As 90-95% of new forex traders lose money within the first 3-6 months this article helps to guide new forex traders by asking 5 questions that the forex trader needs to know prior to back-testing their forex system.
Let us jump right in...
1. What data type are you using (or going to use)?
I know this sounds strange, especially if you have experience from another market such as stocks as their generally is only one type of data source available. However, in the forex market you can have up to 4 different data types: bid, ask, mid and indicative. Each have their own little nuances.
If you would like to know more about the data types then visit the article written about the perils of indicative prices. As this will save me from having to repeat the information again and boring those who've already read it.
So, if you know you have indicative prices then you know you're in for some good results! However, if you have any of the other three you need to be careful on how stop and limit orders are placed.
As an example: If we had bid price history and we were looking to place a buy entry stop at 0830 EST according to the day's high, then we know that the bid price will not accurately reflect what the actual price of our order should be. You would have noticed that if you placed a buy entry stop at the exact same price as that of the day's high you would have entered prematurely - you would have entered 4 or 5 pips before the high or the low of the day was touched (the exact same amount as the spread your broker offers!).
This leads me into the next most important question...
2. What spread is your broker offering on the currencies you are bask-testing?
You need to know this as this can help you set your slippage settings on each currency.
As our example in question 1 pointed out. We found that our buy at the day's high method did not exactly work because we bought at the BID PRICE high, not the ASK PRICE high - the price that we need when we place our order TO BUY.
Therefore, we enter in a slippage setting representing the spread that would be exhibited by this trade on this currency.
But knowing at what price to buy is only half the problem... how do we know what quantity to buy?
3. What margin does your broker offer?
If we know at what price to buy our currency at we need to inform our broker on what quantity to buy to fulfill the order. We only know what quantity to buy by the margin that the brokerage firm offers.
Most brokerage firms offer 100:1 leverage, however, some firms offer mini accounts with 200:1 leverage, others only 50:1 leverage.
Find out the margin required.
4. What restrictions does your broker impose?
Now, I don't just mean margin and spread restrictions as I have mentioned above. These are important in their own right, what you need to find out are the details.
This is probably the most important question of all as the fine line between success and failure can be found in the details. Now you can have this questioned by one of two ways:
1. You can find out through experience (generally the most expensive way unless done through the demo account!); or
2. You ask your broker (the cheapest and best way).
Why is this so important? I hear you ask. Well let's say you have a system that trades any gaps that might form on Sunday at 1700 EST, but your broker does not open until 1730 EST. You either need to factor this restriction in to your system, or move onto another system completely. Or, you may have a system that has 10 pip stops, but you find out that your broker will only let you place 15 pip stops from your initial entry price. Once again you will need to change your system to see whether it still performs well, or throw out your system (or change your broker)!
In fact one of the most devastating restrictions imposed by FXCM is that they do not accept stop entry orders if price never happens to trade at your entry stop price! FXCM will honor and "take the loss" of your OPEN stop positions, but if the liquidity is not there and price has shot straight through your stop price then you will miss out. This can have disastrous effects on your system results as you are left wondering on trades where you made good returns - "Would FXCM have got me in?". You may want to read of some of the quirks I use when placing entry stop orders on FXCM that could be of huge benefit to you to help you possibly get around this problem.
The restrictions by your broker are only half your systems' success, you also need to find out about another more important restriction... yourself. This leads me to the final point...
5. What restrictions do you have?
This is a vitally important question. Most people test their systems and fall in love with the results but find when they trade their system they have lost their account and that most of the best signals occurred while they were sound asleep!
As the forex market is a 24 hour market, you need to put into place restrictions in your system that will be realisticly conducted by you during the course of a normal trading day. There is no use operating a trailing stop method that changes your stop points during times when you are asleep and cannot possibly do so.
I hope this article has made you aware of some of the important things that need to be known prior to testing your system.
Article written by Ryan Sheehy from Currency Secrets.com. Where you will find reviews on forex data vendors, signal providers, brokers, and popular forex resources, along with more quality articles... all for f*ree!
Article Source: http://EzineArticles.com/?expert=Ryan_Sheehy
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Kamis, 05 Maret 2009
Sabtu, 28 Februari 2009
How Do You Find Startup Capital, So You Can Start Forex Trading
What if you have confidence in your abilities, but not enough money to fund your ambitions? Many traders that have succes in paper trading find themselves ready to trade, but wihtout the ammunition to enter the battle. One of the best ways to obtain some quick cash is to sell some of your toys, gadgets and other itmes that you may own but very seldom or almost never use. You can auction them on ebay.com and a few days later you may have a few hundred extra dollars that you didn´t count on. You´ll want to avoid borrowing off your credit cards. It´s too risky and costs are too high. If you lose, you´ll have to repay that money with 18%-20% rate of interest.
If you have decided to borrow money for your startup trading capital, the best way to do so is to use personal line of credit. You will pay much less interest and there is no minimum payment other than theh accumulated interest for each month. Obtain the money you need with the minimal amount of interest. If you can´t afford it without risking your daily expenses, you don´t do it. Better safe than sorry, is the mantra you`ll want to follow when weighing your startup capital risk.
Steven Feder
please visit
http://www.forexsimplesystem.com
Article Source: http://EzineArticles.com/?expert=Steven_Feder
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If you have decided to borrow money for your startup trading capital, the best way to do so is to use personal line of credit. You will pay much less interest and there is no minimum payment other than theh accumulated interest for each month. Obtain the money you need with the minimal amount of interest. If you can´t afford it without risking your daily expenses, you don´t do it. Better safe than sorry, is the mantra you`ll want to follow when weighing your startup capital risk.
Steven Feder
please visit
http://www.forexsimplesystem.com
Article Source: http://EzineArticles.com/?expert=Steven_Feder
Read More..
Rabu, 25 Februari 2009
The Painful Truth
This is one of the most thought provoking and powerful letters for some of you that you’ll ever read, why? Because we are fed up and not scared to get out in the open what a mess the whole industry of MLM is. - The letter is a little long, but don’t let that stop you from reading it. You should read this now because it will save you thousands of dollars or better yet make you thousands of dollars right now.
Grab a cup of java or your favorite beverage and take the time right now to read this thoroughly. I hope you enjoy it and the light comes on for you. Then click on our link at the end of this email and find out how you can change your financial life forever.
If you're looking to achieve financial freedom from home, specifically through a "MLM" or network marketing opportunity, you're in for a rude awakening my friend.
If you're already in that trench, fighting with every breath you've got for much less money than it's worth, it's not your fault... The times have changed.
What we're about to share with you right now may anger some, but will help countless others.
You see, the industry is changing rapidly and the purpose of this is to warn you, or at least make you aware of some very unsettling insights that need your immediate attention if you plan to make more than $10,000/mo from home.
Whatever you do, read this document thoroughly. We took out every sentence that wasn't relevant to keep the length as short as possible, so if it's in this letter, consider it information that is absolutely vital.
Now we're going to go ahead and assume that you’re either pursuing a home business of some kind right now, or that you have pursued one in the past. If you’re in neither group, then consider yourself extremely fortunate, as the information in this letter will save you years of blood, sweat, tears, and money.
So what's going on?
Well, in a nutshell, the promises of old-school MLM and "life-long" residual income are all but dead for the average person. They have been cut down at the knees by an unlikely culprit whom I’ll reveal to you in a minute.
I know you’ve seen the symptoms. In fact, I guarantee they are plaguing your organization at this very moment… But what you might not understand or give proper respect to is the cause behind them.
My Questions to You Are These:
* Is your organization being depleted by constant attrition?
* Is your downline full of complaining reps that need constant handholding?
* Are you tired of working your tail off for a few hundred or few thousand dollars when you feel like you should be making ten times more for your efforts?
* Sick of the "gotcha" comp plans that cut your check in half with the "get 3, who get 3, who get 3", structure requirements?
I hear you friend… And You’re not the only one.
Right now, network marketing is in a struggle to find itself in a time where people leave as fast as they join, the cost to sign a new rep has sky-rocketed, and when "newer, bigger, and better" dominates the landscape which basically means…
Trying To Build A Downline In The Internet Age is Like Trying To Fill A Leaking Bucket.
You can get ahead of the curve for a while if you have the time, money, and energy, but it’s only a matter of time before it will drain dry.
Yes, it's a brave new world for network marketers, but fear not…
In an industry where hype and the pre-launch have become the norm, a growing trend is quickly gaining popularity with professional networkers who are sick of the 3-ring circus MLM has become.
It’s A Concept Called G.P.T., And It’s Going To Play A Major Role In Networking From
This Point Forward.
No, G.P.T. is not a company. It’s not an opportunity, and it’s not a product or system of any kind.
It’s an answer. A solution to tiny checks, leaking downlines, and the "quick turn" mentality that has taken over MLM.
It will allow you to put tens-of-thousands of dollars of cash into your pocket in weeks and months… Not years. But the best part about G.P.T. is that you won’t even have to build a downline.
MLM as You Know it is Dead…And the Internet Killed It.
Network marketing has always been based on the idea of working for 3-5 years and building a life long residual income that you can will to your grandkids.
Sounds good… And it may have been true at one time, but not today. Not anymore. Now, now… I’m not insane. I promise. Let me show you what I mean by such a (true) statement...
Stand with me for a moment atop our private mountain, and look out over the entire network marketing industry… It’s not pretty, but in a phrase here is what you’ll find:
Herds to the Slaughter Houses.
A finite group of people who are traded like cattle from one company to another every 9 to 12 months. They were once called junkies, but the infection has spread to people above that description.
Network Marketing has become obsessed with "timing", "pre-launches", and "the next big thing", but the cause behind that obsession is what truly scares me. I’ll explain why shortly, but all you need to realize is that…
Pandora’s Box has been opened and we will never be able to close it.
Why? What’s causing this gruesome condition?
The Answer Is Simple…
The number of new people coming into MLM each year is now drastically out of proportion with the number of new company start ups.
Thousands of new MLM’s launch every year thanks to the internet. You can literally start your own company from your bedroom if you want.
But there are only so many people to go around.
Welcome to the world of the Pre-Launch. A company’s only chance to catch the attention of networkers, and steer them away from their current opportunity with the promise of "getting in on the ground floor."
Before you know it, the game has started AGAIN. This time around a company that promises to be the biggest and best with their new-patented Wonder Vitamin 2000 that will change the world.
Networkers inevitably flock to it by the ten’s of thousands trying to "get in on top".
And if they don’t, it doesn’t matter because another shiny new MLM will launch in about 9-12 months, and when it does, and the music stops, the people at the bottom scramble to find their seat in the chain, destroying their old company from the bottom up in the process.
This has resulted in a vicious catfight between these companies over a dwindling supply of warm bodies, complete with name-calling, backstabbing, and an endless supply of lawsuits.
Make no mistake about it… In network marketing, people are the commodity that is traded, and YOU are very valuable.
The "B-Zone" is Gone and Took Your Residual Income With It!
Before the Internet, organizations and companies were protected by an information buffer zone, which shielded them from this onslaught of people, opinions, competitors, and ads.
It’s this buffer zone that allowed relationships to be built, skills to be learned, and loyalties to strengthen.
But the Internet destroyed it in the blink of an eye.
It happens all the time...
You're sitting pretty on top of a fairly large organization. You think you've finally found that "residual" pot of income gold at the end of the rainbow.
You're making about $20,000 a month. You quit your job 5 months ago, bought a new house, that new sports car you've always wanted, and paid off all your debt. Life is good...
Then one day, the company changes their compensation plan just a little bit. One of your leaders is NOT happy about it. They decide to move to another company, and with one click of a mouse... With one single email to his list of a few thousand recipients upline, downline and sideline... He basically destroys dozens of people's businesses, cutting their checks in half or even worse...
Including yours.
The income you're relying on to pay the mortgage, invest for retirement, and put your kids through school literally vanishes overnight.
If something similar to this scenario hasn't happened to you yet... It will.
It's a sobering thought when you realize that your lively-hood in an MLM business is completely dependent upon strangers you've never met.
You don't know their long-term plans. You don't know about their family problems, and you don't know what they'll do next, yet your check is dependent upon them and thousands of others just like them because you simply cannot earn a full-time living on your own personal efforts with an MLM compensation plan. It's not designed for that.
This wasn't a problem in the past, but it is today.
You see the Internet is a tool that allows communication at a level that has never been seen by the world before, where opinions, rumors, promotions, and advertisements can now spread across the globe faster than you can blink your eye.
Massive revenues can be gained or lost in days for a company with nothing more than a well placed negative opinion report on the search engines.
False rumors or leaders who jump ship can destroy Downlines overnight.
Distributors have instant access to an endless supply of tools, systems, leaders, training, opinions, and sales pitches which continuously plant seeds of doubt, and distract them with promises of better, faster, and easier.
Competing ads can be flaunted on the very doorstep of a company’s search engine results.
And There’s Nothing You Can Do About It.
The very moment your new distributor feels frustration… Feels trapped… Feels failure… He or she will instantly open up to the endless supply of alternatives filling their inboxes on a daily basis with the very thing that will cure their pain – and ‘poof’ they are gone.
There is no long-term commitment because networkers are only as loyal as his or her options, and thanks to the Internet, their options are now endless and one click away.
If you’re a leader in the industry, you know exactly what I’m talking about and from this point forward, it’s never going to stop.
For better or worse, this is the new reality of network marketing.
How The Game Is Played Today:
The first and most critical observation to note is that the very economics of MLM are changing. The cost of sponsoring a new rep in the cold market continues to spiral upward, while the actual return and "life time value" of that rep continues to decline.
We are faced with the fact that…
Full page ads in an industry magazine that cost $500 eight years ago, now costs $3,000.
Email marketing is dead, and the ability to advertise in a massive, targeted, and affordable way died with it.
You will be forced to recruit everyday for the lifespan of your business just to combat the constant attrition that will plague your organization.
The all-important practice of retailing has become taboo, putting 90%+ of the focus and attention of the business on recruiting instead of customer acquisition which is where the long-term, stable money is found.
The industry holds less and less appeal to the white-collar business professional who has a hard time seeing how he/she’s going to quickly replace a six-figure income peddling vitamins and fruit juice.
Instead of focusing on the development of personal skills and a single system, an "I’ll try this for a few weeks", lottery mentality for lead sources, websites, and magical tools that will "build the business for you", has taken over.
Systematic team training has become next to impossible as new systems pop up from different leaders within the same company every 30 days, which promise to be the answer for the struggling newbie.
So What Now?
Well that’s the million-dollar question isn’t it?
You know… I have to be honest. There is no right or wrong answer.
It really all depends on what you personally want out of your business, and if you’re willing to deal with the negatives that come with an MLM these days.
If you’d like to build a new business every 9-24 months… Hey… Go for it. There’s LOTS of money to be made quickly in MLM right now. It’s just not going to last anywhere near as long as it used to and you’ll probably find your business receding just as fast as it grew.
As for us, that kind of merry-go-round has no appeal because we've cut through the hype and come to a sobering conclusion...
It doesn’t matter what company you build in MLM. You're going to face the same challenges we just mentioned above in all of them. The industry itself has changed, and you're never going to find a single product or compensation plan that will fix it.
No…
I’m sorry to say, but the promise of life-long residual income is all but gone. There’s the rare 1 in 1000 exception, but as a whole, Network Marketing has turned into a 3-ring circus of "quick-turn" building driven by greed, hype, and fear of loss where only the true, incredibly skilled professionals can reliably make any significant amount of money.
We're tired of the jumping, the attrition, the rumor control, the baby-sitting; having to explain why one opportunity is better than another. Dealing with prospects that think $300 to start a business is too much money… Seriously…
It’s just not worth our time, it’s not fun, and we know for a fact that a quickly growing list of industry professionals are coming to the same conclusion which is opening the door to the concept of G.P.T.
If You’d Like To Make More Money Faster Without The Financial Risks Of A Downline, G.P.T Is The Answer You’ve Been Waiting For.
It’s actually been around a few years already, but G.P.T. is quickly becoming THE solution for the challenges facing network marketers in the Internet age.
G.P.T. stands for: "Get Paid Today", which is a concept that summarizes the growing change of focus in the MLM industry from a long-term residual income, to immediate leveraged income.
The Premise Of Get Paid Today Is Simple:
If networkers are going to bounce around from program to program… If competing companies are going to advertise on your front door with a "better/cheaper" product, and if the cost of sponsoring a new rep continues to soar, then the answer is simple:
Get paid a year or more worth of residuals on Day One no matter what happens.
Look… In the age of the Internet, distributors come and go like the wind, so get Paid Today.
"Bigger and better" opportunities launch every six months, taking a piece of your downline with it, so Get Paid Today.
Money is worth more in your pocket today than it is next year, so Get Paid Today and invest that cash into real residual income streams outside the MLM circus like real estate or the market.
It costs more than ever to advertise and sponsor a new rep, so Get Paid a year or more of residual income Today, instead of waiting for the $5.00 commissions to roll in over months or years.
Most networkers are only employee minded people pretending to be entrepreneurs, which means they'll rarely do what it takes to be successful, so Get Paid Today for your time and training whether they build a business or not.
White collar professionals aren’t interested in working 3-4 hours a night selling vitamins for a $500 - $1,000 check, so offer them a vehicle that they can Get Paid Today, and realistically make $10,000/mo within just 5 to 10 customers a month.
Building a MLM that pays out $10,000 per month requires building a downline of thousands. Get Paid Today and make $10,000 with just 10 customers or less.
Do you see how profound this concept is in today’s MLM environment? How it solves all of the problems network marketers are facing?
This compressed and rapid flow of income also brings the dream of "working from home" to reality in a realistic manner for the average person.
G.P.T. Models Are Currently Found In "Top Tier" Opportunities.
We call them "Top Tier" because of the caliber of people they attract, and the high-level incomes they can produce compared to traditional MLM.
Most, (but not all), are characterized by a "Two-Up" compensation plan, a product or service that is retailed in the $1,500-$12,000 range, and pay out a $1,000 to $9,500 up-front commission on the sale of that product or service.
One of the primary objections made by networkers against Get Paid Today, Top Tier programs is that there’s no residual income.
But Is That True?
Well as this business model develops, residual income has been integrated into several compensation plans already, but there's another angle that needs to be considered regardless of that...
When you make a $1,000 commission, it's like you’re getting paid a year’s worth of residuals up front on Day One with a product purchase, whether the new rep goes on to build a business or not.
How large of an organization would you have to build in order to make $4,000/mo in a traditional MLM?
500? 700? 1,500? 2,500?
Pick a number and then double it because 50% of your people will cancel their product orders within 3 months.
What will you do when, (not if); one of your leaders walks out for another deal and takes half your team with them overnight?
We all know darn well that only 1 in 500+ will ever go on to build a team of over 500 reps, yet we’re all selling an "easy way to work part-time and replace your full-time job".
B.S. You know it. I know it.
How many customers would you need in a Top Tier program to make $4,000/mo…? Drum roll please………… 4.
One customer a week to make an extra $48,000 a year, and that doesn’t even figure in the leverage of the actual compensation plan which can multiply that number by a factor of 10 or $480,000 per year with just 1 new customer per week. (We'll actually show you these numbers in detail in just a few minutes).
That my friends, is an honest sell when you offer to provide someone with a vehicle to replace their income.
The bottom line is that in today’s MLM environment, you must make enough from your personal activity to justify your time and involvement, because you’ll just continue to spend more money than you make if you don't.
That leads us to another important consideration when it comes to "residual income"...
Get Paid Today Because That Money Is Worth More Today.
Consider this for a moment… Let’s say that you work your tail off for a year and build up an MLM business that paid you an average of $3,000 a month residually for the next 3 years. That’s a total payout of $108,000 paid out over 3 years. This will never happen because you'll experience attrition and that check will shrink each month, but we'll go ahead and stick with that number anyway to keep things simple.
So $3,000/mo for 3 years... Not bad, but is that really the smartest route to go?
Or would it be better to work a business that paid out all $108,000 in the first 12 months without the "residual"?
I think so… Why? Because that money is worth more today than it will be in 3 years.
Now you can take that $108,000 and invest it in REAL, long-term residual assets like real-estate, mutual funds, stocks, etc…
I’d rather have $108,000 invested into real estate or a mutual fund than siphon off $3,000 a month for 3 years (especially when I know that money can disappear over night if one of my leaders jumps ship).
Heck, if you want the "illusion" of residual income, take the $108,000 made in 12 months, put it into a money market account, and then instruct your bank to transfer $3,000 of it into your checking account each month.
No disappearing downline or dipping sales volume to worry about, and at least you can make some interest on it for a few years.
Get Paid Today. Why wait on $5 Mickey Mouse commissions to drip in when you have no idea how long it will last? Get a year or more of that money up front on Day One, and then do some real damage with it outside MLM.
Which Costs More: A Top Tier Opportunity, Or Traditional MLM?
The second common objection to Top Tier programs is the start-up costs are "too high".
Actually, they are much less expensive than a traditional supplement based MLM. The average start-up cost and monthly auto-ship order for a traditional MLM is about $200. That comes out to $2,500+ a year when you factor in taxes and shipping.
A Top Tier program is usually a one-time expense. One time, and you’re done.
By the time you hit your third year in traditional MLM, you’ve spent over $7,500 on vitamins you could have purchased for 70% less at a local store!
Holy smokes! So if you've been in MLM about seven years now, you’ve spent over $17,500 on products! Ouch!
Yet, your total cost for a Top Tier after seven years would have never gone passed the average $1,500 cost of the product or service. But, we’re not done yet…
There is another benefit to Top Tier programs. It’s not very obvious at first, but something you will come to appreciate if you don't already…
Work With Experienced Peers And Keep Your Business FUN!
Are you at a point in your MLM career where you just feel burnt out working with people who are brand new to the industry? The one’s who "claim" they want to be financially free but as soon as you mention the start-up cost they start making excuses?
Has your downline turned into a massive pool of people who blame you for the fact that they bought a website and some product but aren’t rich yet?
Or has the FUN been stripped from your work at home dreams because all you do is spend your time dealing with whiners, complainers, and excuse makers for much less money than it’s worth?
Well One Perk Of A Top Tier Opportunity, Is That It Attracts Top Tier People.
Who you work with is completely up to you, so work with the highest caliber of people possible:
Peers! Professionals! Do’ers! People who make things happen, not excuses.
It makes all the difference in the world when you get to spend your time recruiting and working with people who are just like you. They love this industry, and they don’t need any convincing.
They already know an investment is required and have no problem with it because they are true entrepreneurs.
Top Tier opportunities attract this type of person because the initial start-up cost scares away the time-wasting, tire-kickers faster than you can blink an eye!
Wouldn’t you like to just work with experienced entrepreneurs? Peers who speak and build with self-confidence. People, who don’t whine, complain, constantly make excuses, or need you to hold their hand 24/7?
People who don’t "need" money or want you to "save" them, but people who have a track record of success and who want a better vehicle to invest their time, money, and efforts into?
With Top Tier opportunities, you don't have to work with thousands or tens-of-thousands to make incredible money.
You only need to work with a handful.
Top Tier Opportunities Pay Out Serious Incomes, So They Attract People Who Like
To Make Serious Money.
We'll assume that you’re an experienced networker who knows what they’re doing.
You know how to advertise. You have good communication and phone skills. You work diligently on your business everyday, and you’re a leader to your team…
And how’s it working out so far?
$50,000/mo checks showing up yet? Do you have the new Mercedes in the driveway? Are you flying First Class and sleeping 5-Diamond Star Resorts? Do you take a cab from the airport to the company convention or a helicopter?
Even if you are now in a Top First Tier Company is your product vaporware? Is it a stand-alone product? Is it some computer software or self development, no money down real estate course, forex training that no one would ever buy unless you SOLD IT to them and there was a money making opportunity attached to it?
By stand alone I mean is it a product that people would buy even if there were not an opportunity to make money with it? Would you be proud to share it with a close friend or family member? If you did would they thank you forever?
Are you tired of losing your team member and everyone they sponsor with your one or two up after they hand you their two training sales? Wouldn't it be nice to retain that person, their whole team and keep them on YOUR TEAM as a partner in your down-line producing $1,000 commissions forever? Can you realistically retire in two years? Does your opportunity have a true residual income that can snow-ball with thousand dollar bills flying up at you from everywhere in your down line without ever losing anyone ever?
Probably not, and it’s not because you aren’t capable or deserving of that kind of success. It’s just that you’re working a 2nd or 3rd tier opportunity that pays out less money for the same amount of work, and attracts people whose goal is to earn $300 - $5,000 a month… Not $30,000 to $100,000 per month.
Are you are working first tier 1up or two up and losing people after they give you their training sale(s). If you sponsored me what would I mean to you after I gave you my required training sales? $0.00 Exactly.
Systems Work, People Fail ... It's That Simple!
Are you tired of pounding the phone for hours on end each day? Wouldn't you rather have serious folks who are willing to pay you $50.00 just for the privilege of talking to you about your top tier program (with a real product)? I know it sounds strange but instead of weeding through 50 to 100 duds to find 5 studs... we have a system in place called The Reverse Funnel System that weeds through the duds and finds the studs with no effort on your part (except advertising) who call you ready to join. I promise you it is true!
We all have the same number of hours in a day so why not use them in a business that pays out BIG instead of small when it doesn't require any more time or effort?
You become as successful as the people you surround yourself with, so why not work with people who truly live lives of luxury instead of people who drive around in mini-vans with "Lose Weight Now, Ask Me How" stickers on the window?
I don’t know about you, but my partners and I got into this industry to earn a massive and stable income, yet we're faced with the fact that traditional MLM just isn’t the opportunity it used to be. Also the other top tiers out there require you to break a big sweat and be a great sales person to make the big bucks. That is why 95% of the new people never make dollar one.
They simply do not have the Reverse Funnel Sales and Recruiting System.
So if this G.P.T. model makes sense to you... and you want to retain everyone and benefit from all of their sales to infinity to the tune of $500 or better yet $1,000 (90% of our sales made)
If you're ready to find a business that will allow you to make $10,000 to $50,000 per month within weeks or months instead of years without the risks or headaches of a downline but instead have a willing high class team all helping each other then I would like to invite you to continue onto our website where you'll have an opportunity to meet our team, The Inner Circle, the fastest growing team in the Premier Top Tier business in the world who can show you...
... 5-10k this week in your pocket…THIS WEEK, PERIOD!
There is one website for you to opt-in to. This will show you how to put $5,000 to $10,000 in your pocket this week. A system that was top secret for years. It is called The Reverse Funnel System. We are the only top tier company who has it. The darling of corporate America out of the dot bomb era became the new Internet Fortune 500 of the 21st century. The secret is now out and it earned $200,000 in 90 days in the first top tier company he went to and that company didn't even have a real product! They had vapor ware or if you prefer fluff ware! He is now with us.
You can experience The Reverse Funnel System for yourself.
http://www.90-day-wealth.com
And for those who are doubting themselves and this model all I can say is: "Please quit sabotaging your success; quit feeling sorry for yourself and learn to seize the moment… For once in your life break the negativity that is keeping you down. Join us today and never give up on your dreams!"
Arthur Larive.
Article Source: http://EzineArticles.com/?expert=Arthur_Larve
Read More..
Grab a cup of java or your favorite beverage and take the time right now to read this thoroughly. I hope you enjoy it and the light comes on for you. Then click on our link at the end of this email and find out how you can change your financial life forever.
If you're looking to achieve financial freedom from home, specifically through a "MLM" or network marketing opportunity, you're in for a rude awakening my friend.
If you're already in that trench, fighting with every breath you've got for much less money than it's worth, it's not your fault... The times have changed.
What we're about to share with you right now may anger some, but will help countless others.
You see, the industry is changing rapidly and the purpose of this is to warn you, or at least make you aware of some very unsettling insights that need your immediate attention if you plan to make more than $10,000/mo from home.
Whatever you do, read this document thoroughly. We took out every sentence that wasn't relevant to keep the length as short as possible, so if it's in this letter, consider it information that is absolutely vital.
Now we're going to go ahead and assume that you’re either pursuing a home business of some kind right now, or that you have pursued one in the past. If you’re in neither group, then consider yourself extremely fortunate, as the information in this letter will save you years of blood, sweat, tears, and money.
So what's going on?
Well, in a nutshell, the promises of old-school MLM and "life-long" residual income are all but dead for the average person. They have been cut down at the knees by an unlikely culprit whom I’ll reveal to you in a minute.
I know you’ve seen the symptoms. In fact, I guarantee they are plaguing your organization at this very moment… But what you might not understand or give proper respect to is the cause behind them.
My Questions to You Are These:
* Is your organization being depleted by constant attrition?
* Is your downline full of complaining reps that need constant handholding?
* Are you tired of working your tail off for a few hundred or few thousand dollars when you feel like you should be making ten times more for your efforts?
* Sick of the "gotcha" comp plans that cut your check in half with the "get 3, who get 3, who get 3", structure requirements?
I hear you friend… And You’re not the only one.
Right now, network marketing is in a struggle to find itself in a time where people leave as fast as they join, the cost to sign a new rep has sky-rocketed, and when "newer, bigger, and better" dominates the landscape which basically means…
Trying To Build A Downline In The Internet Age is Like Trying To Fill A Leaking Bucket.
You can get ahead of the curve for a while if you have the time, money, and energy, but it’s only a matter of time before it will drain dry.
Yes, it's a brave new world for network marketers, but fear not…
In an industry where hype and the pre-launch have become the norm, a growing trend is quickly gaining popularity with professional networkers who are sick of the 3-ring circus MLM has become.
It’s A Concept Called G.P.T., And It’s Going To Play A Major Role In Networking From
This Point Forward.
No, G.P.T. is not a company. It’s not an opportunity, and it’s not a product or system of any kind.
It’s an answer. A solution to tiny checks, leaking downlines, and the "quick turn" mentality that has taken over MLM.
It will allow you to put tens-of-thousands of dollars of cash into your pocket in weeks and months… Not years. But the best part about G.P.T. is that you won’t even have to build a downline.
MLM as You Know it is Dead…And the Internet Killed It.
Network marketing has always been based on the idea of working for 3-5 years and building a life long residual income that you can will to your grandkids.
Sounds good… And it may have been true at one time, but not today. Not anymore. Now, now… I’m not insane. I promise. Let me show you what I mean by such a (true) statement...
Stand with me for a moment atop our private mountain, and look out over the entire network marketing industry… It’s not pretty, but in a phrase here is what you’ll find:
Herds to the Slaughter Houses.
A finite group of people who are traded like cattle from one company to another every 9 to 12 months. They were once called junkies, but the infection has spread to people above that description.
Network Marketing has become obsessed with "timing", "pre-launches", and "the next big thing", but the cause behind that obsession is what truly scares me. I’ll explain why shortly, but all you need to realize is that…
Pandora’s Box has been opened and we will never be able to close it.
Why? What’s causing this gruesome condition?
The Answer Is Simple…
The number of new people coming into MLM each year is now drastically out of proportion with the number of new company start ups.
Thousands of new MLM’s launch every year thanks to the internet. You can literally start your own company from your bedroom if you want.
But there are only so many people to go around.
Welcome to the world of the Pre-Launch. A company’s only chance to catch the attention of networkers, and steer them away from their current opportunity with the promise of "getting in on the ground floor."
Before you know it, the game has started AGAIN. This time around a company that promises to be the biggest and best with their new-patented Wonder Vitamin 2000 that will change the world.
Networkers inevitably flock to it by the ten’s of thousands trying to "get in on top".
And if they don’t, it doesn’t matter because another shiny new MLM will launch in about 9-12 months, and when it does, and the music stops, the people at the bottom scramble to find their seat in the chain, destroying their old company from the bottom up in the process.
This has resulted in a vicious catfight between these companies over a dwindling supply of warm bodies, complete with name-calling, backstabbing, and an endless supply of lawsuits.
Make no mistake about it… In network marketing, people are the commodity that is traded, and YOU are very valuable.
The "B-Zone" is Gone and Took Your Residual Income With It!
Before the Internet, organizations and companies were protected by an information buffer zone, which shielded them from this onslaught of people, opinions, competitors, and ads.
It’s this buffer zone that allowed relationships to be built, skills to be learned, and loyalties to strengthen.
But the Internet destroyed it in the blink of an eye.
It happens all the time...
You're sitting pretty on top of a fairly large organization. You think you've finally found that "residual" pot of income gold at the end of the rainbow.
You're making about $20,000 a month. You quit your job 5 months ago, bought a new house, that new sports car you've always wanted, and paid off all your debt. Life is good...
Then one day, the company changes their compensation plan just a little bit. One of your leaders is NOT happy about it. They decide to move to another company, and with one click of a mouse... With one single email to his list of a few thousand recipients upline, downline and sideline... He basically destroys dozens of people's businesses, cutting their checks in half or even worse...
Including yours.
The income you're relying on to pay the mortgage, invest for retirement, and put your kids through school literally vanishes overnight.
If something similar to this scenario hasn't happened to you yet... It will.
It's a sobering thought when you realize that your lively-hood in an MLM business is completely dependent upon strangers you've never met.
You don't know their long-term plans. You don't know about their family problems, and you don't know what they'll do next, yet your check is dependent upon them and thousands of others just like them because you simply cannot earn a full-time living on your own personal efforts with an MLM compensation plan. It's not designed for that.
This wasn't a problem in the past, but it is today.
You see the Internet is a tool that allows communication at a level that has never been seen by the world before, where opinions, rumors, promotions, and advertisements can now spread across the globe faster than you can blink your eye.
Massive revenues can be gained or lost in days for a company with nothing more than a well placed negative opinion report on the search engines.
False rumors or leaders who jump ship can destroy Downlines overnight.
Distributors have instant access to an endless supply of tools, systems, leaders, training, opinions, and sales pitches which continuously plant seeds of doubt, and distract them with promises of better, faster, and easier.
Competing ads can be flaunted on the very doorstep of a company’s search engine results.
And There’s Nothing You Can Do About It.
The very moment your new distributor feels frustration… Feels trapped… Feels failure… He or she will instantly open up to the endless supply of alternatives filling their inboxes on a daily basis with the very thing that will cure their pain – and ‘poof’ they are gone.
There is no long-term commitment because networkers are only as loyal as his or her options, and thanks to the Internet, their options are now endless and one click away.
If you’re a leader in the industry, you know exactly what I’m talking about and from this point forward, it’s never going to stop.
For better or worse, this is the new reality of network marketing.
How The Game Is Played Today:
The first and most critical observation to note is that the very economics of MLM are changing. The cost of sponsoring a new rep in the cold market continues to spiral upward, while the actual return and "life time value" of that rep continues to decline.
We are faced with the fact that…
Full page ads in an industry magazine that cost $500 eight years ago, now costs $3,000.
Email marketing is dead, and the ability to advertise in a massive, targeted, and affordable way died with it.
You will be forced to recruit everyday for the lifespan of your business just to combat the constant attrition that will plague your organization.
The all-important practice of retailing has become taboo, putting 90%+ of the focus and attention of the business on recruiting instead of customer acquisition which is where the long-term, stable money is found.
The industry holds less and less appeal to the white-collar business professional who has a hard time seeing how he/she’s going to quickly replace a six-figure income peddling vitamins and fruit juice.
Instead of focusing on the development of personal skills and a single system, an "I’ll try this for a few weeks", lottery mentality for lead sources, websites, and magical tools that will "build the business for you", has taken over.
Systematic team training has become next to impossible as new systems pop up from different leaders within the same company every 30 days, which promise to be the answer for the struggling newbie.
So What Now?
Well that’s the million-dollar question isn’t it?
You know… I have to be honest. There is no right or wrong answer.
It really all depends on what you personally want out of your business, and if you’re willing to deal with the negatives that come with an MLM these days.
If you’d like to build a new business every 9-24 months… Hey… Go for it. There’s LOTS of money to be made quickly in MLM right now. It’s just not going to last anywhere near as long as it used to and you’ll probably find your business receding just as fast as it grew.
As for us, that kind of merry-go-round has no appeal because we've cut through the hype and come to a sobering conclusion...
It doesn’t matter what company you build in MLM. You're going to face the same challenges we just mentioned above in all of them. The industry itself has changed, and you're never going to find a single product or compensation plan that will fix it.
No…
I’m sorry to say, but the promise of life-long residual income is all but gone. There’s the rare 1 in 1000 exception, but as a whole, Network Marketing has turned into a 3-ring circus of "quick-turn" building driven by greed, hype, and fear of loss where only the true, incredibly skilled professionals can reliably make any significant amount of money.
We're tired of the jumping, the attrition, the rumor control, the baby-sitting; having to explain why one opportunity is better than another. Dealing with prospects that think $300 to start a business is too much money… Seriously…
It’s just not worth our time, it’s not fun, and we know for a fact that a quickly growing list of industry professionals are coming to the same conclusion which is opening the door to the concept of G.P.T.
If You’d Like To Make More Money Faster Without The Financial Risks Of A Downline, G.P.T Is The Answer You’ve Been Waiting For.
It’s actually been around a few years already, but G.P.T. is quickly becoming THE solution for the challenges facing network marketers in the Internet age.
G.P.T. stands for: "Get Paid Today", which is a concept that summarizes the growing change of focus in the MLM industry from a long-term residual income, to immediate leveraged income.
The Premise Of Get Paid Today Is Simple:
If networkers are going to bounce around from program to program… If competing companies are going to advertise on your front door with a "better/cheaper" product, and if the cost of sponsoring a new rep continues to soar, then the answer is simple:
Get paid a year or more worth of residuals on Day One no matter what happens.
Look… In the age of the Internet, distributors come and go like the wind, so get Paid Today.
"Bigger and better" opportunities launch every six months, taking a piece of your downline with it, so Get Paid Today.
Money is worth more in your pocket today than it is next year, so Get Paid Today and invest that cash into real residual income streams outside the MLM circus like real estate or the market.
It costs more than ever to advertise and sponsor a new rep, so Get Paid a year or more of residual income Today, instead of waiting for the $5.00 commissions to roll in over months or years.
Most networkers are only employee minded people pretending to be entrepreneurs, which means they'll rarely do what it takes to be successful, so Get Paid Today for your time and training whether they build a business or not.
White collar professionals aren’t interested in working 3-4 hours a night selling vitamins for a $500 - $1,000 check, so offer them a vehicle that they can Get Paid Today, and realistically make $10,000/mo within just 5 to 10 customers a month.
Building a MLM that pays out $10,000 per month requires building a downline of thousands. Get Paid Today and make $10,000 with just 10 customers or less.
Do you see how profound this concept is in today’s MLM environment? How it solves all of the problems network marketers are facing?
This compressed and rapid flow of income also brings the dream of "working from home" to reality in a realistic manner for the average person.
G.P.T. Models Are Currently Found In "Top Tier" Opportunities.
We call them "Top Tier" because of the caliber of people they attract, and the high-level incomes they can produce compared to traditional MLM.
Most, (but not all), are characterized by a "Two-Up" compensation plan, a product or service that is retailed in the $1,500-$12,000 range, and pay out a $1,000 to $9,500 up-front commission on the sale of that product or service.
One of the primary objections made by networkers against Get Paid Today, Top Tier programs is that there’s no residual income.
But Is That True?
Well as this business model develops, residual income has been integrated into several compensation plans already, but there's another angle that needs to be considered regardless of that...
When you make a $1,000 commission, it's like you’re getting paid a year’s worth of residuals up front on Day One with a product purchase, whether the new rep goes on to build a business or not.
How large of an organization would you have to build in order to make $4,000/mo in a traditional MLM?
500? 700? 1,500? 2,500?
Pick a number and then double it because 50% of your people will cancel their product orders within 3 months.
What will you do when, (not if); one of your leaders walks out for another deal and takes half your team with them overnight?
We all know darn well that only 1 in 500+ will ever go on to build a team of over 500 reps, yet we’re all selling an "easy way to work part-time and replace your full-time job".
B.S. You know it. I know it.
How many customers would you need in a Top Tier program to make $4,000/mo…? Drum roll please………… 4.
One customer a week to make an extra $48,000 a year, and that doesn’t even figure in the leverage of the actual compensation plan which can multiply that number by a factor of 10 or $480,000 per year with just 1 new customer per week. (We'll actually show you these numbers in detail in just a few minutes).
That my friends, is an honest sell when you offer to provide someone with a vehicle to replace their income.
The bottom line is that in today’s MLM environment, you must make enough from your personal activity to justify your time and involvement, because you’ll just continue to spend more money than you make if you don't.
That leads us to another important consideration when it comes to "residual income"...
Get Paid Today Because That Money Is Worth More Today.
Consider this for a moment… Let’s say that you work your tail off for a year and build up an MLM business that paid you an average of $3,000 a month residually for the next 3 years. That’s a total payout of $108,000 paid out over 3 years. This will never happen because you'll experience attrition and that check will shrink each month, but we'll go ahead and stick with that number anyway to keep things simple.
So $3,000/mo for 3 years... Not bad, but is that really the smartest route to go?
Or would it be better to work a business that paid out all $108,000 in the first 12 months without the "residual"?
I think so… Why? Because that money is worth more today than it will be in 3 years.
Now you can take that $108,000 and invest it in REAL, long-term residual assets like real-estate, mutual funds, stocks, etc…
I’d rather have $108,000 invested into real estate or a mutual fund than siphon off $3,000 a month for 3 years (especially when I know that money can disappear over night if one of my leaders jumps ship).
Heck, if you want the "illusion" of residual income, take the $108,000 made in 12 months, put it into a money market account, and then instruct your bank to transfer $3,000 of it into your checking account each month.
No disappearing downline or dipping sales volume to worry about, and at least you can make some interest on it for a few years.
Get Paid Today. Why wait on $5 Mickey Mouse commissions to drip in when you have no idea how long it will last? Get a year or more of that money up front on Day One, and then do some real damage with it outside MLM.
Which Costs More: A Top Tier Opportunity, Or Traditional MLM?
The second common objection to Top Tier programs is the start-up costs are "too high".
Actually, they are much less expensive than a traditional supplement based MLM. The average start-up cost and monthly auto-ship order for a traditional MLM is about $200. That comes out to $2,500+ a year when you factor in taxes and shipping.
A Top Tier program is usually a one-time expense. One time, and you’re done.
By the time you hit your third year in traditional MLM, you’ve spent over $7,500 on vitamins you could have purchased for 70% less at a local store!
Holy smokes! So if you've been in MLM about seven years now, you’ve spent over $17,500 on products! Ouch!
Yet, your total cost for a Top Tier after seven years would have never gone passed the average $1,500 cost of the product or service. But, we’re not done yet…
There is another benefit to Top Tier programs. It’s not very obvious at first, but something you will come to appreciate if you don't already…
Work With Experienced Peers And Keep Your Business FUN!
Are you at a point in your MLM career where you just feel burnt out working with people who are brand new to the industry? The one’s who "claim" they want to be financially free but as soon as you mention the start-up cost they start making excuses?
Has your downline turned into a massive pool of people who blame you for the fact that they bought a website and some product but aren’t rich yet?
Or has the FUN been stripped from your work at home dreams because all you do is spend your time dealing with whiners, complainers, and excuse makers for much less money than it’s worth?
Well One Perk Of A Top Tier Opportunity, Is That It Attracts Top Tier People.
Who you work with is completely up to you, so work with the highest caliber of people possible:
Peers! Professionals! Do’ers! People who make things happen, not excuses.
It makes all the difference in the world when you get to spend your time recruiting and working with people who are just like you. They love this industry, and they don’t need any convincing.
They already know an investment is required and have no problem with it because they are true entrepreneurs.
Top Tier opportunities attract this type of person because the initial start-up cost scares away the time-wasting, tire-kickers faster than you can blink an eye!
Wouldn’t you like to just work with experienced entrepreneurs? Peers who speak and build with self-confidence. People, who don’t whine, complain, constantly make excuses, or need you to hold their hand 24/7?
People who don’t "need" money or want you to "save" them, but people who have a track record of success and who want a better vehicle to invest their time, money, and efforts into?
With Top Tier opportunities, you don't have to work with thousands or tens-of-thousands to make incredible money.
You only need to work with a handful.
Top Tier Opportunities Pay Out Serious Incomes, So They Attract People Who Like
To Make Serious Money.
We'll assume that you’re an experienced networker who knows what they’re doing.
You know how to advertise. You have good communication and phone skills. You work diligently on your business everyday, and you’re a leader to your team…
And how’s it working out so far?
$50,000/mo checks showing up yet? Do you have the new Mercedes in the driveway? Are you flying First Class and sleeping 5-Diamond Star Resorts? Do you take a cab from the airport to the company convention or a helicopter?
Even if you are now in a Top First Tier Company is your product vaporware? Is it a stand-alone product? Is it some computer software or self development, no money down real estate course, forex training that no one would ever buy unless you SOLD IT to them and there was a money making opportunity attached to it?
By stand alone I mean is it a product that people would buy even if there were not an opportunity to make money with it? Would you be proud to share it with a close friend or family member? If you did would they thank you forever?
Are you tired of losing your team member and everyone they sponsor with your one or two up after they hand you their two training sales? Wouldn't it be nice to retain that person, their whole team and keep them on YOUR TEAM as a partner in your down-line producing $1,000 commissions forever? Can you realistically retire in two years? Does your opportunity have a true residual income that can snow-ball with thousand dollar bills flying up at you from everywhere in your down line without ever losing anyone ever?
Probably not, and it’s not because you aren’t capable or deserving of that kind of success. It’s just that you’re working a 2nd or 3rd tier opportunity that pays out less money for the same amount of work, and attracts people whose goal is to earn $300 - $5,000 a month… Not $30,000 to $100,000 per month.
Are you are working first tier 1up or two up and losing people after they give you their training sale(s). If you sponsored me what would I mean to you after I gave you my required training sales? $0.00 Exactly.
Systems Work, People Fail ... It's That Simple!
Are you tired of pounding the phone for hours on end each day? Wouldn't you rather have serious folks who are willing to pay you $50.00 just for the privilege of talking to you about your top tier program (with a real product)? I know it sounds strange but instead of weeding through 50 to 100 duds to find 5 studs... we have a system in place called The Reverse Funnel System that weeds through the duds and finds the studs with no effort on your part (except advertising) who call you ready to join. I promise you it is true!
We all have the same number of hours in a day so why not use them in a business that pays out BIG instead of small when it doesn't require any more time or effort?
You become as successful as the people you surround yourself with, so why not work with people who truly live lives of luxury instead of people who drive around in mini-vans with "Lose Weight Now, Ask Me How" stickers on the window?
I don’t know about you, but my partners and I got into this industry to earn a massive and stable income, yet we're faced with the fact that traditional MLM just isn’t the opportunity it used to be. Also the other top tiers out there require you to break a big sweat and be a great sales person to make the big bucks. That is why 95% of the new people never make dollar one.
They simply do not have the Reverse Funnel Sales and Recruiting System.
So if this G.P.T. model makes sense to you... and you want to retain everyone and benefit from all of their sales to infinity to the tune of $500 or better yet $1,000 (90% of our sales made)
If you're ready to find a business that will allow you to make $10,000 to $50,000 per month within weeks or months instead of years without the risks or headaches of a downline but instead have a willing high class team all helping each other then I would like to invite you to continue onto our website where you'll have an opportunity to meet our team, The Inner Circle, the fastest growing team in the Premier Top Tier business in the world who can show you...
... 5-10k this week in your pocket…THIS WEEK, PERIOD!
There is one website for you to opt-in to. This will show you how to put $5,000 to $10,000 in your pocket this week. A system that was top secret for years. It is called The Reverse Funnel System. We are the only top tier company who has it. The darling of corporate America out of the dot bomb era became the new Internet Fortune 500 of the 21st century. The secret is now out and it earned $200,000 in 90 days in the first top tier company he went to and that company didn't even have a real product! They had vapor ware or if you prefer fluff ware! He is now with us.
You can experience The Reverse Funnel System for yourself.
http://www.90-day-wealth.com
And for those who are doubting themselves and this model all I can say is: "Please quit sabotaging your success; quit feeling sorry for yourself and learn to seize the moment… For once in your life break the negativity that is keeping you down. Join us today and never give up on your dreams!"
Arthur Larive.
Article Source: http://EzineArticles.com/?expert=Arthur_Larve
Read More..
Jumat, 20 Februari 2009
12-Steps to Good Trading - Step 3 - Ego, Risk-Tolerance and Confidence - The Psycho-Enchilada
This step in the 12-steps to good trading will be the most challenging and will take the longest for most people to overcome. It will require the most maintenance over the life of your trading career and it will also be nearly impossible to learn from a short article like this but hopefully I can get you on the right track and help identify some resources and exercises to help.
Ego is really a tough thing for me to write about. I don't fully understand it and apart from my Christian viewpoint it wouldn't make any sense at all to me. Ego is that part of you that you refer to when you say "I." Its part of your soul as opposed to your spirit. Both reside in your body. Its everything you think you are. Your self-concept. It says "I am hungry...I am a winner...I am a loser...I am a Californian...I am a Republican...I am nice...I am clever...I don't believe that...I believe that more than anything...blah blah blah.." It's the inner part of you that is most influenced by the outside world and I believe outside forces as well but I wont get into that unless you ask.
Ego is the part of you that has been shaped over the years or the last five minutes along with your concepts of who you are and how you see yourself in the future. It is the part of you that you display and defend and its also the part of you that keeps you from living in the very now moment.
In step one of this series I emphasized how there are no destructive trading emotions in the very now moment. In the now moment fear cant reside because it is based on images of the future and past. Greed cant reside there either. Well, the thing that blocks easy access to that place is the ego. It always wants center stage. In trading rooms and in sports and everywhere in performance based art, the ego stands out. In trading rooms it presents itself in bottom and top pickers and calling trades from the past and announcing one-sided results. Said plainly, it usually shows up as boasting. The trader who boasts not only doesn't likely think he or she has an ego issue, but they certainly don't recognize that they are led by it. The danger to them in these cases is that they are not market focused but are running their trading business from the part of the self that is most subject to the winds of the world and are linked arm and arm with the most destructive trading emotions they can face (fear, greed & denial). It effects everything from their risk tolerance to their confidence which are the other two pieces of this enchilada so I will move on and tie them together and help you develop a plan to make sure your ego is in check.
The number one issue I see people have when working with them on their trading is not accepting risk. Its normal for us to want to avoid risk and that shows up as the normal thing to do when we come to trade. The trouble is that being normal in trading is being a losing trader and washing out.
Never makes it in trading. We have to be abnormal and take risks. Calculated risks of course and that is where having a system or method comes into play but it goes beyond that. Lets just assume you will have a method of approaching the market that will put the odds in your favor and that you will work at it and know how to use it. We also have to have very clear and realistic concepts about what trading is and align our expectations with reality. It is not something you can realistically try and squeeze in to your summer vacation and learn in a few weeks so you don't have to go back to work. Some of you are saying "yeah, of course not. Who would think that." Well unfortunately, and also understandably so, as the marketing in the trading education space paints a really rosy picture and more people think that way than you could imagine. Plan on a long learning curve and doing a lot of hard work. Plan on training your focus on learning to trade and not on money or exotic calculations of what-ifs as far as how much you could earn in a year or whatever "normally" comes to your mind. Prepare to be abnormal. We don't think about money much outside the development of our trading plan. If you do think about money then as quick as you earn it in your head you had better give it away in your head or you will be the one giving it away instead of earning it in reality. Again we think abnormally.
Would you want to go to a heart surgeon and have him chopping into you and at the same time thinking about the boat you are buying him on his lake? Or would you rather him keep his now moment eyes on your aorta? For that matter, would you want that same doctor to have had a speedy summer Internet Heart Surgeon degree program or put his time in learning the hard way (at John's Hopkins no less). I know that's not realistic, or at least I sure hope not, but it's the same idea as someone thinking they can speed through the process of learning to trade. After all, the heart is pretty much going to be in the same place give or take a few inches for all of us but the market can and will change daily or even quicker (yes, it at least follows the same structure most of the time).
What does this have to do with risk-tolerance you ask? Well if you choose to trade I just want to make it clear you are taking a big risk. Most wont make it but if you really get these first few steps down and make building a better you a priority along side your chart studies then you have a great chance. Most wont do that though. You are risking the time and chances to do something else more normal and you have to know that.
Now here is the kicker. Most people wont or cant accept risk because they are under capitalized. They can too clearly see the end of the road. You can learn on as little as you want, but it will effect your thinking. Fear and greed will get all over your face or try to anyhow and your ego will get invaded with denial and if you don't take those early steps I have already covered and stay in the now it will be very, very, normal. If however you do train yourself to stay in the now then the capital wont matter as much. I suggest you have at least ten times your margin amount if you want to help quiet fear and greed and be able to accept the risk. Some people need a lot more than that. Whatever amount it would take where you can look at your per-trade maximum loss and think of it about the same as if you misplaced a dollar or bought a raffle ticket from some kid. This is important to understand so if you don't please start a dialogue with me via email so we can go over this more.
Moving on to confidence now, and really each of these could be their own series. I just want you to be introduced to them and make it known that you will have to contend with these things. At the end I will give you some practical ideas for dealing with some of them. Confidence in your trading is important. Both in your system and your ability to operate it. You need confidence that the odds are in your favor if you do what you are supposed to do so that you can accept the risk and put a trade on and let it play out without gripping that poor mouse until it has no life in it. You need this confidence because without it your fear will block you from doing your breathing and getting to the now moment. I hope you can see how these three topics tie together here.
How do we get that confidence? Lots and lots of work. It requires many hours of screen time and replays. Technology now makes it really easy to get the operational side of your system down when there is nothing at risk. That is good even though it doesn't train you much on the more challenging part of trading, which is controlling yourself when it really matters. But replays and simulation are great for just drilling into your head the steps you take when you trade. Its vital that those things are automatic when you do get into live trading. You need the confidence that comes from doing the exact same thing hundreds or thousands of times. This is the same concept that US Marine Corps or other armed forces go through when they drill or train. All of their training is done in conditions that largely not life threatening. I am not sure spy-rigging counts because that just looks downright crazy. But nobody is actually shooting at Marines in training with hostile intent or rather, capability. Those in charge of the training know this and don't belittle it as being "not-real." They make it as real as they can and that's what we need to do in when we simulate trading. When those Marines hit the ground in actual war zones they act automatically. Not because they know the actual beach or woods or desert or towns but because they know how to move together towards an objective as they have done countless times in training.
I grew up around people just like that and have seen the payoffs and that is why it is so important to me to train thoroughly in my trading and also important that you do the same. Confidence comes from that and from the translation of that training into real live success in the markets. Plan on being abnormal here as well. Most wont do this.
Ok, now to the battle. The best way to keep your ego in check is to keep quiet until you do have it in check. Its not about you. Concentrate on becoming a listener. The next time you are in a conversation with your wife or husband or whoever, try and just listen. If you are jumping out of you skin because you need to talk then this is an area of struggle for you. If you don't even catch it until later that you went on and on about " I, I, I, me, me, me" then it is a dominant area in your life that needs to be addressed before successful trading will occur. Part of what the ego does is express emotions in packages. If you focus on the breathing and self-awareness techniques of steps 1 & 2 you will get better at getting in the now moment. The thing that deflates the destructiveness of all emotions and the ego is identifying the emotion from the now moment and calling it by its name. So if you feel fear or you feel the ego rising in your own unique pattern then what you do is say it. Say "fear, I see you and you have no power over me." If you are Christian, and I pray that you are, then really let the emotions have it in the name of Jesus. When you operate in the now moment and identify your feelings like that it deflates them. In other words it keeps you in self-control and in the moment and not subject to them. This like anything is a learned skill and will require you to be a good listener to not only others but yourself and what is coming up from inside you. The great thing is that while it deflates negative emotions, staying in control and recognizing positive emotions perpetuates the benefits. Understand me clearly here. I am not talking about visualizing the outcomes of fearful things. I don't want you to mediate on the negative stuff. Just call it by its name and tell it to leave because it has no authority over you. If you make this a habit your life will change like you cant imagine.
Now as far as risk-tolerance goes, you have to raise capital and stay in the now moment along the way. The less money you have the less you can do. Trading something like FOREX at Oanda is probably the best option for you if you are starting with very limited funds because you can trade fractional pips and stay in the game on little for a long time while you learn, but at some point you will have to add capital. Do not set yourself up thinking you will trade your way from $1,000 to millions. If you don't treat your opponents and your business with the proper respect it just wont likely happen for you. You may have a good hobby and learn a lot and that may be great in itself, but until you treat your trading as a start-up business with real capital needs it wont likely prosper. I pray that some of you prove me wrong, and I have seen it done, but they were really abnormal. If you try and do the same I would be as abnormal as you can in the places you can afford to in order to compensate for the very normal idea of starting with nothing or close to it.
Lastly, for confidence, plan on working and building a life of balanced confidence and keeping confidence in check and based on real training. If you find yourself down the road trading and needing layers and layers of confirmation before you take a trade then you drifted away from confidence to some blend of being unconfident and being overconfident. Being unconfident in your system and over confident in your ability to handle it on your own. Needing excess confirmation is like a farmer who says he will plant corn seed just as soon as he sees some tassels. It just wont work that way. He has to plan his crop (develop a business plan), buy his seed (raise his capital), plant it (release some capital), and then let the earth do its thing in its due course so he can harvest (evaluate the results and learn from them). Try and blend some of your personal traits that are strong outside of trading with your trading. If you are a mother or father and somehow are very patient with our kids then have confidence that you can use those same abilities in the market if you stay in the now. If you think about it, that is exactly what you do with your kids if you are one of those people. They make a big mess or if older kids, wreck the car or whatever, and you take a deep breath and just release in an instant all those destructive emotions so that we don't kill them. The same thing we do when we prepare to trade.
Anyhow, I covered a lot. Probably too much for one article but a couple of you probably made it this far. If we end up working together or if we already are then chances are we are already deeper into some of these areas and techniques. We will get to some chart stuff in the next article. Spend the majority of your time in these first three steps though and pick my brain or do whatever it is you need to do to get yourself in a position where you can operate from self-control rather then being dragged through life. There is so much more to say on these mental topics and more so I will write more later. Thanks for listening.
God Bless ~
Ryan
Ryan Watts is a full-time technical trader, money manager, and trading coach with over twelve years experience in short-term trading. For more information on his trading system and live trading room visit http://www.wattstrading.com
Article Source: http://EzineArticles.com/?expert=Ryan_Watts
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Ego is really a tough thing for me to write about. I don't fully understand it and apart from my Christian viewpoint it wouldn't make any sense at all to me. Ego is that part of you that you refer to when you say "I." Its part of your soul as opposed to your spirit. Both reside in your body. Its everything you think you are. Your self-concept. It says "I am hungry...I am a winner...I am a loser...I am a Californian...I am a Republican...I am nice...I am clever...I don't believe that...I believe that more than anything...blah blah blah.." It's the inner part of you that is most influenced by the outside world and I believe outside forces as well but I wont get into that unless you ask.
Ego is the part of you that has been shaped over the years or the last five minutes along with your concepts of who you are and how you see yourself in the future. It is the part of you that you display and defend and its also the part of you that keeps you from living in the very now moment.
In step one of this series I emphasized how there are no destructive trading emotions in the very now moment. In the now moment fear cant reside because it is based on images of the future and past. Greed cant reside there either. Well, the thing that blocks easy access to that place is the ego. It always wants center stage. In trading rooms and in sports and everywhere in performance based art, the ego stands out. In trading rooms it presents itself in bottom and top pickers and calling trades from the past and announcing one-sided results. Said plainly, it usually shows up as boasting. The trader who boasts not only doesn't likely think he or she has an ego issue, but they certainly don't recognize that they are led by it. The danger to them in these cases is that they are not market focused but are running their trading business from the part of the self that is most subject to the winds of the world and are linked arm and arm with the most destructive trading emotions they can face (fear, greed & denial). It effects everything from their risk tolerance to their confidence which are the other two pieces of this enchilada so I will move on and tie them together and help you develop a plan to make sure your ego is in check.
The number one issue I see people have when working with them on their trading is not accepting risk. Its normal for us to want to avoid risk and that shows up as the normal thing to do when we come to trade. The trouble is that being normal in trading is being a losing trader and washing out.
Never makes it in trading. We have to be abnormal and take risks. Calculated risks of course and that is where having a system or method comes into play but it goes beyond that. Lets just assume you will have a method of approaching the market that will put the odds in your favor and that you will work at it and know how to use it. We also have to have very clear and realistic concepts about what trading is and align our expectations with reality. It is not something you can realistically try and squeeze in to your summer vacation and learn in a few weeks so you don't have to go back to work. Some of you are saying "yeah, of course not. Who would think that." Well unfortunately, and also understandably so, as the marketing in the trading education space paints a really rosy picture and more people think that way than you could imagine. Plan on a long learning curve and doing a lot of hard work. Plan on training your focus on learning to trade and not on money or exotic calculations of what-ifs as far as how much you could earn in a year or whatever "normally" comes to your mind. Prepare to be abnormal. We don't think about money much outside the development of our trading plan. If you do think about money then as quick as you earn it in your head you had better give it away in your head or you will be the one giving it away instead of earning it in reality. Again we think abnormally.
Would you want to go to a heart surgeon and have him chopping into you and at the same time thinking about the boat you are buying him on his lake? Or would you rather him keep his now moment eyes on your aorta? For that matter, would you want that same doctor to have had a speedy summer Internet Heart Surgeon degree program or put his time in learning the hard way (at John's Hopkins no less). I know that's not realistic, or at least I sure hope not, but it's the same idea as someone thinking they can speed through the process of learning to trade. After all, the heart is pretty much going to be in the same place give or take a few inches for all of us but the market can and will change daily or even quicker (yes, it at least follows the same structure most of the time).
What does this have to do with risk-tolerance you ask? Well if you choose to trade I just want to make it clear you are taking a big risk. Most wont make it but if you really get these first few steps down and make building a better you a priority along side your chart studies then you have a great chance. Most wont do that though. You are risking the time and chances to do something else more normal and you have to know that.
Now here is the kicker. Most people wont or cant accept risk because they are under capitalized. They can too clearly see the end of the road. You can learn on as little as you want, but it will effect your thinking. Fear and greed will get all over your face or try to anyhow and your ego will get invaded with denial and if you don't take those early steps I have already covered and stay in the now it will be very, very, normal. If however you do train yourself to stay in the now then the capital wont matter as much. I suggest you have at least ten times your margin amount if you want to help quiet fear and greed and be able to accept the risk. Some people need a lot more than that. Whatever amount it would take where you can look at your per-trade maximum loss and think of it about the same as if you misplaced a dollar or bought a raffle ticket from some kid. This is important to understand so if you don't please start a dialogue with me via email so we can go over this more.
Moving on to confidence now, and really each of these could be their own series. I just want you to be introduced to them and make it known that you will have to contend with these things. At the end I will give you some practical ideas for dealing with some of them. Confidence in your trading is important. Both in your system and your ability to operate it. You need confidence that the odds are in your favor if you do what you are supposed to do so that you can accept the risk and put a trade on and let it play out without gripping that poor mouse until it has no life in it. You need this confidence because without it your fear will block you from doing your breathing and getting to the now moment. I hope you can see how these three topics tie together here.
How do we get that confidence? Lots and lots of work. It requires many hours of screen time and replays. Technology now makes it really easy to get the operational side of your system down when there is nothing at risk. That is good even though it doesn't train you much on the more challenging part of trading, which is controlling yourself when it really matters. But replays and simulation are great for just drilling into your head the steps you take when you trade. Its vital that those things are automatic when you do get into live trading. You need the confidence that comes from doing the exact same thing hundreds or thousands of times. This is the same concept that US Marine Corps or other armed forces go through when they drill or train. All of their training is done in conditions that largely not life threatening. I am not sure spy-rigging counts because that just looks downright crazy. But nobody is actually shooting at Marines in training with hostile intent or rather, capability. Those in charge of the training know this and don't belittle it as being "not-real." They make it as real as they can and that's what we need to do in when we simulate trading. When those Marines hit the ground in actual war zones they act automatically. Not because they know the actual beach or woods or desert or towns but because they know how to move together towards an objective as they have done countless times in training.
I grew up around people just like that and have seen the payoffs and that is why it is so important to me to train thoroughly in my trading and also important that you do the same. Confidence comes from that and from the translation of that training into real live success in the markets. Plan on being abnormal here as well. Most wont do this.
Ok, now to the battle. The best way to keep your ego in check is to keep quiet until you do have it in check. Its not about you. Concentrate on becoming a listener. The next time you are in a conversation with your wife or husband or whoever, try and just listen. If you are jumping out of you skin because you need to talk then this is an area of struggle for you. If you don't even catch it until later that you went on and on about " I, I, I, me, me, me" then it is a dominant area in your life that needs to be addressed before successful trading will occur. Part of what the ego does is express emotions in packages. If you focus on the breathing and self-awareness techniques of steps 1 & 2 you will get better at getting in the now moment. The thing that deflates the destructiveness of all emotions and the ego is identifying the emotion from the now moment and calling it by its name. So if you feel fear or you feel the ego rising in your own unique pattern then what you do is say it. Say "fear, I see you and you have no power over me." If you are Christian, and I pray that you are, then really let the emotions have it in the name of Jesus. When you operate in the now moment and identify your feelings like that it deflates them. In other words it keeps you in self-control and in the moment and not subject to them. This like anything is a learned skill and will require you to be a good listener to not only others but yourself and what is coming up from inside you. The great thing is that while it deflates negative emotions, staying in control and recognizing positive emotions perpetuates the benefits. Understand me clearly here. I am not talking about visualizing the outcomes of fearful things. I don't want you to mediate on the negative stuff. Just call it by its name and tell it to leave because it has no authority over you. If you make this a habit your life will change like you cant imagine.
Now as far as risk-tolerance goes, you have to raise capital and stay in the now moment along the way. The less money you have the less you can do. Trading something like FOREX at Oanda is probably the best option for you if you are starting with very limited funds because you can trade fractional pips and stay in the game on little for a long time while you learn, but at some point you will have to add capital. Do not set yourself up thinking you will trade your way from $1,000 to millions. If you don't treat your opponents and your business with the proper respect it just wont likely happen for you. You may have a good hobby and learn a lot and that may be great in itself, but until you treat your trading as a start-up business with real capital needs it wont likely prosper. I pray that some of you prove me wrong, and I have seen it done, but they were really abnormal. If you try and do the same I would be as abnormal as you can in the places you can afford to in order to compensate for the very normal idea of starting with nothing or close to it.
Lastly, for confidence, plan on working and building a life of balanced confidence and keeping confidence in check and based on real training. If you find yourself down the road trading and needing layers and layers of confirmation before you take a trade then you drifted away from confidence to some blend of being unconfident and being overconfident. Being unconfident in your system and over confident in your ability to handle it on your own. Needing excess confirmation is like a farmer who says he will plant corn seed just as soon as he sees some tassels. It just wont work that way. He has to plan his crop (develop a business plan), buy his seed (raise his capital), plant it (release some capital), and then let the earth do its thing in its due course so he can harvest (evaluate the results and learn from them). Try and blend some of your personal traits that are strong outside of trading with your trading. If you are a mother or father and somehow are very patient with our kids then have confidence that you can use those same abilities in the market if you stay in the now. If you think about it, that is exactly what you do with your kids if you are one of those people. They make a big mess or if older kids, wreck the car or whatever, and you take a deep breath and just release in an instant all those destructive emotions so that we don't kill them. The same thing we do when we prepare to trade.
Anyhow, I covered a lot. Probably too much for one article but a couple of you probably made it this far. If we end up working together or if we already are then chances are we are already deeper into some of these areas and techniques. We will get to some chart stuff in the next article. Spend the majority of your time in these first three steps though and pick my brain or do whatever it is you need to do to get yourself in a position where you can operate from self-control rather then being dragged through life. There is so much more to say on these mental topics and more so I will write more later. Thanks for listening.
God Bless ~
Ryan
Ryan Watts is a full-time technical trader, money manager, and trading coach with over twelve years experience in short-term trading. For more information on his trading system and live trading room visit http://www.wattstrading.com
Article Source: http://EzineArticles.com/?expert=Ryan_Watts
Read More..
Sabtu, 14 Februari 2009
Making Money Tomorrow
Every successful dreamer never waves the dictate of today to win the fulfillment of a great tomorrow. The act to pursue tomorrow will turn to money making strategy that can promote better days. I have discovered some secrets of making money for better tomorrow online and offline. Your attention to solve today's problem is the antidote for money making tomorrow. A prepared ground that is cultivated land makes the farmer happier to sow at length and later reap bountiful harvest. Let's consider some secrets facts that initiate tomorrow harvest.
1. Creativity
2. Discovery of opportunity for creativity
3. Strength versus weakness
4. Facing the threats
5. Just take off
6. Seek Out for data
7. By your cloth
Creativity - The Making of Ideas:
The act of making new invention rules the world of civilization. Creativity is the mother of necessity. What we enjoyed today was some people's creativity. To make money online calls for creating of new things to attracts attention to your side. The making of money for tomorrow is a reality of creativity. I sat down one day thinning of what I can do, then I resolve to create software of children stories, songs, educational materials, life Nigerian state profile for students to know which can be installed on Computer. I made it out of my creativity to better tomorrow. Now I have got market for what I created from Private schools in the city. You can be best in one area that you see your self good. Your creativity makes your good best as no one has ever done something like that in your area. Learn to think at least 30 minutes per 2 days ruminating through your environment to see the need and what you can offer to solve the need. I know a man that was jobless for long but later resolved to walk a long the street thinking for what to do and make a living, then he saw that there are a lot of wattages, debris and dirties on the road. He decided to make it modern, he made a wheel barrow in a more decent way and he made himself a uniform and walked through the street to park the debris with a little charges of N5.00 (less than 1 cent). He succeeded as the people in different neighborhood calling for his service and later employed more hands in the business. Now he has got vans with workers working for him and he is making his cool money to enjoy the dreamed tomorrow. There was also man I heard about who was sacked but could not sacked his ability. He went to business of stick meat in which he will dress up in suit and packed the stick meats in a business briefcase to offices, bank, and factories in the city. And now, he has become a great man in the business. Many online business, started through a man's idea. Do you know that idea is part of your being? Failure to create one makes you an impotent and real disability patient. Watch and see what your environment lack and what you can do to make money and solve the problems. Tomorrow will be better for the prepared mind to explore himself as he/ she create new things. Let's see creativity in another perceptive.
The Motivation for Creativity:
Why should anyone seek to be creative? Creativity is full of risks and uncertainties. There is the risk of failure. There is the need to persuade others. There is a need for political skills. It is much better to sit quietly and do what you are supposed to do.
If things are going well, who needs creativity? If things are going badly, then there is no time for the uncertainties of creativity.
If you set out to be creative - and even if you use the powerful tools of lateral thinking - you cannot be sure of a result.
There is a further problem. Every valuable creative idea must always be logical in hindsight - otherwise it would have no value. So it is assumed that logic could have reached the idea in the first place.
This is totally untrue in an asymmetric patterning system like the human brain. But how many people know about asymmetric systems? So executives expect only 'blue sky ideas' from creativity and these are then deemed impractical.
If we regard creativity as an inborn talent which some people have and others do not have, then we just look for creative people.
If we regard creativity as the 'skill' of using information in a patterning system like the brain, then everyone can develop the skill of creativity. To be sure, some people will achieve a higher degree of skill than others - as with any skill - but this is not the same as being naturally creative. People who are not naturally creative might develop a higher degree of skill than those who are naturally creative.
Confidence is a key factor in creative effort. Those who have succeeded in having creative ideas in the past are much more willing to make a creative effort. They know from experience that new ideas are possible. They have experienced the joy and achievement of having a new idea.
How do you build up confidence if school does not encourage creativity, and the workplace does not expect it?
Most people do what is expected of them. The rebellious few do not. That is why we usually associate creativity with a rebellious nature. But it does not have to be like that.
To get creativity into an organization you must make it an 'expectation'. At the end of every meeting, the chair person must allocate the last fifteen minutes to 'anyone who is exploring a new idea'. If no one has anything to say, they are told they are not doing their job. A creative 'Hit List' of areas which need new thinking is produced and made visible to everyone. Executives are expected to work on items from this list - either as individuals or as assigned teams.
The effort to have ideas is key. If new ideas are an expectation, then people will make an effort to have new ideas. Their confidence will grow and eventually there will be a creative organization.
It is also important to learn how to be creative. There is a need to learn the formal skills of lateral thinking which make creativity available to everyone.
Discovery of opportunity for creativity:
A man that discovers ways in the thick forest is known for intelligence. Among the many busy world opportunities, peoples are still making ways, counting fortune for tomorrow. This is one of the basic and secret of the millionaires in our days. Online opportunities are tapped by those who discover. You cannot discover what is not uncovered. Search round your vicinity, online, offline, indoor and outdoor to see widely the opportunity to exhibit your ideas. Do you that an idea that is displayed in a wrong places may attract shame, lose, discouragement, lost of value, chance for recreating by a mindful person, fear and strength to do it again. All these may kill your vision. Learn to study, explore the right channel and ways that will make your creativity earn you money. There are many opportunities online in which I will later share with you to explore your creativity. Be diligent and steady to know when, where and how to launch your idea to make money. Discover opportunity in the hidden ways. Opportunity comes in masquerade and through the back doors. Try to search, browse and shuffle the environment to know your worth as you introduce your ideas to make cool money for better tomorrow.
Strength versus weakness:
Can you just pause for 5 minutes to weigh and evaluate right, your worth, strength that is what you can do best without ant stress or coursing with encouraging reward that even makes you happy and your weakness that is what you find yourself doing but never succeed? This assessment will prove you right or wrong whether your tomorrow is certain of better tomorrow or not. A prepared mind faces the world of business in every side. Do you know that your weakness can still earn you money if you know it?
Knowing it is the first key to success. I discovered that one of my weaknesses is fear to do things thinking that I will not make it right t please the audience or clients. Later I sat down to know why and what to do, thereby I sought for counseling and I knew that fear is just False Expression Appearing Real to discourage me, then I continued to do my work better and even teaching and writing articles on my experience and way out that even making money for me bow. What you know best should lift up your weakness. Do not take your weakness for granted; learn to improve on your weakness as you do that things that makes you weak in a way that will attract wealth to your life. Promote your strength, your ability - writing skill can earn you money on EzineArticles promoter, analyzing potential can be so good in forex trade as you go on to www.forexhub.info to know more, criticizing and selective skills cane sued in surveying site online. Marketing online is still there for highly sensitive market makers. Be strong as you know yourself. Never be discouraged to start though your weakness is there, pick with your strength to win better tomorrow.
Facing the threats:
One of the challenges of the world of business is threat either internal or externally. The mind of business entrepreneur is to face the threat, hold the bull by the horn to win the battle. Tomorrow of a business is known as you prepared to face and manage your threat changing them to opportunity to introduce another channel to make cool money. Do not run away from threat. It is programmed to erupt in the process but be alert to sense its presence so that your plans, idea, schedule and strategy do not collapse suddenly. Be active in what to do and how to do it. Online threats are numerous. Some of them are copying your idea or product without copyright, government policy, spasm, internet pilfering and others. Seek advice always on what you are about to do both with its opportunity exploit and threat challenges. For businesses that speculate the future will stand its toes to combat threat.
Just take off:
Like an aircraft that opts for high level space travel must surely take off to fly, so also is the analogy for business entrepreneur who wants money tomorrow. Just start to do what you plan is the first strategy before any other can follow. You may have ideas like sea shore sand but never before worth that will appreciate to money value until you start to do it. Let me say that the business idea is money in the air that has no physical body to hold. If you fail to take, you keep on moving oscillatory in a point for the whole day. What makes your intelligence to be diligence is your first attack to start the deal of your plan no matter what may come your way in the process.
Seek Out for Data:
The master of all knowledge is yet to survive. All secrets to better business for good tomorrow is based on the facts and figures taking from others sources to make up your own idea. Ready to listen, embrace and search for relevant information that will boast you're the strength of your strategy. A seasoned data collection makes a business prospers. Intelligence facts on the ways to negotiate, articulate, and management your finance must be acquired. Making money tomorrow calls for seeking for correct, current and relevant information that will soften your pedal for greater high of profit making business.
By your cloth:
Among all circumstances that surround business enterprises, making out with your cost ability is very much paramount. Many entrepreneurs had ruined a futuristic business with the anxiety to start big for great profit. No man gets the top of skyscraper without passing through staircase or lift. Make your business plan in accord to your present worth and do not compare your with others, this may kill your expectation. Be personal and realistic in your launching out. Let your coat be by your cloth.
http://www.forexhub.info
Article Source: http://EzineArticles.com/?expert=Allen_Olatunde
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1. Creativity
2. Discovery of opportunity for creativity
3. Strength versus weakness
4. Facing the threats
5. Just take off
6. Seek Out for data
7. By your cloth
Creativity - The Making of Ideas:
The act of making new invention rules the world of civilization. Creativity is the mother of necessity. What we enjoyed today was some people's creativity. To make money online calls for creating of new things to attracts attention to your side. The making of money for tomorrow is a reality of creativity. I sat down one day thinning of what I can do, then I resolve to create software of children stories, songs, educational materials, life Nigerian state profile for students to know which can be installed on Computer. I made it out of my creativity to better tomorrow. Now I have got market for what I created from Private schools in the city. You can be best in one area that you see your self good. Your creativity makes your good best as no one has ever done something like that in your area. Learn to think at least 30 minutes per 2 days ruminating through your environment to see the need and what you can offer to solve the need. I know a man that was jobless for long but later resolved to walk a long the street thinking for what to do and make a living, then he saw that there are a lot of wattages, debris and dirties on the road. He decided to make it modern, he made a wheel barrow in a more decent way and he made himself a uniform and walked through the street to park the debris with a little charges of N5.00 (less than 1 cent). He succeeded as the people in different neighborhood calling for his service and later employed more hands in the business. Now he has got vans with workers working for him and he is making his cool money to enjoy the dreamed tomorrow. There was also man I heard about who was sacked but could not sacked his ability. He went to business of stick meat in which he will dress up in suit and packed the stick meats in a business briefcase to offices, bank, and factories in the city. And now, he has become a great man in the business. Many online business, started through a man's idea. Do you know that idea is part of your being? Failure to create one makes you an impotent and real disability patient. Watch and see what your environment lack and what you can do to make money and solve the problems. Tomorrow will be better for the prepared mind to explore himself as he/ she create new things. Let's see creativity in another perceptive.
The Motivation for Creativity:
Why should anyone seek to be creative? Creativity is full of risks and uncertainties. There is the risk of failure. There is the need to persuade others. There is a need for political skills. It is much better to sit quietly and do what you are supposed to do.
If things are going well, who needs creativity? If things are going badly, then there is no time for the uncertainties of creativity.
If you set out to be creative - and even if you use the powerful tools of lateral thinking - you cannot be sure of a result.
There is a further problem. Every valuable creative idea must always be logical in hindsight - otherwise it would have no value. So it is assumed that logic could have reached the idea in the first place.
This is totally untrue in an asymmetric patterning system like the human brain. But how many people know about asymmetric systems? So executives expect only 'blue sky ideas' from creativity and these are then deemed impractical.
If we regard creativity as an inborn talent which some people have and others do not have, then we just look for creative people.
If we regard creativity as the 'skill' of using information in a patterning system like the brain, then everyone can develop the skill of creativity. To be sure, some people will achieve a higher degree of skill than others - as with any skill - but this is not the same as being naturally creative. People who are not naturally creative might develop a higher degree of skill than those who are naturally creative.
Confidence is a key factor in creative effort. Those who have succeeded in having creative ideas in the past are much more willing to make a creative effort. They know from experience that new ideas are possible. They have experienced the joy and achievement of having a new idea.
How do you build up confidence if school does not encourage creativity, and the workplace does not expect it?
Most people do what is expected of them. The rebellious few do not. That is why we usually associate creativity with a rebellious nature. But it does not have to be like that.
To get creativity into an organization you must make it an 'expectation'. At the end of every meeting, the chair person must allocate the last fifteen minutes to 'anyone who is exploring a new idea'. If no one has anything to say, they are told they are not doing their job. A creative 'Hit List' of areas which need new thinking is produced and made visible to everyone. Executives are expected to work on items from this list - either as individuals or as assigned teams.
The effort to have ideas is key. If new ideas are an expectation, then people will make an effort to have new ideas. Their confidence will grow and eventually there will be a creative organization.
It is also important to learn how to be creative. There is a need to learn the formal skills of lateral thinking which make creativity available to everyone.
Discovery of opportunity for creativity:
A man that discovers ways in the thick forest is known for intelligence. Among the many busy world opportunities, peoples are still making ways, counting fortune for tomorrow. This is one of the basic and secret of the millionaires in our days. Online opportunities are tapped by those who discover. You cannot discover what is not uncovered. Search round your vicinity, online, offline, indoor and outdoor to see widely the opportunity to exhibit your ideas. Do you that an idea that is displayed in a wrong places may attract shame, lose, discouragement, lost of value, chance for recreating by a mindful person, fear and strength to do it again. All these may kill your vision. Learn to study, explore the right channel and ways that will make your creativity earn you money. There are many opportunities online in which I will later share with you to explore your creativity. Be diligent and steady to know when, where and how to launch your idea to make money. Discover opportunity in the hidden ways. Opportunity comes in masquerade and through the back doors. Try to search, browse and shuffle the environment to know your worth as you introduce your ideas to make cool money for better tomorrow.
Strength versus weakness:
Can you just pause for 5 minutes to weigh and evaluate right, your worth, strength that is what you can do best without ant stress or coursing with encouraging reward that even makes you happy and your weakness that is what you find yourself doing but never succeed? This assessment will prove you right or wrong whether your tomorrow is certain of better tomorrow or not. A prepared mind faces the world of business in every side. Do you know that your weakness can still earn you money if you know it?
Knowing it is the first key to success. I discovered that one of my weaknesses is fear to do things thinking that I will not make it right t please the audience or clients. Later I sat down to know why and what to do, thereby I sought for counseling and I knew that fear is just False Expression Appearing Real to discourage me, then I continued to do my work better and even teaching and writing articles on my experience and way out that even making money for me bow. What you know best should lift up your weakness. Do not take your weakness for granted; learn to improve on your weakness as you do that things that makes you weak in a way that will attract wealth to your life. Promote your strength, your ability - writing skill can earn you money on EzineArticles promoter, analyzing potential can be so good in forex trade as you go on to www.forexhub.info to know more, criticizing and selective skills cane sued in surveying site online. Marketing online is still there for highly sensitive market makers. Be strong as you know yourself. Never be discouraged to start though your weakness is there, pick with your strength to win better tomorrow.
Facing the threats:
One of the challenges of the world of business is threat either internal or externally. The mind of business entrepreneur is to face the threat, hold the bull by the horn to win the battle. Tomorrow of a business is known as you prepared to face and manage your threat changing them to opportunity to introduce another channel to make cool money. Do not run away from threat. It is programmed to erupt in the process but be alert to sense its presence so that your plans, idea, schedule and strategy do not collapse suddenly. Be active in what to do and how to do it. Online threats are numerous. Some of them are copying your idea or product without copyright, government policy, spasm, internet pilfering and others. Seek advice always on what you are about to do both with its opportunity exploit and threat challenges. For businesses that speculate the future will stand its toes to combat threat.
Just take off:
Like an aircraft that opts for high level space travel must surely take off to fly, so also is the analogy for business entrepreneur who wants money tomorrow. Just start to do what you plan is the first strategy before any other can follow. You may have ideas like sea shore sand but never before worth that will appreciate to money value until you start to do it. Let me say that the business idea is money in the air that has no physical body to hold. If you fail to take, you keep on moving oscillatory in a point for the whole day. What makes your intelligence to be diligence is your first attack to start the deal of your plan no matter what may come your way in the process.
Seek Out for Data:
The master of all knowledge is yet to survive. All secrets to better business for good tomorrow is based on the facts and figures taking from others sources to make up your own idea. Ready to listen, embrace and search for relevant information that will boast you're the strength of your strategy. A seasoned data collection makes a business prospers. Intelligence facts on the ways to negotiate, articulate, and management your finance must be acquired. Making money tomorrow calls for seeking for correct, current and relevant information that will soften your pedal for greater high of profit making business.
By your cloth:
Among all circumstances that surround business enterprises, making out with your cost ability is very much paramount. Many entrepreneurs had ruined a futuristic business with the anxiety to start big for great profit. No man gets the top of skyscraper without passing through staircase or lift. Make your business plan in accord to your present worth and do not compare your with others, this may kill your expectation. Be personal and realistic in your launching out. Let your coat be by your cloth.
http://www.forexhub.info
Article Source: http://EzineArticles.com/?expert=Allen_Olatunde
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Sabtu, 07 Februari 2009
Best Forex Training
You finally made a decision to learn about the Forex market and how to trade globally. However, you are putting at risk your personal wealth if you take the plunge before learning how trading takes place. On the internet, you can come across numerous games and simulations while learning the techniques involved in Forex trading.
The Forex markets consist of countries from around the globe, where all countries involved use different currencies. When these currencies are faced against each other they worth more or less than the original valued currencies that are being traded. Many governments, banks, brokers and countries build huge wealth using the Forex markets.
To begin learning about Forex trading, you should find the Forex trading software and the best Forex training system you can use. I’ll tell you about the best Forex trading education in a second.
You will gain knowledge of how to make and lose money in the Forex market. You will become more aware of what happens on a daily basis, how the markets open and close, and how different currencies really are.
Using the gaming system, you can open an online account. You can find and compare markets, and make 'fake' trades so you can observe how money is made of lost. Using the system several times a week, you will be more prepared and more educated to use the Forex market to make money.
Forex trading can be done with the help of a broker, a company that deals in the funds, and from within your own country. In the US, there are many laws and regulations regarding Forex trading and what companies are permitted to work with the public.
If you are interested in joining the millions who are making money in the Forex markets, you should read more about the best Forex training system. You will discover the secrets of the big dogs. Learn how to trade Forex.
Article Source: http://EzineArticles.com/?expert=Alex_Fir
Read More..
The Forex markets consist of countries from around the globe, where all countries involved use different currencies. When these currencies are faced against each other they worth more or less than the original valued currencies that are being traded. Many governments, banks, brokers and countries build huge wealth using the Forex markets.
To begin learning about Forex trading, you should find the Forex trading software and the best Forex training system you can use. I’ll tell you about the best Forex trading education in a second.
You will gain knowledge of how to make and lose money in the Forex market. You will become more aware of what happens on a daily basis, how the markets open and close, and how different currencies really are.
Using the gaming system, you can open an online account. You can find and compare markets, and make 'fake' trades so you can observe how money is made of lost. Using the system several times a week, you will be more prepared and more educated to use the Forex market to make money.
Forex trading can be done with the help of a broker, a company that deals in the funds, and from within your own country. In the US, there are many laws and regulations regarding Forex trading and what companies are permitted to work with the public.
If you are interested in joining the millions who are making money in the Forex markets, you should read more about the best Forex training system. You will discover the secrets of the big dogs. Learn how to trade Forex.
Article Source: http://EzineArticles.com/?expert=Alex_Fir
Read More..
Selasa, 03 Februari 2009
Forex Education
What is forex?
Forex is simply an online currency exchange trade that involves a simultaneous buying and selling of currencies. It is presently the largest financial market worldwide with an average daily turnover of about $2trillion. Forex is traded globally for 24-hours daily and five days in a week with a break on Saturdays and Sundays. Individuals, cooperatives and banks trade forex from various parts of the world.
Nigeria in focus is growing fast in this trade ever since it was reduced to a start up capital of a minimum $100 due to the rise in internet access and usage. This took effect from late 1990's against the minimum $10m it previously used to be. In forex trade, traders with small trading capital like $100 are called retail traders and most traders from Nigeria fall into this category.
What Is Needed To Start Trading Forex?
All one needs to start trading forex are;
(1) A good forex education from this site
http://www.demonicforex.blogspot.com
(2) A good and fast computer
(3) A good, fast and reliable internet connection
(4) A mininum trading capital of $100 dollars
Who Is A Broker?
A broker is an individual or a company that buys and sells orders according to trader's decision. Brokers earn money by charging a fee called the Bid-Ask spread for their services. The main function of brokers are to connect buyers or sellers directly to the forex market for exchange of currencies.
What Are The Risks Involved?
Forex trading is highly profitable if only you can learn and practice well before investing in it. You can also loose when you lack sufficient knowledge and skills in this trade.
To learn more of Forex Trading from the experts, visit http://www.demonicforex.blogspot.com
My name is Kenn. I am a talented and inspirational writer from Africa. I have helped many by giving them all the necessary tips to keep their relationship going well and to get their right partner.
Article Source: http://EzineArticles.com/?expert=Kenn_Mong
Read More..
Forex is simply an online currency exchange trade that involves a simultaneous buying and selling of currencies. It is presently the largest financial market worldwide with an average daily turnover of about $2trillion. Forex is traded globally for 24-hours daily and five days in a week with a break on Saturdays and Sundays. Individuals, cooperatives and banks trade forex from various parts of the world.
Nigeria in focus is growing fast in this trade ever since it was reduced to a start up capital of a minimum $100 due to the rise in internet access and usage. This took effect from late 1990's against the minimum $10m it previously used to be. In forex trade, traders with small trading capital like $100 are called retail traders and most traders from Nigeria fall into this category.
What Is Needed To Start Trading Forex?
All one needs to start trading forex are;
(1) A good forex education from this site
http://www.demonicforex.blogspot.com
(2) A good and fast computer
(3) A good, fast and reliable internet connection
(4) A mininum trading capital of $100 dollars
Who Is A Broker?
A broker is an individual or a company that buys and sells orders according to trader's decision. Brokers earn money by charging a fee called the Bid-Ask spread for their services. The main function of brokers are to connect buyers or sellers directly to the forex market for exchange of currencies.
What Are The Risks Involved?
Forex trading is highly profitable if only you can learn and practice well before investing in it. You can also loose when you lack sufficient knowledge and skills in this trade.
To learn more of Forex Trading from the experts, visit http://www.demonicforex.blogspot.com
My name is Kenn. I am a talented and inspirational writer from Africa. I have helped many by giving them all the necessary tips to keep their relationship going well and to get their right partner.
Article Source: http://EzineArticles.com/?expert=Kenn_Mong
Read More..
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