Tag Archives: Online

Forex Trading Articles

Best Online Trading Tips 4 Forex Currency Trading Mistakes That Will Cost You 30000

A few months ago I had the opportunity to work with a Trader who was well funded but he was unable to achieve the profits he wanted. He contacted me after looking at some of my best online trading articles. After several meetings we were able to find an effective trading strategy and money management plan to fit his trading goals.

However, he had lost $30,000 from his hard earned money and he was been a victim of the psychological manipulation of the market.

During my meetings with him I was able to detect the main mistakes he was committing and that were preventing him to profit from the market. In this article I will be sharing with you the mistakes I saw he was committing that cost him $30,000 in trading losses.

Not utilizing the right money management and risk management techniques:

One of the primary issues this trader had was that he was utilizing the wrong money management techniques. People want you to think that making the most pips is what really counts, however I think differently. A pip is a unit of measure that is utilized in Forex trading and the number of pips you produce in a trade is merely determined by price fluctuations. Alternatively, when you use percentages as goals instead of pips you will be able to manage and measure the performance of your trading account.

Allowing your emotions to cloud your judgment:

Letting your emotions get on the way is the best way to lose all of your trading funds. When a trader is manipulated by his emotions he is more prone to make irrational trading decisions, and irrational decisions lead to losses.The best way to control your emotions and become a disciplined trader is by following a strict money management plan and goal oriented trading strategy. Building yours should be one of your first priorities as a FX trader.

Over trading causes failure:

This is one of the most detrimental and expensive trading mistakes. Overtrading is understood to be the act of looking for trading opportunities when they are not there. Sad but true, over 80% of all traders I have had the opportunity to do business with were overtrading. Previously I have compared over trading with an addiction like alcoholism. A person who has a drinking problem never admits that he has an addiction nor does a Fx trader who is over trading. The only way for anyone who over trades to become profitable is to admit their mistake (overtrading mistake) and find the right way to fix it.

Looking for instant gratification by trading low time frames:

I don’t have anything against scalpers or folks who choose to trade low time frames, I know low time frame traders who make a killing in the Forex. The problem is that scalping is not for everybody. Plenty of people become scalpers for the wrong reasons and quite a few times they just want to make money quickly. Unfortunately, this is not how successful Forex traders roll and I have discovered that looking for instant gratification is likely to lead to big disappointments.

In the end, ensure you concentrate on putting all together and don’t rush to open up a live account if you are not ready.

Regards,

Jay Molina

General Investing

Investing Online For Novices

Investing online (online trading) can seem a little weird at first, especially if you’ve been using the Internet mainly for less serious things like playing games and updating your Facebook page.. After all, this is your hard-earned money you’re now thinking of transferring to a faceless website. So, notwithstanding that online trading is commonplace nowadays, you may want to learn more about how to set up an account and what to expect next before going further with this. You can experience exactly what’s involved in online trading at the Investing Online Resource Center.(investingonline.org). Here you’ll find out what it’s like to set up an account and get starting with trading, and you’ll also find descriptions and rankings of the various online brokerages. If you’re an experienced online investor you may also find the site useful. It covers a variety of topics in-depth, like day trading, after-hours trading, and provides discussion groups and even a complaint center.

The online brokerages most newcomers know are AmeriTrade and E-Trade. Both are pretty good choices for getting started. It costs $2,000 to open an AmeriTrade account and market orders (buys or sales of securities) cost $10.99. You get a trading demo and an investment education section called Investor Basics. E-Trade requires a $1000 deposit and market trades are $14.95 per trade up to 1,000 shares. E-Trade is known for its superabundance of investment tools, charts, reports, and market news.

But I personally use a lesser-known company called. TradeKing. This is a very good service if you want to pay very low fees for trades but still get fast, reliable service. TradeKing is a nationally licensed online broker offering low flat fees ($4.95 per trade and $0.65 per option contract) with no hidden costs or account minimums. It offers almost as much in the way of tools, research, charting, and educational information as E-Trade but at a lower cost. Personally, when investing online, I don’t see the point in paying any more than necessary for a standardized service like stock or bond trading.

Online Brokers for Mainstream Investors

By “mainstream” I mean investors who are experienced in investing online and do ten or twenty trades a year, but usually involving moderate amounts of money. These are average citizens like most of us who use online investing as a convenient way to manage all or a part of their portfolios. So they are looking for user-friendly online service, totally reputable and reliable (of course!), combined with easy access to their funds. But they are not professional investors, nor are they wealthy individuals dealing in six and seven-figure trades.

For experienced mainstream investors. Charles Schwab is an excellent choice. It offers top-notch basic service plus a variety of premium services like access to professional research and fee-for-service financial advisors. Schwab has extremely good customer service and is a premium online brokerage. Trades cost $9.95 and you must depost $10,000 to open an account.
Another possibility is TD Waterhouse. Waterhouse has the distinction of being associated with Goldman, Sachs, the powerhouse investment bank, and can provide you with access the Goldman, Sachs research reports and IPO information. An initial deposit of only $1,000 is needed.

General Business

Online Marketing Analyst

The Job Description of a Marketing Analyst

A marketing analyst is an individual who gathers information about what people think to help companies understand what type of products people want and at what price. The specific duties of a marketing analyst will vary depending on the type and size of organization they work for, however, these specialist practitioners focus exclusively on designing and conducting surveys through various media channels including telephone, internet, and mail or they may develop advertising brochures and commercials, sales plans and product promotions such as give-a- ways or rebates. Marketing analysts may also work with statisticians, economists or collaborate with other marketing analysts in order to designs surveys.

Other duties of a marketing analyst include:

* analyzing and collecting data to evaluate existing and potential product or service market
* evaluate prices, sales and methods of marketing and distribution
* study data on past sales to predict future sales
* devise and implement effective strategic methods and procedures in order to obtain correct data
* design surveys to assess consumer preferences

Marketing Analysts are hired by a variety of clients such as government agencies or corporations to make recommendations and help them implement ideas on the promotion, distribution and pricing of products or services. However, most clients hire them to gather, compile and analyze data in order to identify and monitor its competition as well as research and monitor current market conditions or changes in the industry that may affect sales.

The information gathered also allows them to make fiscal or policy decisions, measuring the effectiveness of those decisions or to improve customer satisfaction.

Marketing Analysts must possess certain preferred qualities in order to distinguish themselves from their competition and create a niche market for themselves. These include possessing strong analytical skills and keen attention to details, exceptionally well organized, goal orientated, strong oral and written communications, analytical problem-solving skills, and the ability to articulate and display a high level of professionalism. They must also be patient and persistent due to having to work for long hours sometimes under difficult circumstances. Having strong people skills is a must as sometimes they must supervise interviews for individuals of varying cultural, religious and educational backgrounds.

Education Required for becoming a Marketing Analyst

A Bachelor’s degree is the minimum requirement needed to pursue many entry-level marketing analyst positions such as administrative trainee or research assistant. However, a Masters degree is the basic requirement for companies seeking marketing analysts to occupy technical positions within their organization.

The training programs required for aspiring marketing analysts must include courses in business, marketing and consumer behavior coupled with other liberal arts and social science courses in English, Economics, Psychology and Sociology. Due to the importance of quantitative skills in the career of a marketing analyst, courses providing instructions in Statistics, Mathematics, Computer Science, Sampling Theory and Design are significantly helpful to your career as you progress in this dynamic and increasingly competitive field.

Most marketing analysts often go on to pursue advanced degrees in business administration, communications, marketing, statistics or a closely related field to enhance their personal and professional growth. They also continuously upgrade their skills through short courses and seminars to keep abreast of the latest methods of developing, conducting and analyzing surveys and other data.

Online Programs to Get You There

Individuals can gain formal education and practical specialized training needed for the position of a marketing analyst through various accredited institutions that offer an online marketing degree. The online institutions that offer the concentration in Marketing at the Bachelor or Master Degree levels provide additional focus on the latest principles and technologies utilized within today’s high tech global environment. Some of the online course topics covered include those in e-commerce, consumer behavior, marketing strategy, market research, professional selling and internet marketing to develop students’ abilities in general business management, critical thinking, problem solving, decision making, communication and writing skills.

Some of the top Schools providing an Online Marketing Degree include:

* Westwood College Online
* Kaplan University
* Strayer University
* University of Phoenix
* AUI Online
* North West Arkansas Community College (Marketing Analyst Program)

Average Salary for a Marketing Analyst

The salary for a marketing analyst will vary depending on the type and size of the company, location, level of qualification and experience. Studies reveal that more than 50% of marketing analysts earn between $35,493 and $45,205 per year.

Forex Trading Articles

Online Forex Trading Strategies

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Forex trading also known as currency trading is becoming one of the most popular markets today and becoming increasingly popular almost daily. One reason for this is the constant changing of this market.

FOREX – the foreign exchange (currency or Forex, or FX) market is the biggest and the most liquid financial market. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers. All Forex Trading (FX Trading) is determined by a rate of exchange. FX traders simultaneously buy one currency and sell the other, with the hope of making a profit when the value of the currencies changes.

There are always risks involved with any money making process. Forex trading is no different. The most important thing to remember is to be logical about it. Start out small and remember that the more you put up the more you stand to lose. Keep in mind that forex trading is not a way of making money fast. It is important to start out slow and to be sure that you understand the process of what you are doing. So don’t try to earn in a short span of time.

Everyone wants to see a profit and this is one of the biggest reasons we pursue forex trading. For example if you buy currency at one price and sell it at a higher price then you get back more than what you paid thus resulting in a profit. Whether a Forex Trader is forex trading USD/CAD or EUR/USD or any other Forex Pair they are always betting that the first currency is going to increase in value versus the second currency. Once this occurs the Forex Trader would sell back the Forex Pair to make profit off the increase difference between the two currencies.

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The change in values of these currencies with respect to the base currency is the basis of forex trade. The US dollar holds a special place in this market and is the most traded currency because of its acceptance as the global reserve. In a forex transaction, the actual currency is almost never exchanged. The deals are undertaken as contract between two parties, and the gains or losses are recorded into the trader’s account.

The forex deals do not take place in an exchange but over the counter or OTC. This underlines the need for the participants to be highly disciplined in trading. Forex trading can be confusing for a novice trader, but with some knowledge and practice, it will get become much easier. The first step to understanding forex trading is to understand how prices are quoted. To understand how the exchange rate can affect the value of your Forex investment, you need to learn how to read a Forex quote. Forex quotes are always expressed in pairs.

Forex Trading Articles

A Number Of Ways on How to Learn Forex Trading Online

If you are someone who is interested in doing Forex trading, but cannot find someone to help you learn currency trading online, then you better read this article. There are actually several means to learn Forex trading online and below are some of the ways that could greatly help you. Applying just one of these will help you to learn the basic process, and using all these will make you to become an expert.

First, it is important that you are aware about the existence of several web portals available on the Internet that will provide help with Forex trading as well as teach you with the basic Forex education. These websites will not cost you anything because their services are being given for free. They will be able to help you out in gaining knowledge without having to pay for any fee.

Secondly, learn Forex trading online by finding and reading free online articles and e-books. These articles and e-books will mostly provide a general knowledge of the Forex market. A few may delve into specific trading strategies, but usually you will need to pay for this type of information. If you are hesitant to spend your money to buy these books, you can just visit any of the book shops near you and read some books about Forex trading.

Thirdly, check some online brokerages, such as the Easy-Forex, eToro, and HotForex in order to have an in-depth knowledge of the online foreign exchange. Browse through these sites and read their guidelines about foreign exchange trading, and listen to some tutorial videos. Some of these brokerages have a whole list of information about currency trading which can be extremely helpful for you when making a decision.

Fourthly, find out the basics behind Forex trading online by joining a forum that focuses about foreign exchange trading. These forums are the best place that can provide you with all the knowledge that you need in foreign exchange trading since these are composed mostly of investors who discuss about how to make profits out of foreign exchange trading. A lot of these investors are open on the idea of discussing to you their best kept secrets on how to earn, especially if you are a newbie.

Lastly, sign-up to join a comprehensive training that are being offered by some brokerage firms in your locality. If you”ve got a broker already but are hesitant to train you, then you better find another broker. You will surely not have problems with looking for a broker that could teach you about online Forex trading.

Perhaps the best way to learn currency trading online is to ask some advice from the experts on this field. As they say, experience is the best teacher, so it is best to seek out the help of someone who have experiences since they could give you some inputs about Forex trading. These people are the ones who could best help you to fully understand the concept behind foreign exchange trading, so it is best that you approach them on this.