In conclusion to the first chapter of this post, I’ll be listing out the other ways you can make money on the internet. I stopped at referrals and online marketing. These are some others
4. Forex Trading
Forex trading provides you another opportunity to make money online. Forex trading involves the trading of several currency pairs. Each currency pair involves two currencies of two different countries. The most common pairs are the EUR/USD, GBP/USD and a host of others. Forex has a lot of profit potential as well as a lot of risk attached to it. Because the Forex market is the largest financial market in the world, you have the opportunity of making huge profits especially with the availability of large leverage options. Forex is the only market in the world that gives you leverage of as high as 1:400. This means you can make a trade of 400 times the balance you have in your account. But this also has the risk of huge losses because if the market moves against your trade, your entire investment could be wiped out. Usually, you can start trading forex with as little as $200 or $100, but some brokers offer micro accounts on which you can start to trade with as low as $50 For more details on forex trading, you can follow my post series Forex trading tips on this blog, or contact me on my email address written on the top of this page.
5. Online Stock Trading
The advent of the internet definitely has had a huge impact on the way we do a lot of things. You can conveniently trade stocks and equity on NASDAQ and NYSE from the convenience of your house without having to run back and forth to your stock broker. The only drawback to online stock exchange is that most brokers would not take anything less than $500 to open an account. But as with every reasonable business oriented individual, i see no reason why you cant make $500 from all other listed methods above and use it for your startup capital for the online stock trading. If you have any questions, suggestions or require assistance, my email hasn't changed.
6. Email Marketing
Now, this is a very delicate subject and I’ll advice that you be very careful as to what you'll define email marketing as. Some people have found a way of mixing email marketing with spamming. Email marketing is entirely different from spaming but your approach may get your technique under the keyword spam. Email marketing simply involves you having an indigenous product to sell, legally building a potential customer email database and letting them know about your products and when new products are available. First step is to have a portfolio of products and/or services that you want to sell. This may include e-books that have reseller rights, software, books you wrote yourself and a host of other things. The second step is to have a potential customer base that may or may not buy your products, but will give you attention and probably consider buying some other time. I noted above that you build your email list legally. Truth is nobody likes unsolicited emails in their mailbox. So if you go ahead to buy 10,000 emails for $25 from some email marketing company, you may have all your emails ending up in spam boxes. One of the best ways to build an email list is to have an adequately optimized website that is sure to generate traffic (for more information on how to generate traffic for your website, visit http://infotecharena.blogspot.com ) and has attractive content. Here people can subscribe with their emails for a good newsletter from you. This way, you know that your email database is being built legally. Next step is to start informing people about your products. Also you need to have a good payment system. You can probably open a paypal account. For more info, contact me on the email address above.
Currently, i've almost exhausted by database on online making opportunities but i promise to let you know as soon as i have anything new. Till whenever, make the best use of whatever you can lay your hands on.
Sunday, November 15, 2009
Friday, November 6, 2009
Link on Generating Traffic for your WEbsite
i am currently posting a post on this blog : http://infotecharena.blogspot.com/ and it will help you generate traffic for your new websites
Thursday, October 29, 2009
Forex Trading, Success Tips and Vital info
As i promised in the initial posts and my welcome message, i said i will be posting tips that will help you achieve financial freedom and extra income. Definitely, one of the best ways to make money on the internet is through online forex trading. By now, i know everybody knows what forex trading is (the currency market where a major eight currency pairs are being traded and some other minor currency pairs exist).
As i said earlier, forex trading is one of the best ways to make money on the internet, but there are a lot of factors to consider before investing your hard earned money into forex. A lot of people have had their entire investments wiped out overnight as a result of inappropriate trading strategies and some as a result of abject ignorance. As with every business, it is good and very important to know the intricacies and even the tiniest details of your intended business venture so that you can make the best out of it.
In this blog series, i will, as much as possible try to give out a few tips, advice and materials that would help you succeed if you are interested in trading Forex. Earlier in My welcome post, i made it publicly clear that i am no staunch financial services expert (I mean, i graduated with a B.Sc in Microbiology and we didn't take any classes in business or finance) BUT i managed to turn my $100 forex account to $4,987.50 within a space of 1 year. I didn't a Masters degree in forex trading to achieve that feat. Basically what you need is a decisive mindset, a desire and urge to succeed and latest, uptodate information on whatever business you are involved in.
To the main issue in this series, there are a lot of things you need to know about forex and although i cannot tell you everything in one post and i definitely dont have all the information up here in my head, i will tell you the ones i can and you'll have to get the rest from a list of materials i'll list out here. So Basically follow the few steps below and let's see
1. What is your financial background
Although your financial background is not a serious basis for trading forex, a few things should be considered. If you are retired (better still, just retired) and your retirement fund is still fresh in your pockets, you are very good to go. Also, if you have a lot of cash that wont really bother you if you loose it, you have no problem. Although, if you fall into the first category, you have to be very careful, because with old age comes increased risk of hypertension and cardiac diseases. But if you are managing the little you have and you probably dont have more than a few hundred dollars left from your salary after paying your bills, you have to be very careful. NOW, DONT GET ME WRONG. I dont mean the first set of people shouldnt be careful at all and i dont mean that the second set of people shouldn't trade forex at all, but whatever category you fall in, you have to know how and when to play the right card. Precisely, caution and discipline are two attributes that must not be lacking in any potential forex trader. Because of the risks associated with forex some brokers will advice you not to trade forex if you are a retiree or if you dont have a relatively good annual income. I have a friend who was told by his broker that he didn't fall in the right category to trad forex when he started, but today, he has quit his paid job to face forex trading squarely. So, your financial background is not an impediment to trading but a reason for you to be careful.
2. Understand Forex and All its Intricacies
Usually most people tell you only the juicy aspects of forex, but dont tell you the other careful details you need to watch out for. It's true that the forex market is the largest financial market in the world with a market value of over 2 trillion dollars, it is traded 24 hours a day throughout the five working days of the week, and it offers huge potential for raking in huge profits. But it is true that forex is a zero sum game and whatever is gained by one trader is lost by another trader. It is also true that leverage can make or mar your entire investment. And it is also true that Forex carries a lot of risk. You have to understand all the terminologies and ensure that you have a fundamental knowledge of the most profitable currency pairs and when what trades best.
am sorry i'm running out of time, but just keep your fingers crossed, i'll be back with the rest soon
As i said earlier, forex trading is one of the best ways to make money on the internet, but there are a lot of factors to consider before investing your hard earned money into forex. A lot of people have had their entire investments wiped out overnight as a result of inappropriate trading strategies and some as a result of abject ignorance. As with every business, it is good and very important to know the intricacies and even the tiniest details of your intended business venture so that you can make the best out of it.
In this blog series, i will, as much as possible try to give out a few tips, advice and materials that would help you succeed if you are interested in trading Forex. Earlier in My welcome post, i made it publicly clear that i am no staunch financial services expert (I mean, i graduated with a B.Sc in Microbiology and we didn't take any classes in business or finance) BUT i managed to turn my $100 forex account to $4,987.50 within a space of 1 year. I didn't a Masters degree in forex trading to achieve that feat. Basically what you need is a decisive mindset, a desire and urge to succeed and latest, uptodate information on whatever business you are involved in.
To the main issue in this series, there are a lot of things you need to know about forex and although i cannot tell you everything in one post and i definitely dont have all the information up here in my head, i will tell you the ones i can and you'll have to get the rest from a list of materials i'll list out here. So Basically follow the few steps below and let's see
1. What is your financial background
Although your financial background is not a serious basis for trading forex, a few things should be considered. If you are retired (better still, just retired) and your retirement fund is still fresh in your pockets, you are very good to go. Also, if you have a lot of cash that wont really bother you if you loose it, you have no problem. Although, if you fall into the first category, you have to be very careful, because with old age comes increased risk of hypertension and cardiac diseases. But if you are managing the little you have and you probably dont have more than a few hundred dollars left from your salary after paying your bills, you have to be very careful. NOW, DONT GET ME WRONG. I dont mean the first set of people shouldnt be careful at all and i dont mean that the second set of people shouldn't trade forex at all, but whatever category you fall in, you have to know how and when to play the right card. Precisely, caution and discipline are two attributes that must not be lacking in any potential forex trader. Because of the risks associated with forex some brokers will advice you not to trade forex if you are a retiree or if you dont have a relatively good annual income. I have a friend who was told by his broker that he didn't fall in the right category to trad forex when he started, but today, he has quit his paid job to face forex trading squarely. So, your financial background is not an impediment to trading but a reason for you to be careful.
2. Understand Forex and All its Intricacies
Usually most people tell you only the juicy aspects of forex, but dont tell you the other careful details you need to watch out for. It's true that the forex market is the largest financial market in the world with a market value of over 2 trillion dollars, it is traded 24 hours a day throughout the five working days of the week, and it offers huge potential for raking in huge profits. But it is true that forex is a zero sum game and whatever is gained by one trader is lost by another trader. It is also true that leverage can make or mar your entire investment. And it is also true that Forex carries a lot of risk. You have to understand all the terminologies and ensure that you have a fundamental knowledge of the most profitable currency pairs and when what trades best.
am sorry i'm running out of time, but just keep your fingers crossed, i'll be back with the rest soon
Online Money Making Opportunities (1)
As I said in my welcome messages on this blog, i said i was going to be posting income generation tips and methods of boosting your revenue. Well, i came up with a compilation of a few online income generation opportunities, and they are listed below
There are a host of opportunities available on the internet for you to boost your income streams. The internet has made it easy to conduct business these days and you can as well enjoy the benefit of makjing extra income streams from the comfort of your oggice or from the comfort of your home if you dont currently have a paid job. As i said earlier, there are a lot of opportunities to make money online but a lot of people dont bother to know about them.
1. Google AdSense
Google Adsense is an advertising service from google that allows you to make income from advertising products and services. The Adsense program enables you to generate income by placing adverts on your website and getting paid for the amount of traffic you can generate to your site that have access to these adverts. But first there are two important factors. You need to have a website where you can place adverts, and you need to have a Gmail account
The steps to follow are quite simple. First, get a gmail account and register for the AdSense program. Both are free to register. Then setup your AdSense account to get the codes for advert generation. The code given to you is a Javascript code which you need to incorporate into your website's HTML code.
For questions or help on incorporating the code, email: adedapo.kolade@gmail.com or call +2347027331171
2. Online Surveys
Another way to generate income online is by filling paid surveys. Surveys are the most efficient way for companies to get feedback from consumers and also for them to know what consumers expect from them. Some surveys are just on general information. You can make some income by spending between 2-45 minutes filling paid surveys. Just register with any paid survey site and they will send notifications into your e-mail box to notify you whenever a new survey is available. Payouts vary from as low as $2 per survey to as high as $200. For a comprehensive list of paid survey sites you can contact me on the details above
3. Referals and Online Marketing
You can make money also by marketing goods products and services online. Join referal programs that pay you for refering customers to their sites and also market products through either pay per click, referals etc. There are quite a number of paid marketing programs such as MartketHealth and the Canadian
health council, Amazon etc.
I'll continue this post again very soon. Till then keep your fingers crossed and explore the ones i've outlined up there.
Never stop making money
There are a host of opportunities available on the internet for you to boost your income streams. The internet has made it easy to conduct business these days and you can as well enjoy the benefit of makjing extra income streams from the comfort of your oggice or from the comfort of your home if you dont currently have a paid job. As i said earlier, there are a lot of opportunities to make money online but a lot of people dont bother to know about them.
1. Google AdSense
Google Adsense is an advertising service from google that allows you to make income from advertising products and services. The Adsense program enables you to generate income by placing adverts on your website and getting paid for the amount of traffic you can generate to your site that have access to these adverts. But first there are two important factors. You need to have a website where you can place adverts, and you need to have a Gmail account
The steps to follow are quite simple. First, get a gmail account and register for the AdSense program. Both are free to register. Then setup your AdSense account to get the codes for advert generation. The code given to you is a Javascript code which you need to incorporate into your website's HTML code.
For questions or help on incorporating the code, email: adedapo.kolade@gmail.com or call +2347027331171
2. Online Surveys
Another way to generate income online is by filling paid surveys. Surveys are the most efficient way for companies to get feedback from consumers and also for them to know what consumers expect from them. Some surveys are just on general information. You can make some income by spending between 2-45 minutes filling paid surveys. Just register with any paid survey site and they will send notifications into your e-mail box to notify you whenever a new survey is available. Payouts vary from as low as $2 per survey to as high as $200. For a comprehensive list of paid survey sites you can contact me on the details above
3. Referals and Online Marketing
You can make money also by marketing goods products and services online. Join referal programs that pay you for refering customers to their sites and also market products through either pay per click, referals etc. There are quite a number of paid marketing programs such as MartketHealth and the Canadian
health council, Amazon etc.
I'll continue this post again very soon. Till then keep your fingers crossed and explore the ones i've outlined up there.
Never stop making money
Nigeria's Stock Market. Investor's Woes and possible Solutions (2)
Welcome to the next session of my previous post concerning the Nigerian Stock market and techniques on how you can reduce your losses, generate more income and improve your financial status, even as there are signs of recovery in the economy.
Although most of the case studies, examples and situations i have been using and would still use in this post stream are mostly Nigerian examples, they are techniques that are applicable in any market, in any country because they are basic and fundamental investment principles applicable over any investment platform.
Continuing from my last post, i remember i talked about another technique you can use to make profit swings in these periods which i termed Spot Trading (Speculative Trading). Speculative trading involves in literal terms "looking at a stock, buying it today and selling it tommorrow at a higher price.". Although it is that simple, there are a little more intricacies involved.
Speculative trading is a technique currenhtly in use by most hedge funds and investment managers. Although it is mostly used in foreign exchange markets (which i will talk about later) with great profits, it is a technique applied to equities also with good revenue opportunities. By studying a company's activities over the past two to three months, you can determine a relative price action. In fact, over this period, some stock prices have constantly flunctuated between a "HIGH" and a "low". The "HIGH" being the stock's highest price in the period under review, and the "low" being the stock's lowest price in the period under review. For those of us who have been studying stocks for a while now, because of the technicalities of PRICE ACTION, there is always a tendency for a stock price to eventually go back up to its former price whenever it falls to a paticular price. Usually, these drops and rises in prices are based on the volumes of the stock sold on the floor of the exchange. So when these prices drop, there is a huge tendency for them to rise back except the company is going through some financial difficulties and thus the chance for you to capitalise on these price swings to make extra profit.
For some more technically advanced traders, speculative trading could be based on implicit company data which can be used to assume what price action would be like on the following day of trade, for a non technical trader like you, trading with this method has to involve you determining the "HIGH" for that period, noticing how consistently that "HIGH" comes and goes and buying that stock when you have the lowest "low" again.
As against the former technique i discussed in my previous post which is a long-term investment strategy, this is a short term investment strategy and is actually a good method for those who like to be involved in the intricate calculations of their investments
The question now is to determine when price action is not as a result of ailing company finances and i will be discussing that in the next chapter of this post. Until then, never stop thinking of how to make the best out of your investments
Although most of the case studies, examples and situations i have been using and would still use in this post stream are mostly Nigerian examples, they are techniques that are applicable in any market, in any country because they are basic and fundamental investment principles applicable over any investment platform.
Continuing from my last post, i remember i talked about another technique you can use to make profit swings in these periods which i termed Spot Trading (Speculative Trading). Speculative trading involves in literal terms "looking at a stock, buying it today and selling it tommorrow at a higher price.". Although it is that simple, there are a little more intricacies involved.
Speculative trading is a technique currenhtly in use by most hedge funds and investment managers. Although it is mostly used in foreign exchange markets (which i will talk about later) with great profits, it is a technique applied to equities also with good revenue opportunities. By studying a company's activities over the past two to three months, you can determine a relative price action. In fact, over this period, some stock prices have constantly flunctuated between a "HIGH" and a "low". The "HIGH" being the stock's highest price in the period under review, and the "low" being the stock's lowest price in the period under review. For those of us who have been studying stocks for a while now, because of the technicalities of PRICE ACTION, there is always a tendency for a stock price to eventually go back up to its former price whenever it falls to a paticular price. Usually, these drops and rises in prices are based on the volumes of the stock sold on the floor of the exchange. So when these prices drop, there is a huge tendency for them to rise back except the company is going through some financial difficulties and thus the chance for you to capitalise on these price swings to make extra profit.
For some more technically advanced traders, speculative trading could be based on implicit company data which can be used to assume what price action would be like on the following day of trade, for a non technical trader like you, trading with this method has to involve you determining the "HIGH" for that period, noticing how consistently that "HIGH" comes and goes and buying that stock when you have the lowest "low" again.
As against the former technique i discussed in my previous post which is a long-term investment strategy, this is a short term investment strategy and is actually a good method for those who like to be involved in the intricate calculations of their investments
The question now is to determine when price action is not as a result of ailing company finances and i will be discussing that in the next chapter of this post. Until then, never stop thinking of how to make the best out of your investments
Friday, October 23, 2009
Amazon Shares Hit all-time High
Shares of Amazon, one of the biggest shopping sites in the United states hit an all time high of $115.84 as customers have started spending again against the backdrop of the recent economic crises. The rally came one day after Amazon reported a 69% surge in third-quarter profit, led by strong sales of the Kindle e-reader and other electronics and general merchandise. "[Amazon] held up better than overall e-commerce and retail during the downturn and it appears to be one of the first to be spring-boarding out of it," said Frederick Moran, an analyst who follows the company for The Benchmark Company.
So since this looks profitable frm the oytlook, it is a good opportunity to invest in Amazon as theya are likely ti have a strong foothold on e-commerce for some time to come
So since this looks profitable frm the oytlook, it is a good opportunity to invest in Amazon as theya are likely ti have a strong foothold on e-commerce for some time to come
Thursday, October 22, 2009
Nigeria's Stock Market. Investor's Woes and possible Solutions
The recent economic recession that sent shock waves all over the world as a result of the housing crises in the U.S definitely had its own impact on the Nigerian economy also no matter how little, or how much we want to claim that it "didn't really affect our economy". Stock prices went on crashing like a pack of dominoes and what do we have today; some stock prices that are as low as 15% of their pre-recession prices. Who is to blame for that, the Nigerian goverment, the Central Bank of Nigeria, the NSE, or the Securities Exchange Commission, the American sredit system, or even the Stock market players(Banks and Dealing houses who through loan irregularities did their own share). Well, we cant really put the blame on anybody.
But what is done is done, blame or no blame, prices have crashed and the only thing to be on our minds now should be how to recover from the entire troubles.
Most people have suffered imeasurable losses from the recent downturn. Market capitalization is at a meagre 3 trillion naira compared to above 20 trillion, pre-recession. Even I myself have lost a relative amount of money some stocks. But all in all, we are all looking for repairs. I was having a chat with a banker friend who gave a relatively bleak outlook on the situation considering the fact that the Nigerian economy is in a position where the bounce back is not really feasible too soon due to a few factors i will not mention yet in this post. But sincerely, i have a few tips on how to make recoveries from this loss
First, there are indications that the markets would bounce back in a few years time, but truth be told, even then, they might not be as high as what we had before the recession. So, one good idea is to buy the stocks at the current market price so as to leverage whatever price you bought it before the recsession (Although, this is a strategy that will work for people who can afford a lot of money into long term investments). for example, assuming you bought 1000 units of First Bank shares at NGN33 per unit, you can buy an estimated 3,000 units at the current market price of NGN15. This effectively gives you ownership of 4,000 units of shares at an average cost of NGN19.50 per share. In this way, you have more shares at a lower cost and can vbe sure that when the market improves, you will be able to make more profit when selling off your shares.
Another idea is to start speculative trading (What i Call SPOT TRADING). I will elaborate more on this in my next post
But what is done is done, blame or no blame, prices have crashed and the only thing to be on our minds now should be how to recover from the entire troubles.
Most people have suffered imeasurable losses from the recent downturn. Market capitalization is at a meagre 3 trillion naira compared to above 20 trillion, pre-recession. Even I myself have lost a relative amount of money some stocks. But all in all, we are all looking for repairs. I was having a chat with a banker friend who gave a relatively bleak outlook on the situation considering the fact that the Nigerian economy is in a position where the bounce back is not really feasible too soon due to a few factors i will not mention yet in this post. But sincerely, i have a few tips on how to make recoveries from this loss
First, there are indications that the markets would bounce back in a few years time, but truth be told, even then, they might not be as high as what we had before the recession. So, one good idea is to buy the stocks at the current market price so as to leverage whatever price you bought it before the recsession (Although, this is a strategy that will work for people who can afford a lot of money into long term investments). for example, assuming you bought 1000 units of First Bank shares at NGN33 per unit, you can buy an estimated 3,000 units at the current market price of NGN15. This effectively gives you ownership of 4,000 units of shares at an average cost of NGN19.50 per share. In this way, you have more shares at a lower cost and can vbe sure that when the market improves, you will be able to make more profit when selling off your shares.
Another idea is to start speculative trading (What i Call SPOT TRADING). I will elaborate more on this in my next post
Welcome (2)
I launched this blog as far back as the winter of 2008, but since then I’ve not made any posts here. Guess all the hustle and bustle with the gloom of the deepening world financial crisis which started affecting my country (Nigeria) about that time drew my attention away from the blog and had me more concentrated on what to do concerning dwindling finances, downward spiraling stock prices and an effort to save most of what I had left in my portfolio.
Well, it’s been almost a year and currently, what we have is no serious improvement from what we had last year (at least for those of us in Nigeria).
Anyway, am no financial expert or guru in money management or finances, but I’ve been an active securities trader and analyst for upwards of six years now (all experience acquired in my course of stocks trading), I’ll be discussing issues bothered on finances, investments and how you can be your own fund manager, and not necessarily have to own an account with some sharp, dry-cleaned suit, sweet mouthed manager on Wall Street.
Have a nice bloging experience here
Well, it’s been almost a year and currently, what we have is no serious improvement from what we had last year (at least for those of us in Nigeria).
Anyway, am no financial expert or guru in money management or finances, but I’ve been an active securities trader and analyst for upwards of six years now (all experience acquired in my course of stocks trading), I’ll be discussing issues bothered on finances, investments and how you can be your own fund manager, and not necessarily have to own an account with some sharp, dry-cleaned suit, sweet mouthed manager on Wall Street.
Have a nice bloging experience here
Friday, October 16, 2009
Welcome
This blog will be treating posts on finance, money management, investment opportunities, online money making secrets and a host of other finance related issues.
I am no staunch finance expert though, but i guess i can give a few tips that'll help you make extra cash.
You can sign into my blog with your G-mail account to comment on my posts and post your own views too.
Welcome
I am no staunch finance expert though, but i guess i can give a few tips that'll help you make extra cash.
You can sign into my blog with your G-mail account to comment on my posts and post your own views too.
Welcome
Subscribe to:
Posts (Atom)
