Friday, June 3, 2011

What is an Affiliate Network?

You could try to go and find each individual website you want to promote, try to setup a deal with them and then become their affiliate but that would take a lot of time.
This is where the affiliate networks come in. Affiliate networks are companies that facilitate the “network” or relationship between the companies and the affiliates (you). Affiliates (Industry term: Publishers) sign up for the affiliate network and instantly have access to thousands of companies  (Industry term: Advertisers) that want you (affiliates) to promote their business. You can pick through any number of these companies to promote.
This instant access to hundreds or sometimes thousands of companies is the true power of being a part of an affiliate network. But… the benefits don’t stop there. You never deal with the individual companies directly. Instead, you always deal directly with the affiliate network. This way you really only have one point of contact.
Finally, the other major benefit of the affiliate network is the payment terms. Affiliate networks usually pay their affiliates way faster than a direct company. Instead of waiting 60+ days to be paid (net 30 or even net 45), you can often get paid biweekly or weekly after a small earning threshold. For example, many networks will
set you on weekly wires if you start generating $1000 per week or more in commissions.

What Is Affiliate Marketing?

Affiliate Marketing is marketing products or services for other companies in exchange for a commission. You are a virtual sales person of sorts. You don’t deal with inventory, customer service, follow up, or anything like that. You simply sell.
When you successfully get a customer to the business and make a sale (or lead), you get paid a commission.
As an example, let’s look at Zappos.com. Zappos is an online shoe retailer. Zappos wants as many sales as possible and in order to do so, will pay you a commission if you get someone to buy because of your advertisements. So they give you a special “affiliate” link and when you have people go through your affiliate link and purchase something on the zappos website, you automatically get paid a percentage of the sale.
Now… think if you could find tens of thousands of people actively looking for shoes. You could be placing your special affiliate link in front of them and be making money 24 hours per day. This is just a simple example of what affiliate marketing is and how it’s done; there is a bit more too it all, but all of it will be covered in this guide.

Thursday, June 2, 2011

Major Currencies


Symbol
Country
Currency
Nickname
USD
United States
Dollar
Buck
EUR
Euro zone members
Euro
Fiber
JPY
Japan
Yen
Yen
GBP
Great Britain
Pound
Cable
CHF
Switzerland
Franc
Swissy
CAD
Canada
Dollar
Loonie
AUD
Australia
Dollar
Aussie
NZD
New Zealand
Dollar
Kiwi

Major Currency Pairs

The currency pairs listed below are considered the "majors". These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded. The majors are the most liquid and widely traded currency pairs in the world.

Pair
Countries
FX Geek Speak
EUR/USD
Euro zone / United States
"euro dollar"
USD/JPY
United States / Japan
"dollar yen"
GBP/USD
United Kindom / United States
"pound dollar"
USD/CHF
United States/ Switzerland
"dollar swissy"
USD/CAD
United States / Canada
"dollar loonie"
AUD/USD
Australia / United States
"aussie dollar"
NZD/USD
New Zealand / United States
"kiwi dollar"

What is Forex?

If you've ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet (if you're a dude) or purse (if you're a lady) or man purse (if you're a metrosexual) into the currency of the country you are visiting.

You go up to the counter and notice a screen displaying different exchange rates for different currencies. You find "Japanese yen" and think to yourself, "WOW! My one dollar is worth 100 yen?! And I have ten dollars! I'm going to be rich!!!" (This excitement is quickly killed when you stop by a shop in the airport afterwards to buy a can of soda and, all of a sudden, half your money is gone.)
When you do this, you've essentially participated in the forex market! You've exchanged one currency for another. Or in forex trading terms, assuming you're an American visiting Japan, you've sold dollars and bought yen.
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed. It's these changes in the exchanges rates that allow you to make money in the foreign exchange market.
The foreign exchange market, which is usually known as "forex" or "FX," is the largest financial market in the world. Compared to the measly $74 billion a day volume of the New York Stock Exchange, the foreign exchange market looks absolutely ginormous with its $4 TRILLION a day trade volume. Forex rocks our socks!
Let's take a moment to put this into perspective using monsters...
The largest stock market in the world, the New York Stock Exchange (NYSE), trades a volume of about $74 billion each day. If we used a monster to represent NYSE, it would look like this...
You hear about the NYSE in the news every day... on CNBC... on Bloomberg...on BBC... heck, you even probably hear about it at your local gym. "The NYSE is up today, blah, blah". When people talk about the "market", they usually mean the stock market. So the NYSE sounds big, it's loud and likes to make a lot of noise.
But if you actually compare it to the foreign exchange market, it would look like this...
Oooh, the NYSE looks so puny compared to forex! It doesn't stand a chance!
Check out the graph of the average daily trading volume for the forex market, New York Stock Exchange, Tokyo Stock Exchange, and London Stock Exchange:


The currency market is over 53 times BIGGER! It is HUGE! But hold your horses, there's a catch!
That huge $4 trillion number covers the entire global foreign exchange market, BUT retail traders (that's us) trade the spot market and that's about $1.49 trillion.
So now you know not to be fooled when you read how the stock market is the biggest game out there. It's definitely huge, but not as huge as the media would like you to believe.

What type of account should I open?


For starters who are investing between $2,300 - $50,000.00 USD we recommend opening a mini account that is set to trade micro lots 0.01. Be sure to confirm with your broker, before you start trading live, that your account is set to trade micro lots (2 Decimals). Using the special link in our Preferred Brokers report, will take you directly to the MT4 application page, with all features needed to properly trade with the RoboMiner EA, as micro lots 0.01 and 200: 1 leverage.

To get a better understanding on how the this works, please carefully ready through the following :
Here at Forex blog, we will tell you everything exactly the way it is. The system uses a grid trading system, which places a midpoint in middle of the historic high and low of the currency it trades with, when the market is above the
midpoint the system places sells (short orders), when the market is beneath the midpoint the system places buys (long orders), the theory behind this, is from the history of the Retail Forex Market, whenever the market has gone to extreme ranges
it always came back to the midpoint area. To get a better understating on this, we
recommend you read the “Proof” PDF that comes with the system. The system  is a long term investment system, it is not a that promises to turn $300.00 into $30,000 in 30 days or less, with the system you can expect to see a minimum of 6-10% return each month, with compounding that’s a minimum of 100% return per year.