A lot of small businesses are realizing that if they want to play with the big boys they need to get out of the kiddie pool. The best and really only way to do that is to become familiar with internet marketing. That’s why having a guide to internet marketing is not only important it’s essential to being successful in any kind of business.
First of all, what is internet marketing?
Simply put, it is internet advertising, also referred to as e-marketing and e-commerce. It’s affordable, highly effective and a great way to take your small business to the next level.
However, internet marketing is not only helpful for your local neighborhood coffee shop. Internet marketing is being used by network marketers, entrepreneurs, home business owners and anyone else who wants to get their company name out quickly and efficiently from really anywhere in the world to anyone in the world.
This may seem daunting to tackle this internet marketing on your own, and without the right tools at your disposal it could feel overwhelming. As with anything though, if you understand the objective and find the appropriate tools it’ll be a lot easier to be successful.
First it’s important to understand the objective and advantages of internet marketing. One great aspect of online advertising is it involves search engines. This is essential since search engines are the only opportunities that you can promote your service or product direct to the consumers that are actively searching for it.
Another advantage for companies is that internet marketing provides a way to track your progress, through sales, promotions and daily advertising. It makes your marketing measurable which is highly valuable for a couple reasons. For one, you can see what is working and what isn’t and adjust accordingly. Secondly, you can target certain clientele making your marketing more focused and essentially more successful.
Another benefit of internet marketing is that you can use e-newsletters to help get new customers and to keep past customers informed and reminded of your services and products. This also makes it easier to platform new services and new products at a fraction of the price it would cost to send out flyers or traditional newsletters.
That leads us to our next advantage of internet marketing, reduction of overhead. Remember the days of having boxes of flyers all over the office, or worse, all over the house? Having to find a desperate college student who was willing to work for peanuts to hand them out and deliver them. Or when the only way to remind a client about your products or services was to literally get in front of them? Now with internet marketing that’s all a thing of the past.
As you can see there are several advantages to internet marketing and there’s even more that we didn’t even mention. So if you’re ready to have your business booming and busting at the seams, internet marketing is the first stop in making that dream come true.
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Sunday, November 2, 2014
Become A Successful Forex Trader
The forex market is attractive because of its liquidity and all-day trading times. It is however extremely important to keep up to date with events that may affect your currency pairs. To be successful in this field you need to teach yourself everything there is to know about
the market. Decide on the best strategy for your style of trading and keep your emotions out of your trades.
Goals
Your first step is to define your goals and develop a trading style that will aid you in achieving those goals. Your trading style is unique and will require a different approach to another’s style. It also comes with its own risk level. If you find that you do not feel comfortable leaving a position open overnight, you should consider becoming a day trader. If you feel that you will benefit more by placing your funds for a longer period of time, you should consider position trading. Regardless of your trading style, you should ensure that your choice of trading style suits your personality. If you choose to ignore this, trading could become a stressful career.
Methodology
You need to determine a method to aid in your trading decisions. You have to know the levels at which you are willing to go into or out of a trade. Some traders choose to use the fundamentals of an economy and use appropriate charts to provide the best information for trading. Others make use of technical analyses and use charts as a means to place trades at particular times. Fundamental economic activity is suitable for long-term trading as opposed to chart patterns that are suitable for short-term trading. It does not matter which method you choose as long as you are consistent in your activities. The method you choose should be easily adaptable as this financial market changes at short notice.
Forex Broker
Prior to making a final choice of brokerage, you need to do your homework. Do not be hesitant to spend some time on researching the most suitable broker for your purposes. You must be aware of the broker’s policies. Read the documentation provided, particularly the small print. Choose a broker who offers you a platform that will provide you with the analysis you need. Ensure that you check on reviews posted about your potential broker. You can join forex forums to find out what others think of the broker you hope to use.
Demo Accounts
Once you have chosen a suitable broker and devised your trading style and strategy, you should open a demo account. This account will afford you the opportunity to test-drive your broker’s trading platform and your strategy. It is an ideal situation as demo accounts operate in exactly the same manner as a real trading account. The only difference being that you are trading with virtual currency and not your own money.
Forex trading can be an exciting and lucrative market to enter. You have to bear in mind that as lucrative as it is, you are also at risk of losing your money unless you devise a suitable strategy and trade accordingly.
the market. Decide on the best strategy for your style of trading and keep your emotions out of your trades.
Goals
Your first step is to define your goals and develop a trading style that will aid you in achieving those goals. Your trading style is unique and will require a different approach to another’s style. It also comes with its own risk level. If you find that you do not feel comfortable leaving a position open overnight, you should consider becoming a day trader. If you feel that you will benefit more by placing your funds for a longer period of time, you should consider position trading. Regardless of your trading style, you should ensure that your choice of trading style suits your personality. If you choose to ignore this, trading could become a stressful career.
Methodology
You need to determine a method to aid in your trading decisions. You have to know the levels at which you are willing to go into or out of a trade. Some traders choose to use the fundamentals of an economy and use appropriate charts to provide the best information for trading. Others make use of technical analyses and use charts as a means to place trades at particular times. Fundamental economic activity is suitable for long-term trading as opposed to chart patterns that are suitable for short-term trading. It does not matter which method you choose as long as you are consistent in your activities. The method you choose should be easily adaptable as this financial market changes at short notice.
Forex Broker
Prior to making a final choice of brokerage, you need to do your homework. Do not be hesitant to spend some time on researching the most suitable broker for your purposes. You must be aware of the broker’s policies. Read the documentation provided, particularly the small print. Choose a broker who offers you a platform that will provide you with the analysis you need. Ensure that you check on reviews posted about your potential broker. You can join forex forums to find out what others think of the broker you hope to use.
Demo Accounts
Once you have chosen a suitable broker and devised your trading style and strategy, you should open a demo account. This account will afford you the opportunity to test-drive your broker’s trading platform and your strategy. It is an ideal situation as demo accounts operate in exactly the same manner as a real trading account. The only difference being that you are trading with virtual currency and not your own money.
Forex trading can be an exciting and lucrative market to enter. You have to bear in mind that as lucrative as it is, you are also at risk of losing your money unless you devise a suitable strategy and trade accordingly.
Are You Interested In Forex Trading?
You have probably heard about Forex trading before but how much do you really know about this market? A lot of novice traders start investing on Forex without really knowing what they are doing and end up losing money. Do not make this mistake and learn about
Forex trading before you invest on this market.
Forex traders usually do not make a large profit until they gain years of experience on this market. You should not start trading and expect to earn a profit right away. Take plenty of time to learn as much as possible about Forex trading and start with small investments. Consider all your losses as investments you are making for a successful future as a trader.
Choose a reliable broker. You should do some research on different brokers, for instance by talking to other traders about the brokers they use. There are many Forex brokers to choose from but some of them are much better than others. Price is an important factor but you should not choose your broker only in function of the cost of creating an account. Try finding a broker with a strong reputation and several years of experience.
Learn to reduce your risks while trading. You can avoid making mistakes by following the trend as closely as possible. You should also sell as soon as your investment loses its value in order to minimize your losses. An investment might lose value at anytime, which is why you should use stop loss orders to get rid of your investments automatically even when you are not in the middle of a trading session.
Be realistic about your profit margin. You will soon acquire a better idea of how much you can expect to earn from an investment as you gain more experience with Forex trading. It is best to look for safe investments with a smaller profit margin rather than taking risks in the hope of earning a greater profit. Set a stop loss order to sell your investment as soon as you earn the profit you were expecting. This is a good way to secure your profit instead of waiting and taking the risk of seeing your investment lose its value.
You should avoid investing more than half of your available capital. It is best to always have some funds available in case you come across an excellent opportunity. Investing less than half of your funds is also a good way to minimize your losses. You could lose all the money you invested and still have enough in your account to earn a profit that corresponds to what you lost. Make very small investments at a time if you are still new to Forex and need to gain some experience.
These Forex trading tips will help you become a better trader and eventually earn a profit. Take all the time you need to learn more about trading before you start investing on the Forex market in order to minimize your risks.
Forex trading before you invest on this market.
Forex traders usually do not make a large profit until they gain years of experience on this market. You should not start trading and expect to earn a profit right away. Take plenty of time to learn as much as possible about Forex trading and start with small investments. Consider all your losses as investments you are making for a successful future as a trader.
Choose a reliable broker. You should do some research on different brokers, for instance by talking to other traders about the brokers they use. There are many Forex brokers to choose from but some of them are much better than others. Price is an important factor but you should not choose your broker only in function of the cost of creating an account. Try finding a broker with a strong reputation and several years of experience.
Learn to reduce your risks while trading. You can avoid making mistakes by following the trend as closely as possible. You should also sell as soon as your investment loses its value in order to minimize your losses. An investment might lose value at anytime, which is why you should use stop loss orders to get rid of your investments automatically even when you are not in the middle of a trading session.
Be realistic about your profit margin. You will soon acquire a better idea of how much you can expect to earn from an investment as you gain more experience with Forex trading. It is best to look for safe investments with a smaller profit margin rather than taking risks in the hope of earning a greater profit. Set a stop loss order to sell your investment as soon as you earn the profit you were expecting. This is a good way to secure your profit instead of waiting and taking the risk of seeing your investment lose its value.
You should avoid investing more than half of your available capital. It is best to always have some funds available in case you come across an excellent opportunity. Investing less than half of your funds is also a good way to minimize your losses. You could lose all the money you invested and still have enough in your account to earn a profit that corresponds to what you lost. Make very small investments at a time if you are still new to Forex and need to gain some experience.
These Forex trading tips will help you become a better trader and eventually earn a profit. Take all the time you need to learn more about trading before you start investing on the Forex market in order to minimize your risks.
An Introduction To Foreign Exchange Rates
Foreign exchange rates affect not only a country’s economy, but also the average man in the street. If you purchase a foreign item or you travel internationally, you are involved in this massive financial market. Most individuals are normally affected by the exchange rate when they travel. It is not possible for you to pay for goods or services in Europe with a US dollar. Before you travel to Europe, you will have to convert some of your US dollars for Euros, or you can obtain
Euros when you arrive in Europe.
Cost of Money
Modern economies are dependent upon their national currency. It allows the determination of the value of goods across all countries. The foreign exchange rate can be termed as the cost of one currency compared to another currency. For example if you require US dollars and you have British pounds, you can exchange one British pound for $1.52.
The History of U.S. Foreign Exchange Rates
All the world currencies used to be determined by gold reserves. It meant that any paper money issued by a government had to be equivalent to the same amount of gold held in reserve by that government. During the 1930s, the United States set the dollar’s value at a level of $35 to an ounce of gold. After the Second World War, other countries started basing their currency’s value on the US dollar. Since the U.S. had a set value to their dollar, it was simple for other currencies to use the same calculation.
The U.S. inflation rate increased, lowering the value of its currency. This made other currencies more valuable compared to the dollar and the US had to make a decision regarding their currency’s value. It was then determined that the value of the dollar would be reduced and the value of an ounce of gold was placed at $70. The U.S. removed the gold standard completely in 1971. This meant that its currency value was determined by market forces only.
Exchange Methods
Governments of different countries make use of two main systems to determine its exchange rate. These are pegged and floating currency exchange rates.
Floating Rate
• A floating exchange rate is determined by market factors. This means that a country’s currency is valued at the rate buyers are prepared to pay for it. The basis for this valuation is supply and demand which has driving forces such as inflation, foreign investment and other economic factors. This is not a perfect system as countries with unstable economies often suffer under the supply and demand economic law.
Pegged Rate
• A pegged rate is a fixed system whereby the rate is set and maintained artificially by a government. This rate generally suffers no fluctuation.
• National banks have to hold huge amounts of foreign currency to ride the waves of supply and demand. In the event that there is a sudden demand for a specific currency, the central bank has to release sufficient currency to meet that demand.
There are many determining factors related to foreign exchange rates. Those who wish to trade in this market should be aware of these factors.
Euros when you arrive in Europe.
Cost of Money
Modern economies are dependent upon their national currency. It allows the determination of the value of goods across all countries. The foreign exchange rate can be termed as the cost of one currency compared to another currency. For example if you require US dollars and you have British pounds, you can exchange one British pound for $1.52.
The History of U.S. Foreign Exchange Rates
All the world currencies used to be determined by gold reserves. It meant that any paper money issued by a government had to be equivalent to the same amount of gold held in reserve by that government. During the 1930s, the United States set the dollar’s value at a level of $35 to an ounce of gold. After the Second World War, other countries started basing their currency’s value on the US dollar. Since the U.S. had a set value to their dollar, it was simple for other currencies to use the same calculation.
The U.S. inflation rate increased, lowering the value of its currency. This made other currencies more valuable compared to the dollar and the US had to make a decision regarding their currency’s value. It was then determined that the value of the dollar would be reduced and the value of an ounce of gold was placed at $70. The U.S. removed the gold standard completely in 1971. This meant that its currency value was determined by market forces only.
Exchange Methods
Governments of different countries make use of two main systems to determine its exchange rate. These are pegged and floating currency exchange rates.
Floating Rate
• A floating exchange rate is determined by market factors. This means that a country’s currency is valued at the rate buyers are prepared to pay for it. The basis for this valuation is supply and demand which has driving forces such as inflation, foreign investment and other economic factors. This is not a perfect system as countries with unstable economies often suffer under the supply and demand economic law.
Pegged Rate
• A pegged rate is a fixed system whereby the rate is set and maintained artificially by a government. This rate generally suffers no fluctuation.
• National banks have to hold huge amounts of foreign currency to ride the waves of supply and demand. In the event that there is a sudden demand for a specific currency, the central bank has to release sufficient currency to meet that demand.
There are many determining factors related to foreign exchange rates. Those who wish to trade in this market should be aware of these factors.
All About Guerrilla Trading
The world of Forex is a fast-paced market based on trends, trading and skill. While there are all kinds of strategies for Forex traders of all skill levels, there are some that are reserved for the more experienced. These types of trading involve an advanced
knowledge of the ins and outs of the market to become truly successful. One such type is "guerrilla trading." Read on to learn more about this nimble advanced trading method.
So, what exactly is guerrilla trading? This is a type of trading that requires traders to be nimble and dart in the market and out of the market in short trading sessions to get quick profits while trying to retain minimal risks. Theses sessions tend to be shorter than those of scalpers and day traders. The only systems that have shorter time frames than these systems are high frequency systems.
The goal of a guerrilla trader is to earn low absolute profits for every trade. They must do this while trading multiple times in a session in order to get substantial gain. This gain is then used to justify any short-term trading risks.
There are several characteristics of a guerilla trading system. One is that they have incredibly short trading times that last maybe a few minutes to prevent too large a risk. By keeping profits smaller, they keep risk lower maybe keeping pips between 10 and 20. They try to keep potential losses between 5 and 10 pips. They perform a large number of trades; generally around 20 or 25 in one trading session when the conditions for frenzied trading are ideal. This system relies on technical analysis to time trades and may use 1-minute or tick charts fort pinpointing ideal exit and entry trading points. By keeping low commissions and spreads with the high-volume trading and low returns, this system is limited to major currency pairs that might have larger profits, but lower liquidity. Only experienced traders will truly understand enough to use this type of system by having years of trading under their belt so that they know how survive in the market. This type of rapid-fire trading could cause a novice to lose all of their capital in a couple sessions. Lastly, this system is reliant on calculated risk-taking that uses stop-loss on a trade with just a few pips. If the market is too aggressive or the loss risk is too high, they know when to stay on the sidelines.
Even if you are an experienced Forex trader, guerrilla trading may not be right for you. It takes an individual that can make decisions quick in a fickle market to boost their gains and reduce their losses. You must be emotionally detached from your trades and not regret making any of them. You have to have enough risk capital and know the proper amount to risk in total and individual trades. You must also have years of experience handling your own in high-pressure trading situations.
Guerrilla trading is a great quick trading option for those that have been in the Forex game a long time. While not a system recommended for new traders, it can work well for those seasoned traders that carry certain traits and want to earn quickly while keeping risks lower.
knowledge of the ins and outs of the market to become truly successful. One such type is "guerrilla trading." Read on to learn more about this nimble advanced trading method.
So, what exactly is guerrilla trading? This is a type of trading that requires traders to be nimble and dart in the market and out of the market in short trading sessions to get quick profits while trying to retain minimal risks. Theses sessions tend to be shorter than those of scalpers and day traders. The only systems that have shorter time frames than these systems are high frequency systems.
The goal of a guerrilla trader is to earn low absolute profits for every trade. They must do this while trading multiple times in a session in order to get substantial gain. This gain is then used to justify any short-term trading risks.
There are several characteristics of a guerilla trading system. One is that they have incredibly short trading times that last maybe a few minutes to prevent too large a risk. By keeping profits smaller, they keep risk lower maybe keeping pips between 10 and 20. They try to keep potential losses between 5 and 10 pips. They perform a large number of trades; generally around 20 or 25 in one trading session when the conditions for frenzied trading are ideal. This system relies on technical analysis to time trades and may use 1-minute or tick charts fort pinpointing ideal exit and entry trading points. By keeping low commissions and spreads with the high-volume trading and low returns, this system is limited to major currency pairs that might have larger profits, but lower liquidity. Only experienced traders will truly understand enough to use this type of system by having years of trading under their belt so that they know how survive in the market. This type of rapid-fire trading could cause a novice to lose all of their capital in a couple sessions. Lastly, this system is reliant on calculated risk-taking that uses stop-loss on a trade with just a few pips. If the market is too aggressive or the loss risk is too high, they know when to stay on the sidelines.
Even if you are an experienced Forex trader, guerrilla trading may not be right for you. It takes an individual that can make decisions quick in a fickle market to boost their gains and reduce their losses. You must be emotionally detached from your trades and not regret making any of them. You have to have enough risk capital and know the proper amount to risk in total and individual trades. You must also have years of experience handling your own in high-pressure trading situations.
Guerrilla trading is a great quick trading option for those that have been in the Forex game a long time. While not a system recommended for new traders, it can work well for those seasoned traders that carry certain traits and want to earn quickly while keeping risks lower.
A Managed Forex Account
These are forex accounts that are not traded by you, but by a money manager on your behalf. This is a similar situation to employing an investment advisor to trade
equities and bonds on your behalf. It is suitable for use if you do not have sufficient knowledge or time to trade yourself. Many traders do not want to learn the often complex and intricate mechanisms of this large financial market. Individuals who prefer having a professional manage their funds would prefer this type of account.
The Advantages of a Managed Forex Account
One of the most important advantages of a managed forex account is that your money is held by your broker and not by your manager. This gives the money manager the responsibility to do the trades for you, but he or she will not have the authority to withdraw money from your account.
The other advantages linked to this type of account are:
• Large brokerages offer you extensive experience in this market which you have access to. Your money manager will inspect your portfolio on a regular basis and diversify your investments if necessary.
• You do not need to have experience in the forex market as your manager will be doing your trades. This provides you with a knowledge base based on practical experience which is to your advantage.
• You will normally receive a daily report on all the positions you currently hold.
• The possibility of showing profits irrespective of the state of the market is increased by using this type of account.
• Through your money manager, you will have access to the market 24 hours of every day. If you choose to trade personally, there is always the possibility that you may miss out on a profitable trade because you were not online at the time.
Disadvantages of a Managed Forex Account
Since you are not personally managing your account, you may face several risks. The risk of being scammed is high as you may have chosen to use an untrustworthy broker. You may be assigned a money manager who is incompetent and this could cause you to lose funds.
Scammers should be quite easy to recognize as they will constantly request deposits from you. Their main aim is to get as much money out of you as possible. To avoid this risk, obtain details from your broker as to the manner in which your account will be managed.
Check if you have been assigned a normal account as the account will then be a personal one and in your name. This means that all the funding you put in will go to the broker. If you are assigned to a pooled account, your funds are normally sent directly to the money manager who is responsible for pooling funds received from various clients into an account that he or she controls.
One of the scariest aspects of a managed forex account is that you could lose all your money through incompetence. To avoid this, you should ensure that you read and understand your contract before you sign on the bottom line. You must be aware of who will be handling your account and the methods they intend using.
equities and bonds on your behalf. It is suitable for use if you do not have sufficient knowledge or time to trade yourself. Many traders do not want to learn the often complex and intricate mechanisms of this large financial market. Individuals who prefer having a professional manage their funds would prefer this type of account.
The Advantages of a Managed Forex Account
One of the most important advantages of a managed forex account is that your money is held by your broker and not by your manager. This gives the money manager the responsibility to do the trades for you, but he or she will not have the authority to withdraw money from your account.
The other advantages linked to this type of account are:
• Large brokerages offer you extensive experience in this market which you have access to. Your money manager will inspect your portfolio on a regular basis and diversify your investments if necessary.
• You do not need to have experience in the forex market as your manager will be doing your trades. This provides you with a knowledge base based on practical experience which is to your advantage.
• You will normally receive a daily report on all the positions you currently hold.
• The possibility of showing profits irrespective of the state of the market is increased by using this type of account.
• Through your money manager, you will have access to the market 24 hours of every day. If you choose to trade personally, there is always the possibility that you may miss out on a profitable trade because you were not online at the time.
Disadvantages of a Managed Forex Account
Since you are not personally managing your account, you may face several risks. The risk of being scammed is high as you may have chosen to use an untrustworthy broker. You may be assigned a money manager who is incompetent and this could cause you to lose funds.
Scammers should be quite easy to recognize as they will constantly request deposits from you. Their main aim is to get as much money out of you as possible. To avoid this risk, obtain details from your broker as to the manner in which your account will be managed.
Check if you have been assigned a normal account as the account will then be a personal one and in your name. This means that all the funding you put in will go to the broker. If you are assigned to a pooled account, your funds are normally sent directly to the money manager who is responsible for pooling funds received from various clients into an account that he or she controls.
One of the scariest aspects of a managed forex account is that you could lose all your money through incompetence. To avoid this, you should ensure that you read and understand your contract before you sign on the bottom line. You must be aware of who will be handling your account and the methods they intend using.
A Beginners Guide To Trade Currencies Like A Professional
With many people over the last few years having money just sitting in the bank earning next to nothing due to the very lower interest rates that the banks now offer, some have taken up trading on the currency markets. Once only the home of the big investors and governments, people can now get involved themselves for as little as $50 with some
brokers. Now that amount is not something that is going to make you rich, but you need to start low and work your way up. Making money from trading the Forex markets can be as difficult as you make it.
When you do some research into trading on the Forex markets you have probably come across numerous pictures that show the currency pair moving up and down, and then it is probably covered in lines, and underneath is a number of graphs. Well unless you understand all of them and how they work, switch them off. Do not fill your trading screen up with all kinds just to try and make it look good. The best advice a professional trader will give a beginner is to setup the screen to show one currency pair that is trending, shown in candlestick mode, with nothing else on the trading screen.
This means that you are setup to just watch the way the currency pair behaves, and this will give you a feel for the way the markets move. If you are a beginner, then you should not be looking to be doing any scalping (very short term trades), so your timeline should be at least 1 hour, but preferably 4. This is to teach you to be patient, if you are watching shorter timelines and a market looks like it is going against you, then you are likely to bail out at a loss. Whereas people who have patience will have no interest when the market turns against them, as when they look at the screen after an hour it has recovered in their favor.
You may have to spend a long time staring at the market, but once you have entered a trade, walk away and do something else. You have either set a stop loss as a value, or you may time your trades, and bail out after a set time. It is recommend you use a set value though.
Some people prefer to set a trade and leave it for a day before they decide to take action on it, and if you really want to go for the long term then you would be looking at being in the marker for weeks. If you do that and get it right then it can really pay off big time. Whatever timeline you decide to start with though, stick with it, if you keep changing it then you will not get the feel for any of them. When you see a professional trader on TV, you will not see them flicking through various screens and constantly changing settings.
brokers. Now that amount is not something that is going to make you rich, but you need to start low and work your way up. Making money from trading the Forex markets can be as difficult as you make it.
When you do some research into trading on the Forex markets you have probably come across numerous pictures that show the currency pair moving up and down, and then it is probably covered in lines, and underneath is a number of graphs. Well unless you understand all of them and how they work, switch them off. Do not fill your trading screen up with all kinds just to try and make it look good. The best advice a professional trader will give a beginner is to setup the screen to show one currency pair that is trending, shown in candlestick mode, with nothing else on the trading screen.
This means that you are setup to just watch the way the currency pair behaves, and this will give you a feel for the way the markets move. If you are a beginner, then you should not be looking to be doing any scalping (very short term trades), so your timeline should be at least 1 hour, but preferably 4. This is to teach you to be patient, if you are watching shorter timelines and a market looks like it is going against you, then you are likely to bail out at a loss. Whereas people who have patience will have no interest when the market turns against them, as when they look at the screen after an hour it has recovered in their favor.
You may have to spend a long time staring at the market, but once you have entered a trade, walk away and do something else. You have either set a stop loss as a value, or you may time your trades, and bail out after a set time. It is recommend you use a set value though.
Some people prefer to set a trade and leave it for a day before they decide to take action on it, and if you really want to go for the long term then you would be looking at being in the marker for weeks. If you do that and get it right then it can really pay off big time. Whatever timeline you decide to start with though, stick with it, if you keep changing it then you will not get the feel for any of them. When you see a professional trader on TV, you will not see them flicking through various screens and constantly changing settings.
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