rate, the monthly payments would be slashed, and all it takes is about 10 minutes to fill out the application.

There are many players in the refi game, but three of the largest are Bankrate.com , Capital One Auto Finance and E-Loan.com. Bankrate.com refinances cars on a "referral" basis — taking loan applications and matching them with banks. (You may even get matched with E-Loan or Capital One, both direct lenders.) Online auto refinancing gives people the ability to go into a dealership as a cash buyer, making them far less vulnerable to profit-seeking salespeople who often confuse customers with interest rates and monthly payments.

So what kind of consumers should consider refinancing their auto loans? An industry expert I spoke with identified the four types and gave them each a name:

The Saver: This type of customer is always keeping an eye on the Fed (Federal Reserve) and when interest rates drop, he begins shopping for a way to improve his personal financial picture. He may also consider refinancing when his credit score has improved, which could enable him to qualify for lower rates.

The Newly Educated Remorseful: A car owner may have recently bought a new vehicle and financed it through the dealership. Then, a neighbor or friend innocently asks, "So what interest rate did they give you?" The car owner goes back to her contract and finds that the dealer made a pretty penny on her by marking up the interest rate by several percentage points. Buyer's remorse sets in…and the search for a new auto loan begins.

The Budgeter: This customer may have bought the car on a short-term loan — say, two years. The payments are high but affordable. Now suppose this customer's economic picture changes — he buys a house, for example — and his monthly expenses shoot up. He looks at that auto loan and wants to spread the payment out over a longer period of time. Refinancing the auto loan is just the ticket to do that.

The Lessor: Many consumers find that they want to keep their car at the end of their lease. Knowing a vehicle's performance, maintenance history and reliability can certainly be a plus. In some cases, however, the dealer is of no help establishing a loan. Doing a "buyout" — where the customer actually purchases the car and establishes a loan — is a smart move.

Consumers who are thinking of refinancing should visit Bankrate.com. By typing in the name of your state of residence and the city closest to you, a list of lenders and their rates are presented in an easy-to-read table. The table also shows whether a fee is charged; contact information is given, too. Be sure to look at the terms of the loans, as different terms will lead to different rates.

So, if refinancing is such a great move, why don't more people do it? Possibly, they anticipate the same kind of application-heavy process found in refinancing a home loan. It could simply be that people don't know it is possible. After all, the only risk is the 5-10 minutes it takes to fill out the application. Make sure, however, that no points are charged for the refinance process.

Remember, as the federal interest rate drops, auto loan rates follow. Why throw that money away paying interest? Join the wave of the future and surf the Web for a good new auto loan.

Wednesday, January 7, 2009

Ways to make money online

part time or full time, and working at home

There's no catch and I'm not trying to sell you an ebook. Or anything (read about conmen who do). I'm not even signing you up for a newsletter. This list was put together more as a laugh. It may change your life. Or it may annoy you enormously because of its er, brevity. I hope it does both.

Some ideas here are nice and have halos, others smell of dog urine ... but all these methods allegedly generate lotso dosho, and every single one is legal at least somewhere. There's overlap in everything so some ideas may be repeated (and some may not be covered at all) but I'm still maintaining there are 101 ways to make money online, partly because it makes a good headline. No, solely because it makes a good headline. It sucked YOU in, didn't it?
No, you won't get anything for nothing but there are a lot of things you can get for nearly nothing. Like getting to pick holes in my list. Go ahead. Pick holes and then link back here to show people how stupid I am.
I've put together a lot of these ideas from thousands of hours discussing businesses for sale with their owners. They've shared with me how their businesses operate, how they make money online, how they built their businesses up etc. They've given me access to their traffic stats, their earnings and accounts and tax figures. Many even gave me access to their Adsense or other "main earner" accounts. Some of those businesses were so irresistible that I bought them. And sold them. And bought others. It's a game. I love it.

Finding business ideas:
1. Spend all day browsing Site For Sale forums (like the list we have here) for the myriad ways people earn money online. People looking to sell their sites actually tell you how they make money! Pick one that suits you. Research it a bit, and away and start your own business. Or use a search engine to find ways to make money online
It seems to be so easy that it's almost impossible to find someone who doesn't know how to do it. (But why stop at one search engine (SE)? Most people get to less than 1% of the top qualify info they're seeking because they use just one SE like Google, don't have the vaguest of ideas of the advanced search features available, and don't know the benefits to be had using specialised SEs, local SEs etc. )

2. Bundle the two above to tell other people how to make money online. They always want to know. It doesn't matter if you don't know yourself, you can still charge them for it. I obviously don't have a clue as I'm giving it all away. You can now ignore everything else I say. But don't go spending money on internet cons promising to make you a millionaire and here's how to spot them.

3. Be more inventive with your search. Look for small business franchise newsletters. Or for home jobs in your particular niche or hobby. (And check point #2 above for those specialised SEs). You can also go through the appropriate DMOZ categories (examples: 1 2 3 4 5 6 7 8 9 10 11 12)
But using "search" is just the start of the game. There are simply so, so many ways. We hope you hang around to find out.

4. Like the guy you can pay to stick a message in a bottle for you and throw it into the sea. He's made tens of thousands of dollars already. And there are several others like him in all parts of the world. Do you live near a sea or river? Or join the cleanup of those bottles and get your council to contribute.


5. The dot com gold rush made many millionaires but there's still plenty of money in domain real estate and still some good catches available. A good dot com may be difficult to find now. But there are a lot of gTLDs and ccTLDs from the .info to .eu to .tv to .co.in and they all present opportunities being discussed in several good forums. Put your thinking hat on, buy a famous word domain for a few dollars and put it up on the domain selling sites.

6. Lost your thinking hat? Hang out at SEDO. DNForurms, Afternics and other places where domains are bought and sold. Provided you learn enough about the market to recognise bargains you could make a living from just buying existing domains and reselling them.

7. If you're smart you'll run dictionary checks against available domain names and auto-check them against search volumes (using OST, Wordtracker etc.) for that term and Pay Per Click (PPC) rates in the major ad networks (example) to work out which ones are likely to be more profitable. If you can pick up the domain for a profitable term that's searched for often you can use a domain parking program. Or post a little bit of relevant content and get a link or two ... and the search engines will start sending you traffic. If the phrase people are typing in coincides exactly with your domain name it gives you a great head start with SEs.

8. If you're smart AND a linguist you'd be doing that in multiple languages. And not paying for any domain till you've tried it free for five days to see if it does indeed get any type-in traffic (and how well that traffic converts). After you've tried it for five days and dropped it there's nothing to stop you immediately picking it up again for another five day trial. Strange, but true. It's not kiting, it's legal.

9. Misspellings. Massive opportunities still exist in the misspelling/typo market. People trying to get elsewhere land on your site instead ... and you sell them stuff (or use the domain parking idea). Some even tempt fate by making PPC opportunties out of typosquatting on trademarks. Finding typos has never been easier. There are many tools that will find misspellings for you. How easy can it get?

10. Domain parking and type-in traffic: People sometimes guess at URLs. If they want a plumber they may try plumber.com though they've never used that site themselves. Find terms that people may be typing in (I will provide a detailed guide to this when I get a chance), buy the domain and populate it with ads. There are several ad programs to monetise your parked domains. Or combine this with the previous idea to buy plummer.com or similar typo domains to make money online.

11. Drop catches. People sometimes forget to renew their domains and these expire. Picking them up will give you some remnant traffic from sites that link to this domain/people who've bookmarked it etc. In some cases the traffic can be pretty high. Provided you're fast enough to replace the copyrighted content that was there with something else you can make quite a profitable business from doing nothing else but this.

12. A variation on the above. Sell the domain back to the previous owners. Note that you may want to tread carefully and get familiar with the rules for that TLD before you start sending off ransom notes. For example, with ICANN (domains that end in .com, for example) the moment you send the previous owners an email saying you've got their domain and you'll give it back for $10K... you've lost. It can't look like a ransom demand. Be reasonable and read the small print of the UDRP. No UDRP required if you're sitting hostage on myspace.com/theircompanyname or the equivalent at blogger, mybloglog, or other big destinations. LOL, watch them kick themselves and sack their web advisors who told them about taking the "dot info" but omitted to mention the importance of protecting the brand by owning the associated myspace directory (and others)! And it costs you nothing!

13. Run a domain management service. Hundreds of thousands of webmasters (or more) have a large portfolio of domains. A lot of them would like the boring bit taken out of their domain management. You can run their DNSes or just a service reminding them when each domain comes up for renewal. Or an automated monitoring service to tell them when one of their domains/sites is inaccessible.

14. Start a directory to list domains for sale. That's what people like SEDO do. You can get money just for allowing domains to be listed in your directory.

15. If you're running a service putting buyers and sellers of domains/sites in touch with one another you could get money for add on services (like providing escrow facilities). For ideas have a look at what existing domain intermediaries offer.