In this article I'm going to teach the most common places where we can place AdSense ads in your blogger site. Here I mention how to put AdSense ads in different places of the blogger such as sidebar of your blog, Between your blog post, Under your blog header, Under your blog title, Under blog post footer, In the body of the post etc. If you like to learn amerzing tricks for blogger read these articles also.read

You can put AdSense code in sidebar in a very easy way. 

1. Go to you Layout the click on Add a Gadget link.
2. After add a Gadget link add an HTML/JavaScript widget with your ad code inside it.

Format: Recommended format 125x120, 120x600, 160x600, 300x600

02 How to Put AdSense ads between post
You can add AdSense ads between your blog post. In this case go to your Layout option and then Click Edit from below the blog post section.After Click on Edit, you have to check mark "Show Ads Between Posts option"

Format: Here you can change your ad unit format such as such as 468x60, 300x250, 336x 280 and color from given drop down list.

03 Put AdSense ads under the header

You can put your AdSense code under header by following method. At firs you have to convert your AdSense ad code.

1. Go to your blogger Dashboard 
2. Click on Template. 
3. Here you need to click on Edit Html button.
4. Press Ctrl+F key for finding the following code inside it.
5. <div id='header-wrapper'> 
6. Next paste the converted code right after above mention code.

Format: Recommended format 728x90 and 728x15

04 Put AdSense ads above the blog post

After converted the AdSense ad code find

<div id='main-wrapper'> 

Next, Paste the converted code right after above mention code.

Format: 460x68, 468x15, 336x280

05 Ads below post title

1. Go to your Dashboard 
2. Select Template tag and then go to Edit html.
3. Find the following code by using CTRL+F key

<div class='post-header-line-1'/>

Now put your converted code right after it.

Format: 468x68, 468x15

06 Ads below post title in blogger which will be visible only posts

After converted ad code

1. Go to your Dashboard
2. Then Template and Edit HTML
3. Search the following code in HTML code

<div class='post-header-line-1'/>
Past here converted ad code.Example:

<b:if cond='data:blog.pageType == "item"'>
<!-- Add here the code of your ad -->
</b:if>

Format: 468x68 and 468x15

07 How to Puts Adsense Ads in the Blogger Post footer
After converted AdSense ad code 

1. Go to Dashboard 
2. Then Template> Edit html
3. Search the following code using Ctrl+f

<p class='post-footer-line post-footer-line-3'/> 

Now paste your converted ad code right after it.

Format: 468x68, 468x15

08 Put Adsense ads in blogger posts body which will be visible on all pages

ad on post body

After Converting your AdSense Ads code and then Search the following code

<div class='post-body entry-content'>

Paste the converted code by following process

<div style='float:right'><!-- Add here the code of your ad -->
</div>

Format: 125x125, 180x150, 120x240, 200x200

09 Put Adsense in blogger post body which will be visible on post page Only
Convert Ads code and then go to Edit HTML option and search the following code

<div class='post-body entry-content'>

Paste your Ads code such as follows

<b:if cond='data:blog.pageType == "item"'>

<div style='float:right'><!-- Add here the code of your ad -->
</div>

Format: 125x125, 180x150, 120x240, 200x200

10 How to put Adsense ads Between post and comment in Blogger
ad between post and comment
Convert your Ads code and the search the following code

</b:includable>

<b:includable id='postQuickEdit' var='post'>

Paste the converted ads code just above it

<b:if cond='data:blog.pageType == "item"'><!-- Add here the code of your ad -->
</b:if>

Format: 468x60, 300x250, 336x280

Place Adsense Ads in Blogger footer
ad in blog footer
Convert ad code and search the following code

<div id='footer-wrapper'>

Paste the converted code right after it

Format: 728x90 and 728x15

The way a currency is simultaneously bought and sold during a trade is confusing for many new traders, so an example will help clarify what happens under the hood of a currency trade. Assume for a minute that you are interested in buying the British pound against the U.S. dollar, which is listed as GBP/USD in your trading software. The base pair is the British pound; the quoted pair is the U.S. dollar. If the quoted exchange rate is $1.59 and you are trading one standard lot of currency, it will require 159,000 dollars to buy one British pound, or it will require selling 100,000 pounds to buy 159,000 dollars. 

Since we are interested in buying the pound, we want the exchange rate to increase, allowing us to sell our pounds at a higher rate for more dollars than we sold to buy the original 100,000 pounds. As an example, Table 1.5 illustrates how a currency trader realizes a profit or a loss using a single standard lot GBP/USD currency trade.

Each currency pair is made up of two parts: the base currency and the quote currency. For example, the U.S. dollar/Canadian dollar example we just discussed is paired as USD/CAD. The base currency is always to the left of the slash (/) mark; the quoted currency is always to the right of the slash. It is the direction of the base currency you consider when deciding whether to buy a currency pair or sell it. If you believe the base currency will appreciate against the quoted currency, you will buy the currency pair. If you believe the base currency will depreciate against the quoted currency, you will sell the currency pair. This is an important distinction for new traders to remember because it is easy to buy by accident when you meant to sell. Currency pairs offered on the forex market are constructed using currency from both developed and emerging markets.
Table 1.4 lists the most common currencies, their countries, and their International Standards Organization (ISO) codes used in the forex market to construct currency pairs.

Major Pairs Major currency pairs are created by pairing currencies from countries with highly developed economies and financial systems. Major currency pairs are the most liquid and heavily traded currency pairs on the forex market. Currencies among the majors include the euro, U.S. dollar, British pound, Swiss franc, Japanese yen, Australian dollar, and Canadian dollar.

Cross-Pairs Some currencies are not directly quoted against each other; rather, they are synthetically traded by combining two different pairs. These pairs, known as cross-pairs, include currency pairs such as GBP/JPY, EUR/JPY, EUR/CHF, and GBP/CHF. When a trader executes a trade to buy GBP/JPY, the trade is really constructed by buying GBP/USD and selling USD/JPY. The dollar component of this trade is equaled out and the trader ends up long GBP and short JPY. Because these pairs are constructed with two different currency pairs, the spread or cost to trade a cross-pair is significantly more than a typical major currency pair, such as EUR/USD.

Currency Lots
Currencies are traded in standard lot sizes to facilitate efficient trading on the forex market. The standard retail lot is 100,000 units of the base currency. Most currency dealers offer 10,000-unit mini lots and 1,000-unit micro lots. 

Some currency dealers offer a 100-unit nano lot. Positions can be sized larger by purchasing multiple lots. Fortunately, you don’t actually need $100,000 in your trading account to buy a single standard currency lot. Currency dealers offer various levels of leverage, allowing you to control full-sized lots with significantly less capital in your account. We discuss margin and leverage later in this lesson.

Trading currency is a process of exchanging one currency for another, so each currency trade is actually two transactions happening at the same time. One currency is bought while the other is sold. The forex market quotes prices as currency pairs to facilitate the ease of trading one currency for another. The quote of a currency pair represents the number of units of one currency that are required to buy or sell the equivalent amount of the other, based on the given exchange rate. For example, if the exchange rate between the U.S. dollar and the Canadian dollar is $1.12, a trader may purchase 1.12 Canadian dollars for every one U.S. dollar, or she can buy one dollar for every 1.12 Canadian dollars. Your goal as a currency trader is to hold the currency you believe will gain value against the other currency quoted in the pair. It really is as simple as that.

The forex market is not structured like a traditional exchange market such as the New York Stock Exchange or the Chicago Mercantile Exchange. Forex is a decentralized global marketplace where trades are cleared one on one between trading partners. There is no central exchange, no pit full of yelling traders, no big board of quotes on a New York street, and no closing bell to ring. The pros and cons of an exchange-based market versus off-exchange currency trading are debatable, but there are obvious differences you should understand before trading in the forex market. 

No Transparency 

One clear advantage of an exchange-based market over off-exchange currency trading is the transparency the exchange offers traders about the market. Exchanges clear every trade through a central exchange, allowing them to provide traders with a wealth of information about the market activity. Common tools such as order flow and volume data are displayed on trader’s charts, allowing them to gauge the strength or weakness of price moves throughout the trading day. Because the forex market is decentralized, there is little data available on market activity. Market makers and retail dealers typically do not share their order flow data, and those that do only represent their trading desk activity and not the forex market at large. Volume is another popular indicator used by stock and commodity traders on exchange markets that is unavailable in the forex market because there is no central exchange on which to measure volume. Currency traders must learn on their own to read price action through their charts, without the aid of exchange-based indicators. 

Little Regulation 

The forex market has been known as the “Wild West” of financial markets due to the lack of regulatory oversight. The global nature of the forex market presents a problem for local government agencies to police trading activity around the world. Currently there are no regulatory requirements for an institution to establish itself as an interbank participant; however, any reputable retail currency dealer will register voluntarily with thelocal regulatory agencies. We already pointed out the CFTC has new regulatory authority over the off-exchange retail currency market through the 2009 Farm Bill. As I write this, the CFTC is proposing new regulations that would require all dealers to register as members of the NFA. 

In the United States, the National Futures Association (NFA) has begun implementing rules designed to protect currency traders, although some of its recent decisions have been met with skepticism. In 2009, the NFA banned a practice known as hedging, which allowed a currency trader to maintain opposite positions in the same currency pair, and implemented order execution rules, forcing changes in some dealers’ trading platforms. Although the rules are designed to make trading operate closer to the futures and equity markets, some traders resent the presence of regulators making changes to a market that has been self-regulated since its creation. 

No Trading Restrictions 

Freedom to trade in whichever direction you see fit at any time you see fit is a key feature of the forex market. For years the Securities and Exchange Commission (SEC) enforced a rule against short-selling stocks known as the uptick rule. The uptick rule attempted to prevent speculators from intentionally driving down the value of a stock with relentless short selling. 

Under the uptick rule a trader could only sell a stock if the current price was above the sale price, or on an “uptick.” Once a stock was falling, traders could not sell the stock again until the next uptick. Although the uptick rule was suspended in June 2007, there have been plenty of calls to reinstate it following the relentless stock market selling in 2008 and 2009. The forex market has no restrictions on trading. If you believe the euro will fall against the dollar, you can sell it without restrictions. Currency traders are able to move in and out of positions freely, without an uptick rule or other regulatory restrictions. Having no restrictions on trading can also be a negative factor of the forex market. 

Since the market is unregulated and there are no restrictions on trading activity, the environment for manipulation exists. An extreme example of manipulation is the intervention by central banks. Intervention is a process of buying or selling tremendous amounts of currency to manipulate the exchange rate. The Bank of Japan has a history of intervening in the yen when its central bankers are displeased with the exchange rate. Manipulation can take many forms, from intervention to requoting a trader’s order to favor the dealer’s books. You should be aware of the risks involved with trading off-exchange in the spot market before you commit any live money to a trade. It’s called the Wild West of trading for good reason. 

Contract Flexibility 

Trading on exchange-based markets and the forex market is conducted in standard contract or lot sizes. Unlike the exchange-based market, the forex market doesn’t set restrictions on the size of a single contract. Theoretically you could place a single trade worth $1,384,284,927,944.01, assuming that you can find someone able and willing to take the other side of your trade—Dr. Evil, perhaps? Currency dealers on the retail market have carved up a standard $1 million interbank lot into three smaller lot sizes accessible to smaller retail traders, known as standard lots, mini lots, and micro lots. Standard lots on the retail side of the currency market are equal to 100,000 units of the base currency. 

Mini lots are equal to 10,000 units of the base currency; micro lots are equal to 1,000 units of the base currency. Some currency dealers even offer trades in single units, allowing a trader to place an order for 13,428 units rather than a conventional lot size. This gives the trader very precise position sizing capability that’s unavailable in traditional exchange-based markets. A unit might be a single dollar, euro, yen, or whatever the denomination of your account. For example, a trade of 10,000 units is synonymous with a $10,000 position if your account is denominated in U.S. dollars. 

Micro accounts offer new traders the ability to trade real money without placing a tremendous amount of money at risk. Typically a micro account measures profit and loss in terms of a single dollar per pip or even less, depending on the margin requirement deployed. These small lots are a great place for a new trader to cut his teeth on live money trading once he has demonstrated he can trade profitably on a demo account. They are also useful accounts for testing theories with a live money account. I keep a micro account with less than $1,000 in it for testing strategies on live markets with live money. Overall, micro accounts are a great option to get started with, even if you have $100,000. 

Transaction Costs 

Currency dealers heavily advertise that there are no commissions for trading currency, but that doesn’t mean the forex market is cheap to trade. Currency dealers earn their money through the spread, which is the difference between the price at which a dealer will sell a currency and the price at which the dealer is willing to buy it back. For most major currency pairs, the spread is very small, but the costs associated with that spread vary depending on the margin and leverage your account has used. You’ll learn more about currency pricing shortly, but for now understand that the transaction costs of trading currency on the forex marketcan be significant. For traders who trade frequently, transaction costs can be a significant amount of money to overcome to reach profitability.

Fortunately the forex market is a fast-moving one, and once you clear the price of the spread there are no further transaction costs. The more interbank trading partners a currency dealer has, the better that dealer’s pricing will be. Dealers with more than one or two interbank partners are able to take advantage of more quotes and pass them on to you.

Table 1.2 illustrates the difference in transaction costs for trading 10 different contracts across various market types. Although there is no commission, the forex market is certainly not a cheap market to trade. These prices were taken from the published commissions of a major broker’s web site. The cost of the currency spread assumes a euro/U.S. dollar transaction using leverage of 100:1. 

Trading Hours 
The forex market is a global marketplace and trades 24 hours a day, five days a week. This around-the-clock trading environment is not unique to the forex market but certainly does make it easier to manage trades around a schedule that fits your lifestyle rather than certain market hours. In the United States the forex market begins trading Sunday evening as Asian markets open for business and continues to trade until the New York markets close on Friday afternoon. 

However, just because the market is open 24 hours a day doesn’t necessarily mean anything interesting is happening. There are three major trading sessions that account for the majority of volume seen throughout the trading day. The largest trading session by volume is the London session. London is uniquely positioned in a time zone that’s open for business during work hours stretching from Dubai to New York. The London trading session accounts for the most price action and volume in the forex market by a long shot. New York follows London as the second largest trading session; Tokyo, or the Asian trading session, rounds out the top three.

Table 1.3 lists the three major trading sessions in the forex market and the times during which they are active. The times are listed in Eastern Standard Time.
Many trading strategies depend on the activity seen during the highervolume trading sessions. For many traders who work at day jobs, it is impractical to trade during a trading session that happens while they sleep or are at work. This book focuses on placing trades around supply and demand levels during the quiet times of the market, around your schedule. It is better to plan and enter long-term trades during the quiet hours of the market and leave the trading sessions to day traders who enjoy staring at charts all day.

The roots of our modern forex market are an interesting topic that has been covered ad nauseum by other trading books; however, I do believe it is important to have some knowledge of the market’s history, so this section covers the key points. If you have never studied global monetary systems, consider this section an abridged history of the forex market. 

The modern forex market’s roots began with over-the-counter currency trading desks established by banks throughout the 1970s and 1980s, following the collapse of a postwar-era monetary system known as the Bretton Woods system. Bretton Woods was established in June 1944, as World War II came to a close. The Allied nations sought to establish a new monetary system to promote global investment and capitalism and to eliminate the challenges of a gold standard system.

Under the Bretton Woods monetary system, member nations agreed to value their currency at parity to gold ±1 percent and then set their exchange rate against the U.S. dollar. In exchange, the United States agreed to peg the dollar against a gold standard of $35 per ounce and guarantee its exchange for gold. This promise by the U.S. government effectively made the dollar a global payment standard instead of using a gold standard. 

The phrase “good as gold” was frequently used to describe the U.S. dollar under the Bretton Woods monetary system. Although the system worked to foster investment and capitalism, it also encouraged a tremendous outflow of dollars into overseas currency reserves. The world needed dollars to support a global payment system based on the dollar, and the United States was content printing more money. The United States assumed it could balance the deficit with trade. Unfortunately, the outflow of capital finally caught up to the Unites States in 1950 and the country began posting a negative balance of payments, despite the government’s best efforts to increase trade.

As inflationary concerns loomed on the horizon, the United States found itself in a difficult position. Failing to supply the global demand for dollars would bring the monetary system to its knees, whereas continuing to print money would eventually threaten to devalue the dollar. Confidence in the U.S. government’s ability to maintain a gold match standard for the dollar began to wane, and speculation grew that a serious devaluation in the world’s primary reserve currency was inevitable.

In August 1971, President Richard Nixon finally intervened by suspending the peg dollar had against gold. The Bretton Woods era of a fixed exchange rate system was over. Policy steps were taken to implement a floating exchange rate system, which is the cornerstone of today’s modern forex market. In the 1970s trading desks were established among major banking institutions to facilitate currency transactions for major clients.

This private trading arrangement was known as the interbank, a term still used today to describe the electronic trading arrangements among major banks, institutions, and currency dealers. Today prices are determined by the forces of supply and demand within the forex market, allowing traders to capitalize on small swings between the exchange rates of two currencies.

The currency market, or more specifically the forex market, derives its name from the generic term foreign exchange market. The forex market is a decentralized global network of trading partners, including banks, public and private institutions, retail dealers, speculators, and central banks involved in the business of buying and selling money. The forex market is a spot market, which means that it trades at the current market price as determined by supply and demand within the marketplace. This differs from currency futures traded on the commodity exchange in the United States,which trades a contract price for  delivery in the future. In the spot market you are trading cash for cash at the current market price.

The forex market is the largest, fastest-growing financial marketplace in the world. Every trading day the forex market handles a transaction volume of nearly $3.2 trillion, according to a survey done by the Triennial Central Bank in 2007. To put that figure in perspective, the average daily volume on the forex market is nearly 20 times larger than on the New York Stock Exchange. The need for foreign exchange is driven by travelers, multinational corporations, and governments. Tourists from the United States need euros for their European vacations; corporations such as Microsoft exchange profits made overseas into U.S. dollars. Governments hold reserve currencies and manipulate the money supply while they implement their monetary policies. The forex market was created to facilitate the sale of currency to customers who intend to take delivery of the currency; however, the vast majority

Risk of forex

The forex market is a large, global, and generally liquid financial market. Banks, insurance companies, and other financial institutions, as well as large corporations,use the forex markets to manage the risks associated with fluctuations in currency rates.

The risk of loss for individual investors who trade forex contracts can be substantial. The only funds that you should put at risk when speculating in foreign currency are those funds that you can afford to lose entirely, and you should always be aware that certain strategies may result in your losing even more money than the amount of your initial investment. Some of the key risks involved include:

1. Quoting Conventions Are Not Uniform. While many currencies are typically quoted against the U.S. dollar (that is, one dollar purchases a specified amount of a foreign currency), there are no required uniform quoting conventions in the forex market. Both the Euro and the British pound, for example, may be quoted in the reverse, meaning that one British pound purchases a specified amount of U.S. dollars (GBP/USD) and one Euro purchases a specified amount of U.S. dollars (EUR/USD). Therefore, you need to pay special attention to a currency’s quoting convention and what an increase or decrease in a quote may mean for your trades.
2. Transaction Costs May Not Be Clear. Before deciding to invest in the forex market, check with several different firms and compare their charges as well as their services. There are very limited rules addressing how a dealer charges an investor for the forex services the dealer provides or how much the dealer can charge. Some dealers charge a per-trade commission, while others charge a mark-up by widening the spread between the bid and ask prices that they quote to investors. When a dealer advertises a transaction as “commission-free,” you should not assume that the transaction will be executed without cost to you. Instead, the dealer’s commission may be built into a wider bid-ask spread, and it may not be clear how much of the spread is the dealer’s mark-up. In addition, some dealers may charge both a commission and a mark-up. They may also charge a different mark-up for buying a currency than selling it. Read your agreement with the dealer carefully and make sure you understand how the dealer will charge you for your trades.
3. Transaction Costs Can Turn Profitable Trades into Losing Transactions. For certain currencies and currency pairs, transaction costs can be relatively large. If you are frequently trading in and out of a currency, these costs can in some circumstances turn what might have been profitable trades into losing transactions.
4. You Could Lose Your Entire Investment or More. You will be required to deposit an amount of money (usually called a “security deposit” or “margin”) with a forex dealer in order to purchase or sell an off-exchange forex contract. A small sum may allow you to hold a forex contract worth many times the value of the initial deposit. This use of margin is the basis of “leverage” because an investor can use the deposit as a “lever” to support a much larger forex contract. Because currency price movements can be small, many forex traders employ leverage as a means of amplifying their returns. The smaller the deposit is in relation to the underlying value of the contract, the greater the leverage will be. If the price moves in an unfavorable direction, then high leverage can produce large losses in relation to your initial deposit. With leverage, even a small move against your position could wipe out your entire investment. You may also be liable for additional losses beyond your initial deposit, depending on your agreement with the dealer.
5. Trading Systems May Not Operate as Intended. Though it is possible to buy and hold a currency if you believe in its long-term appreciation, many trading strategies capitalize on small, rapid moves in the currency markets. For these strategies, it is common to use automated trading systems that provide buy and sell signals, or even automatic execution, across a wide range of currencies. The use of any such system requires specialized knowledge and comes with its own risks, including a misunderstanding of the system parameters, incorrect data that can lead to unintended trades, and the ability to trade at speeds greater than what can be monitored manually and checked.
6. Fraud. Beware of get-rich-quick investment schemes that promise significant returns with minimal risk through forex trading. The SEC and CFTC have brought actions alleging fraud in cases involving forex investment programs. Contact the appropriate federal regulator to check the membership status of particular firms and individuals.

The delusion conceptually propounds that intraweek and intraday FOREX currency quotes movement is governed by either improvement or by deterioration of the state’s economic situation. But in reality, even in case the actual Forex news are superior to the estimated one, the FOREX quotes up/down movement is of 50/50 probability. This statement is thoroughly important. Once the job of Forex trader is gambling on FOREX exchange rates differential, the following is to be realized to obtain faultless profit:

1. FOREX pairs pricing mechanism (say at point X where you are completing the market analysis)
2. Factors imparting growth/decline to FOREX rates (up/down from point X).

Thus, having understood the FOREX ratesfactors effective at the extra-exchange (book-maker) FOREX market and the given currency motive factors, a trader must possess distinct knowledge of whether to buy or to sell the given currency pair.
So, what are these factors?
FOREX student suggest unambiguous interpretation of factors responsible for the price formation and the fluctuations there of:

1. Forex rate constitutes a demand-supply balance for a given goods (currency).
2. Any violation of this balance, (for instance, in case where the estimated news is in disagreement with the issued official one), results in the FOREX rates reciprocation in chase of a new demand-supply balance. Poor demand brings about decline in a certain currency rate, with a high demand leading to the growth of the latter. The situation continues as long as the currency buy/sell demand comes to balance at another level or at another point.

Referring to the B. Williams (“Trading Chaos 2” Chapter 1 “The market is what you are thinking of it”): Each world market is dedicated to distribute or share limited amount of something… among those desirous to obtain it most of all. The market affects it by way of finding out and identifying the exact price? Underlying the buyer’/sellers’ power absolute equilibrium point.
 

The above point is readily established by stock, futures, bonds, FOREX and options markets, be it either via an open auction or by virtue of a computerized facility. Markets spot this point prior to any mis-balance being detectable by You or by me or even by traders at the exchange floor.
 

With this scenario holding true – and it really does – we are in position to jump at certain simple yet important conclusions as regards the information being circulated through the market and enjoying doubtless acceptance”. Thomas Demark was more laconic in “Technical analysis - an emerging science”: “Price movement is governed by demand and supply. Should demand exceed supply, there’s a price rally and if visa versa, there’s a price decline. All economists do share these underlying principles”.
 

Hence, the role of fundamental analysis for FOREX market is readily apparent. In scholar fiction one will discover roughly the following explanation, persistently wandering from book to book, from site to site and suggesting attaining successful trading at FOREX market by way of scrutinizing the country’s economic fundamental data, viz. by tracking the factors reflective of the country’s economy condition as below:

• State economy condition dynamics indicators (GDP, trade & payments balance, current account, industrial production, etc. It is knowledge, that the higher the above indicators – the faster the economic and the currency price growth);
• •Stock indices, via average arithmetic index of the country’s securities market condition and dynamics. E.g.: 0.3% daily DJI growth in the USA means that this certain day the shares of 30 leading US companies, being pictured by DJU, went 0.3% more expensive. By similarity, DAX30 is the major German index, incorporating the price ofshares of the country’s 30 leading companies.

• The country’s interest rate, since the higher the rate, the greater number of investors is eager to invest into the country’s economy and hence into national currency strength.
• Rate of inflation (the higher the rate, the quicker the National Bank will hike the interest rate). With this assumption, the CPI constitutes a key factor.
• Money supply growth in domestic market, which fact brings about the inflation, leading to the interest rate hike.
• The country’s gold and currency reserve assets.
• Variation dynamics correlation of: balances of payment, trade balance, state budget, gross domestic product (GDP), etc.
• Trade and industry dynamics (industrial production, industrial orders, DGO, capacity utilization, retail sales, etc.)
• Construction statistics (construction spending, new home sales, housing under construction, building permits, etc.)
• Labor statistics (unemployment rate, new jobs, etc.)
• Society investigations (consumer confidence, consumer sentiment, purchase managers and service managers sentiment, etc.)
• To be considered additionally are the country’s political stability and tranquility (clearly, any political, natural and other cataclysms are sure to turn investors nervous making them withdraw the investments from the country, thus weakening its national currency). And with the currency being the national economy derivative, changes in economic data will inevitably result in the above currency rate movement.

Conclusions:

1. Progress in economy results in the currency exchange rate rally.
2. Decrease in economic indicators leads to the national currency rate decline.

To sum it up, critical economic and political news (whose calendar is issued in advance and is familiar to any trader) constitute a standing factor giving rise to mis-balance and causing the currency rate fluctuations.
In anticipation of important economic and political news FOREX pair crawl to the rates as inspired by the estimates (“rumored trade”), whereas upon actual news there occurs a pulse motion of FOREX pairs in accordance with the scheme below;

• Forex rate grows if actual news are better than the estimated one;
• Forex rate declines if actual news are worse than the estimated one.

ARE YOU FAMILIAR WITH THESE ABC BASICS OF STUDYING FOREX?
Do you accept that one can earn money by way of using these basics, known to every trader?
Then why, having absorbed these economic axioms, 90% of Forex traders in the world are losers rather than winners. Where is the delusion of the above ABC truth, nudging traders towards losses? Let us perform sort of point-by-point analysis.

1.The currency exchange FOREX market is a book-makers one. It is gambling on rates difference without direct money delivery to the exchange market, except for hedging of traders’ funds by Forex brokers, via buy-sell difference especially during strong trends). Then, www.forexite.com reads: “Trading is performed without actualcurrencies supply, which fact cuts overheads and enables Forexite to go long and short on the currency”

Comment: Have you ever met any book-makers;

• whose logics was coincident with that of THEIR clients (traders),
• whose stakes were being made in accordance with THEIR technical analysts forecasts, economic laws and common sense?

And what extent of doubt and skepticism should be attached to THEIR free “recommendations”, “advice”, “surveys” and “forecasts”, laid out at THEIR sites through THEIR analysts?

2.As a regular result, over 90% of the world traders are still loosing their deposits at FOREX each time they follow Thomas Demark stereotype that “All the economists share these underlying principles”.

Comment No.1. In as much as the above underlying principles are 90% contradictory to practice, it gives rise to the following question. Might these “underlying principles, shared by all economists including Thomas Demark” have possibly turned into dogma, alien to life and practice?

Comment No.2. What should a trader lean on: practice or dogma even if supported by great names, provided that the trader is purported at earning money?

3.FOREX analysts issuing their daily bulky market reviews are not FOREX traders in the overwhelming majority (see detailed discussion below). And on bringing together pairs 1, 2 and 3 there appears certain regularity. 

4.Please, think over A. Elder words, that: “FOREX rates and the fundamental analysis are tied together with a mile-long rope. The fundamental analysis is ultimately decisive. But anything is likely to happen prior to this
eventuality”. 

5.Another, yet no less renowned trader and analyst, Bill Williams underlines the same mental regularity of an
experienced professional trader (level 3 of his trader’s skill rating as per “Trading Chaos 2”): “On attaining level 3 you emerge as a self-provided pro trader. You are always familiar with the market’s basic, usually invisible structure. You no longer need to refer to others’ opinions. You needn’t read “Wall Street Journal”, watch marketoriented TV programs, and subscribe to information bulletins, waste money on information channels”. Comment: Logically, there is a counter-implication, that if You are eager to become a successful trader, You are to restrict the influence of various surveys and recommendations on yourself even in case they originate from the world famous “Wall Street Journal”, to say nothing of crude gurus in analyst skins who use to know ahead of time where currencies will go. 

6. Forex news is a scheduled issue of fundamental data, which as a rule impairs FOREX rates a sharp pulse of motion. But then, why the currency rates movement vector is only 50% coincident with the ABC truism logics as to where the rate should rush in case of actual news being much better or worse than the estimate. And, please, make an attempt to answer the following question, stirring for every trader: why with the new being worse than expected (say, on US economy), the USD currency would initially fall by 40 pips (news work-off) but in 5 to 10 minutes it would swivel back and would display a 200-point rally, with no account to either the issued news or to common sense.

Below are some examples:


Fig. 1. GBPUSD chart as of April 1, 2005 after the news, positive for the GBP and negative for the US economy.
In March the CIPS manufacturing index amounted to 52.0 (with the previous data revised from 51.8 to 51.6). Oil price in NYC has grown by USD 2.40 up to USD57.70 per bbl (new record of the latest 21 years). Non-farm payrolls in the USA was minimum since last July (previous data revised towards lower values). There has been a decline in the Michigan sentiment index to 92.6 (median estimate was 92.9, with 92.9 previously).
 

All the US indices faced a fall down. DJI at NYSE has fallen by 99.46 pips (-0.95%) towards closing at 10404.30. NASDAQ declined by 14.42 pips (-0.72%) to 1984.81. S&P500 slipped by 7.67 pips (-0.65%) to 1172.92. 30-yr US Bonds yielded 4.729 (0.037 lower as compared to the previous close). By contrary, FTSE100 has grown by 19.60 pips (+0.40%) to 4914.00.

Now, the question is to certified economists: what will happen to the GBPUSD within one day or even several hours upon publication of these data? You are right, USD should not simply fall down, it should collapse. Powerfully, swiftly. Well, well. And this time, the same question to experienced traders. By FOREX news headlines You might have guessed that the events are taking place at the Friday American session. Correct. Initially, anyway, the GBPUSD chart will go up by 100 pips (news wok-off), followed by a pullback. Then Forex chart starts a new rally.
 

It is now to be tracked whether the GBP will breach the latest rally high or not. If affirmative, it will rush up by approximately 160 pips (Elliott wave 1 was 100 pips, while EW 3 is 60% longer). But if the high is not breached? The GBP currency quote will in no way come to a standstill, moreover on Friday afternoon. Hence, - down, to the starting point! And, if breached, similar situation takes shape but the counting is performed in a “down” direction (EW1, being the same 100 pips plus 187 pips from 1.8826 to 1.8759 being EW 3).
 

The FOREX day trading tactics will be given scrutiny in a separate chapter. A still separate chapter will be dedicated to Friday trade at American session due to its inherent specifics and to strong seemingly inappropriate movement. The movement is, of course, appropriate. To say nothing of Friday. But it will be touched upon later.
 

Now, getting back to the currency chart. As apparent, the GBPUSD pair movement on Friday, April, 01, 2005 is in no way in conjunction with the US economy fundamental data. Each forex trader can provide from tens to hundreds of similar instances, where the news are of a certain vector, whereas, after a fraudulent rush along the news vector, a currency applies reverse thrust.
 

Thereafter, the next day, in daily currency surveys, certified economists are sure to explain all to us by way of inventing another undisguised nonsense, like: “in spite of certain data, traders decided that the currency has already worked-off this side”. But! How could this occur on Apr, 01, 2005, provided that the currency has been staying flat in a narrow range in the course of the whole of the European session?

Otherwise, another explanation may emerge, that forex traders were expecting still more inferior news on the US economy. But! By how much more inferior, if according to DJ, the US non-farm payrolls MA was equivalent to 180K, with actual being +110K, estimate being +225K and prior being +243K? And in what manner do these economists count up world traders: by capita, by countries or by the funds, lost by those, who continued staying long in a holy belief in renowned academic scholars postulate of FOREX rates being tied up to countries’ economy statistics.
 

I wonder if I’ll ever chance to witness legal procedures to be instituted against any of those famous scholars, so that no one would dare claim that fundamental data trigger rate spikes. The same pertains to economists, writing about the way, hundreds of thousands traders throughout the globe have conspired to conclude that it is time to reverse the trends with absolutely no grounds. Is it really feasible?
 

Such reading-matter is, but hammering a single question into one’s head: is it lie or is it stupidity of those cooking daily reports for taking traders for a ride, fooling them up and keeping them from the truth, which might be of great avail to them in daily trading. Traders are not a decisive factor, thus rates movement is in no way dependent on their will. Practically in no way.

Wanna check? Negotiate with tens of traders of the trading floor and arrange for a simultaneous entry long on some exotic FOREX pair. In so doing, try to push up either the NZDHKD, or the NZDCAD, or the HKDCAD. No need? I think so. You’ll certainly suffer failure with the above, to say nothing of the EUR, GBP, CHF.

Another example:
Fig.2. GBPUSD movement as of May 13, 2005.
 

This is an M15 chart of the American session, where the USD pair has grown by over 100 pips from 1.8583 to 1.8481 against the news, negative for the US economy:

Below are other similar examples of that same day.
Fig. 3. EURUSD chart as of May 13, 2005.

Hundreds of examples may be offered, where the Forex news vector is opposite to that of the currency movement. Practically, actual news may happen to be superior or inferior to the estimate. FOREX quotes up/down movement is also of 50/50 probability irrespective of the above. Why does it happen and what is the way for a trader to pinpoint entries and exits? This is going to be discussed in ensuing chapters of this book and in the Master forex-V Trading Academy proceedings.

Affiliates offers, sponsorships, and ads are going to bring in the majority of direct revenue for most bloggers. However, if you’re creative about it, there are several other monetization strategies to be found. The most common ones are subscriptions, donations, and merchandise sales.

Subscriptions and Membership Sites
Users are not exactly fond of paywalls, but if you attract a loyal following you can offer monthly subscriptions in exchange for some form of exclusivity. You could offer extra features to pro users (such as your articles in PDF and audio format), access to exclusive content that’s not available to your regular readers , or exclusive access to a useful resource.

WordPress users can look into plugins such as wp-Member and WishList Member to obtain membership site features for their blogs.12 Users of other  blogging systems may have to get creative to find similar features for their blogging platform or use third-party scripts or services. The risk of membership sites is alienating your user base and creating two classes of citizens among your readers (paying and non-paying).

Be careful if you decide to experiment with this monetization strategy. It has the potential either to generate plenty of income or to destroy your community, so tread lightly in terms of how you go about this approach. In particular, do not make your readers pay to read your blog posts. Doing so goes against the spirit of sharing your knowledge via blogging.

Donations
Receiving donations is much simpler than adding premium membership features to your site. You simply add a payment processor button (e.g., PayPal) and invite readers to donate. You can make it cuter and ask for a specific amount that would pay for a coffee, beer, or slice of pizza rather than having this approach come across as out-and-out panhandling. Add a nice coffeecup icon next to your call to action, and you may get a few donations here and there.

In my experience, donations are not a particularly lucrative approach to monetizing your blog. To make them work and be sustainable for you, you’ll need a particularly large audience of very loyal readers. Furthermore, you may have to motivate such users by recognizing them in a page on your blog. Another problem with donations is that if you try to earn money from your blog with ads, sponsorships, and affiliate offers, very few readers will feel like donating to you. And if you get rid of those revenue channels, you generally won’t be able to make up for them with donations alone.

I have tried a variety of donation-related approaches, including accepting Bitcoins and receiving micropayments via Flattr and Readability.13 Earnings were abysmal when compared to other revenue sources. One donation approach that I have seen work many times is having infrequent fund-raising posts,14 in which the blogger outlines the expenses and time commitment required to keep up the blog and requests (perhaps once a year) that readers to chip in to reach a specific amount of money.

For genuinely useful blogs with a loyal readership, such donation drives can quickly bring in a few thousand dollars in a matter of days or even hours. One such drive allowed Jason Kottke,15 a pioneer blogger, to switch to fulltime blogging back in 2005. But the model hasn’t been sustainable and his blog is now ad-supported (via The Deck). Keep this tool in your belt for when things are not going well economically. (Should you ever find yourself in extreme dire straits, remember also that your blog is essentially a virtual real estate asset and can, if worse comes to worst, even be sold on sites such as Flippa.

Sell Merchandise
Merchandise sales can quickly add up and, unlike the early days of the Web, you don’t have to ship products out of your garage. Using services such as CafePress, Spread Shirt, and Zazzle,17 all you really need is a nice design. If you did a good job in terms of branding and ensuring that your readers feel a part of a community, you may end up selling quite a few T-shirts and other types of merchandise with your logo on it. If you have a cute mascot like Reddit or Hipmunk both do,18 selling will be even easier.

Keep in mind that you don’t have to limit merchandise to your logo or mascot. With the help of a good designer, you can very easily create cute, fun, witty T-shirts and other gift shop-like items that are relevant to your niche and make some extra money via that route.

For example, I could add another source of revenue to my math blog by simply creating a series of math-related T-shirts designs that I sold for a markup over the base price I was charged by a third-party service. So far, I have not tested my hypothesis on Math-Blog, but I suspect it might work well. Much of what you’ll learn in the next chapter, when we discuss techniques to help sell your own products, can be applied to merchandise as well. Keep this monetization strategy as something worth exploring later in your life as a blogger, perhaps a year or two after having established your blog.