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Basic Concepts of Forex
October 27, 2007
How is foreign exchange traded?
Currencies are quoted in pairs, such as EUR/USD or USD/JPY. The first listed currency is known as the base currency, while the second currency is called the counter or quote currency. The base currency is the “basis” for the Ask or the Bid. For example, if you Ask EUR/USD you have bought Euros (and simultaneously sold dollars). You would do so in expectation that the Euro will appreciate (go up) relative to the US dollar. FX is traded in lots, which represent 100,000 units of the base currency. If the EUR/USD is quoted at 1.2253, that means that one Euro is currently worth just over $1.22. If the market moves from 1.2253 up to 1.2254 that represents a move of one pip. A pip is the smallest increment a currency pair can move and in the case of the EUR/USD currency pair a pip is worth $10 in a 100K account and is $1 in a mini account.
An FX Trade Example
If you think that the Euro will rise relative to the U.S. Dollar you would Ask one lot of the EUR/USD currency pair.
The EUR/USD is trading at 1.2553 when you Ask it.
The EUR/USD is trading at 1.2674 when you Bid it.
You bought at 1.2553 and sold at 1.2674 for a profit of .0121 or 121 pips.
Each pip is worth $10 in the 100K account.
121 pips x $10 = $1,210 profit
In FX, you also have the opportunity to short (Bid first) a currency pair if you think it will fall in price.
If you think that the Euro will fall relative to the U.S. Dollar you would Bid one lot of the EUR/USD currency pair.
The EUR/USD is trading at 1.2659 when you Bid it.
The EUR/USD is trading at 1.2523 when you Ask it.
You bought at 1.2523 and sold at 1.2659 for a profit of .0136 or 136 pips.
Each pip is worth $10 in a 100K account.
136 pips x $10 = $1,360 profit
While these are profitable examples, remember that ending up on the wrong side of a trade can cost you a lot of money.
Currency Pairs
What is the significance of currency pairs?
A currency pair represents the exchange rate between the two currencies. For example, the rate at which the EUR/USD is trading that represents the number of US Dollars one Euro can purchase. The first currency is called the base currency and the second currency is called the counter currency.
An example of how currency pairs trade is if a trader believes the Bank of Japan will intervene to cause a decrease in the Yen against the US Dollar, then the trader would Ask USD/JPY (Ask the US Dollar/Bid the Yen). However, if the trader believes that Japanese investors are losing faith in the United States’ economy and are pulling money out of the US into Japan, then the trader would Bid USD/JPY (Bid the US Dollar/Ask the Yen).
This is an example of how currency pairs are listed on trading stations.
The currency pairs are listed on the left side of the column. The Bid price is the level at which a trader can Bid the currency pair and the Ask price is the level at which a trader can Ask the currency pair.
The Concept of Leverage –
What is leverage?
Leverage allows traders to borrow money and use that money to invest in the foreign exchange market. Because of leverage, clients without a huge amount of capital are able to make large investments, whereas in other markets such as the equities market, clients would have to pay 50% of the full amount for each share of stock they were investing in. Most market makers allow positions to be leveraged up to 100:1. This means that if a trader wanted to Ask a “lot” worth $100,000, with 100:1 leverage the trader only has to put up $1,000.
Leverage is about risk. Increasing your leverage increases both your opportunity to take bigger profits AND rack up bigger losses.
It’s easy to see in this graph that the amount of margin required in taking positions in the currencies market is much less than in the equities and futures markets.
What is margin?
Margin is a performance bond, or good faith deposit, to ensure against trading losses. The margin requirement allows traders to hold a position much larger than the account value.In the event that funds in the account fall below margin requirements, your broker will close some or all open positions. This prevents clients’ accounts from falling into a negative balance, even in a highly volatile, fast moving market.
For example, let’s say you have an account with $10,000. That means you have $10,000 of usable margin. If you use $7,000 to Ask 7 lots of USD/JPY, you now have $3,000 of usable margin left, meaning that you are allowed to lose $3,000 before you are under the margin requirement. The account equity remains at $10,000 until you begin to make or lose money on the position. Now, if the USD/JPY decreases to the point that you end up losing the $3,000 which is left in your account, then the broker will close all of your positions to ensure that you do not lose more than you have in your account.
How are leverage and margin related?
Leverage and margin are related in the way mentioned above – the amount of leverage a market maker gives to a client defines the amount of margin that the client will have to commit in order to take a position in the market. For example, when leverage is 100:1, the “
1”
in the leverage ratio signifies the amount of capital the customer has invested of his own money, which is also known as the margin.
Trading Costs
How much does it cost for a trader to make a trade?
Traders do not take positions on a currency pair at the exact rate at which the currencies are trading. Instead, there are two rates for the currency pair: the bid rate and the ask rate.
• The bid rate is the price at which traders can Bid the pair.
• The ask rate is the price at which traders can Ask the pair.
This is an example of a currency pair. The ask (Ask) rate is higher than the bid (Bid) rate and the spread is 3 pips, meaning that if a trader Asks this pair, then the Bid rate of this pair will have to go up 3 pips in order for the trader to break even.
The ask rate will always be higher than the bid rate. The difference between the bid rate and the ask rate is the spread. The spread is an automatic cost that the trader incurs when making the trade. Because of this spread, traders will take a position they started with a small loss and will need to gain some profit in order to break even.
For example, if a trader Asks into a position at the ask rate, and then immediately closes the position at the bid rate, the trader will incur a cost equal to the spread.
These spreads are seen in every kind of market. However, because of the broker-based system in the equities and futures market, it can sometimes be difficult to identify where and how much the spread cost is.
Fundamental Analysis
What influences prices in the forex market?
Prices in the currencies market are affected by macroeconomic factors, such as inflation, unemployment, and industrial production. Information on events such as these is easy to find and are based on their analysis of economic data, which traders take positions on the market to make profit.
There are three main macroeconomic factors a trader should focus on when analyzing foreign exchange rates:
Interest Rates: Each currency has an overnight lending rate attached to which is determined by that country’s central bank. Lower interest rates usually lead to depreciation in the value of the country’s currency
This is largely due to traders who execute carry-trades. A carry-trade is a trade where a currency with a low interest rate is sold and a currency with a high interest is bought. This is based on the idea that currencies with higher interest rates will generally rise in value, and will rollover and allow trades to earn interest on a daily basis.
Employment: The unemployment rate is a key indicator of its economic strength. If a country has a high unemployment rate, it means its economy is not strong enough to provide people with jobs, and thus, leads to a decline in the currency value.
Geopolitical Events: Key international political events that affect not only the foreign exchange market, but all other markets as well.
Fundamental Analysis Techniques
How does fundamental analysis explain long term trends?
Fundamental analysis is very useful for determining long-term trends within a currency pair. By focusing on long term economic factors that affect countries, fundamental analysis predicts long term trends.
Currency Pair Relations
EUR/USD
When the dollar weakens the EUR/USD will rise and if the USD recovers then a strong foreign demand will send EUR/USD lower If you think the U.S. economy will become weaker and hurt the US Dollar, you can ASK, which means that you are Asking Euros and expecting them to go up against the US Dollar.If you think that there will be increased foreign demand for US financial instruments such as equities and treasuries, and that benefit the US Dollar, click on BID, which means that you are Asking U.S. Dollars, expecting them to climb in value against the Euro
USD/JPY
Japanese government intervention to weaken their currency sends USD/JPY higher and gains in Nikkei and demand for Japanese assets drive USD/JPY down. For example, you think that the Japanese government will continue to weaken the yen in order to help its export industry, you would click on ASK, expecting the U.S. dollar to increase in value against the yen. If you think that Japanese investors are pulling money out of U.S. financial markets and repatriating funds back into the Japanese asset markets, such as the Nikkei, you would click on BID. This means that you expect the Yen to strengthen against the U.S. Dollar as Japanese investors Bid their assets and convert their Dollars back into Yen.
GBP/USD
High Yield and attractive growth in the UK drives GBP/USD higher speculation about UK adopting the euro will send the GBP/USD lower. For example, you think the British economy will continue to benefit from its high yield and attractive growth, thus buoying the Pound, you would click ASK, which means that you expect the British Pound to strengthen against the U.S. Dollar. If you believe the British are about to commit themselves to adopting the Euro, you would click BID, expecting the Pound to weaken against the Dollar as the British devalue their currency in anticipation of merging with the euro.
USD/CHF
Global stability and global recovery will send USD/CHF higher USD/CHF rallies on geopolitical instability. For example, you think that the market is headed towards a period of global stability and economic recovery, meaning that investors no longer need to park their money in the safe haven currency such as the Swiss Franc, you would click ASK, expecting the U.S. Dollar to strengthen against the Swiss Franc. If you believe that due to instability in the Middle East and in U.S. financial markets, the dollar will continue to weaken, you would click BID, expecting the Swiss Franc to strengthen against the dollar.
EUR/CHF
Swiss government uses verbal intervention to weaken the Franc, sending EUR/CHF higher. For example if inflation took off in Germany and France it could drive EUR/CHF lower.
Thus for example if you think the Swiss government wishes to devalue the currency to help exports in Europe, you would click ASK, expecting the Euro to increase in value against the Swiss Franc. If inflation started taking off in Germany and France, you would click BID expecting the Swiss Franc to increase in value against a devalued Euro.
AUD/USD
Rising commodity prices sends AUD/USD higher Droughts hurt Australian economy and AUD/USD. For example, you think that commodity prices are going to rise dramatically, thus benefiting the Australian Dollar, you would click ASK, expecting the Aussie to strengthen against the U.S. Dollar due to Australia’s status as one of the world’s leading commodity exporters. If you believe that Australia will face another drought, hurting the domestic economy, you would click BID, expecting the U.S. Dollar to strengthen against the Australian Dollar.
USD/CAD
Canadian economic underperformance against US sends USD/CAD higher
Higher interest rates and rebounding labor market in Canada will help to drive USD/CAD lower
If, for example, you think that the
U.S.
economy is going to rebound while the Canadian economy goes into recession, you would click ASK, expecting the U.S. Dollar to strengthen against the Canadian Dollar. If you believe that the higher yields and rebounding labor market in
Canada
warrants a higher valuation for the Canadian Dollar against the U.S. dollar, you would click BID, expecting the Canadian Dollar to decline against the U.S. dollar.
NZD/USD
Bad weather in US increases demand for foreign wheat sending NZD/USD higher
New Zealand Interest rates expected to decrease sending NZD/USD lower
If, for example, you think that Hurricane damage in the US will lead to an increase for wheat imports from foreign nations such as New Zealand, you would click ASK, expecting the New Zealand Dollar to strengthen in value against the U.S. dollar. If you felt that interest rates in New Zealand would fall in the future while interest rates in the US will continue to rise, you would click BID expecting the New Zealand to drop in value against the U.S. Dollar.
Technical Analysis
What is so great about technical analysis?
Once a trader masters technical analysis, it is easy to apply it to any currency or time frame, and thus allowing a relatively short time to figure out where trends are going. Because of the short time, technicians can follow numerous currencies at the same time, whereas fundamentalists usually focus on one or two pairs of currencies, because there is so much information in the market to analyze.
Traders using fundamental analysis can run into trouble because there are so many different ways to analyze market information. This causes controversy and can lead to misdirection, misunderstanding and ultimately, loss of money. On the other hand, technical analysis can be much more straightforward. Many traders even consider it to be a self-fulfilling prophecy, meaning that it works well because so many traders use it. This is an important aspect of technical analysis because if many traders are basing their decisions on technical indicators, then the indicators must be watched since they reflect the sentiment of the market and the majority of the traders.
Why is the foreign exchange market the best market to use technical analysis?
The foundation behind using technical analysis is to find trends when they first develop, which allows the trader to ride the trend until it ends. The foreign exchange market is typically composed of trends and is, therefore, a place where technical analysis can be effective. Traders are able to speculate on both up and down trends in the foreign exchange market because it is possible to Ask a currency and Bid against another currency. This aspect of currency trading works well with technical analysis, because technical analysis helps determine where the trends are and which way they are going, thus giving the trader a chance of profiting from the market, regardless of its direction.
In comparison to the equities and futures markets, technical analysis is much more common and popular within the foreign exchange markets, which causes the traders to pay attention. The market partly moves because of all the technical analysis performed. For example, according to technical analysis, if a currency pair decrease, then the majority of traders will Bid the pair, causing it to drop further.
Support and Resistance
At the core of all technical analysis theory are two very simple concepts: support and resistance. Support can be defined as a “floor” through which the currency pair has trouble falling below. There is no scientific formula for calculating support; it is something that is typically “eyeballed” by traders, and hence involves somewhat of a subjective element.
Resistance, on the other hand, is simply the opposite: it is the upper boundary through which a currency pair has trouble breaking. Similar to support, resistance levels are somewhat subjective. Generally, if the market reaches a certain number of times and cannot sustain a break above that level; it can be identified as resistance.
The reason why price has trouble breaking these levels is the presence of actual orders around these levels. A support level is simply a price area where Ask orders tend to be, and so it takes more than normal Biding pressure to break that level. Similarly, a resistance level is a price area where Bid orders tend to be, and so it takes more than normal Asking pressure to break that level.
Support and Resistance in a Range- Trading Markets
One simple way to use support and resistance in trading is to simply trade the range: in other words, traders can simply Ask at support level, and Bid at resistance level. A key advantage of this is that the FX market is range-bound a majority of the time, making it an attractive strategy for many market conditions.
The two disadvantages of range - trading:
Trading in a range generally does not result in substantial gains on a per-trade basis.
When the market breaks out of the range, generally it will make big moves. As a result, traders trading with range strategies can suffer big losses when the market breaks out of the range.
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The chart below illustrates the concept of range-bound trading. |
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Support and Resistance in Momentum Markets
Another way to use support and resistance is to trade outside of the range; in other words, to anticipate a breakout. This involves placing orders to Ask above resistance and to Bid below support. The rationale is that the market will gain momentum once it breaks out of the range, and thus by placing orders just below or above of support or resistance, traders may be able to profit if the market continues to move out of the range and they are on the right side of the market. Momentum trading is a bit counter-intuitive, as it involves Asking at a higher price and Biding at a lower price.
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Below is a chart that illustrates the concept of momentum trading. |
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Oscillators
Oscillators are a class of mechanical trading tools that offer indications of when a currency pair is overbought or oversold. A popular oscillator is the Relative Strength Index.
Relative Strength Index
The relative strength index (RSI) is a momentum indicator that measures a currency pair’s strength relative to its won recent past performance. As the indicator is front-weighted (more importance is given to the most recent data), it typically provides a better velocity reading than other oscillators. RSI is less affected by sharp movements, and filters out a lot of “noise” in the Forex market. Many traders also use this indicator as a substitute for volume confirmation, since the over-the-counter structure of the FX market does not allow for real-time volume reporting.
RSI’s levels are between 0 and 100. Most traders use 30 as an oversold condition and 70 and as overbought condition, although some traders may use 20 and 80. When choosing the settings for RSI, traders should typically use the default time period of 14, since that is what the market as whole tends to look at.
In general RSI is used in five different ways:
Top and Bottoms - Overbought and Oversold conditions are usually signaled at 30 and 70.
Divergences - When a pair makes new highs (lows) but RSI does not, this usually indicates that a reversal in price is coming.
Support and Resistance - RSI may show levels of support and resistance, sometimes more clearly than the price chart itself.
Chart Formations - Patterns such as double tops and head and shoulder may be more visible on RSI rather than on the price charts.
Failure Swings - When RSI breaks out (surpasses previous high or low), this may indicate that a breakout in price is coming.
RSI was useful in detecting this USD/JPY short after a crossover of the 70 “overbought” level materialized on the daily. Following the clear Bid signals, the pair moved down 450 pips over the next 30 days.
Risk Management
There are three basic questions that every trader should answer BEFORE entering a trade.
How much do I believe the market will move and where do I want to take my profit?
Limit Orders allow traders to exit the market at profit targets. If you are short (sold) the system will only allow you to place a Limit Order below the current market price because this is the profit zone. Similarly, if you are long (bought) the system will only allow you to place a limit order above the current market price. Limit orders help create a disciplined trading methodology and enables traders to walk away from the computer without constantly monitoring the market.
How much am I willing to lose before I exit the position?
A stop/Loss order allows traders to set an exit point for a losing trade. If you are short a currency pair the stop loss order should be placed above the current market price. If you are long the currency pair the stop loss order should be placed below the current market price. Stop/Loss orders help traders control risk by capping losses. Stop/Loss orders are counter-intuitive because you do not want them to be hit; however, you will be happy that you placed them! When logic dictates, you can control greed.
Where should I place my stop and limit orders?
As a general rule of thumb traders should set Stop Orders closer to the opening price than limit orders. If this rule is followed, a trader needs to be right less than 50% of the time to be profitable. For example, a trader that uses a 30 pip Stop/Loss and 100 pip limit orders needs only to be right 1/3 of the time to make a profit. Where the trader places the stop and limit it will depend on how risk-adverse he/she is. Stop/Loss orders should not be so tight that normal market volatility knocks the position out. Similarly, Limit Orders should reflect realistic expectation of gains given the markets trading activity and the length of time one wants to hold the position.
Psychology of the Trader
What should the psychology of the trader be?
Before placing trades, traders must sufficiently analyze the position they are about to take. However, many do not thoroughly plan out their actions, and instead make trades based on guesses and hunches. This psychological viewpoint can result in traders losing a
lot of money very fast. How can this be avoided? Through careful planning and analyses, including where to place stop and limit orders, a trader can keep losses to a minimum while allowing profits to run.
Make sure to have a plan that utilizes stop and limit levels before making the trade in order to minimize losses and lock in on profits.
One huge psychological error that many traders make is going against their original plan and either closing positions to take a profit before they reach the profit target or not closing a losing position in the hopes that the market will come back in their favor. Another psychological error traders make is to believe that every trade should be profitable. If there is an instance where a stop is hit and then the market goes back in favor of the position the trader had held, this belief can cause the trader to remove stops from their trades.
What is often forgotten is that stops are there to keep them from losing more money than they would like, not to be some sort of roadblock against profit. It is okay to hit stops and lose the pre-determined amount of money because when a trader is lets profitable trades run, the loss will be made up for and more. Do not try to improvise. Stick with the original plan and precautions made before the trade.
Another psychological error traders make is becoming too committed to a trade and unwilling to let it go. A trader must keep his original analysis in mind when seeing the result of a trade, and be objective about what is happening to his position and what he should do about it. However, many traders attempt to analyze the position differently from the original analysis so that the analysis will favor their original position. They intentionally distort their analysis for one of two reasons: they do not want to close the position with a loss or they are hoping that the position will become more profitable than it already is.
This psychological viewpoint causes many traders to lose the profit that they had made or lose more than they originally would have lost. Just because leverage is provided does not mean it is okay to trade large portions of the account at a time or too frequently. A prevalent mistake made by many traders is overtrading, meaning that they trade much larger amounts of their account than is reasonable or trade too frequently. Although leverage allows traders to trade one lot of currency with only $1,000 as a margin deposit, it does not mean that traders should trade their entire available margin in one or two trades.
The psychological mistake they are making is that they are thinking of their trade as a $1,000 investment, when in actuality it is a $100,000 investment. Although most traders perform adequate analysis of currencies before placing trades, they sometimes use too much of their margin and are later forced to exit the position at the wrong time. A general rule that traders try to follow in order to keep themselves from getting over-leveraged is never using more than 20% of the account at any given time.
News From Agloco Team
October 25, 2007
News From Agloco Team:
First – for those of you who have given some thoughtful ideas, questions and opinions on our posts during the last two weeks – thank you.
At this point, we would like to give some feedback on some of the ideas and thoughts given.
Is the payment plan posted last month a permanent plan? No – as noted in a comment we made this is a plan we wanted to implement now to show Members that even though AGLOCO is currently losing money the hours they are putting in now would be compensated. Our website states that we will make no distributions until profitable. We could have considered a plan that the June, July, and August hours would be paid zero since no profits were forthcoming. We felt that would be an unfair plan to those Members who were supporting AGLOCO in its startup period. That is the purpose of this initial plan.
Can the payments be sped up? Of course they could – although the idea we were considering was making additional ‘bonus’ payments to the early hours (June, July, August, etc 2007 hours) when and if additional funds became available.
Should AGLOCO borrow money to pay Members? We believe this would be a critical error for AGLOCO. Giving out money that it was not earning was the downfall of AllAdvantage and we believe that spending only what AGLOCO makes is the best course for long term stability.
Why have tradable hours? A number of Members have asked about doing this and we looked into it. It seemed like a possible good solution for those Members who had joined now, but were not wanting to wait for AGLOCO to mature to reap some benefits. Getting ownership to Members will be a costly process which would done on a country by country basis. We had hoped to be over 10,000,000 AGLOCO Members at this point to help spread those costs. At a bit over one million Members, AGLOCO is not yet big enough to justify the costs (instead of Member distributions we would have lawyers’ bills.)
By having hours that have a potential residual income stream plus potential quarterly or annual bonus distributions coming in, we felt that these hours would have tradable value today which Members wanting to sell could realize. In this way Members wanting cash now could get it and Members wanting more of AGLOCO’s future could also get it. That is how the tradability of hours relates to the bonus payments and residual payments in this initial distribution plan.
Tradable hours versus ownership? It is not possible to have the AGLOCO hours (or accounts) tradable/salable and still have the potential plan for those hours being used directly in AGLOCO future ownership system (creates a potential securities law conflict). That is why we have asked for feedback on this issue as there have so many requests to make hours tradable. If hours did become salable now and we ended up not using hours in the future for ownership, we would need to develop a new method of giving the ownership of AGLOCO to Members as the Management Company is fully committed that AGLOCO Members get the economic benefits of AGLOCO (and the Management Company gets their 10%). We believe it is this division of economics that is the core of why AGLOCO is a good long term company for Members. – All of this does not mean that in a year or so that we could not use all of the hours to distribute ownership, it just severs any connection at this time.
Where did the $100,000 go in June, July and August? During those June, July and August AGLOCO’s biggest monthly costs were $15,000 to $20,000 in monthly server, bandwidth etc. costs – $15,000 to $25,000 a month for the tech team in Shanghai – and $2,000 a month for the Member Service team in the Philippines (Plus about $1,000 a month in other costs.)
One million Members? Yes AGLOCO has over one million verified Members – with over 350,000 downloads and with over 250,000 Viewbars having been used more than the five hours credit limit
Do Members have to buy things for AGLOCO to succeed? In every economic system trade must occur or it will fail. AGLOCO is no exception. Companies will not want to partner with (or advertise with) AGLOCO if it is not profitable for them. So they will measure the results of their partnering/advertising with AGLOCO and if it is not profitable they will stop. This is one of the great things about Google, Yahoo, Ask etc. Ads on their systems work. People click on some of the ads and then some of them go on to buy. This will also be true for AGLOCO. While no individual Member need be a specific buyer, as a group the AGLOCO Membership needs to be worth advertising to in order for AGLOCO to succeed.
Website? We know it needs work and we know it can take only minutes. Our chief problem here is that in June we used our website editing server to help stabilize the website and we have not had time to install a new editing server. This means all edits must be done by the tech team in Shanghai and we have not wanted to break them from the more revenue generating tasks mainly integrating Ask.com. A project which is still occupying them full time. We hope to rectify this soon.
Beta Viewbar? The Viewbar we are all using is an early version. We are using the beta term to signify that we have a great deal of work left to do on the Viewbar before we feel it is of production quality. It will probably be in beta for another 12 to 18 months at least. Essentially, all of AGLOCO is in Beta right now as we all learn the realities of what can be done and how to do it.
17 ad networks? Prior to the first download of the Viewbar we had an agreement with a third party to supply AGLOCO from 17 ad networks. While working with the tech team to implement this system it became apparent that the third party would not be able to deliver on their promise. We then came up with two networks to use and an ad server system that did not have targeting ability in order to launch the Viewbar. The Ask.com deal is a significant step forward on that front.
Ads for the Viewbars in India? While Ask.com covers searching in India, we have had trouble interesting an ad network for Viewbar ads for our Indian Members. A few weeks ago Tyroo and AGLOCO were unable to reach an agreement to supply ads in India. (While we are committed to working on a Win98 Viewbar, having a local Indian ad network would help move it up on the priority list for the tech team. If any Indian Member has good connections at an Indian ad network we could use a good introduction there. Use email partners@agloco.com to help make contact.)
Tech questions that go unanswered? Members sometimes post technical questions. Unless this is a widespread problem we usually do not respond to these in the blog. They are best sent to Member services at help@agloco.com. Most often we can not ‘fix’ an individual Member’s tech problem because unless it effects many Members and unless there are a couple of good data points to find out the source of the problem, it is currently too expensive for AGLOCO to try to have a tech person work on a single problem at this point. Some other tech problems which do effect multiple Members are on the correction list; like the ads in the Viewbar not rotating for all users, which is a combination browser and ad server problem. We worked hard to fix this at the server lever and did fix some of the problem (this is a third-party ad server – not ours) Since we knew we would be changing ad servers within a couple of months we decided to focus resources on the Ask.com needs instead of working more on an ‘old’/existing ad server – which we do not even own.
What can you do to help? While we do not have any results from Ask.com yet, we are hopeful that revenue from Ask will put AGLOCO on a stable footing, allowing both distributions and service expansion. We believe that AGLOCO’s active Membership is one of AGLOCO’s biggest strengths. At this point, we hope to start to take real advantage of this strength with some of the revenue from the Ask.com deal. If you are interested in getting more involved and helping to build the company we would like to know. (There were some comments in the blog about setting up a forum and having moderators for example). We are sure some AGLOCO Members could make contributions to the Viewbar, the website, revenue improvements and other operations. Use the partners@agloco.com address if you are interested. Please indicate any area of interest and any expertise you have – like software engineer.
People making nonsense comments on this blog? By most standards AGLOCO has a very open blog comment policy. When we see spam comments, repetitive comments, rude comments as well as spotting comments with offensive language, we try to delete them. We probably leave too many comments on the blog, but we have felt that even though some of the negative statements are untrue or gross exaggerations – sometimes some of the positive ones are as well. For the most part we see comments as people’s opinions and we try not to edit them.
Yuwie Review
October 23, 2007
So, my first earnings were credited to my Yuwie account. From what I see, you can earn about $0.50 per referral with Yuwie. That is great because you can earn that commission monthly, for example if you have 100 referrals you can earn $50 each month without doing nothing.
And more, you can earn referral commissions on 10 LEVELS , meaning that you refer JUST 2 friends that refer 2 friends you could have over one thousands referrals after one month meaning $500 or more profits for you each month without doing nothing, just joining Yuwie for FREE!
Get Paid to Visit Websites
October 22, 2007
Members, Get Paid to Visit Websites!
At buxGalore, you get paid to click on ads and visit websites. The process is easy! You simply click a link and view a website for a few seconds to earn money. You can earn even more by referring friends.
Here is some of what buxGalore offers:
- Membership is FREE.
- Get paid to visit our advertiser’s websites.
- Earn a very generous $0.02 per link clicked.
- Earn a very generous $0.0015 for each website your referals view.
- Realtime reports of your earnings.
- The minimum payout is $5.00.
- Payment requests can be made every day and are processed through PayPal.
Advertisers, Get Tons of Traffic! Setting up and displaying your link for buxGalore members to visit is fast and simple. They charge $5.00 per 1000 member visits and each visit will last at least 30 seconds. Outside visits are unlimited and included within the price. They will review your website and will have it active within 24 hours. More info…
Forex Training
October 21, 2007
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Completing a few hours of the following intensive online home study course in forex training will take you from where you are at now to being a well-trained, motivated intraday forex trader with the skills to make on average days a conservative target of 20 points (or $200) . This can increase over time depending on the size of your deposit and shouldn’t take more than 3 hours in front of your charts.
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Only in darkness you can see the light
October 21, 2007
Only in darkness you can see the light
Imagine that you are surrounded by light, you could not notice a specific light if you are surrounded by light and you would be fooled that you see all the light.
Imagine now that you are surrounded by darkness, you will definitively see a specific light in darkness.
Many people believe that they live in light so they must know the light but that is a deception because the reality is that we all live in darkness, and the only way to see the light of knowledge is first to be aware and to understand that we are in darkness.
Remember in Bible the Genesis that the holy spirit is flying over the seas, in Apocalypse an angel is explaining to another man a story with seas, and the angel told him that the sea is symbolizing people. So we can see that there was life before Genesis the only difference is that there was not knowledge, and that was the holy spirit. But majority of humans believe that they know the truth, believe that they are living in light and know the light but they will fall in deception because sooner or later they will see the darkness. Thousands of years ago you could not explain to a person that the world is made by atoms and the laws of physics so how could he understand? It could not and he would understand in his way at that time, the only problem is that many people after used that small light to build their life from it. But that is another story.
Template Storage
October 20, 2007
Template Storage is a project of the world’s most popular web templates provider.
Because they focus on working with web designers and web developers, their affiliate programs were developed to satisfy the complex requirements of this sophisticated audience. At the same time, their programs are so easy to use that you won’t need any special knowledge to join.
- Basic Affiliate Program - allows users to earn money in several ways, by simply referring visitors through an affiliate link to distribution of high-quality, Private Labelled website templates from them under your own brand. This program is very flexible and can be added to any website with different levels of integration.
In addition, Template Storage allows users to earn money by bringing new members to the community of Template Storage affiliates. Your profits with this option depend on your sub-affiliates’ earnings.
Their goal is to provide easy-to-understand and fully established affiliate programs so that anyone, from a novice to a guru of e-commerce, can make profits with their competitive products and services. Judging from the success of their current affiliates’, they’ve managed to achieve their goal. But they continue to improve their programs to make sure they are the best possible in the constantly changing atmosphere of the World Wide Web.
Benefits
- Joining their affiliate program requires no upfront costs and there are no fees later! Start promoting their products and start earning immediately.
- You do not need to carry inventory and orders, or to answer complaints, handle refunds, etc. It takes a LOT of time and money to develop your own product to sell online. With their affiliate program, you get both products and services setup just for you!
- AAffiliate statistics are provided in real time 24 hours a day. You do not have to go out and buy expensive software to track your sales or bring in any 3rd party software to track everything. All of these capabilities are included… FREE!
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Who is Welcome?
They are open to any individual or company whose aim is making money in an easy and non-time consuming way. Their approach differs from affiliate to affiliate. Their aim is to earn money through collaboration, so you can be sure that they will find the best way to achieve results that will be beneficial for both parties.
