7 Quick Ways For College Students To Make Money Online
/ / Labels: FOREX TIPS
I received an email the other day from a College Student wanting to know how they could make extra money online. The email stated they didn’t have a lot of time because of their studies. So after giving it some thought, I came up with a list of 7 quick ways college students could make extra money online.
I dismissed blogging in general because it takes some time to get a blog established and making money (the exception is local websites and blogs, see below). I assumed the emailer needed money fairly quick.
Here are my suggestions to the emailer.
- Project Payday: A few months ago, I experimented with a legitimate way to make money quick online with a program called Project Payday. I took about half a day and researched this project online. Seemed real people were making real money with it. Not getting rich, but making enough extra money quickly to pay some bills or other stuff. The next day I signed up with Project Payday, watched the training video’s and browsed the Forums to get a feel as to how this program worked. In all, this process took me a few hours. The next day I followed the directions and made myself available for some “jobs”. The first day, I made $50. The next day I hit it hard for about 6 hours and brought down $225 for my efforts. The following day, I worked 3 to 4 hours total and made $130. I soon found out one drawback to this program. It’s boring! No special skills are needed other than the know-how to operate your computer and use the Internet, but it is tedious work. I’m not cut out to spend hours behind a computer! Most people can make money quickly with this program, but you’ll have to put the time into it. The more time you put into it, the more money you’ll make generally. It’s that simple. If you’re interested, check out Project Payday by clicking here. It’s free to sign up, so go ahead and sign up, read the promotional literature they have and watch the training video’s. They even have a guarantee that says if you follow the simple 4 step process in Method 1 and don’t make money in 24 hours,they’ll give you $100! This is the best guarantee I’ve seen online. I doubt anyone will need it though, because it is that easy to make money with Project Payday.
- Read Emails - Taking Online Survey’s, etc: In my opinion, this isn’t as easy as Project Payday, but it’s real close. There are companies that receive thousands of emails every day that need to be read. Obviously the CEO or other employees can’t spend every day reading emails, so they outsource this. There are several companies where they outsource this type of work as well as other tedious, time consuming chores such as product testing, online surveys, online mystery shopping and other. Send Earnings is one such company that other companies outsource to. Consumers such as you sign up and are normally paid on a per assignment completed basis. The pay varies by what type of assignment you choose. You choose where you want to make money, to learn more or to sign up for this opportunity.
- Become a Freelance Writer - Can you Write a sentence? Then you may have what it takes to make money as a Freelance Writer. You don’t have to have a degree in English either. In fact, if you can write in an easy to read manner, you have what it takes to make money writing Web content, short stories and other media. You can sell articles on Forums like DigitalPoint and SitePoint, but don’t expect to make a whole lot. Or you can sign up for a service like Freelance Home Writers. Basically this is a job board for Writerswhere Companies and Individuals needing Writers post their offers. You can either accept or reject them, it’s up to you, for more information about the Freelance Home Writer program and learn how to make money as a Freelance Writer.
- Make Money On Ebay - Yes, ebay. As long as there are College Students, there’ll be some students who need money and those who are making money. You could easily sell stuff for other Students and take a small commission from them. A better way would find Dropshippers and Wholesalers. This is how many Power Sellers make their living from eBay. Back when I made money on Ebay, I visited Garage Sales and Estate Auctions to buy stuff to resell. It wasn’t until I got the FREE Ebay For Dummies starter kit (I think I had to pay 2 bucks for shipping) that I really started making some good money. This starter kit is full of tips and advice for people wanting to make money with ebay. It also has lists of Dropshippers and Wholesalers that you can use. Click here for more information on this free starter kit.
- Become an Online Tutor - I’m not sure what this pays, but I’ve known people in the past who have worked with companies like e-Tutor,SmartThinking and Tutor.Com. Online tutoring is an in-demand service and growing all the time. If you like helping others learn, this could be just the ticket for you. You will have to set aside a certain number of hours per week, anywhere from 2 hours on up on average depending upon which service you go with.
- Give eLessons - Do you know MS Word inside and out? Can you make an Excel spreadsheet scream for mercy? Can you work magic with Quicken? Well, there are thousands of people who just want to know the basics of these programs or are looking for some updating. You can advertise on places such as Craigslist and Kijiji or even the local newspaper. You’d be surprised at the number of people just wanting to learn the basics on operating a computer and who are willing to pay someone to teach them!
- Become an Online Juror - Even Lawyers need to practice! There are places such a eJury and TrialJuries.Com that stage mock trials. The Jurors get paid anywhere from $5 to $60 depending on how complex the case is. There’s no guarantee you’ll get a case, but it has to better than cleaning up after the old folks at the Senior Citizen Center! Many colleges have access to these mock jury trials, but from what I’ve been told, they don’t pay as much as the online jury pools. Also, as with anything in life, if you slack off on the Jury, don’t expect to be called back. The more you pay attention and get involved, the more likely they’ll “keep your name around.”
Some college students show up on the first day in a bright shiny BMW convertible. Those are the ones who do not need help. For most College Students, a few extra dollars a month goes a long ways in making it easier to study for their classes. If you’re in a pinch, there’s no need to run down to the Blood Center to give blood, just turn your computer on and go to work.....LINK
Trying to learn forex trading online ? 7 rules you must follow
/ / Labels: FOREX TIPS
This post is dedicated for beginners, that don’t really know how, or where to start on how to learn forex trading online.
Here are 7 basic tips that have severed me well and made making money through forex, easy as pie !
Tip 2. Never invest money into a real Forex account until you practice on a Forex Demo account!
Allow at least 2 month for demo trading. Consider this: 90% of beginners fail to succeed in the real money market only because of lack of knowledge,practice and discipline. Those remaining 10% of successful traders had been sharpening and shaping their skills on demo accounts for years before entering the real market.
A good demo account to start practicing with could be, for example, FXGame from Oanda.
Tip 3. Go with the trend!
Trend is your friend. Trade with the trend to maximize your chances to succeed. Trading against the trend won’t “kill” a trader, but will definitely require more attention, nerves and sharp skills to rich trading goals.
Tip 4. Always take a look at the time frame bigger than the one you’ve chosen to trade in.
It gives the bigger picture of market price movements and so helps to clearly define the trend. For example, when trading in 15 minute time frame, take a look at 1 hour chart; trading hourly would require obtaining a picture of daily, weekly price movements.
If a trend is hard to spot — choose a bigger time frame. Up and down market patterns are always present. Always make sure you know the dominant trend, unless you are a scalper. Scalpers have no need to spend their time studying big trends, what’s happening in the market here and now (during 5-10 minute time frame) should be of only importance to a Forex scalper.
Tip 5. Never risk more than 2-3% of the total trading account.
One important difference between a successful and an unsuccessful trader is that the first is able to survive under unfavorable conditions on the market, while an unsuccessful trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 traders can get opposite results in the long run. The difference will be again in the money management approach. To introduce you to money management, let’s get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Tip 6. Put emotions down. Trade calm.
Don’t try to take revenge after losing the trade. Don’t be greedy by adding lots of positions when winning.
Overreaction blocks clear thinking and as a result will cost you money. Overtrading can shake your money management and dramatically increase trading risks.
Tip 7. Choose the time frame that is right for you.
Choosing wise means that you are comfortable and have time enough to analyze the market, place and close orders etc. Some people can’t wait for hours for the price to make a move, they like action and therefore prefer smaller time frames. On the contrary, for others 10-15 minutes is a hustle to be able to make the right decision.
So now it is easier then ever to learn forex trading online !!
P.S If you would like these type of tips please comment on them so i can give you the best information as possible happy trading.....LINK
Why I Trade Forex and You Should Too
/ / Labels: FOREX TIPS
Why I Trade Forex and You Should Too
Hi! Welcome my new blog, Free Forex Tips, dedicated to sharing what the Forex market is and what it really takes to succeed, including free forex strategies, online trading broker reviews, technical analysis and more. To receive free forex lessons and tips, I invite you to subscribe to my newsletter now and come back soon!
Why I Trade Forex & You Should Too
Forex trading offers many advantages such as:
- Only six major pairs to trade.
When I was swing trading stocks, I always had 100-500 stocks I was watching, with around 25-50 favorites. Trading Forex simplifies it down to just six. What a relief!
- Forex is a 24 hour market.
A day in the Forex market is considered from 5:00 p.m. one day to 5:00 p.m. the next, but you can call any hour of the day or night your cut-off point. It’s really nice to be able to trade whenever you want, on your schedule.
- Best potential of any market to make money quickly.
Volatility is a good thing, if you know how to use it. With Forex, you can see big swings happen in short time frames, creating massive opportunities for gains. (And, yes, the flip side of the coin is that there is also the potential for large losses. Any good trader will control for this with stops.)
- Great market to day trade.
If you’ve never watched a one-minute Forex chart, you’re missing a real show. Coming from the
- High Liquidity
The currency market is the largest trading market in the world. As long as you are trading major pairs, you’ll never have to worry about getting out of a trade gone bad.
- High leverage
In Forex, most brokers will give you a 100:1 leverage. This allows you to leverage a very small amount of money for a potentially much larger gain than you could otherwise expect. And, while many people fear losing huge amounts of money this way and experiencing a dreaded “margin call,” the fact is that most brokers have a safety policy in place to prevent you losing any more than you actually have at stake. Hence, if you choose a good broker and set up your account properly, you can not go “into the hole.”
Well, that’s all for today. I’ll be posting once or twice a month so stay tuned for free forex tips and strategies coming soon. If you would like to know when there’s a new article or receive free forex tips directly in your box, please feel free to subscribe to my newsletter. I promise I will never flood your inbox with junk nor sell or share your address with any third party. .....Link......
What IS Forex Trading?
/ / Labels: FOREX TIPS
What IS Forex Trading?
Hi! And thank you for visiting Free Forex Tips, the website for novice and prospective Forex traders.
You constantly hear in the news about the rise and fall of the U.S. dollar and see the ads touting how you can make money in Forex plastered all over the internet. But whatis Forex trading anyway?
When my son was in grade school, he became interested in action comic books. Not only did he like
Trading the Foreign Exchange Market is similar, in a way, to my son’s first entrepreneurial adventure. You trade one thing (a base currency), relative to another (a counter currency), and hope that the one you bought goes up in value relative to the other. If it does, you got a good deal. That’s all there is to it! Nothing complicated…really!
In my next blog I will discuss how to read foreign currency symbols and quotes. Thanks again for visiting .....Link......
Forex Pairs: How to Read Price Quotes
/ / Labels: FOREX TIPS
Forex Pairs: How to Read Price Quotes
Hi. And thanks for visiting Free Forex Tips, the blog site for novice and would-be Forex traders.
As described in the article, What is Forex Trading, foreign currencies are traded in pairs. These are shown like this: EUR/USD. The first shown, in this case the Euro, is the base currency. The currency after the slash is the counter currency where quotes are expressed in terms of one unit of the base currency with respect to the counter currency.
EXAMPLE: EUR/USD = 1.5830 means One Euro equals 1.583 U.S. Dollars.
USD/CAD = 1.2304 means One U.S. Dollar equals 1.2304 Canadian Dollars.
Note that the base currency, regardless of country or origin, is always expressed in terms of the counter currency.
What is a Pip?
EXAMPLE: If the EUR/USD pair changes from 1.5830 to 1.5831, this is a 1 pip move.
If the USD/JPY moves from 110.30 to 108.31, this is also a 1 pip move.
If the EUR/USD changes form 1.5830 to 1.5840, this is a 10 pip move.
If the EUR/USD changes form 1.5830 to 1.5930, this is a 100 pip move.
Since EUR/USD is a four decimal point pair, one pip is the fourth decimal position for the pair above. Since the Japanese Yen only trades to two decimal points, however, 1 pip holds the 1/100th decimal place.
How to Read Forex Quotes
Like many stocks and commodities, a Forex quote is made up of two parts, a Bid and an Ask. The Bid is the price a buyer (i.e. “the market”) is willing to pay a seller for a currency pair at a given time. The Ask is the price at which a seller (i.e. “the market”) is willing to sell a currency pair for at any given moment. These are constantly changing, based on a “floating” market. An easy way to remember the difference is to think about it in terms of bidding at an auction, which is similar to how the market works. At an auction you BID on what you want to buy and ASK a minimum amount for what you want to sell. Easy, yes?
What is a Spread?
Now, the difference between the Bid and the Ask is called the Spread. This is important because the spread is how the market makers make their money. (This is why there is no commission in Forex trading.) Typical spreads range from 3 to 7 pips. You can get smaller spreads if you have a very large account but, for the average person, you should expect to pay at least 3 pips, but usually more like four or five. Obviously, the smaller the spread the better, since each pip usually equals $10.
EXAMPLE: EUR/USD = 1.5830/1.5833 = 3 pips spread
The Bid is always quoted first. In this example 1.5830 is the Bid price. If you want to buy this pair, you have to pay the Ask price of 1.5833, giving the market 3 pips. So, at 100:1 leverage, $30 is the fee you would pay to buy this pair. If you were selling a long position, you would receive the lower price, the Bid price.
Assuring Best Spread
As stated above, prices and spreads change continuously, with spreads varying depending on market conditions and trading hours. News can also affect the spread, with spreads widening when a market becomes “hot.” One of the perils of this involves finding a quote you like but, before you can place your order, finding that it’s already changed. This can be avoided by finding a broker that uses a “freeze rate.” This electronic mechanism allows your rate to stay the same for several seconds, irrespective of the market’s movement, while you are placing your order and can, over a period of time, help you save considerable money on your trades.
That’s all there is to it! I hope you found this article helpful. In my next blog, I will cover margins. Thanks again for visiting Free Forex Tips .....Link......
Evaluating Online Brokers
/ / Labels: FOREX TIPS
Evaluating Online Brokers
What online broker you use depends greatly on what you want to trade. I know many options guys who
Since most of us don’t have truckloads of cash, this post will focus on discount brokers who accept small deposits. One that I have found that makes it easy to get started is, aptly named, Easy Forex. The good features of this broker include:
- Initial deposit as low as $100. (Hard to believe but true!)
- Easy deposit via credit card or Paypal
- “Freeze rate” for best price while market is moving. (See “Forex Pairs: How to Read Price Quotes” for more on this.)
- Guaranteed stop-loss rate. (This is as good as it gets.)
- No software download. This means you can trade online from anywhere and are not limited by your CPU speed or hard drive size.
Online Broker Rating
There are many Forex brokers out there. Some better than others; some outright scams. So I’ve developed a Squidoo lens to allow traders to vote for the brokers they like and to leave comments on those they don’t. My hope is that eventually this will be a great consumer resource for traders. So come on over and get pro-active .....Link......
7 More Reasons to Trade Forex
/ / Labels: FOREX TIPS
7 More Reasons to Trade Forex
In my first article “Why I Trade Forex and You Should Too,” I listed six reasons why the Forex market has great potential for traders. In case In case you weren’t convinced, here’s seven more reasons I trade Forex and you should too:
- • Although volatile, currencies tend to show strong trending characteristics which lend themselves to successful short- to medium-term trading
- • Great way to make money in down markets
- • Currencies not connected to stock market. Thus they may go up while stocks go down
- • Can play both up and downtrends
- • Faster profit potential than is often possible in options
- • Currency market immune to the kind of market manipulation that can occur in the stock market
- • Overall, more accurate analytic tools available and better risk management possible
So there ya have it – Seven more reasons to trade Forex. Wanna know more? Click on the free ebook in the sidebar for a free Guide to Forex Basics. Then, open a paper account, practice for a while, and see what ya think .....Link......
