Business Success

Monday, July 5, 2010


The difference between forex technical and forex fundamental analysis is that forex technical analysis ignores fundamental factors and is applied only to the price action of the market. Forex technical analysis primarily consists of a variety of forex technical studies, each of which can be interpreted to predict market direction or to generate buy and sell signals. The technical analysis works by correlating the results and moves of current markets to create a short-term outlook for currencies. The rolling data that is produced throughout the trading day creates the interest in the markets and informs traders of the strong markets to back.


The Trend is Your Friend


Forex technical analysis is largely based around forex market movement trends, thus creating the widely used phrase ’the trend is your friend’ amongst traders. Buying and selling at the right time is the key in maintaining good levels of profits, following a trend is also about knowing where to entry a trade and more importantly where to exit.

Support and Resistance

Support and resistance is the basic of forex technical analysis. Support and resistance levels are points where a chart experiences recurring upward or downward pressure. A support level is usually the low point in any chart pattern (hourly, weekly or annually), whereas a resistance level is the high or the peak point of the pattern. Buying and selling at the support and resistance points makes a greater profit margin as long as they remain unbroken.

History Tends To Repeat Itself


Another important idea in technical analysis is that history tends to repeat itself, mainly in terms of price movement. The repetitive nature of price movements is attributed to market psychology; in other words, market participants tend to provide a consistent reaction to similar market stimuli over time. Forex technical analysis uses chart patterns to analyze forex market movements and understand trends. Although many of these charts have been used for more than 30 years, they are still believed to be relevant because they illustrate patterns in price movements that often repeat themselves.


Read more!

Customized Marketing

During my years as a marketing and service officer, I learned that you have to give before you receive and that's what customized marketing is all about.

This is a simple rule and you might say, "Why, we are business persons! We are pragmatic and go straight to the point! We mail our price list or our delivery schedule to prospective customers or clients."

But that's not enough. Instead of just giving the customer the same thing that every other customer is given, why not write a small report describing what you can do for the other company and how you will do it?

Customized marketing does not mean giving away all your secrets, contacts or giving the solutions for free. It means giving your prospective customers the information they need to do business with you, and will only give you an edge over your competitors. This kind of directed, specific marketing might take a few hours of your time but you will certainly win or keep a new customer.

Remember the following:

1. 80% of your business comes from 20% of your customers;

2. Finding a new customer is harder than keeping the ones you have.


Read more!

When it comes to foreign currency trading software that you choose is essential. There are so many foreign trade companies compete for your business, choosing the foreign currency can be a daunting task. Most Forex software in real-time online platform for foreign trade, but other ingredients are essential when it comes to their own currencies Software Before software.

Key project money to each program has some basic elements should be included. More importantly, security and software, online foreign exchange transactions, including 128-bit SSL encryption to prevent hackers access to personal data and information such as your account balance, transaction history, etc.Providing best protection for Exchange operations at the company, including 24 -hour support, server software, Exchange 24-hour support if something goes wrong, daily backup of all data security systems designed to prevent unauthorized access.As these security protocols are also some foreign exchange trading companies, using smart card and fingerprint reader to ensure that only employees can access to their servers.Another key factor in selecting Forex software is to check once in the same company. When it comes to currency trading, particularly online forex trading, you must be sure that the chosen international exchange software is reliable, 24 hours a day. Program, select your currency exchange transactions must also possess the technical assistance program has been cut logging short.Ensuring all elements above currency of your choice to help success in foreign currency transactions to guarantee.


Read more!

Define Your Customer Before Marketing means:
. Don't make the mistake of marketing your product or service before you've defined your customer or client. If you do, you're just throwing your marketing money away.

. Marketing is not just a matter of placing ads. It's a method of attracting new business. Before you can hope to achieve this, you have to know exactly who you want to target with your marketing. You need to know your target market before you can reach them.

. What's the point, for instance, in buying an advertising spot on TV if you're trying to sell whitewater rafting adventures? Are these sorts of people really going to be sitting in front of the tube?

. Define your customer by getting to know everything you possibly can about him or her. Think carefully about your product or service. Exactly who would want to purchase it? How old is this person? What is her marital status? Where does she live? How does she like to spend her spare time? What are her hobbies? What other products does she buy? Where does she go on vacation?

. You need to develop your target market as specifically as possible if you're going to market your product or service effectively. So think of your "ideal" client or customer as a person. Visualize him or her in detail. "See" what he or she does, thinks, and wants.

. If you can't visualize this person clearly and distinctly, then you need to research your potential customer or client until you can. Because until you can define your target market, you won't be able to make the decisions that need to be made about marketing, such as how, where, and when to advertise.


Read more!

Saturday, June 26, 2010

Many centuries ago, the value of goods were expressed in terms of other goods. This sort of economics was based on the barter system between individuals. The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.


Coins were initially minted from the preferred metal and in stable political regimes, the introduction of a paper form of governmental I.O.U. during the Middle Ages also gained acceptance. This type of I.O.U. was introduced more successfully through force than through persuasion and is now the basis of today’s modern currencies.

Before the first World war, most Central banks supported their currencies with convertibility to gold. Paper money could always be exchanged for gold. However, for this type of gold exchange, there was not necessarily a Centrals bank need for full coverage of the government's currency reserves. This did not occur very often, however when a group mindset fostered this disastrous notion of converting back to gold in mass, panic resulted in so-called "Run on banks " The combination of a greater supply of paper money without the gold to cover led to devastating inflation and resulting political instability.

In order to protect local national interests, increased foreign exchange controls were introduced to prevent market forces from punishing monetary irresponsibility.

Near the end of WWII, The Bretton Woods agreement was reached on the initiative of the USA in July 1944. The conference held in Bretton Woods, New Hampshire rejected John Maynard Keynes suggestion for a new world reserve currency in favor of a system built on the US Dollar. International institutions such as the IMF, The World Bank and GATT were created in the same period as the emerging victors of WWII searched for a way to avoid the destabilizing monetary crises leading to the war. The Bretton Woods agreement resulted in a system of fixed exchange rates that reinstated The Gold Standard partly, fixing the USD at $35.00 per ounce of Gold and fixing the other main currencies to the dollar, initially intended to be on a permanent basis.

The Bretton Woods system came under increasing pressure as national economies moved in different directions during the 1960’s. A number of realignments held the system alive for a long time but eventually Bretton Woods collapsed in the early 1970’s following president Nixon's suspension of the gold convertibility in August 1971. The dollar was not any longer suited as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits.

The last few decades have seen foreign exchange trading develop into the worlds largest global market. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values.

In Europe, the idea of fixed exchange rates had by no means died. The European Economic Community introduced a new system of fixed exchange rates in 1979, the European Monetary System. This attempt to fix exchange rates met with near extinction in 1992-93, when built-up economic pressures forced devaluations of a number of weak European currencies. The quest continued in Europe for currency stability with the 1991 signing of The Maastricht treaty. This was to not only fix exchange rates but also actually replace many of them with the Euro in 2002.

Today, Europe has embraced the Euro in 12 participating countries. The physical introduction of the Euro on January 1, 2002 saw the old countries currencies made obsolete on July 1, 2002.

In Asia, the lack of sustainability of fixed foreign exchange rates has gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates in particular in South America also looking very vulnerable.

While commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have discovered a new playground. The size of the FOREX market now dwarfs any other investment market.

It is estimated that more than USD1,200 Billion are traded every day, that is the same amount as almost 40 times the daily USD volume on the American NASDAQ market


Read more!

Saturday, June 5, 2010

If you have just started trading in the FOREX market or your considering it, these five basic rules could save you a lot of money and keep that shirt on your back.
Of course Fap Turbo ,Forex megadroid and a host of other forex trading robots are waiting in the wings but we will look at them later.

The Five Basic Rules for FOREX Trading:

Yes it is worrying starting your journey into FOREX trading. The rules and methods of trading can seem like a lot to deal with. Of course you will learn many things along the way, like which currency pairs perform the best and trends in the market.

There is however key rules and methods you should be aware of in order to keep loses to an absolute minimum and maximize profits. You will avoid many pitfalls as well as recognize opportunities that will boost your profits in the FOREX market.

These are the five rules/methods we will cover :

1) Don't Over Leverage Your Investment

2 ) Quit When Your Ahead Know When That Is

3 ) Do your Research Before Making Trades

4) Stop Loss Orders Protect Yourself From Large Losses

5) Consider Getting Trading Robot That Will Save You Time and Money

I. Don't Over Leverage Your Investment

It's so easy to get caught up in the buzz of FOREX trading , However Leverage is a two edge sword. Leveraging is basically trading more money than you have in your portfolio. For example If you have $2000 in you account some brokers will allow you to buy $50,000 of a currency.

Its better to get the know the market over time than take unnecessary risks. Don't get carried away as you need a steady well thought out approach to make a long term consistent income with FOREX trading.

II.There Is A Time to Quit - Know When It Is

When your riding high on a profitable trade ,many people don't want to sell in the hope there profits will just keep on rising. Well values can fall as well as rise so don't get greedy and lose your gains.

However you don't want to cash in to quick and miss those few extra gains. Some trades you make won't be successful. But over time and careful studding the market trends, you will get a feel for when to start and stop trading. Even Experienced traders have a few losses along the way, but over all they have far more wins that losses and you will too.

III.Doing Your Research Before Making Trades

Research is a word many people don't like, because it involves extra work with no apparent benefits. Well in the FOREX Trading market, having an idea of history and current trends can be the difference between winning and losing. Don't treat the FOREX market like a casino because you will lose far more than you win. Do your research.

IV.Stop Loss Orders For Protection

Stop loss is part of a system that stops you from losing too much of your investment or profit , basically if the value of the currency falls to the value you set in the stop loss , Stop loss will sell and stop you from losing any more profit .

Stop loss should be st up before you start to trade ,and you need to decide the value that the stop loss activates. The successful traders use this safety method all of the time .

V.Consider Getting Trading Robot That Will Save You Time and Money

Well after reading the four rules above you must be wondering if there is an easier way .

Well yes there is, FOREX automated robot software, not only trades on average better than humans it can also trade night and day with no interaction from you. Real live account studies have shown one particular Robot Doubling Profits every month.


Read more!

Eight Tips to make your website profitable:
1. Your website's template and design should relevant to your site’ title and content. You wouldn't want to use a dog graphic header on an e-commerce website that sells cell phones.

2. Whenever you have added new articles and content to your site let your visitors know immediately. You can do this by alerting your visitors using email. This will increase the numbers of people revisiting your web site.

3. Let your visitors know about your email address or even telephone number on your website. This offers a way to visitors to contact you to ask for more information and assistant which will enable you to build good relationship with your visitors. And those who are in the same niches may contact you requesting for potential joint venture for making more money online.

4. Provide an option to your visitors to view your website offline. You can offer it by auto-responder or printer friendly version.

5. Make sure your web content is original and targeted to your audience to avoid being seen as spamming by search engines. Search engines are good sources of high quality targeted traffic to your website in long term. So you don’t want to be blacklisted by them. You don’t need to make your content 100% original, 60% original or higher is safe enough.

6. Give your visitors a good reason to come back to your site. You may try to give incentives to encourage them revisiting your site like providing free games, adding entertaining videos frequently, allowing free downloads such as ebooks and software that are useful to your visitors.

7. Customize you website in logical and profitable sequence. You don't want people to see your freebies before they learn about what products you are offering. Identify what actions you want people to take when they are visiting your website that will make you profitable and then organize your site accordingly to entice people to take that action. If you main purpose is to earn money with cost-per-click ads programs such as Adsense, YPN, etc; you’ll want your visitors to click on your CPC ads to earn money. So you’ll need to place your CPC ads in the areas that will be easily seen by people when they first landed on your home page.

8. If you’re selling products or services or offering something free to use on your website. Don’t forget to add a FAQs section on your website that will answer your visitors and users questions immediately. This will simply make your visitors more happier visiting your site or using your free service as they are getting immediate assistance reading your FAQs.


Read more!

Tuesday, June 1, 2010

The benefits of online forex trading:
1. Before online forex trading, this market was like a private club for investment banks, foreign governments, and extremely wealthy individuals. After all, since currency trades are often open and closed on the same day (sometimes within minutes or even seconds!), it didn't make sense for stockbrokers to trade currencies for their clients. On top of that, there are no commissions in forex, which was another thing that brokers didn't like about the this market. But thanks to the Internet, online forex trading allows individuals to participate in trading from the comfort of their own homes -- no middle man is necessary!
2. The forex is the largest and fastest growing financial market in the world. It's open twenty-four hours a day, it allows traders to have a huge amount of leverage (as much as 250:1), it charges zero commissions, and it can never experience a bear market. And thanks to the advent of online forex trading, virtually every citizen of the free world can profit in the foreign exchange market!
3. Forex is the ultimate market for Internet-based trading. After all, unlike most stock exchanges, the forex doesn't have a physical location -- it's all electronic. So when you're in your pajamas doing online trading, big bankers in New York skyscrapers have no concrete advantages over you.
4. Another aspect of online forex trading that has made it so popular is the ability of personal computers to perform complex charting operations in real time. In the days before the 'Net and high-powered computers in every home, it was nearly impossible to perform these tasks.
5. But what are the benefits of online forex trading to the individual? For one, it allows you to diversify your overall investment strategy. You may choose to keep long-term investments in the stock or bond markets, but still engage in online forex trading with a portion of your holdings. Remember, unlike other financial markets, the forex never goes up or down, so currency trading can be especially attractive during economic downturns in the U.S.
6. Another benefit of online forex trading is there are no commissions! You're never charged $9.95 (or more!) for merely executing a trade. You buy a currency from a "market maker," paying in the form of another currency. The amount the market maker is willing to pay you (the "bid") is slightly less than he's willing to sell you that currency for (the "ask") and this is known as "the spread".
7. One final benefit of forex trading is that it provides small traders with more leverage than any other market. Typical leverage is at least 100:1, meaning you can control $100 in currency for every $1 in your account. Stock margin is just 2:1, so online forex trading offers you up to fifty times (or more!) the buying power of stock trading.
8. Opening an online forex trading account is easy, and there are many providers offering the service. Be sure to evaluate several to make sure they deal in the currencies you're interested in trading. Also, many of these services offer free "practice" accounts that allow you to test your skills with "funny money" before you jump in with real cash. This is a world of opportunity, and the only limits on individual wealth are self-imposed.


Read more!

The Forex market is seen as the greatest investment market in the world by many people. Everyday almost $2 trillion worth of currency is traded.

That is thirty times larger than all the US equity markets combined. There are some winners, a few big winners, but mostly losers. Do you want to learn how to succeed in the Forex market?

Before you can hope to make any money you have to know the rules of the game. There is no reason for you to become an expert before you begin, but you should have a basic understanding of what is going on. That is, if you want to keep your shirt. Most everything can be learned for free on the internet. There are online brokerage houses that will provide you with free trading software. This means you can practice trading in the Forex market with risking any of your hard earned money. After you gain confidence and skills, you can plunk down your real cash and start playing in the big leagues.


Read more!

Monday, May 24, 2010

In my opinion, writing and submitting good quality articles to article directories is the single most best way to drive long term traffic to your site or blog.

1) By writing articles
of high value in your targeted niche you become an expert. This instills confidence in your customers making them want to purchase your products.

2) Writing articles is free, you can write them yourself which after submitted to several article directories will give you quality backlinks to your site. Your articles will get picked up by other websites giving you several links back to your site per article.

3) Viral advertising, no better example than article marketing. The best part is the resources box at the end of your article. This is where you add a compelling offer, talk about yourself, sell your products etc. This is also where you get to leave the url to your site.

4) Residual, long term traffic to your products, site or blog. When you write articles they are indexed and archived in the article directories. People can find your articles and links years after you've written them.

5) Articles provide continuing quality content for your site. When you write these articles, do your keyword research making it easier for people doing searches on major search engines to find them. There are many ways of getting targeted traffic to your site. You should explore as many as possible developing a well rounded marketing plan. However, article marketing remains a very powerful driving force producing long term results.


Read more!

You must not lose faith however. While there are real marketing challenges when it comes to printing booklets, there are also easy and effective solutions to make better and more effective color booklets. In this guide, I will teach you the seven steps in creating better and more effective marketing booklets. Just read on below and see.

1. Improve your cover layout - For booklets, the cover is crucial. That is why it is always important to constantly improve the cover of your marketing color booklets. Do not just reuse what you have been using in the past. Always change your image, reposition titles and generally overhaul the theme of your booklet printing for each batch. I find that creating 3-5 concept designs and then testing it out on friends, family and employees can help in deciding the best and most improved layout.
2. Use more professional images - Another way you to improve your booklet printing is to use more professional images. Do not use clip art or images from the Internet. Try to hire actual photographers and graphic artists to create original images for your marketing booklets. You will see a marked difference in the quality of these images, and I guarantee that those professional images will be more effective at attracting and engaging readers than the clip art and fuzzy images you get from the Internet.

3. Streamline your content - Another point of improvement for most booklets is the content. You will always want to streamline your content so that it is as short and concise as possible, while still being detailed. Include all the important information that you need in your booklet, but do not go overboard and pad it with too many examples for stylistic paragraphs. Just give the important information in the clearest possible way.

4. Effective Image positioning - The position of your images is important in an effective booklet. Do not just place your images at the center. Balance them out and move them from one side to another as the pages of your booklet go on. This adds some variety to the boring text that people will see in your color booklets while at the same time adding symmetry to the layout. Place the images in alternating left and right positions for the best balancing effect.

5. Effective "call to actions" - Do not forget that effective marketing brochures usually have effective call to action elements. If you are selling something like a product or service, it is important to always remind the reader that they can act on what they are reading. So if possible, always add your call to action elements on every end of a section or chapter. Make sure that the text for the call to action is easy to see when put up against the usual booklet theme.

6. Effective booklet sizes - You may also want to improve your booklet by using the right kind of booklet size. For example, if you plan on presenting your color booklets as part of a PR kit, then a big sized 8.5 inch by 11 inch booklet is quite appropriate. However, if you plan on distributing your marketing booklet to a more general audience of possible customers and clients, you might want to print smaller booklets that are easier to distribute. 8.5 by 5.5 inch booklets might be useful in those cases.

7. Impressive booklet printing - Finally, if you really want to improve your booklet printing, you may want to invest in some impressive booklet printing. You can do this by just hiring the best online booklet printing company you can find on the Internet. Make sure you choose the best high quality options in terms of paper materials and inks so that you get the best color booklets with high quality printing.


Read more!

Thursday, May 20, 2010


There are three types of Markets in Global Economic System:
1. Factor markets:
Consuming units sell their labor and other resources to those producing units offering highest prices. It also allocate factors of productions: land, labor, management and capital-distribute income.

2. Product markets:
Consuming units purchase goods and services in product market. Food, shelter, tickets, automobiles and clothing are among the many goods and services sold in product markets.
3. Financial markets:
Performs a vital function within the global economic system. The financial Markets channel saving to those individuals and institutions needing more funds for spending and it is the heart of the global financial system, attracting and allocating saving and setting interest rate and the prices of financial assets (stocks, bond, etc...)


Read more!

What is Market?

What is Market in the Global Economic System?

- It is an institution set up by society to allocate resources that are scarce relative to the demand for them. Markets are the channel which buyers and sellers meet to exchange goods, services and productive resources.
- The Marketplace determines what Goods and Services will be produced and in what quantity through changes in the prices of Goods and Services offers in the market.
- Thus, the terms of supply and demand refer to the behavior of buyers and sellers in the markets:
1. Buyer determine Demand who are willing to purchase
2. Sellers determine Supply who is willing to sell


Read more!

Sunday, March 21, 2010

People who have followed up the Cambodian stock market might be interested to hear about the update of the process. Well, it caught my attention to read today article on ” Cambodia is working to launch stock market as planned in 2009 ” in DAP-News Cambodia.

Cambodian officials said that there are many companies would like to trade on the stock market but they have not been allowed since the drafts on the regulations and conditions have not been issued. The officials also claimed Cambodia is working very hard to launch the stock market by 2009 as planned though there are a few months left. Cambodian government is planning to open the financial zoon especially in CamKo city such as Securities and Exchange Commission of Cambodia (SECC) and stock market itself.


Read more!

Here are some reasons:

1. Not much money are needed.

2. It takes short time to trade and you will see the result in minutes (much faster than building flat to sell).

3. It is a fast cash and can be quickly liquidated (can convert to cash easily unlike selling property).

4. Others…(Please help fill in). I know there are some more.)

Anyway, you need to understand the basic of trading clearly and some tips to do this kind of trading. At least know how to check what you buy, otherwise you will waste your time and loose your money.

Bellow are 10 great ways to learn how to trade a stock as new investor:

1. Open an account with a top online stock broker and use their free tools.

2. Read books on stock market education.

3. Join a online stock community.

4. Go to Seminars.

5. Find a stock mentor.

6. Read Yahoo Finance.

7. Read Investors Business Daily.

8. Watch CNBC during the day.

9. Watch Mad Money and Fast Money.

10. Subscribe to Stock Trading To Go and read it daily.

More detailed is in Stock Trading To Go. Make sense or not, consider yourself.

PS: I am not trying to encourage anyone to trade in stock. Just a matter of stock inquiries for those who are interested :-) .
Good luck with your trading!


Read more!

Saturday, February 27, 2010

Back in the 1980s, if you were going to go on a diet, popular magazines would suggest that you “think thin.” The magazine articles were reluctant to explain what that meant, but people were aware that they were supposed to do it. Adopt the psychology of the thin, whatever that was supposed to be. It follows that, if you want to make money, you would be able to accomplish that by adopting the psychology of the rich, right? As a matter of fact, this is true. In particular, you should internalize the mindset of the accomplished property investor.

Successful property investors are opportunists. They always have their antennae up and ready. They place themselves in the way of information. They “live the life” of the property investor, so to speak. Because of all this, they notice things that others do not.

Ken McElroy, author of The ABCs of Real Estate Investing, part of the Rich Dad book series, says it is all about seeing patterns. If you check out enough properties, study enough areas, talk to enough people, McElroy said, you will start to see these patterns. Then certain things will start to happen. You may start to feel luckier. And, McElroy says, it may be luck, however it is a sort of luck that comes from being prepared.

Don't forget: fortune favors the prepared mind. Opportunity is all around us, but if we don't stay alert, it will be as though it doesn't exist. The alert mind recognizes opportunity.

Ken McElroy stresses over and over again that being successful in real estate is a process. It isn't just something that occurs instantaneously. It's something that you do each and every day. Eventually things begin to happen for you.

A successful property investor focuses on doing a little at a time, on learning this or that thing, or closing this particular deal. It's a “walk before you can crawl” process.

For instance, McElroy says that if you've found a potentially profitable deal, you will be able to get funding for it as others will inevitably want their own share of the eventual profits. This isn't necessarily about skillful negotiation, McElroy said. Of course, those skills can net you an even more advantageous deal on occasion, however you don't need to worry about whether or not you can hold your own when negotiating. Focus on searching for good deals.

Though investors are always considering risk, always aware of it, successful investors aren't scared away by it. They decide whether or not the risk seems reasonable. If the numbers work out correctly, says McElroy, it is a good deal. If it is a good deal, the savvy property investor goes ahead with it.

Easy.

Those who don't understand how to accurately evaluate risk may think that everything is too risky. They make the assumption, for instance, that a larger deal may be too risky for a novice to deal with. They assume that because they think the investor is sinking a lot of personal cash into the deal when, in reality, a larger deal stands to generate greater profit for the participants. For this reason, you may be able to get backing for a deal like that. In the end, not have to put up as much of your own money as you would have on a smaller transaction.

Real estate investment is similar to anything else you might want to learn. Well, for one thing, you first have to learn the ropes. And you learn by doing it. Get out there and examine properties. Visit cities as though you had the intention to make a purchase. Log on to the Internet and read about areas. See what others have to say regarding the real estate climate a particular area. Get to know people. Before long, you will know enough to start considering making a deal. You don't have to have a pile of cash at your disposal prior to entering the game. All you have to do is get out there and enjoy yourself. Everything else will come.


Read more!

Lifestyle Of Traders

Trading can be a very active lifestyle. Whereas day traders spend hours every day in front of a computer monitor scalping small movements in price, the active trader does have a “rich” lifestyle both in money and time.

Lifestyle Depends Upon Trading Style

Professional traders usually make their income from scalping short tick charts, day trading from open to close, or swing trading over a matter of days or weeks. The trading style differs with the lifestyle. Scalpers can profit heavily in just a few hours to have the rest of the day to relax and read up on the markets. Day traders benefit from taking positions when they want through the course of the week, often taking full days off at a time. A swing trader has the luxury of placing few trades every few weeks, allowing for plenty of down time.

Improving Your Trading Skills During Your Down Time

Many traders use their down time to participate in trading seminars to meet new people in the financial world. Trading for the big firms is all about whom you know, and indeed, getting involved in the trading community is the only way to work your way to the top of the trading world. For the smaller investor, time may be better spent on an online home study course to further their trading potential.

Skill-building activities, such as looking at old charts, reviewing failed trades, or sharpening your trend line drawing skills, are a great way to spend the surplus of time trading provides. Developing a trading plan planner is another good way to spend the extra time, as a complete trading plan will give you the confidence to trade, even when the market goes against you.

Trading isn’t just about investing in the markets, but also in your own ability to trade. Locking in consistent profits means more time off and more time to review your trading plan. Bettering yourself at your own job means less time studying and more time off, while bringing in consistent profits.

Earning a Relaxed Lifestyle

To the person on the outside, the financial district appears to be “stressed out” people huddled around computer monitors for the bulk of the day. For many people on the inside, trading provides a profitable career and a relaxed atmosphere. For the home trader, a job as a day trader provides a luxurious income and the chance to be your own boss. The ability to take off work whenever you want easily trumps the consistency of a 9-5.


Read more!

Being a trader is more than just a day job. Traders will often find themselves studying the numbers on unrelated events. After taking the plunge into the world of technical investing, you might find yourself looking for trends and chart patterns on things as simple as a weather chart.

Seeing Charts Everywhere

The professional trader will rarely leave work at work. Trading success with technical analysis will bring a trader to actively discuss key issues after hours, such as late day breakouts or momentum strategies. The markets are a bit of an obsession for the average day trader.

Traders who use technical analysis have the hardest time getting away from work. Everywhere you look there are patterns, specifically chart patterns. After years of looking for patterns on stock prices, it is hard to ignore the patterns in everyday life. Finding established chart patterns in a sea of data is easy for a professional trader. It is very likely that traders become obsessed with numbers and chart patterns.

24/7 Trading Makes Stepping Away Difficult


Because trading is such an up and down event, stepping away from the trading desk can be difficult. With the world markets open anywhere, anytime, 24/7, it is hard to ignore the computer screen in favor of a relaxing event. Even financial freedom is not enough for some traders to ignore the markets; buying and selling can be a lifestyle rather than a simple way to make money.

After years of successful trading, life-changing results, such as a ten-bagger in a retirement portfolio, is usually not enough to get away from the markets. Look at any of the most successful professional traders – even though they have financial prosperity, they are still on a quest for more. Financial freedom is just a status rather than a gateway to retirement.

Find Another Passion to Manage Your Trading One

Finding an activity to do each day is paramount to keeping a level head. Ignore your day trading strategies and the late day breakouts and focus on something you like to do. Many trading firms have game consoles, libraries, and even arcades that cater to their employees. Trader burnout is easy to achieve when you spend hours each day looking at candlestick chart patterns. The constant emotional rollercoaster of watching your positions go from the red to the black and back to red can be nerve-wracking. The best thing to do is find another passion to take you away from the day to day and to something you enjoy.


Read more!

What is FOREX ?

Forex (FOReign EXchange market) is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

The simple sense of Forex (Forex currency exchange, Foreign Exchange) is simultaneous purchase and sale of the currency or the exchange of one country's currency for the one of another country. The world currencies do not have a fixed exchange rate and are always fluctuating being traded in the currency pairs like Euro/Dollar, Dollar/Yen an others. 85% of daily trades are taken by major currencies trading.

Investments usually deal with 4 major pairs: Euro against US dollar, US dollar against Japanese yen, British pound against US dollar, and US dollar against Swiss franc or EUR/USD, USD/JPY, GBP/USD, and USD/CHF used to sign these pairs accordingly. These major pairs are considered as Forex market's "blue chips". You will not receive any dividends on the currencies. Well known "buy low - sell high" gives the profit for currency trades.

In case you have a forecast that one currency would get higher to another you can exchange the second one for the first one and wait for the profit. If you are lucky to see the trades following your forecast you can make an opposite transaction and to exchange currencies back gaining the profit.

Forex transactions are carried out by Forex brokerage companies, also known as major banks dealers. Forex market is worldwide and your European colleagues may make a transaction with Japanese traders when it's time for you to sleep in the North America. There are 3 shifts for the major institutions to work in due to 24-hours a day activity of the Forex market. It's possible to ask for overnight execution for take-profit and stop-loss orders of the client.

Prices in the Forex market fluctuate without any dramatic changes unlike stock market where considerable gaps are likely to be seen. There isn't any problems entering and exit the market due to its daily turnover of about $1.2 trillion. Forex market can not ever be forced to stop. The transactions were carried out even in 2001, on September, 11th.

Foreign exchange market (also called Forex of FX to shorten the name) is the oldest market in the world. It is also seen to be the largest one. Being currencies' primary market working 24-hours a day, Forex is also the largest market with highest liquidity. This is an interbank market carrying out spot (or cash) transactions. The currency futures market, to be compared with Forex is traded only 1% as much.

Forex market doesn't have any exchange center unlike the stock market. Forex trading seem to go after the sun around the world, from banks of the United States to other parts of the world like Australia, New Zealand, the Far East or Europe and back to the US some time later.

High minimum amount of transaction and strict financial requirements used to make this interbank market unavailable for small speculators. The only dealers of currency markets were banks, huge-amount speculators and largest currency dealers. They had an ultimate access to this market dealing with lots of primary exchange rates of the world currencies, the market with an extremely high liquidity along with an unusually strong nature of trends.

Nowadays small traders have an opportunity to purchase the small lots (units), as a result of the large inter-bank units being split by market maker brokers like eToro, at the amount they like.

The traders of any size like small companies and individual speculators have an access to the market at the same price fluctuations and exchange rates which only large players used to enjoy recently. Market makers monitor the rates so that produce their profit on the difference of rates at which the currency was bought and sold.

Foreign Exchange Market has an acronymic name Forex. It has the largest size and the liquidity throughout the world nowadays. Forex daily transactions are carried out at the common amount from 1 to 3 trillion dollars. There is no stock market that is able to deal with a comparable amount of money.

This enormous market is like the dangerous sea where you can meet lots of sharks and dangerous waters but at the same time it is the only one where two weeks of trading can hypothetically bring you $1,000,000 out of $1,000 of initial investment.

This is certainly hypothetically because a lot of newbie traders deal with their trades as gambling, that surely bring them to having nothing in the end. You should always keep the phrase "be careful!" in your mind. This market would give you its profit possibilities only if you learn the basic things hard and make lots of demo trading.

The statistics is that as much as 95% of traders come to losing their money at Forex, 5% have profit and less than 1% of traders make large fortune at Forex. You shouldn't produce, sell or advertise anything trading at Forex. Your assets are your knowledge, experience and a small amount of cash.

This market is a platform for banks, transnational corporations and individual traders to change the currencies they possess into other ones. This is the spot Forex market. At this market you can trade with up to 1:400 leverage which means that you'll get $400 on your account for each dollar invested. So, you can trade with the $400,000 sum having invested $1,000 onto your account.

Still, lots of experienced traders consider such leverage dangerous and won't get started with it. Though, if you know how ho use such high leverage it will do you only good. But this is the place to stop speaking about the basic things. Keep reading these articles if you want to be aware of how this market has occurred and some of its historical matters.

Now it is time to speak about the strategies and the way of making money at Forex some traders use. First we should say that the things that work in one case do not certainly work in another. The fact is that currency trading surely means risk. Still, there are a number of strategies for the newbie to use to be the winner.

Forex trading may seem very easy but it is not. Your high today earnings may turn into considerable losses even of your starting capital tomorrow. Newbie traders are likely to make the same mistakes several times. Here is a list of such typical mistakes.

1. There is no use of searching the "Holy Grail"
This phrase is to think for those who are scared of losses or being too greedy does his best to get rich in no time. You can surely make lots of money during some time and there isn't a necessity of producing and advertising anything but a huge homework is required to learn first. You have to know how this market works and which factors can take the exchange rate up or down. You should also be aware of the effective management for your money not to lose everything.
The majority of traders starting at Forex, look for their ultimate strategy that will cause no losses and will bring only profit. The desire of such people is to make a strategy that guarantees stable profit and millions of earnings in a short time without any losses for them to quit and enjoy their fortune and the new huge house. This will never bring any success.
There is no strategy that will give you only profit and such research is only waste of time. High profits of trading are caused by high risk, and you won't earn a fortune without being on the knife edge. Don't be sure that every trade will close in advantage to you. You will always feel uncertain and there is no way to vanish it. It means that you should always be ready to the possibility of your strategy failing even if it is thought as perfect.

You'll save a plenty of time and nerves by avoiding the search for the perfect strategy of earning millions. Even if you find this strategy you won't ever need it. You'll see why later.

2. Apply fundamental and technical analysis.
At the beginning of my trading I relied only on the money management on which I wanted to base my strategy and saw no sense of these analyses. But money management which is still very important doesn't worth omitting them. You can forecast the direction of the market basing on your technical and fundamental strategies to see their effectiveness.

You'll be able to make forecasts of price movements by applying the past data of the prices and graphs to the technical analysis methods. You can predict future prices with the level of accuracy dependent on your technical analysis skills using the graphs of the rates you observe.

Trading with some brokers you can see technical indicators along with the graphs. You can apply it to your demo account and estimate your prediction skills necessary for planning trading decisions.

It is impossible to choose the most effective indicator among lots of various ones. Each trader has to decide for himself which indicator is best for him. You can't find any magic formula; you just see the graphs, make your forecasts and find out whether they come true seeing the values in the news later.

Your decisions form this formula along with your knowledge that occurs out of the practical experience. Starting trading with an online broker it's best for you to trade with yourself on the sheet of paper rather than invest real money at once.

There are a lot of technical analysis indicators available but here are the ones which are the most wide-spread: the Moving Average Convergence Divergence (MACD), the Bollinger Bands, Pivot Points, RSI, Stochastic, Fibonacci, EMA, Elliot Waves.
The broker's software will automatically make all the necessary calculations when you add the technical analysis indicator to the graph so that you'll see some facts which are unavailable without using these indicators. It is even possible for you to build your own technical systems basing on these indicators.

Fundamental analysis is another tool that maximizes your profit and minimizes your losses on the trades. There are some traders who prefer only one kind but the majority prefers both.
Fundamental analysis means trading following the news, e.g. telling about the economies or unemployment rate in the countries of the currencies you trade. They can also tell about the events that can have a strong influence on the currencies' exchange rate.
You can make forecasts on the market direction by following the news as well.

3. Use the strategies of money management.
Money management strategies let you win or lose. You should use them to be in a profit. Many traders make too vast investments in every trade and this is not always rational and reminds of a saying: "Expect to make too much and you will make too little, expect to make little and you will make a lot." It means that even if you invest much trying to get a lot on every trade you can lose all and even if you make small investments looking for a small reward you can make a lot in some period.

1% of the total sum of your account is the maximum sum of the potential risk. This is the first rule of the money management. Stop loss and limit orders may help you to follow this rule. This may be the reason of the small profit, especially if you have small initial investments, but by compounding a part of you profit or the whole one you can get an exponentially growing income.

This strategy of compound profits is the one that helped to make millions on financial market instead of gambling that results in losing all investments quickly.

Here is the example of the opposite tactics that many traders follow. Imagine that you have an initial investment of $5,000. You're lucky to possess the trading account and you enter a $1,000 trade. In case the markets trends down and you lose your $1,000 your assets become $4,000. You keep following your strategy and enter a $1,500 trade being sure that the market is at its low and hoping to get back your $1,000 plus earn $500 more. Then the market keeps moving against you leaving you with $2,500 on your account which is only one half of your starting capital. This is a very difficult situation to recover from.


Read more!

Thursday, February 11, 2010

Trading discipline is a fast track to trading success. Disciplined, working strategies will statistically win in the long run. But how should you celebrate your trading success and make the most of your wins?

Day Trading Mentality

Day traders who make a quick profit are the first to celebrate trading success. The small intraday movements in price are enough to keep day traders happy with their positions. The most important thing to remember is even with a comprehensive trading plan, losses are inevitable. Statistically, a win only brings more losses, but the biggest trading secret is that a few wins can easily strike out many small losses.

For day trading with a small account, trading success should send the trader to increase his or her stake. Your trading capital must grow over time to cover your own cost of living, as well as provide a “pay raise” over time. To obtain financial freedom, a day trader must have sufficient capital to both weather losses and collect big gains.

The Biggest Fallacy in Celebration

After a big win, the greatest fallacy a trader enacts is changing his or her trading structure. Too many times, an over-confident day trader makes trades based on “gut” feelings, rather than basic trading fundamentals. However, in this scenario, the trader eliminates strategy, instead entering the gray zone characteristic of gambling. Remember, the difference between gambling and day trading is proper money management. Proven techniques and strategies are profitable in the long run because they have set criteria for each trade, rather than just a stab in the dark based upon “gut” feelings.

The Greatest Gift of Success is Education

Learn from your successes. Indeed, the greatest gift of trading success is the education it presents you. Chances are that you placed the trade because of your own trading system and analysis; review the details surrounding your trade (ideally in the trade journal you keep) to develop a core of strategies that will produce winning trades.

Give Yourself a Brokerage “Present”

Boost your own trading profits by topping your account. Day trading with a small account is very limiting. After a big win, add some of your own personal funds to your account to keep your success. Undercapitalized accounts are the first to falter when the market turns. Investing in yourself can be the difference between profitability or simply getting by.

For large wins, you might even consider quitting your day job. Many people have found financial freedom through day trading. If the time is right and you have bankrolled a significant balance, making day trading or swing trading a career can be both profitable and rewarding. Quitting the 9-5 is the ultimate way to celebrate long-term trading success.

About the Author:
Leroy Rushing is an active, professional day trader; trading coach; and eBook author. He is the Founder and CEO of Trading EveryDay, a distinguished provider of educational trading products and services that are available worldwide.


Read more!

Forex Robot

Forex Robot is essentially a completely automated currency trading system that can identify trends and stores for you automatically. There was always a large amount of controversy surrounding the forex robots-due to the large quantities fraud, and on the basis that it sounds good to be true, it is more than likely. I thought it was worth listing some of the features to find out if you are considering investing in forex robot.

Creator Forex Trader

If you are serious about finding forex robot that the product was developed and tested by an experienced currency trader. Search for qualifications, testimonials and proof that the author actually knows what they are doing. It does not make sense to invest their hard earned money into the system, where you can see some tangible evidence.

Demo Account

Ideally, forex robot should be able to create a demo account so you can test the ability of the product without risking any capital. Demo accounts are an ideal starting point for a newcomer to foreign currency trading to get a feel for the forex market.

Fibonacci Formula

Fibonacci formula is the key to successful trading. If you are considering forex robot fails to harass. Fibonacci formula calculates the most profitable time to enter and exit business. It has been shown to work again and again.

Money Back Guarantee

If the forex robot comes with 100% money back guarantee, then forget about it. The nature of each product that promises to automatically results show that there is potential for it to be a fraud. If you are in any case, sure, sure you can get your money back if you are dissatisfied.


Read more!

Thursday, January 28, 2010

Market research is often needed to ensure that we produce what customers really want and not what we think they want. Primary vs. secondary research methods.

There are two main approaches to marketing. Secondary research involves using information that others have already put together. For example, if you are thinking about starting a business making clothes for tall people, you don’t need to question people about how tall they are to find out how many tall people exist—that information has already been published by the U.S. Government. Primary research, in contrast, is research that you design and conduct yourself. For example, you may need to find out whether consumers would prefer that your soft drinks be sweater or tarter.

Research will often help us reduce risks associated with a new product, but it cannot take the risk away entirely. It is also important to ascertain whether the research has been complete. For example, Coca Cola did a great deal of research prior to releasing the New Coke, and consumers seemed to prefer the taste. However, consumers were not prepared to have this drink replace traditional Coke.


Read more!

There are four key point of Consumer Behavior:

* The most obvious is for marketing strategy—i.e., for making better marketing campaigns. For example, by understanding that consumers are more receptive to food advertising when they are hungry, we learn to schedule snack advertisements late in the afternoon. By understanding that new products are usually initially adopted by a few consumers and only spread later, and then only gradually, to the rest of the population, we learn that (1) companies that introduce new products must be well financed so that they can stay afloat until their products become a commercial success and (2) it is important to please initial customers, since they will in turn influence many subsequent customers’ brand choices.

* A second application is public policy. In the 1980s, Accutane, a near miracle cure for acne, was introduced. Unfortunately, Accutane resulted in severe birth defects if taken by pregnant women. Although physicians were instructed to warn their female patients of this, a number still became pregnant while taking the drug. To get consumers’ attention, the Federal Drug Administration (FDA) took the step of requiring that very graphic pictures of deformed babies be shown on the medicine containers.

* Social marketing involves getting ideas across to consumers rather than selling something. Marty Fishbein, a marketing professor, went on sabbatical to work for the Centers for Disease Control trying to reduce the incidence of transmission of diseases through illegal drug use. The best solution, obviously, would be if we could get illegal drug users to stop. This, however, was deemed to be infeasible. It was also determined that the practice of sharing needles was too ingrained in the drug culture to be stopped. As a result, using knowledge of consumer attitudes, Dr. Fishbein created a campaign that encouraged the cleaning of needles in bleach before sharing them, a goal that was believed to be more realistic.

* As a final benefit, studying consumer behavior should make us better consumers. Common sense suggests, for example, that if you buy a 64 liquid ounce bottle of laundry detergent, you should pay less per ounce than if you bought two 32 ounce bottles. In practice, however, you often pay a size premium by buying the larger quantity. In other words, in this case, knowing this fact will sensitize you to the need to check the unit cost labels to determine if you are really getting a bargain.

There are several units in the market that can be analyzed. Our main thrust in this course is the consumer. However, we will also need to analyze our own firm’s strengths and weaknesses and those of competing firms. Suppose, for example, that we make a product aimed at older consumers, a growing segment. A competing firm that targets babies, a shrinking market, is likely to consider repositioning toward our market. To assess a competing firm’s potential threat, we need to examine its assets (e.g., technology, patents, market knowledge, awareness of its brands) against pressures it faces from the market. Finally, we need to assess conditions (the marketing environment). For example, although we may have developed a product that offers great appeal for consumers, a recession may cut demand dramatically.


Read more!

Consumer Behavior means the psychology of Marketing.
Understanding about Consumer Behavior can help firms and organizations improve their marketing strategies by understanding issues such as how:

* The psychology of how consumers think, feel, reason, and select between different alternatives (e.g., brands, products);

* The psychology of how the consumer is influenced by his or her environment (e.g., culture, family, signs, media);

* The behavior of consumers while shopping or making other marketing decisions;

* Limitations in consumer knowledge or information processing abilities influence decisions and marketing outcome;

* How consumer motivation and decision strategies differ between products that differ in their level of importance or interest that they entail for the consumer; and

* How marketers can adapt and improve their marketing campaigns and marketing strategies to more effectively reach the consumer.

One "official" definition of consumer behavior is "The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society." Although it is not necessary to memorize this definition, it brings up some useful points:
* Behavior occurs either for the individual, or in the context of a group (e.g., friends influence what kinds of clothes a person wears) or an organization (people on the job make decisions as to which products the firm should use).

* Consumer behavior involves the use and disposal of products as well as the study of how they are purchased. Product use is often of great interest to the marketer, because this may influence how a product is best positioned or how we can encourage increased consumption. Since many environmental problems result from product disposal (e.g., motor oil being sent into sewage systems to save the recycling fee, or garbage piling up at landfills) this is also an area of interest.

* Consumer behavior involves services and ideas as well as tangible products.

* The impact of consumer behavior on society is also of relevance. For example, aggressive marketing of high fat foods, or aggressive marketing of easy credit, may have serious repercussions for the national health and economy.


Read more!



All sorts of things go on at meetings but it is disappointing how rarely a productive and creative exchange of ideas leads to good collective decisions. Nevertheless, use of assertive technique can facilitate positive and productive meetings.

Meetings produce many of the decisions that affect how you do your job, what your future opportunities are going to be, and what direction your organization as a whole is going to take. If you are able to function well, powerfully, and clearly at meetings, then you can have a positive influence both on your own prospects and on how the organization itself develops.

Chairing

If you bear this manager's formula in mind, it becomes clear how to make the other decisions that arise in chairing a meeting. When someone is rambling rambling Neurology Fragmented non-goal directed speech most often caused by acute organic brain disease. See Organic brain disease, Word salad.
..... Click the link for more information. on miles off the point, when should you intervene and bring him or her back to the agenda? When an argument arises that in your judgment is more of a personal sparring match Noun 1. sparring match - a practice or exhibition boxing match boxing match - a match between boxers; usually held in a boxing ring than a debate useful to the meeting, when should you step in? When someone slaps a suggestion down without allowing due discussion, at what point do you ensure that discussion does take place?

The question to ask yourself is: "What is necessary to be assertive on behalf of the task of the meeting?"

Defining The Task of the Meeting

To manage a meeting successfully you must know what the task of the meeting is, so you must be properly prepared. Familiarize yourself with the agenda and read previously circulated papers. Deluged by printed material, we all have to learn ways of reading that are not unlike the "active listening Active listening is an intent to "listen for meaning", in which the listener checks with the speaker to see that a statement has been correctly heard and understood. The goal of active listening is to improve mutual understanding." model of listening--that is you learn to read very fast and summarize the main points for yourself as you go along.

Only if you have absorbed preparatory materials properly can you identify the "task of the meeting." In Mind Your Manners, John Mole comments dryly on the tendency of some managers to regard such pre-meeting work as optional:

It is not usual for everyone to be well prepared. Even when papers are previously distributed, they will not always be read. Lack of preparation does not inhibit passing of opinion and judgment.

This does not make a good impression on colleagues and competitors.

Control

A meeting brings together people with:

* Information

* Skills

* Representative interests

* Vision.

You have to make sure all their data can be pooled and that the best possible synthesis can take place. You will need to use the skills of "contacting your strength," using the core phrase, and good prompting.

It takes confidence to be a good chair and have sufficient personal authority to keep the meeting on track.

Utilize Core Phrases

Why do participants wander off the point at a meeting? They may want to impress other participants with their ideas and forecefulness. They may be feeling isolated in their work and using the meeting arena as a chance to communicate compulsively.
1. Having the capacity to compel: a frightening, compulsive novel.

2. Psychology Caused or conditioned by compulsion or obsession.

They may be extremely concerned about something that does indeed need discussion but is not relevant to this particular meeting. Perhaps the most difficult person is the one who simply loves the sound of his or her own voice. When you are chairing, it is useful to notice why a speaker is rambling and adjust your core phrase accordingly:

"I can see you're very worried about X, John, but we can't deal with it at this meeting. Bring it up again at the Y meeting. What we must focus on here is..."

or

"I must stop you there. We must return to the point we are dealing with, which is..."

The hooks you may get in return are:

"Let me just finish..." (manipulative ma·nip·u·la·tive
adj.
Serving, tending, or having the power to manipulate.

n.
Any of various objects designed to be moved or arranged by hand as a means of developing motor skills or understanding abstractions, especially in )

"Don't you interrupt me..." (argumentative Controversial; subject to argument.

Pleading in which a point relied upon is not set out, but merely implied, is often labeled argumentative. Pleading that contains arguments that should be saved for trial, in addition to allegations establishing a Cause of Action or
..... Click the link for more information.)

"Well, I must say, no one's ever found it necessary to stop me in my tracks before..." (irrelevant logic)

Show you've heard (but not with too much empathy in case the other speaker wants to wander again) and repeat your core phrase.

"No, we must move on. What we must focus on here is..."

"I understand that. We must return to the point we're dealing with, which is..."

Dealing with an aggressive "Don't interrupt me..." is difficult. Don't get into a "yes you are/no I'm not" argument. Try:

"What I'm saying is that we must get back to the point, which is..."

Sometimes a determined wanderer-off-the-point will just go on talking right Talking Right: How Conservatives Turned Liberalism into a Tax-Raising, Latte-Drinking, Sushi-Eating, Volvo-Driving, New York Times-Reading, Body-Piercing, Hollywood-Loving, Left-Wing Freak Show over the top of your interruption, as if wallpapering over you. Keep using your core phrase:

"I must ask you to stop there..."

and up the ante if you need to.

"I must stop you there."

"Ed, I must stop you there."

"There, we must stop and come back to our main point which is..."

Notice that using the person's name makes your assertive interruption more effective.

If you have to use repeated assertive interruptions like this, you must stay well grounded in good strong body language. You can allow your voice to become more authoritative as you reiterate re·it·er·ate
tr.v. re·it·er·at·ed, re·it·er·at·ing, re·it·er·ates
To say or do again or repeatedly. See Synonyms at repeat.


re·it your point if you want; except in the most exceptional circumstances, do not shout even if the other person has begun to do so. It is much easier to keep control of the meeting if you hold on to your assertiveness assertiveness /as·ser·tive·ness/ (ah-ser´tiv-nes) the quality or state of bold or confident self-expression, neither aggressive nor submissive. and do not let it spill over Verb 1. spill over - overflow with a certain feeling; "The children bubbled over with joy"; "My boss was bubbling over with anger"
bubble over, overflow

seethe, boil - be in an agitated emotional state; "The customer was seething with anger"

2. into aggression.

Good Prompting

If members of the meeting have been slapped down or silenced by other domineering dom·i·neer·ing
adj.
Tending to domineer; overbearing.


domi·neer members, you may need to use your assertiveness to draw ideas out of them. This must again be done in a strategically--and emotionally--neutral way to preserve the objectivity of the chair. Simply invite a contribution and ensure that the person has a fair chance to have a say:

"Janet--did you have a point to make on this?"

"Let's hear the suggestion Peter was in the process of making."

"Alan, you were starting to explain something--could you complete that explanation?"

Making a Presentation

Presenting a report to a meeting can be nerve-racking. Important decisions may be made on the basis of the data that you present. Your personal sense of authorship also makes you feel vulnerable: in a very real sense, a trashed trashed
adj. Slang
Drunk or intoxicated.

Our Living Language Expressions for intoxication are among those that best showcase the creativity of slang. or rejected report leaves you feeling rejected and trashed, too. Nevertheless, presenting a report well is very satisfying, raises your personal profile, and may make a real contribution to your development within the organization.

Report-writing skills and the use of all the visual aids visual aids
Noun, pl

objects to be looked at that help the viewer to understand or remember something
..... Click the link for more information. and design of materials are an important part of any manager's portfolio and must, of course, be learned separately. The assertive skills that come into play when presenting a report are voice quality and body language.

Low and Slow Voice Quality

Remember your basic formula "lowish and slowish." The most common mistake in presenting a report is speed of delivery. If your report is well structured and concise, you can afford to take it at a steady momentum. Do not lose the force of what you are saying by hurrying.

Sometimes you will present a report that is making a strongly felt request, and sometimes you may need to present a report that is highly critical of someone or something. In either case, watch the voice timbre timbre

Quality of sound that distinguishes one instrument, voice, or other sound source from another. Timbre largely results from a characteristic combination of overtones produced by different instruments. . Sounding like you're pleading will not make your case more persuasive, nor will sounding furious make your evidence more damning.

Stay within the assertive/resonant range, and the report really can "speak for itself."

Body Language

Stand Tall and Relaxed. Everybody is looking at you, for at least part of the presentation, so the visual impression you make is very important. Use the absolute body language basics: lift your spine, drop your shoulders, keep the front of the body long, keep the back of the neck long.

Control Emotions

Use the assertiveness principle of "acting over" your emotions. Maybe you don't feel terrified--you need not let your terror show. Terror is an emotion you can share with your speaking partner later on. If you have practiced assertiveness, you have the specific skills to retain an appearance of calm and control, whatever is going on inside.

Make Frequent Eye Contact

Sweep your gaze across all the faces in the room fairly frequently (at least every two or three minutes "Three Minutes" is the 46th episode of Lost. It is the twenty-second episode of the second season. The episode was directed by Stephen Williams, and written by Edward Kitsis and Adam Horowitz. It first aired on May 17, 2006 on ABC. ) so that you have at least some eye contact with all those present. Some people are far more receptive than others and will return your gaze and interact with what you are saying; some will always avoid your eyes. You must be politically alert here. Avoid the temptation to address yourself mainly to any listeners who are nodding, smiling, and receptive,--it may look as though you are in some sort of private collusion An agreement between two or more people to defraud a person of his or her rights or to obtain something that is prohibited by law.

A secret arrangement wherein two or more people whose legal interests seemingly conflict conspire to commit Fraud with them. Be aware.

Control Your Hands

"What shall I do with my hands?" is the constant cry of anyone called upon to make presentations. If your hands seem to be a terrible liability:

(a) clasp CLASP - Computer Language for AeronauticS and Programming them loosely behind your back or in front of you for most of the time, and

(b) avoid fidgeting with them.

Once you have acquired competence in sticking to those two rules, you may find that you develop your own expressive and individual vocabulary of gestures. Such natural movements are not a liability at all.

Coping With Catastrophes

We have all attended or given presentations where disasters have happened. You fall over your own feet on the way to the flip chart flip chart
n.
A chart consisting of sheets hinged at the top that can be flipped over to present information sequentially.

Noun 1. ; you drop your notes in a cascade, which is then irretrievably ir·re·triev·a·ble
adj.
Difficult or impossible to retrieve or recover: Once the ring fell down the drain, it was irretrievable.


ir
..... Click the link for more information. out of order; you left the transparencies in the taxi; the electricity fails--all the stuff of standard Freudian anxiety-dreams and all things that can easily happen in real life.

Assertiveness is invaluable--you simply say what you feel, you negotiate for time if you need it, and you report on what you are going to do next: three core phrases one after another. It gives you a chance to "act over" feeling panicky and flustered flus·ter
tr. & intr.v. flus·tered, flus·ter·ing, flus·ters
To make or become nervous or upset.

n.
A state of agitation, confusion, or excitement. ; conversely con·verse 1
intr.v. con·versed, con·vers·ing, con·vers·es
1. To engage in a spoken exchange of thoughts, ideas, or feelings; talk. See Synonyms at speak.

2. , it gives you a way of saying that you are flustered, while holding onto your dignity.

But only do it if you are sure it is not giving power away. Otherwise, save your personal commentary on your nightmare presentation for the ears of your speaking partner.


Read more!

At its most basic, assertive behaviour involves successfully dealing with potentially conflicting situations It means that you can resolve conflict, or if not resolve them outright, or that you can compromise with another person or find a middle ground without either party suffering from undue consequences
At its most basic, assertive behaviour involves successfully dealing with potentially conflicting situations. It means that you can resolve conflict, or if not resolve them outright, or that you can compromise with another person or find a middle ground without either party suffering from undue consequences.

Seen from a broader perspective, however, assertiveness is also a means of personal development. Many of us usually prefer subsuming our own rights and needs just to avoid conflict. An equally good number of people would rather keep quiet and prefer to submit to the demands of loud and aggressive people because we do not like the alternative of conflict-ridden situations or outright fighting.

Good communication can diffuse potential conflict

First off, it would be helpful for you to recognize abusive, controlling or manipulative behaviour for what they are. The reason many people prefer not to assert themselves is because they are sometimes accused of overreacting. Though this can be a valid response to our expression of our own needs, this does not diminish our right to refuse.

By all means, express yourself, and express your disapproval or refusal to do something that another person asks you to, but don?t shout or scream it back at the person.

Speak in a tone that is calm, cool and collected. This enables you to keep your head and gives you the space to formulate reasoned arguments just in case you might be called to account. Of course, you are not expected to justify your decisions, much less to try to explain to other people why, for instance, you are not responsible for finishing their work or perform errands for them. After all, you have responsibilities of your own.

But sometimes, being able to successfully communicate can also help to pave the way for a more meaningful and fruitful relationship with others.

How does this work? By calmly explaining to another the reason for your disagreement or refusal, you lay down your points in a non-emotional manner. Many individuals who act in an abrasive or aggressive way often do so without realizing it. By showing them that you are not simply being contrary but do have valid reasons for your actions, it can often serve as a check on their own behaviour.

It?s a mild form of ?walking in another person?s shoes? ? when the other person realizes that you have your own demands, needs, and opinions which are equally valid and important as their own needs. Many times, this can be sufficient for others to stop throwing their weight around too much.

Good communication can clarify your own values

What if it doesn?t work and another person becomes even more demanding? Remember that you can only successfully control your own actions. You cannot control the actions of another person. If they choose to be angry or difficult, then let them be.

Ultimately, the greater benefit for you is the clarification of your own needs. When you express your personal values in a clear and rational manner, you gain the benefit of a good solid grasp on your own values. You define your own boundaries and your limits. This inner clarification is sometimes a greater advantage in the long run than blindly resisting the manipulative or coercive behavior of other people.


Read more!
Related Posts with Thumbnails