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Surviving Tough Times Online
by: Jim Edwards
- by Jim Edwards

(c) Jim Edwards - All Rights reserved
http://www.thenetreporter.com
=====================================

With economic problems dominating the headlines, all
businesses, online and off, need to make the most of every
single customer contact if they hope to stay in business!

Consumers want to hang onto every dollar and only spend
money for things they feel they really "must" have.

To put yourself and your business in the best position to
survive and thrive in the current economy, follow these
simple rules for making every website visitor count.

The first step in making every visitor count involves
knowing exactly what people want from you. The vast
majority of businesses never bother to ask what customers
and visitors want, and therefore, they make fewer sales
than they could with a little research.

Smart online business owners use surveys regularly to stay
in touch with customer needs, tastes, and preferences. It
costs next to nothing to ask a customer what they want and
then simply give it to them. But, it may cost you
everything if you don't take the time to ask first.

Next, businesses hoping to make it in these uncertain
economic times must form alliances with other business
owners who cater to the same audience. Other business
owners have the traffic you need in order to grow your
business.

For this reason, you must constantly look for creative ways
to work with them. The easiest way to profit by working
with other website owners involves endorsing each other's
products to your own lists or, at a minimum, trading links
to funnel traffic back and forth.

Creating traffic from "scratch" rates the slowest and
costliest way to bring customers to your website.
Persuading other people to send targeted traffic your way
puts you on the fast track to profits.

The third step for triumphing in uncertain economic times
entails building one-on-one relationships with your
customers and prospects, even if you have thousands of
them. They must feel as if you are speaking only to them
in all of your communications.

The quickest way to accomplish this involves specializing
in one highly specific area of concern for them. In other
words, no matter what you sell, you'll never succeed as
"Wal-Mart." To succeed, your online business must
completely meet the needs of your customers in one,
specific area.

Time to face facts: the Internet won't go away! In fact,
despite the well publicized "dot bombs" of a couple of
years ago, the Internet forms a more integral part of our
lives than ever.

Even if you feel like your business, your job, or some
other important aspect of your life doesn't depend on the
Internet today, what about tomorrow?

Finally, everyone must stay current at all times with the
ever-changing landscape of the Internet. At some point,
virtually every one of us will find the Internet an
integral part of our business lives.

As effective business people, we must develop the ability
to adapt to change and give customers what they want - not
in months or years -but in the space of hours or days.
About the author:

Jim Edwards is a syndicated newspaper columnist and the co-
author of an amazing new ebook that will teach you how to
use free articles to quickly drive thousands of targeted
visitors to your website or affiliate links...

Simple "Traffic Machine" brings Thousands of NEW visitors to
your website for weeks, even months... without spending a
dime on advertising! ==> http://www.turnwordsintotraffic.com


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 Forex: Benefits of Trading the Forex Market
 by: Raul Lopez

Trading the Forex market has become very popular in the last years. Why is it that traders around the world see the Forex market as an investment opportunity? We will try to answer this question in this article. Also we will discuss come differences between the Forex market, the stocks market and the futures market.

Some of the benefits of trading the Forex market are:

Superior liquidity.

Liquidity is what really makes the Forex market different from other markets. The Forex market is by far the most liquid financial market in the world with nearly 2 trillion dollars traded everyday. This ensures price stability and better trade execution. Allowing traders to open and close transactions with ease. Also such a tremendous volume makes it hard to manipulate the market in an extended manner.

24hr Market.

This one is also one of the greatest advantages of trading Forex. It is an around the click market, the market opens on Sunday at 3:00 pm EST when New Zealand begins operations, and closes on Friday at 5:00 pm EST when San Francisco terminates operations. There are transactions in practically every time zone, allowing active traders to choose at what time to trade.

Leverage trading.

Trading the Forex Market offers a greater buying power than many other markets. Some Forex brokers offer leverage up to 400:1, allowing traders to have only 0.25% in margin of the total investment. For instance, a trader using 100:1 means that to have a US$100,000 position, only US$1,000 are needed on margin to be able to open that position.

Low Transaction costs.

Almost all brokers offer commission free trading. The only cost traders incur in any transaction is the spread (difference between the buy and sell price of each currency pair). This spread could be as low as 1 pip (the minimum increment in any currency pair) in some pairs.

Low minimum investment.

The Forex market requires less capital to start trading than any other markets. The initial investment could go as low as $300 USD, depending on leverage offered by the broker. This is a great advantage since Forex traders are able to keep their risk investment to the lowest level.

Specialized trading.

The liquidity of the market allows us to focus on just a few instruments (or currency pairs) as our main investments (85% of all trading transactions are made on the seven major currencies). Allowing us to monitor, and at the end get to know each instrument better.

Trading from anywhere.

If you do a lot of traveling, you can trade from anywhere in the world just having an internet connection.

Some of the most important differences between the Forex market and other markets are explained below.

Forex market vs. Equity markets

Liquidity

FX market: Near two trillion dollars of daily volume.

Equity market: Around 200 billion on a daily basis.

Trading hours

FX market: 24hr market, 5.5 days a week.

Equity market: Monday through Friday from 8:30 EST to 5:00 EST.

Profit potential

FX market: In both, rising and falling markets.

Equity market: Most traders/investor profit only from rising markets.

Transaction costs

FX market: Commission free and tight spreads.

Equity market: High Commissions and transaction fees.

Buying power

FX market: Leverage up to 400:1.

Equity market: Leverage from 2:1 to 4:1.

Specialization

FX market: most volume (85%) is made on major currencies (USD, EUR, JPY, GBP, CHF, CAD and AUD.)

Equity market: More than 40,000 stocks to choose from.

Forex market vs. Futures market

Liquidity

FX Market: Near two trillion dollars of daily volume.

Futures market: Around 400 billion dollars on a daily basis.

Transaction costs

FX market: Commission free and tight spreads.

Futures market: High commissions fees.

Margin

FX market: Fixed rate of margin on every position.

Futures market: Different levels of margin on overnight positions than day time positions.

Trade execution

FX market: Instantaneous execution.

Futures market: Inconsistent execution.

All this makes the Forex market very attractive to investors and traders. But I need to make something clear, although the benefits of trading the Forex market are notorious; it is still difficult to make a successful career trading the Forex market. It requires a lot of education, discipline, commitment and patience, as any other market.


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