To Make Money On The Internet

One of the biggest gripes I have about most software packages on the market today is that they bombard you with too much information. Who wouldn’t feel overwhelmed if they got a 300-page manual in their letterbox outlining the finer points of a particular trading algorithm?

Simplicity is bliss. And that’s exactly what Forex Tester 2 is - both blissful and simple, while still packing some grunt, it has certainly won me over. The software is easy to install and within the space of five minutes, I was able to download this program off the company’s website and begin using it. You can use the free trial version of the software and you don’t even have to register your email address.

This is a program aimed at beginner FX traders and it hits its mark wonderfully. Forex Tester 2 allows you to back test your Forex trading strategies using historical data and then, when the time comes to jump into the real market, you can do so with confidence.

The trial version is free and you can’t say that’s not a good deal. It is limited in its scope however, compared to the full-priced option, you can only back test using one month of historical data and you can’t save your testing results, projects or templates. But there’s enough here for you to work out if the program is for you, before you commit your hard-earned coin on it.

It’s the norm now in the trading software market to include a spate of technical indicators with any program and Forex Tester 2 is no different. By my count, there are well over 30 to choose from. What I particularly liked is the fact you can load up different indicators on different timeframes on any chart.

Also of great importance, especially when back testing, is to focus on your money management. The creators of Forex Tester 2 clearly know this and with each tick you move forward during testing, the software updates what your financial position would be at that point in time, which is extremely helpful.

Of course, don’t take my word for it. If you’re looking at getting into the Forex market and have a strategy or two up your sleeve, Forex Tester 2 may well be for you.

Aaron Lawton has been trading options part time on the US stock exchanges for a little over two years.

Major new NFA (National Futures Association) ruling cranks up on 1th August 2009

It’s been out for a while now, but some folks might have missed this critical bit of news, so what is it and how will it affect your Forex Trading?

Firstly, you will only need to be concerned if you use a US regulated Forex Dealer, if your Dealer is off shore regulated, there is no need to lose any sleep. That said, a number of US regulated Forex Dealers have overseas operations and will more than likely offer you the chance to transfer your account off-shore to overcome this new regulatory umbrella.

So what is the new ruling? To see the whole notice and other related document links, go here:

http://www.nfa.futures.org/news/newsNotice.asp?ArticleID=2273

‘Effective Date of NFA Requirements Regarding Forex Orders

NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding Forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009. The requirements regarding price adjustments will become effective as to all customer orders executed after June 12, 2009.

Offsetting Transactions

New Compliance Rule 2-43(b) requires an FDM to offset positions in a customer account on a first-in, first-out basis, thereby prohibiting a trading practice commonly referred to as “hedging.” A customer may, however, direct the FDM to offset same-size transactions even if there are older transactions of a different size. Rule 2-43(b) is effective for any positions established after May 15, 2009. Offsetting positions that were established prior to the effective date do not have to be liquidated, but once either position is closed out after May 15, it may not be re-established as a hedge.

Price Adjustments

For orders executed after June 12, 2009, Compliance Rule 2-43(a) will prohibit an FDM from adjusting executed customer orders, with two exceptions. The first exception is where the adjustment is done to settle a customer complaint in favor of the customer. The second exception is where an FDM exclusively operates a “straight-through processing” model and the liquidity provider with which it entered into the automatic offsetting position changes the price of an executed order with the FDM.

Pursuant to the new rule, an FDM that adjusts an executed customer order based on an adjustment by a liquidity provider must provide notice to the affected customer within fifteen minutes of the customer order being executed. The notice must state that the FDM intends to cancel or adjust the order and must include documentation of the price adjustment from the liquidity provider. The FDM must either cancel or adjust all customer orders executed during the same time period and in the same currency pair or option regardless of whether they were buy or sell orders. All cancellations or adjustments of executed customer orders must be reviewed and approved by a listed principal of the FDM who is also an associated person. Such review must be in writing and include the documentation from the liquidity provider, and the written review and documentation must be provided to NFA at forex@nfa.futures.org. Finally, any FDM that may elect to cancel or adjust executed customer orders based upon liquidity provider price changes must provide customers with written notice of that fact prior to the time they first engage in Forex transactions.’

Brokers using MT4 platforms are going to have problems as Metatrader does not function in a way that complies with the new ‘First In First Out’ (FIFO) regulations, so if you are using Metatrader as your platform and have EAs attached, your could be in trouble and need to discuss your trading with your Broker in case you have to make alternative arrangements.

So far the comments from the major Broking houses seems to vary depending on their regulatory body, if they are not an NFA member – no issue. Certainly the implementation of the ‘No-Hedging’ rule, which came into effect on 15^th May, does not appear to have suffered from the devastating impact predicted by the ‘Doom and Gloom’ merchants in a multitude of blogs and articles.

On the other hand, some Brokers have used the aura of alarm as a tool to promote their offshore operations.

All said and done, it’s a thorn in the system, but the Forex market is too big and dynamic to allow this to have a long term impact. Yes there will be changes, but there are still plenty of Broking houses that are well regulated and support MT4, so talk to your Broker before making rash and un-necessary decisions.

For many of us, scrapbooking is a hobby that we enjoy doing.  However, there are a few entrepreneurial types who have started a scrapbooking business based on their love of this popular hobby.  Although there are many different business models that you can pursue in this field, one popular home-based model is selling scrapbook layouts. Continue Reading »

Motivation comes naturally to us entrepreneurs. We all have the desire to be successful, it is up to us to make it happen. Being a success is what every business owner wants. The true foundation of business allows people to succeed, not just the dreams of money. Continue Reading »

The need to have a range of investment strategies is partly the reason many people are trading Forex. The track record of beginners is tragic with many losing their savings as the explore a complex marketplace. Apart from the often overlooked rule to develop trading strategies, there is also a requirement to test them…what if they fail? Why expose yourself on un-proven principals? There are many important factors that traders need to consider to succeed. Forex trading demands practice, reinforcement, and repetition. It requires a comprehensive range of strategies and skills, so new traders should always start working with Demo accounts offered by most Brokers to help them protect their money as they learn their skills.

A Forex Demo Account offers real time functions, allowing you to trade the account without being able to see how the market is moving until it happens. Historical Forex data, which can be downloaded, does not allow for simulated real time trading, and can only be used to test systems such as Forex Robots.

For Robot testing historical data is invaluable, you will quickly learn if a robot is all it’s cracked up to be. It also allows you to test different setting, you’ll find that some may work better than others and some will be down right disasters.

Then there are Forex simulators, these allow traders to develop and test their theories without any risk and allow you to try long term strategies over a few days. Traders can rewind, pause, or fast forward, checking and refining whatever knowledge they have learned. The traders can also get trade snapshots, trial the indicators that they like, and keep a trading records to refine strategies.

You could compare a Forex simulator to online game. The newby Trader has a task to accomplish, to keep testing and challenging their skills as many times as possible on different scenarios until they consistently come out on top. You commence with your conceptual strategies and ‘play’ the Forex simulator until you find ones that begin to work, it requires a lot of re-runs and strategy development, just the same as you need to do to be a good trader.

If you are well prepared before trying a live account, your risk of losing the all your money is reduced considerably. A Forex simulator is an enormously beneficial tool for traders who want to hone their trading abilities before committing their own money.

If your Forex simulations have proven to be profitable then your success when starting to trade your hard earned cash improves dramatically. As a new Trader you are far more likely to stay away from the trading situations that trap so many newcomers.

By using a Forex Simulator, you will become familiar with:

• A wide variety of the major Indicators
• Set ups, entry points and exit strategies
• Risk and Money management
• The influence of Support and Resistance Levels on market movement
• Different Time frames
• Your strategies and how they are influenced by different currencies

How much is your money worth to you, for only $150 you can test your strategies to your hearts content before you risk your money, consider the histroical stats almost 70% of all new traders fail and only between 5 & 7% of traders ever become seriously successful. This Forex simulator is not just a tool for beginners but also professionals, so if the ‘Pros’ use it, there has to be a very good reason why.

Go to Professional Forex Training Software and you’ll discover a Free 30 Day Trial low on the page, yes, its functionality is reduced, but at least you can trial it free of charge.

Google Wonder Wheel

One of the most critical elements of any type of marketing work on the Internet is Keyword research.

Yes, you might be sick of hearing about Keywords, but tragically they cannot be ignored, particularly if you want to be found, because it is keywords or long keyword strings, commonly referred to a ‘longtail keywords’,  that are what people use to search.

If you are starting out, you are probably trying to avoid spending any more than you have to. Google has come to your help, with a new free tool for extending your keyword search capabilities.

First up, watch the video above, if you haven’t already, which will save me a lot of writing.

The Wonder Wheel, goes a long way to showing you how to set up your site, particularly indexing and what Google is looking for. This new tool is showing you categories then sub-categories, to a multiplicity of levels. 

As you’ll see in the video, I started with ‘Dog Training’

This then produced a series of sub-categories: ‘Dog Training Courses’ Clicking on this sub-category produced the next level: Dog Grooming Training, Dog Training Instructor Courses, Dog Behaviour Training Courses.

This shows you how to build your category structure. The Google Wonder Wheel goes well beyond being a simple Keyword tool. It’s providing you with guidelines for building your site index structure plus suggestions for Long Tail Keywords. All you have to do is select the niche you would like to work with.

And the best part, this tool costs you absolutely nothing!

It’s not often Google offers something that is seriously helpfull, but this time they have. Maybe they are trying to show us how they want to see information sites built, and those who follow these guidelines are going to rank better, who knows…it’s an interesting thought though.

Well, you have determined you would like to become a mystery shopper! The job of mystery shoppers (aka secret shoppers) is to visit businesses, pretending as shoppers, and check the service level, cleanliness, etc. of the facility. Bosses receive this information that secret shoppers provide and use it improve the weak areas in their business. Companies that use this function include shopping malls, movie theaters, banks, and salons. Continue Reading »

Advertising plays a major role for any corporation or corporate commerce house to outlast into the most aggressive bazaar. You must generate alertness about your commerce among your forthcoming regulars. An institute should educate their potential along with reputable regulars about their commerce. Continue Reading »

One of the best ways to make money online if you do not have a product to sell and don’t want to be stuck with just Adsense as your sole provider, then affiliate marketing is great way to do so. While there is certainly a great potential in this niche, with so many products to peddle, you will need to have a solid game plan in order to make your efforts yield considerable returns. Here are a few simple tips you can use to help you out with making money through affiliate marketing. Continue Reading »

The most critical part of any type of investing, is knowing what your risk tolerance is. Without a good understanding of this, you will not only tend to over extend yourself but also jeopardize your capital base. There are many different types of trades you can make on the Forex, each possesses its own risk parameters and these tie in directly with your risk tolerance. Then there is your trading approach, conservative, moderate, and aggressive.

Initially you may decide to trade a day chart. The trading movement over a day can be 100’s of pips, so when you protect your position you have to assess what your drawdown limits are. If your money management dictates a 3% funds exposure, you will find problems on day charts unless your account is substantial.

The 5M or 30M charts maybe more appropriate since the pip movement tends to be less, so your stop placements can fall within your management criteria.

Yes, we all want good returns from our trades, but exposing ones account to wide stop positions and large drawdowns is going to wipe out your account and trading career very quickly.

A common risk level is 3% or $300 on a $10,000 account. Convert this to pips, 1 standard lot ($100,000) has a pip value of $10 so if you trade end of day and your stop loss establishment, whether countback or support and resistance or any other, dictates a 100 pip stop position then you are not risking 3% but 30%. Three adverse trades and your account has gone!

An aggressive trader is willing to take riskier trades that a conservative trader. They expose larger amounts of money in these high risk trades with the hope of achieving larger returns – often over longer trading time frames, but they may still use the similar strategies for shorter times as well. Very much the ‘crash and burn’ trader.

So where do you place yourself? Are you a disciplined trader with good money management and risk rates, or a trader that will take high risks for big pips? If you are the latter, you will not be trading for long, that’s a guarantee.

If any of this leaves you a bit bewildered, you need to learn more, so start your Forex training with Top Dog Trading, you will learn an enormous amount and it will teach you to trade to win pips, not risk everything.

Never trade without having all of the facts!

Click Here To Get Your FREE Five Day Video Trading Course