₦airaland Forum

Hi Poster,

I'm Mr Olatokunbo, a business consultant and an entrepreneur.

Over the years, i have come to understand that investing in a business is not just about the money in your hands but its all about investing in a viable business that people can not help but patronize.

There are basically four sectors that fall into this category and they are: Food,Energy.communication and transportation.

I would recommend Food or communication as they are less cumbersome to start. There are also some service oriented businesses that are very important to the populace.

You don't have to partner with anyone. If you have up to a million, i can guide you through the setting up of a standard iceblock making venture that will yield you not less than 5 to 10k daily. or a standard tokunbo phones and accessories marketing/repairs

Just send a mail to my messenger adress which u will find in ,y profile section so i can take you by the hands into setting up a viable and profitable business.

N.B: This is to some nairalanders who mail me for business ideas and develop a cold feet when asked to pay a token. I do not run a charity service. This is one of my vocations and it is what put food on my table so please if you are the type that wants to get life changing info free of charge then try somewhere else.

Many people contact me for recharge cards printing and i tell them point blank that its a no go area explaining in details how i lost over 500k in the business and they appreciated my advice. I did not ask them for a dime since i know there is no prospect in that sector except you want to do it really big investing millions.

So when i charge you for a fee, know for sure that i will not disappoint you.

Thanks

Toks

Hi Folks,

Forex is a very patient business. I have been in the business for sometime now and i must tell you with evry sense of confidence that if you cannot learn the act of swing trading, then you are in for a very big trouble.

I am a swing trader and i swing trade the daily charts which means i leave positions open for days and sometimes 2 or even 4 weeks.

Let me tell you guys a little secret about forex trading: Price action movement is the most dangerous tool the forex market uses to confuse traders and the intraday charts cannot cope with the volatility of the money market thats why i avoid the temptation of viewing any timeframe less than the H4 chart using the daily and weekly chart as my guide.

The only downturn to swing trading is that you will have to cope with trading very small lot sizes since you will be using large stop losses. For instance i use stop loss of 200 to 300pips targetting 400 t0 600pips.

This swing trading method gives me peace of mind as i dont have to babysit my trades and i dont care about news releases since i use a very large stop loss value and the biggest news impact is the non farm payroll employment rate of the united states that spikes maximun of 160pips.

But if you decide to trade intraday charts,well its up to you to cope with high BP as price action movements will dazzle you to exit profitable positions.

Well im a forex trainer so if i continue to write on profitable trading method,i will not have space enough to write all about it.

So if you really want to learn Forex trading from the scratch or my zombie swing trading method and to get my free swing trading signals for the month of august, just add my yahoo messenger found in my profile section to your chat list.

Last note of warning to all currency traders: Dont rush it,take it easy. you will definitely get there.

Thanks

Toks

Hi Guys,

How come no one is looking towards the fact that Ghana just discovered crude oil.

Hello Guys,

Doing business in Nigeria is like trying to fetch water from a river with a basket.

The fact is that there are many factors that will mitigate against the growth of the business. I cannot elucidate so much on that but in my candid opinion, if you can save this money and look for another 200, you can simply go into ice block making business but if you must start with this amount, then i would advice that you try buying snd selling of cheap faily used phones that you can buy for 3 or 4k and resale for 1k or 2k profits,

You can also add the sales of  chargers and other phone accessories.

Just look for a good location and u are on.

To get a place where you can buy cheap phones, simply add forexrefuge@yahoo.com to ur chat list and i will give you the address of the place free of charge.

Thanks

Toks

Please try this guy Sanpiro, he has an office at egbeda and i am vouching for him. I am an advocate of face to face transaction but i am telling you to try this guy. I am a man of repute and i am not getting a kobo for this but try him only that his is too expensive. I bought from him today for N205 per 1usd so its ur choice. And he has been funding for my trainees.

Tell him toks recommended him to you. This is his number 0803740061

Have a nice day.

Hello Friend,

Before you leap please look because many people just open account blindly. The question is; how much do you have to open. I usually tell people to put 500usd first on a cents account and not even micro account. This will enable you get a grip of wat live trading is all about and even if you have traded and lost the money, you probably lost due to this same reason.

Please add forexrefuge@yahoo.com to your friend list so we can discuss more.

Have a nice day.

oyb:
the poster you replied is the kind of prick/snake oil saleman the original poster listened to

Maybe the gentle man was trying to say you cant lose in the long run and not that you will not lose any trade.


Let me be frank with you. I am very good in trading and i even give signals but you know what? i still lose and lose big for that matter because the greatest secret in forex trading is not in your trading system but in our trading character.

We have two major emotions in forex and each of these two affects 2categories of traders. Fear dominates the novice traders and greed dominate the professionals

I lose simply because i am greedy not that i dont know the trend direction but i simply place crazy lot sizes sometimes yet you can immagine that i train people to use 1% rule.(a case of do as i say not as i do)

But the big question is this: Can we ever be able to put greed and fear under control?

Why i am been frank here is to let everyone understand that until you master your trading character to a standpoint making sure you trade according to rules, please invest your money in another business cos you will never ever make it trading forex, no matter how good you are.

Now i have learnt to trade by my 1% rule but the result is a meagre 40 to 50usd profit daily for now but the good news is that with this right trading character, i will be making 150 to 200usd daily in a short while from now.

I have overcome fear but greed is what i am battling now and i will overcome it by GOd's grace.

So please i repeat please leave forex alone if you cannot master these two emotions. FEAR AND GREED.

A WORD IS ENOUGH FOR THE WISE.

Toks

Hi,

As far as i am concerned, all things work together for good for they that love GOD and are called according to his purpose.

That just-over-broke(job) was taken away from you to usher you into a new horizon. You only need to look inward and bring out the creative ability in you. Yes i know that the country economy situation is indeed very unfriendly to intending enterprenures but you can still make it.

I left the university 11years ago and i have never known how it feels to be an employee. Though it was very difficult at first but today i am better off making my steady 6figure monthly without saying yes ma/sir or nursing the fear that my job will one day be taken away from me.

No think am bros. You can hook me up and i will give you free business consultancy service on the type of business you can do to make consistent money i.e Ice Block selling business will fetch you an average of 4k daily with a cheap ice block making machine and a diesel/water low cost gen. You may also start hotel contracts like supplying little things hotels need and you make good profits. Things like wines,toileteries, food stuffs, and so much more. A beg forget these job wahala.

Stay blessed.

Toks

[quote author=Tha_dude link=topic=256088.msg3669879#msg3669879 date=1238518739]You dont wanna go there!, 95% of venturers loose their funds. The trading platform and prices are determined by the brokers. So, in trading forex, you would be fight a lost battle. Stay clear it!!! forget all the hype, those who have lost fund are the same people who would come and introduce ignorant investors into it. I have traded it, i have observed it on 5 platform at the same time and these brokers place you at a negative trend even when the market shows you are on positive.
You could make $500 or more when u start but its a gimmick to increase your confidence and make you believe its a fair market you can predict. I have made $2000 a day trading USD again CAD last year, but i stand tall to tell you forex is worst than the madoff scam.[/quote]Hi Bros,

I understand your plight but never the less, i think you are expressing a bias atitude as a result of ur experience. I have also lost money in forex and as a matter of fact i also had the mind of giving up when i lost 1670usd in just 3days but thank GOD i did not.

Lets be frank, there is absolutely nothing wrong in forex trading,it is we the traders that have serious problem amd the problem is simply impatience.

We are always in a hurry to trade live account when we are actually suppose to demo trade for a very long time until we can place 10 trades without losing more than 2 or 3.

Let me list some of the problems we face in trading and need overcoming.

1. Trading the wrong account type: You should trade in an account category that can accomodate your capital. For instance, many people trade mini account with 1000usd capital or even less. You cant succeed unless you open a cent account which is even smaller than a micro account. AS a matter of fact, you have no business trading a micro account with any capital less tahn 2000usd.

2. Lack of proper trading system: You need to have a trading system and stick to it like glue cos trading with different methods will not give u consistent profits.

3. Lack of proper money management: This is the most important aspect of currency trading. Protecting your capital. You have heard many so called pro telling you never to risk more than 3 or 5 percent of your free margin but thats all bullshit.
NEVER RISK MORE THAN 1% OF YOUR FREE MARGIN IN ANY SINGLE TRADE.

I have come out with a formula to assist people i train to preserve their capital using one percent rule.
Your free margin divided by 100 x 1= your 1%

Now according to my theory of stop loss, i always tell people to use a lot size that will accomodate at least 200pips stop loss and yet be equal or less to 1% of their free margin or equity so in order to know the lot size to place, simply divide your 1% by 200. The answer you get will be your profit or loss by pip movement expressed in dollar

For instance, if you have 1000usd to trade, 1% of this is 10usd so to know your lot size, simply divide this by 200pips stop loss. This will give you 10usd/200pips stop loss=0.05usd per pip which is 5cents .

This means you should place a lot size that will give you 5cents per pip and ofcourse, its only a cents account that can give you this and not even a micro account.

Alternatively if you have say 3000usd trading capital, your 1% is 30usd divided by 200pips will give you=0.15usd which is 15cents so you can place a lot size that will give you 15cents per pip.

To make it simpler for you, just divide your 1% by the number of pips u want to use for stop loss and you will get the lot size to use.

For instance assuming i have 1000usd to trade and i want to open a position that i will need to place a stop loss of 80pips. I simply divide 10usd(1% of 1000usd) by 80pips stop loss= 0.125 so simply use a lot size that will give you approximately 12cents per pip which is 0.01 in a micro account and 1standard lot size in a nano(cents account)



3. Another factor is greed: People should understand that making money in forex is a slow and steady thing and not gra gra.Making an average of 20usd in the first month of trading can grow so large. You can check my profit abnalysis on another thread on this section tagged ("trading forex the right way)

There are other factors too numerous to list here but if you need more information or training on forex trading, simply add cutekorede@hotmail.com to your instant messenger list so we can chat.

Thanks.

Good Job,

Let me just give a little of my swing trading signals on 4hr/daily chart and you will be getting these free onmy website which is still under constaruction @ www.forexrefuge.com

Here we go.

1. eur/usd is going bullish so place a long trade and take your profit at the resistance level of 13270 putting your stop loss  at 12970.
2. if Gbp/usd breaks a weak support level of 13864 then the bearish move will continue to a major support level of 13510 with a stop loss at   14080.
3. Eur/jpy is struggling to break a resistance level 129.17. The 4hr stochastic shows a strong uptrend move which suggests a possible break to a further level of 12960 so place a buy stop 8pips away from the key resistance level of 12960 with a stop loss at  12770 and take profit at 12960
4.Usd/chf has been experiencing a strong bearish break so place a sell to a strong support level of 11595 with a stop loss above the pivot at 11757
5The eur/chf has been rallying between the s/r levels of 15387 and 15330 for days. Now it has broken the support level of 15330. The 4hr stochastic also comfirms the change in trend so place a sell stop at 15270 and take profit at 15110 with a stop loss at 15361.


Thanks

estherline:
GET READY TO BUY EURUSD AND CONTINUE BUYING GBPUSD

The EURUSD pair is currently trading inside a consolidated triangle pattern in the 1HOUR chart. Luckily for us, this type of triangle is an ascending one showing that the price of EURUSD is going to move up once prices broke outside the triangle upwards. As a matter of fact, we hope to be buying this pair once prices broke outside this triangle from above. But if prices broke downwards, the signal is no more effective and we will forget about trading for now. You can set a buy stop order to buy above the current price at 1.3050. Take profit at 1.3100



Summary: Buy EURUSD and continue to buy GBPUSD



HAPPY TRADING


posted at 12pm, 17th march

Good job but try and be precise and brief. For instance, let me paraphrase the above quotation.

''The Eur/usd is presently in consolidation below the resistance level of 1.3050. If this level is broken, go long and Take profit at 1.3100.

Simple.

Your signals are not complete without stop loss levels.

Thanks

Toks

Hello Nairalanders,

I dont want to sound too confrontational but please i need an explanation to the rationale behind locking threads that discuss Forex. And i also need answers to this from Seun,Naijacutee and any other concerned and well informed nairalander.


1. Is Forex trading a legal business or a scam?
2. Why is forex discussion banned under business section of nairaland?

Please i need answers to this as this will explain why forex trading discussions are always locked.

Seun, i may not own a forum but let me advice you as a brother and as one who is experienced enough on business issues. Be open minded and allow an open playing field. Nairaland is a forum,YES you created it but we make it happen, without nairalanders that will never be nairaland. Immagine you just opened an advert oriented website, think for a moment that no one advertised on it.

I believe Seun will not allow adverts from Forex traders, multilevel marketters or e-currency exchangers on his new site HABA. Believe me Seun i must say that each time i think about your restrictions i always have this confused feelings about your personality and as for nairacutie you always leave me wondering cos i have read your posts and i believe you are well enlightened so what is happening.

Nairaland is the only forum online and i stand challenged where some businesses are restricted from being discussed. Many online Fora are only against spamming of any kind.

I have said this before and i will say it again. Let every adsense or adwords on forex be removed from nairaland then i will understand your phobia for forex and stop locking threads on forex arbitrarily.

So please stop giving rules that sounds totally absurd and allow for level playing grounds.

Some people live by netwok marketing /affiliate marketting/multilevel marketing. Some people live by being an e-currency exchanger while some trade forex for a living and i know many people who are into High yield investments.

So i will simply recommend that you create a section for these topics to allow a level playing field please.

Thanks

Toks

Hi,

If you want Abstract name then i will give you Dunamis rentals. This name is a powerful hebrew language which means dynamic ability to cause a great positive change. But if you want combination of names then we need to know your full name.

Thanks

MrCrackles:
Lies!
Fraud!!
Scam!!!

May you all rot in hell fire with Satan if you have fraudulent motives!!!

Where are you from? Are you cultured at all? at least you attended primary school and you ought to understand simple decorum.

I have been duped several times on this issue of Lr funding so i felt i should commend as well as recommend this guy. He is not paying me for the commendation and i believe any sensible person will simply do a due diligence on this guy before ranting an unwarranted and uncultured mobo jumbo.
And anybody with a little intelligence would have read between my write up that so far so good i like his service and that people do change but i hope he does'nt so wats your headache?

I think Seun should create a pre registration questionair to access the IQ of intending registerees before joining naiaraland.

Toks

Hi Guys,

Well, this guy is real and i have used his service for more than 5 times now so in case you are not in Lagos and you are scared, i can tell you confidently that the guy is real, i have been to his office and i have accessed him.

As humans i pray he does not change his decent and honest transactions but at the moment, you can trust his service.


Toks

mr dollar:
1. He bought his first share at age 11 and he now regrets
that he started too late!

2. He bought a small farm at age 14 with savings from
delivering newspapers.

3. He lives in a small 3 bedroom house in mid-town Omaha

4. He drives his own car everywhere and does not have a
driver or police escorts

5. He never travels by private jet, although he owns the
world's largest private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He
writes only one letter each year to the CEOs of these
companies, giving them goals for the year. He never holds
meetings or calls them on a regular basis.

7. He has given his CEO's only two rules.

Rule number 1: Do not lose any of your share holder's
money.

Rule number 2: Do not forget rule number 1.

8. He does not socialize with the high society crowd. His
past time after he gets home is to make himself some pop
corn and watch television.

9. Bill Gates, the world's richest man met him for the
first time only 5 years ago. Bill Gates did not think he
had anything in common with Warren Buffet. So he had
scheduled his meeting only for 30 minute. But when Gates
met him, the meeting lasted for ten hours and Bill Gates
became a devotee of Warren Buffet.

10. Warren Buffet does not carry a cell phone, nor has a
computer on his desk.

11. His advice to young people: Stay away from credit cards
and invest in yourself.

10. Warren Buffet does not carry a cell phone, nor has a
computer on his desk.


I strongly disagree with this.

Thanks Mcjohn.

For those interested in daily forex signals, please visit the link below to get free signals from me and it will be free for the next two weeks.

Visit the link below to get free daily signals.

http://bizstuffs.com/index.php/board,150.0.html

But remember your money management principle of risk exposure cos you will be tempted to risk big lots due to the 80% accuraccy of my signals.

Thanks

Toks

Thanks for your question,

I strongly recommend a cents account for beginners and liteforex.org offers that. Any beginner who opens any other type of account asides a cent account should as well look for matches and burn his money to ashes. A word is enough for the wise. 30USD will be ok for a start which is 3000cents

This will enable you to trade as though you have 3000usd and you will build a stong trading system and discipline with this and if you eventually lose it, no wahala, you can put another 30usd until you are good. You will make 1cent per pip movement but the maximum account you can have on the cents account is 300000cents which is 3000usd

But if you are well grounded and ready to trade big money, Alpari is the way to go cos they are very well regulated. Recommended start off capital is 2000usd or 3000usd

Let me now the one u choose so that i can be of help to you.

Thanks