My Money Blog

It seems lots of people are using do follow blogs to create backlinks to their site, thus increasing their visitors and their placements in search engines. I have decided to create my own Dofollow blog directory, and hopefully using out of date blog lists is now behind us

The site is still under development, but I have added blogs already and will continue to add new blogs dayli. (have around 50+ more blogs to add at the moment).

I hope users will help me maintain it by reporting bad links and those blogs that have turned no-follow.

Just click here to go to my new: dofollow blog directory

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The past couple of weeks I have tested the Fapturbo Robot on a new live account. This post is not about theis forex robot but being back in the forex market made me seek out some fundamental “rules” about forex trading. So here is some of the places I thought was excellent sites that any new traders should have a look at:

1. Dailyfx

Dailyfx.com has a range of vidoes that will teach new forex traders how to spot the market trend, use different tools, money management and more (Go to to dailyfx.com training videos). The videos are fairly simple but holds so much valuable information. Information anyone must know to be successful in the forex trading arena.

The site also has alot more info that surely can be used in everyday trading.

2. Forexfactory (forum)

The subtitle here may suggest that forexfactory.com is a forum. It is a complete website and have a very nice “Todays Forex News page”; but actually I want to mention their forum. Ofcourse the forum has plenty of threads as most forums do, but especially the EUR / USD thread is more than active and you can learn alot just by being a passive reader. They share both ideas tips, chart analyzis and more. I recommend stopping by because there is so much good information in there.

3. Babypips

If you are a brand new forex trader, it is crucial that you attend the babypips school. No you do not need to sign up or join in anyway. The school lets you start in any grade, but I recommend starting in pre-school and work your up. If or when you have learned all about the basics, you can continue to forex-college! This site is exellent and should not be ignored by anyone wanting to learn about forex trading.

I know there are plenty of sites out there that can teach you about forex, but these are the sites that gave me the most info, and I had no problem understanding it. It might not be so for others. If you come across a site that you believe holds good forex learning resources, let me know. I will add it to this post asap.

Happy trading.

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The last couple of posts here has been about some daily updates on the performance of the Fapturbo robot. I have decided not to update these per day but rather per week. Untill I start this update (counting from this Monday this week), let me just give you a short update:

Prevously I had great experience with the Fapturbo robot, but this time it really doesn’t impress me at all. It still does make good trades everyday, earning me around $20 -$40 a day on some trades. However it seems to make at least on or two trades a day that reaches the stop loss and therefor kills whatever is gained. I have managed to grow my forex account tremendously, but only by shutting down fapturbo as trades came close to a stop loss, then waited till the trades went positiv and close them manually.

Especially one trade really got me worried: Fapturbo opened a long position which rapidly became a loss. Although the trade didn’t reach the stop loss the fapturbo robot decided to close it with a loss. I don’t mind taking a loss if I have too, but just 20 seconds later it opened a new long position on the same pair. If the Fapturbo robot believes the pair will go up why close a long position?!

I am considering taking of the fapturbo money management, and run it with my own settings. Also, I will probably interfere from time to time, shutting down the forex robot to prevent it from closing or taking small profit if I feel I can do better myself. I will ofcourse mention this whenever such measures has been taking.

Untill next update: Happy trades!

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Todays fapturbo trading was not impressive at all. As I wrote in my last post, I had an open position which was on the negative side. That position (8804020) ended with a stop loss and a total loss of  $66.11. Although the fapturbo had many positive trades last night, it also had another bad trade that also ended with the pre-defined stop loss (8824861). A loss of $69.02. Both of these trades where a long position on EUR / CHF, so it seems the fapturbo robot made some really bad calls yesterday on that specific pair.

Seeing the profit versus the loses, I am wondering why the default settings are set to take profit after 5-10 pips but stop loss is 50 -80 pips depending on currency pair. Why take such big loses when the robot hasmade a wrong decission shouldn’t it cut the loses instead of hoping for a good result…?

I have decided to try with friday tradings on (default settings are off), so we will see how the robot will perform tonight.

Here are todays results:

Lot size 0.1
Leverage: 400 (high leverage for test purposes. NOT recommendable! More info on lot size and leverage here)

The profit for each trade is the far right column.
Total profit for 3. Feb: $ -102.13

Total profit for this account: $ -51.16

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Another day has past and the forex robot FAPturbo has made some nice trades.

Here are todays results:

Lot size 0.1
Leverage: 400 (high leverage for test purposes. NOT recommendable! More info on lot size and leverage here)

The profit for each trade is the far right column.
Total profit for 3. Feb: $ 33.03

Total profit for this account: $ 50.97

At this momment I have an open position that is on the negative side. The result will ofcourse be uploaded once this position is closed.

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I have thought about setting up a fabturbo forox robot account, for the sole purpose of writing the results here on this blog. Finally, I’ve taken the step and I’m proud to able to put up the first results;)

The trades are all made with newest realease of the fapturbo forex robot scalper stratefy, and all settings are default. I have not changed any settings at all.

Here are todays results:

Lot size 0.1
Leverage: 400 (high leverage for test purposes. NOT recommendable! More info on lot size and leverage here)

The profit for each trade is the far right column.
Total profit for 2. Feb: $ 17.94

Total profit for this account: $ 17.94

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Christmas is just a few days away which means 2009 is comming to an end. This also means this years Forex trading is closing soon. Although the forex market will open again shortly after we have toasted with our friends an family and welcomed the new year, it is not adviseable to jump into the forex market just yet.

The forex market tend to be very unstable the first couple of weeks in the new year, as many people and investors spend this one and only major break in forex trading, to spend time with family and friends. So be carefull with your tradings in the new year.

My suggestion to you as a forex trader is; Just do what the others are doing. Take some time off. Close the laptop, and visit some family or spend time with your kids. The new year will bring plenty of time for trading so minimize your risks and gain a profit on the other things that life has to offer.

Merry Christmas Everyone and Happy New Year
May 2010 bring you happiness and wealth!

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The most difficult tasks as an online marketer is finding people to talk to about your service or product. There are general two ways for new online marketers to find leads, and these are often the ones that are told to them when they have joined a MLM-business.

Look for friends and family, that would be interested in your product – (not really something I would do)

Buy leads of people seeking online business oppertunities, which can be expensive,

Although the warm market approach works for some people meaning about 1% of all network marketers, it’s generally not a good idea. You are limited in the amount of people you can prospect and there are many reasons why, however it’s not the topic of this article. Instead we’re going to analyze buying expensive business opportunity seeker leads.

Why Buying “Business Opportunity Seeker Leads” Is Not a Good Idea, Your MLM Success Depends On It

Buying these business opportunity leads is unfavorable to the success of your mlm business and here’s why:

MLM Success Secret #1 – Because They’re Expensive and Not Exclusive

Business opportunity leads will often cost well north of a dollar per lead depending on the type of lead you are actually buying. The leads you have paid an expensive amount for aren’t exclusive to you meaning that people in other MLM businesses will have access and be able to purchase the same leads. That’s how these crafty MLM lead brokers make their money, by selling the same lead to multiple network marketers.

Usually by the time you get the lead on the phone they’ve already been contacted by multiple people and more than likely they’re sick and tired of being pitched by every so called great opportunity. These people have already been invited to multiple presentations and are constantly receiving tons of annoying follow-up calls.

By the time you make the call, they’ve got a response already prepared for you. Just in case, I would recommend you be prepared yourself because more than likely you are going to be shot down and be made to feel like a piece of trash right before getting hung up on. Fantastic! You just spent a dollar or more for that? Get ready, because if you keeping buying those type of leads it is exactly what you’ll get, try and see for yourself.

MLM Success Secret #2 – Many Of The Leads You Purchase Are Not Looking For a Business Opportunity.

I can personally tell that I’ve dialed thousands of these kinds of leads and I know for certain that most of the leads you call won’t be looking for a business opportunity. In fact more than 50% won’t have the money required to invest into a business and they’re really looking for a JOB.

For example, lets say you buy 100 leads at $2.00 per lead. This means that you will have spent $100 to speak with people who don’t have a credit card or may be on welfare. This means they can’t join your business or even by your product or service.

It’s truly sad, but most of these people were probably online at 2:00AM and filled out some type of survey to receive some type of FREE offer they were promised for completing the survey. Somewhere along the line they probably clicked a box that said they were interested in starting a home based business without even paying attention to what they were actually clicking on.

The other $100 you bought in leads is a toss-up between you and all the other marketers out there. It depends on who gets to the lead first without getting beat to the punch.

Why Do Network Marketers Buy Leads?

Network marketers buy leads because they don’t know where to begin or how to find leads on their own. Bottom line you’ll get lucky every great once in a while if you stick with it long enough. Eventually you’re bound to find a superstar that will explode your business but you have to ask yourself is it worth the time and expense? NO! Most definitely not!

There Are Better Faster Ways to Find Leads

I have personally found that using the internet to generate my own leads has been the single best way to find leads. If you own the lead that is being generated by you, you have a sense of control over it and your business will be in good shape. I guarantee it.

By generating your own leads, you are the only one who gets it. It’s not resold to other potential marketers. Someone who searches for your product or service finds your website online. Your marketing message is presented and the person that found you online decides to leave their contact information for you and only you.

At this point they are expecting your call so when you do finally get around to it they already have a sense for who you are. This makes the conversation a lot easier as the prospect has expressed an interest in you first, not the other way around.

Grant it there is still a bit of a cost involved but as you already know, running a business from home is going to involve some business expenses, right?

The secret to MLM success on the internet is to learn how to create a website with the right marketing message so that you are speaking to a targeted audience of qualified prospects. It makes your life much easier and not to mention it is a system that will work for you 24/7 while you sleep.

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The foundational platform on the internet is based on searches by users. These users conduct searches with search engines. The top engines are Google (the ultimate), and Yahoo and MSN. Many people start searching when they are looking for products and/or services. These search engines can monumentally increase a service’s website popularity. Optimizing your rankings in the search engines can be an incredibly profitable move.

How in the world will you ever compete with all the other providers that appear in the search? Will you even be near a level where the searcher even finds you? If the keyword tan is placed into one of the search engines search bar, millions of hits will occur. Even if it seems virtually impossible, you can reach a goal of becoming among the top ten ranked in the search engine. Most people stop at the first page of results if they find what they were looking for. Search engine optimization (or SEO) comes into play here.

There are rules involved in figuring out which websites are the most relevant in regards to a particular keyword search. In order to make money in the SEO world, your website needs to be tweaked with your relevant keywords that users are likely to use when searching to find your product or service. Search engines that see your keyword optimization and relevance will move you higher in the ranks of webpage searches. The traffic on you website will be increased thanks to SEO; you will be more likely to be picked for your product or service as you will be in the top search results.

Keyword density usually guarantees the most traffic to a website. SEO occurs with this keyword density. META tags, descriptions, adjectives, titles, inbound links and quality keyword content are the leads to making money online in SEO.

The content and keywords in the description are quite important as this may make the buyer’s final decision on whether to purchase products from you or not. Inbound links direct the user to the optimum webpage on your site based on their search and its relevance to that page. This eliminates frustration in navigating through many pages of an SEO unfriendly website. Affiliate marketing birthed inbound links that are featured on blog or website pages. This passive income occurs beneath the surface of the business; this is what happens to generate income without much effort on your part. Your traffic and inbound links are related to the high traffic in the affiliated websites and result in high rankings.

Good, quality SEO content is important in improving SEO and rising to the top of keyword searches. An SEO content writer can help you to make money fast; this will also be in a way that ensures future rankings and sales.

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Affiliate programs can be a very important and money saving option to create residual income and even passive residual income. Most of us learned that a job is having a boss or being your own boss – this requires set hours and getting paid upon time spent and work done hands on on the job.

There are different types of residual income. These can be royalty, interest or investment income. Royalty income is a long term money earning method. Copyrights and licensing are examples of royalties. Writing a book with royalty income means that every time someone buys your book, you will get part of that money. Nothing else has to be done to receive that income other than books continuing to sell.

Royalties may apply to inventions or other patented items or ideas as well. If an inventor invents a new way to transport a baby while shopping or walking, the item can be patented by the inventor. He must have a manufacturer to produce and distribute his product, however. This company would send the inventor royalty sums every time one of his baby buggies is sold. The income continues to generate for the inventor as long as people buy the baby buggy.
Minerals and natural resources such as oil can be part of a royalty agreement also. The owner of the land where these resources are located can give permission for their use by interested companies; the company then sends the property owner royalty checks every time one of their products is sold.

Interest income is rarely seen as a form of residual income. Loans or deposits earn interest income as long as their amounts stay in the account of the provider that pays the interest. Retirement preparation is based on interest (residual) income plans. Using the amount desired and needed to live monthly after retirement is multiplied by twelve for the annual amount. Earning 5% on an amount of money can become the desired amount if the calculated necessary money remains in that account while earning interest. This will be residual interest income upon retirement.
Net income in real estate is investment income. These investments might be bonds, stocks, or real estate itself. The money continues to multiply as long as the investment money is maintained and owned by the investor. This is passive residual income, as the money continues to generate income with the investor never touching it.

And this brings us to the latest residual income category – income affiliate programs. Sales are generated by an employee for someone else’s product or service; the sales and referrals are monitored 24/7 by software, and the referral fees are paid to the affiliate. Continuing sales, referrals and advertising ensures the residual income keeps being made by the affiliate.

Network marketing is a branch of affiliate marketing. Advertising and distributing (physically or online) products and/or services for a manufacturer that result in a sale generate percentage payments of the sales. This is then passed on to the affiliate. When the goods run out or need to be reordered, the distributor is paid again by the manufacturer.

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