“How To” Start Trading The Forex Market

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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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“How To” Start Trading The Forex Market

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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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Aim for the Moon, If you miss...

The saying goes like this "Aim for the moon, if you miss at least you will be among the stars!"

When it can’t be done – do it. If you don’t do it, it will not be done.

A new idea can be either unfamiliar, or silly, or both. It can be judged by description, it needs to be done to exist. It’s unlikely that anyone will invest or sanction the cost of something they don’t understand, therefore you have no choice but to do it yourself. You have to find a way to get it done

It’s exciting. It’s difficult and it’s fun. If it was easy anyone could do it. The film Citizen Kane is a very good example. It was stolen not sanctioned Orson Wells couldn’t find any financial backers, but he raised a small amount for casting. He begged, borrowed and milked people into building sets and shooting full –blown screen test which eventually formed a third of the film. Now it existed.

Backers could see what they were getting and he got the money. Without him doing it when it ‘couldn’t be done’ it would be another in the endless list of ideas that never happened. Myles Munroe says the wealthiest underground deposits are not the oil fields of Arabia or Alberta, not the Natural Gas deposits of the North Sea, it’s not even the diamond mines of South Africa – rather its cemeteries across the world. For in those graveyards are books that were never written, art never painted, songs never written, companies never started. In those tombs lies the greatest wealth potential – ideas.

You have them every day – what will you do with yours? What stops you from pursuing yours? Fear? Perhaps you are searching for an idea – well think outside the box. If you can’t think of anything that hasn’t been thought of already, then you need to start playing by the rules.

The person who doesn’t make mistakes is unlikely to make anything. Benjamin Franklin said “I haven’t failed. I’ve had 10,000 ideas that didn’t work. Thomas Edison said  “Of the 200 light bulbs that didn’t work, every one of them told me something that I was able to incorporate into the next attempt. Theatre director Joan Littlewood said “If we don’t get lost, we’ll never find a new route.”

All of them understood that failures and false starts are a precondition of success. It takes a positive attitude to make mistakes well. Samuel Beckett said “Fail, Fail again, Fail better!”

It’s wrong to be right.
Being right is based upon knowledge and experience and is often provable. Knowledge comes from the past and its safe. It is also out of date and the opposite of originality.

Experience is found in solutions to old situations and problems. The old situations are probably different from the present ones, so that old solutions will have to be bent to fit a new problems) and possibly fit badly). Also, the likelihood is that if you’ve got the experience, you’ll use it. This is lazy.

Experience is the opposite of being creative. If you can prove you’re right, you are set in stone. You cannot move with the times or with other people. Being right is also boring and you mind is closed. You are not open to new ideas.

Star being wrong and suddenly anything is possible. You are no longer trying to be perfect. You are in the unknown, with no clue as to what will happen, but there’s more of chance of it being worthwhile than if you try to be right.

Most people worry about suggesting stupid ideas because of what others will think. Yes, it’s a risky business – you can look silly. Risk is a measurement of a person. People who won’t take them are trying to preserve what they have. People who do take them often end up having more.

Let’s dare to try new things, to aim high knowing that if we miss – its ok… we are closer to something new that has never been seen or heard of. 

You should take a look at Internet Marketing, Forex Trading and other crazy ideas that everyone will doubt and predict your failure in. But its ok to try and fail…  but what happens if you don’t fail? What would your life look like if you were not afraid of the new, of being wrong or failing once again?





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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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6 Proven Ways to Earn Money Online!

The internet is wealth creating resource.  It has made millionaires of countless individuals who have found ways of providing products/services via the internet.  This site is for e-marketers and future or home-based business owners.  Here you’ll find ways to make money on the internet as well as work-at-home resources to help get you started.  First, let’s start with the most common ways of making money online.  Below are the 6 most common ways used today to earn income on the net:


Buying and Reselling/Ebay
Drop-shipping
E-trading
MLM (Multilevel Marketing) and Direct Selling
Affiliate/Referral Programs
“Out of the box”

1.  E-bay Selling - Buying and selling products is one the most common ways of making money online.  It can be very profitable if you find, make or channel a product that is in demand for example: e-books/information, electronics, furniture, office supplies, apparel, etc.  The key is to out-think the competition, since the creation of the Ebay phenomenon thousands of sellers have monetized on the opportunity.  It’s important to find a product that you’re familiar with in order to be an effective seller; for example, don’t sell computers if you don’t know what “processor speed” is, you’ll just set yourself up for failure.  If your having trouble finding a product try going to WWB, they offer products as well as information/ tools on how to find niche products and sell them on Ebay.  You can also go to the Ebaystore to set up an inexpensive storefront if you don’t want to build your own.

 
  Drawbacks to Ebay selling are:

 Finding/making a profitable product
 Can be time consuming (Plan to spend 20-30 hrs/week)
 Very competitive market


2.  Drop-ship- Drop-shipping is very similar- however the advantage to drop-shipping is that you don’t have to worry about moving the products yourself.  With drop-shipping you’re really working as a third party in the sense that you find vendor’s who’ll drop-ship, and when you make a sale, they deliver the products directly to the customer for you-thus, no inventory or overhead costs?  It can also save you the money and hassle of running to UPS every month to send/receive shipments.  Another perk is that you don’t have to buy the product before you sell it!  You simply take the order and give it to the manufacturer for shipping, and you receive a check, without having bought a thing.  I know I make this sound pretty easy but in fact it takes an adequate amount of information gathering in order find hot products.  The first thing you will need to obtain is a drop-ship directory in order to find vendors who drop-ship, it will cost you anywhere from $55-85, but the money you spend will more than pay you back in safety and time.  The only source I recommend for directories is WorldWide again because their the only vendor directory provider that’s Ebay certified-there’s a lot of fakes out their posing as drop-ship providers who are really just “middlemen” trying to collect a commission.
                 
              Drawbacks to drop-shipping are:
 
It can be extremely time-consuming finding reputable vendors with profitable products that will work with drop-shippers. 
Backorders and returns can be a headache if you’re with a bad vendor. 


3.  E-trading is a trend growing more in popularity everyday.  Right now the biggest e-trading market is Forex (Foreign Exchange Market) which has a higher turnover rate than the U.S. equity market.  Foreign currency trading is a VERY lucrative market and involves simultaneously buying and selling currency online.  Transactions take place OTC (Over the Counter) or via internet/phone, as there is no centralized location for trade such as with the stock or futures markets.  Not only does Forex offer trading tutorials and conferences for you to learn to trade, but they also allow novice traders to get a taste of the market by allowing you to begin trading with as little as a $25 investment.  Forex trading time is short in nature as it does not require long periods of holding before trading as with stocks or bonds.  Actually 85% of all currency transactions last around a week or less.  A great benefit of trading with Forex is that you aren’t charged commissions or exchange fees.  They also offer “real time” price quotes. Go over to Forex.com to get more information about the currency trading market and how to get started. 

         Drawbacks:

Plan to have an investment of at least $250 to see the big bucks.
The market can be very sporadic and due to the short term nature you will need to stay informed (daily, even hourly) of trends and economic changes that will cause value fluctuation.


4.   MLM and Direct Selling business opportunities in my opinion are the most misrepresented and underestimated income opportunities on the web.  Most of this is due to false and misleading claims about products/services and income potential made by shady distributors and sales associates.  Multi-Level Marketing or (MLM) companies are organizations that provide a product or service and market it by “word of mouth” advertising or paying independent distributors to sell the products as oppose to paid advertising i.e., radio, TV, newspaper.  These distributors sell the products and receive commissions; however the majority of the money is made by “referring” or bringing in more distributors, who then bring in more distributors, and so on.  The key to these businesses is to find established and legit companies with good commission structures and not spend time and money on small, “fly by night” corporations.  Direct Selling is really in essence MLM (even though they try hard to distinguish themselves) except the products that are usually sold are “higher ticket” or more expensive products.  Direct selling allows you to make more money with fewer recruits because you have higher commissions.  Both of these opportunities are for people who desire and motivation to “run their own business”, because once you recruit people in under you, you have to teach them how to do the same, it’s called the process of “duplication” which involves duplicating the work habits of successful individuals and teaching others to do the same.  Income is unlimited and residual, so even when you retire from the business (realistically anywhere from 2-4 years) you’ll still receive checks!  An initial investment is required for both opportunities in order to purchase the products and/or start-up kit so if your not looking to invest anywhere between $50-250 for an MLM or at least $500-2k for Direct Selling maybe these businesses aren’t for you.

                 Drawbacks:

With so many un-established companies on the internet its hard to discern what companies are paying real people real money, so do your research before pulling out your credit card.
There is a high drop out rate in MLM’s due to lack of adequate training from the recruiter/upline and or motivation on the recruits part, so choose your upline carefully because some members will recruit you then leave you on the corner.
Direct selling is bit more challenging due to the type of products/services being offered.  It’s more challenging to sell due to the fact that a lot of people who are looking for a business are doing so because cash is tight, so most of them don’t have a grand to invest in order to start (believe me I know).


5.   Last but not least we have Affiliate programs.  Affiliate programs are perfect for people who don’t want to sell their own product, don’t want to talk to people on the phone or in person, and/or don’t want to spend a lot of money.  An affiliate is someone who advertises a company’s services/products on their site by placing banners/ads of the company’s site on their website.  When the organization makes a sale from your website link, and in some cases even a referral from the affiliate’s site, the affiliate receives a commission.  Affiliate marketing is inexpensive to start because 99% of the companies don’t charge you to become an affiliate, and why should they?  I mean after all you’re bringing them visitors, which turns into more sales revenue.  You don’t have to have your own site to be an affiliate, but it is necessary if you’re looking to attract more visitors and make more money.  The key is joining a good handful of affiliate programs so that you can create multiple streams of income, that’s how top affiliates earn thousands/week.
 
               Drawbacks: 
              
It can be challenging finding quality affiliate programs to join.  Many companies claim to “have the best” program.
If you don’t have traffic, what’s the point? It’s better if you actually KNOW HOW to bring traffic to websites.  Many affiliates make money due to the fact that they don’t know how to market their programs.



Not enough???  Well try thinking out of the box.  Most successful online marketers created income by simply finding a need or a solution for a product/service.  For example, while vacationing in Colorado a few years ago I came across a guy who’d made millions simply by creating a website/lead capture page that surveyed people who were searching for real estate.  The page, he stated, basically was a questionnaire collecting information about their requirements:  price range, number of rooms, location, etc.  After receiving the information from the site, he then sold their information as leads to mortgage companies and real estate agents in those local areas!  This can be a very profitable business venture because real estate agents are always on the hunt for warm leads.  You can even apply this to any other business where leads are sought after.   

Don’t let drawbacks discourage you!!  All of these strategies are viable and the most commonly used ways to make money online.  You just have to have believe that you can be successful-besides what business doesn’t have its drawbacks?  See you at the top!!!


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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading

With the amazing growth of the forex market, you are going to see an astounding amount of traders lose all their money. Unfortunately, they haven't followed the simple steps I have laid out for you. Go through these steps and give yourself the greatest opportunity to achieve your goals.

1. Have Faith In Yourself

To reach the level of elite forex trader, you must trust in yourself and your forex trading education. You must be willing to make all your trading decisions, instead of relying on someone else's thoughts or ability (or lack of). Of course, you will prepare yourself fully before every risking any money.

2. Accept Your Learning Curve

Unless you are a veteran trader, you will lose money trading the Forex market. This is a near certainty. I don't say this to talk you out of trading. In fact, quite the opposite. You will be trading against others that fall to this reality day in and day out. You, however, will not risk a dime until you have learned the skills you need to make money trading the forex.

3. Decide What Type of Trader You Are

There are many ways to trade the forex. They range from very active to very patient. You must decide which style suits you best. The best time to learn this about yourself is while you are trading a demo account. There is no need to allow your learning curve to cost you money.

4. Get Educated

Education is the shortest path to elite forex trading. Regardless of your ultimate goals, you will reach them quicker with a great forex trading education. Take some time to review different options before deciding on who to trust with your forex trading education needs. A forex seminar will help shorten your learning curve drastically.

5. Continue to Get Educated

In order to achieve and retain elite forex trading skills, you must constantly be adding to you knowledge base. Your education should never end. In fact, one of the key points to look for in an elite forex trading course is ongoing education. It's nice to have an ongoing relationship with the person/people helping you to achieve your goals.

What separates an elite forex trader from all others is their desire and ability to be independent. Many traders are willing to follow signals, systems, strategies, or anything else you may call them. By taking this approach, however, these traders are only as good as the people they follow.

An elite forex trader will lead. Their decisions will be calculated and analyzed to near perfection. They will make decisions with no hesitation, and handle the growth of their account in a predetermined, intelligent fashion. Take your trading to their level and you will never look back.


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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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Currency Trading

Have you heard about FOREX? How currencies are traded?

When you think about Forex, what do you think of first? Which aspects of Forex are important, which are essential, and which ones can you take or leave? You be the judge.

Let’s talk about FOREX and advantages of FOREX trading.

The good thing about FOREX is that the amount of money you need to place a trade (known as "margin") is all that can be lost!

Of course, with the proper self-taught education you will win more than you will lose, but you should know  that despite the high leverage of FOREX trading (200:1 is possible, which means that when you put up $1 the trading vendor will allow you to trade it as if you have $200), it’s still  less risky than futures (commodities) trading. And when you trade stocks you can’t get this type of leverage.

Because of the FOREX market’s liquidity and twenty four hours continuous trading, dangerous trading gaps and limit moves are eliminated. Orders are executed very quickly, without slippage. If you do your research and find good brokers, they will automatically close some or all of your open positions if your account’s equity falls below the level required to hold the positions. You’ll never lose more than you have in your FOREX account.

Currencies are traded in dollar amounts called *lots* -- One lot is equal to $1,000, which controls $100,000 in currency.
This is the "margin" I talked about above. You can control $100,000 worth of currency for only 1,000 dollars.

Currencies are always traded in pairs. The most popular currencies and their symbols are:

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

A currency can never be traded by itself, so you can't trade a USD by itself. You always need to compare one currency with another currency to make a trade possible.

The most commonly traded currency pairs are:

EUR/USD   Euro / US Dollar
"Euro"

USD/JPY   US Dollar / Japanese Yen
"Dollar Yen"

GBP/USD   British Pound / US Dollar
"Cable" 
     
USD/CAD   US Dollar / Canadian Dollar
"Dollar Canada"
   
AUD/USD   Australian Dollar/US Dollar
"Aussie Dollar"
      
USD/CHF   US Dollar / Swiss Franc
"Swissy" 
   
EUR/JPY   Euro / Japanese Yen
"Euro Yen"

The currency on the left is called the base currency. The currency on the right is the counter currency. For example, when you place an order to buy EUR/USD pair, you are actually buying the EUR and you are selling the USD. When you place an order to sell EUR/USD you are selling the EUR and you are buying the USD. Buying or selling a currency PAIR means buying or selling the base currency, and doing the opposite with the counter currency.

It might seem a little confusing, but actually it is easier to treat the currency PAIR as one item. It means when you place trades you simply sell or buy the pair. The base/counter concept is only important for fundamental analysis.

To decide when to sell or buy you will need to learn technical analysis and/or fundamental analysis.

In currency trading you can make money both, when the currencies go up or down.

The FOREX currency trading is a great way to work from home in your free time. You can trade any time you want, from Monday to Friday. But you must know that you can lose money in FOREX. So, getting the proper education and trading before doing any real trades is a must. Fortunately you can first practice on a demo account, until you get to the point that you win 70% of your trades. Nobody wins 100%. But you can be in profit even with 50% wins.

There are plenty of books and courses to learn currency trading, but be careful with all those $1000+ courses. Usually you can find courses with the same content for much less.




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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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“How To” Start Trading The Forex Market

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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
Amazing Filter
VINTAGE DESI
MYSTERY OF LIFE
FOR UR COMPUTER
VIRGINE DESI
ART OF LIFE
FASHION OF LIFE
DREAMY HEALTH
FEATURE TECHNOLOGY
PHOTOS WAR
SECRET OF EARN MONEY ONLINE

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“How To” Start Trading The Forex Market

How Currencies are quoted and what moves individual currencies?

ONE of the best advantages in FOREX Trading is

The amount of money you need to place a trade (known as "margin") is all that can be lost !

You have to know, that despite the super-high leverage offered by some Forex brokers up to (400:1); meaning if you put up $ 1000 the broker will allow you to trade like you really have $400.000).

Forex trading is still less riskier than Stock or Futures Trading, where you can loose more than you have deposited in your account.

This type of LEVERAGE does NOT EXIST in the equities or futures market

In the Equities or Futures markets, very often, sudden and dramatic moves occur, against which you can’t protect yourself, even by having placed your protective stops.

Your position may be liquidated at a loss, and you’ll be liable for any resulting deficit in the account.

But because of the FX market’s deep liquidity and 24-hour, continuous trading, dangerous trading gaps and limit moves are almost eliminated.

Orders are executed quickly, without slippage or partial fills. And finally, there are no margin calls. For your protection, the broker will automatically close out some or all of your open positions if your account equity falls below the level required to hold the positions.

Think of this as a final, automatic stop, always working on your behalf to prevent a debit balance.

Currencies are traded in dollar amounts called “ LOTS”

In Forex trading, with most Brokers, you have the choice between 2 different lot sizes.

Standard Lots or Mini Lots.

One Standard lot is equal to $100,000 in currency. The margin requirements, using a 400:1 Leverage, would be US$ 250, in other word you control $100,000 worth of currency for only 250 US dollars.

You mean, depositing $250 with a broker, I could trade 100,000$ worth of currency ???

NO, be aware, that your account size has to be more than the required margin of US 250. For example, if you place an order to buy 1 Standard lot ( @100,000) of USD/JPY and USD/JPY is quoted as 112.10/112.13, you buy USD/JPY at 112.13.

Your account balance would be $220, because you paid 3 pips or $ 30 for this trade.

If you would close this trade immediately, you have to sell it at 112.10 (the bid price) , for a loss of $ 30.

In fact you could not get executed on this trade, as the brokers trading platform would reject your order, for the reason of having insufficient funds in your account).

So, your account balance has to be minimum $280. $250 for margin and $30 for the trade.

BUT....IF, after you have initiated the trade to buy USD/JPY at 112.13, and the USD/JPY falls the next second 1 pip ( approx. $8), your position would be closed automatically, because of margin deficit.

I will explain later about having an adequate account size to trade the Forex Market.

Currencies are always traded in pairs in the FOREX. The pairs have a unique notation that expresses what currencies are being traded.

The symbol for a currency pair will always be in the form ABC/DEF. ABC/DEF is not a real currency pair, it is an example of a symbol for a currency pair. In this example ABC is the symbol for one countries currency and DEF is the symbol for another countries currency.

Some of the most common symbols used in Forex are:

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound or cable
JPY - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

There are symbols for other currencies as well, but these are the most commonly traded ones.

A currency can never be traded by itself. So you can not ever trade the USD by itself. You always need to BUY one currency and SELL another currency to make a trade possible.

Some of the most traded currency pairs are:

EUR/USD Euro against US Dollar

USD/JPY US Dollar against Japanese Yen

GBP/USD British Pound against US Dollar

USD/CAD US Dollar against Canadian Dollar

AUD/USD Australian Dollar against US Dollar

USD/CHF US Dollar against Swiss Franc

EUR/JPY Euro against Japanese Yen

The currency left of the / is called the base currency.

The currency right of the / is called the counter currency.

When you place an order to buy the EUR/USD, for instance, you are actually buying the EUR and selling the USD.

If you were to sell the pair, you would be selling the EUR and buying the USD. So if you buy or sell a currency PAIR, you are buying/selling the base currency.

The best way to remember is, by just thinking of the entire currency pair as one item.

If you buy it...you buy the first currency and sell the second currency. If you sell it...you sell the first currency and buy the second currency.

That means you would to be able to short-sell with no restrictions so you could make money when the market drops as well as when it rises.

The problem with traditional stock market or commodity trading is that the market has to go up for you to make money. With FOREX trading you can make money in all directions.



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COOL PHOTOS BANK
WORLD'S BEST DREAMY PHOTOS
NATURE OF GOD
WORLD'S BEST WILDLIFE PHOTOS
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