Look up any website for advice on forex trading, and you’re likely to quickly be introduced to the phenomenon known as automatic forex trading – there will be plenty of advertisements all around that try to gently remind you that you could make your life a lot easier sleeping on a beach somewhere while software design with artificial intelligence manages to play the market conservatively and make you a good deal of money. Often, they tell you that you could easily triple your money in a year doing nothing at all.
Automatic forex trading software usually costs about $100 or so. You just set it up once, provide it with a little capital (even if you only have five dollars) and it keeps going. Its programmers have supplied with all kinds of mathematical algorithms that show it how the markets are supposed to behave. They look at current market trends, compare them with how things were in the past, and with their algorithms, make automatic calls to trade your money.
Algorithm-based trading isn’t anything new. In fact, the government pension and Social Security funds are invested with extensive use of trading software – they use them to invest in the stock market. It’s not that automatic forex trading software doesn’t work. It does. It’s just that it only does so in a very limited way.
These programs only have set kinds of reactions in place to answer any market situation with. The markets are very dynamic. They are always changing in every direction. Software isn’t really able to recognize anything new that happens. Sometimes, they can make mistakes that not even an illiterate human would make. And they can lose money.
Typically the businesses that design sell these software packages aren’t very large operations. Microsoft, Google, Oracle – there is … Read the rest
There are a lot of business magazines that write about how a startup businessman might go about succeeding in a venture. Usually though, they restrict their ideas to situations where the businessman owns his own business. Seldom do you see much said about how the owners of a fledgling business could find business partners to complement their skills with. They could get twice as far in half as much time.
But it’s true. The business magazines really should devote their time talking about how a well-chosen business partner can be such a great way to get ahead.
It’s just that there’s a great deal of work that goes into the building of a business. Not only does the lone startup businessman not have enough time for all the meetings, the potential investors, the sales pitches to potential clients, the networking, the research, the marketing analysis and so on, he may not even have the skills needed for all of these.
One may not even have the resources needed to hire a couple of employees. If one could find business partners to share in the business by contributing just as much is the primary business founder though, things could be much stronger.
The kind of third-party perspective one can get from another server can be invaluable. Working hard as you do on a startup business, you can suffer from tunnel vision – concentrating only on your take on things. A little perspective – little third-party input from someone who’s in a real position of responsibility can really help.
Not everyone is cut out to be their own boss. You do need a tremendous amount of initiative to drive yourself hard enough to work without anyone making you do it. Sometimes, having a business partner can be great for this – when … Read the rest
It’s hardly surprising that the popularity of internet marketing has exploded in recent years. With it’s promises of riches with the push of automated cash generation software, intenet marketing has attracted a high percentage of opportunity seekers…. those that are unwilling to put the effort in to become a strategic online business person.
Creating a successful, profitable and sustainable online business ISN’T AS EASY as what people may promise you. But then again, if you get it right and are willing to be strategic, re-educate and persevere, internet marketing has opened up new possibilities for alternative income streams that may one day surpass your 9 – 5 income.
…. and that’s an interesting thought!
So Why Do Most People Fail Online?
Gone are the halcyon days when you go put any old garbage online and expect instant sales. Unfortunately it’s not quite as simple as that any more. It requires a whole lot more. Similar to any brick-and-mortar business, you need to differentiate you and your business.
Most importantly for any online strategy to be successful, you need to treat it like a Real business. This is where most people fail. They have been sold the story of instant internet riches and are repelled by the thought of having to apply sound business principles to their new online hobby.
Listen, internet wealth does not happen over night. Yes, I am sure you’ve read the overnight online success stories, but these are by far the exception rather than the norm.
Instead, you need to apply uncommon sense principles to your online business;‘uncommon’ because very few people actually follow them. As a result, they simple fail, get frustrated, and say the whole ‘GURU’ thing is just a scam.