Elliott Wave Theory – The Myth and Reality

Posted on May 31st, 2009 in Currency Trading by admin

Elliot wave theory enjoys massive popularity - being described as advanced technical analysis, by many brokers and publishers.

Elliot wave theory has a huge and devoted following - shame the theory has no basis of sound logic that can help you make money!

Let’s look at Elliott wave theory in more detail and then look at sensible market analysis.

The theory was named after Ralph Nelson Elliott, who concluded in his book “natures law” that the movement of financial markets could be predicted by observing, and identifying a repetitive pattern of waves.

Elliott’s Profound Observation

Elliott came to the stunning conclusion that all natural phenomena are cyclical - and this includes the financial markets. This is true, but we know that anyway - we know that at some time in our lives, we will feel rain when we venture outside, the question is when exactly?

So, markets are cyclical - big deal! What we want from an investment theory, is the probability of the event - i.e. when is it most likely to occur.

Elliott wave theory is an objective investment theory - but there isn’t any objectivity in it at all!

It’s all a subjective interpretation of peaks and troughs, in any time frame you like!

Does this sound a logical predictive theory to you?

The Theory

Based on rhythms found in nature, the theory suggests that the market moves up in a series of five waves and down in a series of three waves.

The difference between the Elliott wave principle and other cyclical theories is that the theory suggests no absolute time requirements for a cycle to complete - well that’s a lot of help!

The subjectivity is so great in Elliott wave, that like most theories, everything is explainable in hindsight - but the difficulty is actually predicting the future.

There are so many interpretations of the actual peaks and troughs in various time frames, that everyone will see them differently, this is hardly the basis of a predictive theory.

Elliott wave theory claims to be able to predict the market - but gives no objective way of doing it in practice.

Who uses Elliott Wave Theory?

1. Investors who want an easy way to make money, and are attracted to the mysticism of such tools as the Fibonacci number sequence, to predict market retracements.

2. Investors who believe in the false assumption that you can predict market behavior in advance - and want an easy way to make money.

How Markets Really Move

Market prices are a reflection of the following:

Supply and demand fundamentals + human psychology = price action

This looks simple, but is in reality, complicated equation - which is impossible to predict in advance.

Trading markets via technical analysis is all about putting the odds and probability in your favor, and no more than that. It is NOT a way of predicting the future.

Are there better theories than Elliott wave around, for making money from the markets? - A good exercise would be to poll the entire top performing fund managers in the world and see how many of them take the theory seriously.

Predictive and subjectivity don’t mix!

The Elliott wave theory is a predictive theory that leaves everything to subjective analysis.

If Elliott had worked out a predictive theory, why didn’t he give an objective way to make money from it? - Like most predictive theories it doesn’t work.

If all investors could predict the market in advance, we would all know what was going to happen - and there would actually be no market at all, as we would all know the market price in advance!

Elliott wave theory is supposed to be a predictive theory, but the only thing you can predict with it, is you will lose your money.

a FREE forex Trading Account

Adsense Income…3 Easy Steps!

Posted on May 31st, 2009 in PPC Advertising by admin

1. You need to sign up for an Adsense account. It’s a simple process, but you will have a short wait while your site is approved. Once your website is approved you are free to use Adsense ads on any site you have, but just because you don’t need to have the other sites approved you will still need to make sure you are following the Adsense terms. They are very strict and if you are caught breaking their terms you stand the risk of having your account suspended.

2. Building your pages will be your next step. The key to this is finding a keyword that has a lot of demand, but not a lot of competition. If you want to go the free route you can use nichebot to find the demand and the competion. If you have the money you will get a much better selection of keywords with Wordtracker. You want to use the keyword in the title of your page and in the body of the page a few times. For content you can write your own or you can visit an article directory and find a good article to use on your page, if you do that look for an article that has your keyword in the body a few times. If you do use someone elses article be sure there bio is included on your site, that is the reason they allow you to use their article.

3. We are ready to add the Adsense ads to the site now. You are allowed to use three ads, A good placement of the ads should be one at the top of the page, one vertical ad on the right side, and one ad at the bottom. If you decide to use just one ad I would put it at the top of the page. The Asense ads will have a border around them, but most people remove that by changing the color of the border the same color of the page, so if your page is white just change the border color white and you won’t see the border. You want the ad to blend in to your page as much as possible.

Ok, now it’s just a matter of just waiting for traffic and you can start getting paid each time someone clicks on the Adsense ads. It may take awhile to get your pages indexed, so in the mean time you might need to write a few articles to get a little traffic to your site. There are other ways to build sites, some people use programs that will build thousands of pages quickly, but I think the search engines have been able to identify most of those types of sites so I don’t recommend using them. If you are looking for a faster way to get sites up I would recommend buying some of the ready made Adsense sites, Most of them are well built with all the bells and whistles and not very expensive.

Good Luck!

Google money making made easy

Golf- Learning And Perfecting The Basics

Posted on May 31st, 2009 in Golf by admin

Golf is the one game that bridges perfectly the gap between the corporate world and the sports world. Loved by both the business and sports community alike, this great game has really become quite popular. If you desire for whatever reason , business or sports, to learn how to play golf , you must first learn the basics and perfect them.

Learning the basics is very important in golf. It’s like building, if you don’t get the foundation right, it doesn’t matter how beautiful or high the building is, it will eventually come down. Getting the basics right and perfecting it, in my opinion is what makes great golfers like Tiger Woods who they are. Tiger started playing golf at a very young age, he learnt and perfected the basics and today he is reaping the benefits.

Learning and perfecting the basics helps you to really know the game and be a great player. The secret of success in life in any endeavor lies in the simple and basic things. Success in Business, for example, is all about providing what people need when they need it. It’s that simple, yet not many people get that simple principle right but those who get it right are the most successful. That’s why the world’s richest main are not those with complicated degrees but those with simple business plans. In Golf also, success is in the basics. Basic things like, the swing, the clubs and the course.

The Swing
There is nothing so basic and yet so important in golf as the swing. The swing is what differentiates great players from ordinary players. Every player’s most important thing in golf is learning his swing. Golf is simply about swinging a club, hitting a ball towards and eventually into a hole. The swing is what makes the winner. Everybody has access to the same kind of clubs, they are sold everywhere, the same kind of course but not the same swing. You must learn how perfectly to control the ball with your swing. Swings are perfected with practice. The control of the ball is in the swing. So there is a need for you to really work on your swing and perfect it. Of course the basics of how to hold the club , how to stand and how to drive the ball can be generally taught but the perfect swing that yields the perfect drive you will have to cultivate yourself.

The Clubs
One of the very important golf basics is the golf clubs. You must know your clubs well. Know which to use at what distance in which condition and for what purpose. This knowledge separates the top players from the usual players.

The Course
Though there are special regulations guiding the construction of a course, professional golf players will tell you that courses differ one from another. Knowing and mastering the course is important. It’s what lets you know how to hit your ball, where to hit it and where to avoid. Great players take time to examine each course before playing in any tournament. Knowing the course well may be what differentiates the winner from the others eventually.

Success is in the basics, learn and perfect the basics and your success in golf is guaranteed.

Drop 7-10 shots from your game garuanteed! Order Yours Today!

Did I Choose The Best Laptop Computer

Posted on May 31st, 2009 in Computers and Technology by admin

Did I choose the best laptop ?

Keys to choosing the best laptop computer :

Who is the laptop user? When choosing a laptop computer, it is important to understand who will be using it.., school student, college student, professional businessman ,office worker, etc.

Where will the laptop be used? For heavy mobile users such as college students and professionals, size, weight and battery life are very important. So when looking over the reviews and relevant specs, keep those factors in mind. The average high school student uses a laptop from room to room in their house, and have loads of access to AC power most of the time. So for these users, the factors listed above may not be as critical.

How will the laptop be used? The more mobile the user, the more durability is needed. Heavy users ie sales reps spend a great deal of time start and shutting down their laptops every day. an average heavy user will open and shut their laptop computer 5 times a day. Although that may not seem alot of wear and tear, there is also the issue of general handling. Heavy users will be traveling from location to location, in and out of cars,on and off planes etc on a constant basis. This increases the likelihood of damage to the laptop computer, via dropping, bumping and banging, drink spills on the keyboard, etc….

Should I buy a service contract for my laptop? the answer is YES. When you think about carrying around a fragile piece of electronics costing $1000 or more, the price of a typical service contract is a bargain. for a relatively small price $100 per laptop computer, its worth it to for you peace of mind.

.How much should I expect to pay for a laptop? It used to be hard to find a quality laptop under $600; however, this is no longer true. There are several companies with great offers, starting around £300. The options / upgrades you select have a large impact in what you can expect to pay. Having a list of what you want in a laptop, such as memory, speed, hard drive size, burners, etc..will help when you go shopping. Although online laptop computer manufacturers allow a great deal of customization, the general public are easily serviced with a “off the shelf” standard laptop computer.

What Laptop Brand Should I Select? the worlds your oyster in this respect with the amount of laptop computer manufactures out there,with different colours and sizes its everyones personal choice , I myself find that acer have all the features which service my needs.

You could win a new Gateway Computer!

Work on the go, win a MacBook.

6 Essential Tactics To Maximizing Your Affiliate Profits!

Posted on May 31st, 2009 in Affiliate Revenue by admin

Here are six essential practices to maximizing your income as an Affiliate Marketer!

If you are like most new affiliate marketers, you have signed up as an affiliate and posted links and are actively promoting products but you are making few sales. Here are things that you can do to start making real profits:

#1 – Build your own Website:

You need to build your own website to promote the products. Make sure it has its own paid for domain name (mybizsite.com), not a free site like (mybizsite.othersitename.com). If you have been using free hosting, people looking at your site will not take your business seriously. If you don’t know how to build a website there are many services that offer simple website building programs for a small fee or you can hire someone build a site for you. Check out elance.com where website designers will bid for the opportunity to build a site for you!

#2 - Write reviews of the products you are promoting:

You need to know the products you are promoting! It is crucial that you purchase all the products you are promoting so that you can write honest reviews about them. Let potential customers know that you are using these products and why they are worth buying! You then need to post these reviews on your website, in your newsletters and in articles.

#3 – Get yourself a Blog:

I recommend that you get a Blog and link it to your website. This will allow you to create discussions on the blog about the products you are selling and list any updates to your regular website. Blogs that are updated and posted to regularly (I recommend every other day) are indexed quicker by the search engines than are new websites, and after the blog is indexed, the pages you have linked to the blog will also get indexed. This is a very powerful way to get your site indexed and to get more links to your website. I recommend posting link to your website at the end of each post you make to your blog. This will give you even more links to your site

#4 - Write Articles:

One of the best ways to become an expert on your product is to write articles on the Internet and include a link to your website in the resource box. There are many places to submit articles and the more you write the more exposure to your website; more click thorough of your affiliate links and purchases of the products you are promoting which will in turn make you more money.

#5 – Join forums on the internet related to your products:

Go to google and search; forums (your affiliate products), Join the forums you find After you join the forums make sure you use your signature in your posts and threads .You then need to have your website links in your signature line. Make sure you post regularly! It is important to post relevant and useful information in the forums. You will find an incredible amount of free, useful information in the forums. They are an indispensable resource. I highly recommend this tactic! Signature links are also indexed by the search engines and will provide you more links to your site thus increasing your ranking in the search engines and driving more traffic to your site!

#6 - Use text links not banners or buttons:

Due to the enormous use of pop-ups and flashy banners that we see each time we visit a website, It’s much more professional looking and effective to have a text link with a few lines about the products you are promoting. Stay away from banners and pop ups, Most web surfers are sick of pop ups and have pop up blockers built into their browsers

Utilizing all of the above mentioned tactics will help your affiliate commissions grow
Significantly!

Webmasters - EARN CASH

Make More Money with Neverblue - Better Affiliate Marketing

Auto insurance & the internet - a marriage made in Heaven!!

Posted on May 31st, 2009 in Insurance by admin

The internet is all about information, and, more critically, the ability to compare facts, data and information from several different sources quickly and efficiently.

Arguably, as a direct result of this simple fact, nobody has felt the effects of a potential customer’s ability to find, check and compare such data than companies trying to sell services (as opposed to products) online.

Unlike a physical product, a service is not tangible, you cannot pick it up, feel it, or touch it. Thus, a service provider needs to supply the maximum amount of information, because the more information the potential customer has, the more confident he is likely to be when making the buying decision.

What better way to do this than via the worldwide web?

A perfect example of this is the automobile or car insurance marketplace. In the past, if you wanted to get the most competitive quotation for your car insurance, you had to “shop around” by trudging from one insurance broker or company’s office to another, or by getting on the telephone to do the same thing.

The problem with this was that it was often difficult, if not impossible to know whether you were truly comparing like with like. There were (and, to a large extent, still are) so many potential variations from one company’s policy to another that it was almost impossible to know whether the two policies that you were comparing really did offer identical levels of protection and benefits.

This was not always a bad thing. For example, all car insurance companies tend to “load” the premium (i.e. charge extra) for “young drivers” to be included on a policy, which can be bad news for parents using the family car to teach their son or daughter to drive. However, Company “A” may define a young driver as someone below the age of 18, whereas Company “B” will use a threshold of 21 years of age.

If your child was 19, the chances are that Company “A” will be the best bet in these circumstances.

In other words in the old days, it was absolutely necessary to “read the small print”, to avoid ending up with a automobile insurance policy that really did not meet your requirements, although it appeared at first as if it did.

Coming right back up to the present day, whilst the small print is still extremely important, the internet has effectively ensured that it is no longer so small! It is now possible to make meaningful and accurate comparisons of exactly what two companies are offering with their car insurance policy at the touch of a button.

You are still “shopping around” but you are doing it at our own speed, from the comfort of your own home.

Source:
auto insurance quotes here

Next Page »