IAmHim1:
I believe you've asked this question before. Quite foggy


But I'll reiterate: YOU CANT BEAT ALGORITHM UNLESS you're trading a market you created yourself from scratch.
If there is none in that case, it's better you join them and understand how the smart money and the financial markets algorithm works

Check the links in my post up. I Wrote something about the financial markets algorithm, IPDA

IPDA - Inter Price Delivery Algorithms

AImoneyAdder:
50 BTC Needed By A Client of Ours in Lagos. Face To Face Transaction Needed ONLY.

Face To Face Transaction At The Seller's Bank.

Read Below For The MOU.



Send Us A DM if You Can Deliver Today.

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Good morning to Y'all..

We operate on a global level and we can help you receive any amount of money from any where in the world including Africa.

We got different accounts in the following countries and transactions is very swift;

SOUTH AMERICA :-

- Brazil
- Argentina
- Peru
- Colombia
- Chile
e.t.c

NORTH AMERICA:-

- Usa
- Canada
- Mexico
- Jamaica
- Haiti
e.t.c

EUROPE :-

- Uk
- Italy
- Spain
- Germany
- France
- Netherlands
- Denmark
- Belgium
- Sweden
- Norway
- Greece
- Poland
- Switzerland
e.t.c

ASIA :-

- China
- India
- UAE
- Malaysia
- South Korea
- Thailand
- Philippines
- Japan
e.t.c

AFRICA :-

- Egypt
- Nigeria
- South Africa
- Cameroun
- Ghana
- Senegal
- Algeria
- Morocco
e.t.c

AUSTRALIA :-

- Australia
- New Zealand






I can't list all the countries so you can enquire from us about the one you need.

We can also provide anonymous account whether Nigerian(local) or International for any amount of unsecured or unconfirmed funds for security purposes.


We are always active!!

Just reach out to us and send a message...


Support Desk: trennixglobal@consultant.com
Email: globaltrennix@gmail.com
Contact: 091_ 28 - 78 _18 - 09.
Whatsapp: (+234 91 2878 1809)

NikoDeBonAmi:
Please my wife and I have been married for 6 years without a child but Allah answered our prayers recently as my wife because pregnant and now she is about due to give birth there seem to be some little complications and the doctor said we have to undergo surgery for the baby and the mother to survive. Please i am a cross border transporter and I was hoping to have returned home before my wife's delivery but unfortunately I am being delayed in Mali and the doctor has said it's an emergency for them to carry out the operation within 24hours and we have to deposit N36,000 as soon as possible.

Please dear brothers and sisters if I start explaining everything it will be too long to read but I just need an urgent helper that can help us with this urgent deposit of N36,000 so that nothing will happen to my wife and our baby and i promise in the name of Allah that immediately I return back by next week i will pay back the money even if it means i will add a little something to show how much we appreciate your kindness to us please.
You can send the money to this account please- Idrissa Abdulahi access Bank account number 1765475654
If you are able to help us please you can post the receipt here so that it will be noted and everyone would also help me pray and thank you for your help and also for everyone to confirm I kept to my word by paying back immediately i return please

Were is proof of your pregnant wife and you in Mali?

Nairalanders won't be able to help you without any evidence because a lot of scammers have come with this kind of story before.

Anyways i wish you Goodluck!!

Thewillplaya12:
How do I receive money from Saudi Arabia to Nigeria. The person tried sending it to me used STC pay but it keeps on saying receive amount not within limits. Please what’s the best way to receive money from there.

You can receive any amount of money from any country into Nigeria, it just depends on how you go about it.

You can also choose between "Express" option for fastest transaction in minutes or few hours to handle it.

9. Pawnshops and Auctions

Yes pawnshops and auctions will sell watches with good prices but they almost never have paperwork for them. Selling watches without paperwork is hard and not good for your business. If you sell a watch to a private buyer without paperwork, you might be happy at first since you made really good profit but that private buyer will never buy from you again once they find out that their watch is worth jackshit without paperwork. Unless you're buying for personal use or personal collection stay away form pawnshops. Reputable auctions are good to buy watches but make sure they have paperwork for their watches



10. Fakes and Scammers

Yes this is the part where you will need to learn the most. Fakes are everywhere and the modern replicas are almost indistinguishable from genuine watches. You will need to learn a lot about watches before you can tell them apart. That's why dealing with reputable vendors is very important if you're just starting. Biggest tell is always the movement. Buy a jewelers loupe and study the movements of watches to learn how they work. Most fakes you can tell right away with a loupe. But the best replicas will fool most beginners, its very very important that you study watches for this reason. Now if the movement looks genuine and the build quality is proper and you still think it's replica you can send it to a watchmaker to have them open and check the movement out to see if it is built by the proper factory. You can also do that yourself if you learn how to do it, it's not too hard but will require a lot of practice. Now the easy way to not get scammed is to deal with reputable vendors and always make sure the paperwork checks out. Don't buy watches without paperwork unless you are 100% sure it's a genuine, and even then you will likely have a hard time selling it.



11. Last notes

This is the end of my guide, there's a lot that i didn't put here that you will have to learn on your own. Things that you need to know like how Muslims don't wear Gold watches or how to deal with aftermarket modified watches. I can't fit all of these thing into this guide so if you got inspired to start your own watch business make sure you take your time to study.


Thank you for reading this far i hope you learned something new here today.

5. Where to buy and Where to sell

The biggest and best market is of course online. There's no single market that you will use. You will have to use all of them to maximize profit margins always looking for good deals everywhere. You can limit to only online but you will miss out on some good deals. Depending on where you live of course. It's a fact that dealers will sell to other dealers at trade price. Also while you sell and buy you build relationships with private buyers and that's more valuable than money sometimes because those are your loyal customers and keeping them happy will pay you back. Buy because of the person or business not because of the price. You need contacts because those are potential buyers in future. It's also very advised that you buy from AD's to build good relations with them and you also minimize the risk of being scammed. You will always get lowballed so try sell in as many places as possible. I will list some of the best places to buy online.

Chrono24. Undoubtedly the biggest site there is. Usually the best place to buy and sell your watches. You will spend most of your time here. They use a third party to authenticate the watch in transit to protect both buyer and seller.

r/watchtrade. You will need to be careful and make sure you're dealing with real people but you can find some really good prices there. Remember to bargain the price down as best as you can.

watchuseek. You will also spend a lot of time here to observe the market. Really good place to sell and buy. Try to build a reputation there.

Crown & Caliber. Another good reputable site.

thewatchbox. Here you can also trade on top of buying and selling.

Ebay. Yes you read that correct. Despite the huge hate against Ebay it's still a good marketplace for finding really good deals. They have a lot of problems but you can get really lucky sometimes.

Facebook. You can find insane deals sometimes. Very highly recommend looking trough there every once in a while. Wouldn't try selling there.

Rolexforums for Rolex watches specifically.

Timezone Not the best marketplace in the modern day but it's worth it to look in there sometimes.



6. How to make money

Now contrary to popular belief, it's actually easier to sell a watch than it is to buy a watch at the right price. Selling the watch is the easiest part of the process. That's because the watch will sell itself at market price. So the way to make money is determined by how cheap you can buy the watch. You can't really control the market sell price but you can control the buy price. You have 2 options here. You can sell it back to the trade or you can sell to the end customer. Selling into trade is less profitable but it's a lot easier. I would recommend doing a mix of both just to keep the business going. You need to have consistent turnover. So instead of waiting 2 weeks to make extra $500 it's worth it to sell it a little cheaper, get the money back and reinvest into another watch and so on.



7. Consignment

Consignment deals are a way to sell watches without having to invest your own money into the trade. You're basically selling someone elses watch for a piece of the profits. This is good if you don't have funds to start buying your own watches and there's potentionally no cash risk. Now finding consignment deals is another story. You will need connections and you will need to approach people about it.


8. Setting up and registering your business

Registering a business is not necessary, you can independently sell and trade before doing it but once your business starts blowing up you have to do it. I also would hire an accountant to keep track of your taxes and books. You don't need a storefront or office to start your business. You just need a place to safely store your watches. Depending on where you live registering a business is actually not that hard. You might think it sounds like too much work but it's really not hard. Just read about how to register a business in your country and you will find out it's pretty easy stuff at the end of the day. Make sure you differentiate from other businesses, use social media to market your business. Make youtube videos make tiktok videos make facebook posts. Just market yourself and your business to stand out. You can also choose a niche category, you could focus on vintage watches or tourbillons or grand complications. Whatever will make you stand out from all the other watch businesses. If you don't do something different you will have to do better to reach that competitive advantage.

2. The Fundamentals of the Watch Trade

Selling and trading watches is really simple in the end of the day. You follow trends, there's no rulebook for this stuff. You will have to be constantly up to date on what's happening. You will need to know when to sell a specific piece and when not to sell. Watch market is always going up and down similarly to a stock market. Some watches will double in value in a month and others will go down the same. Good thing is that you can see these trends coming if you're active in the business. Always make sure you're getting a good deal for a watch. You need to buy low and sell high, just like the stock market. In the second hand market there's no universal price on watches which means every dealer has their own price. AP Royal Oak might be selling at $56.000 at your local dealer but another dealer next state will sell at $51.000 dollars. Make sure you don't buy unless you know you can flip it for higher.



3. Buying from Authorized Dealers (AD)

AD's will almost always have a fixed price. Building good relations with an AD is one of the most important things in the trade. To buy from AD's you will need a good portfolio and buying history. You can't just waltz off to one and buy a watch. To them selling a watch is like giving a gift. Having good relations with one will help you get watches at MSRP which means huge profits in some cases. Now important thing to know is that AD's will keep track of what watches they sold you and if they find out you're selling them they might stop selling to you. They don't like selling to resellers. To build good relations with them i would recommend regularly buying cheap models and flipping them off for no profit or even net loss. Also make sure you don't just limit to one dealer, build a relationship with multiple so you can maximize your profits.



4. How does the market work

Jewelers control the market, they buy all the hot watches at retail from AD's and pump the prices and sell for huge profits. They also limit margins by price fixing. Most of the business you will do is with Jewelers. If you can build good relationship with them you can buy stock at really cheap sometimes. Jewelers stick together and deal with each other, they're very organized. You might've heard of Diamond District (47th Street) before, it's where the biggest jewelers are all located at. If you live in New York you will have access to the biggest market in the trade. There's other hot spots too but Diamond District is easily the biggest one.

Starting your own watch business is in my opinion one of the easiest ways to reach financial freedom in the modern day. Not only is it fully legal but it also takes relatively little work compared to other businesses. And it might surprise you but you don't need much capita to start your business.


Lets begin;

1. Learning the brands

Most watch dealers have a passion for the trade, we love watches and everything about them. If you have an interest in watches it's gonna be very helpful but not necessary. First you're gonna have to learn about the brands. You probably already know the main watch brands out there but incase you don't i'll list some brands here.

Rolex. Their watches are some of the most well known watches in the world and that's for a reason. They have the biggest demand in the trade with waiting lists of nearly 15 years for some models. Will never sell under retail.

Patek Philippe. Known for high-end complications and very complex machinery, they're very sought after by high-end collectors. Holds value good. Models only increase in price, rarely sell at retail.

Audemars Piguet. Known for high-end complications and innovatory designs. Very popular among collectors. Holds value good. Models only increase in price, rarely sell at retail.

Jaeger-LeCoultre. Known for the unique designs and decorations, very well respected among collectors. Professional tip, learn how to pronounce the name before ever trying to sell one. Some models hold value others don't.

Omega. Very good entry level watches, easy to sell. Low demand. You can find most models under retail.

Breitling. Another good entry level watch brand. Popular among Aviators. Low demand. You can find most models under retail.

Panerai. Good mid level watch brand. Fairly easy to sell. Medium demand. You can find most models under retail.

IWC. Another mid level watch brand. Pretty hard to sell. Popular among Aviators. Low demand. You can find most models under retail.

Cartier. Low tier watches. Doesn't hold price at all. You can find watches selling at 5% of the retail price.

Gucci. Low tier watches. Doesn't hold price at all. I would stay away unless you know what you're doing and you're getting a good price. Easy to sell to non-watch people.

Hublot. Known for ridiculous designs and worst prices. Some watches will retail at $100.000 but sell for $5.000 in second hand. They have good models that go up in value also. Stay away unless you know what you're doing.

Tissot. Very good watches, probably the best cheap watches there are. Easy to sell. Very cheap prices. Low demand.

Vacheron Constantin. One of my personal favorites. Popular among collectors but pretty hard to sell.

IamDora:


Yes

Exactly my thoughts. Its nice meeting a fellow lady united fan though I'm hardcore united but not insensible like most fans.

The case of Chelsea fans and United fans is people who are jealous and insecured of the other people cos they are above, bigger and better than them while we don't give a damn cos we continue being higher than them despite the hate so i don't argue with any Chelsea fan.


Besides, get ready cos they will come for you on this thread or maybe they already did.

IamDora:
Chelsea and Man-utd are never rivals, no.. Chelsea fans are the ones who love to rival man-u and try so hard to make it look like they and united are on the same level

I wanted to like this comment of yours a hundred times but i couldn't.

BTW i wanted to ask, are you a Man Utd fan?

Hmmm

bluefilm:
Are you serious?

Maguire saving my ticket once more!

Yeah, you can check.

BigCEO:
Sheffield United has scored.

Man Utd - 0
Sheffield United - 1

Man Utd has equalised. Score is 1 - 1

Goal by H.Maguire

VinnyBaba:

Man Utd 0 Sheffield Utd 2.

This I have seen.

Ur clean sheet has been cancelled cos Sheffield United has scored man utd.

Sheffield United has scored.

Man Utd - 0
Sheffield United - 1