Forex Business with no experience...

[skafandri]

a half tick, it is valued at $5 rather than the $10 tick value. The additional
digit often causes confusion when it comes to calculating profit, loss,
and risk because simply looking at the quote board it is impossible to
determine that the last digit of the quote is actually a fraction of a tick�

[zego ze]

it is very hard to do Forex trading without experience in trading but we can run trade well with the assist of professional traders and also with expert tips then we can earn well.so knowledge and experience is the key points for start

[osama abonasser]

Size up the competition

Who else is doing what you're planning to do? How well do they do it? By studying the competition you can learn from others' mistakes - or even what their customers appreciate. Learn how much people are willing to pay for your product or service and how you could enhance the current offerings.

If one big player dominates the market space, focus on what they don't do well or who they don't cater for; provide a superior service and you could grab a share of their space. Alternatively, if the market is fragmented, there could be an opportunity to launch a brand that becomes the de facto choice for consumers.

3. Define your target audience

Appealing to everyone appeals to no one. You need to focus on your target audience and style everything from your website to your marketing campaigns around them. Make sure you are targeting the right people by sending out questionnaires, speaking to your customers through social media and holding focus groups. The only way to provide a product or service people really want is to get inside their heads. Involve your target customer in the development of your business and continue to test, test, test. Consulting your customers will also make them feel like they have a voice, will breed loyalty and, if you're lucky, will increase the likelihood of them recommending you to others.

---------- Post added at 03:01 PM ---------- Previous post was at 03:00 PM ----------

Paying yourself

How will you pay yourself? You need to think about this up front. With the best intentions of ploughing profits straight back into the business, you're going to have to eat, drink and put a roof over your head. Cut back on the luxuries but figure out what you do need to live on and include it in your outgoings. The bank or any investors would much rather see this than you going back cap-in-hand six months after you told them your business plan made sense.

5. Your business name

Think long and hard about your name: you're going to be stuck with it as rebrands are expensive and painful. It'll need to work with an available web domain and will also often be the first thing prospective customers see. Consider what your name needs to say about your business. Should it simply be a case of 'says what it does on the tin' or communicate aspects of your brand identity, such as Innocent Drinks, or perhaps geography is important if you're focused on serving or representing a local area - Manchester Landscaping Ltd or Premium Lincolnshire Sausages Ltd, for instance.

---------- Post added at 03:20 PM ---------- Previous post was at 03:01 PM ----------

Paying yourself

How will you pay yourself? You need to think about this up front. With the best intentions of ploughing profits straight back into the business, you're going to have to eat, drink and put a roof over your head. Cut back on the luxuries but figure out what you do need to live on and include it in your outgoings. The bank or any investors would much rather see this than you going back cap-in-hand six months after you told them your business plan made sense.

5. Your business name

Think long and hard about your name: you're going to be stuck with it as rebrands are expensive and painful. It'll need to work with an available web domain and will also often be the first thing prospective customers see. Consider what your name needs to say about your business. Should it simply be a case of 'says what it does on the tin' or communicate aspects of your brand identity, such as Innocent Drinks, or perhaps geography is important if you're focused on serving or representing a local area - Manchester Landscaping Ltd or Premium Lincolnshire Sausages Ltd, for instance.

[galesong]

I think the person who have no experience cannot be as much successful as a experience can so if you want to get high profit and become the successful business then it is still part of the business, but in the case that you are losing more, then you will have to change the strategy you use.

at first, we did not have the experience, it must, because we are just beginning, but we have to do a trade, we must dare to take risks, there is no success, if we do not dare to start a business, including forex, we get the experience of trading we do.

[Qurat]

ee bilkul yeh business hae jahan pey skills ki buhat zada zarurat hoti hae kynk yeh kaam ek rsiky kaam hae yahan pe jab tak apko tajurba nhn hoga ap kaam nhn kar saktay hain or yeh business seekhne se ata hae ap bina seekhy bilkul yahan pe kaam nhn kar saktay hain..

[rhodesmr]

You don't have to have a lot of experience at Forex. You just need to have passion for it so things can be learned easily. Signing up for a demo account is actually a good thing to start with.

[galesong]

I think the person who have no experience cannot be as much successful as a experience can so if you want to get high profit and become the successful business then it is still part of the business, but in the case that you are losing more, then you will have to change the strategy you use.

at first, we did not have the experience, it must, because we are just beginning, but we have to do a trade, we must dare to take risks, there is no success, if we do not dare to start a business, including forex, we get the experience of trading we do.

[galesong]

I think the person who have no experience cannot be as much successful as a experience can so if you want to get high profit and become the successful business then it is still part of the business, but in the case that you are losing more, then you will have to change the strategy you use.

at first, we did not have the experience, it must, because we are just beginning, but we have to do a trade, we must dare to take risks, there is no success, if we do not dare to start a business, including forex, we get the experience of trading we do.

[sheilahawari]

I think the person who have no experience cannot be as much successful as a experience can so if you want to get high profit and become the successful business then it is still part of the business, but in the case that you are losing more, then you will have to change the strategy you use.

[M.USMAN]

Trading business ko hum without experience karen gay tu trading me hum survive nhi kar saktay.Trading me successful honay kay laye experience ka hona bohat zarori hai.Jo learning and practice say milta hai.