Once I started running my business from home, however , reality set in very quickly!

* The days of commuting to and from a workplace with a defined work schedule are gone.

* The days of being accountable to a “boss” are gone.

* The days of doing “home” stuff while at home and “work” stuff while at work are definitely gone!

In the early days of my business, I would actually feel guilty if the house was not spotless and I was spending too much time in the office (justified by “billable hours”). Or I would feel guilty if the house was clean and the laundry was done, but I wasn’t making enough money.

It’s enough to drive an entrepreneur insane!

So how do you handle it? Here are some tips that have helped insure my sanity over the years:

1 . Create a separate workspace that works for, not against, you.

Whether you’ve taken over a spare bedroom, a corner of the basement or the dining room table, be sure that you have a space that is yours just for working (even if it is just for work between certain hours and for eating at other times).

In deciding where you want to work, you need to first determine HOW you work.

Do you prefer a lot of space? Do you work with piles or does everything need its own file folder? Do you prefer a clear workspace with nothing except your current project or do you like to have all ongoing projects in sight?

Regardless of your work style, you need an area that works for you and that is just for work.

2 . Beware of shiny objects.

In setting up your office, don’t run out and buy every gadget known to man. It’s tempting to get the best of everything right off the bat – resist the urge!

Get the basics and add things when there is a need. For my purposes, the basics are: a good laptop, a multi-line telephone with speakerphone and mute, a color laser printer, a scanner and a separate hard fax machine (in addition to my electronic fax account). What you need will depend on how you work with your clients.

3. Limit the chatting.

Once they hear you are working from home, many friends and family (especially those who are home during the day) will think nothing of calling or IMing you throughout the workday and, while you may love to chat or IM with your friends and family, be sure they know when you are working. It is too easy to fall into the habit of chatting with someone and then realizing you’ve spent an hour or more of your workday and haven’t finished the project or made your calls.

Save the visiting for after your workday is complete or when you are taking a break.

4. Know when to say “when”.

Starting and growing a new business is invigorating! I love what I do and draw a lot of energy from it. That said, be sure you set limits on how long you spend working each day so as not to drain yourself.

My workday typically starts around 8am and I go until lunch when I take a break, grab the dogs and go for a walk. Once back, I work for a few more hours and then do a final check of everything in the evening. This schedule works well for me. You need to find one that works for you – if you have children, your prime workday may be while they are at school or after they’ve gone to bed.

5. Do what you do best.

Working from home can lead to a sense of isolation and the feeling that you need to do everything yourself. You don’t.

Focus on those things that you do best – the reasons why you chose to go into business for yourself – and outsource the rest. A virtual assistant can help you with all those tasks that you shouldn’t be spending time on. It is better for your business to hire someone, say to do the books, than it is for you to spend X hours trying to figure it out when you could be marketing your business or working directly with your clients.

6. Automate, automate, automate.

When possible, set up your systems such that regular tasks are as automated as possible. Do you have an evergreen (i. e., never changing, same for everyone) welcome email that you send all your new clients? If so, set up an autoresponder.

Need to keep track of projects and have updates automatically sent to clients? Use an Intranet solution such as WebOffice. Need to explain something “in person” to a potential client? Use a webinar.

To the extent possible, you want to be working in your home office, not running around during the work day. As an entrepreneur, commuting and waiting cost you money. Use technology to your advantage.

7. Get out and visit.

As you work on your marketing plan, get new clients and generally build your business, it’s easy to forget the outside world exists.

Be sure you get out of your home office (and your pjs) at least once a week. Go anywhere there are people: the gym, a favorite coffee shop, networking events, out with friends, etc . It’s not healthy to become a recluse and you’ll get far more ideas by mixing with people.

With a little planning, you can create a home office environment that suits both you and your business.

Copyright 2006 Sandra P. Martini

Automated Forex System Trading Robots

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Forex traders have grasped onto the thought of automated forex trading. You can trade in this market in four manners. These are automated trading, managed accounts, trade signals and self directed trading. The best part of the automated version is that it has no down side and incorporates all the advantages of the other types of trading.

There are 2 major pitfalls associated with being involved in self directed trading these are poor money management and the emotional factor. The emotions are that are fatal to the success of this are greed and fear. They stay in the trade too long as they either are greedy or the get out of it as they are scared.

The automated system takes this out of the equation. Trades are carried out with the help of exit and enter points that have been set up within the program. A third negative to non-automated dealing is time. Automation takes care of this quite nicely. For people who wish to trade in countries that have different business hours, this is also ideal.

This form of dealing is for selling and buying on the foreign exchange markets twenty four seven. This is passive income at its best as you can spend your time elsewhere while money is being generated passively.

Behind the scenes, expert advisers are working on your behalf and in line with the instructions you have given. You’ll be able to preset the boundaries and the system will operate in line with that. This permits the system to enter and exit precisely when you want it to.

You’re able to set numerous parameters within the automated forex trading system. These include your rules for trading, price level proximity, technical indicators, averages, price points, price patterns and market trends. All of this gets you extra income and more time to enjoy things you like most.

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Since 2000 the Foreign Exchange Market has had to deal a lot with trying to watch for scams. Traders are having to keep a watchful eye on where and who they trade with. It is becoming an ever increasing nuisance for the Forex trading markets. It goes without saying that nothing is without attack from scammers and con artists; they are literally everywhere. The forex trading market was actually intended for big wig investors and banks, not individuals, but through the years that has changed. There are thousands upon thousands of individuals trying to tap into this market, many more that have gone bankrupt.

On average the individual forex trader loses about $15,000; this could be daily, weekly or monthly, on scams. And while there are many legitimate brokers and companies’ genuinely looking to help Forex traders, there are several more who are out to make themselves rich. This has been proven by the North American Securities Administration Association which states, "Off exchange forex trading by retail investors is extremely risky and even outright fraud."

It’s extremely important to watch out for con artists claiming to be legitimate dealers. These con artists come in all shapes and sizes, so called, company wise. They might have the most legitimate looking web-sites and best so called, "Testimonials" out there… but really, it doesn’t cost that much to create a professional looking web site. These con artists claim they can get you the largest profits "guaranteed" which to anyone should be a red flag; "hello!" Anything that says guaranteed is obviously a scam, because nothing is ever guaranteed, EVER!

In 2008 the CFT or Commodity Futures Trading Commission sought to find a solution to this problem and created a special task force to deal with these types of fraud in the Forex market. But while that is great or even comforting to know, it’s even more to important to realize that they Forex market is a zero-sum game. Just like nothing is actually guaranteed, the same goes for this. While one wins, the other loses… ultimately causing the one with the biggest account to go bankrupt.

Make yourself aware of what’s going on in the forex market. Scams to look out for include, but are not limited to: improperly managed accounts, false advertisement, and just outright fraud by con artists claiming to be brokers or investors. Think of forex trading as gambling (because that’s actually what it is) and think about how if your undercapitalized what you might be subject to; that’s right, gamblers ruin… meaning… you’ll get in way over your head and lose everything.

There are many companies out there already that have criminal investigates pending, so be smart and do a background check before you make a decision to use anyone company or software. Here are just a few names of convicted scammers: Russell Cline, Russell Erxleben, Richard Matthew, Jr. and Joel N. Ward. And lets not forget the Wincapita company that is under criminal investigation. There are many more to name, so go online and do a search for yourself. Find the companies to stay away from and heed the warnings.

Technorati Tags: Forex Scam, markets, scam artist, trading

>>>Go here to learn how to Automate Your Forex Trading so you don’t need to worry about using indicators

Most FOREX traders rely on technical analysis and indicators when planing their trading strategy. This article will discuss how to trade forex without using indicators and instead use fundamental analysis. After reading this article you should have a better understanding of fundamental analysis and how to use it as part of your FOREX strategy.

Political and economic changes are the basis of fundamental analysis. These can frequently affect currency prices. Traders that take advantage of fundamental analysis will gather their information from a variety of news sources.

Unlike technical analysis where those focus is on technical indicators and charts formations, Fundemental Analysis focuses on events that can have a dramatic effect on the direction of the currency markets. Traders are looking for information about unemployment forecasts, political ideologies, economic policies, inflation and growth rates.

Fundamental analysis will provide you with an overview of currency movements and a broad picture of the economic conditions. Many traders then combine their fundamental analysis with technical analysis to plot actual entrance and exit points as well as confirming the information provided by their fundamental analysis.

>>>Go here to learn how to Automate Your Forex Trading so you don’t need to worry about using indicators

The FOREX market, like any free market, is controlled by supply and demand. Many economic factors can affect the balance between supply and demand. However, in the Forex currency market the two most critical ones are interest rates and the strength of the economy. The overall strength of the economy is affected by changes in the GDP, trade balances and the amount of foreign investment.

There are also many economic indicators released by government and academic sources. These indicators are usually released on a monthly basis but will sometimes be released weekly. These are pretty reliable measures of economic health and are closely followed by all fundemental traders.

Again for Forex traders some of the most important and commonly followed are : interest rates, international trade, CPI, durable goods orders, PPI, PMI and retail orders. Interest Rates, in particular, can cause a currency to swing dramatically either up or down.

In some cases, high interest rates will attract foreign money, however high interest rates will frequently cause stock market investors to sell off their portfolios and this will spill over into other markets like the Forex. They do this believing that the higher cost of borrowing money will adversely affect many companies. If enough investors sell of their holdings in can cause a downturn in the market and negatively affect the economy.

International Trade – If there is a trade deficit (more items imported than exported) it is usually considered

a negative indicator. When there is a trade deficit it means that more money is leaving the country to buy foreign goods than is entering the country and this can have a devaluing effect on the currency. Usually though trade imbalances are already factored into the market consideration.

If a country normally operates with a trade deficit then there should not be an affect on the currency price. The currency price will normally only be effected by trade differences when the deficit is greater than the market expected.

The measurement of the cost of living (CPI) and the cost of producing goods (PPI) are a couple of other important indicators. You should also watch the GDP which measures the value of all the goods produced in a country and the M2 Money Supply which measures the total amount of currency for a country.

In the US alone, there are 28 major indicators, these can have a strong effect on the financial market and should be closely watched. This information can be found many places on the internet and is provided by many brokers.

>>>Go here to learn how to Automate Your Forex Trading so you don’t need to worry about using indicators 

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>>>>Forex Professionals Use Software like this to Make Better Trades

Have you been wondering how you can trade the Forex like the professionals do, but think it’s too difficult?

Well, it’s not. That is the purpose of this article..Forex How to Trade Like a Professional. Here’s a look at some tips that will have you trading forex and making more profits.

How often have you found yourself thinking, if only I could learn how to trade the forex like the pros? If you’re like I was a few years ago the answer is more than just a few times. The truth is though; you can learn to trade professionally and not be like 90% of the people who lose money in foreign exchange trading.

The secrets of trading forex are not all that difficult once you begin to put them into action. Here are a few tips that will help.  Get the best, most reliable forex software program you can find. Be sure if offers a demo account where you can practice and experiment with trades without using your own "real money".

The best programs offer "live" simulators to you make real "paper" trades in real time and monitor your results. This is not only only a great tool for new traders, it also helps traders of all experiance levels develop and test new strategies before putting real money at risk in the market.

When you move from paper tradiing to making trades with real money you need to have systems in place to keep your emotions out of your trading decisions. Many good trades go bad because of emotions then anything else. 

If you have a system and a set of trading criteria that you use then you need to stick to the rules you have establish. Get in and out of the maket based on your metrics and not emotion! 

You must have a strategy to follow when trading. This especially true in the fast moving Forex market. Those who rely on guess work inevitably make bad decisions and lose money. If you have a tested, profitable strategy and use it every day, you should make money.

One final tips is that is pays to shop around to find the right trading firm to handle you trades for you.  Some firms specialize in helping new traders while others assume you already know what you are doing.  So if you need some hand holding then go with a firm that offers that level of support. 

>>>Need a Forex Currency Trading Account? Click Here

You will also find that there is wide range of prices per trade.  Remember, that all other things bein equal, go with the firm with the lowest commision per trade.  The less you pay the more you make on your trades. It can really add to you bottom line over time.

These tips may sound trivial however, it would be a mistake to underestimate how powerful they really are. I hope you’ll put them into action.

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Technorati Tags: Currency, Forex, Forex How to Trade Like a Professional, Professional, trade, trade like professional, trades

Forex trading is getting more and more popular. The great thing about trading forex is that you can make money without knowing anything about trading currencies. How is this possible? By using a forex robot! In this article you will get information on what forex robots are and how you can become a successful currency trader even if you are an absolute forex newbie.

Forex trading can be an amazingly profitable business. Not only are you able to make money while the value of foreign currencies is rising, but you can also make equally as many profits even when the market is going down. Unfortunately, because the forex market never sleeps, it means you could potentially miss out on really lucrative market conditions if you’re away from the computer and not watching the market changes as they happen.

Serious forex traders understand just how volatile the forex market can be and so will happily invest in forex robots to help them automate their trading strategies. Forex robots can be pre-set to watch the market for you while you spend your time doing things you enjoy instead.

You simply set your forex robot to watch particular currency pairings you want to monitor and when the market conditions and pricing spread reach a predetermined amount, your forex robot places a trade for you using your account so that you’ll never have to worry about missing out on profits.

A forex robot is simply a piece of software that runs in conjunction with your forex trading account. Your robot will watch the pricing of your chosen foreign currencies as they move and when the pricing reaches your preferred level of profits, the forex robot places your trade to realize your profits the moment they happen – day or night.

Not only are forex robots able to react instantly to beneficial market conditions, but they’ll also react equally as swiftly in the event of a market downturn. Imagine if you’d placed a trade for a particular foreign currency and then went off to sleep for the night, only to wake up the next morning to find the market had crashed overnight while you were dreaming. It’s physically impossible for a human being to sit awake for 24 hours a day every single day of the year – but forex robots are able to do precisely that.

By using forex robots to solidify your trading strategy, you’re actively able to continue to make profits even if you’re out playing golf or spending time with the children. Your robot does the hard work of watching the market for you.

As with any piece of software, it’s important to spend a little time getting used to how they work and what capabilities or limitations they may have. You’ll also need to work out what your actual trading strategy is so you can program your forex robot with specific instructions of when it should place trades and when it shouldn’t.

Once you understand how forex robots fit into any serious forex trader’s profit-making strategy, you’re in a great position to begin building enormous profits at any time of the day or night with your own trading business even if you’re nowhere near your computer at the time!

However, you have to be careful! There are only few forex robots that actually work.To learn more about a forex trading robot that works great for me and is indeed fully automated go to: Learning To Trade Forex.

By Sandra Stammberger Published: 2/18/2009

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