The forex lifestyle. If you have never seen what a rich Forex trader looks like, I would highly suggest checking out Lewis Mocker on YouTube. This man lives the dream that every beginner Forex trader would like to reach. Expensive cars, a nice home, and working on a laptop from home for a living. The forex lifestyle is a continuous goal of improvement.
A lot of people like to think that trading forex is gambling, however, this could not be further from the truth.
Forex, also known as the foreign exchange market, is the largest market in the entire world. The market essentially shows the conversion rates of different currency pairs. Forex is attractive to traders because of the volatility and the predictability.
A lot of Forex traders do not live a luxurious lifestyle like Lewis does, but many are able to trade forex either full-time or as a side-hustle. Currently, I am trading Forex as a way to increase my income to the point I can transition it from a side-hustle to a full-time income.
The Forex lifestyle is a fun and rewarding way to live life. Anyone can live it by following a few steps:
Learn the Basics of The Foreign Exchange Market
First things first, you have decided you want to live the Forex lifestyle. It is now important to learn what Forex is before placing any trades. You will now want to learn a few things:
What Forex Is
How Traders Profit from Forex
How News Impacts the Foreign Exchange Market
The Basics of Placing Orders with a Brokerage
The best way to learn in my opinion is to utilize free resources such as YouTube and watch videos. If you are a better reader, you can order this book off Amazon. I found it extremely interesting and helpful in my development as a trader. This step should never be done with. You should be consistently keeping up with the markets and learning as much as you can. The more you know, the more you’ll be able to make.
Learn Technical Analysis
Technical analysis is the skill every trader needs to know in order to place quality winning trades in Forex. Forex is dominated by technical analysis because the people dominating the price changes are traders. Traders look at the technical analysis of a chart and use it to make decisions on if they should go long or short a currency pair. They will set the position once they made the decision, and hope that they were correct.
Implement a Winning Strategy
The great part about trading forex is that you don’t have to be right to make money, you have to be profitable. The better the strategy, the quicker you will be able to live a successful forex lifestyle!
Now I say a winning strategy for a few reasons. Not every trade you are going to be right with. Indicators can be deceiving and can contradict each other a lot. It is important to pick the indicators that you use consistently and stick with them. I use Elliot-Wave-Theory and Fibonacci retracements for my trades and if I feel I need further confirmation I will use the relative strength index or MACD indicator.
I suggest using a demo account to test out a few indicators and see which ones you like. Use YouTube or that book linked previously to learn about a few and make an educated decision.
Profitable forex trading is accomplished through a few steps:
- The trader decides through technical analysis whether the currency pair is more likely to appreciate or depreciate. The trader will then go either long or short respective of what he has determined through his or her analysis.
- The risk: reward ratio I tend to use is 1:3.5, meaning for every dollar I risk I have the opportunity to make $3.5. With this strategy, I only have to be right around 30% of the time to make a profit. Traders will use a risk: reward ratio after determing if they will be going long or short on the trade.
- The trader will then set his position with a stop-loss and a take-profit that reflect the risk: reward ratio that he or she decided on in the prior step.
- The trader enters the trade, usually only risking a maximum of 1% of his or her entire trading account. The reason traders do this is to limit the losses.
- The trader will wait to see if the trade is either a win or loss and prepares for the next one.
Grow Your Account
Now that you have begun forex trading on a part-time basis, it is not time to quit your job yet. You should use some of the income you have leftover to continue to add funds to your trading account. The more money in the account, the more you can make on one trade.
You will also not want to withdraw any profits from these trades yet. You will want to reinvest everything to continue to keep building your account. Once you are able to replace your full-time income with Forex, feel free to quit your job.
Transition to Full-Time Forex Trader
Now that your account is grown and you have enough money to trade Forex profitably, it is time to make Forex your full-time active income. Quit your job and trade away!
Notice how I say active income as you should still be trying to build passive income. Passive income is income you earn regardless if you work or not. This is accomplished by investing in stocks, real estate, affiliate marketing, etc… The goal is to have enough passive income to cover all your expenses so all of your active income is yours to do what you would like with.
Now that you know the basics of how to live a forex lifestyle, you should customize it to your liking. Find out what you like to do and use your forex money to build that life for yourself. Forex is not the lifestyle, it is the tool to provide you with the life you want to live.
Most Americans are Hypocritical About Gun Control
With the spike in mass shootings that have arisen over the last few years, Americans have rallied to support gun control. In March of 2018, students from Parkland, Florida, organized “March for our Lives” to combat the NRA.
It is fantastic to see students rallying in support of a common goal and trying to become more politically active. Americans should support young people engaging themselves politically.
To be clear, I am not here to discredit Americans in support of gun control. I am here to make them more educated about the opposing viewpoint.
Argument 1: The AR-15 needs to be banned.
When you take a look at an AR-15, most people will get the impression it is a military-style weapon. The black paint, the multiple round magazines, it looks like something you see in movies.
What most people do not understand is that the AR-15 is not much different than many standard rifles. For example, the AR-15 is a semi-automatic rifle, meaning one pull of the trigger releases one shot. If the gun were fully-automatic, the weapon would require you only to pull the trigger and hold it down to continuously fire. Without an exclusive ATF license, it is illegal to own a fully-automatic rifle in the United States.
Now, when you think about the AR-15, you probably think about the recent school shootings that have occurred with this style gun. You probably think about the countless amounts of people that are murdered by this weapon.
Not the case. According to the FBI’s Expanded Homicide Data Table, all rifles account for an average of 306 homicides a year. AR-15s are not the only rifle on the market and account for roughly 2% of gun deaths.
Now, if you look at the same FBI table above, you will see that handguns killed about 12,612 people a year on average. People are not targeting pistols, even though many more murders can be attributed.Will banning AR-15s reduce gun violence? Click To Tweet
Argument 2: Why should your hobby of shooting be more important than the lives of children?
I have been asked this question on a few occasions. The problem is powerful, and I can understand the frustration the people asking have.
Now, my response to that is that 5,000 children die each year due to alcohol-related incidences. Why should people’s hobby of drinking be more important than the lives of those children?
I want to clarify; I am for both shooting and drinking as a hobby. The problem I have is when fellow Americans accuse people who like shooting as a hobby of being responsible for the deaths of children.
We all do things in our day-to-day lives that put children at risk. Every time you drive a car, there is a risk of a child losing their life. Is your method of transportation more important than the lives of children?
Not, but you see my point. If we lived our day-to-day lives, avoiding things that children die of, we would not be able to do most things.We could ban alcohol, cars, knives, guns, and much more, but the question is, is it worth it? Click To Tweet
Argument 3: The US military could nuke us. Your guns will not be able to stop the government.
What a compelling argument. Give up your guns because a tyrannical government could nuke us if they choose. Anti-gun protesters always argue that Americans with guns would not be able to stop the US military.
For example, in a debate between Ben Shapiro and Piers Morgan, Ben made the argument that he is a gun owner to prevent possible government tyranny.
You can watch the full debate here:
Ben made an argument that many fellow gun owners will make in a gun-control debate. Governments throughout human history have become tyrannical, and Ben points out that his ancestors did not have guns, referencing to the holocaust.
Not every government is the same as Nazi Germany, but the possibility still exists. Governments have never been more capable of causing mass destruction or oppression, and armed citizens are a deterrent to that threat.
Governments are less likely to do horrible things when citizens are armed, especially in the United States. There are about 357 million guns in the United States. For reference, the United States population is roughly 330 million people. We have more guns currently than people living in our country.
Not to mention, the United States military has struggled before against armed populations. Think about the Vietnam War when the United States was going face-to-face with the Vietcong. The Vietcong killed over 58,000 US military members and wounded many more.Do you still think the American people would not stand a chance against the US military? Click To Tweet
Arguments for Guns
1. Violent Crime is Going Down
What many Americans do not know is that the violent crime rate in the United States has been decreasing. It is becoming more and more safe for Americans.
Even as legal gun purchases have increased sharply, violent crime is not on the rise. Americans have never been safer.
2. Legal Firearms are Used More Defensively than Offensively
Legally owned firearms are used for lawful purposes much more often than they are used to commit crimes or suicide. If you think about it if you wanted to kill someone, would you want to use a legal firearm? Legal firearms have serial numbers and other methods that law enforcement can use to track down who committed the crime.
Of course, you wouldn’t want to use one. It is much more common for murders with guns to be committed with an illegally obtained firearm as opposed to a legal one.
In self-defense, legal guns are much more likely to be the weapon of choice. Having a gun on you or in your home can quite literally save your life, and it would be wrong to deny Americans the right to protect themselves.
3. Higher Legal Gun Ownership Rates DO NOT Correlate to Higher Crime Rates
Countries like Israel and Switzerland have higher gun ownership rates than the US but do not have higher crime rates as opposed to other countries in Europe with strict gun control.
Even with more legal gun ownership, these countries can prevent high homicide rates. The US could do the same if we were to go after the real culprit, illegally obtained firearms.
I want to make this clear; I am by no means trying to bash people who want gun control. My goal is to educate people as to why gun owners are hesitant to pass gun-control measures.
My position is not to do nothing, but to go after illegally obtained weapons as opposed to legal. Legal gun owners have proven not to be the main problem, and we should not deny them the right to own guns.
We should try to educate ourselves on the causes and effects of trying to confiscate people’s firearms.Do you think gun owners will sit by and allow the government to confiscate their guns? Click To Tweet
Quora: How to Use Quora to Build a Brand in 2019 (Guide)
Quora is a cool place where someone can ask just about anything, and if you do it right, you can set yourself up as an expert in many areas. It is the “Wikipedia” of social media, and the key is to use targeted words to not only highlighted your page on Quora but also find questions you can answer.
The site is a continually growing user-generated collection of questions and answers. All the questions and answers are created, edited, and organized by the people who use them. While many people use Quora as a resource for research, information, and general interest, some use Quora to add to and build their social network.
There are many well-established questions and answer sites, but Quora differs from its predecessors in three main ways:
- Quora puts a heavy emphasis on the quality of issues.
- It allows users to vote on answers and encourages accountability amongst users.
- Quora allows users to follow topics that interest them.
Like Reddit, Quora has an “upvote” “downvote” feature. This feature is an essential part of Quora’s operating system. By voting an answer as good – an upvote – or poor – a downvote – it lets users filter answers, allowing the most useful answers to be ranked at the top. This also helps to determine thought leaders and set the pace for the most listened to experts on the platform.
- You can set up on Quora, just like LinkedIn’s publishing platform.
- You can search for specific questions or topics related to your business and follow these to receive notifications of new questions.
Recent estimates show that nearly 775,000 people access Quora each month in North America alone, which is a significant audience of curious knowledge-seekers. In addition Marketing on Quora can gain you:
- Exposure to Quora’s 700,000+ monthly visitors.
- Build expertise and authority on your chosen topic.
- Learn from others—users, customers, industry experts.
- Answer questions about and suggest your product to askers.
- Find out the questions people are asking about your product, niche or industry.
If you’re representing your company, or, maybe, you’re an expert on a subject and industry, but either way, you’d like to establish yourself as a thought leader on Quora. While answers are usually upvoted and downvoted democratically, once you’re beyond the initial phase, there are some steps you can take to improve the quality of your answers and optimize upvotes.
While quantity isn’t quality, of course, the longer responses more engaged answers tend to fare better on Quora because they provide a more thorough answer to a question. This doesn’t mean you should pad your answer, but taking the time to really engage with a subject will likely benefit you. A second great way to improve the quality of your answers on Quora is through sourcing.
Sources add credibility to your answers. Remember, some of the people posting answers are top tier professionals; to compete with their responses, it’s important to be as thorough as possible. Providing links to external sources will strengthen answers significantly.
How to Create the Optimal Quora Profile
Remember that every time you leave an answer, a bit of your bio is viewable right at the top, which is a great opportunity to extend a little branding and marketing.
Quora shows the first 50 characters of your profile (your name and bio) as a tagline above your answer. Remember to mention your brand name as close to the beginning as you can and make the most of the allowed 50 characters. In addition, you can mention your social media expertise when answering social media questions and your engineering expertise when answering questions about development or engineering, for example.
To set up an optimal bio:
- Click on your profile page. In the right column, you’ll see a list of “Knows About” topics. Next to each topic is a link to “Describe your experience.” Clicking here will let you set the topic-specific bio.
Now go ahead and complete your Quora profile using as many sections as you can.
- A detailed About Me section.
- Add areas of expertise.
- Include interests.
- Your cities.
- Schools & colleges you’ve attended.
- Previous companies.
- Connect your other social media accounts.
Find the Best Questions to Answer
Here is a strategic way to answer questions:
- Search for your chosen topic. This will narrow down the questions significantly.
- Choose a topic that fits your business
- Find threads with lots of upvotes.
- Find new questions.
Answer a Question With Authority
The best Quora answers are those that provide statistics, sources, and references and are passionate about the topic. Once you’ve written “good and short” answers, you can add a link to what you’ve referenced, which is particularly great if the info is available in long-form on your blog or website.
Re-Answer Questions You Answered On Your Blog
This is called repurposing content and help make your blog posts and articles provide value long after they’ve published. Search your blog posts, reference them to Quora questions, dig out the questions that you’ve answered, and go find these questions on Quora. Then simply share your answers to the Quora questions, linking back to the blog post for complete details.
Build a Quora Page for Your Business
You can create a page on Quora about anything and this makes for a great chance to build a company page for your business.
Start by searching for your business’s name in Quora, click the “Add Question” box and click “Create Topic. “Once your topic is live, you can request for the Quora community to review the topic. This is particularly helpful for people wondering if they should invest in a subscription to a service or otherwise get involved with a company. For you, it’s a great way to add a bit of social proof and testimonials to your brand’s presence on Quora.
Get Quick & Easy Crowdsourced Content
The idea of crowdsourced content follows the idea of how to ask people their opinion on a topic and collect all their answers into an article. You can ask for stories or experiences that people have had
Great examples of questions like these include:
- What is a good social media marketing plan?
- How do I get more subscribers?
- What is the best email marketing blog?
Make sure your question is unique and categorized correctly. This will help the right people find it and then invite certain Quora users to answer the question. You’ll see this option after you’ve posted your question to Quora. Finally, do headline research by typing your keywords into a Google or Bing and reference the autocomplete functions. This is a great way to learn how people ask things and word yours the same with Quora.
Find High Volume Topics That Don’t Have a Single “Big” Keyword
The best SEOs know that the volume for any single keyword is only a fraction of the total volume for a keyword theme. Generally, traditional keyword research looks for the big, high traffic keyword and uses that to explore the rest of the topic. This approach assumes that searchers generally all search in the same way. The thing is searchers use all sorts of queries to describe a complicated topic, so that topic may have a super-high search volume but will remain hidden. Quora can help you find these popular topics to use on or off the platform.
Steps to find Popular topics on Quora:
- start with the Most Viewed Writers Page
- look at the Top 5 questions in that Topic
- Look the most trafficked questions of the top writers.
- Gear your answers to these findings
Explore Top Pages in Links, Shares & Growth
Quora not only has a lot of user-generated content, but it also allows its content to be indexed by Google. And so Quora itself generates a ton of organic traffic. In fact, many of its pages rank for some of the most competitive terms on the internet.
Use Quora in General to Find High Relevance / Volume Terms
You can also use Quora to reverse-engineer extremely high traffic keywords. So instead of looking for relevant keywords for your website, you can use Quora to find what keywords represent an opportunity to target and use those in your site or blog.
Doing these small things can help you use this growing platform for building your brand and reaching some people, not on Twitter or Instagram.
When it comes to new ways to make money online, a lot of people do not know about the possibility of selling stock photos. Stock photos are photos that are available to download either for free or by purchasing them online. This allows creators to use your photo for things like their business, social media, website, and much more.
Photographers and freelancers can make a killing by selling their stock photos online. At first, you may struggle to get people to download your photos, but as you improve you can see your revenue skyrocket.
How Do I Sell Stock Photos?
If you would like to sell stock photos, you will first need to either take photos or use photos you already have. Make sure that this is your content and that you have permission to sell this photo, or you can face legal trouble.
Create a Plan to Sell Stock Photos
If you do not have any photos yet, it is a good idea to figure out a plan for yourself. What type of stock photos do you want to sell? Nature, landscape, business, black and white, the possibilities are unlimited!
Take Some Stock Photos
After you have an idea of what you would like to sell, you need to go out and take high-quality, professional photos that are worthy of being sold. The higher the quality of your images, the more likely that they will generate you revenue.
Edit Your Stock Photos
You can even edit your photos using your smartphone by finding an application on the App Store. This is not a bad way to go if you do not want to pay for editing software.
Create an Account With Shutterstock
Shutterstock is a service that allows people to buy and sell stock photos on the internet. You will be able to sign up for a contributor account and begin selling your photos immediately. Provide your name, address, email, and select a payout method and get started!
Upload Your Stock Photos
Once you have some photos you would like to upload, proceed to upload them. Shutterstock will take a few days to review your photos, but once they are online, you will be able to generate revenue from them.
Promote Your Portfolio
A good thing to do once your photos are live is to begin promoting your portfolio. Your portfolio is the center of all your images and will be used to display all the images you upload. It is a good idea to try to drive as much traffic as possible to your portfolio to drive more sales.
A few ways to do drive more traffic to your portfolio are the following:
If you do not have social media already, it is a good idea to get on now. You will want to begin creating free and original content in order to generate a following. Once you have a following, promote your Shutterstock portfolio.
You can do this by uploading snippets of your stock photos with a watermark to prevent people from stealing it. Once you have the image displayed, link the Shutterstock link to drive traffic.
If you have a website, it is a good idea to use this as a platform to promote your Shutterstock portfolio. Add a link to your portfolio, and let your traffic hopefully convert into downloads.
You may even want to add a separate portfolio page on your website that displays each image you have available on Shutterstock. Making it as convenient as possible for people to see your images is the key.
Since you are in the business of selling stock photos, why not put a link to your portfolio on your business cards? It is a great way to start getting people to view your images and possibly download them.
A lot of people nowadays have an email list, so use this to drive traffic to your portfolio. Email marketing is an effective way to convert impressions, so why not? Maybe create a weekly email showcasing all your new photos.
If you have a passion for photography, why not sell stock photos? It is a great way to use your passion to earn extra income in 2019.
The important thing is to be consistent about it. Try to have a consistent stream of new high-quality images being uploaded on a weekly, biweekly, or monthly basis. If you can get 50-100 new photos uploaded a month, you shouldn’t have an issue turning this into a side-hustle.