Category Archives: Mind Setting

What is your goal in life?

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What is your goal in life
WHAT IS YOUR GOALS IN LIFE?

Achieving goals in life is a sign of progress, be it FINANCIALLY, RELIGIOUSLY and OTHER ASPECTS CYCLE of LIFE.

To attain your GOALS in life, you aim higher is a positive OUTLOOK that moves your life FORWARD – a more secure and stable life financially or career advancement. Good career means earnng more salary and benefits package.

The GOALS you are targeting must be SMART.

SPECIFIC – A goal must be specific, not vague. Detailed one and straight to the point. Let say, how much MONEY you will save. When and How are you going to start.

MEASURABLE – Most of your goals can be measured. How, far and near you are achieving it. Usually it is in monetary value. Say saving 600,000 pesos in one year. It means you MUST save 50,000 per month.

ACHIEVABLE – Goals must be attainable meaning goals can be done.

REALISTIC – You can achieve your goals by setting timetable within your ability. If your plan goal is unattainable then it is not realistic.

TIME-BOUNDED – There is a deadline, let say within a year you will be able to finance completing your dream House and Lot. You must be specific too in a month or a year. Set a target.

Good Luck, we want you to be SUCCESSFUL in life financially and career.


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Pros & Cons of Different Trading Styles in the Forex Market

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The Forex Market has literally exploded in growth over the last 10 years as small, retail traders have been granted access to the foreign-exchange market due to the advance in technology and the internet. Prior to the late 1990’s, the Forex Market was the playground of large banks, hedge funds, and very wealthy individuals; however, today a trader can open a retail forex account with as little as $100 and begin foreign exchange trading.

One of the most important discoveries that every trader must experience is finding a trading approach that syncs with his personal psychological and emotional make-up. Many new traders find trading financial markets to be very difficult. Unfortunately, many times new traders are using strategies and trading approaches that are simply not in line with their personal make-up. In this scenario, a trader is going to struggle. There are several pros and cons to each type of trading approach, but a trader must experiment in order to find the trading approach that most aligns with his personality.

Day Trading

Day trading is typically defined as the opening and closing of positions within a single trading day. At the end of each trading session, a day trader is “flat,” which means he has no open positions. Day trading has several advantages. First of all, since positions are open and closed in a single trading session, a day traders is not subject to unforeseen risks such as geopolitical tragedies, natural disasters, etc. For example, if a country president or high ranking official is killed, that news will cause financial markets to go wild. A day trader will be able to close out of his open positions at a small loss, or maybe even a profit. He will never be subject to huge swings against him that are due to unforeseen circumstances.
This type trading is generally more attractive to people that are very aggressive by nature and want to be “in the market” all the time. Unfortunately, there are also some negative aspects of day trading. First of all, transaction costs can tend to be fairly high due to the increased amount of trades. In the Forex Market this is not as big of an issue as it is in stocks and commodities. Also, day trading is very challenging emotionally. Being in front of a screen and watching trades develop against you can be very taxing and stressful. Day trading is commonly regarded as the most stressful type of trading.

Swing Trading

Swing Trading is typically concerned with trading market reversals at swing points on higher timeframes such as the 4 Hour, Daily, Weekly, and Monthly Charts. Swing trading is still considered a short to intermediate-term trading approach, but it definitely has some benefits to day trading. As mentioned, the greatest drawback to day trading is the potential stress and emotional challenge. In swing trading, a trader is more hands off with his positions, which means there is a lower degree of stress. A trader does not have to sit in front of his computer for hours each; instead, he simply needs to monitor the market 30 minutes to 1 hour per day depending on his specific strategy.
However, there are also negatives in the swing trading approach. Most notably, a swing trader will be subject to unforeseen systemic risk events that cause wild and unexpected volatility. A swing trader will oftentimes not be able to get out of positions as quickly as a day trader due to the simple fact he is not sitting in front of his computer all day.
Swing trading is great for those who still have full-time jobs since there is not near as much screen time required.

Position Trading

Position trading is also referred to as a buy and hold trading approach. This type of trading carries much less day-to-day stress than any other type of trading approach, but it can get very stressful if the market makes a big move against you during times of risk aversion. For example, many investors who are position traders got out of the stock market in 2009 at the bottom of the market. Then, in the next few months the market rebounded strongly in their favor. This type of trading requires incredible patience and discipline because a trader must allow a great deal of time for a trade to develop.
Transaction costs tend to be lowest in this type of trading approach due to the simple fact that fewer trades are being executed. The Forex is a great market to position trade. A simple glance at the daily and monthly charts of any major Forex currency pair will reveal that the market has tended to trend very strongly over the last 10 years. Although price could move into a sideways market in the future, the last ten years has proven to very friendly to position traders.


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Five Simple Steps To Make Money Online This New Year

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Most people in a new year make resolutions to make more money and attempt to make money online. However it is also true that a vast majority of people fail to actually make money online. Why is this? Most people in their haste and enthusiasm to make money online go all out and attempt to “try their luck” and go around purchasing advertising to promote and try to sell whatever affiliate program or home based business opportunity that they have with no results to show for it. So not only are they not making money, they are losing money online.

How then can you make money online with any business? While many people tend to try to complicate our lives, this article shows you two steps that you can take today to increase the success of your online business and make you
money online.

Step One: Anyone trying to make money online is trying to sell something. Spend some time writing down who you think your target market is. Many people spend countless hours thinking about the wrong things, like how many people can I get to visit my website and then how many projected sales
you can get. People love to tell you that the internet conversion ratio is about 1% so that out of 100 people visiting your website, you will get one signup or sale. I would say quit believing in numbers. That is putting the cart before the horse. Your conversion ratio will increase once you get targeted visitors to your website. By writing down exactly who you want to target to visit your website, you will know what articles, and what tone of writing your website should take and therefore once the visitor visits your website, he should find what they are looking for and you make money when they either signup or purchase something from your website.

Therefore, when doing online advertisement once you gave analyzed what is your target audience, you can then go to places where your target audience would visit and your conversion ratios will increase. For instance if my website was selling baby shoes, when placing an online
advertisement, I would target the specific audience that I was looking for and place an advertisement in an ezine that targets moms. Spend time writing down who you think your customers will be and then place your advertisement accordingly with the right language that motivates your customers in the right way and you will make money.

Step Two: Next develop a method to track how your ads are doing. Once you can track where your hits are coming from, you can then write down what ads are working and spend more of your monthly advertising dollar there and thereafter make
more money from increased online sales. This is also what people deem by calculating the return on investment for any advertising campaign.

How is this done? Here is the simplest way you can do it for free no matter what you are selling online. Go to one of those free webhosts online and open a free website account. Get a webhost with an easy webpage builder that has the
ability to add a simple html code to your main page.

A good webhost I would recommend is:

http://free.prohosting.com/

Step Three: After signing up for your web host, now go to http://www.statcounter.com and then open a new account. Login and explore your account and look for the part which gives you the code to add to your website. Now leave that page open and go to the next step.

Step Four: Now go to the web host mentioned above and use the web site creation utility and then create a simple page. Now leaving the page creation utility open, copy the code into the page you are creating.

Step Five: Now we want to copy a simple redirect script into the page that you created. This means that any page that looks for the page you created will be redirected to the target website that you are advertising so your customer would not know that your page is redirecting.

Change the url below to the target page and this can be either a sales page or a business opportunity page.

Let us summarize what you have done with your simple webpage. You have created a simple web page with a Java Redirect Script and a Statcounter to track where your hits to your target website are and now you can place your targeted online advertisements and track them to see which
ads are getting your sales and therefore make better use of your advertising dollar to make more money online in whatever business you are in.

Spend some time every month doing some small changes to track your online sales and tweak and test, test and test until you get the sales copy that pulls the best online and then stick to it and advertise in the place that gives you the best return on your investment. Making money on the
internet is thus a highly disciplined process where you test and refine your online advertising campaigns to yield you the best return on investment.

In conclusion, to make money online, you need to focus on your target audience, write ads that meet the needs of your target audience, track the outcome of your ads and constantly make small changes to your advertising copy until you get the best result. Take massive action today in measured steps and you will see that you will start making
money from the internet.

By Joel Teo 2005 All Rights Reserved Globally

http://www.MakeThousandsToday.info

Joel Teo is a work at home business owner and runs the highly successful work at home business opportunity websites and money making.

Make Money online with our Money Making Directory

Work at home Business Opportunity Website

http://www.GlobalProsperity.info

Author: Joel Teo
Article Source: EzineArticles.com
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