Forex Trading is one business i am also into. You hear people speak as if it is a fraudulent enterprise simply because they do not know or understand what it is all about.
I am writing here to try and de-mystify forex trading or 'forex' as most people call it.
Firstly Forex is simply FOREIGN EXCHANGE. In this sense what is foreign exchange? Foreign exchange in this sense is foreign currency or some times may refer to foreign stock (as in NASDAQ, DOW JONES,GOLD, Platimuim)..locally Nestle, Nigerian Breweries, First bank, Intercontinental Bank, IA Insurance, etc.
So simply put, forex trading is trading currencies or stocks. Example as i write 1 dollar is worth 160 Naira in the currency market. This is quoted as USD/NAIRA=160.00 meaning 1 Dollar = N160. If you believe dollar is appreciating in value with regards to Naira this means that the value of 1dollar maybe increasing from N160 to say N180.
When the price was N160 you buy some dollars and keep them until when the price is now N180, then if you sell the Dollars at this current price of N180, you obviously make profit. Example if you spent N200,000 (200 hundred thousand naira) to buy dollars at N160, you would have bought 200,000/160 = $1250. When the price of 1 dollar becomes N180, you sell the $1250 and that would be $1250 x N180 = N225,000 so you make a profit of N200,000 - N225,000 = N25,000.(Twenty-five thousand naira) trading currencies like that. If however the price falls from that N160 to say N157 notice that you would make N157 x $1250 = N196,250 which is a loss of N200,000-N196,250 = N3,750.
This is how the forex market is traded but with currencies of different countries. This is also how stocks are traded in the Nigerian Stock Exchange floor through stock brokers.
In the currency market you also have foreigh currency brokers who automate the process of buying and selling through websites and data bases of prices. People study the price changes in charts and through news (economic/political news)and then decide to buy one currency or sell the other. The currencies are normally paired like EUR/USD ie Euro/dollar, GBP/JPY ie Pounds/Yen, etc.
These brokers hold your money in their account (leveraged, margin account) while you perform the trading through their platform (buying or selling for profit). Which means you must register a trading account and deposit your money with them through bank wire or credit card or some online currency eg Alertpay or Liberty Reserve.
The technicality of trading these currencies is what you have to learn for you to trade successfully. Just like you sent your money to the broker, you could request and withdraw money from your account with the broker after you have traded and made profits. If you traded and made losses such that all monies in your account were gone, you don't get any to withdraw and you lost.
So Forex trading is not a mirage, it is real automated buying and selling of currencies and stocks.
The only problem is that internet has made it to be done online and so you can get brokers that are fake and unregistered and they take your money and close the web site after some time and would not pay people who invested and traded through their website. Note that prices of these currencies and stocks are periodically fed into the database so that you could see as prices of one currency with respect to another change in a chart. This and some technical studies and economic news enable you make a decision whether to trade a currency pair or not. Currency pairs are normally called trading instruments eg USD/NAIRA, EUR/USD, NZD/USD, EUR/JPY, USD/CAD, etc.and these are usually quoted with their prices eg EUR/USD = 1.4076 ie 1 Euro costs 1.4076 dollars, NZD/USD = 0.6529 ie 1 Newzealand Dollar costs 0.6529 Dollar. etc. The Broker trading platform presents these pairs/prices with BUY or SELL button to click and then a window where you put the units you are buying or selling appears and as you click OK, Puuuummmm..you are in a trade. Some use BID or ASK too. When you are up in profit, you click the transaction ID on your account and option to close appears and you can click and close with ease and your profit/loss is instantly added to you money...simple? See it's just a case of buying/selling of currencies or stocks automatically.
You can comment or ask questions here.
I tried to use plain language here instead of forex jagon.
.....To be continued
Thursday, July 30, 2009
Sunday, June 28, 2009
Another Sense in Marketing/Making online cash---PTR/C sites
Another very reliable way you can get into communities of people on internet for them to see your site and you make more online business is through sending your site banners/urls to Paid-To-Read or Paid-To-Click sites. You can be a member and advertise your site and also view other peoples' sites and get paid for it!
There are many scam PTR/C sites but basically if a site's admin/support is always available and responsive, then it's a good sign. Another good sign is when the payout limit is not too high, that means you can easily reach payout and see if the site pays as it promised.
Third good sign is when the pay per view or pay per click is reasonable. Generally a site that pays between 0.1cent, 1/4cent, 0.5 cents to 2 cents per view/click is reasonble and to confirm this, you have to check the charges the site takes from advertisers and compare with what goes to members who click/read the ads. If admin charges are so small and pay per click/view is high then it's obviously unsustainable and will turnout a scam site.
A fourth sign of good PTR/C site is when the site is continuously putting innovations and real good promotions to encourage members and also get new people to join. Some do ads raffles, Ads give-aways with any purchased advertising. Example is Christyclix, Some pay for bringing advertisers, example is Bux.gs. Such innovations encourage members.
A fifth sign is ofcourse is if the site pays as it says it would and on time too. These days we have sites that pay instantly as you reach payout, click the button and request payment, especially sites that pay through a payment option called ALERTPAY.
Remember you can purchase advertising from these sites with as little as $1 for views to your site/s. You can also be a member by signing up at these sites and making money for yourself by reading/clicking to view other members/advertisers sites. A win-win for you.
Payout limits could normally range between $0.25, $1, $2 to $10 depending on the site admin's choice. When payout limits are too hign it's obviously difficult to reach in good time and may signal a run-away site/admin (scam), so avoid such sites.
The payout options/means adopted by these PTR/C sites differ but basically include some of the following main e-payment sites: Alertpay.com, Paypal.com, LibertyReserve.com, e-gold.com, evowallet.com, solidtrustpay, and many others. The payment system supported by the PTR site is usually made known on the site home page or at the FAQ page.
Now i belong to many of these sites and i encourage you to look at them and sign up to a few and test them for yourself. They make great communities for friendship and advertising and for making some cash too. As a member you can upgrade your status by paying some admin- stipulated charges in these sites and actually earn more when you visit advertised sites.
See some of them below (over a dozen) and look through. Anyone with zero payout means i'm still testing it unless i specify that it is reliable. If you join through my signup link, it would make me happy.
1. MATRIXMAILS:
Get paid to read paid emails...Get paid to click and visit sites...Get paid to sign up offers
Get paid to play games...Get paid to write articles...Get paid to refer other people up to 6 Levels.
Lifetime bonuses according to personal earnings...
Sign up here: http://www.matrixmails.com/?p=default&rid=65726
Payment method: Paypal or Alertpay. Paying since 2002
Payout limit at $2
PAID ME 4-Times
Signup here: http://www.bgpaymail.com/pages/index.php?refid=kingn
There are many scam PTR/C sites but basically if a site's admin/support is always available and responsive, then it's a good sign. Another good sign is when the payout limit is not too high, that means you can easily reach payout and see if the site pays as it promised.
Third good sign is when the pay per view or pay per click is reasonable. Generally a site that pays between 0.1cent, 1/4cent, 0.5 cents to 2 cents per view/click is reasonble and to confirm this, you have to check the charges the site takes from advertisers and compare with what goes to members who click/read the ads. If admin charges are so small and pay per click/view is high then it's obviously unsustainable and will turnout a scam site.
A fourth sign of good PTR/C site is when the site is continuously putting innovations and real good promotions to encourage members and also get new people to join. Some do ads raffles, Ads give-aways with any purchased advertising. Example is Christyclix, Some pay for bringing advertisers, example is Bux.gs. Such innovations encourage members.
A fifth sign is ofcourse is if the site pays as it says it would and on time too. These days we have sites that pay instantly as you reach payout, click the button and request payment, especially sites that pay through a payment option called ALERTPAY.
Remember you can purchase advertising from these sites with as little as $1 for views to your site/s. You can also be a member by signing up at these sites and making money for yourself by reading/clicking to view other members/advertisers sites. A win-win for you.
Payout limits could normally range between $0.25, $1, $2 to $10 depending on the site admin's choice. When payout limits are too hign it's obviously difficult to reach in good time and may signal a run-away site/admin (scam), so avoid such sites.
The payout options/means adopted by these PTR/C sites differ but basically include some of the following main e-payment sites: Alertpay.com, Paypal.com, LibertyReserve.com, e-gold.com, evowallet.com, solidtrustpay, and many others. The payment system supported by the PTR site is usually made known on the site home page or at the FAQ page.
Now i belong to many of these sites and i encourage you to look at them and sign up to a few and test them for yourself. They make great communities for friendship and advertising and for making some cash too. As a member you can upgrade your status by paying some admin- stipulated charges in these sites and actually earn more when you visit advertised sites.
See some of them below (over a dozen) and look through. Anyone with zero payout means i'm still testing it unless i specify that it is reliable. If you join through my signup link, it would make me happy.
1. MATRIXMAILS:
Get paid to read paid emails...Get paid to click and visit sites...Get paid to sign up offers
Get paid to play games...Get paid to write articles...Get paid to refer other people up to 6 Levels.
Lifetime bonuses according to personal earnings...
Sign up here: http://www.matrixmails.com/?p=default&rid=65726
Payment method: Paypal or Alertpay. Paying since 2002
Payout limit at $2
PAID ME 4-Times
2. BGPAYMAILS:
Paid to read...Paid to click....Paid to signup for offers. Responsive admin/members.. and lots of freebies from admin. 2cent per each page view.
Payment method: Paypal & Alertpay, E-gold. Paying since 2004!
Payout limit at $3
PAID ME 5-Times
PAID ME 5-Times
3. NEOBUX
At NeoBux you get paid just by browsing our sponsor's ads.
Unlike many other PTC sites, Major goal is to innovate and reach the needs of users as well as our advertisers. Choose from a variety of click packs, 1-2 cents per click, Pay and receive instantly!
Unlike many other PTC sites, Major goal is to innovate and reach the needs of users as well as our advertisers. Choose from a variety of click packs, 1-2 cents per click, Pay and receive instantly!
Signup here: http://www.neobux.com/?r=kingn
Payment method: Alertpay or Paypal
Payout limit at $2, next $3, etc instantly.
PAID ME 1-Times
4. UPBUX
Joining will allow you to earn extra cash. Want to promote your website/earn too? Join Upbux. You will get paid instantly, within seconds each time you reach the minimum payout and request it! Payments are processed instantly, meaning you pay and receive in seconds!
Signup here:
http://www.upbux.com/r?r=kingn
http://www.upbux.com/r?r=kingn
Payment method: Alertypay or Paypal
Payout limit at $2 instantly
PAID ME 0-times
5. CHRISTYCLIX (reliable site)
Paid to Click & Read $0.0025 per page view
Paid to Signup
Paid Emails
Low, fast $1 Payout!
Honest Site - View Our Payout Proofs
Free Click Exchange & Downline Builder
Paid to Signup
Paid Emails
Low, fast $1 Payout!
Honest Site - View Our Payout Proofs
Free Click Exchange & Downline Builder
Signup here: http://www.christyclix.com/index.php?ref=kingn
Payment method: Alertpay or Paypal
Payout limt at $1
PAID ME 0-times
6. HAPPYPIGMAIL (reliable site)
Increase traffic to your website and get exposure to your goods and services
They have 100% Opt-In Members Eager To View Your Ads. Get rewarded for viewing advertisers' websites, products and services
Prices are highly sustainable and you get fair link values.($0.0025 per page view)
They have 100% Opt-In Members Eager To View Your Ads. Get rewarded for viewing advertisers' websites, products and services
Prices are highly sustainable and you get fair link values.($0.0025 per page view)
Signup here: http://happypigmail.com/pages/index.php?refid=kingn
Payment method: Alertpay or Paypal or E-gold
Payout limit at $1
PAID ME 1-Times
7. BUX.GS
It's easy! You just click a link and view a website for 30 seconds to earn money. You can earn more referring friends. You'll get paid up to $0.015 for each website you view and up to $0.01 for each website your referrals view. At Bux.gs you can target your purchased advertisement to your own country (geographical targeted advertising). You wouldn't want to waste your money advertising your small national company to people living on the other side of the world, would you? This is an optional feature for your advertisement. If you help us getting advertisers, you'll be given a 0.1 cent/click comission on every click ads purchase they make.
Signup here: http://bux.gs/advertise.php?ref=kingn
Payment method: Paypal or Alertpay
Payout limit at $9
PAID ME 0-Times
8. HE-SAYSSHE-SAYS (reliable site)
Join He-SaysShe-Says And Earn Fantastic Rewards! Read email, visit websites, earn cash back for shopping, complete paid offers, join programs and much much more!!! $0.0025 per ad clicks/view.
Since July, 2003 they have continued to provide a loyal customer base for advertisers. You choose the Category/Country that best suits your product, program or service.
Payment method: E-gold, Paypal or Alertpay
Payout limit at $8.5
PAID ME 0-Times
HAPPY INTERNET SURFING ALWAYS TO YOU.
Nnawag.,
See ya some other time.
Friday, January 26, 2007
Growing Your Online Business-1
In these days of great competition many avenues are available for growing your online business. It is no longer a secret that for success in your business you need targeted exposure to your web sites and business.
Many options are there all over the cyberspace and offline to do this but your success depends on positive response to your marketing effort.
For many years I struggled with getting my sites and business patronised and or getting sign up for my affiliate programs I participated in.
Some of the efforts I made were in using PTR sites, Hit exchanges, Auto-surfs, Email leads (bought or harvested from sites, etc), Auto responders, and much more...safelists! But these never gave much results leading to frustration on my Online business endeavors. I don't know if you have also tried these futile methods to try grow your own business. However, I have recently researched and found other better means of getting across to a community of friendship and business.
Now I have a grown community of business men and women who are ready to team with me at every reasonable opportunity that comes and this with a very warm reception, no spams and or complaints of spams.
Want to know how this was done? Want to know how to lift your online business to high levels? Want to know how to send your business across to many willing to read about your stuff and listen to you?
Then visit my blog often and I will be updating here free these business community spots as I research and fish them out.
You don't need much of email marketing, safelists, PTRs that don't produce results and even the so called 'leads' fail. All you need is a community of business people from around the world who meet you online or offline in friendship and then business follows. This is the best approach for business growth. As you create relationship and trust, surely it becomes easier to do business in a symbiotic atmosphere and the results would surprise you.
Do you want to know where this kind of relationship exists online? I bet by the time you get linked you would after few hours of your commitment to the communities find out why I am so much so writing in this manner. It's mind blowing, straight to nail's head and result oriented and gets you going with your business knowing that you at least have a group of people who none the least would be responsible...even at an opportunity.
Before you sale your product you need to know what you want, how to target your audience, train your prospect, assist them as they get involved, create a cordial relationship that encourages them to get going until you with your prospects hit the Naira and Dollars through conserted efforts and mutual understanding.
Your Business model must be clearly understood and easy to follow and reproduce. This then calls for great foundational effort on your part as the originator of the business. Free trainings, tutillage and loans are very effective ways of geting your business off the float. Some of the prospects do not have cash to begin and some do not trust that what you offer can be achieved. Sometimes when you give loan to them and they finally make enough and payback your loan, it gives them confidence to continue and make your relationship stronger. An outright gift to start up is also very encouraging.
Now One of the communities you need to join and test out are listed here. Guess what?...This community site gives you FREE TOP KEYWORD position (linking your business in the search engine) and up to $50 in free advertising dollars which you can take advantage of while growing your community and the site has branches/sister sites that create an overwhelming opportunity to growing your business community: Classifieds,Video Ad portal, Ecards, Friends, Social Bookmarking, etc......Just take a look at this link below...it would blow you away by the time you understood how this community would lift your business without paying a cent or kobo:
http://adzquik.com/index.php?referid=kingn
Go here and check this one out too and get your own free adverts in.You can even make money right away:
http://www.upbux.com/r?r=kingn
Don't forget to join this friends community http://www.bizzyblogz.biz/nnawag/, that's where it happens the most to help grow a business.
Next time around I would sure get you another community that would be as interesting as Bigdaddysearch.....until then see you here.
Bye bye
Nnawag
Many options are there all over the cyberspace and offline to do this but your success depends on positive response to your marketing effort.
For many years I struggled with getting my sites and business patronised and or getting sign up for my affiliate programs I participated in.
Some of the efforts I made were in using PTR sites, Hit exchanges, Auto-surfs, Email leads (bought or harvested from sites, etc), Auto responders, and much more...safelists! But these never gave much results leading to frustration on my Online business endeavors. I don't know if you have also tried these futile methods to try grow your own business. However, I have recently researched and found other better means of getting across to a community of friendship and business.
Now I have a grown community of business men and women who are ready to team with me at every reasonable opportunity that comes and this with a very warm reception, no spams and or complaints of spams.
Want to know how this was done? Want to know how to lift your online business to high levels? Want to know how to send your business across to many willing to read about your stuff and listen to you?
Then visit my blog often and I will be updating here free these business community spots as I research and fish them out.
You don't need much of email marketing, safelists, PTRs that don't produce results and even the so called 'leads' fail. All you need is a community of business people from around the world who meet you online or offline in friendship and then business follows. This is the best approach for business growth. As you create relationship and trust, surely it becomes easier to do business in a symbiotic atmosphere and the results would surprise you.
Do you want to know where this kind of relationship exists online? I bet by the time you get linked you would after few hours of your commitment to the communities find out why I am so much so writing in this manner. It's mind blowing, straight to nail's head and result oriented and gets you going with your business knowing that you at least have a group of people who none the least would be responsible...even at an opportunity.
Before you sale your product you need to know what you want, how to target your audience, train your prospect, assist them as they get involved, create a cordial relationship that encourages them to get going until you with your prospects hit the Naira and Dollars through conserted efforts and mutual understanding.
Your Business model must be clearly understood and easy to follow and reproduce. This then calls for great foundational effort on your part as the originator of the business. Free trainings, tutillage and loans are very effective ways of geting your business off the float. Some of the prospects do not have cash to begin and some do not trust that what you offer can be achieved. Sometimes when you give loan to them and they finally make enough and payback your loan, it gives them confidence to continue and make your relationship stronger. An outright gift to start up is also very encouraging.
Now One of the communities you need to join and test out are listed here. Guess what?...This community site gives you FREE TOP KEYWORD position (linking your business in the search engine) and up to $50 in free advertising dollars which you can take advantage of while growing your community and the site has branches/sister sites that create an overwhelming opportunity to growing your business community: Classifieds,Video Ad portal, Ecards, Friends, Social Bookmarking, etc......Just take a look at this link below...it would blow you away by the time you understood how this community would lift your business without paying a cent or kobo:
http://adzquik.com/index.php?referid=kingn
Go here and check this one out too and get your own free adverts in.You can even make money right away:
http://www.upbux.com/r?r=kingn
Don't forget to join this friends community http://www.bizzyblogz.biz/nnawag/, that's where it happens the most to help grow a business.
Next time around I would sure get you another community that would be as interesting as Bigdaddysearch.....until then see you here.
Bye bye
Nnawag
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