What Are the Best Trading Systems for Beginners?

Let’s take a look at some of the different types of strategies and systems that you can use in the Forex market.Indicator drivenYou know the type. You’ve just read about it in one of the Forex forums out there. When the 27SMA crosses the 51EMA and the PSAR is under the price action, then the stochastic crosses all while the moon is high in the sky and, by the way – this system is only suitable for trading in the morning.It’s obvious that these kind of trading systems are never going to work, yet so many people feel the need to try them out. Well if that’s you, good luck. You’re going to need it.Trading systems that rely on a load of indicators all over your charts are never going to work long term. They’ve been designed by someone who happens to notice that it’s working right now on a currency pair or two, on one particular timeframe. It’s also worthwhile pointing out that these trading systems and strategies that are designed and posted in trading forums are usually the work of unprofitable traders, who are still jumping from strategy to strategy.My advice, avoid at all costs. You’ll save yourself loads of heartache and money.Old school technical analysisYou could try the old school technical analysis that’s been around for as long as anyone can remember. There’s ascending triangles, consolidation breakouts plus head & shoulders patterns, flag patterns and all the other patterns from technical analysis 101. Well the good news is that this stuff works. It has done for generations, and is very likely to keep working well into the future.The hard part is that a lot of newer traders simply find this style of trading boring, or not as exciting as an indicator driven system. They feel that the more complex the system, the more likely it is to be their holy grail.There’s a very good reason why old school technical analysis is still around, it’s because it works, and plenty of experienced profitable traders use it in their own trading.One of the major downsides to using old school technical analysis as a trading system is that as a trading approach, it tends to be lower success rate, which a lot of people are unwilling or unable to deal with. Of course with this approach being a lower success rate, the winning trades are typically very large, which makes the system profitable.Overall, old school technical analysis is something that you need to learn, as it complements a lot of other trading approaches, and really gives you a solid foundation in the Forex markets and beyond.Some guru’s latest flash in the pan strategyIf you buy my latest and greatest trading system NOW, I’ll personally guarantee to you that you’ll never lose a trade again; you’ll only ever make money and turn your computer into an automated cash machine.Yeah, right!Unfortunately the market is awash with these so called ‘guru’s’ that have never even traded in their lives, yet will more than happily sell you their latest unbeatable trading system.This is an obvious one, it’s not going to make you any money, but it will make money for the guy that’s selling it. There are some good educators out there, but they are few and far between.Before you choose which trading Education Company you use, make sure they have proof of trading results of their trading systems, and experienced traders who have spent time and money in the markets.Harmonic trading patternsHarmonic trading is the art of recognizing particular price patterns in line with Fibonacci extensions and retracements to calculate turning points in the financial markets. Blow your mind yet? Harmonic trading is far from being the easiest way to trade the Forex markets, yet it could be one of the best trading systems out there due to the high reward:risk ratio’s and the fact it can be traded on any market on any timeframe.Harmonic trading patterns probably shouldn’t be your primary focus if you’re new to trading, as learning how to trade these patterns does take time and a lot of learning. For traders who are already in the market and looking for something else to add to their toolkit, harmonic trading is worth a look.Price action trading strategiesSo here we have it, I confess, my favourite, and in my opinion one of the best trading systems you can learn. Price action trading is the reading of the raw price action on a chart. The price is the most up to date information on the chart, so traders should really focus most of their attention and learning on the price action.There are lots of different price action patterns such as pin bars, inside bars, engulfing bars, inside bar fakey, not to mention all of the candlestick patterns such as hammers, shooting stars and so on. There may seem to be a lot, but quite a few are actually very similar, and do the same things. A Forex trader armed with these price action trading strategies in their arsenal has the ability to trade any market on any timeframe, as price action setups are effective in all market conditions.Price action trading can also be used alongside other types of trading strategies such as harmonic trading, standard technical analysis and almost all other trading systems. Price action trading is one of the best trading systems because it can improve the effectiveness of all other strategies, by improving entry criteria, and reducing stop losses.ConclusionIt’s fair to say that so long as you stick to something like price action trading or old school technical analysis you can’t go far wrong. Be warned about all those different indicator systems out there in the forums, and make sure that you get your Forex trading education from a company with live trading results, and experienced traders.One final thought…Make sure that you pick a trading approach that is likely to resonate with your personality. It may take a couple of attempts, but once you find one that you like and can become consistent with, stick with it. One of the biggest issues newer or beginner trader’s face is chopping and changing between different trading systems. Don’t get caught with that one. If you want my recommendation, price action trading is one of the best trading systems, every single time.

All About Small Business Loans – How to Get Them

If the business employs less than a hundred, is owned and operated independently, and not the market leader in the industry where it belongs, then it is considered a small business. These are some of the criteria of the U.S. Small Business Administration (SBA) defining a small business.One of the most common problems of a small business owner is the lack of funds to maintain, run and expand the business. If you have this problem, then these frequently asked questions will guide you in making your business survive through the support of a business loan.What is a Small Business Loan?A small business loan is the type of loan that lends money or funds to a small business owner so he or she can operate the business. It is also made available for individuals who wish to start a business.Small business owners may use the amount borrowed for the establishment, construction or renovation of the business, acquisition of the necessary equipment, and for operational expenses such as payroll.While a small business loan refers to a loan for the business itself, the personal credit history of the business owner will strongly determine if the bank or lender would give its approval to the application. Thus, a small business loan is also termed as a personal loan granted to small business owners.How to apply for Small Business Loans?When you apply for a loan, your loan provider will look into your personal credit history. You, the business owner, should also be able to project a sense of deep commitment to your small business. The lender will gauge your willingness to put a portion of your personal funds to help the business prosper. Be prepared also to present a loan security or collateral such as a house or car. What’s more, your educational background and expertise are also important factors for your business to be granted the loan.The small business owner is also required to submit a business plan. A business plan is a written proposal which details the nature of your business, marketing strategy and contains a financial report. This document should also include how the business will generate income and support its operational expenses in the coming years. Moreover, the business plan should be able to convince your loan provider that you can pay the loan within the stated date of payment through the profit realize from the business and its expected continuous growth.Remember that lenders need to make sure that the business can survive to pay up the loan and that its owner is credible enough to guarantee that the business is well planned to prosper.Where to apply for Small Business Loans?You can apply for a loan traditionally, which means going to local banks and government funded organizations. Even your local cooperatives have facilities for small business loans.You may also apply for a loan online. Online application for a business loan is easier and convenient for a small business owner. You no longer have to waste time scouting for the best loan arrangement in the market. All you need to do is visit various websites and compare the rate and application requirements. However, make sure that your target small business loan provider is credible to avoid problems later on. A national bank with online capability is the best choice.

Building Your Business Brand – Do You Have To?

Does your business have a brand? If your answer is no, we think you need to read this article. However, if your answer is yes, we think you need to read this article too.Businesses don’t have brands, they are brands. A brand is an identity. A brand can be a company as a whole, or it can be a specific product or service, but they are all collectively termed brands. Here are some examples of well-known brands.• Pepsi – it is a company, a product, and it is the brand.
• Apple – it is the name of the company, and one of the world’s strongest brands
• Jaffa Cakes – a biscuit made by McVities. Both the biscuit and the company are leading brands.
• Madonna – is a woman, and recording artist, and a brand
• The Beatles – a music group, a group of four men, a brand.We’ve used these examples to highlight an important point about brands. They are not the names of companies, they do not necessarily represent a specific product or type of company and a brand is not just a name or a logo, or slogan.Brands are all of these things. They are the collective recognition of an object or organization because of its level of notoriety, fame, public perception, desirability and reputation. The brand is always described by a word or title, or an image which could represent the company, person, object, product or service.This may all sound very like a Marketing 101, but there is an important purpose to it. We see so many clients who have misunderstood the concept of a brand and as a result, have missed opportunities to build their own. In the context of your business, your brand is your business. It is what your business represents to its customers
through the products or services it sells. The size of your business is irrelevant, and it does not matter which industry you are part of. The important aspect is that you need to project an image to customers, and this image is your brand.A good marketing agency will help you to build your brand in order to attract the right customers, keep customers and grow your business. This is done using a variety of techniques and tactics.Content creation is used to give your brand a voice, and it is the way your brand communicates with its audience.SEO is the method of increasing your brand’s visibility to its target audience so that potential customers looking for a similar brand will be attracted to yours.Social media makes your brand accessible and gives it a personality. Engaging customers give brands the opportunity to get to know their customers, and vice versa.Your website is your brand’s online head-quarters. It is where your brand shows itself in its best light, and it is where you give people the information about your brand so that they become customers.Your logo is the graphical representation of everything your brand represents.Building a brand reputation is a specialist area so if you have no experience of it then it is best to hire professionals to help you. Reputation management, internet marketing, SEO and PR are all ways to effectively build your brand recognition and increase your brand’s attractiveness to customers.The goal is to build trust and connections. The whole purpose of business is to make money, you don’t need to apologize for this or hide it behind clever marketing. People understand the nature of business. We are all consumers. Your brand is how you make your business stand out against all the other businesses fighting for attention online. By working with the right internet marketing team, you will be able to build a strong, well respected brand that has a loyal following of customers and advocates. Isn’t that what very business wants?So, to answer the question in the title of this article; Do you have to build your business brand? Yes, you do, because your business brand is your business, and you need to properly build your business, don’t you?Check Out Latest Video For More Information – http://www.youtube.com/watch?v=iyCPtT0hDb8.