The John McLauchlan Newsletter
for Online Business Owners and Forex Traders
Welcome to this week’s Newsletter with news and resources for Online Business Owners and Traders.
Understand Your Numbers
Whatever business you’re in, Forex Trading, Online Business or Traditional Business Ownership you NEED to know your numbers.
The first priority within a Trading environment involves proper account management.
Analysis and strategy will determine your risk-to-reward ratio, lot size, stop losses, spread and take profit levels. All of which are taken into consideration before placing a trade
While understanding your numbers is fundamental to Trading, it’s sometimes overlooked by Online Business Owners.
With so many different business models within Internet, Network and Affiliate marketing, understanding your numbers can be complex, but it’s ESSENTIAL for you to plan and set realistic expectations.
Once you understand the business model, you need to understand your marketing metrics.
At the very least, you need to know – HOW much money you’re going to make after advertising costs, overheads and transaction fees.
The reason I’m stating the obvious here, is too many people get swept up with hype, getting involved in businesses that pay very little in reality.
Taking the time to ask questions and fully understand your numbers will help you develop a realistic business plan, and achieve your business goals.
This subject IS a little dry, but it’s better than being wet behind the ears.
Business Projects 2023
This side project that I started 3 almost 3 weeks ago is gaining a surprising amount of momentum.
Here’s a 2.5-week update on how things are going.
Digital Marketing
51 Critical Marketing Metrics (And How to Use Them)
Here’s an article that will help you understand your numbers and 51 critical marketing metrics to spot areas for improvement and get your promotional plan back on track.
Business Plans
Here’s a good article from the BBC about crafting business plans. and understanding your numbers.
The Complete ChatGPT A.I. Open A.I. Training Bundle
Earlier this week I was impressed as I watched a well-known marketer craft a marketing campaign with A.I. So to help you learn more I found this A.I. learning bundle with a huge 97% discount.
Forex Trading
Bitcoin Price $22372.03 (Previous Week – $24578.15)
GBPUSD 1.2042 (Previous Week – 1.2039)
Week on the Charts
The backtesting on our SFF strategy is getting better all the time as you can see from this image taken this week.
To keep up to date become part of our trading community on my Forex FIT Facebook page.
Technical Tuesday: Gold, USD/CAD, FTSE
Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike.
A member of our community recently became a $1m Trader because of NLP.
Would you like access to the same resources as he did?
Click here for the information.
That’s it for this week.
Speak soon.
John McLauchlan
