₦airaland Forum

generaljosh:
@Abbeyforex, kindly post d lists of fast moving goods here for we d newbies

Will soon do that.

Sabrwahaqqo:
Did you care to actually read between my lines and really understand what I meant by what I said? .... Let me help you, When I said it's no news, I meant you should have seen this coming. Refer to July 29 publication to see what I mean.

This is what you wrote and I put the keywords in red:

This is a very old news....near a month, if not more old actually.

Question: Are you referring to July 29 publication which is just 13days old as NEAR A MONTH?
Clarity purpose:The publication was all about forecast and speculation which was on a probability ratio of 50/50,we call it rumour. In FX,we dont trade rumour neither forecast,we trade actual event which was just confirmed some hours ago. No one can tell what will happen in the next 5minutes,thats why we dont trade rumour or forecast. We consider the past,relate it with the present to determine what is LIKELY to happen in the future.

#Lip Sealed#

989900:
1. Has the Renminbi depriciated almost 100% as the Naira in the past 7years?

2. Do we have a multi trillion dollar export economy like China?

Hell, we don't even have stable power supply, access to loans, infrastructure, anything resembling an enabling environment -- we can't even refine our own fuel -- we spend trillion of Naira importing refined products and you think devaluing like China will work for Nigeria?

I did not make all this point you listed above. Check well,I only updated the latest information about the PBOC and its effect on RMB.I repeat check well.

Sabrwahaqqo:
This is a very old news....near a month, if not more old actually.... Nvm my outburst anyway, cos yo motive for bringing it up is not unokay anyway.... And yh, hard times are near with this new measures the Chinese govt are embracing....

Make your findings very well bro,am an informed forex trader,this happened 7hours ago and I traded USDCNH. I repeat make your findings very well and get yourself updated. Price moved from 6.2136 to as high as 6.3728 within 5 hours. And I repeat,make your findings

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.

Updated Aug. 11, 2015 7:10 a.m. Nigerian Time

BEIJING—China’s central bank(PBOC) devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.

Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.

China’s yuan(RMB) has been on an upward track for a decade, during which the country’s economy grew to be the second largest in the world and the currency gained importance globally. The devaluation Tuesday was the most significant downward adjustment to the yuan since 1994, when as part of a break from Communist state planning, Beijing let the currency fall by one-third.

Effect to we Importers :

As a currency becomes cheaper versus other currencies, it becomes more attractive for investors to buy it because they can often take a long (wait for the price to increase) position and make money that way. It also gives more incentive for investors/creditors to invest in large projects that are happening within an economy. Products that are created in a china become more attractive because of their price. Products now become lesser if one takes solely relative purchasing power into account.

One historical example of keeping a currency artificially cheap is China keeping the Renminbi cheap and pegged to the dollar. They wanted consumers/companies from abroad to buy their products so their businesses could continue to grow. This is one reason why China saw a booming economy in export industry. Many Western companies chose to have their products sourced from China because they knew they would get a good exchange rate, thus making the product cheaper. By keeping the Renminbi cheap, China was able to promote trade and begin to help their struggling economy. They have only recently begun to take away some of their instruments that artificially keep the prices low.


This is part of what makes the kind of training we give different from all others because we incorporate economic factors into our IMPORTATION BUSINESS.



PS: Is your Plan'B' in place yet? If not,we will teach you how to have one because our concern is all about PEACEFUL WEALTH.

Carmal90:
Do u know this man? Av been following him and i have most of his store name on jumia,konga etc..this guy is real, he teaches what he practices.. Am only curious abt him doing anoda live training..
It may be good idea if the said training is absolutely free@abbeyforex

@Carmal90
Forex is my main business but Importation is just a PLAN B,and there are some people that do come to my office for consultation but after all said ,they ask if they can do something else apart from Forex then my response has always been BECOME AN IMPORTER. Majority of this clients prefer practical training than referring them to a link to study about importation hence the seminar but I want to assure every of my followers that they will have a free ticket whenever am in their town for such LIVE TRAINING. Though I like money so much but its all about PEACEFUL WEALTH after all its the love of money that is the root of all evil not the likeness of money. #lol#

Royal155:
Obviously I know where you are going with all these. Yes, you might have an idea of how this importation business works because you've read very well about it, but people like you have never imported a pin online before. You are just after what you will gain from your "live training". But don't worry, i have seen your types before, so i wish you luck ok!

I know it's my fault because i posted this on you thread and i apologise. Try and practicalise what you teach, ok. It is when you've successfully imported and sold all, then you can teach with first hand information. I've been in this game for long ever before registering on nairaland.

D

As earlier said , I didn't mean to to hurt you or your feelings but the truth must be told. Why will you ask newbies to buy from you as a Nigerian seller when they can be like you importing themselves. For better clarification about my profile,check my store on Kaymu/Abbeyforex,JUMIA/MAS BUSINESS ARCADE,Konga/MAS business arcade.. If you truly know the gimmick,why must you find it difficult to sell just 35pcs of power bank. You called just 35pcs LOTS OR WHOLESALE? I sold power banks about 18 months ago when the demand was very high ,we've moved to new products that sell like pure water. You came late into power bank selling now you want to push it to people. if you must sell power banks,brace up for Solar banks with higher MAH not the OLD school 5200 MAH,who will buy that from you,my 2 years old boy even know its outdated and he cannot even use it. PM me so I give u the list of products that sells fast at the moment and from which you tend to make nothing less than 400%.Read my words,I said 400%ROI because all I am committed to do is to put you through how to make PEACEFUL WEALTH

valarinz:
Did u notice the numbers that ended the phone number you attached is "419", hmmm

Yes I noticed it sir ,I still chat with him yesterday but as earlier said I am not his agent neither staff. Do your diligent findings . I have stopped dealing with him for long.

Carmal90:
I have a question for u, want to buy frm aliexpress bt dont want to use their shipping method, want to use either of noniking or choice xp, pls how can i go abt it sir...tanks in anticipation hapi new week

Tell the supplier that you have a logistic company in China and you will want him to ship to the agent. Simple,he will just request for the agent's contact and he will ship to your agent after they must have contacted each other. Ask your supplier to take the photograph of the goods after its been packed showing the total weight of the parcel in KG. After your shipping agent must have got the parcel,tell him also to get take the photograph and verify the KG before it is sent to Nigeria. This is necessary but not compulsory. Some agents (not all) in Nigeria will increase the weight(KG) of your parcel when it finally arrive in Nigeria if you don't have these details.

Product Portals
Below are the trusted websites where you can buy or order your products, without fear or hitches.A lot of research was done to make sure that we provide you with up to date information as at the time of this write-up. We are not affiliate or partner of any kind to the recommended website, we have tried and tested them and they conducted an open and legit business with us. However, do your own research before dealing with them.
They are:
www.aliexpress.com
www.dhgate.com
www.ipmart.com
www.ebay.com
www.dx.com
www.amazon.com
www.mobilekarma.com
www.alibaba.com

Here is a list of some other classifieds website in China:

1. www.chinapost.com

2. www.classifiedicon.com

3. www.dict.cn

4. www.echinacities.com

5. www.classifiedinchina.com

6. www.locanto.cn

7. www.adlandpro.com

8. www.enjoyshanghai.com

9. www.china.global-free-classified-ads.com

10.www.craiglist.co.cn

11.www.taobao.com

12.www.tmall.com

13.www.1688.com

14.www.dangdang.com

Import Hot-Selling, High-Profit Products and Buy original products directly from manufacturers at rock-bottom factory wholesale prices and Raise the Buying Power of your Capital to 400% by joining the exclusive "Buyers Forum!”

"Share the risk, enhance your chances of success in the importation business, pick winning and profitable products to import, do business with like minds, Harness the power of bulk purchase with your little capital investment"


Live training is the best means of learning. If you have an opportunity of attending a live training, go all out for it... especially if it's being hosted by a Reputable Tutor. My live training session is coming soon.

There is also a private merchant that offers most of the above mentioned product in new form at damn cheap prices. His websites are also listed below:
www.wholesalechinacommodity.com
www.commidities.net
www.mobileaccesories.net
Below is the contact of the manager:
Mr. Lee (Sales Manager)
Leewinstar@gmail.com (His Business mail)
#0086-13480611419 (Call him anytime, or message him on whatsapp)

But do your diligent findings,I have stopped dealing with him when I discovered my own technique of doing this importation business profitably.




PS: Is your Plan'B' in place yet? If not,we will teach you how to have one because our concern is all about PEACEFUL WEALTH.

Adedayo13:
How much do I need to start this business? Please give full details about this business.

You capital depends on what you have in your purse,what matters most is selection of products to import because it is not about importing products you want to sell to people but importing products that people are willing to buy from you. Therefore you need to learn how to identify products that people are willing to buy(identifying products that sells fast).

PS: Is your Plan'B' in place yet? If not,we will teach you how to have one because our concern is all about PEACEFUL WEALTH.