₦airaland Forum

Racoon:
Financial market - abeg give it to our South-West brethren. Banking, Insurance, Journalism and Stockbrokers nah them get am. Meanwhile the story of Wema is really inspirational. Though I never banked with it, but it always fascinates me in the 1980s especially that their branch @ Mokola round-about

This title is more for BENDEL people:

Journalism, Banking( & Finance world), Sports, Law...

The West is trying but still learning though trying in Fintechs.

Wema is among the 'mature' banks in Nigeria in all they do. Hoping they do better. Best fixed deposit rates for Commercial banks( traditional ones).

dmahn:
Audnzd finally delivers after I stopped mysef out when market created the fear. I entered again when the road was clear.

UsOil as initially created a strong sell but failed and changed to a strong buy which has actually failed too, Those who risked it all on the strong buy and sell has been purnished like Daniel did Anthony Joshua.. Since both buyers and sellers has been purnished, it has created another strong sell which I will be joining if price should come to my entry..

I will be talking about what I learnt during joshua and Daniel fight on my next post

That the road is clear is important and I use time frames, min & max prices as guides.

Now, after some experiments I discovered even if profits beginning to turn to losses/ red fast just look for a different time frame for that trade.... Just like someone in Nigeria suffering and I put same person in another African country,... The result is magical and at least u get back your capital and enter another trade. The more the losses b4 changing time frames, the longer the reversal but it will reverse - and one may just set alert. Some time frames too are more suitable. I added other stuffs too like which banks to do fixed deposits for better yield etc.

Putting my ideas down and to my surprise already have 29 pages with some touches to it and by next week I will be done.

FREE for anyone who is a beginner in forex and others too. Let there be more TRADERS.
The only requirement is registration under my affiliate links ( exness and Deriv)with the brokers with proofs.

GOOD NEWS: Skew Step Index ( aka Good boys) have been added formally to Deriv REAL ACCT not just in Demo only. They are better than Crash and Boom and give same profits with lesser heart attacks( lol)

samfelly:
Chai, was that recent? Like when dollar2naira dey hot?

Correct...I have used $6.50 to get $115( once not accummulated trade), i stayed longer thinking i will get more, i just managed to grab out $50(80k) and quickly closed the trade. Learn to manage emotions and greed(lol)

Alexas58:
I don’t see any trading opportunities now!

Gold is on a very massive run!

I pity short sellers

It is because Dollar which is the QUOTE currency to Gold is -ve on the economic calendar meaning it will devalue and appear bigger/bullish/higher price than b4 and for eg Naira for which Dollar is the base currency, it will appear like Naira is appreciating in value ( all things being equal). So, when dollar starts showing positive again b4 it (gold) seem to go down.

dreamxhaser:
You really shared alot of valubale informations sir, and i reaaly appricate it. This infromation you are sharing is gold, and i ma sure it wont only help me but alot of people here.

But there are some questions i will love to ask you about those points you rised sir

WhatsApp: See number
Or Email

Veenbanks:
Funny enough, I trade Boom and Crash. Those are my majors.

U challenged me.... How can I have my 'weapons of warfare'(lol) and still be tensed about them.

I will share my thoughts on them soon for all those interested to getting gists about them....my summarized opinions.

But 1st the Jumps( most profitable -5 stars and 4stars) soon.

B4 I start, anyone who traded Binary 1st even if it's Demo trading will be good in Synthetics/ Forex but with Binary one will still feel they are still in the wilderness.

All the Jumps( cousins to Boom and Crash) are great also the Dexs( neighbors living opposite to Boom and Crash). My darlings for Jumps are Jumps 25,10.... For Dex my darlings are Dex 600 Down, Dex 900Up and Dex 1500 and good for smallies( less than $30 investments).

The Booms and Crashes( including Volume over Crash 750, Volume over Boom & Crash 550--- all these Volume overs are good) will give u the needed profits and also hit hard on your profits faster when the market enters a range mood: where there is directional reversal/ order block which includes candle color change( and possibly size) and stops your stop loss and you( lol).

The Jumps too will give u similar profits but at a bit lesser hit to your profits.... The Dexs will also give u similar profits but it's more stable and mature when 'reacting'( time frame must be 1 min).... For the others 5-15mins or still 1 min time frames).

When there is a break out or mere fake out at the ranging/ key support & resistance areas, that is a good time to close your trade( for Boom & Crash) your finger must be close to the Close position portion from the start. These key positions are best to place your trades BUY or SELL....Nothing is as sweet as Buying/ Selling at a GOOD price( lower/ higher than the market price) so that the hitting on ones investment will be lesser.

The use of Time frames with the 3plet indicators( or any indicator u are used to that is working for you) are very important for successful trades .. They must show/ indicate clear way to enter the trade and be in it for at least up to 10 mins, egfor Price ROC it will be minus if price is low( to buy) and plus (if to Sell) and jot down 10 mins calculated with actual time. However, since the market is like a raging, wild sea, even if u get these clear signals, once you notice your profits are being hit, know you have entered ' Bermuda triangle' portion of the sea, so get out of the market by closing your trade( act faster for Booms & Crashes)... Lol.

I noticed the Deriv's mobile apps including CTrader crashes often.... The Desktop/ PC's experience is better.

The market loves some risks so since Synthetic especially is for Scalpers and also for intraday traders inorder not to suffer slippages and swap fees ( no matter how small) sometimes( for those with $30 and above), one can risk a little more since u know your stay in the market is short lives B4 u exit and reenter again to trade same instrument or another, so u know if example a smaller 0.1 using scooping to get out profits gives u only $1-2, u can take a bit more and it gives u x ....so u exit once the dreaded ranging( which can work in your favor too)begins.

May we all have more successful trading in the coming months. Amen
NOTE: 1 Day time frame analysis 1st

* My humble opinion

dreamxhaser:
Hello!

First of all. Please forgive some of my typos. I am typing this in very busy place.

I am been following this thread and one thing I have come to realize is most of you are matured and well experienced in the game.

Now I have been sobar for some months now. I

I am a freelancer. I earn well for my age (21) heading to 22 coming January, and My goal entering 2024 was to up my earnings through Amazon KDP. But I am still here doing the same freelance from last year. To be honest school also contributed because I am in my final year, so it has been hectic for me to engage in other things aside my freelance and education.


With the knowledge I have gathered I am sure after school I can up my earning with both freelance and kdp into at least a thousand dollar monthly.


Now the big issue is, I used to think making money at a young age was the problem. But it isn’t the problem is how you use the money and invest it for your future.

I have seen and heard several stories of people who used to ball at their young age but are now broke in their 40s. Those kind of stories scare me to the core.

I have been on several threads looking for what to do with my life. I have been in the Federal Government job thread observing if I can buy a job (in case of job security) I have been in tbe crypto thread, Japa thread, and a lot more.

Though most of the information they share there are good. Most of them have their risks on the other side. Which is why I have come here to seek the advise of made men and women.

Please what kind of investments and moves should I make to secure my 40s from any tsunami. Is it business? shares? savings? Japa from Nigeria? Buying a federal job I can fall back too? Or going back to school and study medicine?

Also is it advisable to get married at a young age. Let say mid 20s. Some people say it helps to sharpen you think faculty and help you become a better and more responsible man. While others say it’s a bad move in this present Nigeria.

I am a computer science student , and have some tech skills which is why I am considering Japa. But Ai Dey make me think twice

Please help me! I need advices. I am a young man and want to secure my future and that of my unborn kids.

Many at your age don't have such opportunities or don't even know what to do with their lives yet...

See below:
Fixed Deposits: Fairmoney MFB . Renmoney MFB...Wema has highest traditional bank rate for now.

Mutual Funds: Meristem( Meritrade), Arm investment center

Stocks/ Treasury bills, / Federal Savings Bond: Though the Nigerian Stock market needs to correct itself first B4 u enter to buy: Apel, Meristem

Learn money market skill so you can trade more confidently and make more YOURSELF with AI robots to help too in this 21st century: Forex, Stock-globally, Commodities, Synthetics, Futures/Options.

uwaifou:
It appears every body tilted towards Stanbic MMF. FBN QUEST has the highest returns on investment followed by UNITED CAPITAL. I stand to be corrected.

Meristem and Arm investment center( allows monthly investmen) good too.

LincolnOnyeabor:
I won't lie, most of these pairs you're calling here, I haven't seen them.

Never knew there was Vix 15 and Vix 30 ooo.

And yeah, I noticed that trades mostly go well from midnight to early morning New day starts at 1am On Deriv and following the Accumulation, Manipulation, and Distracted Theory of Candle sticks And late at night.

I'm learning BTMM and infusing it with some SMT concepts especially Liquidity.
Deriv reacts to Liquidity like Fire especially Old Highs and old lows either on the 4H or Daily or Weekly Timeframes.

Great.

This money market be it Stocks, Forex, Commodity, Synthetics, Futures, Options, Binary Options is the only one that can give work to all especially Africans with failed government system without 'complaining' because it actually needs PEOPLE to have continuous liquidity to be able to spew out profits to investors. If only people know on time and learn the trade to apply it in all aspects of the money market. It's a life time skill and one that one needs to be among it's community members to stay alive in the game.

LincolnOnyeabor:
This shows you know your Onions ma'am.

Well, na $1-2 I dey use trade and I focus mostly on Jump and Dex pairs and once once Vix 25, 10, and 75 1s and it's been good this far.

Which pairs do you trade ma??

I trade my VIXs 15(1s), 150(1s), Volatility 25,100... These are the most profitable in terms of gain you get.

Vol 75 (1s) is popular.

Vol 30(1s) & 100(1 s) behave like 'intraday' stocks--- slower so needs 1-5mins( max) time frame but good too.Dex 1500 Up index is a snail and I don't know if it brings any profit.... It's like a short term stock.

I avoid BOOM & CRASH( lol)- their heads not correct.

I tame the VIXS with 3plets that are easy to understand: RSI+ STOCHASTIC+PRICE RATE OF CHANGE.

I am a Candle adherent including to TP, ENTER and love simplicity in my trading. I use Market Structure knowledge ( which is an elaborate version of ABC principle for TP, ENTRY & SL etc)basically to know my Demand and Supply zones and to tame my SL. Order blocks knowledge too helps but I keep it simple. I analyse well naturally. One must learn to use REVERSE/ MODIFY on DERIV to survive Synthetics.

Small accounts especially need SCOOPING, taking the small profits along the way that one gets which adds up ie little drops of water makes a mighty ocean.... Trading several 0.001 lots per day instead of bulking it at once.

Vol(10s), 90(1s) are darlings too.

Do u have best times to trade or have u noticed if certain times of the day are better cos mine can be anytime from 12midnight to Afternoons/max 6pm?

samfelly:
I disagree.

With $4 you can trade them (those 3 pairs I listed back there).

Step Index required margin is $1.38 with 0.1 lot size (the barest minimum)

Vix100 required margin is 68 Cent ($0.68) with 0.5 lot size (the barest minimum), and

Vix75 required margin is 13 Cent ($0.13) with 0.001 lot (the barest minimum).

I once traded Vix100 with $8.5 and pushed it to $267 and lost it when I disregarded risk management by introducing a lot size that the account couldn't contain

Im talking about the STEPS not Volatility which is a beginner's love in many ways .
Be careful trading STEPS with little money.... Just an advice

samfelly:
Wow, finally, we don get an additional Synthetic trader. Welcome to the club, chief.

Try your hands on Step Index. You'd love it. That's the only one I demo trade 90% of the time after Vix100 and Vix75

Not for smallies..... At least $30-50

Cashhy11:
Finally read a blog that gave answers to 99% of the questions I had. I've always avoided news event in forex, because it messes with my analysis.

This is pure technical analysis which is my forte. So I will just wait and double the demo account to 20k to build the needed morale and confidence before going all in.

How long have you been trading this stuff though? And how's the experience like?

Recently but compared to Forex, the profit was much to my surprise with little seed. But faster tempo bows kind of to INDICATORS. Some are slower in pace but the profit won't come as fast.

But forex can be small but consistent..... Synthetics is fun, where to be.... Beats binary( gambling) hands down

No fundamentals, use your own created historical data

Yemmysworld91:
Do you have any info on the university of bamenda

Similar fees as private ones

LincolnOnyeabor:
It's purely Algorithm boss. Not moved by market forces or affected by News at all.

Just pure Algorithm.
If you'd like it, I could drop a link for you or just check Deriv . com and register sir.

Thanks for your input on Synthetics. Kudos

Cashhy11:
Thanks it was helpful. I've registered through their website and opened a demo account already. Judging by the historic chart I looked on MT5, it looks normal. I've googled lot of pros and cons about it but all I'm getting are not solid enough.

So from someone who trades live on it. Does it have time it moves differently? Since no news affects it at all like you said. Or it's always as volatile 24/7?

After going through the instruments they have, I've settled with the Volatility Indexes alone. Probably because that's the most common instrument I see people trade on IG most of the time.

I'm risking $100 per trade which is 1% and will only go live if and whenever I doubled the 10k to 20k, or better still $15k with little drawdowns. I'm trying to take advantage of the no news factor, so I'm trading all time frames once it shows the pattern I trade.

This is the current trade I spotted this morning currently on breakeven, the RR is 1:3, so $300 is the target. And these are the instruments I chose.
Any recommendations by you will be appreciated boss, thanks once again.

I will still read more about it, it's a weekend so I just decided to start taking trades already while also reading about it on the side too.

Haven't seen much of VIXs here.... Synthetics.

With Synthetics, one doesn't need Prop firms, at least for Africans or 3rd world countries.

SimpleGuy001:
@emmasoft thanks for that.

Well I left mmf then due to bad rates. When tbill rate was better. So now I’m thinking of doing mmf not sure the rates now.

I have got 2.5m in Tbills and thought of building a mmf account that I can build overtime too.

I guess I’ll see about that.

SimpleGuy001:
@emmasoft thanks for that.

Well I left mmf then due to bad rates. When tbill rate was better. So now I’m thinking of doing mmf not sure the rates now.

I have got 2.5m in Tbills and thought of building a mmf account that I can build overtime too.

I guess I’ll see about that.

Also, fixed deposits with banks like Fair money MFB and Renmoney MFB both are competitors in the industry and with good rates.

Their own advantage over MMF or Tbills or FGBonds is that u can gain access to both your principal and interests at any time and u choose to fix any amount you can afford. Accessing Renmoney can be via web( phone/ PC) and app.... Fair money by app. These have the best rates so far.

Providus bank is innovative and good enough annual fixed deposit rate ( more is better though...lol)...with Master card which works as both Naira and automatically converts to pay for things in dollars online. U operate account for 3 months to get this Classic card, but if U want it immediately, can deposit N100k..... Minimum balance anyday in this bank is N0....
About 8 yrs in existence and trying, owned by a Delta.

Hoping it will help boost Unity bank especially in terms of technology. Though don't know if Unity bank branches will help it spread more physically. Don't know why the North isn't pulling it's weight with it's Unity bank.

Banks we need to watch which are the future but are Microfinance banks or others are: Fair Money.....Renmoney...2 Competitors in the field.

Others: Palmpay.

These 3 are doing well.

Follow the Apel Asset Limited channel on WhatsApp: https://whatsapp.com/channel/0029VajNexdGZNCtbg1OTI23

Whatsapp channel from an OLD, solid, Stockbroker and Registrar for Stock news etc

Follow the Apel Asset Limited channel on WhatsApp: https://whatsapp.com/channel/0029VajNexdGZNCtbg1OTI23

Whatsapp channel from an OLD, solid, Stockbroker and Registrar for Stock news etc

emmasoft:
Enjoy Rates while they last

Stanbic - 19.92% net
Norrenberger - 20.69% net
SFS fixed income - 15.02% net.

Click on the links on my signature or attached form to start.

Does this have limited time?

I wonder other organizations with good Mutual fund rates?

Meristem: MMF is 20.87% annually

Fixed rate: 16+%

Dollar fund: 9+%

Confirmed Delta North people IMPERSONATOR....

Why are Igbons like this?

MightySparrow:
I watched a TV presentation where an igbo local historian claimed the same thing.

I don't really know which of these.
All of at the south of Niger share common origin.

In fact, Ifá Oracle and Afa in Igbo, Nupe, Igalà, Ebira.... is a common deity worshipped by all.


https://www.youtube.com/watch?v=6vTtJaAuSEg?si=O-Liw5j15wDP3e0V

There are four episodes in the series. Try and watch all. Bloggers, especially enthusiasts with no knowledge of history are causing damage to our existence.

If you continue to listen to this Nna Menh guy, you will be so CONFUSED about history.

He claims he knows history and continues to force Niger Deltans with similar languages to be Igbo( lol).

Stay clear from his channel or pages!

Pacesetter123:

I just dey laff u in Spanish.
Is your N/Assembly representative aware of this your position?
When your senator presented the bill in the floor of the house and it passed through first reading,I don't remember seeing this your ranting being sent as a memorandum to stop the bill.

So take your concerns to Ned Nwoko and not me.

Then remove mouth for Delta matter and stop advising nonsense!

Pacesetter123:
I support the creation of additional one state for the S/East for equity and fairness to the entire Southern region.

Why North go dey get such plenty senators and HoR members pass us in the south?

If my Igbos brothers cross come my zone come ask me say which of the new proposed state you see say for good make them create for us among Anioma,Etiti,Orlu and Adada?

I for advice them say make all of them go support Ned Nwoko for the creation of Anioma state for the S/East.

Make them shun the oda 3 wey from the present south east for now.

I repeat take Anioma,take Anioma,take Anioma and forget about Etiti,Adada and Orlu for now.

I go give una reasons for my stance in future and not now.

IPOB paid agents/ SLAVES or their paid crowd CANNOT DICTATE or decide for the aboriginals.

We DONT want IPOB activities in our land whether now or in the future.

We have NEVER been part of South East, so why now?

U can't go to the States that were once part of you because Dem go DISCIPLINE and REJECT you people immediately.

WE DELTA NORTH PEOPLE, REJECT THIS IN JESUS MIGHTY NAME. AMEN!!!

PraiseDLord:
Please is there any bank that displays available secondary market T.Bills rates on its app or online banking platform and also permits customers to invest directly on such platform? If yes, please which bank and via what platform?
Thanks

Bamboo app will tell you 18%.....

Meristem just email them, always good rates.

All these app things, one needs to specifically ask them if via email one can buy and sell cos anything one does, there should be this thought of how family can easily access our investments if need be instead of going formal with LETTER OF ADMINISTRATION. Apart from writing and storing safely, passwords, pins, emails, telephone number etc.....

These days I think Treasury bills/ bonds have formal application via any bank or Stockbroker ( preferable, as they take the stress of you, advise and buy any alternative where necessary).

I wonder the rates of foreign bonds cos I noticed Nigeria has best bank rates( fixed deposits), bonds and money market investments( eg Sukuk- going for the 16+% etc).... But their Stock market is deeper and moves better than ours for buying and selling.... B4, our Stock market moves like 3-4 times in a year( to buy at good rate and sell), but since 2015---No way... Good for more knowledgeable and experienced persons.... Reason why Mutual fund is gaining more attention.

Realtruth2023:
Yoruba man stop hiding behind a fake name. You are Yoruba, first of all the state is for South east and for igbos in Nigeria and not biafra. why are you guys so scared at anything igbo?

Lol ....All of a sudden, I am now Yoruba because I'm telling the world everything about my people and our neighbors the Igbos-?

Ewobi!