10 General Trading Guidelines To Note

Be it Forex or cryptocurrencies, trading is now a common term in the midst of  many young internet savvy people now, trading is now the order of the day. Below are some ideas to trade successfully online. 

1. Plan your trade and trade your plan: You must have a trading plan to succeed. A trading plan should consist of a position, why you enter, stop loss point, profit taking level, plus a sound money management strategy. A good plan will remove all the emotions from your trades.

2. The trend is your friend: Do not buck the trend. When the market is bullish, go long. On the reverse, if the market is bearish, you short. Never go against the trend.

3. Focus on capital preservation: This is the most important step that you must take when you deal with your trading capital. You main goal is to preserve the capital. Do not trade more than 10% of your deposit in a single trade. For example, if your total deposit is $10,000, every trade should limit to $1000. If you don't do this, you'll be out of the market very soon.

4. Know when to cut loss: If a trade goes against you, sell it and let go. Do not hold on to a bad trade hoping that the price will go up. Most likely, you end up losing more money. Before you enter a trade, decide your stop loss price, a price where you must sell when the trade turns sour. It depends on your risk profile as of how much you should set for the stop loss.

5. Take profit when the trade is good: Before entering a trade decide how much profit you are willing to take. When a trade turns out to be good, take the profit. You can take profit all at one go, or take profit in stages. When you've recovered your trading cost, you have nothing to lose. Sit tight and watch the profit run.

6. Be emotionless: Two biggest emotions in trading: greed and fear. Do not let greed and fear influence your trade. Trading is a mechanical process and it's not for the emotional ones. As Dr. Alexander Elder said in his book "Trading For A Living", if you sit next to a successful trader and observe him or her, you might not be able to tell whether he or she is making or losing money. That's how emotionally stable a successful trader is.

7. Do not trade based on tips from other people: Trade only when you have done your own research. Be an informed trader.

8. Keep a trading journal: When you buy a market instrument, write down the reasons why you buy, and your feelings at that time. You do the same when you sell. Analyze and write down the mistakes you've made, as well as things that you've done right. By referring to your trading journal, you learn from your past mistakes. Improve on your mistakes, keep learning and keep improving.

9. When in doubt, stay out: When you have doubt and not sure where the market is going, stay on the sideline. Sometimes, doing nothing is the best thing to do.

10. Do not over trade: Ideally you should have 3-5 positions at a time. No more than that. If you have too many positions, you tend to be out of control and make emotional decisions when there is a change in market. Do not trade for the sake of trading. Happy New Year in advance.

Best Websites To Download Free Image For Your Blog

Image or images is what captivates many times,  sometimes this is what makes people to click to your website or blog to browse through your contents and most importantly, when it's the charming type. There are websites you can download free images  without been cautious or be sued for it. They are not copyright images.Websites you can download their image for commercial or non commercial purposes, you can even edit it to your best choice.

Examples are:

Superfamouse 

PicJumbo 

Pixabay

Pexels

Flicker

Burst - By Shopify

Free image

Depositphotos

Kaboompics

Cello

The reason is they have been appreciated already and it is a non-profit organization. Istock is now owned by Getty image, Getty image bought Istock in 2006. Almost all their products(images) are customized by watermark and also you can't download them for free. 

These are profit-making companies, they're licensed to purchase by the customers. Although they release some free images only for their members when you sign up with them. Happy reading.

5 Marketing Strategies For Your Broilers Business.

It is the Christmas season worldwide and one of the challenges that has forced many poultry farmers to exit the broiler business is lack of customers to buy their birds when they are ready. When a broiler reaches  market size it has to be disposed off, else the loss begins. The longer it stays on the farm, the more it consumes and thereby reduces the profits to be made by farmers. It's therefore important to have one or more marketing strategy before venturing into poultry farming. Below are suggested ways on how to market your broilers birds for better profit.

1. Engage your friends on your social media platforms.

If you think having many "friends"  or followers on social media isn't beneficial, please I think it's time to change that mindset. Anyone reading your status, viewing your pics is a capable customer of your birds. Instead of posting pics of how you hanged out over the weekend, think of posting your birds or products for sale.

2. Approach the roadside chicken roasters.

In most trading centers we have those guys roasting chicken and others frying chips, plantain, etc. They have a daily need of Broilers chickens. Approach them and trust me the next morning they will be at your gate.

3. Supermarkets and Hotels.

Whereas I have reservations with hotel and supermarket supply because of their mode of payment delay or pricing down of chickens, they can also be another place where you can supply your birds. For some of the supermarket, you may have to dress the birds, brand them well and put them in their deep freezers, this should also be included in your charges.

4. Have a stall and sell your birds

Having a stall in a popular market is one of the most effective way of selling your birds on time. It will make you sell your Broilers at a good price also, thereby making some good profits. The only challenge with this method is that one has to be consistent in production. Consistency here is key, as this is a very effective marketing strategy.

5. Get sales guys to move around and sell the birds

Farms with workers can adopt this strategy. Unlike with stall opening, hawking is a cheaper and one of the effective ways of selling broiler chicken. Even if you don't have workers, you can do it yourself. Let's not get ashamed of looking for money as long as it is a legitimate mean of getting our daily bread.

The demand for broiler birds is high because people eat chicken everyday and the meat is better than beef meat health-wise. But unless we leave our comfort places we shall not see the market. As farmers and business people, we need to think outside the box. It's only farmers with poor quality birds who will fail to find market for them. Get your knowledge from a trusted and reliable source also📚📚.

📕This blog has many ideas and guide to successful poultry production, farming business, other ideas that are relevant, well defined, informative, that will continue to guide you through your journey as an entrepreneur. Wishing the best and success in all you do. Have a wonderful day.

Why Personal Development Is Very Important (Part 2)

In our race to accumulate more money and more things, often through external sources so as to find the financial security and freedom we mostly long for, we tend to forget that we are sitting on the hottest stock we could best have put our money into: YOUR INTELLIGENCE AND POTENTIALS! Everything that we do for ourselves is an investment towards our future, whether it's learning a new skill or brushing up on an old one; mastering a language, or starting an exercise program; eating healthier; practicing spiritual principles or even making the efforts to meet new people or opportunities.

 Investing in ourselves is about finding the talents and gifts and abilities that lay dormant within us and putting them to work for us in a way that can bring us both financial and personal GAINS. If we want to succeed in life, we really must first learn how to succeed at being ourselves, What is it we love to do? what is it we believe in? what would make us hold our heads up taller; make us walk a little more confidently? Each of us has the potential to do and be whatever it is we dream of. if we can but put our minds and our hearts into it. By simply changing our thinking, we change our lives, and often those changes begin with simple things, such as taking a new class, or joining a church or professional organization. Investing in yourself doesn't always have to be serious. Sometimes, it can be taking yourself out to a movie or to get a relaxing massage. Or buying a book you've been dying to read and then actually taking the time to read it. Investing in our pleasure makes us happier people and happier people make for a happier world. Who can argue with those kinds of returns?

The idea is to never stop growing, to keep increasing our self-worth, which in turn increases our net worth. We have at our fingertips so many resources for investing in ourselves – many of them are inexpensive, or even free. They include Libraries, adult school classes, spiritual retreats, church classes, lectures, reading News papers and seminars. Even hobbies and leisure time passions such as gardening and sailing can be considered an investment worth putting time and money into,especially if these activities reward us with peace of mind, better health and more beautiful surroundings.

Every investment we make in our own lives and in our dreams helps us to grow and expand beyond our current limitations, just like the interest on a mutual fund helps the initial deposit grow and expand. The more we invest, the more interest we earn, and the greater the rewards will be in all areas of our lives.

Many of us are so busy with jobs and family demands, we just about have time to get home from work and make a sandwich. Maybe call our stockbroker once a month to see how our money is doing, if we even have a stockbroker. After all, we're doing OK, aren't we? We're surviving, aren't we?
 Whether or not you believe in reincarnation, this is the only life you get RIGHT NOW, so why not make it the best it can be RIGHT NOW? We tend to trust our financial advisers more than we trust our own inner adviser, our intuitive mind. We put more stock in the mutual fund than in ourselves.
We must stop the busyness of life and ask ourselves – WHAT IS THE MOST IMPORTANT ASSET I OWN?

 If you say your house, your car, or your stock portfolio, you are bound for disappointment, for those are things that can be taken away at any time. An author once said, "Man's greatest folly is in not realizing that the true riches are within himself already, if he could but just bring them forth." This is the kind of self-investment I'm talking about, the kind that pays fabulous dividends. The amount of undeveloped and wasted human potential on this planet is tragic. We seem so sure that our fortune lies somewhere outside of us,  we forget everything we need is already within us, just waiting to be nurtured and released. Don't forget, "You are already your most valuable property, and investing in property improvement is the smartest move you can make in productively using your money and time."

 We invest in repairing and remodeling our houses, why not our lives? Imagine that you are a bank. In fact, you can call yourself "THE BANK OF YOU – Open 24 Hours." Every coin or note you deposit into your "account" is a positive action, a new skill, a developed talent, a self-empowering experience. The more you deposit, the more options and opportunities you create for yourself, building upon your own wealth the same way the money you put into your real bank account builds upon the investments and interests of the accumulated accounts of that particular institution.

Investing in the real stock market is important and something everyone should be Involved in, and you really can build future wealth for yourselves and your families. But don't forget that life is lived in the now, and that by investing in yourself, you improve your Present, and your distant futures. Who can afford NOT to invest in themselves, for isn't that really all you have when all is said and done?

Banks can close, companies can downsize and go bankrupt, and the stock market can crash tomorrow and not recover for months, maybe years.

But you are always a gold mine of treasures that never lose their worth. You are a bright, shining light that should not be "hidden under a bushel." You are connected to an inexhaustible and unlimited resource of Universal wisdom from which new ideas and wonderful concepts continuously spring forth.  Your talents, skills, passions and desires are fuel for success. Your creativity and ingenuity are blueprints for achievement. Your thoughts and how you choose to use them is really all that stands between you and the wealth and freedom you long to experience, the true wealth that comes from being in the flow and living a life filled with purpose and meaning.

All you need to do is put some time and money into the business of YOU. Take that risk now and make those investments, however big or small they may be. There's no better time than the present to invest in YOURSELF. Have a wonderful day. 

 

Read Part 1 Here.

4 Tips To Manage Home Business Cash Flow Effectively (Part 2)

1. GET AN ACCOUNT ANALYSIS STATEMENT
How do you know how much money (bankers refer to this as "balances") to leave in your checking account to pay for bank's services? That's a question that more business owners should be asking themselves.
(1) First, get a price list which shows how much your bank charges for services like account maintenance, checks deposited, checks paid, stop payments and wire transfers.
(2) Ask the bank to send you a monthly "Account Analysis Statement."  The analysis statement contains the average balance levels for the month -- both the ledger and the available balance -- as well as a listing of
services used, their transaction volumes and cost. This statement should be obtained in addition to the regular monthly bank statement.
(3) Look at the account analysis to see whether you are overcompensating the bank. Then pull out any excess funds and invest them in a high-yielding money market mutual fund, for example. A word of advice:  Smaller banks may not know what you are talking about when you ask for an account analysis.  Larger banks often offer such a statement, but you have to ask for it. And don't let them charge you for this kind of statement since it is only an invoice.

2. INVENTORY IS NOT CASH
Every item you have sitting on your shelf should eventually be transformed into cash in your bank account, and the sooner the better. As long as it's inventory, it's basically dead weight.  If it is not moving, you're not having cash flow. Here are six recommendations to minimize the cost of your inventory:
(1) Attempt to forecast as accurately as you can the day, week and month what you expect to sell.
(2) If you are dealing in more than one item, determine which item accounts for 80% of your sales.  Then minimize ordering other items that are selling poorly or infrequently.
(3) Determine how fast you can get inventory, once you order it.  Try to order as late as you can.  Some firms can use "just-in-time" inventory which enables them to receive their order the day they need it.
(4) Determine your economic order quantity and don't order too much inventory just to save a few pennies.
(5) Shop around and make sure you are getting competitive prices.
(6) Develop a policy for determining what is obsolete inventory, and how you can get rid of it. The best way to get rid of dead inventory is to sell it whatever you can get for it, even if that's only 10 percent of what you paid for it.  At least it will generate cash flow.

3. DON'T FORGET CONTINUITY SALES
Once of the most exceptional ways of controlling and improving cash flow well into the future is by employing something called continuity of sales or services. Continuity sales are simply a contract to purchase products or services on an installment basis for a fixed period of time. That may sound complicated, but in practice, it actually is not. The best example of a continuity sale is a magazine subscription. 12, 24, or 36 issues delivered each month for X amount of dollars. The bigger the subscription, they better deal you get. The publisher gets more money up front, and the customer gets a better deal in the long run. Continuity can apply to anything. Let's say you own a dry cleaning business.  How about an annual deal to clean 5 shirts or blouses per week for set amount  of money?  Get people to pay your for the entire week up front for a lot of fast cash flow. You'll trade a discount for getting business, but you'll ensure a steady cash flow for months to come. Continuity works with just about any kind of product or service you are offering, from dry cleaning to to your personal consulting service. You can structure payments for continuity sales on almost any basis, but it's best by far to go for complete payment up front. After all, the discount is based on a customer's commitment, and they'll be a lot more committed with their money on the line.

4. LICENSING AGREEMENTS
After all is said and done, if you were to list the assets of the company you have created, you'd probably include your inventory, equipment, accounts receivable, equity, and so on. But by this time, especially if you have been reading carefully, you have something more -- something that is not necessarily a physical "thing" such as cash or inventory. If you've been a clever business person, you have come up with certain ads that have out pulled your competitors.  You have developed policies and procedures that have kept your returns and refunds the lowest of any around.  Or you may have come up with a money-making technique that is completely unique.  If so, you are potentially sitting on fast source of cash. You can license the rights to use any of your specialized techniques or assets to other non-competitive businesses. You can do it for a flat fee, a percentage of profits, on a royalty basis, or any other way that makes sense to you.   You can also conduct seminars to teach your techniques to other would-be work-at-home entrepreneurs and charge whatever the market will bear. It's easy to generate an extra $5,000 a month and much more on the lecture circuit. While you are getting paid to spread your knowledge, you will be drumming up more business. The knowledge you have in your head right now could very well be worth a lot of money. It's only a matter of you looking within yourself and a your successes to see how you can transform it all into real, hard cash. All the best.

Read Part 1 Here.