Why You Need to Develop Your Own Trading System

You can find many trading systems strategies everywhere. There are many free strategies you can find in trade articles, newspapers, books and related websites. You can buy some of them as a program or subscribe periodically.

Beginner traders say they do not have time, competence, talent or even brains to help them trade properly. That’s why they prefer to subscribe to a trading system for hundreds – and in some cases for thousands of dollars. They say they will do nothing but receive orders that tell them what they buy, when they buy it and how much they buy, if they need to buy. Some ask me whether it is advisable to use Forex Scorpio Code Review strategy or approach in trading in financial markets. To answer this question I will have to think about the advantages and disadvantages of using this approach in trade.

There are reasons why a trader can use a strategy or system developed and tested by another person:

1. It is easy. Rolling novice does not need to study how the market works and how it interacts with the market. He will not need to teach himself: he will not need to bother himself by reading books or attending seminars. He would not need to test the system, because the seller did so for him and gave him reports about the results and promising real or virtual ill.

2. Rolling novice hopes to get the trading system at the ‘opportunity’ price: sometimes free.

Trade risk using a system or strategy developed and tested by another person is as follows:

Forex Scorpio Code
Forex Scorpio Code

1. Systems failure

There are some systems that contain defects. The defect involved may be because its assumptions and mandates are no longer valid, accurate or valid. As a novice trader, you will be able to distinguish between good and bad systems if you do not know how to build trading systems.

2. Discipline and trust

All systems go through periods of decline. Some good systems may not earn money for six months or even a whole year. So if the system is good, can you continue to follow it even if you cause a loss after a loss after a loss? How can you follow it if you do not trust it? How can you trust it if you do not know system inputs and outputs and have not tested it yourself?

I personally do not think that people will follow the trading system blindly even if they are told that it will bring them great fortunes. I can give someone a trading system, which I can give you with amazing real or virtual results and yet will not be able to follow up with him.

I remember that I gave my father a fully automated trading system that you developed. I told him about some simple rules and told him not to argue about them. We both traded for two months, my small account I managed to develop by about 50% (by coincidence two good months), while my father lost. He wondered why. I asked him to see the trading records. When I looked at the records of his trade he found that he had not followed the rules. When I asked him why he broke the rules he told me that he wanted to improve the results after he suffered two consecutive losses. He was trying to improve the results. According to him, the regime asked him to do some things that I think are not true in light of certain market conditions, so he did not follow them. I also found some errors, including opening positions at the market price instead of buying and selling using stops placed at support and resistance levels. I also asked him to execute trades at closing, but he often traded two hours before or after closing at his own discretion. There were many other rules they breached. He is essentially a smart man: he worked as a former civil engineer and now runs a major organization. So why not follow the instructions? Forex Scorpio Code Download simple. He did not know the underlying reasons behind the rules that he had set for this he did not appreciate. His money was at stake and after a series of losses he had lost confidence in the system faster than I did because he did not develop and test the system himself. To overcome the above risks, I can only find a way for a trader to learn how to develop a self-trading strategy. This is the only way that a trader can tell whether a system or strategy is valid or not.

Once a trader learns how to develop systems and strategies, he can also test them. At this point he may find it better to use the system he has established because it will be increasingly difficult to find a more appropriate system for his profitability goals within his risk tolerance levels. Once he develops the system to a reasonable level of efficiency, it is likely that he will get other trading systems just to dissect them and get the parts he liked to add to his own system. To me, ironically, in order for the trader to know which systems to buy, he must first learn how to create the system. After he knows this he will not need to buy another system.

In closing, I would say that if you do not tend to learn how to develop your own trading method, it might be better to give your money to someone else to invest. Give it to a person who trades using Forex Scorpio Code Scam system he has developed and tested himself because then he will have the confidence and courage to follow the rules he sets up.

Ten steps to achieve a successful sale and satisfy customer needs

The key to a successful sale is to determine which motives have made the customer come to you to discover that you are offering him a sale offer to convince him
And asked to buy it where you satisfy his needs. This process can be divided into ten steps from the bottom up (up) in the following table and we now present an introduction to marketing and target customer before we get into the topic today

Digital Cash Academy
Digital Cash Academy

  
What is marketing?

Marketing is a group of activities carried out by individuals and organizations to facilitate and accelerate transactions and exchanges in the market in the context of the environment and market conditions.

Marketing focuses on the needs of customers through integrated marketing efforts resulting in good expectations of customers’ needs and satisfaction of these needs, in which the objectives of the organization are achieved through customer satisfaction.

The sale process is part of the marketing efforts, but it focuses on the product of goods or services, through the efforts of sales and promotion, and achieve the objectives of the institution through the volume of sales.

From the previous definition we find that marketing is based on the following efforts:
1. Identify the target customers.
2. Studying their characteristics, behavior, and life and purchasing habits.
3. Identify their needs, desires and aspirations.
4. Direct the efforts of the establishment towards the production of goods and services that satisfies these desires, both in quantity and time, and with the appropriate quality of Digital Cash Academy target group of customers.
5. Directing the Foundation’s efforts to inform this category of the availability of goods.
6. Direct sales efforts towards the use of appropriate methods for both the product and the customer.
7. Directing the establishment’s efforts towards measuring customer satisfaction.
8. Direct the efforts of the establishment towards ways to increase the satisfaction of employees in order to retain them and add new customers.
9. Direct efforts towards appropriate pricing.

Who is the target customer?

Are the group of individuals or institutions that meet the following conditions:
1. They have a desire to buy (or need).
2. They have the ability to pay for it.
3. They have the ability to make decisions.

The investor should not waste his resources or his time with the wrong customer, and sometimes he will have to deal with more than one party in the same deal where the person who determines the need is different who has the final decision.

How do you compete with others’ products?

1. Try to be different
2. Make improvements to what others offer
3. Create new ideas

1. Try to be different

The only alternative to entering into a conflict is to offer something different from what others offer, so that the customer buys from you, attracting a segment of the market that targets this difference.

This means that the product or service you offer must be unique, and you should know it and know it to your customers.

This distinction must not be based on fraud, because the client is intelligent, and he will know that sooner or later.

2. Make improvements to what others offer

This is an alternative approach to inventing new ideas. For example, the Singer sewing machine did not invent the machine, but added the development of the mechanical movement of the man instead of the hand. The rice paddler Bani Mazar also introduced the 5 kg package, and after he noticed that it was easy to open, he devised the five kilogram bag in two bags of 2.5 kg bag and then wrapped it in one bag.

3. Create new ideas

Tamimah is an example of innovation where it buys patents, manufactures them in small quantities and markets them through a special and innovative marketing system.

Persil also invented a solution to the problem of color change after repeated washing, increasing the demand for its products.

Excellence in customer service
How to excel in service delivery
Among the most important commandments for excellence in customer service and preservation are the following:
1. Customer is the most important person in your organization.
2. The client does not support you, but you depend on the customer, and you work for him.
3. The customer is not a source of inconvenience to you, the customer is your business objective.
4. The customer will help you when he visits you or calls you.
5. The customer is part of your business, just like anything else in your stock of products, employees, and place of business. If you sell your business, customers go with it.
6. The client is not just a rigid statistical number. The client is someone who has his feelings and emotions just like you, so he works the client better than you would like him to be treated.
7. The client is not the person to argue with.
8. Your job duty requires you to work to satisfy the needs and desires and expectations of your clients, and to do as much as possible to remove their fears and the causes of their complaints.
9. The customer deserves the highest attention and polite professional treatment that you can offer him. 10. Customer is the lifeline of your business, always remember that without customers you will not have a business, you are working for the client.

Pricing:

The right price for the commodity is the price that achieves a quantity of sales that helps achieve the objectives of the establishment.

It is noted from the definition that it is not directly exposed to the cost, but that the achievement of the objectives of the establishment – including profit of course – makes the pricing process cost indirectly.

It is noted that a clear price reduction may lead some customers to prefer our product, but this may not be the best solution in all cases, especially for the small project. And other competitors may be provoked by this policy and join us against the Digital Cash Academy By JR Fisher goal of getting us out of the market.

There are many methods of pricing such as:

1. Add a profit margin to the actual costs.
2. Calculate the value of the item or the maximum price the buyer can afford.
3. Commitment to prevailing market prices (determined by market kings).
The appropriate method of the small project is derived from the appropriate price definition, and starts by identifying the price that the target customer segment is willing to pay, buying in quantities that cover the costs and make a suitable profit, and examine the compatibility of this price with prevailing prices.

Advertising

The consumer will not know that you have opened your project unless you reach it and tell it, and you will not know the quality of the goods you produce, their composition, and their prices.

Care must form and shape and distribution of the declaration .
The advertisement shall be successful if it achieves the following objectives:

1. Attract attention.
2. Stimulate attention.
3. Create desire.
4. Direct towards the verb (purchase).

An appropriate means of communication, such as magazines, newspapers, television and radio, road advertisements, direct correspondence, and interviews, should be taken care of.

There are useful means of advertising for the customer such as pocket notebooks, pens and others, and their impact is noticeable in advertising and remember the name of The Digital Cash Academy advertiser.

It is also important to note the importance of repetition in the declaration, and in many cases the response rate is about 1% of the target population.

Stages of the purchase process

1. Discover the need. ( I am hungry) .
2. Find alternatives (Foul and Ta’mia restaurant – Cheese sandwich vendor).
3. Differentiation between alternatives (cost – taste – saturation).
4. Determine the appropriate alternative (making a decision to buy from a particular place).
5. Evaluation after purchase (the food was healthy – the service was good).

Marketing representative errors

1. Ignorance of the product
2. Wasting, cunning and customer time.
3. Poor interview planning.
4. Urgency.
5. Lack of confidence.
6. Inappropriate.
7. False or exaggerated promises.

The best 6 methods of online marketing

Internet marketing is an integral part of any online business, so we thought Lurn Summit would be useful to list some of what we consider to be the most important means and techniques of Internet marketing, which we use here in Digital Business.

Marketing through writing articles

Marketing via writing articles has many advantages. A well written and acceptable article that contains useful information that can attract hundreds of visitors. You can also get lots of external links to your site. As a writer, this increases the chances of people knowing you, and increases the chances that readers will read your articles in the future. Maintaining the length of articles in the range of 400 to 600 words and posting the article in your blog or other popular sites such as news magazines or technology will also increase your chances of success.

Lurn Summit
Lurn Summit

Video Marketing

Video marketing is now an important tool to reach wide audiences because most people prefer watching a video instead of reading an article. Making professional video will not cost you much. Tools like Animoto can enable you to create good and effective video with eCom Crusher presentation and sound effects. Then upload the video file to video sharing sites, such as YouTube, and remember that to improve the ranking of your video in search engines, put some keywords in the title and description.

Marketing of elephants

Avalite marketing is when someone outside the company markets products and services by writing articles and reviews that promote a product or service in the name of the merchant. The most popular marketing opel programs include Amazon Store and Clickbank. From the point of view of online marketers, avallet programs are an excellent way of income. You can easily join such a program, choose the product or product you want to market and start promoting it using the link provided by the network. This link will contain a special number which will be used to track your sales automatically. The Company will then pay you a commission for each sale resulting from you according to the agreed percentage offered for that product in the manner you specify upon subscription. Clickbank gives the highest percentage of products available to it, sometimes up to 75% of the selling price. You can find additional information about the affiliation of Clickbank in other topics in this blog.

Marketing through social networks

Social media marketing means harnessing social media like Facebook, Twitter, StumbleUpon, Apple, Delicious and LinkedIn, where friends exchange information, to market products and services. YouTube is the most powerful and important tool you can use to market your product. The advantage here is that when a large number of people arrive at the product and find it useful, you will be accepted as an expert in your niche. By the way, you will have a very fast growing up now, and you can get a large number of visitors on its way

Marketing through the Mandates

Cross-forum marketing can be very profitable if used properly. Users are usually in need of help. If you are accepted as an expert in your field, you can profit a lot because users feel comfortable buying your own products or using your services, thus increasing your revenue. Much more than the investment you make in terms of effort and time.

Email Marketing

Email is one of the best and most successful marketing methods ever. Although this technology is considered traditional today, it is still an effective means of marketing the products and services. Although many successful international companies may not use all of the above in their marketing programs, there is not one company at all that does not offer a subscription service in its newsletter which it uses to promote everything, including its pages on various social networking channels. The basic feature of the e-mail is that it facilitates the process of communicating directly with the marketed company and asking for its services or products or inquiring about Is Lurn Summit a Scam, that is, it is an effective means of direct selling. While other techniques are more related to the attraction and drag (to the company’s website) and the promotion and education of a product. The best companies to build a mailing list and email marketing are:

Aweber
Benchmark
MailChimp

What do you think? Do you use other methods than what we have listed for marketing on the network? Share it with us We love to hear from you.