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  • Add You - Commodity Broker: What You Need to Know to Select the Right Broker for You

    Short Term vs. Long Term Marketing Efforts: An Overview
    If you want to increase profits and boost sales, you should concentrate on both long term as well as short term marketing strategies. While short-term strategies are easier to implement, their effect rarely lasts beyond a few days. Long-term marketing efforts need a well-planned strategy, as well as making your website a top ranked one on search engines. This article discusses both long term and short term marketing strategies, especially with respect to online marketing.Short Term Marketing Efforts:Short time marketing efforts include discounts, promotions, advertising, etc. We discuss some of these strategies here.1) PromotionsMentioning your product on online forums, chat rooms and newsgroups is one way of promoting your business online. On the downside, these campaigns are not planned well, and cannot maintain go
    a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour C

    Tell A Friend About Viral Marketing!
    Do you know what happens If a person has a good online experience?They just might pass it on to a friend while encouraging that friend to forward it to their friends.That my friends is what makes viral marketing so powerful.There are many free advertising resources available to online marketers. What most people do not realize is that they can get their marketing message sent out to a targeted group of people by using viral marketing tactics and best of all, it's free!So what is viral marketing all about? By following these suggestions you may find that viral marketing can be an effective part of your marketing campaign.1. The most common type of viral marketing is when people share quality experiences with friends. Some examples are software products, online services, online marketing tools, free advertising
    It has been said many times. Futures trading should be treated as a business. Part of this business involves qualifying the right commodity broker to facilitate your trading activities. The correct selection will help to make your futures trading experience enjoyable and hopefully profitable while the incorrect choice can bring frustration and probably costly consequences. By profiling a number of commodity brokers you will begin to see the differences and be able to discard the less desirable of the group. If you take the time and do the homework you will be rewarded with a long-term satisfying business relationship between you and your broker.

    The following list of questions is designed to provide a consistent process of qualifying each firm. Most of the information can be obtained from the respective commodity brokers website. Some will require email questions or personal contact.

    Question #1 - Is the commodity broker an IB or FCM? This information is useful in determining whom you are dealing with. An IB (Introducing Broker) must use an FCM (Futures Clearing Merchant) for trade clearing and order execution among other things. If you are considering opening an account with an IB then you should realize that your money will be held by the FCM not the broker you are working with. This is not bad, it means that you should also qualify the FCM.

    Question #2 - How Many Years in Business? The main consideration here is the fact that just like any other new business, the odds of failure are very high in the first five years of operation. Stick with an established firm.

    Question #3 - NFA and CFTC Data? The NFA and the CFTC are the regulatory bodies charged with the task of regulating and monitoring the activities of the members and registrants. All brokers must be registered. This group conducts Complaint investigation and regulatory action against members. You should take the time to visit the NFA website at www.nfa.futures.org/basicnet/Welcome.aspx. Enter the Commodity brokers name and document any Regulatory actions and any Complaints. You can also use this site to find out when the firm applied for registration. This will give you a pretty good idea of how long they have been in business. If you are profiling a firm that has regulatory actions or a large number of complaints, you may want to consider moving on to another commodity broker.

    Question #4 - Minimum $$ to Open Account? This will vary greatly. In my experience the range is $0 to $10,000+. It depends on the type of trading you do and the markets you trade. The least amount required is not always the best way to go and should only be a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour Cu

    How To Escape the Rat Race, Build Passive Income and Live the Life You REALLY Want
    Let's face it: Most of us are stuck in jobs that make us feel bored and uninspired. We do it because we think that we have to. After all, no job means no money. Many of us feel trapped in trading time for money. We feel like a hamster running endlessly around the wheel. We either bang our heads against the wall trying to figure out how to change things or we resign ourselves to our current plight, hoping that the promise of a blissful retirement will make all of this worthwhile. But, the sad truth is that 95% of us don't ever experience a retirement that is as happy or fulfilling as we would have liked. The problem is that many of us are stuck in an old paradigm. The idea of working nine to five with benefits and a pension is slowly becoming outdated, as it was spurned in the industrial age, which has now passed. With the advent
    list of questions is designed to provide a consistent process of qualifying each firm. Most of the information can be obtained from the respective commodity brokers website. Some will require email questions or personal contact.

    Question #1 - Is the commodity broker an IB or FCM? This information is useful in determining whom you are dealing with. An IB (Introducing Broker) must use an FCM (Futures Clearing Merchant) for trade clearing and order execution among other things. If you are considering opening an account with an IB then you should realize that your money will be held by the FCM not the broker you are working with. This is not bad, it means that you should also qualify the FCM.

    Question #2 - How Many Years in Business? The main consideration here is the fact that just like any other new business, the odds of failure are very high in the first five years of operation. Stick with an established firm.

    Question #3 - NFA and CFTC Data? The NFA and the CFTC are the regulatory bodies charged with the task of regulating and monitoring the activities of the members and registrants. All brokers must be registered. This group conducts Complaint investigation and regulatory action against members. You should take the time to visit the NFA website at www.nfa.futures.org/basicnet/Welcome.aspx. Enter the Commodity brokers name and document any Regulatory actions and any Complaints. You can also use this site to find out when the firm applied for registration. This will give you a pretty good idea of how long they have been in business. If you are profiling a firm that has regulatory actions or a large number of complaints, you may want to consider moving on to another commodity broker.

    Question #4 - Minimum $$ to Open Account? This will vary greatly. In my experience the range is $0 to $10,000+. It depends on the type of trading you do and the markets you trade. The least amount required is not always the best way to go and should only be a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour C

    The Role of Collaboration Technologies: Investing in the Personal Relationship
    Over the past several years the use of web-based collaboration tools, such as web conferencing services and extranets, has grown dramatically in support of the increasing number of work groups with geographically dispersed members.These tools have allowed organizations to tap the resources of employees, consultants and vendors in real-time, regardless of their location. Additionally, they have dramatically decreased the cost of serving clients and made more accessible a larger universe of prospective customers.But at what cost? The danger is that reliance on these tools may reduce the power of personal contact. As the use of online collaboration to support relationships continues to grow, it is critical that organizations integrate a personal touch.One strategy is to re-invest the savings realized through the use of technol
    that you should also qualify the FCM.

    Question #2 - How Many Years in Business? The main consideration here is the fact that just like any other new business, the odds of failure are very high in the first five years of operation. Stick with an established firm.

    Question #3 - NFA and CFTC Data? The NFA and the CFTC are the regulatory bodies charged with the task of regulating and monitoring the activities of the members and registrants. All brokers must be registered. This group conducts Complaint investigation and regulatory action against members. You should take the time to visit the NFA website at www.nfa.futures.org/basicnet/Welcome.aspx. Enter the Commodity brokers name and document any Regulatory actions and any Complaints. You can also use this site to find out when the firm applied for registration. This will give you a pretty good idea of how long they have been in business. If you are profiling a firm that has regulatory actions or a large number of complaints, you may want to consider moving on to another commodity broker.

    Question #4 - Minimum $$ to Open Account? This will vary greatly. In my experience the range is $0 to $10,000+. It depends on the type of trading you do and the markets you trade. The least amount required is not always the best way to go and should only be a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour C

    What Can You Do When Your Mind Refuses To Write Your Sales Letter?
    You need to write a sales letter but you can't find the words, the harder you try the less comes to mind. In the end you're left miserably staring at a blank piece of paper - What can you do?Many people have told me that they face this kind of problem when it comes to writing their sales letter. No matter how hard they try and think about writing their letter they just can't seem to get things moving.It's really frustrating and can happen to us all from time to time but there's a great way to get those ideas flowing and break out from the mental blocks. Let me ask you something first though...Do you know your product?I mean really know your product.You see in order to be able to sell something you really have to know it in intimate detail. For instance how can you sell the benefits of Liposuction unless you ar
    spx. Enter the Commodity brokers name and document any Regulatory actions and any Complaints. You can also use this site to find out when the firm applied for registration. This will give you a pretty good idea of how long they have been in business. If you are profiling a firm that has regulatory actions or a large number of complaints, you may want to consider moving on to another commodity broker.

    Question #4 - Minimum $$ to Open Account? This will vary greatly. In my experience the range is $0 to $10,000+. It depends on the type of trading you do and the markets you trade. The least amount required is not always the best way to go and should only be a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour C

    Debt Management Relief - Perhaps Your Last Chance to Avoid Bankruptcy
    Piling up debt to a point that you may be forced to file bankruptcy is unfortunately, a fairly common occurrence. People from all social and economic classes have simply forgotten the tried and true principals of our forefathers that a penny saved is a penny earned and the result has become an avalanche of debt issues that have forced families into filing for bankruptcy.Of course, it's not always your fault, unforeseen factors such as an illness or loss of income due to loss of work and other factors all come into play but regardless of the why you are between a rock and hard place financially you need to do something about it. And the sooner the better.Debts can come in any number of ways from the most common like, credit cards, mortgages, and medical bills. On the other hand, if you are fortunate to have a little equity in your
    a small factor in your decision. Whatever you do only use risk capital!

    Question #5 - How will I receive Account Statements? This question is used to determine your own personal preference. The variations are almost endless. Just be aware that some futures brokers expect you to download your statements when you want them. They do not send any statements to you. The other side of the spectrum is the futures brokers that mail your trade confirmation statements and monthly statements. I prefer the electronic statements so that I can verify trades in a timely fashion. Most will provide real-time online account information.

    Question #6 - 24 Hour Customer Service/Trading Desk? The average online trader gives far too little importance to this issue. Not having a reliable backup trading avenue is like driving without a spare tire. No Big Deal until you have a flat Right? Maybe your computer crashes, maybe you have suddenly lost Internet access, maybe the trading platform is not functioning. You need to be familiar with the trading desk and it's operation. Be aware of possible added costs to use the Trading Desk.

    Question # 7 - Multiple Trading Platforms to Choose From? Some Brokers offer their own platform. This will usually be offered at no cost to you. Other Brokers only offer third party fee based platforms. And finally, some offer both their own and third party platforms. In addition to the costs, if any, your major concern should be reliability. The more active trader you are the more important this is. Nothing worse than being in the middle of a trade and the platform freezes or hangs. You do not know whether you have an order in or not! Take your time to probe for the answers to this question. There are at least 5 widely used third party platforms out there. The costs vary greatly, from cost-per-trade to monthly fee plus cost per trade. Also remember that if you need live streaming data you will possibly be charged the Exchange Data Fees. Do your homework on this one so there are no surprises.

    Question #8 - Commissions and Fees? Now it gets complicated. You will have to muster all your detective skills and patience to get through this one. The plain truth is you cannot blindly believe what you find on the websites and you probably cannot believe what the live body tells you. No they would not lie to you, they just are not telling you everything. With few exceptions, I can guarantee that you will not find full disclosure of trading costs on any futures brokers website. The space limitation in this article prevents the detailed listing of all the cost related possibilities. I suggest you contact the perspective commodity broker and run through a simulated trade asking for a breakdown of costs associated with the transaction. Be sure and make the simulated trade a full round turn transaction.

    Question #9 - What else can I get and is there a Charge? Just visit any commodity brokers website and you will see the free gimmicks they use to entice us to open an account. Charting, research, newsletters, educational materials, webinars, live futures trading news services, pamphlets, booklets, leaflets, trial subscriptions etc. I think you get the idea. Focus on what is important to you. If you are interested in Charting, have them send you some examples.

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