Since the introduction of social networks, many people have run to forum and blogs to share and garnered information on various fields. As expected the Forex trade has not been left behind in coming up with engaging and very informative forums and fan pages. All these are aimed at fostering Forex education; an integral part of the currency trade. In trying to define a blog, one thing stands out clear that the main idea is to share informative posts and then engage the blog site visitors to leave their comments (be it questions or complements). It is true that there only exist a slight difference between a blog and forum (both of which are common in the Forex world) but one thing is clear that while a blog only allows one discussion starter, a forum allows many people to start different threads on a Forex topic of their choice.
A step by step procedure of creating a Forex fan blog starts with the choosing of the right domain name and registering it. The domain name uniquely identifies one’s blog site from the billions that there are online and thus need to be catchy, descriptive but short and with the right extension. A domain name is only good as the number of people who can remember it, therefore a Forex blog starter should have a unique but easy to remember name. Upon the name registration, it is time to activate the site by setting up a webhosting account. Most Forex blogs do not attract a lot of cash in terms of hosting fee thus should not be a hindrance. Without a hosting service provider, the domain name remains inactive and thus useless prompting speedy search for a credible and affordable hosting site. To avoid unnecessary termination of site hosting due to unpaid fees, a Forex blog should be subscribed for a period of at least 2 years since Forex sites are mostly busy and going offline can be a big let down to information seekers.
Once the blog is hosted, it is time to install the WordPress plug-in on the site. However, there are things to consider before installing WordPress onto a Forex blog. First, ensure that the host meets the basic WordPress requirements such as the latest PHP (the most common scripting language that can be easily embedded into the Hypertext Markup Language-HTML) and MySQL versions. The latter is essential for managing linked databases and which can serve multiple users. After the necessary plug-ins are in place, the Forex fan blog is considered completely setup and ready to use.
Importance of a Forex Fan Blog
Forex market is the most demanding and also one of the most competitive businesses in the world. Trying to get people to be interested in one’s business requires intuitive ideas to attract traffic to one’s site. Nothing does this well than a blog site where the visitors will have a say on the materials and available services. With an increased audience, the trader or the Forex firm has the chance to constructively engage people on things that are relevant to them. In the process sales are usually improved.
In an instance where a certain Forex Strategy was being promoted or even in the case of a new Forex robot, a real time feedback on the performance of the product is vital. With a fan blog, it will be easy to get these updates and thus guide the trader on how to improve their product (s) further. Positive feedback can also help position an individual as an expert and thus improve the personal credibility as well as the institutions. Answering people’s questions on technical analysis, Scalping or even on Stop-Loss-Order are a recipe for an improved image in the Forex world.
Since Forex is a growing industry with new ways of making money being invented almost on a daily basis, a blog would therefore offer the avenue to test a new idea. How people react to the idea can encourage one to modify the idea or simply put it into use if it has most endorsements. Reading feedbacks on how the Forex advisor a trader developed is performing, for instance, does encourage and often promotes one to try new ideas with the aim of bettering the current.
Fan blogs are the best ways of getting real time updates on how a product or Forex trading strategy is performing. They are also easy to set up and comparatively cheaper to host and maintain since WordPress does come with themes.
Tags: currency trade, Forex blog, Forex Education, Forex fan, Forex Robots, Forex strategy, Scalping, social networks, Stop-Loss, Strategies