₦airaland Forum

Stephen0mozzy:
Teach what you know
Find Virtual Assistant gigs

Very feasible. Got any platforms where this is possible?

Hello, I am trying to come up with a side hustle that enables one to earn between N50,000 to N150,000 monthly.

The person that needs the side hustle has the below competence:

- Skill in Python programming
- Crypto knowledge
- Some copywriting skills
- Good research skills

Please help with suggestions that are both reasonable and feasible.

Thanks

Na WA ooo, 27% and the loan apps will allegedly charge customers interest of up to 25% for a month

The report would have had more onions if the cities were indicated. Cause truth be told, and I'm saying it without all sense of compassion, where I live in Nigeria has no indication or any inkling of insecurity.

I know, I may be counted lucky by many, but having cities up there in the list would make it carry more weight, especially those who travel frequently

I may be speaking out of ignorance but I do know that application of systems thinking to this problem will go a long way to mitigating it's collective impact on the people.

One suggestion is use of mass media to promote unity in diversity and love for the nation.

No one likes to see his home burned down, no matter how much they detest those in governance.

There's a simple thought that I believe in so much, "A marriage will always succeed if the couples commit to making it successful".

Nigeria will prevail if we all commit to making it overcome it's present predicament

A stark reminder that with power comes responsibility. I saw some of the purported tweets by the gentleman and if truly he created those messages, no individual or institution would like to have any association with the originator.

That said, they should clarify issues to ensure due process was properly followed because it would be out of place for the tech company to purportedly sack of one of its founders the way the issue is going

Yes, there's a time and place for prayer and fasting, and there's a time and place for action.

The call for prayer and fasting at a time like this is an orchestrated attempt to hoodwink Nigerians into absolving those who govern from their primary responsibility of safeguarding lives and properties.

Except King Saul of the Bible, who fasts during wartime?

Ronaldo I know, Messi I know, but who is Mfon Bassey.

Just having fun, Mfon Bassey was a household name in the football circles back in the days.

I pray that God would console every member of his family and grant them the opportunity to impact others through their trade and vocation just as Mfon did.

Rest in Peace, Mfon Bassey

Very commendable feat by the young man.

We can all choose to dwell on the positive and build on our strengths as a nation.

I believe Nigeria is one of the greatest nations in the world if we all choose to make it so.

Congrats to the NIGERIAN man.

The Bible says if one member of the body is honoured, then the whole body is honoured.

Thank you for making Nigeria proud

Trump pardon an indication of positive things ahead for the crypto space.

It shows his forwardness and a desire to embrace technology, which I believe other leaders can learn from

Investors are like ants attracted by sugar. You do not need to go searching for them.

Putting the right things in place is the best way to attract them to your country

So young, with so much potential. May we all live to our fullest potential and impact

Men have to learn to exercise caution when it comes to dealing with the opposite gender.

I recall the story of the biblical Joseph. Someone said that it is in Egyptian record that Joseph assaulted his principal's wife, even though there was no proof.

The morale of the story - Flee from every appearance of evil

There are those who's mission is to torment those sitting close to them.

They always want you to shift for them even when you're sitting at the very edge of the sit

Crypto Fear and Greed Tracker Explained

Imagine you and your friends are trading toys. Sometimes, everyone gets really excited and wants to buy as many toys as possible because they think the toys will become more valuable in the future. This is called greed. Other times, everyone gets scared and wants to sell their toys because they think the toys might lose value. This is called fear.

The Crypto Fear and Greed Tracker is like a special tool that measures how excited or scared people are about trading cryptocurrencies (like Bitcoin or Ethereum). It gives a score from 0 to 100:

- 0-25: This means people are very scared. They might be selling a lot of crypto because they think prices will go down.

- 26-50: This means people are a little nervous but not too scared. They might be cautious about buying or selling.

- 51-75: This means people are feeling confident and excited. They might be buying more crypto because they think prices will go up.

- 76-100: This means people are very greedy. They might be buying a lot of crypto, thinking prices will keep rising.

How does it work?

The tracker looks at different things to figure out if people are scared or greedy. For example:

1. Prices: If crypto prices are going up really fast, it might mean people are greedy.

2. Trading Volume: If lots of people are buying or selling, it shows how active the market is.

3. Social Media: It checks if people are talking positively or negatively about crypto online.

4. Market Trends: It looks at how the market has been behaving recently.

Why is it useful?

The tracker helps people understand the mood of the market. If everyone is too greedy, it might mean prices are too high and could drop soon. If everyone is too scared, it might mean prices are low and could go up soon. It’s like a warning sign or a hint about what might happen next.

So, in simple terms, the Crypto Fear and Greed Tracker is like a mood ring for the crypto market—it tells you if people are feeling scared, excited, or somewhere in between!

Join our Telegram channel to enjoy 7 days free trial of our crypto trading signals and daily fear greed tracker index updates to get a sense of the crypto market direction.

Check my signature for Telegram channel link

DarlingtonC:
Please guys, how can I make this happen.

I need practical suggestions please.

The reality is that whatever choice you decide on, you have to factor risk. Simply because high returns and high risks go hand in hand.

Since I'm into crypto, I could advise that you look into crypto trading, but there's a caveat - do not invest with or trade with funds that you cannot afford to use.

Talking about risks, if you have an opportunity that presents low risk with high returns, you could achieve your desired goal.

One area of trading that could help reduce your risk is using copy trading/ social trading platforms. Where people allocate funds to you adding them to your trading capital. This way, even if you make 3 - 5% profits monthly, the money will add up.

Mistake #7 - When You Expose Yourself To Excessive Risks Through Leverage

We spoke briefly about using high leverage in order to maximize your profits.

The thing is that leverage doesn't only maximize your profits, but it maximizes your losses. And it can make your journey towards capital loss a lot faster.

Conclusion

Hope you have been able to gain valuable insights into why unprofitable traders persist and different ways to live at the other side of the road.

Remember, trading financial markets is a high risk endeavor and ensure to seek financial advice from professionals.

The contents contained in this article should not be taken as financial advice as this is for educational purposes.

Mistake #6 - When You Replace Plain ‘Ol Research With Experts Tips and Advices

You will find trading experts everywhere you can think of - in drinking bars, clubs, online forums, social media platforms, and even in social gatherings.

And these experts are willing to bet on their lives that there expert tips and advices are valuable.

What you should know is that nothing takes the place of doing your own research. If you must listen to expert advice, ensure to do your own research to enable you make sound trading and investment decisions.

Follow the age old advice, “Do Your Own Research”.

Mistake #5 - When You Let Your Emotions Get The Better of You

Humans are rational beings who are guided by reason in their decision making processes.

However, when it comes to making financial decisions, humans usually let their emotions rule.

The same thing applies to traders. Markets move mainly in response to two human emotions - fear and greed.

Fear drives market prices lower (bearish markets) while greed drive prices higher (bullish markets).

If you want to earn sustainable profits from the markets, you've got to prevent these twin emotions from guiding your trading decisions.

The best way to achieve this is the use of a trading system or strategy. A trading system could comprise of a set of guidelines that you have written down and you follow these guidelines or rules when placing a trade.

These rules enable you to follow your plan, irrespective of how you feel. Once the current market conditions aligns with your trade plan, you simply take the trade, without minding how you feel about the trade.

I'll tell you what. The trades you take with the trading system might produce losses or gains, but the sure thing is that you will be profitable in the long run.

Another helpful way to avoid emotions in trading is using an algorithmic trading system, where markets are analyzed by trading algorithms and trades are placed when certain market conditions are met

The advantages of using algorithmic trading system is the elimination of emotions in making trading decisions, the use of computer programs to set, manage and exit trades for you, and the fact that it automates your trading activities. Giving you the opportunity to focus on other productive activities.

Mistake #4 - When You Trade Without Managing Risks Properly

In trading, you will have up days and down days. Sometimes, these days can be so extreme that you have massive profits or massive losses.

And that's the way the markets are. Remember, you cannot predict the good days or bad days.

But, you can manage these days of extreme highs and lows by managing risks effectively.

If make enough mistakes in the markets, you will run out of trading capital.

So the safe thing to do is ensure your capital is preserved so you can also remain in the market.

Some tips to help you manage risks include:

1. Reduce exposure of your capital to between 2% - 3%. There's actually no fixed figure for risk exposure, but keep it safe so that consecutive losses do not wipe out your capital. By using the above risk exposure, you risk losing only 2% or 3% of your trading capital if the trade goes against your position. Use a stop loss of 2 - 3% of capital.

2. Have a set risk reward for every trade. Let's say you have a risk reward ratio of 1:2, it means every winning trade will fetch you twice as much as your losing trade. Let's do a little arithmetic, if you have a risk reward ratio of 1:2 and you make 1000 trades within a given period. Let's also assume that you have 500 winning trades and 500 losing trades. It means every winning trade earns you two times as much as what losing trades cost you. By the law of averages, your trades will be profitable in the long run.

3. Limit the use of leverage for trading. The use of leverage enabled you to trade with larger amounts that you have in your account. If you have $100 in your trading account, and you use a leverage of 10x your trading balance becomes $1,000. If you take trades with this leverage and you make 5% profits, total profits on your capital would be $50 which is 50% profit of your original capital. However, leverage is a double-edge sword because a 5% loss means that you lose 50% of your original capital. So, avoid leverage as much as possible, and if you must use it, use the lowest leverage possible.

4. Avoid excessive trading. Excessive trading, especially those that scalp, only serves to increase your trading fees, which profits the brokers or trading exchanges. And even if you rake in profits, the trading fees will add up, eventually eating into your profits.

Mistake #3 - When You Trade Without An Edge

An Edge is an advantage that you enjoy in your trading business.

That advantage could be superior data analysis, the use of a proprietary trading system, could be unique insights that you and your trading team enjoy.

The harsh reality is that without a clear edge, you can never be profitable in crypto trading over the long run.

For you to make profit from trading, someone has to pay for it. And statistically speaking, the bulk of traders who lose money are usually retail traders, that's those traders who trade low capital accounts through brokers or exchanges.

Beating the markets consistently requires that you possess that something extra that puts you ahead of the market. If you do not have an edge, it means you're part of the market.

An Edge could be built into a strategy, or an algorithmic trading system.

Whatever works for you, but ensure you have a winning edge before going into any trades.

Mistake #2 - When You Try To Time The Markets

This mistake shares a lot of similarities with the first, but it's in no way the same.

If you consume information from so called expert traders who bombard you with different charts that have the ‘Suppprt’ and ‘Resistance’ levels marked.

You'll hear statements such as, ‘you should place your buy trade at this support level’, or ‘the resistant level gives you a good sell signal because it tells you when the market is overbought’

Isn't it amazing that these expert advices are given after the events have taken place? There's no one who's available in real time to tell you to place your buys at the lowest low and sell at the highest high, simply because no one can time the market.

The random walk of Wall Street is a concept made popular by some established traders with many decades of trading experience.

And these traders tell you that market prices are so random that you cannot predict future price actions by looking at previous price behavior.

Neither can you time the market because previous Support and Resistance price levels cannot determine future Support and Resistance price levels.

Mistake #1 - When You Try To Predict The Markets

I am an avid reader and researcher, getting as many study materials as possible and intimating myself with all the necessary facts before jumping into any endeavors.

I took this same approach into the world of online trading, particularly forex, at the time.

One of the top forex pro books I read was Forex Market Wizards. The book featured a collection of top performing traders who have excelled in the world of online trading.

And the first thing I immediately noticed was the fact that they all saw the markets differently. Some said whenever they looked at the markets, they saw rhythms, and some said they saw the markets as musical notes, having highs and lows.

One particular person of interest I came across was George Soros

Remember him?

He's the man acclaimed for breaking the Bank of England, netting about £1 billion in the process.

George Soros talked about a concept he referred to as reflexity, whatever that meant.

In his account of the big £1 billion heist, he kind of predicted that the British Pound was in a dangerous place and could fall in value in a short time. His prediction eventually proved true.

The above statement can be quite misleading because in reality, no living being can predict the markets accurately. The best any trader could do is to make an educated guess, which most often turns out to be wrong.

Have you ever noticed that those who try to predict the market end up giving you 2 options - if prices go this way, it is a buy and if goes the other way, it is a sell.

Let me repeat my message one more time, NO ONE CAN ACCURATELY PREDICT THE MARKETS. Not even algorithms, AI or wizard.

So, you're safer knowing that the markets can never be predicted no matter how many years experience the person claims to have.

If you have ever traded in the past, or you are currently actively trading any of the online financial markets, I'm almost certain that you have lost a sizable amount of your capital due to unprofitable trading practices.

One of the most discouraging trading stats I have come across in my two decade old trading experience is that “95% of traders lose money while trading forex”.

Each time I see this stat, I always want to ask the writer, “how did you arrive at this figure?”

But this has become so prevalent that it might be impossible to trace the stat back to its originator.

But the truth remains that virtually all traders have lost, are losing, and will continue to lose their money trading the financial markets. And it doesn't matter which market cause you may be trading in forex, cryptocurrency, commodities, stocks, or bonds.

I'll be telling you about a different set of traders - those who are actually able to bounce back from the streak of unprofitable trading to become profitable traders.

So, let's start by looking at the avoidable trading mistakes that many are making, even up to this point.

Decided to create this thread as a valuable resource for anyone with interest in Blockchain technology and related topics. 

Whether you're new to the industry, or maybe you are working on a Blockchain project or you already have one running, you will find the contents of this thread very helpful. 

I'll be sharing most of what I've learned about the blockchain industry for the past 6 years. 

My goal is to assist as many people as possible that are interested in building careers and acquiring relevant knowledge and skills in this space.

Palantir:
I haven't seen you on this thread since the last time the earth was flat!

Hope you are good?

Very very good, thank you

Palantir:
I started with this advice about 3 years back. All those fees from touts are stuff you tend to learn on the job. The figures he gave are obviously no longer valid today but it was a good starting point.

I've learnt so much over the years that I have decided to write an ebook to help anyone who wants to get into this.

And yes, I will sell the book when it's ready. If you're good at something, don't do it for free.

But as is the case of those who contact me for advice, I will still give like I've been doing so far.

Congratulations

SavageResponse:
What about the fees you need to the various local government touts that litter the roads and pester dispatch riders for money?

Have you factored it in?

Guess that responsibility falls on the would-be logistics provider.

I'm sure each state have their own fees structure.

If you can find out the fees in your location please share for all.

Timely information. Thank you OP.

#following

PROFIT FROM GOSHENCOIN

People have asked me a lot of times, "how do you make money from goshencoin"?

My reply has always being very simple, "buy, invest, and profit from it"

Buy

Owning some units of GoshenCoin is just like owning shares in a company. It automatically makes you a part owner of the company, and as the value of the company appreciates, so also does the shares you own appreciate.

There are those who bought GoshenCoin when it was very new, at the price of N0.10 (10 kobo), and now that it sells for N1.50 they have seen their holdings increase in value. 100,000 GXP bought with N10,000 then, is actually worth N150,000 right now. So the first step in profiting from GoshenCoin is buying as much as you can conveniently buy right now.

Invest

A lot of people think that investing is all about buying an asset and waiting for it to grow. There is much more to investing. A successful investor spends time, energy, resources in a project, with the expectation of yielding profits, interests, rents in the future.

To be an investor in GoshenCoin, you may have to join the GoshenCoin ecosystem. Learn as much as you can about cryptocurrency and the blockchain technology. This trend is changing the way transactions are done globally, and to profit from this you have to position yourself and your business rightly. You may also have to set up businesses and projects that will run on GoshenCoin. This way, you will continually remain relevant in this new technology now and in the future.

Profit

After you have gone through the 2 steps above, profit automatically comes. Your profitability depends on how much you buy and invest in this dynamic system. GoshenCoin is an Asset Class, and based on it's deflationary features, will continually appreciate in value as more people become a part of it.

The best time to start is now. You can join our Telegram group or follow us on twitter, Facebook @goshencoin

Blockchain designed the ease online businesses. The payment wallet & gateway for woocommerce (WordPress) is ready, and can be deployed on any online store running on that platform.

You can easily accept payment for services, virtual products, and physical products on your store. Using GXP.

Your buyers can come from anywhere in the world, and what's more, you don't need to request for their personal information before they can pay on your store

Cashrange660:
What e-wallet will one need to be able to store the goshencoin?

Of course very secure and easy to use. There is a Windows wallet which can be downloaded on the GoshenCoin github repository.

Safe also, and you don't have any issues even when offline