My blog is all about making money and although the majority of the posts have been to do with trading the financial markets, I am also trying a lot of other things.

Once such avenue is through Clickbank the online seller of electronic products. The nice thing about Clickbank is that you do not need to have your own products, you can simply market other people’s products and take a cut on every sale that you make. Of course, you can have your own product too and sell through Clickbank or make it attractive for other people to sell it (and pay them a commission per sale).

There are many ways to make money via Clickbank and what I have been doing has been extremely simple. I am advertising through the Google Adwords program (these are the links which appear in the Google search engine) and putting the link to the Clickbank page of the product that I am selling.

This does mean that I have to pay money for advertising but the money that I make back is a lot higher. Currently, for every $10 I am putting into Google advertising, I am getting $30 back.. hence, $20 of profit.

Here is the picture of my cheque I received recently for $490.60!!

(click on picture for a larger one)

If you would like to set up your own Clickbank account, click here

If you would like to set up your Google Adwords account, click here

I’ll start to write a little series on how to sell through Clickbank and some of the little tricks that I have employed to get it to work for me!

Tags: adwords, clickbank, clickbank cheque, clickbank payment, make money, making money, selling ebook

I spotted an excellent long entry and went for it, got in at 175.61 and closed it out at 177.23 for 162 points! Hoorah, that’s a nice gain. I could have held it longer.. it’s gone up another 20 points since but I can’t prise myself off this computer when the charts are moving.

I think the market has further to go.. there was a huge reversal on the US and UK markets today after all the help with the Financials from various governments.

Tags: day trade, day trading, daytrade, forex, Forex trading, gbpjpy, makemesomemoney, making money, market reversal, money, pips, Spreadbetting

Most traders have a few or just one trading setup which they execute over and over again. A trading setup is when there is a predefined condition on the traded instrument which signifies and entry and exit. The most successful traders are those that know their trading setup has a positive expectation overall and are disciplined enough to run the same trade over and over again when the conditions are right.

I have read a lot of trading books and I think the key to becoming a trader is firstly trading psychology. This means controlling the emotional aspects of your trade when real money is on the line. You can read about trading psychology and what it is etc in books and be aware of it and then get a view when your trading psychology falls thin but this isn’t the same as actually mastering your trading psychology so that it is optimal for trading. Trading psychology takes time to get right, you will need to experience first hand what it feels like to win money, to lose money, to get frustrated. You will experience fear when the market is going against you and greed, the need to take a profit early when the market is going your way. Mastering ones trading psychology can take years….

However, once you have reached a level where your mind is ready. You will need to find some trading setups which you will feel comfortable with. When I say comfortable, I mean that some people will prefer different timeframes for trading.. some people like to make many trades in a day (day traders), some can hold for hours, days (position traders) etc.

I found a fantastic website with many trading set ups today which I thought I would share with you all:

http://www.trading-naked.com/Setups.htm

Just one more note, on the website there is a note which says:

Pick One, Master It, Be Consistently Profitable, Do it Now

The key here is being a specialist and mastering just one setup. You may think that if you learn them all, you be bucks in as you’ll have all these setups. This is never the case, I’m sure you’ve heard the saying “Jack of All Trades, Master of None”… this is very true of the markets, the markets are not very forgiven if you are not the best at it, you will lose money… this is another element of trading psychology.

Tags: day trader, day trading, daytrader, financial trading, free, freebies, macd setup, makemesomemoney, making money, money, position trader, position trading, stochastic setup, stock market, trading blog, trading emotions, trading library, trading progress, trading psychology, trading setup, trading setups, trading your emotions