The Retail Forex Trader
A blog about the strengths and weaknesses of The Retail Forex Trader.
I'm Jonbert Davidsen, welcome to Davidsen Consulting
I’m glad you’re on my retail trader blog. I also sell Business Consulting. I blog about retail Forex-, stock- and options trading from a critical, but non-bashing, perspective. I'm not promoting any broker or advertising any hype around famous traders such as George Soros, Stanley Druckenmiller or Bill Lipschutz. In fact, I'm happy if someone avoids signing up for trading after reading my blog posts. The majority signs up because they need money. For those I say: Trading is not for people who need money. I suggest another solution: Learn affiliate marketing the right way. Be realistic about it. Tell yourself: I’ll spend three years working for free. I’ll do it without knowing if I get paid after three years. It’s the realistic approach. Finding the B.S. answers is easy. I’ll give you inspiring information about retail trading and online business. It's the REALISTIC retail trading information approach. It's the REALISTIC affiliate marketing approach. I serve readers with critical ideas. I have dream-breaking news for the new Wannabe Warren Buffett’s: Don't trade for income. Learn about the retail trading industry before you push the button. You can’t become a successful retail trader from FREE websites. FX Trading: Trap or Ticket to a Better Life? (2017 version) explains why. I teach at a Greenlandic business school. I’ve worked at the business school for more than ten years. I’m also a blogger and business consultant. You’re welcome to order my Business Consulting Service. Learn to trade, but do it on a demo account. If you want money, learn affiliate marketing.
I'm not affiliated with any broker
Focus on ONE talent
The be-everywhere-idea hurts new bloggers and online entrepreneurs. It’s useless as a traffic building idea. New bloggers who follow it get stressed. Focus on being everywhere later. Chose FOCUS instead of being everywhere. Why is the be-everywhere-idea trendy? New bloggers copy prominent bloggers like Gary Vaynerchuk, Rand Fishkin or Pat Flynn. But they lack momentum. It’s useless copying Gary Vaynerchuk, Rand Fishkin or Pat Flynn. It’s unrealistic to concentrate on video-creating, paid advertising, search engine traffic, writing Kindle books, recording podcasts, creating social media content, get ideas for webinars, planning online affiliate marketing at the same time. You’re not Gary, Rand or Pat. Copying them is OK, but can you imitate successful people’s context and situation? Your situation is different. They have skills you need. Learn them before you copy. Be proud. Avoid the be-everywhere-idea. Learn successful traffic strategies. Improve your skills. Gather knowledge about Facebook, Twitter, Google Plus. Keep it at a manageable level. Work hard. If you work full-time, your abracadabra-word is focus. The be-everywhere-idea is impossible with a 9-5 job as a sales person. Maintain your blog. Manage your Facebook, Twitter, Google Plus platforms. Manage your Gmail-accounts. This requires time. You have 24-hours per day. Use few social platform. Manage them well. Share your content. Build relations. Keep it simple.
Do it Yourself
The online advice is: Outsource to expand. The truth is: You’re the new blogger. Do everything yourself. 1. You learn everything about your business. 2. You’ll face bigger managements- and money problems than you can handle when you outsource. How can you educate those who work for you when you’re new? Your credit card numbers get red when the outsourced activities take longer time than you planned. You lack the extra $295 to pay for the additional time. If you suppose the outsourcing idea will give you more time, you’re wrong. You’ll have less time. Work on your business and blog, alone. You’re free from teaching other Fiverr-freelancers what to do. You’re free from Messenger-interruptions sending you unproductive yellow smileys. You’re free from E-mail-questions several times a day. Outsourcing slows you down. Wait until you are in the Gary Vaynerchuk-, Rand Fishkin- or Pat Flynn league. Until then, creating cash flow through ONE traffic channel.
Is it Possible to Be Everywhere?
Gary Vaynerchuk, Rand Fishkin and Pat Flynn are everywhere. How? They use several traffic-related platforms. In reality, they don’t. Their traffic comes from one, two perhaps three platforms. The 80/20 principle applies for Gary, Rand and Pat. 20% of their social platforms brings 80% traffic. My website traffic comes from one source, my retail trading/affiliate marketing blog posts. People who read my blogs, recommend my text editing service to companies and friends. People who buy solutions through my Tools for Lifestyle Freedom page know I’ll help them. My limited traffic channel builds DavidsenConsulting’s brand. The takeaway: Traffic comes from few limited resources.
What’s Your Talent?
The 80/20 principle applies to everything. Also traffic situations. Focus on being ONE place. Write, create, organise as good as possible. You need ONE method. You need ONE Twitter, Facebook, Google Plus, whatever works best for you. You’ll have enough income and knowledge to expand your business. Your focus: Create cash flow. Sequential work propels you forward. Do your best with ONE task before you continue. Focus is the game’s name. It’s what brings you reader- and customer traffic. It’s what brings you the bread and butter.
Your ONE Activity
My ONE business activity is writing and editing. You should find YOUR one talent. Develop that talent. Then, marketing your splendid website through Facebook/Twitter/Google Plus depending on what marketing channel works for you. Expand and diversify once you have the stable reader- and customer traffic. It’s unwise to keep focusing on just one traffic source. It brings your blogging adventure business into trouble if you lose the reader- and customer traffic source. The ONE traffic source you initially focused on brings you your bullet. Catch the bear. Sell the skin. Buy a new bullet. Catch more bears. With a tested cash flow system that’s proven profitable, you’re ready for the big blogging adventure. It’s time to establish more traffic sources. At this point, you’re a boss. You lead people. Hire people. Teach how your business operates. Lift your business to the Mount Everest top.
How do you set up cash flow with affiliate marketing? Which steps should you take creating reader- and customer traffic? How do you find HOT products? How do you establish the blog business around these favourite products? How do you create the website? How do you configure your blog? Go to the Tools for Lifestyle Freedom section, read the books. They’ll give you a bulletproof blogger-fundament. You have advantages, skills and talents. Use them to build your online business. Design an excellent website. Find ONE traffic source. Leverage your talent. Create cash flow NOW!