₦airaland Forum

maybachmusic:
We talking 5 figures dollars

Those that trade with $500 don't make it if they know their onions Abi?

joeeee240:
Are you sure you know what 5 figures is? 100k is five figures

Don't mind that guy, always yarning trash everywhere like he knows all.

deltateam:
Mentioning crypto or forex means telling him to set that money on fire. Newbies get burnt.

My bad. He is a student, he can learn.

This arrow shows the depth of trades. Depth of trade means the number/amount of traders/trades buying (green) or selling (red). In this image. You see that the green (buyers) is bigger than red (sellers). It also translates to increase in price. Hold on, the shape of the depth matters too��

A rectangular shaped depth is a healthy depth while a squared shaped depth is an unhealthy depth.

A squared depth shows manipulations is involved in the trade IE. False trade.

Clicking on trade icon (blue icon) brings out this page.

The lemon arrow shows buy icon where u can buy any of your preferred coin. You can place the amount of Nuls in the space provided below the limit order. *The 25%, 50%, 75%, 100%* icon Indicates how many percent of your trading capital you want to use in purchasing a coin Eg. Nuls.

*Limit order* means that you want to buy at your own specified price instead of market price.

*Open orders* are those orders which haven't been filled. Those orders can be seen in the buy orders(green orders) assuming you are buying or on the sell orders (red orders) assuming you are selling the coin.

*order history* is the history of all the orders executed in your account.

Clicking on the market icon brings out this page on your app. While you can alternate between btc, alts, USD and BNB.

It's descending by volume

You can see the volume traded on each pair

You can trade btc pair
Eth pair
Xrp pair

which translates to you can change your btc to eth, ltc, xrp, and use it to buy altcoins

Good.

Abeg which opportunity dey for accountant in the global scene.
Nigerian scene no favour me at all

Till you figure out a safe investment to go into, please save your money on COWRYWISE and focus on your studies, so as not to lose it and become demoralised academically.

But if you are in for the business, business, ehmmm...

You might want to learn Cryto Trading and see how it goes for you. Since it won't take much of your study time.

This is a random advice.

Sofistcatdmoron:
This app is devilish

Here they come again, Sophisticated Morons.

Basically same thing happens in *losers* in opposite direction. There are more sellers than buyers so it keeps falling. PS. Losing coins can also pave way to entry points. �

I asked how we can spot Gainers?

His answer is this...

Click on gainers on the home icon as shown in the pic below

At this point myself @Soul47 is happier than God on a Sunday for op to use my name for illustration.
It means I will buy 50,000 BNB Soon.

Back to the class.

The *gainers* shows coins which performed well over 24hours. Notice that highest traded coins by volume isn't among top gainers. Who can tell me why?

Why
Why
Why.

Myself @Soul47 said it might be due to frequent increase in their price.

@Balanciego said...

No answer? The reason is this.

That a coin is well traded wrt volume does not mean that it's price/value is increasing. A high volume traded coin means that either the coin is reducing in price (more sellers) or it's increasing in price (more buyers) while *gainers* only increase in price, reason why it gained more than others.

High volume might also mean that traders who placed large orders on the coin selected a price range which isn't gaining or losing much. In the sense that Eg. If *BNB* is 32$ and it's the most traded by volume.

I and Soul47 might place a buy order of 50,000 BNB at 30$ while another trader place a sell order of 100,000 BNB at 31$ which when the order is filled, won't do much on the price of bnb

While in *gainers* I and Alot of others here kept buying an buying while there are few sellers.

The arrow shows the icon for top volume trades. It explains which coins are traded more. Where traders are going into, which trades to look out for, which trades are best to be avoided or involved in. As can be seen, BNB (Binance coin) is the most traded by volume.

Followed by eth, ltc, link and ripple

In the image below. The blue arrow indicates your favourite trades.

Those trades you check often and trade will always show in your favorite icon. It's like a quick access to your trades.

The *black* arrow indicates the deposit icon as can be seen. You can deposit bitcoin, litecoin, eth, xrp, etc

While the red arrow is the withdrawal icon.

Both deposit and withdrawal are fast.

The credit card option is sure not for nigerians, so don't bother. Dem no trust us�

Any of the above issues in the image

The chat icon (pics below) is used to get access to Binance support in case you have issues concerning.........



Pics coming

The blue arrow points to the icon for face recognition. This is done when one wants to highly secure his/ her account.

This is not really necessary at this stage.

The red arrow points to the home icon of Binance app. Here you can find summarized information on the daily activities in trading Eg. Volume
News
Raffle draws
Losers
Gainers
Bla bla

While the white arrows points to the area where daily news are posted. There are things or coins to be won in some of the news. I urge you guys to also get involve.

In the picture above/below (I no get idea where E go appear), you can see three different coloured arrows. All pointing to an icon/area

Like I said earlier the whatsApp class on Cryto Trading which have started already will be extended here for others who may find this thread in the next 5 years, all things being equal. Lol.

@Balanciego is the one who created the whatsApp group and is graciously teaching us the secrets of crytotrading, am only trying to recreate the WhatsApp experience here for the good of others.
Don't thank me, thank him.

With that being said, let the copy and paste begin.

Starthemes:
Kindly add me
08100379358

Added.

We have started but not gone too far.

I will also repost the whatsApp tutorials later on in the thread for the sake of others who might join later.

hustlelegit:
09056651240
Add this, the first one is registered though

Already added.

dammydoo:
please add me on 08137976331

Added

olasclef:
08065262469

Added.

hustlelegit:
Add me 07017437815

This should be your second number, it's not registered.

mtim14:
Pls add me

Added.

gbengaoyeladun:
08106341850 add please

Added.

Ugosample:
The wealth being built and flaunted in Nigeria and most of Nigger Africa has no sustainability

How do you explain the wealth where there are no solid industries and companies across the sectors of the Nigerian economy

Excess wealth in a society with near zero productivity, squandering resources in importing the luxuries you enjoy as a "big man"
.black man no get shame really

but I'll sound like a hater
so let me just keep quiet

What you said is 100% facts.

The wealth in this part of the world doesn't last because it's not being sustained, no wonder looting and scam thrives. On my part I was buying into the idea of making money to flaunt it on luxury till I came across your post which included 'sustainable wealth'.

That should be the focus in making wealth; to sustain it to last for generations to come.

I have learnt today. Thanks.

Mos Def, Nas and The Roots also sampled Fela.

Ugosample:
These are men that have built sustainable wealth

can't say the same for most nigger rich Africans

Apart from say dangote and mptsepe

the others are just rapacious rent seekers

more respect to the rich in the world who got there via value addition

The phrase 'sustainable wealth' struck me.
God help us in this country.