Why Is the GBP/USD Referred to As the Cable?

The Cable dates back to the 1800's, when all communication between the United States of America and Great Britain was done via an underlying cable across the Atlantic Ocean. This also was the method of transferring exchange rates in currency on the forex market in the early years of forex trading.
Although things have somewhat progressed since the 1800's, the use of live data feeds through hosts computers and the internet has taken over; the name the "Cable" has stuck with the forex traders of this decade. Often you will hear a trader say "I'm going short on the Cable today" meaning I am selling the GBP/USD.
If you are unsure how the currency pair GBP/USD works then read on: All currencies are traded one against another in this case the GBP (Great British Pound) against the USD (United States Dollar), it is the first currency in the pair that remains static, in this case £1. The second currency is the fluctuating currency to a singular of the first. For instance, to watch a live feed of the GBP/USD you might see the figures 16790 fluctuating up and down.
The figure is the value of the dollar against a single pound, in the case of the above figure $1.6790 against £1. You will also notice that there are an extra two decimal places for every currency traded, in the forex trading world these are known as pips and are what traders place their bid on.
If a forex trader where to bid $10 a pip on the cable to go long and the GBP/USD increased from 16790 to 16800 then that trader would be in profit of $100; even though the value of the cable has only increased a tenth of a cent. With fluctuations of 100's of pips a day you can see the profit potential.
The cable is one of the most popular currencies traded but for from all that is on offer. There are the major currency pairs such as; the EURO, AUD, CHF,CAD, JPY which are all traded against the USD, there then are minor currency pairs which interchange the majors, the EUR/GBP for example. The basics of forex trading remains the same as for the explanation of the cable, however the strategy varies greatly between currencies and of course between traders.
To get a grasp on how to trade forex and the cable it is advised to seek some professional help through a recommended source such as a forex club.
Adam has been trading forex [http://www.dogoffx.info] for 5 years and until recently with little success. Adam recently joined the World Forex Club [http://www.dogoffx.info] and has since seen his profit margin quadruple in the past two years. Colin is a professional trader who shares his trading live, over a webinar three times a day 5 days a week, all you have do is copy what he does and take the profits. Since Adam joined Colin he has had the money to invest in other projects and gone on to be a successful full time forex trader and internet marketer.

Trading the GBP/USD With The Signals Machine

If you've ever traded the GBP/USD, or are considering trading it, then you need to take a look at The Signals Machine. The creator of The Signals Machine, Tal Herman, who instead of trying to chase every currency pair and blowing up his account, decided to focus on one pair, the GBP/USD.
Why the GBP/USD?
Three main reasons why he chose this pair are:
  1. Liquidity - This pair is very easy to get into and out of whenever you want or need to.
  2. Active - The GBP/USD is very active, which means no shortage of trade opportunities, and
  3. Predictable - Because the GBP/USD is a major pair, Tal and his team are very skilled at reading where the pair is headed.
These three things make the GBP/USD a great choice if you're looking to make nice steady profits.
By Focusing Their Energy on Three Trading Strategies:
  1. Extreme Breakout - to take advantage during volatile market periods,
  2. Safe Reversal Point - short to medium term strategy predicts direction based on their specific indicator combination,
  3. Trend Correction Breakout - Their most consistent strategy. When used correctly you can see thousands of pips on a regular basis. This one was the Winner of the "2009 Most Profitable Strategy" award for the GBP/USD pair.
How Does it Work?
First, you get a voice, email, and visual alert along with a one click trading message. Click "yes" and The Signals Machine automatically places a market order or a pending order based on market conditions. Once the trade has been executed, it is also managed automatically based on preset parameters, that are customizable. Also, the strategy that triggered the signal, the entry price, take profit, and stop loss are all displayed right on your chart.
What About a Major news Event Whipping me Out of My Trade?
The Signals Machine has built in news protection. Depending on the impact level of the upcoming news, you get a stop trading alert. Now it's up to you to either exit the trade, or ride out the news event. If you're not in a trade at the time the news alert comes, then there's no worry about whether to exit.
Currency Strength Meter
The Signals Machine also comes with a built in currency strength meter that analyzes the strength of the GBP/USD pair. If the meter determines that the pair is strong, it will deliver trading signals. Conversely, if it determines that the current move is weak, signals will not be generated. This is a nice addition I would like to have with other pairs as well.
Voice Notification System
The Signals Machine also has a built in voice notification system. If you happen to be getting a cup of coffee or taking care of other business, you won't miss your opportunity. Some of these notifications include:
  1. Buy Signal - Pretty straight forward
  2. Sell Signal
  3. Possible Signal in 15 Minutes, waiting for bar to close, and
  4. Scanning for trades
As well as other notifications depending on market conditions.
To read more about The Signals Machine and other reviews, visit me at My Trading System Reviews

The History of AUD in GBP

It is only recently that the Australian dollar has significantly outperformed UK sterling on the currency markets but why?
The last 10 years have seen a massive change in the economies of the UK and Australian which has impacted upon Australian dollars and the British pound. Within the last few years we have seen a rate of 0.4 Australian dollars to the pound increase to 0.6 Australian dollars to the pound. This is a 50% increase in the value of the Australian dollar against the UK pound which is a massive variation for currency markets.
The Australian economy
The Australian economy has moved out of recession quicker than the vast majority of countries around the world and is now seen as one of the stronger economic centres for the future. The change from a manufacturing economy to a services economy has proved very lucrative for Australian government and continues to attract the attention of more and more skilled overseas workers.
The UK economy
Over the last few years the UK economy has struggled due to high levels of government debt, difficult trading conditions and the worldwide economic downturn. Despite the fact that the UK economy has officially moved out of recession there are concerns that this recovery is fragile and could turn about-face if further worldwide financial difficulties were to occur.
Immigration
There is no doubt that Australia has benefited more than any other country in the world from an immigration policy which has brought in hundreds of thousands of skilled workers over the years. When you compare this to the UK immigration policy, which has also brought in skilled workers as well as relatively unskilled workers, perhaps you have one of the reasons why the Austrian economy is more prosperous than the UK economy at the moment.
Employment in Australia
The employment market in Australia is still very buoyant and while there have been some reductions of late on the quota of skilled workers allowed into the country there are still many opportunities for those looking for a new adventure. Many experts believe that the Australian economy is very well-positioned for the future and forecast significant growth in the short, medium and longer term in what has been an amazing turnaround for Australia.
The future
When you check out the rates for AUD in GBP it is difficult to imagine how much change we've seen over the last few years with the value of Australian dollars and British pound having changed dramatically. This has impacted upon the cost of living for UK expats moving to Australia and the currency risk which now need to be taken into consideration more than ever.
Conclusion
While the increase in the value of the Australian dollar on the currency markets has assisted the import market in Australia it has made exports more expensive. However, this is a by-product of a very prosperous Australian economy which continues to grow to this day, attracting large numbers of expats looking for a new homeland.
You need to check the AUD in GBP exchange rate if you are moving to Australia so you are aware of the rate between Australian dollars and British pound.

Forex Strategy - EUR - GBP Scalping

Learn to use timing and statistics in your trading. While you can never be able to foretell when and how the forex market will move, it is always best to have the background knowledge of how the particular currency pair that you are trading has moved historically.
For example, statistically, most currency pairs begin sudden and bigger movements at certain hours of the trading day. At 6:00 GMT, when the European market opens, there is almost a clockwork tendency for the market to move. Asian market trading is usually sleepy. And a trader can easily sense that European traders are entering the market at around 6:00 GMT when volatility starts rising and trading volume begins picking up.
It is the European market which usually makes the initial movement and gives direction to certain currency pairs, particularly those connected to the European region. Certain pairs are almost frozen in tight ranges during the Asian markets. A perfect example would be the EUR-GBP pair. If you would observe this pair for quite some time, you would notice that from 22:00 GMT up to until 5:00 GMT of the following day, the EUR-GBP almost always trades in a very tight range. Now, you may wonder how would you be able to make money if the currency pair almost does not move during this particular time. Remember one of the golden advantages of the forex market: there is always opportunity to make money in trading forex!
Even in a situation such as a currency pair ranging for a couple of hours, there is opportunity to make money. And it is pretty easy to do so. A currency pair which ranges is a perfect playground for scalpers. 5-8 pips for every little upward or downward movement in the market is all a scalper targets.
Since you are there to scalp, you expect to be in and out of the market in only short amounts of time. In fact, when scalping, the quicker it is, the better. So it is usually best to use the 5M time frame when timing your entries in the EUR-GBP. The secret lies in using the correct indicators to know when you will buy or sell. Exit levels vary depending on how fast the market can reach your profit target. But always remember that this is just a scalping strategy. Never be greedy for more pips since you are just targeting 5-8 pips per trade. If the market is not really cooperative, you may even have to exit with just 1 or 2 pips in the bag. Better safe than sorry.
Depending on a trader's risk appetite, some scalpers even add positions or use Martingale strategies once they get in the EUR-GBP market. Since he truly believes that the market would bounce back to the levels where he bought his initial entry, he might as well take advantage of the opportunity of an oversold EUR-GBP, and buy some more lots before the price eventually turns around and hits all of his profit targets.
Of course, it goes without saying that there should be proper capital management when scalping. Know the limits of how much you can expose in one particular scalping opportunity. And stay within those limits. Stoplosses are also very vital in this strategy.
Opportunities are there every trading day in the forex market. Just know how to trade each type of trading environment. And stick to your trading plans and capital management guideline.
The author, George Patterson, is an economist by training, and an entrepreneur by profession. He rediscovered his passion for writing with the advent of blogging, and has been writing out his thoughts in a myriad of subjects ever since. Has been trading forex full-time for a living for the past 7 years.
To know more about the specifics of this trading strategy, visit his websites at Invest In Forex Online [http://investinforexonline.com] and Forex Automatic Trading [http://forex-automatic-trading.info].

Tips on How to Trade the GBP/USD

The GBP/USD is the most popular and the most volatile currency pair of all the major Forex currencies. The reason for its volatility is simply due to its popularity; more traders' means more movement in the market. This makes the GBP/USD a very profitable currency pair to trade, but it also makes it susceptible to big swings and erratic behaviour.
There are many different strategies for trading Forex including scalping, long term and day trading all of which can be applied to trading the GBP/USD. The one thing that is different with this currency pair is the sizable swings that take place within a trend and these must be considered when placing your stop loss.
Support and resistance levels have always been a good indicator on where to place your stop loss but in the case of the GBP/USD it is not uncommon for a candle on a chart to spike 20-30 pips past a support or resistance level before returning to its original direction. What can you do about this? Well the obvious answer is to have a larger stop loss, but you need to consider your risk appetite and how far you are willing to go when it comes to these large swings.
When considering your risk appetite you might also want to consider whether you are more comfortable being a long term trader or a scalper. If you are going to consider staying in a GBP/USD trade for a considerable amount of time then stop losses in excess of 100 pips are not uncommon and in fact, recommended for this type of trading.
The use of EMA's are a good indicator on where to place your stop loss especially with currency pairs that demonstrate large swings. If you where intending to trade the GBP/USD over a longer time frame then you might want to use two different time framed charts, for instance a "daily" and a "4 hour" the smaller time frame would be your indicator of the trend reversal and the larger to keep an eye on the overall trend.
Using 4 different EMA'S on these charts will give you a good indication on what is happening across the board. In this article I am just going to talk about the larger of the EMA's as an indicator for the stop loss and save my other secrets for another publication.
Using an Exponential Moving Average of Nbr periods 34 will give you a good solid back ground for an overall stop loss. The use of these 4 EMA's correctly could see you getting into a long term trade early with just a 60 pip stop loss. If you follow the 34 EMA as a stop loss guide you could find yourself in a trade with 100's of pips in profit and a 200-300 pip stop loss. This does not mean that you have to wait for your stop loss to be extinguished before you get out of the trade; you can wait for the smaller of the EMA's to cross over to indicate a clear change of direction before you exit.
Adam has been Trading Forex [http://www.dogoffx.info] for 5 years and has tried and tested many automated software tools, trading systems and so called copy a trader systems. Although Adam now trades for a living on a daily basis it has taken a trial and error rollercoaster to get there. Adam owes his success to the World Forex Club [http://www.dogoffx.info] for their live rooms, training and above all patience in helping him reach his goals.

Tips on Scalping the GBP-USD

The GBP/USD, also known as the cable, is one of the most volatile currencies on the Forex market and is well known for its quick swings in trends. It is however the currency that is the most traded and the currency that is the most profitable in the shortest time. Scalping the GBP/USD is a great way of making some quick profits throughout the day especially if the currency seems to be caught in a large channel.
I would not recommend scalping this volatile currency to beginners as I previously mentioned it can swing around very quickly. It is important to know your spread betting platform inside out and the speed that you can enter or exit a trade is going to be indicative to your profits. I would also recommend that you use a spread betting company that has the lowest possible spread for the GBP/USD, one or two pips is about right but beware of spread betting companies that fluctuate there spreads with the market situation.
The chart set up that I use to scalp the GBP/USD is a very simple 1 minute chart frame with three exponential moving averages. I set the EMA'S to nbr60, nbr20, nbr10 and I colour them as follows; the EMA 60 is red, the EMA 20 is blue and the EMA 10 is red. Although the red EMA is there it plays a back seat in this trading method, it is only there to give us an overall idea of the long term trend. The two smaller EMA'S are what we are going to use as entry and exit signals for the trades.
We are looking for the crossover of these two moving averages to indicate that the trend is changing direction. Once we have confirmation of this crossover we are then looking for the most recent past support or resistance level to be broken. Once we have this we need to enter the trade very quickly and straight away bring up a closing ticket and prepare to exit the trade. I would use a very small stop loss for these trading no more than 10 pips, once in the trade look for the break out followed by stallage. Once the GBP/USD starts to stall then it is likely a short reversal will follow and getting out of the trade with 4-10 pips is better than a loss. You can always re-enter the trade when it goes past the next low or high.
It is a good idea to have another chart set up with the same moving averages for the GBP/USD set to 5 minutes. If the crossover happens on this time frame whilst you are still in the trade then it is worth moving your stop loss up to the entry point and trying to ride the trend out for as long as possible. This is how you can end up with very large profits from simple scalping trades on the GBP/USD.
Adam had been trading Forex for 4 years with little success. Adam originally had no knowledge of the forex markets so he joined Colin Atkin's private members club. Colin is a professional trader who shares his trading live, over a webinar three times a day 5 days a week, all you have do is copy what he does and take the profits. Since Adam joined Colin he has had the money to invest in other projects and gone on to be a successful full time Forex trader and internet marketer.
 

USD Vs GBP - Which Way Are the US Dollar and the Pound Going?

Ever since the end of the past year, the USD has taken quite a beating in relation to other currencies. The US economy is rife with problems with financial institutes erasing a ton of their profits, so this downfall was warranted. Yet is the time for the dollar to begin rising again has come?
There is no doubt that the USD exchange rates offer an investment opportunity for people who have strong nerves. In this article, I want to look specifically at the USD vs GBP currency pair. For anyone who's not familiar with the acronyms, it's the US dollar vs the Great British Pound or the English pound as it is also known.
Of course, what I write here is my opinion only and you need to make your trading decisions for yourself, but I believe that the currency USD - GBP exchange rate is heading for a shift in the USD's favor.
I make that prediction due to the financial news which is coming out of Britain and which is looking more and more ominous. It seems that the sub-prime crisis will not be limited to the US alone and that Britain, with its huge financial center in London is getting ready to declare some huge losses. These losses will unlikely go unnoticed in the GBP currency exchange rate. Furthermore, the housing market in the UK is undergoing a major downside. Prices have plummeted and I believe they will fall even lower. As the economy shows signs of stabilizing in the US, the tsunami hasn't arrived at the shore of Britain. But when it does, and I have no doubt that it will, the GPB will plummet.
Therefore, it is my prediction that in the USD vs GBP battle, the dollar is going to rise and may do so substantially.
To discover a way to make money on the forex automatically, click here: FAPS Review. John Drummond works from home. He writes often on business, trading, and finances. There is more than one forex trading software. To read John Drummond's review of the 2 best ones, click here: Automatic Forex Trading Software.

 

Online Forex Trading - A Great Way To Make Money

For a long time, little was known about online Forex trading. Mostly wealthier individuals and companies were the only ones investing because large amounts of money are needed to invest in order to actually make a profit. Now, however, many individuals are becoming interested in the online Forex trading market because it is an easy way to make money.
A person can invest a smaller amount of money than larger companies and still make a small profit. They then choose to invest the same amount of money in addition to the profit they just made, and slowly work on building up their money so that they can invest larger sums of money.
In order to trade in the Forex market, one must open up an account for the market, and having a broker is a necessity. There are several articles available online that can help individuals figure out all of the details about how to choose a broker and what they need to consider when opening up an account.
For example, many brokers charge fees. For most, there is a fee for every single trade. This is relatively insignificant when a person is only interested in investing a small sum of money, and then letting it sit for a while. If a person only plans on making a few trades, this probably does not seem important.
On the other hand, many investors like to jump right in, or they wind up making more trades over time, they will need to take this into consideration to make sure that they do not wind up losing money.
The online Forex market is a great way to make money, but it can also be a quick way to lose money as well. If a person makes the wrong trade or does not understand how the market works, they can quickly wind up with almost no money.
This is one of the most important reasons that individuals are encouraged to read as much as they can about this form of investing before taking the steps to open an account. There are several software programs available that are becoming increasingly popular as more individuals are choosing to jump into the market.
These programs help keep an eye on the market, and can then let individuals know when is the best time to make a trade. Most of them include data tools that are used to formulate reports about the market and can help identify market trends. Some even take things a step further by having the option to make a trade for users.
With these programs, the users have to do almost nothing. They simply install the program, set the settings, and then decide whether they are comfortable with the robot making the trades for them. It can really be that simple.
Online Forex trading continues to increase in popularity among the average joe now that the internet allows any person to trade one currency for another. The invention of the internet has opened up this opportunity to allow every individual to enjoy making money through this market, and software programs continue to make it easier than ever before.
Sakura FX is one of the most trusted companies that is used on a regular basis for FX trading software. They offer a wide variety of solution for clients, and pride themselves on making sure that every single customer is satisfied. If a customer is not happy with a product, they can easily cancel their subscription; there is no long term commitment required. This well-known company also offers the most innovative trading platform, and other programs, such as money management to assist customers in every aspect of their trading accounts. Contact information for customers can be found quickly and easily on their website if potential customers have any questions. Visit Us: https://www.sakura-fxtrading.com/

 

What Are Binary Options, And How Can I Make Money?

Every trade has a striking price where you rely on an asset to go either up or down. At the time of expiration, depending on which way you predicted the market to go, will determine whether you win or lose. You will always know what your return is, if you win the trade and what is lost, if you lose. Making money with binary options is possible but you have to do some research and find legitimate brokers. Learning the fundamentals of this industry takes practice and discipline.
Various forms of options are indices, Forex, commodities and stocks. So when trading, look for trades that have a high percentage of return on your money. Typically, brokers will have a 70%-90% return on trades. This new era of trading allows the trader to know exactly what his return will be on his investment at the start of the trade and will always know what he has lost at the end of the trade. Take trading seriously, and don't place random trades that will cause you to lose money.
Trading binary is not as complicated as you think. You don't have to be a licensed trader or have a degree in economics. Make sure you treat this as a business and not a hobby. Because of the high returns on quick trades that you can do, this industry has gained popularity around the world. These brokers have demo accounts for you to practice trading for a reason. Remember, trading has been going on for quite some time now. Don't think you can waltz into this world, place some trades and start making money. It doesn't work that way. Learning how to trade is no different from learning anything else. The more you practice and develop your strategy, you will get better at trading.
In conclusion to what is binary options and how to make money, make sure you never trade with more than 5% of your initial startup. So for example, if you start out with a $1000 in your trading account, make sure your trades are no more than $50. Remember to look for brokers that are regulated and allow the country you live in, to trade on their platform. Most importantly, make sure you do your research on brokers you want to sign up with before you decide to put money up and start trading. The last thing you would hate to lose is money you think is coming to you, after you have taken time to learn how to trade.
If you are looking for some reputable binary options brokers, click on the link below...
http://www.WhatIsBinaryOption.com

 

Can You Make a Living Day Trading?

Can you making a living day trading? Some people ask themselves this question when thinking about other ways to make money. When you ask yourself this, you might be thinking about your financial security. Like many, you want to live a comfortable life style, but at the same time, save enough for retirement. Supplementing your income is common, so don't think you are alone. Trading binary options is an alternative, but you have to educate yourself, practice trading, and be disciplined with your strategy.
Trading on markets such as indices, Forex, currencies, commodities, and stocks lures thousands of people with huge profits, but you have to know what you are doing. Trading seems so simple because only two things can happen. Market is either going to be up or it is going to be down from the point you entered the trade and on which way you predicted the outcome to be. Simple, right? Unfortunately people fail because they have been misinformed and didn't take time to teach themselves about the financial industry.
Lets start out by asking yourself, where did you get your training from?
If you been getting wrong results, you might have to accept the fact that the information you have been receiving is false or misleading.

Here are some examples of what some non-seasoned traders experience when trading binary options.
1. Market reversed the very minute you entered the trade.
2. Entered the wrong trade by mistake and made profit.
3. Many trades that were profitable, turned into losses.
4. Strong trading signal, but you procrastinated and missed the perfect trade.

If you experienced any of these, you are not alone.
To help you along the way as a new trader, I want to tell you about some common indicators that will help you predict your outcome and have a higher winning ratio. These indicators are available to anyone, but you have to practice your strategy and learn how to use them.
1. EMA- Exponential Moving Average
2. MACD- Moving Average Convergence/Divergence
3. CCI- Commodity Channel Index

Along with learning how to use these indicators, you also need to learn how to read a chart. Some traders lean on converting their charts to Heiken Ashi charts which smooths out your graphic lines and allows you to see the flow of the market for better entry's.
So, can you make a living day trading binary options? Many believe if you practice and learn a strategy, and stick to it, you will have great results. Make sure to always do your research before doing anything. Risk is involved, and you have to figure out how much risk you want to take on.
If you are looking for brokers to trade binary options that have a good reputation, go here...
http://www.WhatIsBinaryOption.com

Article Source: http://EzineArticles.com/9538255

Mistakes You're Making With Your Email Marketing

Email marketing can be a highly effective tool for generating additional sales. It's the marketer's secret weapon for turning prospects into customers and customers into repeat customers. If you've generated a nice list of subscribers to your email campaign, then it's important to come up with a well-thought-out strategy. You can get assistance with this from an SEO services company.
It's also a good idea to hire professionals to carry out your email content writing to ensure you don't make any of the following mistakes.
Sending Out Emails Just Because
Brands sometimes become overzealous with their emails, believing that consumers don't mind hearing from them often. Truth be told, this will only scare away customers, causing a hike in unsubscribers. Also, make sure that your emails aren't overly promotional and contain useful information. If you come off as spammy, your emails will be deleted.
Using Sales-Bait Subjects
Forget about using all caps and pushy sales language in your subject lines. Too much of this will only make users not want to click on your gimmicks. Try thinking like a customer. Everyone wants to be treated like a valuable person, not just a quick buck. Personalize your emails, sending out birthday and other holiday e-cards.
Making Emails Too Long
It's best to keep your emails short and sweet - this will help keep conversion rates higher. It hurts your email marketing campaign when there's too much information to sift through. If you have a lot to share, then consider breaking it up in a drip campaign. You can also include links to additional information found on your blog or another site. An SEO services company can come up with the content for your emails based on your audience.
Using No Images or Too Many
Emails without images are pretty boring and those with too many can feel cluttered. It's about finding a good balance. Just make sure the photos you use complement the content. Remember, too many photos can bog down the loading time for the email, which will only hurt your campaign. It will also make your brand appear to be amateurish.
Using Weak Subject Lines
The first impression you make with your emails is with your subject lines. You have to make your email stand out by using subjects that are intriguing, but not far-reaching. Experiment with different ways to grab the user's attention. SEO companies that offer email marketing services can be used to help tweak your content for better conversions.
http://www.ithinkanidea.com/ is a leading, full service internet marketing agency. I Think an Idea works with serious business owners small to large alike. Based out of Los Angeles, CA providing great results for services such as SEO, social media marketing, Online reputation management and PPC management. I Think an Idea can maximize your search engine presence and amplify your brand across social media channels, and help safeguard your reputation.

 

Business Tax - Strategies for Small Business Owners

With all the trumped up ya-ya from the press lately over big businesses, corporate tax, and rich folks not paying their fair share, I wanted to offer up some detailed directions for small business owners who may want an opportunity to save some money on their tax debt and still be able to make a good living income.
How to Strategize Spending -
Business owners have always planned and strategized their expenses for best benefit, but this may be a bit more structured. To strategize your small business spending program to best influence your tax statement, I have a few recommendations.
  1. Either operate as a DBA, or pay yourself as a contractor so you can personally deduct any business expenses you may have.
  2. Use your personal vehicle for business and deduct ALL business miles possible - read the tax code, or ask your accountant - keep documented proof.
  3. Use the home office deduction and work from home at least 50% of the time, as your primary place of business.
  4. Don't overdo it on the deductions. Stay legitimate and don't take advantage of the situation, it will get you in trouble, but do take ALL legitimate deductions.
How to Plan Income -
Income generally comes in randomly if you have a small business, and you never know when you'll have income, and when you won't, so strategizing your income and taking advantage of the options you do have are important. An investment in your business is always beneficial tax wise, because you often don't need to take income out of your business, and can take it in deductible results.
How to Apply Deductions -
Items that can be purchased and depreciated for the business - purchase them, depreciate them, and after depreciation is out, sell those items for actual value or below. Once an item is no longer being used in your business, get rid of it.
How to Prevent Over-Payment -
Remember that every dime paid into the government in pre-tax payment is money you don't get to spend yourself, and cannot draw interest on. Keep your money in your pocket as long as possible, and don't pay in until you must. For those who pay in quarterly, be sure you're not over-estimating y our taxable income?
How to Invest in Your Business -
Depending on how your business is owned, corporation, partnership, or proprietorship, you may prefer to purchase needed equipment for your business personally, and take depreciation options. The way you choose to invest in your business, and take income back, will determine much of how you are paid by your business, and the type of tax you will be paying on your personal income.
Income tax is not a personal requirement, and there are many ways to avoid having anything due at the end of the year, by strategically planning your investments, deductions, and income. The more money you make, the more important your strategy becomes.
The question then becomes, what taxes will you be paying through your business?
Larger, more profitable business owners often hire a tax consultant to determine their tax strategies, and help with financial planning to cut the wasted dollars often left over at the end of the year, and paid relentlessly into the tax program. IRS gains by your not having a tax strategy. You gain by having one.
For more information, contact our tax consultant at http://verhoeffconsulting.com

 

Is Article Marketing Worth Your Time?

Or…EzineArticles.com Review

Regular readers of my blogs know I’ve been testing article marketing using the article distribution and repository service from Ezine Articles. Ezine Articles allows writers to publish articles that include a special area at the end called a resource box. In the resource box the author leaves a link or two along with a couple of sentences. Other webmasters and publishers are allowed to reprint the article on their own websites, newsletters or blogs, as long as they keep the resource box intact.
You can see an example of one of my articles with the resource box here – http://ezinearticles.com – note the photo isn’t usually part of the resource box, you only see it when you view the article at Ezine Articles.
The idea from the writer’s point of view is that you can increase your exposure by having your content reproduced around the Internet. Your are rewarded with one-way incoming links from the resource box, you don’t have to reciprocate as you would with link exchanges, which in theory should reward you with better search engine rankings.
From a publisher’s point of view it’s free content. If you are struggling to keep a regular email newsletter going reprinting articles can be a fantastic way to reduce your workload. You can also use the content to populate a blog, website or any publication as long as you follow the reproduction rules.

My Article Marketing Test

I started article marketing by reprinting a small selection of the articles I published to Entrepreneur’s Journey from about July 2005 onwards. I didn’t put too much energy into it, spending a few minutes before I went to bed submitting an article every few weeks or so. I usually had to modify the articles slightly to make sure they follow the guidelines (for example you can’t include too many outgoing links) and it would take about 10-15 minutes to submit each article.
I devoted the majority of my energy to submitting at EzineArticles.com because it’s the market leader. Applying an 80/20 approach I figured if I was going to submit articles manually, as opposed to using automated software, then I should work with the service with the most traffic. I briefly tested with two other article directories, both of which had an inferior interface and less traffic than Ezine Articles. After receiving next to no results from the other sites I decided to stick to only Ezine Articles.
Last month I submitted my 20th article to Ezine Articles and feel that I am now in a good position to assess my results. By submitting more than ten articles to the site I was given “Platinum Status” which grants me unlimited article submissions, (before that you are limited to ten). While this sounds great it’s not really that big a deal, as long as you contribute reasonably coherent articles you will be promoted to platinum once you clear the threshold (it does make you feel cool though when it happens).
Incidentally the number of authors at Ezine Articles that have platinum status follows an 80/20 ratio as well. The greater majority of authors never make it beyond single figure article counts, with the prolific writers enjoying the most significant traffic rewards because they publish many articles, but only a handful of authors are like this. I am part of the minority in this case, having reached 20 article submissions, which I hear from “word on the street” is around the mark when you start to get good results (it’s not a “hard” rule).

Looking At The Numbers

To assess the success of my campaign I looked for two specific results –
  1. Incoming links from websites
  2. The number of times the article was reprinted in non-website publications.
The first was easier to track – incoming links from websites – because I could use services like technorati backlink lookups and my blog statistics so see whether any backlinks where coming from my republished articles. The other statistic was harder to track but thanks to a recently introduced feature at Ezine Articles you can get a fairly good idea how many people are republishing your articles in newsletters or other non-website sources.
On each article at Ezine Articles there is a quick publish button that spits out a html-formatted version of the article allowing publishers to copy and paste the content into a website or email. As an author I’m provided with statistics on how many times that button is clicked as well as how many times my article has been viewed, forwarded by email and a few other neat statistics.
Besides republication it’s important to note that Ezine Articles itself is becoming quite a good repository of knowledge. While not every article is written by an expert, and no doubt there are a good chunk of pretty “light” articles published, there is a broad range of quite useful articles on many topics. Because of this Ezine Articles gets a lot of traffic and your articles can be pulled up in internal search many times.
Total views (pageviews) is included in statistics and I can report at the time of writing this article my 20 submitted articles are about to reach 5000 views total. Top authors report figures in the hundreds of thousands, however they are publishing over 100 articles. You get back multiples of what you put in and depending on keywords, titles and subject matter you can expect varying results (more on this below).

Lessons Learnt

Testing Article Titles
Besides the direct traffic results there are some other important benefits from using article marketing. The one thing I’m really noticing is how important the article title is. Those of you who are copywriters or regular bloggers will be well aware that the title of your articles has the most impact on how often your article is read. The same of course applies in article marketing but it also impacts whether your article is republished. Given that most publishers first search article directories for content, your article title has to have the right keywords and has to be interesting enough to be clicked and finally, if you are lucky, republished. That’s a lot of steps to go through and a lot riding on how good your title is.
Thankfully you can go back and change the title of any article (in fact you can change any element of your articles at any time but it has to be re-approved each time), however you should aim to get it right straight out the door. This is because your article is featured in the Ezine Articles main highly-trafficked category page when it is first published and will very quickly drop off as newer articles are published by other authors. You don’t get this benefit when you go back and alter an existing article.
Short And Sweet
It’s well known in the article marketing industry that the short, 400-600 word articles, generally get the most traffic. People have short attention spans and they want quick, easily absorbed tidbits, not long in depth quality articles (like I write!). Yes okay, I had trouble adhering to this rule and I still have trouble getting a point across in so few words. The statistics don’t lie though and the short articles will get you more exposure and more traffic, so I spent some time cutting down some of my blog articles to give them a better chance of syndication.
The Vital Few
Every now and then one article will do much better than all the other articles. When you get the right combination of a solid title, a brief word count and a popular topic your article can go viral and be picked up many times. I can’t really say that any of my articles went viral but a few did standout while others really struggled.
Quantity Over Quality
Speaking from my experience, most of the backlinks I generated from article marketing where not from quality sites. I can think back to maybe one or two instances where I was pleased to see my article republished in what appeared to be a reputable website, with high PageRank and a real audience. Most of the time I spotted my article reproduced at splogs (spam blogs) – websites and blogs that republish content, slap a bunch of AdSense ads around it and hope to get into the search engines and make money from it. These still count as backlinks and help your traffic cause, but it’s really a case of quantity over quality, which is not sound strategy when it comes to search engine marketing.

What About The Duplicate Content Penalty?

The duplicate content penalty is a major concern when republishing content. Remember Google (and other search engines) may penalize websites that produce duplicate content by removing the page from it’s index or reducing it’s search ranking. Now my understanding is that the original source of the article, as in the first place that Google finds the content or the version it deems as the oldest, won’t be penalized. This is not a verified claim, I’ve heard counter arguments against it and in some circumstances if your source content is found after it’s republished somewhere else (which can often be the case if your site is not regularly indexed in search engines and the site that republishes your work is), then it’s your site that risks the penalty.
The answer of course it to modify your article before submitting it to Ezine Articles or similar directories so it’s not a direct reproduction of the article on your website. In my case I reduced the size of most of the articles I submitted so they were not exactly the same as the originals, although they certainly would have shared paragraphs so I probably didn’t do enough. I’ve yet to notice any penalization but there are a lot of forces in play here so if you are really worried, take the time to modify your articles or only submit original content.

Automated Article Distribution

Automating article submissions is a very efficient (80/20) thing to do and as such I don’t recommend manual submission unless you are a cheap-n-silly control freak like me. At the basic level you can employ a virtual secretary or administrative assistant to do article submissions for you. Depending on your results this can be a cost effective means to market your website, but do a cost/benefit analysis (time vs results) before hiring someone to do it for you.
There are article submission services that will submit your article to X number of article directories for $Y dollars, for example – ArticleMarketer.com. There are also professional software packages that will do the submission for you, so all you need to do is put your article into the software and sit back and let it role. Two examples of this software are ArticleSubmittPro and Jason Potash’s Article Announcer (which I believe takes the cake for longest sales letter ever!).

Article Announcer by Jason Potash

I’m really very keen to try this software because it comes from Jason Potash and he has a fantastic reputation (along with all the other marketing gurus in his inner circle like John Reese, Armand Morin and Jeff Walker – a big shout out to Mike Long as well!). At the moment the sales copy on Article Announcer didn’t convince me to spend the nearly $400 to buy the full package although I may yet give it a go. Apparently the software is really only half of the value and the education provided from the articles and audio are equally important.
I did email Jason (or his support staff anyway) to ask for a review copy for this blog but unfortunately I was turned down. All I have got to go on is what I have read in forums and reviews of Article Announcer. The software, while being certainly more efficient than manual submission, isn’t completely automated and you apparently still need to do some grunt work to submit your articles to all the different directories. Anyway, until I get a copy of Article Announcer all I can do is speculate.

Is Article Marketing Worth The Time?

Yes and no. I don’t feel at this point with only 20 articles published, my on-again, off-again efforts and no testing of an automated system that I can make a conclusive judgement. I like the concept, I think it’s better than link exchanges in some ways because you get one-way links but bad in others because many of the links come from poor quality websites. The potential for a viral explosion makes it very tempting and certainly if you work in mainstream niche industries (is that an oxymoron?) then your results may be fabulous (I’d love to hear about it if you have stories to tell – leave a comment please!).
Something else worth noting is the benefit of appearing as an “expert author” at EzineArticles.com. This is a powerful credibility tool and handy search engine optimization trick. Thanks to Ezine Article’s significant presence in search engines (high PageRank and lots of backlinks) web searches for your name will often pull up your author homepage. If your name is reasonably common and faces a lot of competition in the search engines, your Ezine Articles expert author page may have enough of an edge to make certain that any searches for your name result in you as the first result. Your author homepage includes details that you can change anytime and you may include web links back to your own website or blog.
For an example of an author homepage at Ezine Article you can see mine here – Yaro Starak – EzineArticles.com Expert Author.
The other thing I like about Article Marketing, which is one of the main reasons I like blogging as well, is that it contributes to your overall exposure one little bit at a time. Personal branding is about lots of little things adding up to a tipping point where amazing things can happen (think mainstream media coverage and even penetration into the public consciousness).
Your traffic keeps coming because you have lots of little streams pouring in from many different sources. Article marketing is another stream. Unless you do some major publicity work, pull off a media stunt, or are already famous, using many techniques over time is one of the best marketing methodologies available to you. You may not reach that tipping point quickly, but it will happen, and your traffic foundations will be like a diversified investment portfolio – solid.

Factors To Consider When Choosing A CFD Broker

If you are a CFD or FX trader you need the services of a good broker for you to have a great experience. This calls for you to be ultra careful of the broker that you hire. To help you out, here are the factors that you should consider when hiring a CFD broker:
The site
As a CFD trader, you will be using the broker's site to trade. To have an easy time you should ensure that the site is easy to use. If you are a beginner, the site should have detailed tutorials that guide you on how to execute the trades. In addition to this, the site should have up-to-date information that helps you make the right trading decisions.
When you are on the site, pay close attention to the type of platform that the broker uses. Different brokers use different trading platforms. Some use live sites while others will provide you with an app. If you don't like downloading applications on your computer go with a broker providing you with a desktop platform that is easy to use.
Regulations
To be certain that your money is secure and you are dealing with a broker that is reputable, ensure that the broker is MAS regulated. A MAS regulated broker is required to put capital in a trust handled by a third party bank. This gives you assurance as you know that you can always get your money even if the broken goes out of business.
The money issue
The reason that you are a trader is because you want to make money. You should be able to easily fund your account using different methods such as Paypal, Moneybookers, electronic money transfer and even credit cards. While you are at it also check the minimum amount of money that you need to deposit with the broker for you to start trading. To protect your money, go with a broker charging the least amount of money.
You should also check the charges imposed on you. Different brokers charge different amounts of money. You should do your research and settle on a reputable company with the least charges. There is no point of putting in a lot of sweat and all the money goes to the broker.
The beauty of trading is the profit that comes from it. After you have made some money you should be able to easily withdraw it into your account. Different brokers have different regulations. Some will allow you to make the withdrawals the same day and the balance gets into your account that very day while others will have a waiting period. You should settle on a broker offering the best terms.
Conclusion
These are the factors that you should consider when hiring a CFD broker. As the rule of thumb, only work with the most reputable broker.
We have plenty of CFD tips and tricks that will help you not only choose the best broker but also become a great trader. You will also find a detailed Plus500 review Australia on everything that you need to know about the broker.

 

Advantages and Disadvantages of Bitcoin

It is a form of digital currency. No one has any control over it. Being a digital currency, it is not printed like rupees, euros or dollars. Yet, they are produced and created by people for various transactions. Increasingly, more and more businesses are beginning to use it for various types of activities. This form of currency is mostly made by software that can solve complex mathematical problems. After having said something about this digital currency, it is time to talk about its pros and cons so that people can decide whether they should go for it. In this article, we would be just listing them for the benefit of our readers.
Advantages
1. It is possible to send and get money at any given time. The time and distance factors will not restrict the user when he uses this currency.
2. He will be in control of the money while using this currency. He is not hampered by the holidays and other obstacles while doing transaction with it.
3. Merchants become incapable of charging extra fees on anything stealthily. Hence, they are forced to talk to the customers before levying any charges on the transactions.
4. All the transactions using this digital would be safe in the Internet network as the users can encrypt it.
5. The users can complete the transactions without revealing any personal information.
6. Since the transactions using Bitcoin happen online, all of them are well documented. So, anybody can see the block of transactions. However, the personal information would still be unavailable to others. Hence, it would be a transparent transaction
7. The Bitcoin-based transactions are either not chargeable or attract very low fees. Even if charged, that transaction gets priority in the network and gets executed very fast.
8. Since there is no tying up of personal information with transactions, merchants get protection from potential losses even if a fraud occurs.
Disadvantages
1. This currency network is not known to people. Hence, they need to know about this digital currency.
2. To spread the word Bitcoin, the networking is necessary. At present, only few businesses can use this digital currency.
3. Currently, the transactions based on this currency are highly volatile as only limited number of coins is available.
4. Due to the huge demand for this digital currency, its value keeps on changing daily. It would settle only when the demand stabilizes in the market.
5. Since this digital currency system is in infancy state, not many software are available in the market to make it a secure transaction.
This article talks about the Bitcoins that are sweeping the digital space and internet. Before plunging into it, we need to know about the pros and cons of this digital currency. You can then make informed decision about it. For more such information, you can visit the link http://tvmbala.blogspot.com.

Powered By Blogger