There are many websites out there that make promises that lead one to believe that Forex trading is so easy, you can just set a computer program to do it for you and enjoy the rest of your day. What these sites are not telling you is that the success rate that these programs have is roughly 55%, which means, at the end of the day, you pretty much break even.
The programs themselves are called robots, named for their seemingly automatic performance of a task that takes some kind of intelligence to do. What they offer people is a quick fix for something that should never be takes so lightly.
Trading your own money is serious business. It is crucial that when you do so, you do so with care and thought first. I read an article several months ago in FX Week, a popular Forex Market periodical that showed the results of a test that MIT students conducted.
MIT is a notable US University, the Massachusetts Institute of Technology, where some of the brightest and most talented mathematicians and scientists can be found. The students took a monkey, a 2 year old, and a Forex Robot and pitted them against one another in several Forex Trading tests.
The result of these tests was fascinating, the 2 year old, who had a video game like controller, doubled his money in four hours while the monkey – using the same controller, lost about 30%. The Forex Robot made 3% in the same period having a wider variety of Forex currency pairs to choose from. The next tests limited them all to one currency pair and the controller that the child and monkey used could open and close the position – the Forex Robot was programmed to only focus on this pair as well and they set a 1 hour timetable for the test.
The end result was that the Robot failed and the child, once again had the most success. They all lost value overall, but the child lost less than 4% whereas the Robot had an 8% drop and the monkey a 20% drop. So, the lesson you can learn from this, do not waste 200-300 Dollars on an automatic program – Forex trading is more complex than that and to truly succeed, YOU need to make the decisions.
And while it seems that Forex trading is child’s play, you still could do a lot better if you knew what you were doing.
Using Video to boost your business marketing efforts is becoming more and more important. In a recent article in the New York times it states that online ads are booming when they are associated with video, with alot of the new websites starting to look like television rather then newspapers.
Other key matters mentioned in the article include:
People (i.e. your consumers) are using the internet in a different way now.
With broadband penetration becoming ubiquitous and more and more sites having this easy capability, people are expecting video to be there.
The growth in video consumption has spurred investment and interest in video production.
Among Web sites operated by newspapers, The New York Times, Gannett and Tribune each reach more than a million viewers a month with video streams.
Beyond news sites, video is now the fastest-growing segment of the Internet advertising market. Digital video amounted to $477 million in revenue in the first half of 2009, up 38 percent from the same time period in 2008, according to the Interactive Advertising Bureau.
In the five-year outlook it released last month, eMarketer said that video ads would be the “main channel” for major advertisers seeking to increase their online spending. Already, ads for companies like Johnson & Johnson and Unilever pop up often on sites like MSNBC.com.
Web executives say some clients think of online video as an extension of TV, and others think of it as an enhancement — one that allows for interactive messages and instant feedback from viewers.
So don’t get left behind, and be sure to start using (online) video to promote your business!
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Drive down your local street and you see the signs; the economic “recovery” is taking out a lot of your favorite businesses. Maybe even your own business is struggling. Don’t let it fail. Here are 10 things you could do right now to find extra cashflow:
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A corporate video script should include your company's core messaging in a clear, concise way. You can choose to develop the script in-house or work with a professional video production company. If you decide to write the script
O'Shea tells us about his background, how he ended up becoming a drag racer and what inspired him to do so. He also talks about how to get into the sport of drag racing and some good info on the classes he races in the sanctioned race organization, PMRA.
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