What Moves the Currency Market?

The Forex Market trades $3.2 trillion dollars in volume each day. This fact alone shows the liquidity in this market and there are always buyers and sellers in the market 24 hours a day, 6 days a week. There are four major sessions in the U.S., Asian, European and London markets.

Who are the participants? Central Banks i.e. Fed’s, BOJ, ECB, BOE, and other countries; Large Institutions/Corporations, Bond Market (treasuries), Private Equity, Hedge Funds, Large Sovereign Buyers, Banks/Remittance, Clearing Houses, and Retailers.

In the U.S., the economic indicators are signals for the health of the economy. They show the signs of inflationary or deflationary market sentiment. Inflation is good for the economy and show signs of a stronger dollar. Deflation is a negative sentiment for the economy and show signs of a weaker dollar. These are the basic fundamentals for a strong or weak dollar in the U.S. compared to other countries and their fundamental analysis.

The market sentiment is the fundamental analysis i.e. economic indicators being released during each sessions and then being measured by the weakness or the strength of the actual number forecasted by the previous number. The market conditions are the volume pressures of buyers/sellers moving the trend in one market direction.

Majority of the currencies are against the U.S. dollar either indirect or direct with the dollar. So in conclusion what moves the currency market is the relative strength or weakness on the fundamental news. This will move the currency market and the volume pressures of buyers/sellers will move the currency market also.

The Horror Of My Network Marketing Experience

I want to share with you, my opinion about network marketing, aka direct marketing, or mlm (multi-level marketing). I’m currently involved in a direct marketing company and have been for 4 months. I love the product and the company, I’m making money, and overall, my experience as a network marketing newbie has been very positive. In short, there is no “horror story”. But I’ve learned a few things during the last 4 months that I want to share with those of you who are considering network marketing, or mlm, as your chosen home based business opportunity.

There are 4 things I’ve found to be extremely important to success in this industry:

o First – do not enter into a network marketing business hoping that you are going to make money. What I mean is, like having a j-o-b, it’s hard work, not a free ride. Once you join your chosen company, the money doesn’t come pouring in while you lounge around poolside eating bon-bons. You need to learn your product(s). You need to learn how to market your mlm business. You need to learn or perfect your presentation skills, whether using the phone or in person. And, in today’s world, you need to learn how to market your networking business by taking advantage of the internet. And, believe me, if you’re not a wiz on the computer, this can be very frustrating. The point is……you need to work. It’s a business, and, like any other business, it will fail if you are not working at it.

o Second – pay attention to the company leaders, not just the product(s). Who are they? What are their backgrounds? How much experience do they have in the industry? Just like with your business, the company must have a strong, driven management team in order to succeed. Wouldn’t it be sad if you’ve done everything right……marketed your business, grew your downline, trained your partners, and started making big money…….only to have the company go out of business? Believe me, it’s happened. Check out your company’s management team!

o Third – does the network marketing opportunity you are considering have a relevant product line? Your product needs to be unique in some way, and beneficial to the consumer. Generally speaking, direct marketing products are on the high end of the price range for any product category. So your product needs to offer something to the customer that they can’t get in other off-the-shelf products. If it’s new, or cutting edge, even better. As an example, there are a lot of nutritional juice beverages out there being marketed through network marketing. Even so, a company entered that marketplace a few years ago and took the industry by storm. Why? They had a unique ingredient that had a marketable story behind it. Boom! The company experienced unprecedented growth. Of course, they had all the other important components – solid management, great compensation plan, training tools, etc., but the product was unique and perceived as beneficial to consumers.

o Fourth – what position will you hold? How many distributors/affiliates are in the organization? I can’t tell you how many times in my limited career I’ve heard comments like “there’s enough (prospects) for everyone”, or “the company’s only 3 years old”. Most of the time, I hear that from upline distributors who got in on the ground level. Can you make money with the right company if you’re the 500,000th distributor? Yes, you can (see first point). Would success come much faster if you were one of the founding distributors of your network marketing opportunity? Absolutely!

Why am I telling you all of this? Because times are tough. Just getting to work costs, what, 3 times more than it did this time last year? Jobs are being cut in favor of less expensive, off shore or automated solutions. Benefits are being cut. Child care costs are high. Employees are expected to use technology (cell phones/computers) without reimbursement from the company, and the additional hours those technologies add to the workday are draining.

My message is simply this: don’t dismiss a network marketing opportunity as a source of secondary income. It can help alleviate the “pain at the pump”, pay for family vacations, or add to your savings account. With hard work, it can also be a path toward self employment and financial freedom. A network marketing home based business can be a rewarding and financially beneficial experience when you do your homework and choose wisely.

Best of luck,

Debbie Corr

Is a Turnkey Internet Marketing Solution Right For You?

If you are into internet marketing you have definitely seen a lot of turnkey solutions to making money online. Is there any value in these? I think there CAN be, but it is never a foregone conclusion.

You need to choose the system wisely, and then you have to put in work. Give it a fair shot by investing some real time into any system you buy. No matter what turnkey solution you purchase for making money online, they all need to be followed step by step. That means you need to actually spend some time on them, no one can guarantee you overnight riches with no effort (but they will try!).

There are 3 main benefits for turnkey solutions in my opinion:

1. Theoretically a turnkey internet marketing solution will be tested and proven to be effective. Instead of investing time into promotion and coming up empty, a good turnkey solution will be known to convert well. This will help you avoid any misfires when you start.

2. It saves time. A good turnkey solution will come with everything you need to get up and running right away. That can include website templates, graphics, photos and links to any sites you are required to join. It will also come with an easy to understand set of instructions that will help you avoid any time leeching mistakes.

3. It will allow you to create multiple streams of income. This is huge. The good internet marketers out there know that M.S.I’s are the key to success. You don’t want all of your eggs in one basket. With turnkey systems like this you can quickly set up a stream of income. The time you save, will allow you to get many more streams running.

I think that these 3 benefits make a turnkey system a great choice – especially for people who are new to Internet Marketing. The knowledge gleaned from a turnkey system will help you learn how to create your own revenue streams in the future.

Like anything out there though, there is definitely a wide variety of quality when it comes to different systems. If you aren’t careful you can end up wasting your money. When you look for a system – make sure it includes:

1. Testimonials! Anyone can make up testimonials, so it is hard to judge. I think that if you have been around long enough though you can do a decent job at picking out the fakes. Look for pictures of the people giving testimonials, or testimonials from well regarded websites/internet forums. Maybe the best testimonial is a picture of sales figures. Check the site of the product you are looking into and look for pictures of sales figures, or other guarantees of past success.

2. Everything You Need. Make sure whatever system you are purchasing includes everything you need. If you need stock photos, and they aren’t included – that will mean an increase in your cost, and time. If you can’t make your own websites, you are going to want some website templates included as well. That will save you the cost of outsourcing or the time it would take to create.

3. Accessibility. This includes support and just general accessibility to the creator of the product. If you get live support, and/or email support directly with the creator of the product – then that is perfect. The fact is, these people are usually very busy so that might not be possible. In this case, accessibility is less about direct communication and more about how transparent the creator is. Do they back up the product with their name? Do they have a reputable company? An office? Contact Info? Documented past successes? Are these people living the lifestyle that you want to live? If you answer no to any of those questions, maybe you should seek out a different product.

The world of turnkey internet marketing solutions can be a bit murky and you do have to be careful. If you take the time to do your homework though, there is money to be made out there and all it takes is a bit of your time.

That is the key – time. These systems will save you a lot of it, but they also demand some time invested. You can not just buy the system and let it rot on your desktop, you must invest the time you need to make money. The great thing about a good system is that your time invested will translate directly into dollars. The more time you put in, the more money you take out.

To all of those starting out with a good system, you are off on the right foot!