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5 illustrious strategies to explode your web site traffic
Are you spending hundreds of dollars on advertising campaigns, only to find out that you have earned a very small profit or none at all? Here are 5 illustrious strategies that will help you explode and create viral traffic to your web site.
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Build Your Business Success one Step at a Time
You want to be rich fast ! You want to grow your business in one month ! Think again ! Even the most dynamic, highest-earning entrepreneurs in the industry took MONTHS to begin seeing an income of any real significance. And the real wealth, the...
Combating List Building Frenzy: Take The Time To Promote
It is an accepted fact among the experts now that online marketing succeeds only with a quality, highly targeted permission email list in place. As a result, the multi-level marketers have pounced on this and everywhere you look another "matrix"...
Is Accumulating a $1,000,000 Net Worth Easy? Yes and NO
Is accumulating wealth as easy as following a 3-step plan? Yes it is and no it isn't. As with many things in life, accomplishing a goal such as accumulating one million dollars (or even $100,000) depends on your desire, your personal choices and...
Part 4 of 5 On The Home Business Set-Up Guide
Part 4 of 5 On The Home Business Set-Up Guide
Dear Reader,
These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 4 in a series...
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ForexInterBank Forex Trading Course for Day Traders and Small Investors Focusing on Forex Pivot Point Trading
More and more day traders and small investors are turning to the foreign currency exchange market and for a number of good reasons. "The spot forex market provides them the means to invest without concern for liquidity or market manipulation," says John Keister, ForexInterBank’s CEO. "More importantly, forex pivot point trading provides conservative investors the means to turn a modest but consistent profit."
"Historically, the investment opportunities afforded by forex trading have gone largely unrealized because, up until a few years ago, the market had been the exclusive domain of governments, banks, institutional investors, and brokerage houses. Now, through ForexInterBank, investors can learn how to take advantage of those opportunities using a forex trading course designed to simplify the process and to accelerate the learning curve," say Keister, a medical doctor who first started trading forex while he was in medical school.
According to Keister, forex trading, while well known in the ‘inner circle’, is only now beginning to get the attention of both day traders and private investors. "Ten years ago, it was difficult to find a day trader or private investor who was familiar with the market. Now at least half of the people I talk with are at least mildly familiar with the market and half of those have actually dabbled in it," he says.
Keister attributes this increased interest level to a number of problems unique to equities and futures trading. "The biggest problem is that price fluctuations on the equities and futures markets are all too often a direct result of manipulation and/or the buying and selling habits of major investors. Prices are not driven as much by supply and demand as they are driven by market makers, media hype, and large institutional investors who have the financial means to literally make or break a stock overnight," he says.
The forex spot market, according to Keister, isn’t subject to that kind of manipulation. The average daily turnover in the forex spot market is approximately $1.3 trillion dollars, 30 times the turnover of all equity and futures markets combined. Unlike the equities and futures markets, forex market fluctuations are driven by pure supply and demand - the purchase and sale of foreign goods and services and, of course, speculation.
Experts estimate that 5% of the market’s turnover is actually driven by trade imbalances, the remaining 95% comes from speculation. "One doesn’t have to be an economist to understand that it is virtually impossible for any entity to manipulate a market of such an immense size," Keister says.
"What makes forex even more attractive is that one doesn’t have to waste time spending endless hours doing technical analysis and studying fundamentals that, as I mentioned before, can be totally invalidated by the actions of insiders and major investors," he says. "Forex trades, while certainly not without risk, can be profitably and predictably executed without endless and sometimes fruitless study."
A second drawback to equity and futures markets is that once made investments are not very liquid. "Investors can’t react immediately to fluctuations in the equity and futures markets because those markets are not ‘openly’ traded 24 hours a day. A lot can happen between the closing and opening bells, let alone over a long weekend, and if the investor sleeps late, he may wake up to find upon opening that he has suffered significant losses," he says.
"By contrast, the forex market never closes. Once a trade has been initiated, the investor has the ability to modify the parameters of that trade 24 hours a day."
Perhaps the biggest factor making forex trading attractive is that trades are not commission driven or heavily fee based and this is why Keister got involved in forex pivot point trading in the first place ten years ago. "Like most investors, when I started looking for ways to invest my money, I began the process working with stockbrokers who were more interested in churning my accounts than they were providing me with the information I needed to make ‘my’ cash register ring," he says.
"In search of a way to avoid costly brokerage fees, I looked into traditional day trading but found that the costs were prohibitive. First, one has to invest a great deal of money in an education which can, as I said earlier, be rendered irrelevant by players who can easily manipulate the market. Secondly, one has to ‘pay the piper’. By that I mean you have to buy or lease an extraordinarily expensive and exotic software
program that will enable you to execute trades.
"Of course, one can always find ‘free’ software, but the annual software lease agreements and/or membership fees paid to the company offering it end up costing more over the long term than you would have paid had you purchased the software outright," he says.
Disappointed with the vagaries of the equity markets, hidden agendas of brokerage firms, and the sizable start up costs of equities day trading, Keister’s turned to forex. "Forex trading is excruciatingly affordable. One doesn’t have to invest a fortune in software and on-going membership fees to get started. Trading software is readily available on-line and the only fee one can anticipate is a modest transaction spread," Keister says.
"When I first started looking into forex trading, I discovered that the only way small investors could get in the market was to jump in the deep end, more often than not, without the knowledge they needed to keep themselves afloat. Like everyone else, I paid dearly for my lessons because I couldn’t find a mentor willing or able to provide the information I needed to succeed. Now that I look back on the experiences I had, I can understand why that information wasn’t readily available. The big boys were just too busy making money and had nothing to gain sharing their expertise with little guys like me," Keister says.
When Keister first entered the forex market, he was naturally frustrated by the fact that there was no single, reliable source he could rely on to get answers to even the simplest questions," he says. "There were a few insiders who assembled rudimentary training materials they would sell at an exaggerated cost, but I couldn’t find a central source of information about forex trading and, more importantly, couldn’t get clarification when the materials provided generated even more questions than they answered.
"Over the past ten years I’ve also read scores of books about forex trading and they, too, have a common problem. While providing an abundance of information, they unnecessarily complicate the process," he says. "Forex trading is a very simple process based on a mastery of a number of visual cues that normally occur above and below pivot points. You don’t need to understand why the market behaves the way it does. You only need to be able to recognize a few predicable patterns to generate a reasonable and consistent return on your investments."
Failing to find an adequate source of information, Keister decided to put together an education program of his own, one based on his own successes and failures. "It was clear to me that the forex education arena was lacking so I put together a forex trading course that simplifies the process, providing answers to basic questions the experts were too either too busy to answer or couldn’t answer in a language that can be easily understood," he says. In the end he believes he has developed a forex trading course that actually makes forex trading easy - a forex trading course for dummies.
Why would he use the term ‘dummies?’ "Not to 'dis' the younger generation, but I hired a number of high school and college students to test the program and the majority are now successfully trading on their own behalf. Those who are underage are using custodial accounts set up by their parents," he says. "If they can do it with as little knowledge as they have, anyone can do it."
Unlike so many online forex training programs that sell their clients training materials and then disappear, ForexInterBank’s program includes live, daily mentoring. Once students have completed the company’s interactive forex trading course, they have the means to actually watch and listen to ForexInterBank traders as they walk through their own trades. "We believe this follow-on, real world training is what really sets us apart," Keister says.
"Our clients can actually listen in on real time analysis and watch trades as they actually happen," he says. A few examples of these live mentoring sessions can be viewed in the live training room at the company’s web site. "Visitors can see and listen to eight of our past sessions," Keister points out.
Day traders and investors wanting more information about John Keister and ForexInterBank’s educational services are encouraged to visit www.Forexinterbank.com.
About the Author
The author, Ron Scott, is a seasoned internet publicist who provides affordable public relationsservices to local, regional, national and international businesses.
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