3. BASE TRADING DECISIONS ON LOGIC AND REASON
It is the teachings of PLATO all along. Perhaps the spirit of PLATO would be happier with this rule of the trading gurus. Those who are wondering what has good old PLATO got to do with the world of FOREX? The answer is this – PLATO has always preached the values of Rationality, Reason, and Logic over the age-old morality and emotions. He accredited morals and emotions as being destructive forces. He labeled them as a hurdle in the way to success and development. He always put the likes of reason, rationality, and logic at a high pedestal - claiming that these are the keys to success and development.
It seems that it is very likely that the trade gurus are disciples of PLATO in this regard. In today’s world of science and technology, PLATO’s teachings are of more value in order to be at the top. There is no place for emotions and morals. This world solely relies on making correct decisions at all times. In this way, there is no scope for any emotions. That is the reason it is often advised to hand over the reign to the rational side of the brain. This is termed as the motto for online stock investment success. The world only salutes the rising sun. There is no chance for the setting sun.
zondag 7 augustus 2011
zaterdag 6 augustus 2011
EIGHT RULES FOR SUCCESSFUL ONLINE STOCK TRADING: 2/8
2. BUY STRENGTH, ALWAYS
As they say in the world of trading that one should take baby steps towards success. If one is powered with the knowledge of online trading and one takes the right steps in the right direction. That is the surest ways of achieving their goals. Stock trade rates change on a weekly basis. If the weekly average business is high, it is an acid test that it will keep up with that trend. If the rates are average or below average, then one should avoid investing in such stocks at all costs.
It is usually observed that people who invest in stock markets develop this tendency to rely to their nerves. The reason being that they are always on a look out for opportunities. They say, experience is the worst teacher, but that is not the case in the world of trading. People learn from their experiences – both good and bad. They incorporate their experience with trading business. Usually the best in the business trust to go with the rising sun. It is a part of age old tradition of trading world.
As they say in the world of trading that one should take baby steps towards success. If one is powered with the knowledge of online trading and one takes the right steps in the right direction. That is the surest ways of achieving their goals. Stock trade rates change on a weekly basis. If the weekly average business is high, it is an acid test that it will keep up with that trend. If the rates are average or below average, then one should avoid investing in such stocks at all costs.
It is usually observed that people who invest in stock markets develop this tendency to rely to their nerves. The reason being that they are always on a look out for opportunities. They say, experience is the worst teacher, but that is not the case in the world of trading. People learn from their experiences – both good and bad. They incorporate their experience with trading business. Usually the best in the business trust to go with the rising sun. It is a part of age old tradition of trading world.
vrijdag 5 augustus 2011
EIGHT RULES FOR SUCCESSFUL ONLINE STOCK TRADING: 1/8
EIGHT RULES FOR SUCCESSFUL ONLINE STOCK TRADING:
1. TRADE WITH THE TREND
It is an open secret that online stock trading has its own share of fraud. However, it is possible to avoid becoming a victim. The key is to keep the mind on red alert at all times. Another precautionary measure is that one should always do their own research beforehand. In this way, one can keep track of ongoing trends. It is often safe to move with the trends in the beginning. Later on, with experience, one may or may not choose to follow the trends.
This is undoubtedly one of the most tried and tested safe haven of trade gurus. They mostly believe that one does not have the authority to change the way and direction in which the wind moves, but one can always gauge the weather like the weathercock. This enables one to set the sails in the direction of the wind. The mantra is simple – one should trade what one observes around oneself, not the other way around.
This brings us to our next rule, which will further ensure safe online stock trading.
1. TRADE WITH THE TREND
It is an open secret that online stock trading has its own share of fraud. However, it is possible to avoid becoming a victim. The key is to keep the mind on red alert at all times. Another precautionary measure is that one should always do their own research beforehand. In this way, one can keep track of ongoing trends. It is often safe to move with the trends in the beginning. Later on, with experience, one may or may not choose to follow the trends.
This is undoubtedly one of the most tried and tested safe haven of trade gurus. They mostly believe that one does not have the authority to change the way and direction in which the wind moves, but one can always gauge the weather like the weathercock. This enables one to set the sails in the direction of the wind. The mantra is simple – one should trade what one observes around oneself, not the other way around.
This brings us to our next rule, which will further ensure safe online stock trading.
donderdag 4 augustus 2011
Introduction to successful online stock trading
INTRODUCTION TO SUCCESSFUL ONLINE STOCK TRADING:
In the past decade or so, internet has revolutionalized everything. The internet has converted the world into a “Global Village”. Furthermore, it has widened the scope of everything – from fashion to education; from politics to medicine; and from sports to agriculture. Given this fact, it does not come as a surprise that global business and trading has reshaped the international community. It not only provides with an opportunity for healthy competition in global trade, but it also has created a world of opportunity.
Although, there are many positive aspects to internet trading however, we cannot choose to ignore the negative outcomes as well. It is a truth widely acknowledged that the internet has undoubtedly opened up a field of cutting-edge technology, low cost transactions and real time market information at the click of the mouse in a matter of mere seconds. With the help of this online technology, anyone can control the amount of finance one is willing to invest. Deals are finalized in a matter of seconds. That is the power of online technology.
This ultimately has resulted in global technological war that has no boundaries – just like the internet revolution itself. Everything is competition. It has made the global market at an easy access to every Tom, Dick and Harry.
The procedure is simple. Anyone can log on to a website and create an account. This actually opens up a completely new world of opportunity. Online brokers are there for guidance. If they do not feel comfortable, they can always search the internet for any piece of information. Various software devices can serve as a guiding tool as well. Each person is different and has different needs and requirements. Internet has made stock trading an easy game, as it may even be played by sitting at home. Internet stock trading has genuinely come of age in the recent times.
The only thing that is required for online stock trading is a fast internet connection and an account for broker in order to trade. It is an effective way to earn money. It can even serve as a full-time or even a part time job. It should be kept in mind that just like any other business, trading is a risky job. It is just like gambling with your fate. However, with experience, confidence, and following a few basic rules one may achieve success. These simple rules can serve as a guide for online trading journey towards success. Recently, stocks have become a way towards building wealth.
Finally, since the world has become a global village of opportunity, any event can trigger the stock rates in any direction. It may or may not be in your favor. Many institutes offer courses in Forex exchange rates and the world of trading. This can serve as a head start for any person who wants to occupy stock trading a full time profession. However, one may also fine short cut methods like short online courses, or any course from academy. Here are eight simple rules that can serve as the light at the end of a tunnel.
In the past decade or so, internet has revolutionalized everything. The internet has converted the world into a “Global Village”. Furthermore, it has widened the scope of everything – from fashion to education; from politics to medicine; and from sports to agriculture. Given this fact, it does not come as a surprise that global business and trading has reshaped the international community. It not only provides with an opportunity for healthy competition in global trade, but it also has created a world of opportunity.
Although, there are many positive aspects to internet trading however, we cannot choose to ignore the negative outcomes as well. It is a truth widely acknowledged that the internet has undoubtedly opened up a field of cutting-edge technology, low cost transactions and real time market information at the click of the mouse in a matter of mere seconds. With the help of this online technology, anyone can control the amount of finance one is willing to invest. Deals are finalized in a matter of seconds. That is the power of online technology.
This ultimately has resulted in global technological war that has no boundaries – just like the internet revolution itself. Everything is competition. It has made the global market at an easy access to every Tom, Dick and Harry.
The procedure is simple. Anyone can log on to a website and create an account. This actually opens up a completely new world of opportunity. Online brokers are there for guidance. If they do not feel comfortable, they can always search the internet for any piece of information. Various software devices can serve as a guiding tool as well. Each person is different and has different needs and requirements. Internet has made stock trading an easy game, as it may even be played by sitting at home. Internet stock trading has genuinely come of age in the recent times.
The only thing that is required for online stock trading is a fast internet connection and an account for broker in order to trade. It is an effective way to earn money. It can even serve as a full-time or even a part time job. It should be kept in mind that just like any other business, trading is a risky job. It is just like gambling with your fate. However, with experience, confidence, and following a few basic rules one may achieve success. These simple rules can serve as a guide for online trading journey towards success. Recently, stocks have become a way towards building wealth.
Finally, since the world has become a global village of opportunity, any event can trigger the stock rates in any direction. It may or may not be in your favor. Many institutes offer courses in Forex exchange rates and the world of trading. This can serve as a head start for any person who wants to occupy stock trading a full time profession. However, one may also fine short cut methods like short online courses, or any course from academy. Here are eight simple rules that can serve as the light at the end of a tunnel.
donderdag 28 juli 2011
The proposal
In response to an email I recieved:
I’ve heard about marketing related blogs, but I think they will be hard to pull off. You need a number of ingredients:
Knowledge
Passion
Personality
Support
Knowledge is the hardest, I think, especially if you aren’t selling a service. Why? Because people are going to be most interested the experiences of other users like themselves. No one wants to hear a salesman pontificate about his products success and wonderful uses, will they? (Services are different because you are selling your knowledge.)
My idea is to do a limited-time blog for the sole purpose of documenting a customer experience. Take my current shopping for a CRM program and subsequent installation. A blog could be a diary of my experience. The CRM company could feature my blog as a way to let new potential clients see and prepare for such an undertaking. Of course the question is how do my efforts become owned/used by the company I am buying from and why?
Interesting?
I’ve heard about marketing related blogs, but I think they will be hard to pull off. You need a number of ingredients:
Knowledge
Passion
Personality
Support
Knowledge is the hardest, I think, especially if you aren’t selling a service. Why? Because people are going to be most interested the experiences of other users like themselves. No one wants to hear a salesman pontificate about his products success and wonderful uses, will they? (Services are different because you are selling your knowledge.)
My idea is to do a limited-time blog for the sole purpose of documenting a customer experience. Take my current shopping for a CRM program and subsequent installation. A blog could be a diary of my experience. The CRM company could feature my blog as a way to let new potential clients see and prepare for such an undertaking. Of course the question is how do my efforts become owned/used by the company I am buying from and why?
Interesting?
eMarketing On a Shoestring Budget
You don't need a colossal budget to modernize your marketing program, just a few essentials
Whether you're planning an acquisition or retention campaign, whether your marketing mix includes direct mail, advertising, email marketing, newsletters, the fundamental concept behind eMarketing is that your Web site should be the hub of your marketing program. The goal is to drive traffic through your Web site so that every interaction with prospects, leads and customers can be measured, tested and tuned. Companies that have successfully modernized their marketing programs didn't start out by deploying monolithic CRM systems, but by deploying simple technologies to fulfill the essential requirements of eMarketing, such as list management, creative development, fulfillment and tracking and reporting.
Sophisticated marketing tools will manage all of these functions, and also provide strategic and tactical features including campaign templates, testing routines and workflow. But most businesses can easily get started with readily available office tools and a solid process. Here is a brief overview of the essential elements of eMarketing. For a more detailed description, read the full article from the marketing agency Cymbic.
List Management
One of the most valuable assets for any business is their house list of marketing contacts. Every company should have a well-maintained database of customers, while savvy marketers will also maintain a house list of prospects culled from various lead generation campaigns. In general, the larger your house list the more power and flexibility you'll have in targeting your campaigns effectively. Smart businesses constantly maintain a minimum threshold of current, qualified leads in their database. To manage your list effectively, you'll need to make sure you have the ability to segment the list into targeted customer groups, merge new lists into your database, purge bad data or duplicates, and import and export data for use by other programs.
Creative Development
Advanced marketing platforms are touted for their ability to personalize email messages, run online response surveys, and even publish Web pages through the use of pre-designed templates. The purpose of these programs is to empower non-technical marketers with the ability to run continuous campaigns without relying on a Webmaster, which is valuable. But even the most sophisticated programs won't eliminate the need for creative and technical expertise in creating all the necessary elements of your campaign. Since the goal of eMarketing is to utilize the Web's unique power for targeting content, testing offers, tracking user behavior, and refining messaging quickly and cheaply, you need to make sure you have the tools and techniques to create compelling electronic content wired correctly for sharing and collecting valuable data.
Fulfillment
Fulfillment in eMarketing is the managing of outbound and inbound campaign traffic. It is a critical and sensitive component of your eMarketing program, and you need to have the tools and expertise to manage fulfillment professionally. Complex campaigns, including lead generation email campaigns, are typically processed by the list vendor: You deliver the creative, and they provide fulfillment. Nothing to worry about. If, however, you're sending out a newsletter or email to your house list, you may find it more effective to have access to your own tools. At minimum, you'll need a program (not your personal email application) that can send bulk, personalized messages, monitor return mail for bounced messages, and automate special handling for unsubscribes and subscription confirmations.
Tracking and Reporting
Tracking your campaign response and extracting useful reports from the data is where a lot of valuable primary market intelligence can be gathered. While sophisticated tracking tools feed real-time data directly into a database, most common tracking tools work by analyzing the log files from your Web site. If you currently receive traffic reports for your Web site, this is a basic form of tracking and reporting. For analyzing campaigns, you'll need a tool that can dig deeper into the log file data and return highly specific rather than general traffic information. As with all technologies, the tools themselves are of little value without the knowledge of how to use them effectively. You'll need the marketing expertise to design a campaign that can produce traceable and meaningful data-not to mention business results-and the engineering expertise to use technology in ways that expose traffic to your tracking tools, including cookies, source codes, and more mechanical strategies in cases where these technologies are not appropriate for your audience.
Bringing It All Together
To create a successful eMarketing program, the best approach is build your platform organically. Start with general office tools that you already have, and fill the gaps in functionality as you grow your program. This approach works because you evolve a platform based on your marketing process. Far too many companies make the mistake of treating eMarketing as a "solution"-a set of prepackaged applications they expect to plug and play-rather than a process supported by technology. Without a solid process guiding the development and use of the platform, these initiatives inevitably fail. In the long run, you'll want to consolidate your platform, but your decisions will be guided by process and experience.
Whether you're planning an acquisition or retention campaign, whether your marketing mix includes direct mail, advertising, email marketing, newsletters, the fundamental concept behind eMarketing is that your Web site should be the hub of your marketing program. The goal is to drive traffic through your Web site so that every interaction with prospects, leads and customers can be measured, tested and tuned. Companies that have successfully modernized their marketing programs didn't start out by deploying monolithic CRM systems, but by deploying simple technologies to fulfill the essential requirements of eMarketing, such as list management, creative development, fulfillment and tracking and reporting.
Sophisticated marketing tools will manage all of these functions, and also provide strategic and tactical features including campaign templates, testing routines and workflow. But most businesses can easily get started with readily available office tools and a solid process. Here is a brief overview of the essential elements of eMarketing. For a more detailed description, read the full article from the marketing agency Cymbic.
List Management
One of the most valuable assets for any business is their house list of marketing contacts. Every company should have a well-maintained database of customers, while savvy marketers will also maintain a house list of prospects culled from various lead generation campaigns. In general, the larger your house list the more power and flexibility you'll have in targeting your campaigns effectively. Smart businesses constantly maintain a minimum threshold of current, qualified leads in their database. To manage your list effectively, you'll need to make sure you have the ability to segment the list into targeted customer groups, merge new lists into your database, purge bad data or duplicates, and import and export data for use by other programs.
Creative Development
Advanced marketing platforms are touted for their ability to personalize email messages, run online response surveys, and even publish Web pages through the use of pre-designed templates. The purpose of these programs is to empower non-technical marketers with the ability to run continuous campaigns without relying on a Webmaster, which is valuable. But even the most sophisticated programs won't eliminate the need for creative and technical expertise in creating all the necessary elements of your campaign. Since the goal of eMarketing is to utilize the Web's unique power for targeting content, testing offers, tracking user behavior, and refining messaging quickly and cheaply, you need to make sure you have the tools and techniques to create compelling electronic content wired correctly for sharing and collecting valuable data.
Fulfillment
Fulfillment in eMarketing is the managing of outbound and inbound campaign traffic. It is a critical and sensitive component of your eMarketing program, and you need to have the tools and expertise to manage fulfillment professionally. Complex campaigns, including lead generation email campaigns, are typically processed by the list vendor: You deliver the creative, and they provide fulfillment. Nothing to worry about. If, however, you're sending out a newsletter or email to your house list, you may find it more effective to have access to your own tools. At minimum, you'll need a program (not your personal email application) that can send bulk, personalized messages, monitor return mail for bounced messages, and automate special handling for unsubscribes and subscription confirmations.
Tracking and Reporting
Tracking your campaign response and extracting useful reports from the data is where a lot of valuable primary market intelligence can be gathered. While sophisticated tracking tools feed real-time data directly into a database, most common tracking tools work by analyzing the log files from your Web site. If you currently receive traffic reports for your Web site, this is a basic form of tracking and reporting. For analyzing campaigns, you'll need a tool that can dig deeper into the log file data and return highly specific rather than general traffic information. As with all technologies, the tools themselves are of little value without the knowledge of how to use them effectively. You'll need the marketing expertise to design a campaign that can produce traceable and meaningful data-not to mention business results-and the engineering expertise to use technology in ways that expose traffic to your tracking tools, including cookies, source codes, and more mechanical strategies in cases where these technologies are not appropriate for your audience.
Bringing It All Together
To create a successful eMarketing program, the best approach is build your platform organically. Start with general office tools that you already have, and fill the gaps in functionality as you grow your program. This approach works because you evolve a platform based on your marketing process. Far too many companies make the mistake of treating eMarketing as a "solution"-a set of prepackaged applications they expect to plug and play-rather than a process supported by technology. Without a solid process guiding the development and use of the platform, these initiatives inevitably fail. In the long run, you'll want to consolidate your platform, but your decisions will be guided by process and experience.
woensdag 27 juli 2011
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