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For many people the ultimate dream is to escape from the rat race and work from home. To some people who have achieved this dream it has turned into the ultimate nightmare!

With the every day stresses of life, work and commuting, working from home can appear to be the way out, but it is not as easy and idyllic as it sounds. If you are seriously thinking about setting up in business on your own and working from home, what are the pitfalls and what can you do to avoid them?

Understanding Your Motivation

It can be too tempting to stay in bed for ‘a little longer' when you are working at home. The need to get up and beat the early morning traffic or to be at your desk by 8.30am is missing when you only have a short walk to your new place of work.

If you are to be effective in your new work environment you have to find a motivator which is sufficiently strong enough to get you up and about and at your desk by your appointed time. To find out what your motivator is cast your mind back to why you wanted to work from home in the first place. Was it to spend more time with the family? Was it to give you freedom to pursue other interests?

If you don't find these strong enough to get you out of bed, find a financial reason. Visualise you and your family being thrown out of your house because you couldn't up the mortgage payment! Keep this image in mind and the next time you find yourself staring at the bedroom ceiling raise this image and you'll quickly find yourself at your desk!

Establish a Routine

We are all creatures of habit and a set routine can help keep us motivated and focused on the job in hand. Set yourself a starting time, a tea break and lunch break etc. A set routine can help you settle into your new role much more quickly than a ‘let's see what happens today' approach. Without a working schedule, which includes a finite finishing time to the day, your working day will be unfocused and could stretch late into the night, ending what ever social life you may have.

You're All Alone

Working from home can be a lonely existence. As human beings we are born to seek out contact with other humans. In an office environment there is daily contact, quick 10 minute chats at the coffee machine finding out what colleagues did the night before, and someone to celebrate a big sale with. All of this is essential to making our lives feel complete and yet this is missing from a home-based business.

To overcome this feeling of isolation, which will be especially pronounced during your early months, you must establish a network of people who are in the same position as you. Agree that you will talk on the phone at least twice a week, and arrange to have lunch or a quick coffee once every 2 weeks. Your family may not be the right people to talk over a business problem with, so you have to find someone who can relate to your successes and problems.

Get Out of The House

Staying in the house Monday to Friday without seeing the light of day is certainly not good for your health or state of mind. You may be so focused on your work that you convince yourself you cannot afford the time to leave the house. But this is a false economy. You have to schedule time to move out and experience a different environment.

As well meeting your fellow home workers for a regular get together, join a health club, go for a swim once or twice a week, go to the cinema, check out your local Business Link to see what seminars they are running - anything to get you out of the house! Don't get trapped into only working, eating and sleeping in your home.

Be Mobile

These days you can do most work-related tasks away from your home desk. Once your business is established invest in a laptop, PDA and a good mobile phone. Armed with these devices you can take your office with you and work from your garden, the local park, or even the library. It doesn't matter where, just as long as you are out of the house and being around the rest of the human race.

Create an Office

If you have been used to working in a formal office environment all your working life, then switching to the kitchen table or the spare room can be an unwelcome distraction. To give you that discipline and focus designate a part of the house as your office. If you have a spare room or study then even better. Buy a desk and office chair, filing cabinets and other office-style stationery. Remove all family and home-related items so this tells your mind that you are at work and not home.

Get Organised

In any office you have too many colleagues and clients visiting you to allow your work area to get cluttered. At home it's different. Unless you are expecting clients on a regular basis then it's too easy to allow your paperwork and filing to get out of hand. The saying that a cluttered desk leads to a cluttered mind is true. Your efficiency and productivity will suffer unless you are organised. Buy filing cabinets, box files, waste paper bin, put up shelves, so that everything is in place.

Getting organised and being efficient also includes setting the ground rules with the family. They need to understand that you are at work and not at their beck and call for every little job that needs doing. Be firm and say no unless it is very urgent and requires immediate attention. Allow nothing to get in the way of your business.

Working from home can be a liberating experience, yet at the same time it can be dangerous unless properly handled. Before embarking on your home business, take time to plan and prepare how you are going to deal with the transition. Done correctly, working from home can be a very attractive alternative to the daily grind of the office.

Tip #7 Build Your Confidence With Experience

If you lose money early in your trading career it's very difficult to regain it; the trick is not to go off half-loaded; learn the business before you trade. Knowledge is power when coming to trading.


Forex is a game of knowledge, you must know about the business.

How are you going to gain unless you put this information to action, you will simply not. Its that simple.

Tip #6 Don't be smart

The most successful traders keep their trading basic. The don't analyze all day or research historical trends and track web logs and their results are excellent. They spend their time in the stress zone not in the library.

Tip #5 Exiting Trades

If you place a trade and it's not working out for you, get the hell out of there. Don't multiply your mistake by staying in for hopes sake for a reversal. That is very unlikely to happen. And on the other side if you are winning a trade don't pull back because of the stress levels. You must learn to tolerate the stress, it is natural to trading, you must get used to it.

Tip #4 Trade When It's News Time

Most really big trade occur around news time. Trading volume is high and the moves are noteworthy. This means there is no better time to trade than when the news is released. This is when the big guns adjust their positions and prices change resulting in a serious currency flow.

Tip #3 Don't Get Over-Confident

Take tiny margins. It is one of the biggest advantages in trading forex. It allows you to trade amounts far larger than the total of what you have deposited. But don't get over confident with this, some rookies get greedy and this destroys many traders. Only increase depending on your experience and success.

Tip #2 Independence

When you are new to Forex you will be trading yourself or have someone else do it for you. Obviously you will make more trading yourself, but you must know these things.

If you have someone else doing it, don't interfere what he is doing, he has a strategy that may take some time, let it ride.

And if you are doing it yourself, don't get too much information, if you try and get too must information from too many sources this will result in only multiple losses.

Take a position, ride with it and then look back and analyze what has happened. Be independent and stand strong.

Tip #1 Knowledge is Power.

When starting out trading forex on the net, it is an absolute must that you understand and become good at the basics first. Once you have a good concept on the basics then you can move forward.

For example, one of the major forex influencer's are global news events. An ECB statement is released on Euro interest rates and this will cause a flurry of activity. Most newcomers will get scared and wait until everything calms down. If you hesitate you are likely to miss out on some great trades. You must act when the market is in volatility not when it is in a stand still.

good luck to all of you

Pip or "percentage in point," refers to the very last digit of a currency price.

As an illustrative example, take EUR/USD at 1.2635. If the sell price were to increase to 1.2636 we have a one pip increase. Should the EUR/USD sell price move from 1.2635 up to 1.2735, we say EUR/USD increased 100 pips.

In the example of EURUSD, one pip is worth 1/100th of a US Dollar cent. Because currency traders are concerned with relatively small movements in the forex market, traders talk about that movement in terms of pips.

A Stop Loss is an order to close a trade when the market moves a specified amount against the position. For example, if a trader longed EURUSD at 1.2500 and was only prepared to lose 15 pips, a stop position would be set at 15 pips below the current market price at 1.2500 - 0.0015 = 1.2485.

The purpose of setting up a stop loss order is to put a "safety net" on transactions. Without a stop, a trader could potentially lose all his funds if the trade went against them. A stop position reflects a trader's "pain point," where the market has turned so far against him that he needs to exit his position. As a result, stop orders are useful for money management in controlling losses, helping to ensure a trader is controlling their risk exposure.

Support is a price level where buying is strong enough to interrupt or reverse a downtrend.

Resistance is a price level where selling is strong enough to interrupt or reverse an uptrend.

The art of forecasting price movements through the study of chart patterns, indicator signals, sentiment readings, volume and open interest.


Unlike fundamental analysis, technical analysis does not focus on economic data, but rather on interpretation of price data. One of the key tenets of technical analysis is that price patterns repeat themselves, allowing technical traders to make highly probabilistic bets on the direction of the instrument.

FX lends itself particularly well to technical analysis because it trades 24 hour per day and therefore provides a continuous stream of data that can be used for statistical analysis.

What Fundamentals Are Worthwhile?
You should look at the most important fundamental variables and compare them to determine the true health of the economy. The most important variables will change year to year as international trade dynamics evolve and central bankers & investors redirect their fixations.

Most investors look at three key variables: monetary indicators, economic indicators, and sentiment. Let's take a look into these variables by evaluating the US economy. Here is a brief explanation and example of each.

Why Is It Helpful?
In the long run, fundamentals drive price action by answering key questions regarding current events. Some common questions for the forex market are:
• Is the economy expanding rapidly or contracting?
• What parts of the economy are booming or about to bust?
• Are new jobs being created?
• What parts of the economy are central bankers most concerned with?


You can use the answers to these questions to determine if a currency will be strong or weak in the future.

fundamental analysis

For a currency trader, fundamental analysis focuses on key underlying economic and political factors to determine the direction of a currency's value. There are a number of fundamental indicators traders may follow that reflect how an economy is changing and gleam insight into Forex market prices to come.

Although high leverage allows a trader to open very large positions, magnifying their exposure to the market - such margin may also be risky, magnifying potential losses.

hi,friendS!

nice to meet u

tq

Your goal in trading is to buy at a lower price and sell afterwards for a higher price. For example you can buy a market instrument (quantity of 10000) for 1.2349 and sell it later for 1.2458. You will make a profit of 109 (in currency the instrument is denominated in).

Your goal in trading is to buy at a lower price and sell afterwards for a higher price. For example you can buy a market instrument (quantity of 10000) for 1.2349 and sell it later for 1.2458. You will make a profit of 109 (in currency the instrument is denominated in).

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When you open an account you get real $5.00 reward and virtual $10000 for training. If you want to open an account please go to https://www.marketiva.com/index.ncre?gid=906 and fill out the form there.