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Saturday, June 7, 2014

A story of success with InstaForex

Saturday, June 7, 2014 - 0 Comments

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The crisis that broke out a year and a half ago caused numerous redundancies, leaving many people jobless.  Yet everyone knows how essential it is to have a reliable source of income to live on. This is what I came to realize about a year ago, in the very heat of the crisis. At that time I had been working as a doctor for many years already. The wages in this sphere were gradually brought lower as the work was growing busier due to a huge wave of redundancies.  It touched both medical practitioners and academics. I must admit I had a narrow escape. I was doing my best to extricate myself from the complicated situation, but there were not so many ways out available. One way was to get more working hours and to spend at hospital all the leisure time, with no time for the family left and a little surplus to the salary. The other way was searching for more income sources.

Since then I would buy newspapers offering jobs, ask my friends about possible freelancing and visit various websites. Yet, I could not find anything that would suit me: owing to the crisis there was not much to choose from. All the job offers I considered required full-time employment; besides, it was also necessary to have a narrow specialization.  I simply could not take it as a doctor. On the other hand, newspapers also offered high income and flexible working hours at large chain companies. A dim prospect of distributing dietary supplements did not seem to be tempting to me. I also doubted that such an occupation could be so profitable.

Once I happened to visit the official website of InstaForex Company, providing opportunities of trading on the international forex market. At first I had a rather vague idea of the wage I would have working with InstaForex Company. Having quickly looked through the information on the website, I thought that it was another network-marketing trap and abandoned it for long.

Surfing the Internet one day, I came across a banner, promoting ShowFx World international forex exhibition, which was to take place at the coming weekend. Many brokers were expected to attend it; besides, various free seminars were to be held there as well. Since I did not have any plans for the weekend, I decided to go.

The seminar was focused on the basics of Forex trading. In a very warm and friendly atmosphere we were initiated into the essence of work on Forex. To tell the truth, I did not manage to get a clear understanding of all the principles of making profit on Forex then, but what I was absolutely sure of is that it was interesting and attractive to me. Except gaining new knowledge at seminars, we could also make some new acquaintances and communicate with the representatives of companies rendering trading services on the market.  This is how I discovered InstaForex Company. Frankly speaking, I did not hesitate a minute to start working with this brokerage company. Just like most traders, I was mainly attracted by excellent trading conditions and benefits the Company’s clients enjoyed. Among the advantages the Company offers there are reviews by a team of the best analysts of the Russian Internet, Forex TV and opportunities to cooperate with MT5 portal. But what appeared especially convenient to me was a minimum deposit, equaling $10. Moreover, each client had a welcome bonus credited to his/her trading account at each depositing. Another pleasing feature of working with InstaForex Company which surprised me was plenty of contests for both beginners and professional traders. Furthermore, every client could become a full-fledged member of InstaForex international broker club. The membership card promised its owner numerous exclusive opportunities.

The 2 days spent at the exhibition inspired me to try Forex trading which I did. Having registered a demo account, I started to train and gradually penetrate into the matter. I did my best to recall everything I was told at the seminar and put it into practice. My demo trading proved to be rather successful, so I decided to launch into real trading. I opened a real trading account, but as I was not much experienced in working on a demo account, my initial capital of $100 was not sufficient to cover the losses I had. Yet, I did not stop. After an unsuccessfully closed deal I opened another one to restore the losses. However, as I came to realize later, this was my main mistake as a beginning trader: I would suffer tremendous losses by carrying out numerous deals and seeking for several pips profit. I would overlook such an important element of successful trading as stop-loss, being sure that I would be able to close a position anytime by myself. But it was not my only mistake: I was also driven by pure emotions, which hindered many profitable deals.

Later I thoroughly analyzed my mistakes to figure out its reasons. I realized that it was not merely my emotional and psychological state which conditioned my unprofitable trading but also the fact that I lacked my own trading strategy. Thanks to the rich medical experience I had it was not difficult for me to regain my emotional equilibrium.  I also carefully studied many corresponding materials, investigated the principles of trading and elaborated my own trading tactics.

Since then I combined working at hospital with discovering Forex market and trading. Still, as time passed by I saw my trading profit increasing – I became a successful trader, which pushed my medical practice to being a hobby rather than the major source of income. After much hesitation I made up my mind – I decided to abandon medicine. Today I am a successful trader, able to work when it is convenient for me. And, what is even more important, I derive much pleasure from Forex trading apart from a substantial profit.

I am glad that in time of need I came across InstaForex broker. Now that I became a trader, the balance and serenity in my life have been restored and I enjoy the work, which does not depend on anyone but me.

How to keep funds during accidental fluctuations?

Retail traders leaving was observed during last three years and there were no signs of their coming back to the market.
Discount brokers provide data that their going away is continuing and it is time to change the tactics. These former traders are known for all – this is day traders. Recently, the market is speculations of professionals versus professionals. Some of the participants think that technical analysis forex is not as popular as before; however, it is not exactly. Truth is that technical analysis forex involves a plenty of exceptions. Technical analysis lets a trader to picture the forex market situation fully. In other words, with the help of technical analysis a trader can see price levels, where decisions should be taken, although what decision it must be is not always possible to understand.
Many educational books on forex trading instruct to buy during breakouts upwards and sell at downward breakouts. This strategy is suitable only for big trends, however, only few traders can wait for these short intervals. Nowadays, accidental fluctuations are inherent in most financial markets than following a certain trend.
If to consider blocks of accidental fluctuations for 2003 in more detail, it can be noticed that within this period traders were trying to outwit each other by using various market strategies and time intervals. Trader techniques include false breaches, reversals of yesterday’s impulses and analysis of gaps and trend lines within such periods.
If you are defender of technical analysis, periods of accidental fluctuations will make your strength and nerves tense. We would like to capture the attention of traders, who dug into indicators and stereotypes.
Ups and downs during accidental fluctuations are initiated by momentum traders, who see the same market situation as you do. However, a breakout takes place in opposite direction, giving a signal. Perhaps, you will not realize at the first moment that have become an eyewitness of a new trend emerging.

Five rules of successful trading

Trading on the international exchange market Forex, you should keep to the 5 rules.

It means that you can divide your work in five main stages, so that three of them should be based upon the thorough data analysis and last two – on reflex. Let’s consider all five principles of trading operation.

First rule. Opportunities quest. The first rule of trading includes monitoring and analysis of charts in order to find the most appropriate moment for you to enter the forex market. Above all, it is the intellectual process, but emotions play a great role here. Every trader should determine his own process of opportunities quest and follow it closely.

Second rule. Opening position. This part of trading process should be exclusively based on reflexes. Since you analysed the market, you should spend only several seconds to open a position. The most important thing here is vigor, there should not be any delay in opening the position. You have to rely on your intuition, because only diffident trader is destined to failure on Forex.

Third rule. The third rule is the most difficult in trading because here you should not give free play to your emotions which are the main envy of successful and profitable trading. You should move forward, you should ignore your fear, greed and hope. Only if a trader realizes how to ignore his emotions, he will be successful on Forex.

Forth rule. Closing the position. Here you should bring everything up the automatism. You should act quickly.

Fifth rule. Is it really important? Asking any successful and experienced trader you will get a positive answer to this question.

If you strive to achieve the success on Forex market, you should keep a diary of all trading operations – only self-analysis will help you to make your trading at Forex market profitable.

And do not forget one very important factor, if you are newbie at Forex market, the first account you open should be opened on forex demo account because training within real market conditions but using virtual money will help you to realise what Forex market is and how you can earn money from it.

Working with real money you should be objective. In order to make your trading profitable you have to develop and gain experience, only hard work can help you to achieve success on the international currency market Forex.

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Wednesday, February 5, 2014

How to make money on Ebay, Buy low, sell high

Wednesday, February 5, 2014 - 0 Comments

How to make money on Ebay, Buy low, sell high

This is a guide, a work in progress on how to make money on ebay.  There are many different opinions on this subject and mine is just another one.  But I do feel I have some good ideas that I will share with you.

Buy low, sell high, or for at least more than you bought it for.  How and What?

How do you buy? I have come to the realization that knowing the right people, business is extremely important.  Here are a couple of ways I have bought items to sell, either on Ebay or to sell in Flea markets:

Auctions: Auctions are very good, I love merchandise auctions and moving or estate auctions.  Recently I went to an auction at a very large flea market in Central florida, this was a wholesaler of novelty type items.  At these auctions you may have to buy in larger quantities but if the item is a good seller buying in larger quantities is something you should want to do anyways.
From other ebayers, this is not usually my first suggestion but you can often find someone selling large lots of items, I found someone selling 5000 stress toys on ebay, where I was able to buy them at $.15 each, and can sell them for over $.30 each, not bad to double your money.
Yard sales is a hit or a miss typle of buying location,  If you get up early and search the sales, typically look for items that you have a knowledge about, or bring a blackberry to search ebay while at the yard sale.
Outlets, especially if you are located in a place where you can buy from a certain outlet where the rest of the world may not be able to so easily.  (see example below)
We are located in Florida, hence the name Florida Connections - HSN or Home Shopping Network is located in Florida.  HSN only has 3 outlets where they sell returns or off the shelf items.  HSN is extremely popular and we who are located near the outlets have a great niche to sell.  Think of your local area is there something near by that maybe the rest of the country doesn't have such good access too. 

Sell what you know....I can't stress that enough.  If you worked in a video store for years. Should you try to sell women's clothing or videos, not only do you know videos you may very well know where you can buy them cheap. 

Another example, again from Florida, I have Disney, Citrus, Universal, and many other popular locations, I can find people selling Disney items cheap... what do you have in your area. 

Now how do I sell it on Ebay... Wow that is a hard topic, changes all the time depending on how the market is going.  Lately I have liked selling items in an Ebay Store, cheap to list, and stays on Ebay longer.  How to price?  Depends if you item will only have a few people looking at it, IE maybe you are selling a rare picture of Howard Hughes, How many people are going to search for that, therefore you need to put a bit higher of a minimum.  Maybe you are selling Titleist golf balls, a very common item, you can list that lower and anticipate that sellers will bring it up to a "normal" selling price. 

How about shipping, I have learned from many hard lessons that I will not sell "breakable" items, too much work, but again if you have a great facility that can pack items exceptionally well, then go for it.

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