Tuesday, January 18, 2011

FX Trading Strategy


This is a very common questions from most new traders as they are pretty confused about what strategy to trade with. If you ask me for the simple yet powerful strategy, I will suggest 2 strategies for you.

1- Forex Breakout Strategy

If you have been reading my blog, you will know that I often suggest new traders to trade forex breakout. It is because this strategy is very easy to execute and easy to identify. All you need for breakout trade is to wait for the market to go into consolidation and then wait for the price to break out of the consolidation before you enter a trade in the direction of the breakout.

For more information about forex breakout, you can read this post that I have posted earlier on our website.

2- Forex Trend Line Strategy

Other than the forex breakout strategy, I will suggest you to trade the forex trend line strategy. As long as you get the first trade right for this trend line strategy, you will be able to make consecutive winning trades as you are in the direction of the trend.

When you are trading the forex trend line strategy, you will wait for the price to break the short term trend line and then take profit at the medium term trend line. Once it breaks the medium term trend line, you will then enter another trade and wait for the price to hit the long term trend line.

The above are 2 strategies that I will recommend to new traders. One advice for those of you who are new to this field, in order to be able to have a good trading strategy, you should not jump from one strategy to another, You should spend more time to hone your skill with one strategy until it becomes profitable before you attempt to learn another one.

Do not become a strategy junkie who spend a lot of time learning different strategies. This will not make you a profitable trader as you do not have the skill to trade with any specific strategy.

Affiliate Marketing Services - Are You Making Enough Money?



Affiliate Marketing Services has come a long way since the mid 1990’s. It is now more complicated than it used to be. This means you must become more educated on how to do Affiliate Marketing Services if you expect to make money.

If you expect to succeed as an affiliate marketer online today here are 7 things you are going to need to learn how to do!

1- Finding a niche. This is not hard because just about anything you can think of has Affiliate Marketing Services programs you can join.

The key today is to find a niche you can compete in. This means doing research for niches that are not saturated with competitors. One way around that is to promote products that people are searching for by name as opposed to promoting keyword phrases in general.

2- Doing keyword research. Google has a free tool you can use to come up with keywords that people are searching for. There are also many excellent free and paid tools. Traffic Travis comes to mind.

3- Building a website. You will need to buy a domain name. Choose a dot com version and keep it relevant to the theme your site is based on.

Host it at a good company such as Blue Host or Host Gator. Use the Fantastico program to set up a blog as your site. This is very easy to do.

4- Adding content. You will need to write, or hire someone to write original content at first.

Depending on the theme of your site you may get away with no more than 3 to 5 articles of 400-500 words. Auto blogging has become a good way to get content without doing all of the work yourself.

5- Finding Affiliate Marketing Services programs. Start by joining eBay, Amazon, and Clickbank. For ppc programs join Google Adsense. For CPA programs check out Max Bounty, Offer Vault and Commissions Junction.

6- Monetizing your site. Get a couple of banner and text ads placed on your site. Over time you can add to this. Content and traffic is more important at first. Without it no one will see your affiliate products anyway.

7- Promotion. I would suggest looking at Blog Blueprint as a very good training program on promoting your site. For free info join the Warrior Forum. The majority of your time will spent on advertising and marketing your site, so you need to learn how to do it.

The days of promoting your Affiliate Marketing Services website directly are over. Affiliate programs provide great advertising tools, but you need your own websites to send people to.

This means you have to become more sophisticated in how do you use Affiliate Marketing Services. The good news is anyone with average intelligence and a solid work ethic can do it. The rewards make the initial effort worth taking the time to learn how to do it right.

If you enjoyed this article by Jeff Schuman please visit our website today. You will find useful information to help you quickly start your own home business on the internet.