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.

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.

If this sounds like something you would be interested in doing, there are a few different considerations you will need to keep in mind…

First, determine how you can make your venture profitable.  Each layout you create represents an investment in both materials and time.To maximize your profit, minimize the time and costs necessary for producting your layouts by purchasing specialized scrapbooking equipment.  For example, a die cutter, such as a Cricut machine, will allow you to quickly make cutout shapes and letters for your scrapbook layouts, with only a minimal monetary investment in materials.

Purchasing materials at wholesale cost is another good way to maximize your profit potential.  Speak to your accountant, who can provide advice regarding the forms that will need to be submitted and the record keeping involved with this.

If you decide that you can indeed make a profit, you will next need to think about the marketing aspect of your business.  This is easy to do because there are many people who would like to showcase their favorite photos in scrapbooks, but either lack the time or the creative skills to make it happen.  An easy way to get started is by talking to friends and relatives who admire your work.  Find out if they will provide you with referrals or direct business.

Attending craft shows and fairs is another way to gain business.  Ensure that you have layouts available for both display and to sell, and pass out your business cards to anyone who expresses an interest in your work.  Also, get in contact with businesses who offer similar services.  For example, talk to local shopkeepers to see if they would be interested in selling your layouts on consignment.

The internet also offers several opportunities to sell your projects.  Creating an online store has never been easier.  However, if you are concerned about creating your own internet-based store, look at online services such as eBay and Etsy, which simplify the process of selling online.

Making scrapbook layouts for others is a fun and potentially profitable business venture.  Take time to make preparations to minimize any future hassles and to make the most money possible.

So what are these principles of business that an affiliate entrepreneur needs in order to be a success? The first factor is patience. Without patience you are likely going to fail, especially in a market where relying on your own business ideas will take time and perhaps it may not work the first time around.

Think of the light bulb for just a second. Thousands of attempts were made in order to get the light bulb working. Think of what you would do, if your own business was in the same scenario. Consider how many people would quit if they knew a first attempt at business would not work out? Patiene may be the only item standing between you and success. Do not forget to keep that in mind when deciding upon business.

You have to also have business smarts. Don’t fall into the trap of allowing your emotions to control your business. A lot of people do not understand how their emotions are controlling them. Think of somebody who wants to grow their sales and advertising experience. On top of that it just so happens this week was a bad week for them.

Then they find a site that promotes a product to increase sales. This person becomes feverish and suddenly decides to buy. This person was held captive by their own emotions and it affected their purchasing decision. Success is dependant upon the achievement of mastering this skill. They are capable of breaking apart their emotions from the business.

You see, when you are able to separate your emotions from your decisions, then you are effectively able to maintain your personal life from your business life. All I am trying to say is that emotions may work negatively against you. Sometimes you may get a break, but for the most part you will find that they work against your business.

This is how success is achieved. Many people do not believe it comes easy. Patience and time are essential for this to work, even if it is not difficult. Many people believe that goals and success are within reach, just by having a website. In order to be a success on the internet you have to focus, have a plan, do your market research, and you have to have the desire to work from home. Understanding the fundamentals of marketing will help you a lot. Your chances at glory will fade fast if you head into a market with no prior research.

Making cash on the internet isn’t as simple as some people make it to be. It is achievable as long as you stay focused on the important tasks that your business needs. Handling a home business takes motivation from your end. You have nothing without motivation.

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.

There are a number of establishments that pay mystery shoppers for their services. However be on alert in choosing the right company to be a mystery shopper. Although there are many sad stories of housewives getting cheated in becoming a secret shopper, this job is still very lucrative. What you need to do is to be more alert when you are applying this job.

One easy way to determine if the company is reliable is to find out their history and any affiliations with a bigger organization. There may be a fee in becoming a secret shopper but the case upfront should be very minimal. If possible, get recommendations from your friends. Word-of-mouth is the best and most reliable method

The Internet is also a good place to find other resources in becoming a secret shopper. Read more stories, join forums and heed the advices of the veterans that will help you.

There are many mystery shopper resources available online that can help you get jobs. You may have heard of stories where people have been able to make a lot of money with secret shopping, so if you want a job that has flexible timing, and and a work that pays you while having fun, this may be a great move for anyone!

If you have adequate resources, then you can opt for online marketing rather than using straight means of promotion. Your online promotion necessities could be solved by a professional web related solution contributor. The web advisor would gather all the commercial details of your commerce and then design a current along with attractive website exercising the unusual innovative elements. After the end of website, he would put the same on the most commanding search engine optimization with the help of internet.

You need to mean superior internet marketing strategies and let the web mentor place your website on the search engine. Promotion with the help of internet is the fastest system to convey your corporate significance around the global commerce market. A lucrative advertising software aids the web counselor to offer relationship of the website of your company with other similar websites. There are many web surfers hunting for the similar business along with when they locate your website utilizing the right key words, they tend to know more about your business along with here lies your potential commerce. The web surfer of these days may turn your customer upcoming. Thus more traffic to your website, more chances for you to get potential industry which could be resulted into a commercial venture by setting up an affiliate program. Technological innovations are necessary to revise your website as well as control the marketplace.

The internet has really made it simple for your message to reach international with the help of the best networking software. SEO offers some free cause of advertisement along with that attracts the most intended swarm of potential purchasers. Finding the preferred website has become very speedy nowadays, with the usage of precise keywords. A larger quantity of potential swarm could be attracted by your website, with the help of the SEO elite. With the assistance of the efficient in addition to gainful selling software, you are able to attract thicker gathering of prospective clients.

Research Your Target Niche

Some of the most important things you have to do when starting an affiliate marketing business to make money online is to know who your target audience is. No having this knowledge, you will likely to fail in your efforts to build a successful affiliate marketing business. Take the time to know not only the demographics of your target market but also where they go, how they behave, and how they think especially when they are surfing online. This is the type of information that is imperative to your success as it is these insights and data that will guide you in determining how exactly you should communicate with your potential customers. If you communicate with them effectively and through the correct platform, then you are more than likely to make money online using affiliate marketing.

Maintain Transparency

Trust is a key element to someone buying through you. People buy from people or businesses they trust, and this is why you need to be transparent when you are selling though affiliate marketing. If you build a solid reputation, and come off as someone with authority, honesty and integrity, then it is very easy to sell pretty much anything. When you are trying to sell a product as an affiliate, you have to provide as much detail as possible on the product and be honest in telling the potential customers what they are getting.

It is quite possible to make money off them through deception, but in the long term it simply will not work as people will eventually catch on and know. Being able to provide honest information about the products you are promoting will work better as you will be able to capitalize on your reputation to attract return customers who will be looking for your opinion before they buy any other products.

Make Sure You Pick The Right Program

On of the most critical steps in making affiliate marketing work is being able to choose the right program to use. While there are certainly many affiliate programs out there that work for many other people where in they make money online, it does not mean that it will also work for you. For you to make money online using affiliate marketing, you have to to find products that you either are familiar with, interests you or that you want to get to know even better. Having knowledge on what you are selling gives you an added advantage when you try to promote them, as buyers like to ask questions before they press on the checkout button.

In addition it would be recommend that you evaluate the affiliate programs before you apply to them, see what their reputation is, what their products are, what sales support they provide, what other affiliates say about them, and other relevant information that can help you decide. Having the right affiliate program to use will make your efforts in making money online through affiliate marketing a lot easier.

Conclusion

So should you decide that affiliate marketing would be something you want to try out for making money online, remember the important steps above so that you will have long term success in it. There of course many other ways you can improve on it, and if this interests you then why not look into Portal Feeder which is a system of tools and training that can further improve your skills and revenue in affiliate marketing

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