Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.
So what are the signals?
Strong Short 66% Retail Longs
Short 60% Retail Longs
Long 60% Retail Shorts
Strong Long 66% Retail Shorts
We are looking for 60%+ (Ideally for best opportunities 66%+) of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.
The pairs that we feel offer the highest opportunity for success are described in the Strong Short and Strong Long areas.
What’s New Today? After the Aussie rate hike news, retail short positions in the AUDUSD made a big push higher and are now close to the long zone. The USDCAD entered the short zone after a long while of hovering close to the zone but not quite making it.
Provided by Pivotfarm - The Home of Support and Resistance Trading
As I described earlier, the Fed began paying banks interest on their reserves one month after the September 2008 financial crisis struck the United States economy and spread throughout the world. The Fed (actually taxpayers) paid the banks more than $2 billion in 2009 at a small, but risk free, rate of one-quarter of 1 percent.
Economists inside and outside the Fed said these payments would be an incentive for banks to sit on their reserves rather than loan the money to businesses in a risky environment. This was the Bernanke Fed's contribution to unemployment.
I suggested that interest payments on reserves should be lowered and short term interest rates targeted by the Fed be allowed to rise to maintain a moderate rate of increase in the money supply.
However, Fed policy still persists as the banks sit on $1.047 trillion in reserves on September 1, 2010. This is 53.4 percent of the money (the monetary base) the Fed has issued. Compare this to 5.3 percent on August 1, 2008 before the financial collapse and the interest payments on bank reserves were paid.
So what does the Fed want to do now? Three Fed officials, Federal Reserve Bank Presidents, William C. Dudley (New York), Charles L. Evans (Chicago) and Eric S. Rosengren (Boston) have signaled their views making headlines: "Fed Officials Signal New Economic Push." (New York Times, 10/1/10) The officials reportedly suggest buying longer term Treasury bonds and thus issuing more money.
Once such transactions are made the sellers will deposit the money in a bank account. The banks may continue to hold more than half of the new money in reserves and collect more risk free interest. Instead of buying bonds why not follow the suggestion to lower interest payments on bank reserves and raise target interest rates to allow the money supply to increase at a modest rate?
Temporary attempts to change long term interest rates on U.S. Treasury bonds have many collateral effects, such as changing the current (spot) and future exchange rates, inducing outflows of capital from the U.S. and causing turbulence in the international money markets. I do not recall that the previous four Fed Chairmen (Arthur Burns, G. William Miller, Paul Volcker and Alan Greenspan) discussed these collateral effects of Fed policies in House Banking hearings where I assisted in preparing questions. Hello, the U.S. is affected by changes in the international money markets that respond to Fed policies.
The banks certainly favor the Fed's interest payments if they can continue to earn sufficient risk free interest on their reserves. Naturally, these Fed Bank presidents would be expected to have a strong incentive to please the banks that elected them to their office and may wish to be reelected at the end of their five-year terms. Two thirds of the nine board of directors that elect the presidents at each of the twelve Federal Reserve district banks are elected by Fed member banks in the district. (All national banks must be member banks. It is optional for banks chartered by state governments.) The election must be approved by the Board of Governors in Washington, but first the applicants must win over the votes of the bankers.
I had experience with this political process when a lawyer at the Kansas City Fed bank successfully ran to be its president. I was one of his staff tutors on monetary policy and general economics. It is an important political process that is also a major conflict of interest for the nation's most powerful bank regulators to be elected by the banks they will regulate.
When I testified against the payment of interest at a Congressional hearing, Congressman Pat Toomey (now running for the Senate in Pennsylvania) made a compelling and common argument for the payment of interest on bank reserves required by the Federal Reserve. (3/5/2005) If banks are required to hold reserves, it is a tax on their earnings, from money they cannot invest, that should be offset with interest payments to the banks. Surplus reserves (reserves that are not required) do not qualify under this rationale.
Economists have also said that the interest payments on reserves would be passed on to the depositors so that people could earn interest on money rather than wasting resources searching for secure investments that pay market rates of interest.
These arguments are not applicable in the current U.S. banking system. First, the interest payments on reserves are unlikely to be fully passed on to "ordinary" depositors by most banks. Rather, it would be a gift to bank stock holders estimated to have a present value of $16.7 billion. The reason interest payments are not fully passed on to depositors is another story about bank pricing practices.
An underlying fact is often ignored. Reserve requirements imposed by the Fed on banks are actually optional for many depositors. Vice President Richard G. Anderson of the St Louis Federal Reserve Bank calls them a "voluntary tax." ("Economic Synopses", 2008, No. 30) One reason is that many business depositors have "retail deposit sweep programs."
These are zero balance accounts because the money is taken off the banks' books before the banks close and interest is paid overnight. Then the money is put back into the accounts. That is all phony accounting to pretend there is no money in the account that would require the banks to hold reserves. The banks can pay a higher interest on these accounts because the Fed does not require reserves to be held against the accounts.
This a deplorable form of price discrimination that treats the "ordinary" depositors as fools who receive regular accounts that pay lower interest, currently often near zero. The Fed should stop this price discrimination, but why would they hurt the banks that elect the Fed Bank presidents?
Sweep accounts are not the only method banks have used to reduce reserve requirements. One example is an accounting scheme called "The Eurodollar Game" that large banks with offshore branches can use to reduce their reported deposits and thus their required reserves. (The game includes counting Friday as three days in calculating average deposits. The deposits can be transferred to offshore accounts so they don't appear on Friday and then brought back on Monday, another phony accounting trick.) Fed Chairman Paul Volcker replied to a request from Banking Committee Chairman/Ranking Member Henry B. Gonzalez to stop the Eurodollar game. Volcker replied that since there were other ways to bypass reserve requirements it would not be desirable to fix this one problem.
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.
So what are the signals?
Strong Short 66% Retail Longs
Short 60% Retail Longs
Long 60% Retail Shorts
Strong Long 66% Retail Shorts
We are looking for 60%+ (Ideally for best opportunities 66%+) of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.
The pairs that we feel offer the highest opportunity for success are described in the Strong Short and Strong Long areas.
What’s New Today? After the Aussie rate hike news, retail short positions in the AUDUSD made a big push higher and are now close to the long zone. The USDCAD entered the short zone after a long while of hovering close to the zone but not quite making it.
Provided by Pivotfarm - The Home of Support and Resistance Trading
As I described earlier, the Fed began paying banks interest on their reserves one month after the September 2008 financial crisis struck the United States economy and spread throughout the world. The Fed (actually taxpayers) paid the banks more than $2 billion in 2009 at a small, but risk free, rate of one-quarter of 1 percent.
Economists inside and outside the Fed said these payments would be an incentive for banks to sit on their reserves rather than loan the money to businesses in a risky environment. This was the Bernanke Fed's contribution to unemployment.
I suggested that interest payments on reserves should be lowered and short term interest rates targeted by the Fed be allowed to rise to maintain a moderate rate of increase in the money supply.
However, Fed policy still persists as the banks sit on $1.047 trillion in reserves on September 1, 2010. This is 53.4 percent of the money (the monetary base) the Fed has issued. Compare this to 5.3 percent on August 1, 2008 before the financial collapse and the interest payments on bank reserves were paid.
So what does the Fed want to do now? Three Fed officials, Federal Reserve Bank Presidents, William C. Dudley (New York), Charles L. Evans (Chicago) and Eric S. Rosengren (Boston) have signaled their views making headlines: "Fed Officials Signal New Economic Push." (New York Times, 10/1/10) The officials reportedly suggest buying longer term Treasury bonds and thus issuing more money.
Once such transactions are made the sellers will deposit the money in a bank account. The banks may continue to hold more than half of the new money in reserves and collect more risk free interest. Instead of buying bonds why not follow the suggestion to lower interest payments on bank reserves and raise target interest rates to allow the money supply to increase at a modest rate?
Temporary attempts to change long term interest rates on U.S. Treasury bonds have many collateral effects, such as changing the current (spot) and future exchange rates, inducing outflows of capital from the U.S. and causing turbulence in the international money markets. I do not recall that the previous four Fed Chairmen (Arthur Burns, G. William Miller, Paul Volcker and Alan Greenspan) discussed these collateral effects of Fed policies in House Banking hearings where I assisted in preparing questions. Hello, the U.S. is affected by changes in the international money markets that respond to Fed policies.
The banks certainly favor the Fed's interest payments if they can continue to earn sufficient risk free interest on their reserves. Naturally, these Fed Bank presidents would be expected to have a strong incentive to please the banks that elected them to their office and may wish to be reelected at the end of their five-year terms. Two thirds of the nine board of directors that elect the presidents at each of the twelve Federal Reserve district banks are elected by Fed member banks in the district. (All national banks must be member banks. It is optional for banks chartered by state governments.) The election must be approved by the Board of Governors in Washington, but first the applicants must win over the votes of the bankers.
I had experience with this political process when a lawyer at the Kansas City Fed bank successfully ran to be its president. I was one of his staff tutors on monetary policy and general economics. It is an important political process that is also a major conflict of interest for the nation's most powerful bank regulators to be elected by the banks they will regulate.
When I testified against the payment of interest at a Congressional hearing, Congressman Pat Toomey (now running for the Senate in Pennsylvania) made a compelling and common argument for the payment of interest on bank reserves required by the Federal Reserve. (3/5/2005) If banks are required to hold reserves, it is a tax on their earnings, from money they cannot invest, that should be offset with interest payments to the banks. Surplus reserves (reserves that are not required) do not qualify under this rationale.
Economists have also said that the interest payments on reserves would be passed on to the depositors so that people could earn interest on money rather than wasting resources searching for secure investments that pay market rates of interest.
These arguments are not applicable in the current U.S. banking system. First, the interest payments on reserves are unlikely to be fully passed on to "ordinary" depositors by most banks. Rather, it would be a gift to bank stock holders estimated to have a present value of $16.7 billion. The reason interest payments are not fully passed on to depositors is another story about bank pricing practices.
An underlying fact is often ignored. Reserve requirements imposed by the Fed on banks are actually optional for many depositors. Vice President Richard G. Anderson of the St Louis Federal Reserve Bank calls them a "voluntary tax." ("Economic Synopses", 2008, No. 30) One reason is that many business depositors have "retail deposit sweep programs."
These are zero balance accounts because the money is taken off the banks' books before the banks close and interest is paid overnight. Then the money is put back into the accounts. That is all phony accounting to pretend there is no money in the account that would require the banks to hold reserves. The banks can pay a higher interest on these accounts because the Fed does not require reserves to be held against the accounts.
This a deplorable form of price discrimination that treats the "ordinary" depositors as fools who receive regular accounts that pay lower interest, currently often near zero. The Fed should stop this price discrimination, but why would they hurt the banks that elect the Fed Bank presidents?
Sweep accounts are not the only method banks have used to reduce reserve requirements. One example is an accounting scheme called "The Eurodollar Game" that large banks with offshore branches can use to reduce their reported deposits and thus their required reserves. (The game includes counting Friday as three days in calculating average deposits. The deposits can be transferred to offshore accounts so they don't appear on Friday and then brought back on Monday, another phony accounting trick.) Fed Chairman Paul Volcker replied to a request from Banking Committee Chairman/Ranking Member Henry B. Gonzalez to stop the Eurodollar game. Volcker replied that since there were other ways to bypass reserve requirements it would not be desirable to fix this one problem.
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
bench craft company
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.
So what are the signals?
Strong Short 66% Retail Longs
Short 60% Retail Longs
Long 60% Retail Shorts
Strong Long 66% Retail Shorts
We are looking for 60%+ (Ideally for best opportunities 66%+) of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.
The pairs that we feel offer the highest opportunity for success are described in the Strong Short and Strong Long areas.
What’s New Today? After the Aussie rate hike news, retail short positions in the AUDUSD made a big push higher and are now close to the long zone. The USDCAD entered the short zone after a long while of hovering close to the zone but not quite making it.
Provided by Pivotfarm - The Home of Support and Resistance Trading
As I described earlier, the Fed began paying banks interest on their reserves one month after the September 2008 financial crisis struck the United States economy and spread throughout the world. The Fed (actually taxpayers) paid the banks more than $2 billion in 2009 at a small, but risk free, rate of one-quarter of 1 percent.
Economists inside and outside the Fed said these payments would be an incentive for banks to sit on their reserves rather than loan the money to businesses in a risky environment. This was the Bernanke Fed's contribution to unemployment.
I suggested that interest payments on reserves should be lowered and short term interest rates targeted by the Fed be allowed to rise to maintain a moderate rate of increase in the money supply.
However, Fed policy still persists as the banks sit on $1.047 trillion in reserves on September 1, 2010. This is 53.4 percent of the money (the monetary base) the Fed has issued. Compare this to 5.3 percent on August 1, 2008 before the financial collapse and the interest payments on bank reserves were paid.
So what does the Fed want to do now? Three Fed officials, Federal Reserve Bank Presidents, William C. Dudley (New York), Charles L. Evans (Chicago) and Eric S. Rosengren (Boston) have signaled their views making headlines: "Fed Officials Signal New Economic Push." (New York Times, 10/1/10) The officials reportedly suggest buying longer term Treasury bonds and thus issuing more money.
Once such transactions are made the sellers will deposit the money in a bank account. The banks may continue to hold more than half of the new money in reserves and collect more risk free interest. Instead of buying bonds why not follow the suggestion to lower interest payments on bank reserves and raise target interest rates to allow the money supply to increase at a modest rate?
Temporary attempts to change long term interest rates on U.S. Treasury bonds have many collateral effects, such as changing the current (spot) and future exchange rates, inducing outflows of capital from the U.S. and causing turbulence in the international money markets. I do not recall that the previous four Fed Chairmen (Arthur Burns, G. William Miller, Paul Volcker and Alan Greenspan) discussed these collateral effects of Fed policies in House Banking hearings where I assisted in preparing questions. Hello, the U.S. is affected by changes in the international money markets that respond to Fed policies.
The banks certainly favor the Fed's interest payments if they can continue to earn sufficient risk free interest on their reserves. Naturally, these Fed Bank presidents would be expected to have a strong incentive to please the banks that elected them to their office and may wish to be reelected at the end of their five-year terms. Two thirds of the nine board of directors that elect the presidents at each of the twelve Federal Reserve district banks are elected by Fed member banks in the district. (All national banks must be member banks. It is optional for banks chartered by state governments.) The election must be approved by the Board of Governors in Washington, but first the applicants must win over the votes of the bankers.
I had experience with this political process when a lawyer at the Kansas City Fed bank successfully ran to be its president. I was one of his staff tutors on monetary policy and general economics. It is an important political process that is also a major conflict of interest for the nation's most powerful bank regulators to be elected by the banks they will regulate.
When I testified against the payment of interest at a Congressional hearing, Congressman Pat Toomey (now running for the Senate in Pennsylvania) made a compelling and common argument for the payment of interest on bank reserves required by the Federal Reserve. (3/5/2005) If banks are required to hold reserves, it is a tax on their earnings, from money they cannot invest, that should be offset with interest payments to the banks. Surplus reserves (reserves that are not required) do not qualify under this rationale.
Economists have also said that the interest payments on reserves would be passed on to the depositors so that people could earn interest on money rather than wasting resources searching for secure investments that pay market rates of interest.
These arguments are not applicable in the current U.S. banking system. First, the interest payments on reserves are unlikely to be fully passed on to "ordinary" depositors by most banks. Rather, it would be a gift to bank stock holders estimated to have a present value of $16.7 billion. The reason interest payments are not fully passed on to depositors is another story about bank pricing practices.
An underlying fact is often ignored. Reserve requirements imposed by the Fed on banks are actually optional for many depositors. Vice President Richard G. Anderson of the St Louis Federal Reserve Bank calls them a "voluntary tax." ("Economic Synopses", 2008, No. 30) One reason is that many business depositors have "retail deposit sweep programs."
These are zero balance accounts because the money is taken off the banks' books before the banks close and interest is paid overnight. Then the money is put back into the accounts. That is all phony accounting to pretend there is no money in the account that would require the banks to hold reserves. The banks can pay a higher interest on these accounts because the Fed does not require reserves to be held against the accounts.
This a deplorable form of price discrimination that treats the "ordinary" depositors as fools who receive regular accounts that pay lower interest, currently often near zero. The Fed should stop this price discrimination, but why would they hurt the banks that elect the Fed Bank presidents?
Sweep accounts are not the only method banks have used to reduce reserve requirements. One example is an accounting scheme called "The Eurodollar Game" that large banks with offshore branches can use to reduce their reported deposits and thus their required reserves. (The game includes counting Friday as three days in calculating average deposits. The deposits can be transferred to offshore accounts so they don't appear on Friday and then brought back on Monday, another phony accounting trick.) Fed Chairman Paul Volcker replied to a request from Banking Committee Chairman/Ranking Member Henry B. Gonzalez to stop the Eurodollar game. Volcker replied that since there were other ways to bypass reserve requirements it would not be desirable to fix this one problem.
bench craft company
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
bench craft company
For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
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For Fox <b>News</b>, Most Viewers Ever for a Midterm Election - NYTimes.com
Fox News, a favorite of Republicans, averaged 6.96 million viewers in prime time on Tuesday, according to ratings results from the Nielsen Company. Fox more than doubled CNN's numbers, which averaged 2.42 million viewers, and more than ...
Even FOX <b>News</b> Not Hiring Christine O'Donnell
FOX News not doing something is always a banner news item. They also didn't burn down the Empire State building today or march naked through Times Square. Don't miss writing news copy about that! ...
FOX <b>News</b> Propels <b>News</b> Corp to Profit Growth
News Corporation (News Corp) is the world's second-largest media conglomerate (behind The Walt Disney Company) as of 2008 and the world's third largest in entertainment as of 2009. The company's Chairman, Chief Executive. ...
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Why do most people fail to make money on ebay? There are many reasons that people fail to make money online with ebay, but its mostly lack of planning, and research, or in other words: lazy!
Selling on ebay is a fairly simple method to make money online, however simply picking up a few items at a yard sale and listing them for sale on ebay will get you no where fast. You need to pick a niche (sales category) and perform detailed research into what products in your niche are selling, and how much they are selling for. Factor in ebay listing costs. and paypal fees and now you know a price to stay under when looking to purchase thes products.
The biggest reason I believe people fail or give up when in comes to making money on ebay is the myth that there is some secret wholesale list. I have been asked many times "where do you buy your products?" I have seen it in the forums, endless questions about where the secret wholesale suppliers are, that the ebay powersellers use.
As a matter of fact my sister in law was into ebay far before I decided to start, and after no more than two months I quit my job while she was still wasting her time looking for this secret wholesale supplier, she even quit talking to me because she just knew I had one and wasn't telling her.
You can search for the rest of your life, but I promise you that you will not find wholsaler that will sale you legal new release dvds for three dollars a piece.
You must think outside the box when it comes to selling on ebay. Who says that you have to obtain your products from a wholesaler? You know what type of products you need, and you know what price range you need to get them at. So look everywhere you can to obtain these products.
When I sold on ebay, my niche was dvds and t.v. series box sets. I would first buy circuit city gift cards off of ebay, most times I could get a $100 card for about $95 then I would look in the best buy ad to see what was on sale, then I would take the best buy ad to circuit city which would price match the ad plus beat it by 10%.
So now I had products that were in high demand that I was making a small profit off of, and by time I sold about 50 or so per day that small profit was pretty good. I only did this however to bring attention to my ebay store. I had many high demand products that people were searching for and reading through as they did I was cross selling dvd bundles and older titles that I made a much higher profit on.
This is what I mean by thinking outside the box. Once you learn your product, what your product sales for, and learn your customers buying patterns you can put creativity to use and you will have success with your ebay business.
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