Saturday, October 13, 2007

how to carve a niche online

A niche is something that sets your business apart from your competitors.it is an idea,feature,or exceptional strategy that gives you an edge over others on the internet.nowadays,especially online,you need a uniqueniche,something other blogs or websites are not using.you must be able to offer your visitors quality content and free information which is printable for them to either bookmark your blog or website and stay longerin your site.

10 ways to create an order pulling niche

1.you muct create contents which have been tested and proven by others to be effective.
2.you must market products that acheive results faster thereby creating the niche as a very good prducts site.

3you must take credibility seriously,the longer the period you have been in bussiness,the more people can trust you.

4.you must create products that are easy to use,people don't want to read a 200 page hard to understand instruction manual.

5.you must create products that are safe to use

6.always give out your products at a cheap or discounted price

7.always show proof of your products endorsement by others
package your products attractively,it gives it an edge over others

8.always create a guestbook where you visitors leane comments

9.deliver your products to your customers

10.be truthful,dont add false contents

currencies traded in the forex market

The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar (USD) , Japanese Yen (JPY) , Euro (EUR) , British Pound (GBP), Swiss Franc (CHF) , Canadian Dollar (CAD) and the Australian Dollar (AUD).


How are currency prices determined?

Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the Forex market to influence the value of their currencies, either by flooding the market with their domestic currency in an attempt to lower the price, or conversely buying in order to raise the price. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the Forex market makes it impossible for any one entity to "drive" the market for any length of time.


When is the FX market open for trading?

A true 24-hour market from Sunday 5:00 PM ET to Friday 5:00 PM ET, Forex trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

Is Forex trading expensive?

No. FOREX.com requires a minimum deposit of $250. FOREX.com allows customers to execute margin trades at up to 200:1 leverage. This means that investors can execute trades of $10,000 with an initial margin requirement of $50. However, it is important to remember that while this type of leverage allows investors to maximize their profit potential, the potential for loss is equally great. A more pragmatic margin trade for someone new to the FX markets would be 20:1 but ultimately depends on the investor's appetite for risk.

10 laws of forex trading

10 laws of FOREX trading

Every bussiness venture has rules guiding it.these rules are created to help a trader or any individual wanting to enter a particular bussiness venture to know the secrets,standing principles and the don'ts guiding the bussiness.FOREX trading is no exception,if you break any of these rules,you are bound to fail as a trader.there are risks involed in trading in foreign currencies and the following laws are a must keep for any intending or already trading individual.

1. do not open a live trading accunt without first trading with a demo account.

2.you must trade with a demo account for at least 100 days.if you don't make profits when trading with a demo account then you will not also make profits with a live account.

3.always analyse the market trends before entering a trade.

4.Always check yourv time zone before beggining a trade.

5.Never trade without a stop loss order in place.

6.Do not include wicks when determining whether there is an engulfing candle.

7.Don't ever trade by guessing.

8.Always calculate your pivot point with the previous days reading before trading.

9.join online forex forums to learn new trading methods to boost your income.

10.be a disciplined trader,dont always go by speculation,always be sure.