First of all I have to apologize from my readers for not writing as regularly as I should.
I have been busy with my new web site and still have lot of work to do. I will share it’s progress step by step once it is launched. It is an affiliate promoting web site and you will be able to witness its growth and hopefully copy down the marketing strategies I am using for your own success.
When talking about Marketing, one person I cannot forget is Seth Godin. Be it online marketing, be it offline marketing; he is a genius. Recently I stumbled upon a great video that I could not resist sharing with you. Some call this as “seth godin’s purple cow video“.
I can guarantee it will add value to the way you think and your approach to marketing.
What do you think? What is more important; the product it self or marketing? For me, if product is the king, Marketing is the queen. And as Seth Godin says, the unique approaches will always win. No body wants to see a cow, but a purple cow will get everyone’s attention.
You can catch him on seth’s blog. One of the few top blogs which carries the authors name as a brand name. John chow is the other one which comes to my mind. Do you think having your personal name as your blog brand is good? Do not hesitate to share your ideas and get a PR3 link back to your site.
After publishing my last post, I received countless emails asking how to proceed with eToro and complete the first forex trade. Since it is impossible for me to answer each and every email, I am writing this post to give you step by step instructions with screen shots. Please visit here if you need a full introduction.
I hope you have already downloaded the software and installed it in your computer. If not, please Download it from here.
First, double click on the eToro icon from your desktop. Then it will present you with the following dialog box. Click “trade for real” and register a real trading account through the “open new account” link.
Then you will be taken in to the trading platform. Now in order to trade, you have to deposit some money. Hit the “click to deposit” button.
Now you will be presented with the following screen. Recommended funding methods are, Credit card,
Paypal.
Moneybookers.
Wire transfer.
Please select this carefully. When you are withdrawing money, you have to use the same method which you used to deposit money. Credit card is the easiest option because eToro can send funds directly to your credit card and you can withdraw it from the nearest ATM. At the moment withdrawing via ATM is available only to credit cards with the VISA sign. I am doing this every week without any problems.
Once you complete the payment, your account will be automatically credited with the amount you deposited. Do not forget to use the promotional code when depositing money. In case you have forgotten, the promotional code is ” get bonus”. Read all about these bonuses here.
I recommend you to do at least few 25 demo trades before trading with your real account. When deciding what to trade I always take a look at “top trader’s insight“, which shows what the eToro top 100 traders are doing at the moment.
If you are unfamiliar with forex scene, you might want to quickly go through the following glossary.
Exchange Rate- The value of ones currency in comparison to another. For example if you see, EUR/USD 1.2100, 1 Euro is worth $1.21
Currency Pair- Two currencies that make up an exchange rate.
Base Currency – The first currency in the pair.
Counter Currency – The second currency in the pair.
Currency Pair Terminology- These are basically the slang terms for trading certain currency pairs.
EUR/USD – “Euro”
USD/JPY – “Dollar Yen”
GBP/USD – “Cable” or “Sterling”
USD/CHF – “Swissy”
USD/CAD – “Dollar Canada”
AUD/USD – “Aussie Dollar”
NZD/USD – “Kiwi”
Pip – The smallest increment a currency can make which is also
known as points. 1 pip = 0.0001 for EUR/USD. USD/JPY = 0.01
If you need more information you can visit my other web site, “start forex trading“. All the information is free and presented in a simple manner.
Let’s complete your first forex trade.
You can use any method out of the following.
Global Trader.
Forex trend.
Forex Marathon.
Trade box.
These are simply different interactive trading methods offered by our user friendly forex platform.
In global trader, select the currency pair you want to trade. Then you can decide the risk/reward level. I leave it at *200 default level. You will learn all about this from the guide you are getting. So do not worry. This is not rocket science.
And from here, you can impose trade limits. Which means if you want to stop the trade , say when your loss is $25, you can do that by clicking the “advanced” button. And also you can stop trades when you are in profit also. Just ignore this when you are doing your first few trades. I have not set limits ever. I just stay glued to the screen and stop trades manually when I want. You do not need to set it automated.
You can slowly explore the other trading methods from your Demo account. You are getting Virtual $2000 to experiment with real time trades. Make use of this opportunity. A complete and simple guide to trade forex can be found here.
If you have not already downloaded the platform, do your self a favor and get it now.
Please take 5 minutes to read the following information carefully. You will not regret it. Guaranteed.
According to Wikipedia, average daily turnover in global foreign exchange markets is estimated at $3.98 trillion. New York Stock Exchange requires half of a year to achieve a day’s worth forex trades. I think this gives you a clear picture of how big the forex market is.
A Decade ago, only world banks and ultra rich billionaires were involved with forex. Most brokers required a minimum deposit of $100,000 before letting you start trading.
But thanks to the rapid development of Internet, Now you can start trading with even $10. There are many online brokers who will let you open accounts with few dollars. If you need to learn more about how this is working, please refer to this forex startup site. which covers the basic details for beginners.
If you believe you can pick things fast, read on. This offer will not last for long.
My online forex dealer is eToro. Very reliable, excellent support staff, world’s most simplified trading platform and a large part of it is owned by son of statesman and president of Israel, Shimon Peres. Rest assured, your money is super safe with them.
Update 06/12/2008
This post will be updated with latest forex bonuses available.
Get a 100% bonus, for your first deposit of $100* ! Just enter promotion code: “get100″ when you make your deposit.
Let me clear things more for you.
First time traders.
If this is your first time with eToro , You just have to deposit $100. They will add another $100 as extra and your account will instantly be credited with $200.
That’s not all. Super Forex Bonus 02.
This one is from me. If you started real trading after reading this post, Post you’re trading names in the comments section. Or else, contact me here. All of you will get a small gift of $10 to your paypal account. (Payment method is negotiable. For Sri Lankans I can even do bank deposits or send payments via cheques.)
That is not all. One lucky winner will get $200 cash gift from me. yeah, $200 just like that. Winner will be announced once there are 10+ partcipants. You just have to start trading for real, that’s it.
Oh, I almost forgot, all new traders who comment here will get a forex trading simplified guide worth $80 from me for absolutely free.
And once again, if you need further details, read this article. You will get hold of other things once you start trading. You need to be in water if you want to learn swimming. So, Do yourself a favor and do not let go of this opportunity.
If you are scared, demo trade with virtual money first. They give $2000 virtual money when you first start an account. Practice with it if you need. Then start trading for real. I have earned more than $100 everyday since last Tuesday. Recently I withdrew $1200 successfully and It all started with one small deposit of $50. I never had to deposit more. It is your time now !!!
Refer here to learn step by step on how to complete your first forex deal.
Credit card,
