Beginners Guide for Business and Financial | Thesecretmeeting.com

Archive for November, 2010

HOW TO predict the Future ?

by studying the Past (Technical Analysis):

1) The best traders don’t discount one or the other but understand that having an understanding how the fundamentals influence market sentiment gives him/her an edge over those traders who don’t.

2) In my opinion, TECHNICAL analysis is the easiest and most accurate way of trading the FOREX market.

3) “The number’s don’t lie” – all available information and its impact on the market, are already reflected in a currency’s price.

4) Prices move in trends – the foreign exchange market is mostly composed of trends and therefore a place where technical analysis can be very effective.

5) History repeats itself – over time, certain chart patterns become consistent, predictable and very reliable. The question is SEEING them.

PRICES MOVE IN TRENDS

The traders who don’t believe this obviously have no need to implement a trading methodology on technical analysis. But, research has shown that those who trade “with the trend”, greatly improve their changes of making a profitable trade.

Finding the prevailing trend will help you become aware of the overall market direction and offer you better visibility,especially when shorter-term movements tend to clutter the picture.

HOW does technical analysis help to determine what the trend is and HOW to trade with then trend versus against it?

Even though, you learn you how to use and read various technical indicators to identify a long- term trend, spot predictable chart patters and use certain rules to enter and exit a high-probability trade, and even though a ll this involves sound logic, parameters, methods, formulas, data, and research, these technical indicators, by themselves, are not the Holy Grail of FOREX trading.

It takes discipline and emotional control to stick with trading following through the inevitable market ups and downs. Keep in mind, good technical traders expect ups and downs.

Which technical indicators are the BEST?

NONE – technical indicators should simply be components of your overall customized, personalized trading system, and not a stand alone system.
The objectives as a FOREX Technical Trader are:

1) To figure out the price action of the currency pair. Price is the main concern. If the EUR/USD is at 1.2224 and goes to 1.2020, 1.1980, 1.1940- the market is in a down trend.

Despite what every technical indicator might predict, if the trend is down, stay with the trend. Indicators showing where price will go next or what it should be doing are useless.

A trader should only be concerned with what the market is doing, not what the market might do. The price tells you what the market is doing.

2) Always remember that technical indicators are only giving you confirmations based on what the market is telling you. So listen to the market and let it tell you which method, strategy or techniques you should use.

In today’s world, shopping in “brick and mortar” stores seems so backward, dated, and boring. Millions of people each year sit in their jammies while drinking wine and shop for clothes, household goods, gifts, and just about anything else you can imagine.

One of the great benefits to shopping online is the various coupon, rebate and dollar-back programs available. If you click through a link, or use a coupon code, your savings can be substantial. In addition, you get all the myriad benefits of shopping online – no children to drag through stores, no gas costs to get there and back, and no hassle of dealing with crowds.

So, once you’re convinced to shop online, where can you find the savings? There are several ways to save money online. Let’s start with coupons.

Coupons

This is a fairly standard. Go to one of the coupon sites (many will be provided below) and look for the store you want to shop with, or search by category, depending on your needs. Be sure to click “apply” when you enter the coupon during checkout.

Although in the early days of online shopping, coupon codes were plentiful and generous (frequently you could find $10 off a $10 purchase with free shipping), good coupons these days are hard to find. Some stores (like Lands’ End) rarely offer coupons while others (L.L. Bean) often offer free shipping on any size order. When you order, or even if you don’t order, be sure to sign up with the website either by registering or signing up for coupons. These direct-email coupons are often some of the best you’ll ever find.

Here are some excellent coupon sites to get you started:

MyBargainBuddy.com — Here, a mom compiles good deals and coupon codes for you. Some of the best deals need no coupon at all, but if there’s a good deal and a coupon to go with it, all the better.

FatWallet.com — Lots of codes here along with active message boards where other deals can be found.

MyCoupons.com — The most beneficial part of this site are the message boards, which are alive with the sound of people saving money. Check out the posts that have stickies on them at the start of each forum – there are often some good links to printable coupons here for favorites like Toys R Us and Chuck e Cheese.

One note: If you are looking for a code for a certain store, don’t assume that if it’s not available at one website, it doesn’t exist. There are different codes at different sites. Visit several coupon sites before giving up hope that a code does in fact exist for that store.

Rebates

Here’s how the big daddy of online rebate programs works. Go to Ebates.com and sign up for an account. There’s a sign up bonus of $5, so you already have a free $5 coming to you. Then, when you go shopping, check Ebates before heading directly to an online store. Even if you have a coupon from another site, click through the store link on the Ebates page for more savings.

Let’s say you choose a new jacket from Kohls and you have a $10 off a $75 purchase. Great. Keeping the coupon code in hand, you head to Ebates and find Kohls among the list of stores. This store offers 2% back, so you click through the Kohls link on the Ebates page, and make your purchase. Not only do you benefit from the coupon code you applied, but also got an extra 2% back on your purchase. Not a bad deal. Ebates will send money to your Paypal account or send you a check.

Points

Not everyone knows about the various point programs available, but since you can earn points without doing any shopping, the points programs are worth knowing.

Visit MyPoints.com and sign up for an account. My Points will send emails (sometimes daily, sometimes several in one day). You click a link in the mail and automatically get 5 points. Sign up for an offer or make a purchase through that link and earn even more points, from hundreds to thousands of points per offer.

My Points is most useful, however, when you’re shopping online. It’s like Ebates in that you click through a link on the My Points site, and you get points for your purchase. Most stores offer a certain number of points (2 to 4 on average) per dollar spent. Once you have at least 1,000 points, you can redeem the points for gift certificates for restaurants, gas, travel and clothing.

You can’t use Ebates and My Points in the same purchase, so if a store is linked through both Ebates and My Points, you have to decide which is the better deal for you. Whenever possible, try to combine a coupon code with the My Points or Ebates deal.

Copyright 2010 Ewen Chia

If you have a website, you can profit from even the tiniest number of visitors it receives simply by not wasting that traffic.

The KEY is in leveraging on each visitor and making sure you have a monetization strategy in place. Once you get this, you can make any website profitable with a little effort.

Here are 7 basic ways in which you can profit from your traffic today:

1. Sell a product/service

First you can sell a product or service to your visitors. This is the best way to cash in from your own product. Usually an e-book or software works the best – they can be downloaded right away without hassle and shipping charges.

2. Opt-In list

It is crucial you try to convert every visitor of yours to a subscriber of your mailing list. The most important asset that an Internet marketer has is his or her list of subscribers. They define whether you will go far in the online business venture.

With an opt-in list, there are tons of ways you can profit further into the future. You can build repeat customers and turn your list members into partners for your products. For an example of a good opt-in page, visit http://www.InstantMarketingSecrets.com

3. Viral marketing

You can provide a free product or bonus on your site to be downloaded by your visitors. Usually it’ll be an e-book where people can read from and learn useful information. In this bonus, you include give away rights and urge readers to give it away to anyone they want to. This way, you increase your own traffic, publicity and branding without needing to spend a cent.

4. ‘Pay-per-click’

In this case, you get paid when your visitors click on ads you place on your site. There are many advertising programs that give you a percentage of the profits based on click through, including Google Adsense, Chitika, Yahoo Publisher Network and Kontera.

When people click on the ads shown from either of these advertising programs, you will earn money. And if your site receives good traffic, these programs alone can bring in huge paychecks to you.

5. Offer an advertising space

Targeted niche websites with high traffic can ‘rent’ a portion of space on their web page to advertisers. For example you can charge $300 per month in advertising fee if your web page is pulling more than 2000 visitors a day. I use this strategy at my Online Marketing Secrets blog at http://www.EwenChia.com

Other than that, you can also generate advertising revenue using exit pop-ups. By doing this, you won’t clutter your website with too many ads and spoil the visitor’s experience.

6. Affiliate marketing

If you don’t have your own products for sale yet, you can sell other people’s products instead and receive a commission on every sale. With affiliate marketing, you have an unlimited source of products to sell and you don’t need to go through any fulfillment issues after your sales.

One of the best affiliate marketing training resources can be found at http://www.SecretAffiliateWeapon.com where I provide continual education on affiliate marketing to members.

7. Pay-per-lead

Instead of earning money from click through, you are paid if your visitors subscribe into other people’s mailing list. Alternatively there are a lot of big companies like Coca-Cola who need surveys to be done, and by referring your visitors to complete surveys, you can also earn good profits from your website.