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Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

Profitable Forex Strategy Reddit | 3 Easy Forex Strategies Easy For MT4

The need for a trading strategy in Forex market

https://preview.redd.it/r6u8stdmeaw51.jpg?width=1320&format=pjpg&auto=webp&s=1b0292502d6e68f5c220af5a5851aeb8061b395b
Almost all trading manuals talk about the need to have your own trading strategy. First of all, the process of creating your trading scheme allows you to perfectly understand trading and exclude from it any eventuality that hides additional risk.
Profitable forex strategy: it is a type of instruction for the trader, which helps to follow a clearly verified algorithm and safeguard his deposit from emotional errors and consequences of the unpredictability of the Forex currency market.
Thanks to her, you will always know the answer to the question: how to act in certain market conditions. You have the conditions of opening a transaction, the conditions of its closing, likewise, you do not guess if it is time or not. You do what the trading strategy tells you. This does not mean that it cannot be changed. A healthy trading scheme in the forex market must be constantly adjusted, it must comply with the realities of current market trends, but there must be no unfounded arguments in it.
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Profitable Forex Strategy Reddit

Types of trading strategies
The forms of a trading strategy can combine a variety of methods. However, several of the most commonly used options can be highlighted.
  • Trading strategy based on various complementary technical indicators
  • Trading strategy using Bollinger Bands
  • Moving Average Strategy
  • Technical figures and patterns
  • Trading with Fibonacci levels
  • Candlestick trading strategy
  • Trend trading strategy
  • Flat trading strategy
  • Scalping
  • Fundamental analysis as the basis of the strategy

Three most profitable Forex strategies

Important! These strategies are the basis for building your own trading system. Indicator settings and recommended pending order levels are for consultation only. If you do not get a satisfactory outcome in the test result or in a live account, that does not mean that the problem is the strategy. It is enough to choose individual parameters of indicators under a separate asset and under the current market situation.

1. “Bali” scalping strategy

This strategy is one of the most popular, at least its description can be found on many websites. However, the recommendations will be different. According to the author's idea, "Bali" refers to scalping tactics, as it facilitates a fairly short stop loss (SL) and take profit (TP). However, the recommended time frame is high, because the signals appear not very often. The authors recommend using the H1 interval and the EUR / USD currency pair.
Indicators used:
  • Linear Weighted Moving Average. Period 48 (red line).
https://preview.redd.it/9mhs67mxeaw51.jpg?width=461&format=pjpg&auto=webp&s=913d428edd4cab0a3237e7039829a76dd587f1f5
The weighted linear moving average here acts as an additional filter. Due to the fact that LWMA gives more weight to the values ​​of the last periods, the indicator in the long periods practically excludes delays. In some cases, LWMA can give a signal beforehand, but in this strategy only the moving position relative to price is important. Bearish LWMA is a buy signal, sell bullish.
  • Trend Envelopes_v2. Period 2 (orange and blue lines).
https://preview.redd.it/8bap0s41faw51.jpg?width=627&format=pjpg&auto=webp&s=a6236ad06765280bbfd655fa1fb4153b28aaaf56
The indicator is also based on the moving average, but the formula is slightly different for the calculation. Its marking is more precise (the impact of price noise has been eliminated). It allows you to identify the twists of the trend compared to the usual mobile with a slight anticipation. Trend Envelopes has an interesting property: the color of the line and its new location changes when the price penetrates its old trend line, a kind of signal.
  • DSS of momentum. The configuration in the screenshot below.
https://preview.redd.it/9ch27cj4faw51.jpg?width=630&format=pjpg&auto=webp&s=00558bbd90378009bef33b7c96c77f884b912667
The indicator is placed in a separate window below the chart. This is an oscillator whose task is to determine the pivot points of the trend. And it does so much faster than standard oscillators. It has two lines: the signal is dotted, the additional line is solid, but the receiver has 2 kinds of colors (orange and green).
  • Important! Note that the indicators for the “Bali” strategy are chosen in such a way as to ultimately give an early signal. This gives the trader time to confirm the signal and check the fundamentals.
MA is one of the basics on MT4, the other two indicators can be found in the archive for free here. To add them to the platform, click on MT4: "File / Open data directory". In the folder that opens, follow the following path: MQL4 / Indicators. Copy the flags to the folder and restart the platform.
Also Read: Make Money With Trading
Conditions to open a long position:
  • Price penetrates the orange Trend Envelopes line from the bottom up. At the same time in the same candle there is a change of the orange line that falls to a growing celestial.
  • The candle is above LWMA. Once the above condition has been met, we wait for the candle to appear above the moving one. It is important that it closes above the LWMA red line. It is mandatory to have a Skyline Trend Envelopes on a signal candle.
  • The additional DSS of momentum line on the signal candle is green and is above the dotted line of the signal (that is, it crosses or crosses it).
We open a trade at the close of the signal candle. The recommended stop level is 20-25 points in 4-digit quotes, take profit at 40-50 points.
https://preview.redd.it/t48d55s8faw51.jpg?width=1000&format=pjpg&auto=webp&s=1e93863745e74dec536178539817225767cbeb1c
The arrow indicates a signal candle where a Trend Envelopes color change occurred. Note (purple ovals) that the blue line is below the orange line and goes upwards (in other cases the signal should be ignored). In the signal candle, the green DSS of momentum line is above the dotted line.
Conditions to open a short position:
  • Price penetrates the Trend Envelopes sky line from top to bottom. At the same time in the same candle there is a change from the increasing celestial line to the falling orange.
  • The candle is below LWMA. Once the above condition has been met, we wait for the candle to appear below the mobile. It is important that it closes below the LWMA red line. It is mandatory to have an orange Trend Envelopes line on a signal candle.
  • The additional DSS of momentum line on the signal candle is orange and is below the dotted line of the signal (i.e. crosses or crosses it).
https://preview.redd.it/6uixkl1dfaw51.jpg?width=1000&format=pjpg&auto=webp&s=dd53442c633e80c1e55da72cd5ffe9cda2e85b8a
Some examples where a transaction cannot be opened:
  1. In the screenshot below the signal candle closed at the moving level (red line), it was practically below it.
https://preview.redd.it/2o1wpocgfaw51.jpg?width=1000&format=pjpg&auto=webp&s=58d3286bf2884b5f0dfdaa0a62b68d2d50cdabf8
  1. In the screenshot below the signal candle is DSS below its signal line. Also, the celestial line is horizontal and not ascending.
https://preview.redd.it/1nfi1etjfaw51.jpg?width=801&format=pjpg&auto=webp&s=ff9fcbc10a485c5102ef7a135de47332827caf54
The signals are relatively rare, a signal can be expected for several days. In half the cases, it is better to control the transaction and close in advance, without waiting for profit taking. We do not operate at the time of flat. Try this strategy directly in the browser and see the result.
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2. “Va-Bank” candle strategy

This profitable Forex strategy is weekly and can be used on different currency pairs. It is based on the spring principle of price movement, what went up quickly, sooner or later must fall. To trade you will only need a schedule on any platform and W1 time frame (although the daily interval can be used).
You should estimate the size of the candle bodies of different currency pairs ( AUDCAD , AUDJPY , AUDUSD , EURGBP , EURJPY , GBPUSD , CHFJPY , NZDCHF , EURAUD , AUDCHF , CADCHF , EURUSD , EURCAD , GBPCHF ) and choose the largest distance from the opening to the close of the candle in the framework of the week. In this to open a transaction at the beginning of the following week.
Conditions to open a long position:
  • The bearish candle, which signifies last week's movement, has a relatively large body.
Open a long position early next week. Make sure to place a stop loss at 100-140 points and a take profit at 50-70 points. When it is midweek, close the order if it has not yet been closed at take profit or stop loss. After that, wait again for the beginning of the week and repeat the procedure, in any case do not open operations at the end of the current week.
https://preview.redd.it/vuihnqspfaw51.jpg?width=1000&format=pjpg&auto=webp&s=7641e9d7701911cc255c4f0c8a53e1660c35c9fe
On this chart it is clearly seen that after each large bearish candle there is necessarily a bullish candle (although smaller). The only question is what period to take where it makes sense to compare the relative length of the candles. Here everything is individual for each currency pair. Note that a rising candle was observed followed by a few small bearish candles. But when it comes to minimizing risks, it is best not to open a long response position, as the relatively small decline from the previous week may continue.
Conditions to open a short position:
  • The bullish candle, which signifies last week's movement, has a relatively large body.
We open a short position early next week.
https://preview.redd.it/tv4zmf5ufaw51.jpg?width=1000&format=pjpg&auto=webp&s=61cd1dcfc4aebfa6f80343b6c51f7a6e46358602
The red arrows point to the candles that had a large body around the previous bullish candles. Almost all signals turned out to be profitable, except for the transactions indicated by a blue arrow. The shortcomings of the strategy are rare signs, albeit with a high probability of profit. The best thing is that it can be used in several pairs at the same time.
This strategy has an interesting modification based on similar logic. Investors with little capital opt for intraday strategies, as their money is insufficient to exert radical pressure on the market. Therefore, if there is a strong move on the weekly chart, this may indicate a cluster of large strong traders. In other words, if there are three weekly candles in one direction, it is most likely the fourth. Here you also have to take into account the psychological factor, 4 candles is equal to one month, and those who "push" the market in one direction, within a month will begin to set profits.
Strategy principle:
  • A "three candles" pattern (ascending and descending) formed on the weekly chart.
  • It is preferable that each subsequent candle was larger than the previous one. Doji is not taken into account (disembodied candles).
  • Stop is placed at the closing level of the first candle of the constructed formation. Take profit at 50-100% of the last candle, but it is often better to manually close the trade.
An example of this type of formation in the screenshot below.
https://preview.redd.it/iu7cwa7xfaw51.jpg?width=1000&format=pjpg&auto=webp&s=9195d24b72d2bda5394614380e9e5bc167f108a5
Of the 5 patterns, 4 were effective. Lack of strategy, the pattern can be expected 2-3 months. But when launching a multi-currency strategy this expectation is justified. Consider swaps!
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3. Parabolic Profit Based on Moving Average

This strategy is universal and is usually given as an example for novice traders. It uses classic EMA (Exponential Moving Average) indicators for MT4 and Parabolic SAR, which acts as a confirmatory indicator.
The strategy is trend. Most sources suggest using it in "minutes", but price noise reduces its efficiency. It is better to use M15-M30 intervals. Currency pairs - Any, but you may need to adjust the indicator settings.
Indicators used:
  • EMA with periods 5, 25 and 50. EMA (5) in red, EMA (25) and EMA (50) in yellow. Apply to Close (closing price).
https://preview.redd.it/ly7ju8o3gaw51.jpg?width=1000&format=pjpg&auto=webp&s=61dee5b0d994d09a375e01e2b9afe188dd2ee0ed
  • Parabolic SAR, parameters remain unchanged (color correct at your discretion).
https://preview.redd.it/sonpv1m8gaw51.jpg?width=1000&format=pjpg&auto=webp&s=823e9ce5d279d3a98ef072694766a112a3ece775
Conditions to open a long position:
  • Red EMA (5) crosses the yellows from bottom to top.
  • Parabolic SAR is located under the sails.
Conditions to open a short position:
  • Red EMA (5) crosses the yellows from top to bottom.
  • Parabolic SAR is located above the candles.
The transaction can be opened on the same candle where the mobile crossover occurred. Stop loss at the local minimum, take profit at 20-25 points. But with the manual management of transactions you can extract great benefits. For example, close at the time of the transition from EMA (5) to a horizontal position (change of the angle of inclination of the growth to flat).
https://preview.redd.it/4un92jlegaw51.jpg?width=1000&format=pjpg&auto=webp&s=406a700c00722349622d031e20d0858e4196d18b
This screen shows that all three signals (two long and one short) were effective. It would be possible to enter the market on the candle by following the signal (in order to accurately verify the direction of the trend), but you would then miss the right time to enter. It is up to you to decide whether it is worth the risk. For one-hour intervals, these parameters hardly work, so be sure to check the performance of the indicators for each period of time in a minimum span of three years.
And now that you know the theory, a few words about how to put these strategies into practice.
Ready? Then let's get started!

From the theory to the practice

Step 1. Open demo account It's free, requires no deposit, takes up to 15 minutes, and no verification required. On the main page of your broker there is for sures a button "Register", click and follow the instructions. An account can also be opened from other menus (for example, from the top menu, from the commercial conditions of the account, etc.).
Step 2. Familiarize yourself with the functionality of the Personal Area. It won't take long. It is at the most user friendly and intuitive. You just need to understand the instruments of the platform and understand how the trades are opened.
Step 3. Launch the trading platform. The Personal Area has the platform incorporated, but it is impossible to add templates. Hence, the "Bali" and "Parabolic Profit" strategies can only be executed on MT4.

Characteristics of an effective Forex strategy Reddit

And finally, let's see what makes a profitable Forex strategy effective. What properties should it have? Perhaps three of the most important characteristics can be pointed out.
  • The minimum number of lag indicators. The smaller they are, the greater the forecast accuracy.
  • Easy. Understanding your strategy is more important than your saturation with complex elements, formulas, and schematics.
  • Uniqueness. Any trading strategy must be "tailored" to your trading style, your character, your circumstances, and so on.
It is very important to develop your own trading strategy, but it is necessary to test a large number of already available and proven strategies. On the Forex blog you will find trading strategies available for download. Before using a live account, test your chosen strategy on the demo account on the MetaTrader trading platform.
Conclusion. To successfully trade the Forex currency market, create your own trading strategy. Learn what's new, learn out-of-the-box trading schemes, and improve your individual action plan in the market. Only in this case, the trading results will satisfy you to the fullest. Success, dear readers!
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submitted by kayakero to makemoneyforexreddit [link] [comments]

[WallText] For those who really want to be forex traders.

Im sry if u find some grammatical errors, english is not my mother language. Let me know and i will fix it.
First of all, look for at least half an hour without interruptions to read this manual.
This is the system that has created trading professionals. He has done it and today he continues doing it, as it happened with me.
It is not a system written in any forum, in fact I believe that it has been the first to collect all the ideas and create a structure to follow to carry them out, but these same ideas and procedures have been the ones that the winning traders have used during decades and will continue to use, since they are based on completely objective and real foundations.
Let's go to it:
Hi all.
It is known that the observation time makes the patterns elucidate, and after some time in the forum and throughout this trading world I have found many patterns in the responses of the people, I have reasoned about them, and I have realized their failures, why they fail to be profitable.
There are people who have put effort into this. Not all, but there are people who have really read a lot, studied a lot, learned a lot and tried a lot, and even then they are not able to achieve stable profitability.
The question is: Is there enough in that effort? Is there a specific moment in the line of learning where you start to be profitable? The question is, logically.
There are traders that generate constant profitability. Hedge funds, investment firms ... and the difference is in areas where people for some reason do not want to invest time.
Why are there more messages in the strategy forums than in the psychology, journals and fundamental analysis together?
As human beings, our brain is programmed to look for quick positive responses. In nature, the brain does not understand the concept of long-term investment. There is only a short-term investment made from the difference between what we think will cost us something and what we think it will contribute. If we think that it will cost us more than it can give us, we simply do not feel motivated. It is a simple mechanism.
The market plays with these mechanisms. There are more scalpers created from the search for that positive emotion than from the search for a scalping system.
In short, we are not programmed to operate, and there lies the fact that only a huge minority of operators are profitable.
Among others, I have observed several patterns of behavior that make a trader fail, and they are:
- Search for immediate pleasure: The trader wants to feel that he has won on the one hand, and on the other he wants to avoid the feeling of loss. Following this there are many traders who place a very low take profit and a very high stop loss. This is not bad if the probabilities have been reviewed before, the mathematical factor of hope, the relation with the drawdown .. but in the majority of the cases absolutely nothing of statistics is known. There is only that need to win. They win, they win, they win, until one day the odds do their job and the stop loss is touched, returning the account to its origins or leaving it with less money than it started. This does not work.
- Search for immediate wealth: Again it is something immediate. People want good emotions, and we want them already. The vast majority of traders approach this world with fantasies of wealth, women and expensive cars, but do not visualize hard work, the sickly hard work behind all this.
From there underlie behaviors like eternally looking for new robots or expert advisors that promise a lot of money, or new systems. The type of trader that has this integrated pattern is characterized by doing nothing more than that. Spend the day looking for new strategies Of course he never manages to earn constant money.
- Think that trading is easy: Trading is not easy, it is simple. Why? Because when you get the wisdom and experience necessary to find yourself in a state of superior knowledge about the market and effectively make money, it is very simple; you just have to apply the same equation again and again. However, it is not easy to reach this equation. This equation includes variables such as risk understanding, mathematics, certain characteristics in the personality that must be assimilated little by little, intelligence, a lot of experience ..
This is not easy. This is a business, and in fact it is one of the most difficult businesses in the world. It may seem simple to see a series of candles on a screen or perhaps a line, or any type of graphic, but it is not. Behind the screen there are hundreds of thousands of very intelligent professionals, very disciplined, very educated, very ...
This business is the most profitable in the world if you know how to carry, since it is based on the concept of compound interest, but it is also one of the most difficult. And I repeat. It's a business, not a game. I think you'll never hear a lawyer say to his boss: "We're going to focus all our time on finding a strategy that ALWAYS makes us win a trial, ALWAYS." What does it sound ridiculous? It sounds to me just as ridiculous for trading.
But you are not to blame, you have been subconsciously deceived through the advertising brokers and your own internal desires, to think that this is something easy.
- Lack of discipline: Trading is not something you can do 10 minutes on Monday and 6 on Thursday. This is not a game, and until you get a regular schedule you can not start earning money. There are people who open a graph one day for 5 minutes, then return to their normal life and then one week returns to look at it for other minutes.
Trading should not be treated as a hobby. If you want to win "some money" I advise you not even to get in, because you will end up losing something or a lot of money. You have to think if you really want trading to be part of your life. It's like when you meet a girl and you want to get married. Do you really want to get into this with all the consequences? Because otherwise it will not work.
Visualize the hard work behind this. Candle nights, frustrations, several hundred dollars lost (at the beginning) .. enter the world of trading with a really deep reason, if you lose a time and money that no one will return, and both things are finite!
- Know something and pretend to know everything: Making money in the markets is not based on painting the graph as a child a paper with crayon wax and pretend to make money.
It is not based on drawing lines or circles, or squares. It is based on understanding the operation of all these tools, the background of the why of the tools of trading.
A trend line only marks the cycle of a wave within a longer time frame, within a longer time frame, and so on indefinitely. In turn, this wave is divided into waves with a specific behavior, divided into smaller waves and Etcetera, and understanding that dynamic is fundamental to winning.
It is not the fact of drawing a line. That can be done by an 8 year old boy. It is the fact of UNDERSTANDING why.
There are traders who read two technical analysis books and a delta analysis book and believe that they are professionals, but do they really understand the behavior of the market? The answer is in their portfolios.
After this explanation that only 10% will have read, I will try to detail step by step something that is 90% yearning, and that will have quickly turned the scroll of your mouse to find the solution to all your problems while supporting the beer in a book of " become rich ", rotten by lack of use.
These steps must be carried out one by one, starting with the first, fulfilling it, moving on to the second, successively and growing. If steps are taken for granted, or not fully met, it simply will not work.
I know this will happen and the person who did it will think "Bah, this does not work." and you will return to your top strategy search routine.
That said, let start:
1º Create a REAL account with 50 dollars approximately:
_ Forget the demo accounts. They are a utopia, they do not work. There is infinite liquidity, without emotions and without slipagge.
These things will change when we enter the real market, and the most experienced person in the world will notice a sharp drop in their profitability when it happens to real accounts.
And not only using a demo account has disadvantages, but using a real one has advantages.
We will have a real slipagge with real liquidity. Real requotes and more. The most important: We will work our emotions at the same time. Because yes, we will lose or win a couple of cents, but that has a subconscious impact of loss.
This means that we will begin to expand our comfort zone from the start.
Using a demo account is simply a disadvantage.
2º Buy a newspaper in the stationery or in Chinese (optional), or write one online or in Word:
A newspaper will be of GREAT help. You can not imagine, for those of you who do not have one, how a newspaper can exponentiate our learning curve. It is simply absurd not to have a diary. It's like taking a ticket of 5 instead of one of 100.
In this diary we will write down observations that we make about the operations that we will carry out in points that I will explain later of this same manual.
We will divide the newspaper into 2 parts:
  • 1 part: The operation itself. We will write the reasons for each operation. The why we have done it.
  • 2 part: How we feel. We will unburden ourselves without explaining how we feel, what our intuition tells us about that particular operation and so on.
How to use:
We will read the newspaper once a week, thinking about the emotions we felt each day and in what situations, and the reasons.
Soon, we will begin to realize that we have certain patterns in the way we feel and operate, and we will have the ability to change them.
We can also learn from mistakes that we make, and keep them always in a diary.
3º Look for a strategy that has the following characteristics:
  • Make it SIMPLE. Nothing of 4 or more indicators or the colors of the gay flag drawn on the graph based on 1000 lines. Why? Because there is always an initial enthusiasm and maybe we can follow a complex strategy for a week, but burned that motivation, saturates us and we will leave it aside.
Therefore, the strategy must be simple. If we use metatrader, the default indicators work. No macd's no-lag and similar tools. That does not lead anywhere. And if you do not believe it, I'll tell you that in all areas of life comes marketing. In addition to trading towards MMA and now I do powerlifts, and there are 1000 exercises to do. However, the classics are still working and work very well. It seems that sellers of strange sports equipment do not share the same opinion, that the only thing they want is to sell!
4º Understand the strategy:
  • We must gut each process of the strategy and reason about it. What does this indicator do? What does this process? Why this and not another? Why this exit ?. Some strategies will be based on unspecified outputs. This does not suppose any problem because as we get experience in that specific strategy, we will remember situations that have occurred, we will see situations that are repeated (patterns) and we will be able to find better starts and entrances. Everything is in our hands.
5° Collect essential statistical information:
  • This part is FUNDAMENTAL, and no operator can have as much security in itself when operating as if it uses a strategy that has at least positive mathematical hope and an acceptable drawdown.
  • Step 1: To carry out this collection of information you need to test the strategy for at least 100 signals. Yes, 100 signals.
Assuming it is an intraday strategy and we do an operation per day, it will take us 100 days (3 months and 10 days approx) to carry out the study. Logically these figures can change depending on the number of operations that we make up to date with the strategy.
I have no doubt that after reading this manual we will go for a quick strategy of scalpers, with 100 signals every 10 minutes where the seller comes out with a big smile in his promotional video.
I personally recommend a system of maximum 2 daily operations to start, but this point is personal.
Is it a long time? Go! It turns out that a college student of average intelligence takes 6 years to finish a career. It takes 6 years just to train, and there are even more races. This does not guarantee any profitability, and in any case most of Sometimes it will get a static return and not based on compound interest. I can never aspire to more.
The market offers compound profitability, there will be no bosses, nor schedules that we do not impose. We will always have work, and we can earn a lot more money than most people with careers or masters. Is it a long time? I do not think so.
As I was saying, we will test the strategy 100 times with our REAL account that we created in step 1. Did you decide to use a demo account? Better look for another manual; This has to be something serious. They are 100 dollars and will be the best investment of all in your career as a trader.
  • Step 2: Once with the report of the 100 strategies in hand, we will collect the following information:
  • How many times have we won and how many lost. Afterwards, we will find the percentage of correct answers.
  • How much have we won and how much have we lost? Afterwards, we will find the average profit and the average loss.
  • Step 3: With this information we will complete the mathematical hope formula:
(1 + average profit / average loss) * (percentage of correct answers / 100) -1
Example:
  • Of the 100 operations there are 50 winners and 50 losers, then the success rate is 50%.
  • Our average profit is 20 dollars and our average loss is 10 dollars.
Filling the formula:
(1 + 20/10) * (50/100) -1
(1 + 2) * (0,5) -1
3 * 0.5 - 1
1,5 - 1 = 0,5
In this example the mathematical expectation is 0.5. It is POSITIVE, because it is greater than 0. From 0, we will know that this strategy will make us earn money over time ALWAYS we respect the strategy.
If after a few days we modify it, then we will have to find this equation again with another 100 different operations. Easy? A result of "0" would mean that this strategy does not win or lose, but in the long run we would LOSE due to the spread and other random factors.
You have to try to find a strategy that, once this study is done, the result of your mathematical hope is greater than 0.2 as MINIMUM.
Finding this formula will also give a curious fact. The greater the take profit in relation to the stop loss, as a general rule more positive will be our mathematical hope. This has given many pages of discursiones about whether to place take profit> stop loss or vice versa.
If our stop was larger than the take profit, then the other ratio (% earned /% lost) should be yes or yes positive.
But this is just curiosities.
let's keep going:
  • 6° Expand our comfort zone:
We will not be able to work with operations of 10 million dollars overnight, but we can progressively condition ourselves to that path.
Assuming all of the above, and with a real account, some experience in the 3 months of information gathering and a positive mathematical hope, we are ready to operate in real with some consistency. But how to carry it out?
The comfort zone is the psychological limits we have before feeling fear or emotional tension. When we get into a fight, we have left our comfort zone and we feel tension, unless we have a psychopathic disorder.
Every time we lean out onto a 300-meter balcony from a skyscraper, we move away from the comfort zone. Every time we speak to a depampanante woman, we move away from our comfort zone.
Our brain creates a comfort zone to differentiate what we usually do and is not substantially dangerous, from the unknown and potentially dangerous to our survival or reproduction. And whenever the brain interprets that these two aspects are in danger, we will feel negative emotions like fear, disgust, loneliness, fury, etcetera.
This topic is much more profound and you would have to read several volumes of evolutionism to understand the why of each thing. The only thing that interests us here is the "what", and the one, that is, that there is a certain comfort zone that must be expanded without any problems.
With trading, exactly the same thing happens. The forex market is a virtual environment in which we lose or gain things, but our brain does not differentiate between reality and what is not, it only attends to stimuli of a certain type.
We can lose food in the middle of the forest or also a crude oil operation.
Our goal is to condition our subconscious so that it is progressively accepting lost and small benefits, and as time goes by, bigger.
The exercise to achieve this is the following:
  • We will operate on that account of 100 dollars with our mathematically positive strategy for 3 more months.
  • After these three months, our account should have benefits, because of the mathematically positive strategy.
  • We will enter 200 dollars more and we will operate a month more raising the lots according to our risk management (I do not advise that the risk is greater than 2%)
At this point, I know how hard it is to resign myself to impatience, but follow those times and do not skip it even if you feel safe, but you will fail, it's simple.
Let's keep going:
  • After that month, we will raise our capital again with a new income. This time we will enter 1000 dollars (save if you do not have 1000 dollars loose, you will recover later on, do you want to make money, enter 1000 dollars.
We will test the operation one month with this new injection. We probably notice difficulties. More blockages, more euphoria when winning ... how will we know when to move on to the next entry? When we do not feel ANYTHING or at most something very shallow, when win or lose If observing the wall and operating is for you the same from an emotional point of view, it is time to enter more money.
  • We will follow this procedure until we have a basic account of 21000 dollars. The amounts to be paid will depend on our ability to not feel emotions, a capacity that will be taking over time.
We will raise capital until we feel that we block too much. In that case we will drawdown to a more acceptable amount, and we will continue at that level until get discipline and lack of reactivity at that level. Later, we will go up.
  • If we want to earn more money, we will continue entering and entering. Always following the conditioning scheme of 1 month.
Why a month?
A study conducted in the United States revealed that the subconscious needs an average of 28 days to create new habits or eliminate old habits. Emotional reactions are part of the habits. If we maintain some pressure of any emotion during the opportune time, in this case 28 days, will create tolerance and the subconscious will need a more intense version of the stimulus to activate.
AND THAT'S ALL!
Follow these steps and you will triumph. Here is the golden chalice, the tomb of Jesus or whatever you want to call it. There is no more mystery in the world of trading. This system will accompany you during the next year, year and a half. It's the one I used and it WORKS. Once done, you will have a very profitable system integrated into your being, since not only will it be mathematically viable, but you will also have the necessary experience to make it infinitely more profitable yet.
In addition, you will have psychology fully worked on a professional level to have conditioned your subconscious gradually.
Happy trading to all of u guys.-
submitted by Harry-Postre to Forex [link] [comments]

Shorting Noobs - Common Trend Following Mistakes I'm Trading Against.

Shorting Noobs - Common Trend Following Mistakes I'm Trading Against.
Part [1] [2] [3]

Not much in terms of adjustments to add from previous post. I'm going to implement all risk adjustments at the weekend. In the meantime I've used some manual hedging to prevent from over exposure.
In this post I'll talk more about the ideal trades I am looking for. The mistakes people make at these areas, and how to build forward looking trade plans so you are less likely to find yourself caught in one of these market traps. I do consider these to be traps. I think price routinely moves in ways that induce market participants to take losing positions. I think this is done in algorithmic fashion and this means it leaves clues in forms of recurring ways laying traps.
This is just an opinion. I don't know.

First we will examine the classic structure of a trend. All examples will use a downtrend.

Basic Recurring Trend Structure:

Basic Trend Structure

Most of you will have seen this before, and probably recognise it as Elliot Wave theory (EWT). Whether or not you think EWT is valid or not, there are some things I think all of us can agree on. That is for the market to be in a downtrend, it has to keep making new lows. If it doesn't, it's not in a downtrend anymore. You'll also probably agree there are retraces in moves. That not often are new lows consistently made without any retrace. In a broad sense, this is all EWT is describing, which makes it noteworthy in good trending conditions.

Here are the points where most mistakes are made by traders in EWT cycles.


Trend Best/Worst Entries

All areas marked off in orange are places where it's easy to make mistakes.

Looking closer, this is what the more detailed price action on these sorts of moves tend to look like on lower timeframes.


Detailed Best/Worst Entries

Brown boxes are where buying mistakes are made. Purple circles are where selling mistakes are made.
We'll look a bit closer at what the specific mistakes are usually based on (conventional technical analysis theories) soon. First here is an example of this on a real AUDUSD chart.


AUDUSD Example Chart
This is a 45 minute chart, so the swings are not as detailed as the ones I've drawn (mine are more like 15 min), but you should be able to see how this concept can be transferred over onto a real chart. All of us who have been trading for a while know there are times we have made these mistakes. Everyone has ended up selling the bottom pip, or getting stopped out right before it reversed. Many of these times (in a trending market) fit into these areas.
This is not just curve fitting. Using rules to help to describe these conditions to pick the best trades and trading against the trades strategy providers offer, I picked up these trades. This was not perfect, what I'm doing needs a lot of work.

AUDUSD Trade

Here we can see a couple few of the mistakes. The green lines are profits and orange lines are losses. Here shorting these mistakes has done quite well on the spike out low. It's hard to see, but it also got a lot of good buys at the low. There are some losses at the high, but there is a far larger position accumulated around the mistake level.

AUDUSD Result
See previous analysis on these trades in [2] [3]
A big trend leg followed this build up of positions and hit take profits where stops were set under the low. This is where people start to sell, but this is also usually a mistake to sell immediately after this breakout.

The types of mistakes made are due to a handful of concepts. Here I've numbered them.

Mistake Types
Rules/Rational people have in mind making these mistakes.

1 - Breakout/new high relative to recent leg / stops above previous high on sell/ previous low on buy.
2 - Single candle price action mistake.
3 - Breakout trading rushing in / stops go under recent supports/ over recent resistance.
4 - Break and retest.
5 - Deep correction.

Everything listed above has the potential to be very useful and valid in a technical analysis based strategy. However, in some contexts they are literally the very worst thing you can do. That's the thing about trading, you can do the same thing at different times and get wildly different results. What I'm trying to do here is not find people who lose every trade (I want them to win overall, actually. So I can keep copying them). I just want to work out ways to bet against mistakes they are likely to make. I think people will make these mistakes more reliably than an automated system will pick up trades.
I should add that most of these areas the mistakes happen at will be hit with a lot of velocity. This I think is what triggers the mistakes from so many impulsive traders. The market will amble along in a slow non-threatening / uninteresting sort of way, then suddenly all in a rush make these moves that imply something BIG is happening in a certain direction, when actually it's just about to move against these very positions if you take them. Velocity is one of my key filters.

Let's talk about the end of the two leg correction, this is one of the places I think most of the money is made and lost. At this point in an EWT cycle, the market is gearing up to enter it's strongest move. The best move to trade, and the smart market is going to need to get people on the wrong side. This is usually achieved with three things. One, the market makes it's first false reversal from a 50% retrace, and then moves with a lot of velocity into the 61.8% fib (briefly described in [2]). Then there's a second false breakout with price trading a little over the 61.8%, followed by a price crash into new lows.
The interesting thing about this move is if you speak to anyone with any sort of interest in EWT, they will tell you this move often completes with a news spike. There is positive news, the market moves quickly in the direction it "should" and then quickly makes a rapid reversal. Sometimes the move on the news makes absolutely no sense what-so-ever fundamentally. but does strike these areas.
Here is the Brexit chart.
Brexit trend continuation from 61.8% spike out pattern

Let's go further back.

Scotland Vote High
Here is where GBP made it's high point. This was after the fantastic fundamental news (apparently) that Scotland was staying in the UK. Price shot up, then began to heavily downtrend. I've marked in the start to the previous swing with a line, if you check these fibs you'll see it fits with the mistake. We are now in the part of cycle where GBP is aggressive pulling away from the range where the false reversals happened. This is punishing those who bought in this range, and we should expect to see it end in a violent spike down. Remember the people who thought buying Sterling after Brexit was free money? Nah uh.
This happens a lot. When it happens I see people trying to explain it with all sorts of theories. Usually involving the saying "priced in already". People often refer to these in aloof and vague ways, as if there was no way we could have ever known, and it's certainly not worth trying to forecast these sorts of things ... but next time you see this, have a quick check and see if we happened to be in a correction that spiked out a 50% high and reversed around 61.8%. It is wiser to look at what happened than take wild guesses as to why. I am not saying that it always it, nor am I saying it works like magic. I'm just saying it can be quantified. When someone says, "Well you see it was not what was said, or the number, but what was inferred ...", really means nothing. It's an opinion. We're better to look for things we can test, in my view at least.

So, let me talk you through the mental mindset of people when they're making these mistakes. I'm going to use this big Sterling chart, so this will also be a bit of a price forecast.


Mistakes Thinking Patterns.
1 - Price has been going up strongly, it's retraced and there is a single candle PA buy signal. Sets people up to take a horrible trade.
2 - Price has been falling hard and made yet another breakout, it's an easy sell ...
3 - This has fell too far, it's a reversal now. Look how strong it is.
4 - This is a strong breakout and this must be the start of a bigger move.
5 - Wow, it's broke the lows and look how hard it's falling, big sell time.

I think we will see stage 5 complete around 1.190. I think we may be due a fast move into this. Maybe in the coming week or two. It would be typical of the spike nature of end of this sort of move that this will be a single candle of over 150 pips that fills this. Being and holding GBPUSD shorts targeting 1.196 seems a great idea to me.

These five mistakes, made at these handful of areas are the ones I wanting to trade against, and if you'd like to be a profitable trader, are the places you should be looking for entries.
submitted by whatthefx to Forex [link] [comments]

How to trade Ethereum

How to trade Ethereum

https://preview.redd.it/i6wrjvz5um541.png?width=1000&format=png&auto=webp&s=6334ee0ddb8be6c1219eea8a191780f5b1ca366e
Ethereum is the second largest cryptocurrency by capitalization after Bitcoin, founded in 2014 by Vitalik Buterin. The work of the ether is based on smart contracts technology, which was first implemented in this cryptocurrency. Smart contracts allow to conclude transactions between users without intermediaries, and the program code controls the fulfillment of the obligations of both parties.

Where you can trade Ethereum

Ethereum is traded on all cryptocurrency exchanges, as it is the main altcoin. The most popular trading platforms are Binance and BitMEX. To store ether, you need to have a wallet, such as MyEtherWallet. If you plan to trade, there is no need to buy cryptocurrency through exchangers, but you can buy it on the exchange directly - Binance added support for ruble and currency pairs, including ETH/RUB.

How to trade

The Ethereum price chart is represented by the Trading View resource, which is integrated into the Trade-mate.io service. In your account you can connect three exchanges Binance, BitMEX and Poloniex. In addition to advanced Tradingview charts service provides smart trade functionality with trailing stops and autotrade, allowing you to copy trades of other traders and trading bots.
The Ethereum volatility allows you to use any classic strategies inherited from Forex. If the foreign exchange market has long acquired immunity to technical analysis, the crypto market allows you to make a profit due to the immaturity of the industry. The most popular trading indicators are Bollinger Bands, Fibonacci Levels, RSI and others. A detailed description is easy to find on the Internet, but do not forget about the main rule - set up stop losses, because any cryptocurrency can collapse by 20% or more in a few hours. Trade-mate.io will help to extract the maximum profit, because smart trade allows you to automatically rearrange the stop loss as long as the price rises.

Little trick

Special attention is focused on Ether because of its popularity, so the coin is quite sensitive to news. Even rumors can lead to strong growth or collapse of this cryptocurrency. For example, fake information about the death of the founder of the project at the end of June led to a strong price collapse.

https://preview.redd.it/yx3yjqmcum541.png?width=762&format=png&auto=webp&s=39578308f01912d3b45df2e5dc13ec53f0c2e96a
submitted by mrhadow to matetrade [link] [comments]

[Table] IAmA: I make $5,000+ per month with Google's Adsense program - AMAA

Verified? (This bot cannot verify AMAs just yet)
Date: 2012-04-16
Link to submission (Has self-text)
Link to my post
Questions Answers
I have $500, I'm also a web developer with all the skills required to do this. I still don't see how you can make money off them? Would the plan be to buy up 1 to start, customise it maybe give it a refresh, fiddle with the SEO then leave it for a month and try to see returns of the $500? Or would it be considerably less? Would the ROI be $500 over 3 months? Whats your usual ROI? For the sites I sell on Flippa (quality, aged, established traffic/earnings) You can expect to buy the site for 30x monthly earnings.
How Do you buy a website that has already got an owner? Is there a website market? Do you approach them? You can email them and offer to buy there website.
Thanks for the fast reply, so the ROI is fairly low... I don't see how you can make money this way without somehow getting 30x more traffic to offset the bad earnings. What's the usual strategy when you buy one of these things? Tweak the ad placement/units, mess around with layouts, tweak SEO.
A 2.5 year return on investment isn't bad at all.
I am not sure why you got downvoted, but I think this will be interesting! If I were to get into something like this, how would I start? Thanks If you have $500-$1000 to jump in with, I'd suggest buying some site so that you throw yourself into the deep end. Start looking through sites at Flippa.com. Since they are established websites for sale, they will be disclosing EVERYTHING. Earnings, traffic, how they get the traffic, etc. These are great examples to get you in the mindset of a web entrepreneur.
I've visited Flippa many times, most of the sites that claim to be making money with the classic "I'm focusing on other projects which is why I want to sell" seem like complete BS to me. Aren't the only people making money the guys selling the sites? Not true at all. I actually sold off my inventory of 40+ sites because I'm literally too busy with other projects. The people who bought my websites are now enjoying the cash-flow that I used to have.
Also, there's pretty much no such thing as a "Set/Forget" website that makes you money. Everything needs some level of maintenance, and every site has the potential to stop making money overnight if google changes it's logarithm.
I'm not very familiar with all of this but it does look interesting. Can you break down what exactly it is you're doing? How are you earning money from this? So you buy up websites, place ads on the sites, and get money from the traffic? Am I getting this right? Spot on!
I looked briefly at one of your links and you said that you work around 40-50 hours a week. My hours fluctuate considerably. Some weeks are 10, some weeks are 50.
Is this something I could do on my spare time if I just wanted a little supplemental income? Can I just do 1-3 websites and monitor them occasionally? Is it a situation where unless you spend a lot of time and money on it, you won't see results? I started my business part time while I was a full-time student with another part-time job. You can easily start up with 10 hours a week. Just depends on how big you want to go with it.
Will you be my dad? I'm probably the same age as you but I think we can make it work. That depends. How hot is your mom? And do I get to have sex with her?
Another internet marketer here - congrats on your success bro. :) I never mess around with search or anything SEO related because I feel like it's too unreliable to rely on Google's (constantly changing) SEO algorithm. Just last month, thousands of people lost their entire income through that BMR debacle. Do you think you'll be able to keep up your income forever? SEO can be unreliable if you are trying to cheat the system. I pretty much follow Google's golden rule of creating quality content for the user, and they have had my back so far with every update.
Can I have $200? What are you going to do to earn it?
Do you have a background in graphic/web design? What niches did you find that pay the best and what the worst? How much traffic do you get a month? How do you market the site and generate traffic? SEO, social media, PPC, etc? Approximately how many hours do you put into the site a week and how long has the site been around? Do you need any additional help? If so would you be open to a possible partnership? No, I actually studied Construction Management in college. - Best paying is like forex, mortgages, foreclosures, mesothilioma (sp?) etc. Worst are education, kids stuff, etc. But it doesn't matter what the niche is, you can still make money in any. And the higher-paying niches have MUCH more competition. - I get over a million visits a month. - SEO, Social Media, no PPC. The sites I buy, I do no marketing since they are already getting traffic. - My main site has been around 6 years. I probably put 10-30 hours a week into it. - Not interested in partnerships. I've got a few employees but don't need anymore.
I own loser.com ...there must be a way to monitize that. Any thoughts? Probably sell it. I'm sure someone will pay a small fortune for it..
I make around $450-$500 a month off two sports forums. Forums are better to get more user generated content. It's usually lower quality, but you get it for free. Forums are also typically harder to monetize because forum browsers know not to click on the adsense units.
Are forums or blogs better for adsense earning? Should I concentrate on bringing in more posters to the forum, or more readers to the blog? Blogs can be tough because you have to do ALL the writing, however you can have higher quality content and probably more clicks since blog readers aren't quite as internet savvy as the interactive forum users.
Fuck dude, did I read that right? One hundred thousand pages of unique content? How much content constitutes a page, on average? Are we talking several hundred word articles? I can hardly think of any sites that approach that size, except social networking sites or forums. Did you create fmylife.com or something? Reddit probably has several million pages of content. Many of the pages are forum threads. Not all the highest quality content.
If I were to buy a site from flippa, for example one of yours (to make things easy), what happens after I 'win' the bid? I get the domainname, the site, the hosting? Do I just need to replace your adsense-ID (and/or others) with mine, or do I have to place them manually? Exactly. You can just replace the adsense ID with yours. You'll have to get your own hosting account, but that is relatively easy. I don't currently have any sites for sale though.
Be sure to look through Flippa for a while to get a feel for what is out there. There's a lot of junk, so it might take a while to find a diamond in the rough.
I'm kinda hesitant about buying one in the first place, I kinda read these horror stories about G banning these sites after the transfer was complete. Just make sure you aren't buying some crappy site. Look for history of traffic/earnings.
How can you tell if they post legit traffic and earnings information? They could pad their stats a lot or a little, or the info could be legit -- but inflated because the owner buys traffic through Adwords, etc. You can ask for access to their Google Analytics account. You can't fake that.
Is that what you usually do when buying a site? Can you describe your due diligence when purchasing? I researched site flipping, domaining, affiliate marketing etc etc ad nauseum a few years ago, but I didn't want to just throw my money away. There's a lot of devil in the details. Also, use SEMRush.com, Quantcast.com, Compete.com, Alexa.com to verify that their site actually gets traffic.
Would you mind to give detailed practical tips to earn a 10th of what you earn? I understand the whole process might be complex, but I am sure there are certain tricks or considerations you could share. Finding a nice niche is the main thing as it appear... What cms do you use? -Where do you host your websites? vps, dedicated server? -Do you consider it "easy" to make a couple hundred a month? I am a computer science student, and I feel comfortable with administering servers, cms and programming. I've been thinking for a long time to start some useful website that could bring me some earnings, and I have a couple of ideas. But when I search for something like what I want to create, it seems everything is already invented, and I am late. One of my "brightest" idea, was to copy the concept of some rather simple foreign website which I liked and create the "spanish" version. What kind of website do you recommend? (forum, social website, a kind of wiki) I prefer Wordpress for sites where I'm writing the content. - You can use any host. If you aren't a high traffic site, then anything will do. - It really depends how you spend your time. - Forums are easy to set up, and once you have a userbase established, they typically grow over time. You don't have to do all the content for forums as well.
People actually click the advertisements on websites? What the hell..... Seriously! Just watch some internet newb surf the net. Literally ask them to google something, and stand behind them silently as they try to figure it out.
What's the advantage to doing this rather than say, buying domains that are typos of other major sites and putting a shit load of ads on them? You aren't really creating any value in the internet by doing that.
My Adsense account has been disabled due to "false clicks" or however they put it. I never clicked on ads myself, and asked for proof, but they have never responded nor have they ever reinstated my account. Have you ever had this issue, and if so, how did you solve it? Create a corporation, get an EIN and use that to sign up again. Or sign up as a friend/relative.
Where do you find outsourcers to write content for your lessor properties? Do you do any SEO at all to your sites or just hope for the best by having great content? Are you a BHW regular at all? I find contractors through ODesk. Some are crap, but sometimes you do find a diamond in the rough. I also don't do much content creation at all.
I do basic SEO things, but other than that I hope for the best with great content.
Don't know what BHW is.
How do you feel about flash game portals? I've owned one for a few years, only spent 2 days making it, and haven't advertised it since. It's only making $5-10 a month, but I've been thinking about upgrading it lately and advertising again. Worth it? Tips? Don't have much experience, but I know that flash games portals typically have low-quality traffic. Unless you are seeing huge traffic numbers, the traffic probably isn't worth a terrible amount.
Did you buy any cool "toys" with your earnings? 2000 BMW M5.
And the rest just sex toys.
I know the best way of getting into it is to jump head first, but what all is required for the maintenance? I'm sorry i'm totally ignorant to how this works but is it programming (more so what language i think it would be html?)? Or do you just alter the info of the website. I've answered this several other places. I'll probably add an FAQ to the body of the post.
Do people ever buy specialty retail sites on Flippa? Or would they only be interested on autonomous ones (drop shipping, etc)? What is the value rate on such sites? All types of sites are sold on flippa. No idea what the value rate is for those.
Can a brotha get a loan? Try prosper.com or lendingclub.com if you are seriously interested in getting a hard money personal loan.
Did you just make this to piss off $500 a month guy? Hahaha, yes, that is what inspired me to do this today. Although I'm not making it up.
How to best estimate what to pay for a website? I found some abandoned websites that I would like to buy, both without analytics and without adsense, but with great content. How to decide what to offer the current owner? Use Alexa.com, SEMRush.com, compete.com, quantcast.com, etc. to estimate traffic then go from there.
So do you just sit at home and make a shit ton of money? please teach me? It is my full time job. Read this thread - there's a lot of info I and others have been sharing.
What is adsense? Google "Adsense"
I apologize if someone has asked this already, but how many unique visitors do you get a month on your main site? Over a million.
I'm going to manage an affiliate program soon. Do you know of any good books with email templates? I'm looking for ideas for contacting potential affiliates. Any information on managing affiliates would be great. I'm in NV also. I don't read any books. Too short of an attention span. When you contact potential affiliates, make sure that you are offering them value and have a customized email. I get emails for affiliate programs all the time and just ignore them because they are either recycled letters or don't fit my site at all.
NV rocks for business!
I've been interested in creating a site about something I am interested in. The only problem is that since I am interested in it, I've found many online resources that pretty much suffice. Is it worth making an online resource (for say, a hobby/sport) when there might already be some decent but not prevalent info out there? Definitely, especially if you can do it better than the other sites. There are 10 google positions on the first page, so even if you have competition, you can still nudge your way in. Also, there are billions of search terms that people use to find different stuff...
Hopefully I didn't get here too late. I could put about $3000 towards a site. How much traffic do you think an average $3000 site would generate and how much would you expect to make monthly doing the things you've suggested in this thread? If you bought a quality site for $3000, you could probably be looking at a starting cash flow of ~$100 a month. You could probably increase it, but there are too many variables so it really depends on what you buy.
What about if you made a domain that was the same as another other than the extension? Ie. "startknitting.com" exists but sucks balls and is out of date. Would "startknitting.org/net" still be a good idea? You'd probably run into some legality issues there. I'd start with a different name and then try to blow them out of the water. Will take time though.
All right, I'll bite. I'm a graphic/web designer with far more coding experience than I'd like, and in that same vein I've ended up spending a good chunk of my time on SEO/staring at traffic graphics. How easy would it be for me to buy a site, flip it, and start earning money? Given that you already have the skills, pretty good. My strategy was never to buy/flip. It was always to buy/hold, but eventually I decided to change that strategy to just holding onto one site.
Is there any particular industry I should be looking at for this venture? Or is it just "pick whichever site looks promising?" This wouldn't be something I'd want to focus on full-time, but I'm a freelance designer so I would be able to allot hours to work on it between projects as needed. What does typical maintenance work look like for you? Pick something that looks promising, and also something that interests you at least somewhat.
What do you have to learn in order to start out doing this. Like, which books, websites should one read/study? I just jumped in head first. Learned along the way.
I never read books. Just figure stuff out as you go along - Googling things works best.
Could you explain what affiliate links are? For example, a link to a product on amazon with my Affiliate ID on it. If you click it, and then buy that product, I get a commission.
Could you please draw and post an image of how you have your google ads placed around / inside the content. Also, what link color schemes do you find works best? Color schemes that match the site are best. I typically put my adsense units in the top left, above or in the middle of the content.
I have an established (10 years) useful user-generated content site that gets ok traffic (1500 uniques a day) but only generates 800-1000 a month between AdSense and TextLinkAds. I've had no luck whatsoever with Affiliate programs, very few clicks and no sales at all, with thousands of views. Any advice to increase my earnings? Take a look at the FAQ. I don't give personalized advice. I've already answered questions like this all throughout the thread.
Are you, by chance, a local mom? Hahaha, nope. I see those scammy biz opp ads all the time too. Freaking gives making money on the internet a bad name.
Can you give an estimated "$/pageview" on some of the sites you've had ? :) All over the board. Sometimes a fraction of a cent, sometimes 10 cents.
Do you need to live in NV to have an S-Corp in NV? You should be a resident or else it might look suspicious.
Wait, isn't it against the Adsense TOS to say how much you've made? Already answered this a dozen times.
Do you actually make/work on/improve sites you own (other than your blog) to make money or just buy sites that are already making money? Yes, I work on my own site.
Spare change? Can you do a dance for me?
How do you actually make money though? Sorry i just wasn't sure by what you wrote on your blog/ Google "Adsense"
Are you a single mom that earns $5,000 a day from Google? Stay at home mom.
So every once in a while someone comes along and says "hurr durr guys I make X thousand dollars / month off ads". "Invest Y thousand dollars and get 50% return within months!" How full of shit is this on a scale of bullshit to horseshit? I don't see where I said anything about investing...
I didn't say you did. I'm not sure I understand what you are asking then.
Other than buying a site, are there other significant costs involved in getting started right away? Time!
How do you get a website to the top of the google results? SEO.
Can I get my friend to write me a script or code for this? Not sure if troll Or just extremely lazy.
Would I be able to sell my site, DominateDominion.com for anything? Getting tired of the game. It has a sponsorship from the creators of the game for weekly tournament prizes if that increases the value. Check the FAQ. I don't offer personalized advice. You could try listing it on Flippa.
Alright, well are the sites that claim to value it accurate at all? Hit or miss. Sometimes they get lucky and happen to be correct, but otherwise are pretty outlandish.
These are almost as bad as the "what you need, when you need it" spam sites. Thanks for polluting the Internet with your shitty web sites. That is not at all what I do. I actually run a very helpful online community. My success is partly attributed to the fact that my site is extremely helpful for people.
You may be able to fool some people with that description, but it's a load of crap. These sites are, in your own words, "hands-off" and "auto-pilot". I'm willing to bet the content of most of those sites have changed very little, if at all, over the years. How does that make it low content?
Have you ever thought of of shoring yourself and your employees to increase profit, there is some great talent out there in parts of the world where the average wage is significantly lower than the US. I've used some overseas contractors with limited success. I do business primarily in the US, so going overseas would just complicate things in terms of taxes.
He got downvoted because he's a parasite. It is SEO at its basest, simply there to make ad revenue. Microsites provide nothing of value. I don't have any microsites. Thanks though.
Um, you might want to watch out. It's against the TOS to post your adsense earnings, and with those exact figures it's fairly easy for them to trace it back to you.. Last thing you'd want is your adsense account blocked because of this :) Do some more research. You can't post more details like the click-through rates, etc. It is perfectly fine to share your total earning dollar amounts.
As a 14 year old, AdSense is also my main source of income. I'm pretty sure they don't want us to disclose how much we make, but it's great that someone my age can make money on the internet. I get it through YouTube, personally, but it still pays with AdSense. Nice man! Its great to see kids doing something productive! Don't let it get to your head though. Stay in school. Enjoy your young age.
I don't mean to be a party pooper, but 3 friends of mine were making $20-30k/mo on adsense per month, one day Google changed their rules and they are now ruined. Just be prepared, don't count on this success for life, and save money. Thanks, but Adsense only accounts for about 20% of my income. I'm also not doing anything sketchy or against the rules, so I'm not too worried about it.
Looks good man. I was making $2k a month up until 2 months ago when my adsense got banned. Some guys who I had a bad business deal with decided to sit there for hours and click my ads over and over. This turned into google thinking that I was cheating the system and banning me :( Sucks! Try signing up again under a different EIN.
How do you build sites with user generated content. Perhaps give us an example, real or made up. The tools you liked are good for proving and tweaking, but making something that generates its own content seems difficult, and key to the process. Reddit.com....
I'm currently making ~$400 in a small niche where I have the #1 position. Any advice on scaling (general advice) in an attempt to get rich like a playyaaaaaaaaa. Rank #1 for more keywords! Go broader.
Congrats srnc! I'm very pleased for you. I wish I was pulling in that kind of revenue. I have a site that does about $10 a day with a .23 click rate. If I could get that up to 5% I'd (theoretically) be doing $200 a day. But I've tried everything and it's just not an Adsense type of site I guess.. The only advice I have is to move your adsense unit around, try different sizes and different colors.
Man, I have tried everything, including compete site redesign. This is a site I developed myself, so changing look and feel isn't easy.... I just don't think it's an Adsense site.... Might not be. Try some CPA offers or affiliate promotions?
I think you broke Google's Terms of Service by telling us all this. Nope. Look more closely. You can't share some of the finer details... clicks, impressions, CTR, CPM, etc.
In before the next dot-com bubble bursts. Hurry! Why do you think I'm selling everything?
there was spam, now there is googleadsense, and a labyrinthine expanse of well-indexed garbage websites that clutter the google results. Using google now is like wading through a septic tank filled with liquid waste and floating shit so that parasites like 'srnc' can have their little payday. Not at all true. My main site is an authority site because it has been providing quality content to visitors for years.
'Quality content' produced by others, for you to exploit and parasitize. Someone is a little jealous!
Is reddit exploiting and parasitizing the content you create for them?
Sorry mate, you've already described your modus operandi in how you acquire these websites and set them up as cashcows/google clutter. There is no real contribution that you make, or any added value to be found in your net activities. You're basically the equivalent of a spam-sheister. Again, jealousy/ignorance coming through. You have no idea what I do and are just upset that I make more than you do.
Money for nothin' and chicks for free. False on both counts.
Nice try, google ad. = . = I can't imagine that Google is trying to spam Reddit...
I make you zero money by blocking ads. Ask me how! Oh fuck you, just use adblock plus. Thanks. Glad that not many people have that. However my affiliate links which make the bulk of my money are never blocked by your addon! Muhuhahahaha.
Commenting to come back later cause im stuck at work, and want to learn how to make 5 grand a month doing this shit. Cool. Be sure to read through this thread. Already answered a LOT of questions.
Keep working at it. Join us at the 4-5 figure daily profit club. It's pretty damn nice. Think more affiliate related stuff for expansion. Thanks man! I want to hit 1M/year soon.
Could you go into more detail concerning the SEO work. This seems like the most important and time consuming aspect of making a website get the traffic it needs. I just do basic SEO stuff with my main site. Keywords in the title, fresh content linked to from the home page, etc.
Last updated: 2012-04-20 22:59 UTC
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