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Found 7 results

  1. Hello everyone, For all the newbies out there, our team of experts at FxNet have written down some useful tips that can improve your day-to-day trading. Please see below: Always put a Stop-Loss to your order Trading without stop-loss is one of the most common and expensive mistakes of beginning traders. Always set a stop-loss to the amount you are willing to loose for every trade, otherwise you will see your account getting wiped out in a short period of time. Always put a Take-Profit to your order Not entering a take-profit can be just as dangerous as not entering a stop-loss. If you don’t enter profit targets and you just wait until it “feels” right to close the trade, then it can easily reverse and turn into a losing trade. Don’t put too tight or too wide Stop-Loss Depending on your trading style as well as your time of trading, you should always adjust the width of your SL accordingly. In general, during news trading your stop loss should be wide enough to absorb the market volatility and any spread widening that might occur. Trading news with stop loss of 10 pips is almost always a losing trade. During normal market conditions, you should use wider stop losses for longer timeframes and tighter for smaller timeframes. Don’t risk too much of your capital at once Another common mistake for new traders is risking too much capital on a single trade. In general, you shouldn’t risk more than 5% of your capital on a single trade. This way, you would have to have 20 consecutive losses your account to be wiped out. Have a proper risk-reward ratio Choosing a risk-reward ratio depends on your trading style, but it should never fall below 1:1. A 1:1 ratio means your stop-loss and take-profit is of the same width (for example 20 pips SL and 20 pips TP). In this case, you would need at least half of your trades to be successful in order to break even. A 1:2 ratio means your take profit is twice of stop loss (for example SL 20 pips and TP 40 pips). In this case you would need only one third of your trades to be successful. Focus you attention on selective currency pairs Don’t try to trade on a large amount of currency pairs. If you stick to a few pairs then you will better understand their characteristics by studying their history and you are more likely to predict their movement. Trade with logic and analysis, not with emotion and hunches Being a successful trader simply means increasing your probability to win than to lose. Trading without some basic technical analysis or a trading system is not much different than gambling. There are many ways to increase the probability for a trade to be successful. Knowing even the most basic tools of technical analysis and being able to spot buying and selling signals can greatly enhance your trading experience as well as your profits. Best of luck and kind regards, The FXNET Team.
  2. Hello, Now you got a couple referrals. But you notice they are not earning you money! That's usually what happens. That's because most people think once they have the ref the work ends. Not true. Follow these tips to keep your refs and get them earning you money. Once you get a ref make sure to contact them ASAP. Thank them and offer to answer to questions they might have. This goes a long long ways. Make sure they don't overwhelm themselves. Don't tell them every way to earn all at once!! 1st contact should be Thanks and offer of help. 2nd contact should be Offer advice on only 1 feature of the site and answer any questions. 3rd contact should be 1 more feature. and so on. Don't spam your ref's send a message wait a day send another. Only exception is to answer you refs questions. Build a friendship with your refs. Friend them on social media. Talk about none GPT things. Have a laugh. This goes a long ways. In short, remembers Getting ref's is only ½ the battle. Use these tips to keep them. Check out my youtube vids. http://youtu.be/bQ7WL3eHveM Feel Free to leave your referral links anywhere on my channel. This gives me cred, and you a new place to post ref links. Hope this helps kicks703
  3. Hello, If you like watching videos for money on GPT sites then you want this info. Most the video offers across many sites reload at midnight EST. That's right at midnight EST is when most videos are up. if your a night owl then you might want to try your luck then. Hope this helps Kicks703
  4. Hello. If your looking into making money with GPT sites don't fall for the referral trap!! Before I started GPT sites I looked up some info (I should of spent more time on research). I found a few site talking about GPT sites saying the best thing to do is join as many as you can!! And they provide a list for you!! So I did that. I wish I didn't. Here is the trap. These sites make a big list of their referral links then hype up about how much money you will make. It's a trap to get you as refs. Even worse some of these sites ask you to pay them for their ref list!!! So after a week of just bouncing around from site to site and not making anything, I knew it was time to change. When you join many GPT sites you waste most of your time just jumping from site to site and you don't earn. What I suggest is be active in no more then 5 site. This way you have time to focus on each site and really learn what they have to offer. You will notice that your making money now with this simple change. Once you picked your five favorite sites, I'm not saying not to join more. its always good to explore. Just remember to not overwhelm yourself. Hope this helps. Kicks703
  5. Hello, Your probally like me and want lots of refs right? Well getting refs is 1 of the hardest things to do. Here are some tips for getting refs. 1 Do your research (most these GPT site offer cash searches take advantage of this when researching how to get refs) I spend lots of time doing research. Trying to find what works best. Its worth the time. 2 Download a free screen recorder and make how to youtube vids. My research showed youtube is the number 1 place hands down for refs. 3 Post on social media sites but don't spam. Promote your site once or twice a week. If you do nothing but promote on your FB or whatever people start to ignore what you post. 4 Lead by example. Put the work in and earn your checks. Show them off. This is a good way to get friends and family to join. 5 Be active in forums like this. Again don't just spam your ref links around. Engage, share your knowledge and learn some stuff. Reply to other posts. post about other things with out your ref links. This goes a long ways And sometimes you even make new friends. 6 Add your ref links as a signature to emails and forums. This works well I find 7 Make fliers and business cards. Put fliers at high traffic long wait areas, like a collage, or a park that holds lots of events. Give business cards to everyone you meet. These are my tips I hope it helps. Share yours, we would love to hear them. kicks703
  6. Hello all. If your new to survey/GPT/PTC sites it can be overwhelming. Most people don't even know where to start. I always suggest these tips. 1 When joining new GPT site don't try everything all at once. Instead pick 1 feature like surveys and stick with it till you know the process. Then move on to anther feature. its less overwhelming this way. 2 Always be honest when filling out surveys or offers. These places are smart and have many security features to catch people cheating. they get banned. Be honest, play by the rules. 3 Look for forums, blogs or chatrooms you can get many answers to you questions here. 4 Always clear your cookies before doing offers or surveys. This will help a lot!! 5 Learn how you can earn on your smartphone with these sites. On the Go, at work in your spare time. You can watch vids on your phone, cash searches, some surveys and offers. Take advantage of your down time. Those are the basic I tell most people when talking about GPT sites. What are your tips? kicks703
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