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I met an old friend over the weekend and we discussed how FX market works. He's been trading FX for the past years and I can boldy say that he is raking in consistent cash.

Having traded FX and got my hands burn't I asked him few questions on how one could be a successful trader.

To my ultimate surprise, he broke it down to the simplest secret and told me how he trades like Banks. He even went further to show me some of the trades he executed recently. I was waoed!!! like seriously, 2k, 3.3k and 4k dollars in just two weeks from just 3 trades.

I got to learn and understand that successful traders don't spend 24hours on the system.

Today, I did a search on Google to learn how banks trade FX and I landed on this article which is completely in Sync with what He shared with me.

Here it is:

Singapore is one of the Forex trading hot spots on the planet. I live in Chicago in the USA but also spend time in Singapore. When I am with Singapore traders, I notice some of them are trying to make so many different strategies work in the Forex market yet none are achieving the success they are in search of. They don’t realize the key factor in trading is proper market timing: the ability to identify market turning points in advance, before they happen. It is also the ability to identify where market prices are going to go, before they go there. The main reason you would want to know how to time the market’s turning points in advance is to attain the lowest risk, highest reward, and highest probability entry into a position in the market. Think about it, by entering as close to the turn in price as possible, you enjoy three key factors:
1) Low Risk: Entering at or close to the turn in price means you are entering a position in the market very close to your protective stop. This allows for maximum position size while not risking more than you are willing to lose. The further you enter the market away from the turn in price, the more you will have to reduce position size to keep risk in line.

2) High Reward (profit margin): Similar to number one above, the closer your entry is to the turn in price, the greater your profit margin. The further you enter into the market from the turn in price, the more you are reducing your profit.

3) High Probability: Proper market timing means knowing where banks and institutions are buying and selling in a market. When you are buying where the major buy orders are in a market, that means you are buying from someone who is selling where the major buy orders are in the market and that is a very novice mistake. When you trade with a novice, the odds of success are stacked in your favor.

So how do we time the market’s turning points in advance? It all begins and ends with understanding how to properly quantify real bank and institution supply and demand in any and all markets. Once you can do that, you are able to identify where supply and demand is most out of balance and this is where price turns. Once price changes direction, where will it move to? Price moves to and from the significant buy (demand) and sell (supply) orders in a market. So, again, once you know how to quantify and identify real supply and demand in a market, you can time the market’s turning points in advance, with a very high degree of accuracy.

To better understand how to do this, let’s take a look at a recent trading opportunity that was identified in our online graduate trading program, the Extended Learning Track (XLT) on March 25th. The XLT is a two hour live trading session with our students three to four times a week. During the session shown below, we identified an area of Demand in the EURO (highlighted in red) / 1.31975 – 1.32065. You can also see that Demand zone on the chart, the two lines creating a “buy zone”, allowing us to apply our simple rules for entering a position. This was an area of Bank/Institution Demand for a few reasons. First, notice the strong rally in price from the origin of that rally (the Demand level). Also, notice that price rallies a significant distance before beginning to decline back to the Demand level. These two factors tell us that Demand greatly exceeds Supply at this level. The fact that price rallies a significant distance from that level before returning back to the level clearly shows us what our initial profit margin (profit zone) is.

These are two of a few “Odds Enhancers” we teach in our graduate program. They help us quantify the bank and institution Supply and Demand in a market which is the key to knowing where the significant buy and sell orders are in a market. The plan with this trade was to buy if and when price declined back to that area of Demand. This trade was high probability but how do we know that? Well, being very confident that there is significant Demand at that level, this tells us that we will be buying from a seller who is selling at a price level where Demand exceeds Supply. Selling after a decline in price and at a price level where Demand exceeds Supply is the most novice move a trader can take. These are “retail” sellers selling where “banks and institutions” are buying. The retail sellers are selling with the odds stacked against them which means they are stacked in the buyer’s favor like our XLT members in this trade.

As you can see below, what happens next is price declines down to our predetermined Demand level where Banks and XLT members buy from sellers who are selling at extreme “wholesale” (Demand) prices. They are selling after that big decline in price and into that price level where Demand exceeds Supply.

https://mediaserver.fxstreet.com/Reports/54a5d70c-d1a2-46ed-baeb-39277c829542/LessonsFromThePros2_20120417135111.jpg

Notice that price “declined” (down trend) to our demand level where we were willing buyers. Every trading book would say we are breaking the most important rules in trading by buying under those circumstances. Well, how many people do you know who read trading books that make a consistent low risk living year after year trading? I would be surprised if you knew one so be careful with what you read. The trading book version is conventional thinking which has you buying high and selling low so be careful. Don’t take my word for it however, read a trading book and ask yourself if how that book is teaching you to buy and sell in markets is the same as how you make money buying and selling anything in life. If there is any difference, good luck trying to profit from the information. Like anything in life, there is the book version way of learning to do something and the real world way. All we are doing at Online Trading Academy is simply sharing real world trading with you. We are not trying to reinvent the wheel. How you make money buying and selling anything in life is exactly how you make money buying and selling in markets. I learned reality based trading during my years on the trading floor of the Chicago Mercantile Exchange.

Shortly after reaching our demand level, offering XLT members a low risk buying opportunity in the XLT, price rallied and met the profit targets. This is market timing and while it does not guarantee that each trade will be a profitable trade, it does offer the lowest risk entry, highest reward with that entry, and highest probability of success. How high your winning percentage is with the strategy depends on your ability to identify key bank and institution supply and demand levels like we do at Online Trading Academy.

I sometimes hear people say “I don’t want to try to pick market tops and bottoms, I am only trying to catch the middle of the move.” They are trend followers and say that as if doing that is somehow easier. If price is already moving higher for example and you want to buy, where do you enter, where is your protective stop, what is your risk / reward and so on… I would argue that catching the middle of a move and making a consistent low risk living is harder than proper market timing. I am not suggesting the trend is not important. I just want our students to be in the market well before the trend is underway. The longer we wait to enter, the greater the risk and lower the reward. Another thing I hear people say so often is this: “I wish I knew where the Banks and Institutions were buying and selling.” Every time I hear this I say: “You can see where they are buying and selling, if you know what to look for on a price chart.” It all comes down to supply and demand, just like buying and selling anything else in life.

Source: http://www.fxstreet.com/education/trading-strategies/lessons-from-the-pros/2012/04/17/


Feel free to share, Lets discuss this as I hope I give the market a try (with 100 Dollars)

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Price of Android Phones In Kenya - Buy Latest Samsung HTC Tecno BlackBerry Lumia Huawei LG Apple Sony Xperia Infinix Android Smartphones Online - Specification On Jumia

Are you based in Kenya and are looking for quality smartphones to buy? This guide will help you find all latest phone brands in Kenya and their price offers.



Some of these smartphones come in varying display screen size, runs Android or MS Windows OS, powered by Intel's core processor, smooth memory performance and clear camera pixels with long lasting battery life.

As at when I run a search at a top online store in Kenya, here are some of the best devices available.

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@Udoh2k, I want to venture into App development - you advice is quite useful.

Sony Xperia Z5 Price In Nigeria - Buy Latest Sony Xperia Z5 Android Smartphones Online - Specification And Reviews On Jumia Konga - Z5 Compact Premium

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Sometimes ago, I shared a leaked information of Xperia X5 device with brief built-in specs.

Sony mobile is expected to launch a new Xperia Z5 which is designed to come in three (3) series - Xperia Z5, Z5 Compact and Z5 Premium.

From what we gathered online about this flagship device, here are brief facts you should know:

Click Here: http://www.browsingphones.com/sony-xperia-z5-price-in-nigeria-specs-jumia-konga-2/

@gimakon, where the best place to learn C

I am seeing diverse opinion, someone should tell me the easiest place to start from.....I have zero skill in programming!

@stconvict, what's your advice? is java OK?

Someone adviced me to learn OOP before JAVA....what do you think?

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I have B.Sc Accounting with excellent skill in deploying Accounting Software - having implemented for SMEs in financial services, retail and production, real estate and almost all the major sectors in Nigeria.

I runs two profitable word press blogs which I built my self and makes more than my 5 figure salary here in Nigeria

I am beginning to have strong passion for application development as one of the wordpress site is a mobile phone blog that receives 6 - 7k visit per day and had helped a friend attain 11.5k app download in 3 months for free.

Now am asking....Is Java programming the best for me to start with as a novice so that I can move to Mobile app development knowing fully well that I already have an online market for this skill or what do you think? Please Advice Me

lol!

It is never too early or late to chase your dreams and become an entrepreneur. Success comes in all ages, from Sam Walton starting Wal-Mart when he was 44 years old, to Moziah Bridges hitting $150,000 is sales at just 12 years old with his company Mo’s Bows.


While entrepreneurship has no boundaries and can be pursued by anyone, there are several benefits to getting started in your 20s. I was 22 when I started working for myself full time. Here are five reasons I encourage young entrepreneurs to start businesses, specifically online businesses, in their 20s.

1. Fewer commitments when young
Let’s be honest for a minute -- not every idea is going to become a winner and make money. New online businesses are started every day and only a handful become successful. In the event that the business does crash and burn it is easier to bounce back without all of the financial responsibilities and commitments the majority of adults are faced with.

2. Create long-term financial security
An online business can be developed into a stable, almost auto-piloted, source of revenue. In fact, there are multiple ways to create online businesses that make six figures yearly. Imagine if you could spend your 20s learning how to create successful online businesses, resulting in several income-producing assets that will continue to earn money while you explore new ventures and add more online businesses to your portfolio.

With Social Security’s reserves estimated to run dry by 2033, the younger generation needs to think about alternative sources of income for when they reach retirement age. Instead of relying on the traditional 9-to-5 employee retirement plan, an entrepreneur has full control of his or her financial future.


3. Faster personal growth and maturity
Nothing turns you into an adult quicker than the responsibilities of owning your own business. The rules of business don’t bend based on age -- a business owner in their mid 50s has the same risks and responsibilities that someone in their 20s has. Running a business introduces you to many life lessons, and being introduced to them at an early age will allow to develop into a more balanced person sooner.

4. Ability to work from virtually anywhere in the world
There was a popular article on Thrillist that went viral last year that listed several reasons why you should quit your job and travel in your 20s. The reasons ranged from gaining real-world experience to regretting not doing it later in life. Well, I’m here to tell you that you don’t have to quit your job and pinch pennies to travel the world. You can do it as an entrepreneur running an online business.

It is possible to run an online business from any corner of the world, provided you have an Internet connection. The work won’t be any easier on a beach in Costa Rica than it would be in an apartment in New York, and you will still have the same uphill battles and challenges that every entrepreneur faces -- but the option to do it from any location or while traveling is very real. The same freedom isn’t going to necessarily be available in your 30s or 40s.

5. Less overhead and financial commitment to start
Before the Internet and ecommerce, it was difficult for someone in his or her 20s to start a business. Bank loans, lines of credit and property leases weren’t easily accessible to young would-be entrepreneurs.

An online business generally has lower overhead when compared to an offline traditional brick-and-mortar business, translating into less of a financial commitment. This allows younger entrepreneurs to chase their dreams right out of college or even skip college altogether.

What are some other benefits to starting an online business in your 20s? Let us know what you think in the comments section below.

Source: http://www.entrepreneur.com/article/243553

ou can expect a lot more Motorola models in the future. Lenovo has decided that in the smartphone market the brand recognition of Motorola is much stronger than that of its own brand and will integrate Lenovo Mobile into Motorola.

That's not just a relabeling though, the President of Lenovo Mobile Group said that much of the organizational structure of Motorola will remain in place and will take lead of what is now Lenovo Mobile.

Lenovo Mobile will cut down the number of models it produces until eventually all new models come out under the Motorola brand. The combined company will rely heavily on Moto's long experience in research and development.

Lenovo's phone business will not be all Moto though, the company recently launched the ZUK brand. ZUK will work on the international scene and wants to become known for its high-end phones.

Lenovo's last financial results showed a slight drop in shipments in Q1 (16.2 million) and a pre-tax loss of $292 million. This may have been the trigger for Lenovo to shift towards the more recognizable brand.

Source: http://www.gsmarena.com/motorola_will_absorb_lenovo_mobile-news-13706.php

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This is no doubt a complete market take over from Apple iPad as they are affordable and can perform day-to-day task like emailing, internet browsing, document storage which enhance business productivity.

Some of them come with a generous 3GB RAM, connectivity that supports 4G Lite and price ranging from N15,000 to N75,000.

Here, you will find some of the best android tablets in Nigeria (based on maker, screen size, memory and storage capacity) and their price offers.

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I tried checking BellaNaija.com but it seems a file is download on my system, someone should please confirm.

Hope its not hackers oo!

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https://africastartuplab.com/wp-content/uploads/2015/08/How-to-become-a-movie-star-in-nigeria-femi-jacob-233x300.jpgThough has been in the creative space for sometime, Femi’ Jacobs has become a rising brand in the Nigerian Movie space. His big break in the Nollywood industry happened with his role as Makinde Esho (‘Mr. M’) in the movie ‘The Meeting’, starring Rita Dominic and others. Femi is a multiple award winning actor, with his recent award being the AfricaMagic Viewers Choice Awards (AmVCA). Femi is also a trained Pilot, a recording Artiste and a Motivator.

We asked him on twitter, his views on how startups in his industry could penetrate, and his answer, true to his reputation and depth are clear and worthy of publishing.

The Question: “@FemiJACOBS hello boss. We celebrate what you represent. What 3 Penetration strategies would you share with #Startups in your industry?”

His Answers are in Quote:

#1. “BE GOOD at what you do”

We think this is precise and clear. Knowing your art is the right place to begin. A good product makes penetration easier.

Hear his next response, just what we expected:

#2. “BE MORE than what you do”

He didn’t explain this, but. We perceive he meant that, as a practice, you should always know and (be prepared to) do more than your role is.

Being ‘More than you do’ makes you a master of the art, and startups should stretch (in competence) beyond what they know their role to be.

#3. “BE SEEN at what you do”

This response is worth pinning on the first page of this site.

As a creative startup, it is an invaluable piece of advise to ‘be seen at what you do’.

Source: http://africastartuplab.com/how-to-become-a-movie-star-in-nigeria-nollywood-ghollywood/

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thanks

Whether it is private equity, or angel funds, or bank loans or even government grants; providers of funding for businesses will almost always look out for certain performance metrics before they invest or advance you money and it’s in your best interest if you know what they look out for.

First of all, you may not need more capital, find out in this article. But your business will grow up to a point or will need to grow up to a point, when it will require additional investments or funding, and be sure those days will come.

What Startups often miss is, preparation for those times. I often advise startups to prepare early for the big needs.

Providers of funding will almost definitely be looking out for some or all of the following; and if you will be a beneficiary of their funding or investment, you had better be ready for them:

#1 Track Record of Competence

Every investor or provider of capital wants to see, in clear terms, and backed up by data, the story of your competence as a business.

I don’t mean rhetoric. I mean track record.

Here’s how it affects you as a startup. You must, from day one, begin to record your performances in a usable and report-able format.

Incorporate your business from day 1, don’t be in business and incorporate after three years, no. Depending on the ease of business registration in your country, do some form of business registration.

If the requirement of a financier is that they will not advance funds to any business incorporated less than three years, whereas your business has been on for five years, only that you either aren’t incorporated or have just done so less than two years ago, you won’t qualify.

Keep record of orders, no matter how small and insignificant. Keep records of clients and services you render on a periodic basis.

In fact before it’s needed, prepare and collate a track-record manual, we call it bragging rights. Strive to solve real problems by providing credible solutions and record them systematically.

It’s important for it to be systematic, because it’d be difficult for you to suddenly remember your performances of the past five years if they have not been archived systematically somewhere.

One way to do this is to have a website, a blog, facebook account etc and update them regular with your performances and successes.

Bragging rights are important. That you have a well collected and collated track-record of performances with dates, is in itself a track-record.

This is important because, many startups waste their performances, while some have no track to record, many have tracks that are not recorded.

#2 Financial Capacity (Cash flows)

Too many startups approach financiers and all too soon they realize that they don’t have enough data to prove that they have capacity to deserve the funding they require.

Especially in many parts of Africa where Financial Inclusion is still low, you find that the data available to financiers don’t match the kinds of capacities the startups claim they have.

The disconnect is obvious. Reporting. So you find that in the early days, startups trivialize reporting.

Transactions are done either off business accounts or without business accounts at all.

Cash trading is predominant and you find that, even where businesses maintain a business account, they all too often don’t realize the importance of building their Account Turnovers.

Account Turnover is one method used, especially by debt providers to judge financial capacity.

And the account turnover is simply a summary of all the inflows to your bank account and the outflows therefrom.

So if you don’t diligently and consistently ensure that your income and expenses regularly pass through your business bank account, what will happen is, when you need to prove to financiers that you have done business what so much, it will then be your words against theirs, your rhetoric against available data.

I recently asked a fashion designer in Nigeria who’s been in business for over 3years. Do you have a registered business name, he answered ‘No’. Of course from that answer, he also didn’t have a business bank account, no website, etc. So I asked him to subscribe to our blog.

From day one, make all your financial reputation be traceable. HAVE A BUSINESS BANK ACCOUNT and use it.

#3 Build Assets (Collaterals)

Assets are important for your business. While assets could be anything from property, to equipment, to vehicles, to stock, to cash, to goodwill and so on; it’s important to build assets in forms that are most convenient for your business.

Invest in stocks, treasury bills, insurance policies, real estate, etc as much as you can.

Sooner than later, these investments, first serve to improve the valuation of your business and then also help to serve a collateral where it becomes a funding requirement.

The point is to think like this from day one, so that you’re not groping around in the event that you require to show proof of any of the above, as a financing requirement.

In the long-run, it pays to be systematic.

Source: http://africastartuplab.com/before-you-raise-startup-capital-for-your-business-startup/

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