If you're one of the millions of people baffled by the financial news, you've probably heard of a term called 'leverage'. When used in forex programs, leverage is a very useful tool, and we're going to explain some key concepts about both forex and leverage in the next few paragraphs.
Right now, leverage is something of a 'dirty word', because investment banks made a hash out of overleveraging their positions during the housing bubble. A lot of forex traders do the same thing, but it's still a useful tool.
Here's how it works: You want to buy an option on several hundred thousand units of a currency, which you expect to be able to sell at a profit in a short period of time (hours to days on the outside). The problem is that you don't have the money to buy all that currency yourself.
So you talk to your broker, who lends you the money to buy the currency. The currency goes up, you sell it, pay back the broker with interest, and have a significantly larger profit.
Foe example, if everything works out right, you can take $1,000 of your own money, use it as collateral for a $19,000 loan, make 4% on the swing on the $20,000 currency trade you executed, turning $20,000 into, pay your broker about $200 for the use of their $19,000, and walk way with a $600 profit on your original $1,000 investment in the course of a few hours.
This is a fairly idealized transaction, and a lot of brokers try to pool small investors together to get more favorable rates on making leveraged bids. They can also be made 'in reverse' when you're playing a short position.
The problem with leverage is that it magnifies the risk. If you guess wrong, you may end up losing more money on a leveraged transaction than if you'd not taken the loan out entirely. While it's a valuable tool, it's the financial services equivalent of playing with a chainsaw.
This is the very basics on using leverage to swing bigger trades as a forex trader. There's a lot more to it, but with this, you should be able to understand a lot of what you're seeing down the road.
Wednesday, October 6, 2010
Use Forex Leverage to Make Money Fast
In forex trading (also know as foreign currency exchange or fx trading), you have the advantage of very high leverage, where you only have to pay a small part of the full value of your trading position. The high leverage level of currency trading allows you to make huge investments with small capital, unlike the stock market, where you have to pay the full amount of the purchase for the stocks.
The leverage level for currency trading can be as high as 200:1 or 100:1, depending on the forex broker that you are trading with, as well as on the size of the trading position. For example, if you want to buy $100,000 EUR/USD at the leverage of 200:1, you only have to deposit $500 into your trading account.
Financial institutions, corporations as well as individual investors have long used the advantage of forex leverage to significantly enlarge their trading profits by hundreds of times. In the forex market, the currency movements are in very small third and fourth decimal points, which are really just fractions of a cent. In order to earn decent profits, the trades are usually carried out in big amounts to allow these tiny price movements to be magnified, thereby allowing you to make money fast.
You have the freedom and the flexibility to select the leverage amount that you would like to trade with, based on your trading style, personality, risk tolerance and money management preferences. However, it is very important that you must always bear in mind that leverage can work for you, or against you in the same magnitude. Forex leverage can enlarge your profits, or your losses.
That is why it is of utmost importance that you know what you are doing before you start dabbling in currency trading. If it is done successfully, you can be very rich in a very short period of time, but if you do not know what you are doing, you can be in big trouble too.
The leverage level for currency trading can be as high as 200:1 or 100:1, depending on the forex broker that you are trading with, as well as on the size of the trading position. For example, if you want to buy $100,000 EUR/USD at the leverage of 200:1, you only have to deposit $500 into your trading account.
Financial institutions, corporations as well as individual investors have long used the advantage of forex leverage to significantly enlarge their trading profits by hundreds of times. In the forex market, the currency movements are in very small third and fourth decimal points, which are really just fractions of a cent. In order to earn decent profits, the trades are usually carried out in big amounts to allow these tiny price movements to be magnified, thereby allowing you to make money fast.
You have the freedom and the flexibility to select the leverage amount that you would like to trade with, based on your trading style, personality, risk tolerance and money management preferences. However, it is very important that you must always bear in mind that leverage can work for you, or against you in the same magnitude. Forex leverage can enlarge your profits, or your losses.
That is why it is of utmost importance that you know what you are doing before you start dabbling in currency trading. If it is done successfully, you can be very rich in a very short period of time, but if you do not know what you are doing, you can be in big trouble too.
Forex Leverage - A Double-Edged Sword
Forex leverage could be described as the needed amount of money given to you by your trading platform or broker to enable you participate in forex trading with little commission. This money is given to you to boost the amount of money you trade with in the market These leverages is what makes most traders attracted to trading forex.
But forex leverage is a double edged sword because in as much as it can help you make more profit, it can also cause huge losses. Forex trading does offer high leverage in the sense that for an initial margin requirement, a trader can build up and control a huge amount of money. To get the value of margin based leverage, divide the total transaction value by the amount of margin you are required to put up.
Margin-based leverage = (Total value of transaction)/(Margin required)
It is also advisable to use 1:100 leverage in forex trading to avoid higher risk. If you are required to deposit 1% of the total transaction value as margin and you intend one mini lot of USD/CHF which is equivalent to US$10,000 the margin required would be US$100. Thus, your margin-based leverage will be 100:1 (10,000:100).
Margin-based leverage in ratio Meaning
1. 1:400 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 400 lot
2. 1:200 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 200 lot
3. 1:100 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 100 lot
You can make decent profits and losses during trading when you monitor currency movements in pips which is magnified through the use of leverage. When you trade with a big amount by using higher leverage, a small in the price of currency can result in significant profits or losses.
But forex leverage is a double edged sword because in as much as it can help you make more profit, it can also cause huge losses. Forex trading does offer high leverage in the sense that for an initial margin requirement, a trader can build up and control a huge amount of money. To get the value of margin based leverage, divide the total transaction value by the amount of margin you are required to put up.
Margin-based leverage = (Total value of transaction)/(Margin required)
It is also advisable to use 1:100 leverage in forex trading to avoid higher risk. If you are required to deposit 1% of the total transaction value as margin and you intend one mini lot of USD/CHF which is equivalent to US$10,000 the margin required would be US$100. Thus, your margin-based leverage will be 100:1 (10,000:100).
Margin-based leverage in ratio Meaning
1. 1:400 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 400 lot
2. 1:200 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 200 lot
3. 1:100 That means for every 1 lot/dollar you want to trade with, your broker will give you additional 100 lot
You can make decent profits and losses during trading when you monitor currency movements in pips which is magnified through the use of leverage. When you trade with a big amount by using higher leverage, a small in the price of currency can result in significant profits or losses.
Forex Trading - Use Forex Leverage Wisely
The Forex trade market has a distinct special feature that allows you to earn enormous profits fast- leverage. However, you have to use Forex leverage wisely as it can also bring you big loses fast, and even wipe out your investment completely.
Here's how Forex leverage works. You will have the power to trade your one (1) dollar capital to a position worth one hundred (100) dollars and generate profit from the one hundred (100) dollars, working on a ratio of 1:100. The leverage rates in Forex can go very high depending on the offer of the brokers. Do you now see the potential of earning huge profits just by leveraging?
But there's a downside to this feature. The risk of incurring big loses is equal as that of earning your huge profits. What this means is that with the ability of Forex leverage to transform the trade one (1) hundred times bigger, you are also capable to lose your capital by as much. Again, based on a ratio of 1:100, if the trade goes against your favor, you can lose your entire capital even on a single trading with leverage.
It is crucial therefore to know how and when to use Forex leverage to your advantage. Leveraging is used by Forex brokers often to attract people to trade big so the brokers themselves can earn big, as they earn interest from the amount that they lend you as leverage.
Forex leverage is an easy tool to earn big profits from the trade as long as you learn how to use it judiciously. You should be able to balance the upside and downside of leveraging to earn optimum results with minimal risks.
Here's how Forex leverage works. You will have the power to trade your one (1) dollar capital to a position worth one hundred (100) dollars and generate profit from the one hundred (100) dollars, working on a ratio of 1:100. The leverage rates in Forex can go very high depending on the offer of the brokers. Do you now see the potential of earning huge profits just by leveraging?
But there's a downside to this feature. The risk of incurring big loses is equal as that of earning your huge profits. What this means is that with the ability of Forex leverage to transform the trade one (1) hundred times bigger, you are also capable to lose your capital by as much. Again, based on a ratio of 1:100, if the trade goes against your favor, you can lose your entire capital even on a single trading with leverage.
It is crucial therefore to know how and when to use Forex leverage to your advantage. Leveraging is used by Forex brokers often to attract people to trade big so the brokers themselves can earn big, as they earn interest from the amount that they lend you as leverage.
Forex leverage is an easy tool to earn big profits from the trade as long as you learn how to use it judiciously. You should be able to balance the upside and downside of leveraging to earn optimum results with minimal risks.
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Forex broker with maximum leverage and minimum spread | Understanding leverage and the forex exchange
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The currency market is a place where big money can be earned. This market has an average trading volume of over 3 trillion dollars, and the number of participants is growing every day. The forex market allows you to use one very special feature that is not as common in the stock market: leverage. However, the leverage of the forex market is not a simple 1:2 leverage, but 1:100, and sometimes even 1:400. This means that for every dollar you have in your account, you can trade one hundred dollars and profit from those hundred dollars.
Leverage can be great when the trade is going in your favor. Since the leverage makes the trade a hundred times bigger, your profits are also a hundred times bigger. This means if the currency pair moves 1% in your favor, you made a profit of 100%, or doubled your money. If the currency pair moved 3%, your multiplied the investment by four. With higher leverages, even a change of 0.5% can quadruple your money.
Although leverage is great, it can also wreck havoc on your trading account. Just as your profits, your losses are also multiplied by the leverage. If a trade is going 0.3% against you, you are losing 30%. If it is going 1% against you, your entire investment is gone. If you invested all your account balance into that trade, you will need to fund your account again.
The ugly truth behind leverage is that it is a great tool by brokers to lure traders and make huge profits. Leverage is a type of loan, so the broker is earning interest on the money it lends you for leverage. Also, brokers use leverage to attract traders, but they hide the risks behind shiny presentation of profits. Honest brokers mention that leveraging your positions can bring big losses with them as well as huge profits.
Handling leverage is very easy, and should be exercised by any trader. When opening a trade, make sure to select the proper amount of leverage. Most good trading systems automatically adjust the leverage for optimal results and minimal risks. This way you can enjoy both worlds - profit from leverage, but not be harmed too much from leveraging a losing trade.
Forex Leverage - The Good, the Bad, and the Ugly
The currency market is a place where big money can be earned. This market has an average trading volume of over 3 trillion dollars, and the number of participants is growing every day. The forex market allows you to use one very special feature that is not as common in the stock market: leverage. However, the leverage of the forex market is not a simple 1:2 leverage, but 1:100, and sometimes even 1:400. This means that for every dollar you have in your account, you can trade one hundred dollars and profit from those hundred dollars.
Leverage can be great when the trade is going in your favor. Since the leverage makes the trade a hundred times bigger, your profits are also a hundred times bigger. This means if the currency pair moves 1% in your favor, you made a profit of 100%, or doubled your money. If the currency pair moved 3%, your multiplied the investment by four. With higher leverages, even a change of 0.5% can quadruple your money.
Although leverage is great, it can also wreck havoc on your trading account. Just as your profits, your losses are also multiplied by the leverage. If a trade is going 0.3% against you, you are losing 30%. If it is going 1% against you, your entire investment is gone. If you invested all your account balance into that trade, you will need to fund your account again.
The ugly truth behind leverage is that it is a great tool by brokers to lure traders and make huge profits. Leverage is a type of loan, so the broker is earning interest on the money it lends you for leverage. Also, brokers use leverage to attract traders, but they hide the risks behind shiny presentation of profits. Honest brokers mention that leveraging your positions can bring big losses with them as well as huge profits.
Handling leverage is very easy, and should be exercised by any trader. When opening a trade, make sure to select the proper amount of leverage. Most good trading systems automatically adjust the leverage for optimal results and minimal risks. This way you can enjoy both worlds - profit from leverage, but not be harmed too much from leveraging a losing trade.
Khem Krittreera - Thailand Hotels
Centre Point Silom Hotel, Bangkok
The recently renovated (2007) four star Centre Point Silom Hotel is one of seven Centre Point executive serviced apartments offering superior and comfortable accommodation in Bangkok. Situated on the banks of the Chao Phraya River, the hotel is close to the jewelry trade district, department stores, restaurants and entertainment venues, and within walking distance to the Saphan Taksin boat pier and BTS station, Silom and Sathon Roads. Spacious apartments provide fabulous city and river views, with excellent business and leisure facilities, including a swimming pool, sauna, fitness center, library, business center and free in-room Internet connections. To make your reservation at Centre Point Silom Hotel please proceed to our secure online booking form.
Elly Kim Hong - Thailand Hotels Resort Beach
Emerald Hotel, Bangkok
Set in the midst Bangkok’s popular commercial and business district known as “Ratchada”, the hotel provides 770 spacious rooms. The Emerald Hotel is situated close to the three large shopping malls, Robinson, Carrefour and Jusco. Aside from shopping malls and other entertainment options in the area, guests can easily explore other landmarks such as the Thailand Cultural Center. The Emerald Hotel is just a two-minute walk from the Huai Kwang subway station, giving guests easy access to places like Chatuchak weekend market, and the Chaophraya River. From the many on site restaurants guests can choose to dine on a variety of cuisines: Chinese, Japanese, and European. Emerald Hotel in Ratchada makes for a great choice of stay in the 'city of angels'.
Sexy Girls - Thailand Hotels
Chiangmai Phucome Hotel
The best accommodation in a convenient location The Chiangmai Phucome Hotel located close to Doi Suthep, not far form shopping center, 5 minutes from Chiangmai International Airport, just a few steps to Chiangmai University and 10 minutes to downtown.
The 576 rooms offer you views of Doi Suthep and its natural surroundings. A restful stay is assure at our Superior and Deluxe rooms or the Executive and Presidential suites, complemented by every modern convenience, to make your stay a pleasant and comfortable one.
Chiangmai Phucome Hotel is conveniently located at one of Chiang Mai`s. The hotel is only 10 minutes away from the airport, 20 minutes from Railway Station & Bus terminal. Just a few steps to Chiangmai University an d10 minutes to downtown.
Easy steps to host your website at your home
# "7 Easy Steps to Hosting your Website at Home" is a step by step guide for building your own web server and getting your own domain. This ebook will teach you the steps you need to take to turn your computer into a web server so you can host your website on your own system without the need to pay a hosting company.
# This 55-page ebook that will show you how to host your website yourself in 7 easy steps, on your own computer running Windows 95, 98, Me, 2000, XP or 2003. In this ebook I show you step by step, with screenshots, what you need to do to get started hosting your website today. Below are some of the things that I will show you:
-How to set up a web server. This includes installing and configuring either IIS, Apache or PWS to make your website accessible by anyone on the internet.
-How to get your own domain name (e.g., www.yourdomain.com).
-How to get people to access your site when they type your domain name in their browser.
-How to host multiple websites from one computer.
-How to configure your router so your website is accessible.
-How to host your site even if you IP address changes all the time (e.g., DSL, Cable).
-How to do all of this securely so you can host your website while at the same time protecting yourself from hackers.
-How to troubleshoot your website so you can become an expert in solving problems.
# This 55-page ebook that will show you how to host your website yourself in 7 easy steps, on your own computer running Windows 95, 98, Me, 2000, XP or 2003. In this ebook I show you step by step, with screenshots, what you need to do to get started hosting your website today. Below are some of the things that I will show you:
-How to set up a web server. This includes installing and configuring either IIS, Apache or PWS to make your website accessible by anyone on the internet.
-How to get your own domain name (e.g., www.yourdomain.com).
-How to get people to access your site when they type your domain name in their browser.
-How to host multiple websites from one computer.
-How to configure your router so your website is accessible.
-How to host your site even if you IP address changes all the time (e.g., DSL, Cable).
-How to do all of this securely so you can host your website while at the same time protecting yourself from hackers.
-How to troubleshoot your website so you can become an expert in solving problems.
Website Statistics, Web Analytics and Traffic Stats 2009 Review
As authentic by the Official WAA, web analytics is the collection, measurement, advertisement and assay of web based abstracts in adjustment to accept and optimize website usage.
There are two about accustomed categories of web analytics (and statistics); off-site and on-site. As its name denotes, off-site analytics and statistics includes the measurement, assay and advertisement of a website's abeyant admirers (opportunity), allotment of articulation (visibility), and fizz (comments) that is occuring on the Internet as a whole.
On-site analytics refers accurately to the web based measurement, assay and advertisement of specific abstracts on a accustomed website. This includes about-face elements (i.e. landing pages, avenue pages, etc.) On-site analytics measures the web based achievement of a website from a bartering perspective. When "web analytics" is acclimated in a bartering ambience a lot of humans are refering to on-site web analytics.
If you're searching for website statistics, chargeless web stats or analytics to advice you bigger accept your website's cartage again you've appear to the appropriate place. Beneath you'll acquisition our editor's best of top web analytics and statistics companies alms a array of chargeless website statistics casework and web analytics bales advised to advice you bigger accept and catechumen your website cartage in assisting business. We awful acclaim reviewing anniversary of the companies beneath to acquisition the best account for your needs.
There are two about accustomed categories of web analytics (and statistics); off-site and on-site. As its name denotes, off-site analytics and statistics includes the measurement, assay and advertisement of a website's abeyant admirers (opportunity), allotment of articulation (visibility), and fizz (comments) that is occuring on the Internet as a whole.
On-site analytics refers accurately to the web based measurement, assay and advertisement of specific abstracts on a accustomed website. This includes about-face elements (i.e. landing pages, avenue pages, etc.) On-site analytics measures the web based achievement of a website from a bartering perspective. When "web analytics" is acclimated in a bartering ambience a lot of humans are refering to on-site web analytics.
If you're searching for website statistics, chargeless web stats or analytics to advice you bigger accept your website's cartage again you've appear to the appropriate place. Beneath you'll acquisition our editor's best of top web analytics and statistics companies alms a array of chargeless website statistics casework and web analytics bales advised to advice you bigger accept and catechumen your website cartage in assisting business. We awful acclaim reviewing anniversary of the companies beneath to acquisition the best account for your needs.
ERP Analytics vs. BI for Manufacturing: Which Is Right for Your Organization?
Organizations are constantly looking for ways to maintain their competitive advantage and increase sales while lowering costs. Analytics helps organizations identify whether they are getting the most out of their resources. Is the money they spend going to good use? Are they proactively identifying ways to cut costs while maximizing resources?
Enterprise resource planning (ERP) solutions for manufacturers have analytics embedded within them. But do these systems actually give organizations the depth and breadth of analytics required to sustain a competitive advantage? Or is business intelligence (BI) for manufacturing the better solution?
In some cases, ERP analytics will be enough to meet an organization’s needs. But what about those organizations that aren’t lowering production costs, improving sales, or managing their supply chains effectively through the use of their current systems? In this case, BI for manufacturing may be the better way to meet and exceed an organization’s strategic goals. Let’s explore both options to help you determine which type of analytics is more beneficial to your organization.
Organizations using an ERP solution should ask themselves whether their ERP system helps them
* determine which customers are most profitable
* understand their company’s inventory worth
* track which items have remained in inventory for too long
* identify what products have the best margin growth
* recognize how company profits are developing
Organizations implementing an ERP solution need to have a continual view of the organization’s operational status, have access to business indicators that influence the organization, and have a visualization feature that provides management with constant access to business strategy. ERP analytics allows organizations to address these issues through financial, operations, and workforce-based analytics. But what does this really mean for the organization? Why are these analytics important as an enhancement for an ERP system?
Components of ERP Analytics
Aside from tracking order processing, getting products to the right place at the right time, and creating accurate sales forecasting, ERP analytics allow organizations to hone in on financial, operations, and workforce-based analytics to move beyond a traditional ERP solution and thus create and sustain a competitive advantage.
ERP analytics includes the following:
* Financial analytics, which help the organization develop business plans and budgets, and track performance during execution. Financial analytics includes financial and management reporting, planning, budgeting and forecasting, scorecards, working capital and cash flow management, and payment behavior analysis.
* Operations analytics, which help the organization optimize its supply chain, improve revenues, and increase customer satisfaction.
* Workforce analytics, which help the organization understand workforce trends, measure workforce processes and benchmark results against what is happening in the market, align business activities with the strategic goals of the organization, and measure the success of employee compensation programs.
How BI Differs
Organizations that want to move beyond the limited scope of ERP analytics and manage performance on an organization-wide level should consider a BI solution. This will help them move toward an inclusive approach to setting metrics, collaborating on tasks, and tying initiatives to the organization’s overall goals. By focusing on organization-wide business issues, a more cohesive view of the organization is created.
For manufacturers, the added value of implementing a BI solution includes
* Increase in profitability
o Gain visibility into demand and sales trends to minimize inventory investment.
o Analyze cost components and drivers to reduce the cost of goods sold.
* Improvement in sales performance
o Analyze sales trends and customer buying behavior.
o Monitor key sales, marketing, and revenue metrics.
o Analyze pipeline and performance by brand, product, customer, channel, and geography.
* Improvement of operational effectiveness
o Monitor key operational metrics.
o Identify and analyze excess, obsolete, or slow-moving inventory that can be scrapped or repurposed.
o Receive timely notification of events, such as late supplier delivery, changes in customer demand, or production stoppages.
* Optimization of the supply chain
o Evaluate supplier performance in terms of quality, delivery, and price.
o Monitor and analyze freight costs.
Enterprise resource planning (ERP) solutions for manufacturers have analytics embedded within them. But do these systems actually give organizations the depth and breadth of analytics required to sustain a competitive advantage? Or is business intelligence (BI) for manufacturing the better solution?
In some cases, ERP analytics will be enough to meet an organization’s needs. But what about those organizations that aren’t lowering production costs, improving sales, or managing their supply chains effectively through the use of their current systems? In this case, BI for manufacturing may be the better way to meet and exceed an organization’s strategic goals. Let’s explore both options to help you determine which type of analytics is more beneficial to your organization.
Organizations using an ERP solution should ask themselves whether their ERP system helps them
* determine which customers are most profitable
* understand their company’s inventory worth
* track which items have remained in inventory for too long
* identify what products have the best margin growth
* recognize how company profits are developing
Organizations implementing an ERP solution need to have a continual view of the organization’s operational status, have access to business indicators that influence the organization, and have a visualization feature that provides management with constant access to business strategy. ERP analytics allows organizations to address these issues through financial, operations, and workforce-based analytics. But what does this really mean for the organization? Why are these analytics important as an enhancement for an ERP system?
Components of ERP Analytics
Aside from tracking order processing, getting products to the right place at the right time, and creating accurate sales forecasting, ERP analytics allow organizations to hone in on financial, operations, and workforce-based analytics to move beyond a traditional ERP solution and thus create and sustain a competitive advantage.
ERP analytics includes the following:
* Financial analytics, which help the organization develop business plans and budgets, and track performance during execution. Financial analytics includes financial and management reporting, planning, budgeting and forecasting, scorecards, working capital and cash flow management, and payment behavior analysis.
* Operations analytics, which help the organization optimize its supply chain, improve revenues, and increase customer satisfaction.
* Workforce analytics, which help the organization understand workforce trends, measure workforce processes and benchmark results against what is happening in the market, align business activities with the strategic goals of the organization, and measure the success of employee compensation programs.
How BI Differs
Organizations that want to move beyond the limited scope of ERP analytics and manage performance on an organization-wide level should consider a BI solution. This will help them move toward an inclusive approach to setting metrics, collaborating on tasks, and tying initiatives to the organization’s overall goals. By focusing on organization-wide business issues, a more cohesive view of the organization is created.
For manufacturers, the added value of implementing a BI solution includes
* Increase in profitability
o Gain visibility into demand and sales trends to minimize inventory investment.
o Analyze cost components and drivers to reduce the cost of goods sold.
* Improvement in sales performance
o Analyze sales trends and customer buying behavior.
o Monitor key sales, marketing, and revenue metrics.
o Analyze pipeline and performance by brand, product, customer, channel, and geography.
* Improvement of operational effectiveness
o Monitor key operational metrics.
o Identify and analyze excess, obsolete, or slow-moving inventory that can be scrapped or repurposed.
o Receive timely notification of events, such as late supplier delivery, changes in customer demand, or production stoppages.
* Optimization of the supply chain
o Evaluate supplier performance in terms of quality, delivery, and price.
o Monitor and analyze freight costs.
Friday, October 1, 2010
Start Trading Forex
To start trading Forex, there is a quick way to get you going... Many peoples asking how they can get trading on a limited budget and it's very easy.
Essentially you need to open an account with a reliable broker such as Alpari, IBFX or Forex.com and get yourself a robot, such as the Forex MegaDroid and away you go.
The robot costs $100 and the rest goes into your trading account. Keep your risk settings at a sensible level and you will make money.
Some people currently run this robot on live accounts and the results show consistent growth of the trading account, even in the current choppy trading conditions.g
Essentially you need to open an account with a reliable broker such as Alpari, IBFX or Forex.com and get yourself a robot, such as the Forex MegaDroid and away you go.
The robot costs $100 and the rest goes into your trading account. Keep your risk settings at a sensible level and you will make money.
Some people currently run this robot on live accounts and the results show consistent growth of the trading account, even in the current choppy trading conditions.g
FOREX trading psychology: Learn to see the line between the trading plan and your emotional impulses
The vast majority of Forex education organizations fail to address the only true characteristic of a market place, the human nature.
You can easily find loads of charts, pivot points, moving averages, trend lines and all sorts of Fibonacci ratios, together with the latest in trading automation. Any Forex website publishes some or all of these data, along with myriads of other details, interviews and opinions.
You may even get entry and exit signals, support and resistance levels, all of which could appear as sufficient in the decision making process.
I was under the same impression as a beginner, I was at the same level as an intermediate trader and only heavy losses and low risk/reward decisions made me look for a different approach to trading.
If you are aware of the importance of having a trading plan for each trade you plan to initiate, then you must be familiar with moments of doubt, when following the opening of the trade, the market goes awry, together with your emotions and self-esteem.
Do you feel frustrated? Join the vast club of frustrated professional Forex traders.
When you see the market moving against all odds and logic, your emotional self cries for an immediate position reversal (SHORT from LONG and vice-versa), in a complete disregard of your own trading plan.
On the other hand, all your training books, videos and mentors have pumped the "trading plan supremacy" into your brain.
While the viable solution seems to reside in the robotic way of trading the plan, a professional operator must learn to listen to his or her "hidden partner", the subconscious.
Our brain is capable of storing immense quantities of data, without us being aware of it. Our five senses perceptions are in constant use and they permanently add to our overall life experience. While our subconscious is capable of dealing with all this seamlessly, the conscious mind has only a very limited operational capacity, primarily used to help us dealing with our daily tasks.
As we trade, ALL our experiences are deposited deep within our brain, slowly building up what I call the unseen analyst. This is what you may call the sixth sense or the instinct traders develop as they progress.
As the name of the game with Forex trading is VOLATILITY and 80% of all trades do not last more than 2-3 days, with the vast majority of them being daytrades, it is easy to accept that conditions can and will change in a heartbeat, rendering most trade plans obsolete.
The only way to alleviate the contradictions between your emotional self and the heavily trained brain is to learn how to give them priority over time.
As a beginner, you simply cannot have the emotional experience to "feel" anything related to the market processes and therefore it is advisable to rely completely on the mechanisms of a trading plan.
At this stage, take your time to learn how to interpret the charts, prepare yourself according to the daily economic calendar and how to construct a comprehensive trading plan. Once you took a trading decision, stick with it, no matter what. At this stage, you are a robot, implementing a trading strategy.
Your emotional weight should be nonexistent in the economy of the trade.
As you progress along the path of becoming a professional Forex operator, your unseen analyst will start adjusting your trading decisions, silently participating in your trading decision process.
It is now the time to make room to your "feel", to accommodate your growing sentiment of "feeling the market".
Your emotional weight should now become an accepted presence.
You will soon learn how to adjust this "mix" in a way to achieve the optimal trading performance.
You can easily find loads of charts, pivot points, moving averages, trend lines and all sorts of Fibonacci ratios, together with the latest in trading automation. Any Forex website publishes some or all of these data, along with myriads of other details, interviews and opinions.
You may even get entry and exit signals, support and resistance levels, all of which could appear as sufficient in the decision making process.
I was under the same impression as a beginner, I was at the same level as an intermediate trader and only heavy losses and low risk/reward decisions made me look for a different approach to trading.
If you are aware of the importance of having a trading plan for each trade you plan to initiate, then you must be familiar with moments of doubt, when following the opening of the trade, the market goes awry, together with your emotions and self-esteem.
Do you feel frustrated? Join the vast club of frustrated professional Forex traders.
When you see the market moving against all odds and logic, your emotional self cries for an immediate position reversal (SHORT from LONG and vice-versa), in a complete disregard of your own trading plan.
On the other hand, all your training books, videos and mentors have pumped the "trading plan supremacy" into your brain.
While the viable solution seems to reside in the robotic way of trading the plan, a professional operator must learn to listen to his or her "hidden partner", the subconscious.
Our brain is capable of storing immense quantities of data, without us being aware of it. Our five senses perceptions are in constant use and they permanently add to our overall life experience. While our subconscious is capable of dealing with all this seamlessly, the conscious mind has only a very limited operational capacity, primarily used to help us dealing with our daily tasks.
As we trade, ALL our experiences are deposited deep within our brain, slowly building up what I call the unseen analyst. This is what you may call the sixth sense or the instinct traders develop as they progress.
As the name of the game with Forex trading is VOLATILITY and 80% of all trades do not last more than 2-3 days, with the vast majority of them being daytrades, it is easy to accept that conditions can and will change in a heartbeat, rendering most trade plans obsolete.
The only way to alleviate the contradictions between your emotional self and the heavily trained brain is to learn how to give them priority over time.
As a beginner, you simply cannot have the emotional experience to "feel" anything related to the market processes and therefore it is advisable to rely completely on the mechanisms of a trading plan.
At this stage, take your time to learn how to interpret the charts, prepare yourself according to the daily economic calendar and how to construct a comprehensive trading plan. Once you took a trading decision, stick with it, no matter what. At this stage, you are a robot, implementing a trading strategy.
Your emotional weight should be nonexistent in the economy of the trade.
As you progress along the path of becoming a professional Forex operator, your unseen analyst will start adjusting your trading decisions, silently participating in your trading decision process.
It is now the time to make room to your "feel", to accommodate your growing sentiment of "feeling the market".
Your emotional weight should now become an accepted presence.
You will soon learn how to adjust this "mix" in a way to achieve the optimal trading performance.
GoDaddy review
With the 2009 SuperBowl just around the corner I decided to review the web hosting services of GoDaddy.com. As you may or may not know in the last several years GoDaddy has participated in a number of Superbowl commercials. (Which by the way you can preview on their website)
GoDaddy was started in 1997 by Bob Parsons, who is still the founder and CEO of the company.
They remain the largest ICANN domain registrar in the world with over 32 million domains currently under their management. GoDaddy has been included in the top 500 list of the fastest- growing, privately held companies in the nation for the last 3 years. They also participate in a list of charities too long to mention, but found under "Go Daddy Cares" on their website.
Besides domain registry GoDaddy also supplies:
Domain - purchase, management, renewals, transferring, auctions, and enhancements.
Hosting - plans, management, enhancements, and server plans.
Email - plans, management, enhancements, and marketing for your business.
SiteBuilders - enhancements, do it yourself plans, and build it for you plans.
Business - tools, reseller programs, ecommerce products, marketing tools, and gift cards.
SSL Certificates - purchase and management.
Reseller - Opportunities and management.
Unlike many webhosting companies that offer one or a few web hosting package options GoDaddy provides enough products to fit the needs of just about anyone wanting to design or start a website. Go Daddy does not provide "toll free" phone support. However, they have a ton of options to provide support such as (not outsourced) phone, email, FAQ, Knowledgebase, help guides, tutorials, glossary, and forum.
In our GoDaddy review we found their website to be very comprehensive yet easy to find the information you need, and fun stuff too(like their commercials) . Another advantage to GoDaddy is they do not require any long term contracts, they offer 12, 24, and 26 month discounts but do not require you to do so.
GoDaddy was started in 1997 by Bob Parsons, who is still the founder and CEO of the company.
They remain the largest ICANN domain registrar in the world with over 32 million domains currently under their management. GoDaddy has been included in the top 500 list of the fastest- growing, privately held companies in the nation for the last 3 years. They also participate in a list of charities too long to mention, but found under "Go Daddy Cares" on their website.
Besides domain registry GoDaddy also supplies:
Domain - purchase, management, renewals, transferring, auctions, and enhancements.
Hosting - plans, management, enhancements, and server plans.
Email - plans, management, enhancements, and marketing for your business.
SiteBuilders - enhancements, do it yourself plans, and build it for you plans.
Business - tools, reseller programs, ecommerce products, marketing tools, and gift cards.
SSL Certificates - purchase and management.
Reseller - Opportunities and management.
Unlike many webhosting companies that offer one or a few web hosting package options GoDaddy provides enough products to fit the needs of just about anyone wanting to design or start a website. Go Daddy does not provide "toll free" phone support. However, they have a ton of options to provide support such as (not outsourced) phone, email, FAQ, Knowledgebase, help guides, tutorials, glossary, and forum.
In our GoDaddy review we found their website to be very comprehensive yet easy to find the information you need, and fun stuff too(like their commercials) . Another advantage to GoDaddy is they do not require any long term contracts, they offer 12, 24, and 26 month discounts but do not require you to do so.
4 steps to make successful website
Very often you have experienced that your client is not happy in the very first attempt. You spend long working hours to make a design for him and in the end he just walk away without reasonable explanation. This is not happening only with you but a lot more like you. So what is that which everybody does not follow or do wrongly?
The answer is not following the drill. Yes, many of us rush through the designing process and do not follow it , resulting a failed design . A design fails when the designer directly jumps on to the final conclusion without preparing any blueprint and not following the process.
The process which every designer needs to follow before starting for a new design is as follows. Following it orderly will result in a successful design. The process includes:- Planning Content Building Designing Development
In brief:-Planning: - Planning is assimilating all the information about your client's needs and requirements. Put down your thoughts make a blueprint of the design which you have thought. A rough draft always helps. You must have all the required information about the design like the purpose and the objective. Content Building: - Where and how you are going to put the content. You mush have all the relevant information about the length of the content that needs to be put at a certain place. It is necessary because your images must supplement the content. The size of the content also affects the use of design. So you must know which content will fit where. Designing: - If you have followed your first two steps carefully and religiously then you must not have any problem. You have prepared the blueprint of the design; you know which content will be placed where, you just have to move your paintbrush keeping the client's requirement in mind. Development:- You are done with your design part, now comes its development. Now to make your design work you need to convert it into codes like HTML/XHTML/CSS/PHP. Now its your choice either you do it yourself or you can outsource it to any firm which worth your attention. You miss any step and you definitely put your whole website into danger. The most common mistake that a web designer generally make is they start thinking from step 3 and end with it only. This direct jump makes them to commit a blooper.
The answer is not following the drill. Yes, many of us rush through the designing process and do not follow it , resulting a failed design . A design fails when the designer directly jumps on to the final conclusion without preparing any blueprint and not following the process.
The process which every designer needs to follow before starting for a new design is as follows. Following it orderly will result in a successful design. The process includes:- Planning Content Building Designing Development
In brief:-Planning: - Planning is assimilating all the information about your client's needs and requirements. Put down your thoughts make a blueprint of the design which you have thought. A rough draft always helps. You must have all the required information about the design like the purpose and the objective. Content Building: - Where and how you are going to put the content. You mush have all the relevant information about the length of the content that needs to be put at a certain place. It is necessary because your images must supplement the content. The size of the content also affects the use of design. So you must know which content will fit where. Designing: - If you have followed your first two steps carefully and religiously then you must not have any problem. You have prepared the blueprint of the design; you know which content will be placed where, you just have to move your paintbrush keeping the client's requirement in mind. Development:- You are done with your design part, now comes its development. Now to make your design work you need to convert it into codes like HTML/XHTML/CSS/PHP. Now its your choice either you do it yourself or you can outsource it to any firm which worth your attention. You miss any step and you definitely put your whole website into danger. The most common mistake that a web designer generally make is they start thinking from step 3 and end with it only. This direct jump makes them to commit a blooper.
Discounted Web Hosing
A website is an album comprising many web pages, including audio and visual files, which is made accessible through a web server. Website is generally a collection of HTML files, graphic files or PHP files. Every website encloses a homepage, which the users mostly visit to take a general idea of what the site contains. The web site is managed either by a personage or an organization.
With ever growing network of commerce in today's world, there arises an inevitable need for the services of hosting. The facility of using World Wide Web that enables the folks and individuals to make their website reachable is termed as web hosting.
To sight a site it is a prerequisite that the website is linked up with the browser of World Wide Web. Web hosting is an array which facilitates the organization to host their website on their web server at a nominal fee. To host a website, is not a pricey affair as discounted web hosting facility is easily available to people.
Web hosting companies offer room to their clients on their own server, in combination with the connectivity of the internet. Web hosting services are provided by copious companies as it is a genuine world of hosting commerce, the basic aim is to spotlight on all the facet of the honored client. Web hosting services endeavor at providing discounted hosting but at the same time assures steadfast services.
With the growth of commerce world and globalization the need for making your place in this global market is the major fret with the upcoming business houses. Discounted web hosting has given many diminutive business houses a standing in the market as through the host server the websites of these companies are easily accessible to respective individuals according to their needs.
Marketing has been made trouble-free and widespread with the use of discounted hosting. But one ought to be watchful before selecting the web host provider as the triumph of the business house depends on selection of the web host.
Certain features to be taken in consideration before selecting the discounted hosting are technical support services, their rank among the google page and the use of Cpanel. If the server is Cpanel website hosting friendly it will attract the clients as they can get the feedback as to how their website is doing. It also lets you assess is the discounted web hosting actually aiding the business to grow or not.
The discounted website hosting is possible owing to the great competition in the market. This compels the providers to provide the best services at reasonable prices as they know the competitors to make significant space in the market will not mind charging less than them.
With ever growing network of commerce in today's world, there arises an inevitable need for the services of hosting. The facility of using World Wide Web that enables the folks and individuals to make their website reachable is termed as web hosting.
To sight a site it is a prerequisite that the website is linked up with the browser of World Wide Web. Web hosting is an array which facilitates the organization to host their website on their web server at a nominal fee. To host a website, is not a pricey affair as discounted web hosting facility is easily available to people.
Web hosting companies offer room to their clients on their own server, in combination with the connectivity of the internet. Web hosting services are provided by copious companies as it is a genuine world of hosting commerce, the basic aim is to spotlight on all the facet of the honored client. Web hosting services endeavor at providing discounted hosting but at the same time assures steadfast services.
With the growth of commerce world and globalization the need for making your place in this global market is the major fret with the upcoming business houses. Discounted web hosting has given many diminutive business houses a standing in the market as through the host server the websites of these companies are easily accessible to respective individuals according to their needs.
Marketing has been made trouble-free and widespread with the use of discounted hosting. But one ought to be watchful before selecting the web host provider as the triumph of the business house depends on selection of the web host.
Certain features to be taken in consideration before selecting the discounted hosting are technical support services, their rank among the google page and the use of Cpanel. If the server is Cpanel website hosting friendly it will attract the clients as they can get the feedback as to how their website is doing. It also lets you assess is the discounted web hosting actually aiding the business to grow or not.
The discounted website hosting is possible owing to the great competition in the market. This compels the providers to provide the best services at reasonable prices as they know the competitors to make significant space in the market will not mind charging less than them.
Forex Brokers - Ready to Hire One?
The services provided by Forex Brokers are an essential factor for one's success since they can easily give the right information and knowledge at the crucial time, which easily yields success and higher earnings. Basically, the field of business and trading can easily lead to a lot of wrong decisions if not approached properly and cautiously. Many traders and marketers have failed due to recklessness and impulsiveness wherein they engaged in an alluring offer, which brought only short-term success, but was later on rendered invalid. Forex Brokers provide the traders and marketers with the long-term means of using their resources wisely and properly. This can be achieved by altering one's perception on how business works since there are a lot of things that result in success in a gradual manner. Many Forex Brokers take advantage of the economic conditions no matter how bad or good it may be. This is possible through the utilization of non-directional trading where in the resources are put in an area, which would allow the marketers and brokers to earn without the need to expose it on risks. The non-directional trading employed by Forex Brokers has changed the way people deal with the market today. It paved the way of safe trading in the short-term basis, since the broker does not need to hold on to commodities for a long period of time, which is actually a risk since the changes in the economy could render it useless of invaluable. The idea is that the stock broker would only use the commodity while it is of good value and trade as soon as something would happen. The earnings would come as the interest in the transactions involved. In order to maximize the income, the brokers are the ones who would decide the timing and instance that would allow them to generate the desired interest. This is hired since it requires tremendous accuracy in the part of the company since everything might change afterwards. The Forex Brokers are important aspects of the business operations and should be hired to help the company gain a higher level of success. They are the foremost business soldiers, who can deal with the different scenarios found throughout the market since they can react to the changes and turn them into golden opportunities. They are also a part of the research process since information and knowledge is their primary resource when dealing with the risks involved. Using the right knowledge at the right time is the best way to turn around the situation to your advantage. Companies around the world have hired thousands of Forex Brokers for them to have the capacity and ability to deal with the everyday market direction and money flow. This would transform the company into a much more dynamic and flexible investment holder since everything in value would be checked again and again to find out which is the better option for trading. By hiring Forex Brokers, every business transaction and process would be rendered secure and viable.
What Exactly is Forex Hedging?
For those who are not recognizable with the Forex marketplace, the phrase "hedging" could denote totally nonentity. On the other hand, those who are standard traders are acquainted with the fact that there are numerous ways to make use of this expression in buy and sell. Mainly when you listen to this expression it means that you are trying to decrease your jeopardy in buying and selling. It is somewhat that everybody who devices to endow have to be acquainted with. It is a modus operandi that can guard your savings to some quantity. While hedging is a trendy trade phrase, it is too one that seems a tad strange. It is a great deal like an indemnity plan. When you prevaricate, you cover yourself in case an unenthusiastic occasion may happen. This does not mean that when an unconstructive incident occurs you will come out of it totally impervious. It only means that if you correctly hedge yourself, you won't get a mammoth collision. Believe of it like your auto indemnity. You acquire it in case an incident that is awful occurs. It does not put off bad things from experience, but if they do, you are capable to pull through a lot enhanced than if you were not insured in the first place. Any person who is mixed up in trade can become skilled at the whole concept of the hedge. From massive corporations to diminutive person investors, hedging is somewhat that is extensively practiced. The process in which they carry out this is to engage by means of marketplace instruments to counteract the menace of any off-putting pressure group in price. The easiest method to do this is to hedge a speculation with a different guesswork. For instance, the way largely people would arrange with this is to endow in two dissimilar things with unenthusiastic associations. This is still expensive to a number of persons though the defence you acquire from doing this is well worth the charge for the most part of the time. When you commence erudition supplementary about hedging, you start to appreciate why not a lot of people totally know what it is all about. The modus operandi used to hedge is completed by using derivatives. These are complex devices of economics and most frequently only used by experienced investors. If you are interested in the whole concept of hedging of course, you need to read up as much as you can on it and perhaps attend a few courses. If you are investing with a bank, the bank will be able to give you the advice necessary on how and when to hedge and whether or not it would be viable for you in your current investment plan and how much margin you have invested in the market. When you are able to see the big picture and see whether or not hedging will benefit you in the way it should, then you can try to execute this for yourself and protect your investments
How Not To Get Web Design Work
get the occasional web design lead from my website. I wanted to find a company I could pass these onto. So I put an ad on a freelance site. It specified the programming qualifications needed, stated that the successful candidate should have good English, and was for companies only.
The replies I got were enlightening. So much so, I made a list of things applicants did wrong. Here it is.
I should point out I was initially prepared to give everyone a fair go. After the first twenty-odd emails, my attitude changed. I was looking for reasons to delete applicants. I only needed one successful one; with 100 replies it was getting to be a headache, so I decided a brutal approach was needed.
1. Failed to read the spec.
Many applicants couldn't write properly in the English language. Many were individuals only. Result: instant deletion.
2. Failed to address the spec's criteria.
Applicants bragged about how great they were. Many copy-and-pasted standard marketing guff about 'solutions' and 'partnerships' into their emails.
To engage anyone's interest about a proposal you need to talk less about yourself and more about the benefits to *them* of using you. One of the first things I learnt about applying for jobs is you need to show how you meet the criteria in the job description; see if you can find the employer's wavelength.
3. Lots of jargon.
You quickly tune this out. Anyone dealing with web companies probably gets a lot of this. Applicants should talk to the client about *the client's* site and *their* needs, and avoid techno-babble.
Write an application letter. Leave it for a while, then edit it. Brutally. Short punchy sentences, no guff. Talking convincingly about how you can make the client money would be an attention-getter.
4a. 'Coming soon' client-listing pages.
You say you've done work for lots of clients, then put up a 'coming soon' sign on the web page where your client list is supposed to be. Hmmmm.
4b. 'Under construction' pages on your company web site.
This looks bad; something you'd see on an amateur's site. Another reason to bin your application.
4c. Only put up pictures of sites you've done, rather than links to the actual sites.
I'd have liked to see some working example sites. Pictures can be faked, and they don't show background programming.
4e. No mention of your main web site URL.
Let us guess where your own site is (if you have one). It's more fun! I tried guessing from the email address. After a while I didn't bother.
4f. No hyperlinks at all.
Just a short email spiel saying "I am great designer, hire me". Next!
5. Using Yahoo.com or Hotmail.com for your email address.
A pro designer shouldn't use a freebie email address service. Basic web hosting costs $5 a month these days.
I can conceive that a web designer might use a freebie account for some special purpose, but your own domain name is a basic advert that goes out in each email you send.
6. Bad spelling and grammar.
Western civilisation is doomed, if using SMS jargon becomes the standard way to write to people. It doesn't impress old frts lik me, fr strtrs :( Especially if you're looking for work where good spelling and grammar are important.
7. Front-loading Flash designs.
I admit it, I don't like Flash. I especially don't like it when it loads slowly on my broadband connection. I suppose it might impress an ignorant client, who doesn't know the economic consequences of having a Flash-heavy site.
8. Don't phone the employer up.
Unless they say 'canvassing will disqualify', 'phoning the employer is a good idea. Why? Because geeks are famously introverted and tongue-tied, supposedly. So if a web site designer can communicate clearly over the telephone, that, coupled with a good application, puts you streets ahead of the email-only applicant.
No need to jabber. A polite enquiry to establish contact will do. "Just checking you've got my CV", that sort of thing.
9. Keep yourself mysterious.
Emails are impersonal. Anything that can establish you as a human being, a person, a potential ally and friend, is good. It'll make you more memorable. No need to jump out of a giant cake, 'though!
However, you have to fulfil all the other criteria as well. However great a guy you are, if you're a Unix man and they want Windows, forget it.
10. Leaving unclear phone messages.
One chap left a phone message, in which he mentioned his site, twice, but not his 'phone number. His pronunciation was bad, so I guess I'll never know how good he was.
11. Too far away.
Most replies were from India, Ukraine, Romania etc. Anyone who was closer to home (the UK) stood out. I mention it simply as a winnowing criterion.
Also, I needed someone who could land contracts from UK residents; good English, written and oral, was important.
12. Give your rates per hour.
Forget that. You're not a lawyer. Web design jobs can be clearly defined, in terms of time, work and software required. A definite price can be agreed on in advance. It's called a contract. Otherwise, you leave the client open to escalating bills, and yourself to mission-creep.
13. Delay applying.
The first few applications were more scrutinised. After that, fatigue set in. After one hundred, only an applicant who seems a real prospect would be given more than five seconds' scrutiny.
The replies I got were enlightening. So much so, I made a list of things applicants did wrong. Here it is.
I should point out I was initially prepared to give everyone a fair go. After the first twenty-odd emails, my attitude changed. I was looking for reasons to delete applicants. I only needed one successful one; with 100 replies it was getting to be a headache, so I decided a brutal approach was needed.
1. Failed to read the spec.
Many applicants couldn't write properly in the English language. Many were individuals only. Result: instant deletion.
2. Failed to address the spec's criteria.
Applicants bragged about how great they were. Many copy-and-pasted standard marketing guff about 'solutions' and 'partnerships' into their emails.
To engage anyone's interest about a proposal you need to talk less about yourself and more about the benefits to *them* of using you. One of the first things I learnt about applying for jobs is you need to show how you meet the criteria in the job description; see if you can find the employer's wavelength.
3. Lots of jargon.
You quickly tune this out. Anyone dealing with web companies probably gets a lot of this. Applicants should talk to the client about *the client's* site and *their* needs, and avoid techno-babble.
Write an application letter. Leave it for a while, then edit it. Brutally. Short punchy sentences, no guff. Talking convincingly about how you can make the client money would be an attention-getter.
4a. 'Coming soon' client-listing pages.
You say you've done work for lots of clients, then put up a 'coming soon' sign on the web page where your client list is supposed to be. Hmmmm.
4b. 'Under construction' pages on your company web site.
This looks bad; something you'd see on an amateur's site. Another reason to bin your application.
4c. Only put up pictures of sites you've done, rather than links to the actual sites.
I'd have liked to see some working example sites. Pictures can be faked, and they don't show background programming.
4e. No mention of your main web site URL.
Let us guess where your own site is (if you have one). It's more fun! I tried guessing from the email address. After a while I didn't bother.
4f. No hyperlinks at all.
Just a short email spiel saying "I am great designer, hire me". Next!
5. Using Yahoo.com or Hotmail.com for your email address.
A pro designer shouldn't use a freebie email address service. Basic web hosting costs $5 a month these days.
I can conceive that a web designer might use a freebie account for some special purpose, but your own domain name is a basic advert that goes out in each email you send.
6. Bad spelling and grammar.
Western civilisation is doomed, if using SMS jargon becomes the standard way to write to people. It doesn't impress old frts lik me, fr strtrs :( Especially if you're looking for work where good spelling and grammar are important.
7. Front-loading Flash designs.
I admit it, I don't like Flash. I especially don't like it when it loads slowly on my broadband connection. I suppose it might impress an ignorant client, who doesn't know the economic consequences of having a Flash-heavy site.
8. Don't phone the employer up.
Unless they say 'canvassing will disqualify', 'phoning the employer is a good idea. Why? Because geeks are famously introverted and tongue-tied, supposedly. So if a web site designer can communicate clearly over the telephone, that, coupled with a good application, puts you streets ahead of the email-only applicant.
No need to jabber. A polite enquiry to establish contact will do. "Just checking you've got my CV", that sort of thing.
9. Keep yourself mysterious.
Emails are impersonal. Anything that can establish you as a human being, a person, a potential ally and friend, is good. It'll make you more memorable. No need to jump out of a giant cake, 'though!
However, you have to fulfil all the other criteria as well. However great a guy you are, if you're a Unix man and they want Windows, forget it.
10. Leaving unclear phone messages.
One chap left a phone message, in which he mentioned his site, twice, but not his 'phone number. His pronunciation was bad, so I guess I'll never know how good he was.
11. Too far away.
Most replies were from India, Ukraine, Romania etc. Anyone who was closer to home (the UK) stood out. I mention it simply as a winnowing criterion.
Also, I needed someone who could land contracts from UK residents; good English, written and oral, was important.
12. Give your rates per hour.
Forget that. You're not a lawyer. Web design jobs can be clearly defined, in terms of time, work and software required. A definite price can be agreed on in advance. It's called a contract. Otherwise, you leave the client open to escalating bills, and yourself to mission-creep.
13. Delay applying.
The first few applications were more scrutinised. After that, fatigue set in. After one hundred, only an applicant who seems a real prospect would be given more than five seconds' scrutiny.
An Introduction – Web Hosting & Domain Name
Web hosting is a kind of a company which gives you a space in a server for your website, and you're connected to the entire world. You can find lots of hosting companies out there so to make sure that you are getting the best deals and services, you should look and opt for some of the top web hosting providers.
Before you choose a company, some points should be kept in mind. First of all you should check company's reputation and collect some information about that company. Do some research about a few company's and their services and evaluate them according to your necessities, collect information about support and backup of that company, check companies creditability and customer services. Check how many features company gives you, how many space it provides, what is the bandwidth size, you should collect all the above information before joining any companiy's services.
Basically Hosting is a business of storing and manage Web Pages of your website. A web server holds thousands of websites, runs 24 hours in a day, 7 days in a week. So web hosting is a method to earn money online.
You should take unlimited bandwidth facilities to your hosting company, so your visitors open many pages and you can load video in your site.
There are many kinds of Web hosting companies like Free web hosting companies, Reseller web hosting, VPS (Virtual Private Server) etc.
Domain Name
Domain Name is an address of a site on internet like. It is an addressing scheme assigns names and numbers to identify the computers on the Internet.
A good Domain Name is that which clarify your business or your work, for example a website which gives you information about Tennis that Domain Name must relate to Tennis like www. Tennisedu.com, www. Tennissport.com Domain Name is difficult to remember so Domain Name should be short and easy.
Some Domains are
.gov = Government agencies
.edu = Educational institutes
.org = Organizations (Non Profit)
.mil = Military
.com = Commercials Business
.net = Network Organizations
.ca = Canada
.uk = United Kingdom
.in = India
Before you choose a company, some points should be kept in mind. First of all you should check company's reputation and collect some information about that company. Do some research about a few company's and their services and evaluate them according to your necessities, collect information about support and backup of that company, check companies creditability and customer services. Check how many features company gives you, how many space it provides, what is the bandwidth size, you should collect all the above information before joining any companiy's services.
Basically Hosting is a business of storing and manage Web Pages of your website. A web server holds thousands of websites, runs 24 hours in a day, 7 days in a week. So web hosting is a method to earn money online.
You should take unlimited bandwidth facilities to your hosting company, so your visitors open many pages and you can load video in your site.
There are many kinds of Web hosting companies like Free web hosting companies, Reseller web hosting, VPS (Virtual Private Server) etc.
Domain Name
Domain Name is an address of a site on internet like. It is an addressing scheme assigns names and numbers to identify the computers on the Internet.
A good Domain Name is that which clarify your business or your work, for example a website which gives you information about Tennis that Domain Name must relate to Tennis like www. Tennisedu.com, www. Tennissport.com Domain Name is difficult to remember so Domain Name should be short and easy.
Some Domains are
.gov = Government agencies
.edu = Educational institutes
.org = Organizations (Non Profit)
.mil = Military
.com = Commercials Business
.net = Network Organizations
.ca = Canada
.uk = United Kingdom
.in = India
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