One of the cardinal rules of Forex trading is to keep your losses small. With small Forex trading losses, you can outlast those times the market moves against you, and be well positioned for when the trend turns around. The proven method to keeping your losses small is to set your maximum loss before you even open a Forex trading position. The maximum loss is the greatest amount of capital that you are comfortable losing on any one trade. With...more
You know the old joke:"How do you make a million in the stock market? Start with two million?"There is no way around it, risk and stock market fees are a part of trading that you can`t avoid. But, you can manage your risk. You can also manage the brokerage stock trading fees that eat away at your trading float. All it takes is some planning and making good choices. If you think you`re ready to start trading, look carefully at where you`re getting...more
Developing products can be a challenge in the home based business environment. Where do you go for a laboratory to create and test new product lines? Where do you turn for new packaging and marketing? Where do you turn for help? You're there. YOU are the crack team, as Donald Trump says. So forget about looking around. You're it. Here's what to do for your own product development. First find a need. You want sales, so find something people want. How? Communication is the key. Ask your friends, your contacts, your business associates, your clients. See what they could use to make their lives easier. Poll them, survey them, email them, call them. Post questions on forums and chat rooms. Be like television's Lieutenant Colombo (or the original Pink Panther) and enjoy the search, but don't give up until you get your answers. Second, get organized NOW, if you aren't already. Take good notes as you go along. Keep organized, well-labeled computer and print folders and files in handy places. Use an organizer with a calendar if you need to. Third, create a product based around the need you discovered above. No need to be Einstein or invent the wheel. Search and find others in the industry...more
The 2% rule is a powerful tool in Forex trading. By adopting this rule you`re using a strategy that decreases the size of your losses during losing streaks, an important consideration. There is, however one small caveat that you need to be aware of when using the 2% rule to calculate how many Forex shares you are going to buy. As you know, the...more
If you think that starting your own online home business is the answer to your problems; whether it's money, child care, illness or a desire for more free time, then you MUST choose wisely. Too many individuals eagerly leave their paying jobs in order to pursue their own online home business only to return to the unemployment arena looking for work...more
If you are interested in starting an online home business, or taking over one, you face a daunting task that carries a level of risk and excitement not possible in the 'employee' world. If the financial independence of self-employment appeals to you - no boss, no income limits as to time and wage, and the ability to let your personal drive determine your compensation - then you will no doubt be eagerly going over the many options available to release you from your current job. However, the rush of financial excitement must be tempered by the necessary cost of time, money and effort in properly setting yourself up independently. Despite income claims made by business opportunity companies, or competing businesses, you must be ready to accept the reality of not seeing personal income for several months - or even years. Starting a self-employed online home business on the side, while keeping regular employment as your financial security, is a wise method of ensuring your income. Another option is to have substantial savings that permit you the freedom to pursue your dreams unencumbered with other employment. However, the savings must also be capable of carrying the costs of developing...more
Anytime that you are investing in the Forex market, you are going into the Market blind. You don't know what point of the investing trend you are entering in at. You might be investing in a Forex stock just before the trend changes. Smart investing...more
If you have been longing to start a home business online you may be coming across terms you've never heard before. You may also have found the opportunities available are overwhelming. Where do you begin? AFFILIATE PROGRAMS - EASY START Affiliate...more
Studies have shown that you should never risk more than 2% of your float on any trade. Why 2%? Well, in fact, many day trading professionals will tell you that 2% is too much. They`ll risk 1% or even as little as a quarter of a percent on any trade. ...more
When trading in the stock market, position sizing is where all the tools of money management come together. It`s perhaps the most important part of your stock market money management rules. Position sizing is simply deciding how much you are going to...more
When traders first begin considering their stop losses, keep in mind this comment from Tom Baldwin, a leading day-trader. He said, "The best traders have no ego." Successful traders are faced with losses constantly, and they swallow their pride and...more
Have you recently applied for a loan only to hear the dreaded word "denied"? This type of situation is one that can be devastating. It doesn't mean you are irresponsible or shirk your bills. Regardless of the stigma attached to a low credit...more