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Online Forex Trading

Until recently, the Forex market was a closed market and trading activities were confined to the “big boys” like the banking sector, the multinationals and the hedge funds. However, with new technological advancement, small retail investors now have the opportunity to participate in this lucrative market as well with online Forex trading. So what is online Forex trading? Essentially online Forex trading is the trading of one currency for another through the use of the internet. The Forex market is actually the largest financial market in the world and it is an over the counter (OTC) market.

This means that there is no centralized location like the New York Stock Exchange from which trading activities must take place. Because of this unique aspect of the Forex market, with online Forex trading, one can deal in Forex from any place in the world. In addition, with online Forex trading, it is possible to trade in Forex around the clock five days in a week without having to leave the house. Read More: How to Become a Freelancer? Online Forex trading differs very much from the traditional method of transacting financial instruments in the sense that most trading activities are more or less self-service. With a properly equipped computer and internet access, a trader will be able to basically determine what to buy, when to buy and how much to buy with just a click of the mouse. In addition, the speed with which your orders are executed is almost instantaneous as you will be using a trading platform that is provided by the Forex brokerage firm. Apart from the above mentioned, there are also several other advantages with online Forex trading as compared to the traditional brick and mortar way of trading Forex. One of these other advantages is the lower transaction cost that you will incur with your online Forex trading. As online Forex trading is self-determined by the trader himself, the brokerage firm will be able do away with other higher cost services and just concentrate on “volume-based” business strategy by lowering their cost to attract more business.

Read More: Digital Marketing And to help their clients determine what a good buy is charting tools are usually provided on the online trading platform for those who engage in online Forex trading. Once analysis of the Forex market is completed with the charting tools, an online Forex trader will also be able to program his market analysis into the trading platform and automate his transaction activities. It is for these few reasons that online Forex trading is now gaining popularity over the rest of financial activities that retail traders previously usually went for. Online Forex Trading Systems The most important part of a trading system is the stick to the rules and criteria that you put in place. There is no point in spending time and effort creating your system, to then be caught up in the moment and forget everything that you have planned. Forex Trading Signals

Forex trading signals is defined as analysis or hypothesis that a trader uses to determine whether he should buy or sell a particular currency pair at any given time. These Forex trading signals can either be derived from studying technical analysis or fundamental analysis or conclusions drawn after studying the currency pair based on both methods of analysis. As such, Forex trading signals comprises of a bunch of signals that work in synchronization with each other to produce the actual buy or sell signal. The actual process of determining these Forex trading signals can be developed by the traders themselves or provided for free by their brokerage firms or a paid professional service which the traders subscribe to for the Forex trading signals. Read More: Forex Trading Signals Read the full article

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Actionable 3 SEO Tips

Looking for a collection of no-nonsense SEO tips that you can easily implement to boost your site’s search engine rankings? Then look no further. We’ve put together a list of 3 SEO tips and best practices. They’re split into logical sections to cover various aspects of search engine optimization—from on-page factors to keyword research, link building and more. For most tips, you will also find a link to further reading, including official Google guidelines (where relevant). We’ve also handpicked some of the best SEO guides on the web. To jump to a specific section, use the quick links on the left. Strapped for time? Start with these 3 SEO tips.

1. Keyword Research

Keyword research should be the starting point for any SEO campaign. Why? Because if you don’t know what people are actually searching for in your niche, you’ll be relying on luck—rather than data—to guide your decisions. That’s no way to run your business. Follow the solid keyword research tips below to get started 🙂 1. Make Sure You’re Targeting (and Optimizing for) the RIGHT Keyword Most people make one of three mistakes when it comes to keyword targeting: They fail to optimize for any keyword(s) at all;They attempt to optimize for too many keywords;They optimize for irrelevant keywords. You can solve those first two mistakes by remembering this: each page/post on your website should target one “main” keyword or topic.SIDENOTE.It’s also important to try to avoid targeting the same keyword on multiple pages. This is because Google will usually only choose to rank one of these pages, and it may not be the one you want them to rank! A good exercise for choosing the right keyword is simply to send your page to a friend and ask “what is this page all about?” Their answer will usually give you the best keyword/topic ideas. However, you should still always Google keywords before committing to them. Why? Because it’ll help you to understand what—in Google’s eyes—is the best result for that particular keyword. If most of the results are vastly different to the content you’re trying to rank, it probably isn’t a great keyword to target.

Screenshot showing the top 3 ranking pages in Google for the keyword “outreach”. These results are vastly different to our content, meaning this isn’t the best keyword to target. Same goes for keywords with a lot of SERP features (e.g. featured snippets, Adwords ads, shopping results, etc). These push the “10 blue links” (i.e. organic results) way down, which results in a lower CTR and less traffic. 2. New Website or Low Authority? Find Low Competition Keywords for the Best Shot at Ranking Quickly Running a new website with low authority? If so, you’ll find it harder to rank for competitive keywords. Sure, it can be done, but it won’t be easy. You’ll need to go the extra mile and create something super awesome. Then promote it like crazy. It, therefore, makes sense to first target less competitive keywords. This is the quickest way grow your search traffic. Fortunately, it’s easy to figure out how difficult a keyword is to rank for using our “keyword difficulty” (KD) score within Ahrefs Keywords Explorer. Example: Most keywords related to “search engine optimization” have very high difficulty scores.

But there’s one that has a low difficulty score and should be easier to rank for… “What does SEO stand for”

You can find out how we calculate the difficulty score for a keyword here. 3. Set Up Alerts to Spy on Your Competitor’s New Keywords in Real-Time Keep tabs on your competitor’s content strategy by monitoring their new keywords. Why? Because if your competitor targets a new keyword, you may also want to target it. You can set up an alert in Ahrefs, which will send you an email summary of all new keywords we have discovered your competitor ranking for. Alerts > New keywords > Add alert > enter competitor’s domain > set report frequency > Add

Simple, but effective! Read the full article

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Learn Forex Trading

Forex Trading Tips Forex trading is a tricky thing. This is why we want to give you some Forex trading tips to avoid losses and maximize your profit. Knowing your current state as a trader is important. Analyze your needs. You must first know and recognize yourself before trading. It means that you should know how much risk you can afford and also how much you can invest. Your risk tolerance and capital allocation to Forex trading should not be too high or too low. Read More: Online Forex Trading Signals Planning your goals is of paramount importance, never deviate from your plan. Planning is the most fundamental thing towards achieving success in any field. Define what you consider will be success and what will constitute as failure. Also know how much time and effort you can devote and whether you aim towards financial independence or simply towards generating extra income. Most people miss out on choosing the right broker and end up losing money. An unreliable broker invalidates all the gains acquired through hard work, so choose judiciously. Account type and leverage ratio should be in accordance with your needs and expectations. For a complete beginner, it is necessary to undergo a period of study and practice through the use of a demo account. Make your choices in the most conservative way possible.

Begin with small deposits and gradually increase the size of your account primarily through gains. Focus on a single currency pair initially. A good idea is to restrict trading activity to a currency pair which you understand and sticking to the most liquid and widely traded pairs is a good practice. Do what you understand best and do not trade on the basis of rumors. It is best to work only in the field you are confident about and don't contribute to a losing state. Read More: Online Forex Trading Control your emotions because self-control plays an important role in trading as well as analyzing your success and failure regularly. Trading should be automated as much as possible, do not follow anything blindly. Simplicity is a very effective tool as simpler strategies yield better results. Going against the markets is not advisable, unless you have enough patience and financial resilience to stick to a long term plan. Forex is all about risk analysis and probability and no single method can generate profits all the time. At the end of the day, patience is the key to success, so always stick to your plan. Being patient is important but being inactive will lead to failures, don’t give up because failures can occur in every field. Follow Forex trading tips and success will surely be yours. Another important aspect to consider is that the Forex Buy and Sell rates are influenced by a variety of different factors. These may include currency rate differentials, global economic trends, political events, weather and even extreme situations such as war or terrorism. These are often referred to as fundamentals. Forex Trading Margins The margin is the amount of collateral required by Forex traders to maintain their open positions on the Forex market. Unlike stocks and commodities, there are no margin calls in Forex. If an account falls below the required margin requirements, then all open positions are automatically closed. For example, if an fx trader buys one mini lot of the EUR/USD pair for 1.50 at 1:100 leverage, then they will need $150 of their account in margin to maintain that open position. Forex Currencies Quotation System In the Forex market, currencies are quoted in pairs, for example, the GBP/USD or USD/JPY. The first currency in the pair is called the “base currency” and the second is called the “counter currency”. The basis for buying and selling is the “base currency”. For example, if a trader wants to buy EUR/USD, then he will buy Euros and sell Dollars. This means that he expects the Euro to gain against the Dollar. Every transaction on the fx market is double-sided, and performed with a buy/sell order. FX Rollover

If a trader holds an fx trade in the spot Forex market overnight, this position is rolled over. In most cases, you are likely to either pay or receive a rollover fee. The rollover fee is determined by the differentiation between the interest rates which are priced into the 2 currencies that are being traded in the currency pair. The trade transaction is settled after 2 days. If positions are held overnight, then the Forex broker closes Forex trades at the conclusion of the trading day, (5 PM EST) and new trades are simultaneously opened. For example, the USD/JPY pair is traded at 1.40, the JPY interest rate is 3.5% and the USD interest rate is 1.5%. The pip differentiation is 0.60 pips. As a result, if you were to be long on JPY and short on USD, your trade would be found at 0.60 pips higher than previously. The example was calculated out by completing the following calculation: (base currency interest ÷ counter currency interest) × (day/days) × (traded rate). Leverage on the Forex Market Leverage allows Forex traders to control more currency in a trade than they have deposited in their trading account. This is where the real power of Forex trading lies. Therefore, trading with the leverage system wisely can work in your favor, and bring you big profits. With 1:100 leverage, the trader needs 1 unit of currency to control 100 units in the Forex market. Thus, it would only take 100 units to control 1 mini lot (10K) in the fx market or 1000 units to control 1 standard lot (100K). Forex Trading Hours The fx market is based on "spot transactions". The reason for this is that trading takes place 24 hours a day, 5 days a week. Trading never ceases in the Forex market, apart for weekends and holidays. This includes Christmas and New Year’s Eve, when the Forex market closes early. Read the full article