The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote.
Forex quotes are always expressed in pairs. In the following example, your "pair" of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The currency to the left of the / (USD in this case) is referred to as base currency and its value is always 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies.
Because the U.S. dollar is regarded as the central currency of the Forex market, it is always treated as the base currency in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions.
In this example, your "pair" of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The currency to the left of the / (JPY in this case) is referred to as base currency and its value is 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies.
The goal of any Forex trading system is to profit from foreign currency movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends.
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1. Generating traffic to their website
2. Closing their own prospects on their products or business
3. Lack of credibility (nobody wants to follow someone that has had NO success)
The carbon copy pro system addresses these issues so that the new person can make sales while learning to market and brand him or herself. When someone goes to your carbon copy pro site and fills in their information you have professional closers that follow up and call your prospects to answer questions and get them started in your business. That eliminates the hassle of having to follow up and close your own people when you have no credibility or success story. Especially since you are new and don't know what you are doing.
There is something very important to understand here. This allows you to create your success story and begin the process of branding yourself while you are having success with the carbon copy pro system.
So the new persons job is simply to send traffic to the carbon copy pro system and let the professionals do the work in the beginning building up your success story. You simply have to make sure your systems pipeline is continuously filled with prospects and the carbon copy pro will be closing sales for you generating you $1,000+ paychecks like clockwork. The power can really be multiplied because every time one of your new business partners makes a sale in carbon copy pro you also get paid!
The new persons goal in the beginning is to learn how to market the carbon copy pro system and thats where your teams marketing strategies and skills will be important. The carbon copy pro system has a massive database of free and low cost marketing methods and if you join the right team they should be using other methods that will double your success. Follow the advice in this article to make sure you find the right mentor.
You MUST READ BELOW the importance of joining the right team. It is IMPERATIVE to your success in carbon copy pro.
So as you can see carbon copy pro has eliminated some of the MAJOR roadblocks a new person has when promoting a business online, mainly lack of credibility or success story and the need to close your own prospects when you haven't even made a darned dime yet!
The difference between $5,000 a month and $30,000 a month in your carbon copy pro business will be dependent on the mentor and team you join.
This applies to any company, any business or almost ANYTHING you do in the future where you will need help or guidance from someone else.
Before joining anyone in carbon copy pro do some research on who you are joining. Remember that this is going to be the person that leads you and teaches you how to market and become successful in carbon copy pro.
HERE IS WHAT YOU SHOULD BE LOOKING FOR
1. Someone that is already having success with a system you can follow.
2. Someone who stands apart from the crowd - ANYONE can join carbon copy pro and make money. Absolute newbies are making a few thousand dollars a month. But if you want to EXPLODE your profits you need to learn from someone that is doing more than the status-quo. Ask them what they are doing that nobody else is. Ask to see websites of articles proving their claims.
3. Someone that will teach you to brand yourself and become the "expert" in your industry. You can't hide behind someone else's success story forever. You don't want to hide behind the scenes forever. You will NEVER make the serious millionaire income hiding behind a website where someone else does all the work for you. While you are building your success story in carbon copy pro you need to learn to brand yourself as the expert so you can lead your own team.
4. Someone that you get along with. When you see their video you should feel like you could get along with them and have something in common or trust them.
LIST OF QUESTIONS TO ASK YOUR POTENTIAL MENTOR
1. How long have they been marketing online
2. How many people have they trained?
3. What do they offer that others do not?
4. Can you see testimonials and contact people they have mentored?
It cannot be emphasized enough the importance of joining the right team or mentor! This research may take you a little more time but it will be well worth the effort when you are making $4,000 a week vs. $1,000
Both Gregory Devictor & Jacob Hyten are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gregory Devictor has sinced written about articles on various topics from Video Games, Forex Trading Forex and Online Forex Trading. Gregory DeVictor is a consultant who has been developing and marketing web sites since 1999. You can learn more about how to develop your own Forex trading system at:. Gregory Devictor's top article generates over 27100 views. Bookmark Gregory Devictor to your Favourites.
Jacob Hyten has sinced written about articles on various topics from Multi Level Marketing, Home Businesses and Forex Trading Forex. Keith Carey and Jake Hyten are internet marketing experts who have combined their more than 30 years of experience in networking and marketing to help their teammates generate $1,000 per day in carbon copy pro using traditional as well as the new web 2.0. Jacob Hyten's top article generates over 27100 views. Bookmark Jacob Hyten to your Favourites.
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