₦airaland Forum

yazga:
Good evening!

Welcome to the thread that you would learn the ABC of investing in US stock market.

Firstly, we have the following app used in investing in US Stocks

* Choicetrade
* Passfolio
* Bamboo
* Chaka
* Etoro
* Fidelity
* Trove
* Trading212

Choice Trade is good too. But you start with $100 minimum. No commission on Trade. $10 Monthly maintenance fee.

Trading 212 is quite easy to open if you’re based in Nigeria. The tax number is not necessary (Nigerians). They just want to verify your name & address.

In terms of commission, they don’t charge anything at all. Compared to bamboo & the rest, you will be saving a lot of money on commission charges which is top notch, their interface is very understandable and updates real time.

In terms of deposit, unfortunately only gpay works for Nigerians. So you have to sign up google pay on your desktop (can’t download it in Nigerian Apple store). Then you set up your card etc. The gmail account must match the one you used for registration on 212. Deposit is cleared almost immediately. Another good thing with gpay is that you’re using your naira card to pay for dollars. You get charged at bank rate. In additon WalletAfrica comes in handy too

You can use the bank statement from your mobile app provided your house address is stated on it and it matches the one you registered on Trading 212 (Many have used it and was accepted).

PS: Fund your Trading 212 account with your Zenith Bank's card via Google pay. I believe they give the best rate compared to other banks.

And go get a $ dom account for withdrawal (not that you can't withdraw to a naira account, it best to have your money in $$$ and it's good for savings too), preferably a Zenith bank's dom account and it's zero minimum opening balance, (not trying to promote Zenith Bank, it's just that I opened a dom account with them last week and I wasn't required to deposit a minimum amount and I've had a savings account with them since 2019 and it's been a positive experience all through).

PS: On trading 212, only a passport is accepted as id document for residents of countries that aren’t part of the EEA (European Economic Area)

In terms of withdrawal, the money will be sent back to the card that you used on gpay. The withdrawal is done immediately but it can take some days to show in your account, depending on the bank you use. The dollars will be sent based on the bank exchange rate on that day to naira.

Flutterwave and the rest doesn’t work with 212 unfortunately. Only gpay. You can do a bank transfer from your Dom account but that can take days to clear.
Finally, Trading 212, is currently not on boarding any new customers because they are try to build their capacity to accommodate more customers


I use bamboo for now because there’s is more easier for a Nigerian based person. But if you have enough patience, you can try with 212
Trove and Bamboo use Drivewealth while trove is attached to ARM securities in Nigeria which allows for trading in Nigeria Stock Exchange (NSE) thereby eliminating the issues arising from sending trading request to BUY, SELL or STOP LOSS manually to brokers. It is also to note that upon registration & verification process the bank statement MUST match with the address you used for registration.e.g if your bank statement address states 1, Seun Osewa Str, Nairaland, when registering on the app it MUST be the same as your bank statement address. Choice Trade is good too.
Bamboo and trove have the following features
No minimum start up.
Yes!commission on Trade.
No Monthly maintenance fee.

⁠
The US stock market is open Monday - Friday, almost every week of the year. But what are the best times to trade stocks each day? ⏰
⁠
We thought we’d pull together this helpful grid, to show based on your country/time zone, what hours are typically the best to trade. Many people don’t realise you can actually trade in the pre-market (depending on the app you using?, which occurs for a few hours before the normal market open.
⁠
➡️ The first few minutes, even around 15 minutes at the open are usually volatile, so tread carefully here. Then 2 or 3 hours after the open, is when ‘lunch hours’ occur which is usually a time of lower volume and less squeezes happening. Things normally heat up in the final 2 hours approaching market close. ⁠
⁠
➡️ This is why during lunch hours, our trading group chat often goes quiet. If you’ve made a profit in the pre-market or at the open, you should protect those profits at all costs, and not over trade in the slower hours.
NextUp

HOW TO SET STOP LOSS

We have two methods of setting Stop Loss - [Automatic & Manual method]

What is Stop Loss?

-Stop loss is a trading tool designed to minimize the loss one can suffer in a trade by automatically liquidating assets [Close a trade or sell off], once the market reaches a particularly price.

-One can choose to go for the automatic method or use the manual method of stopping losses (I prefer the manual method)

So FOR EXAMPLE we traded $EXPR as stated in this signal above

That is we bought at 0.00000144 or at current market price and went for sell price 1 or 2 •••

And our stop loss is 0.00000137

••• Then after buying, you notice $EXPR is taking too long to hit sell price or the price keeps going down instead of going up, you're adviced to remain patient but if it goes down and goes below 0.00000137, you're advised to sell it off and move to another new stock

And also, you can still remain patient and continue observing because in stock trading here, no matter how low a trade goes, it will always come back up depending on a number of variables.

The only thing is it will take time..

And that's why "PATIENCE & HAVING AN INVESTOR's MINDSET IS IMPORTANT" in trading

So deciding how long you can wait for is up to you, like I'll always tell my students:- "make your own trading decisions and stick with it".

••• But that doesn't mean you should make canceling trades your hobby•••
You need to make sure the buy order has been successfully executed first

STEP 1:- You click on "Limit Order" under the sell column to reveal a dropdown of other options. - If your app uses it (mine doesn't)

STEP 2:- Then select
"Stop-Limit"

STEP 3:- Then you proceed to clear any price you may meet in the part, so you can input a new price.

STEP 4:- Then in the space for "Stop", you need to input a price that is a little above the actual Stop Loss price and that will serve as a price alert/trigger.

i.e for $EXPR, you can fill in 0.00000140 for "Stop(B)" and 0.00000137 for the "Limit(B)". This simply means you've instructed to App to trigger the Stop Loss if the price drops to 0.00000140 and that it should not allow the price go below 0.00000137 before selling it off.

0.00000137 is the actual Stop Loss Attached To the signal, 0.00000140 is what I used as a trigger alert.

STEP 5:- After step 4, you proceed to tap on 100% and then you click sell. Trading is not a get rich quick investment

I hope this helps, thank you for your time.

Thanks for this tips boss.

Please is it possible for me to withdraw my funds after making a deposit without trading?

Please, I need help placing bets on 1xbet Exchange.

There are 4 boxes in a row. The blue boxes are for backing bets while the green boxes are for laying bets.

I want to know which box among the two back bet boxes corresponds to which lay bet boxes.

Since there are four boxes, 2 back betting boxes and 2 lay betting boxes. I want to know how to match a particular back betting box with the correct lay betting box.

Thank you in advance.

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The bots manage the customers from first contact to onboarding. They'll automatically kick-out defaulters the moment their subscriptions expire. You have the options to give free trials and coupons.

As a Telegram group or channel owner, you wouldn't need to worry about who paid or who didn't. The bots do everything for you. You only need to keep providing your legitimate services and keep gettung credit alerts.

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Drop your Telegram Username for me to contact you if you need this service.

Thank you.