Category : Grow Your Money

Grow Your Money

Mini LPG Depot: A Super Profitable Business Opportunity In 2022

mini lpg depot

A mini LPG depot is the solution to LPG distribution problem facing the country. According to statistics, Nigeria is having LPG supply problems, which is a result of limited storage facilities that is closer to most states in Nigeria.

Imagine that almost all the states in the west gets their supply from Lagos – including the North. Other locations where there’s LPG depots are Port Harcourt, Benin, Warri, Calabar and Akwa Ibom. Most these are coastal lines, since the supplies are done through ship. In the entire eastern and northern states, there no single LPG depot.

If you are thinking of an LPG investment that’s super profitable then you should be looking at mini LPG depot. The market potential is huge, and it can be conceptualized into a strong brand or monopoly.

I hate monopoly, but where you control the supply, distribution and sales in a market, you are the monopoly. Although, it’s capital intensive, but if you wish to go big you will need a good consultant to help you actualize the concept successfully.

How Mini LPG Depot Works

The challenges in the Nigerian LPG market created huge supply gap that’s becoming difficult to fill any other way. In all the years of existence of NNPC, the government organization that’s in charge of oil and gas, it has not been able to fill any of the existing supply gap.

But right now this gap can be filled with mini LPG Depot facility, by exploring the existing LPG regulations, with the right investment.

The idea requires you to identify a state or location that can cover multiple states LPG supply needs, and plant a mini depot there. This strategic location is your most epic advantage for a mini depot.

What’s Possible With Mini LPG Depot

You may want to know what’s financially possible as your returns from a mini LPG depot investment. If I may answer you from a statistical point of view, it will be a huge share of the 5 million metric tones of LPG domestic supply target.

Okay, that’s a general assumption. But if you critically look at the potential of a mini LPG Depot it’s huge.

Although, it depends on the mini LPG Depot business model you decide to adopt. If you agree to go with this model that would put you in an estimated financial position of over N500 billion annually. This estimate would depend on the network of your investment.

You should also know that so much resources is require to achieve a huge project like this.

The Role Of An LPG Consultant

It will be an error to want to embark on such project without proper guidance. You will need an experienced consultant who understands the business model of all the sides of LPG supply, distribution and retail.

A consultant who can properly encapsulate the whole concept of mini LPG depot. Help you put up a feasible plan. Help to search and advice on the right location for the mini plant. Help with the plan and execution of an effective marketing. Help to setup and manage the right team that would ensure the execution of the project. And be in the advisory team leader throughout the period of the project and beyond.

And talking about marketing – it must be prior and after the construction of the plant. During the course of feasibility plan, a marketing plan should be drawn with proper accountability of all the target retail plants within the defined market. This head count is important in established the profit potential of the project.

Basic Startup Requirements

The plan must be vast and inculcating every aspect of the business to give a full view of the investment. Cost shouldn’t be minimized. A proper analysis of all the risk, costs and requirements should be presented in the plan. A mini LPG depot business plan is required as a main requirement before anything else can be done.

It will give you the full overview of this project. At least, the plan should be able to do five things successful:

✅ Conceptualize the mini depot model and getting all regulatory approvals
✅ Identify a proper location suitable for a mini depot
✅ Address the issue of cost
✅ Create. a detailed marketing plan
✅ And get an estimated feasibility report

These are preliminary steps you have to take, even if it’s just to ensure the viability of the project before venturing into it. You shouldn’t even think going into a huge financial impact project like this one should be carried out without a proper assessments of the basic requirements before investing.

Analyzing Financial Requirements

It will not be proper to put together all the financial requirements without a proper business plan. However, I can give you an ‘tentative’ finance requirement, which can help you see where the money is going. That would give you an idea what would required financially.

✅ Large expanse of land – minimum of 2 to 3 acres of land
✅ LPG trucks – required number would depend on the operational plan
✅ Mini LPG plants – depending on your marketing plan
✅ Site construction – planning, materials and buildings
✅ Operational fund – needed for general operation which includes stock, maintenance, managing transportation, etc.

These are just the obvious financial requirements. You also have to consider consultancy fees, DPR licensing, environmental assessment study, host community fee (where applicable), some other procurements and logistics issues, etcetera.

However, a comprehensive mini LPG depot business plan will help put all these finances into proper perspective.

Getting Financial Support

Unless you can afford to offset the huge financial requirement, you may be needing financial support. Although, it’s easier to approach the banks here but that won’t guarantee success unless you have the right people to back the project.

Another source of financing might be getting foreign investors. Since it’s an oil and gas industry, it’s much easier to convince foreign investors to partner with you. However, you will also be required to meet some conditions to get such funds.

Moreover, one sure way to pull this whole thing through is to use your connections. Even if you are not a successful businessman or know people who do, you can approach business partners with a clear cut goal and feasibility projections.

Investors, whether local or foreign would like to see the potentials of any prospect before they can part with their money. You need to put out some convincing proposals with your business plan. However, foreign investors might want to see more than just that. They are more concerned about your involvement and what you stand to lose if the business should fail in your hands.

Location Requirement & Assessment

Money maybe key to this project, but the importance of location cannot be over emphasized. You need the right location for a successful mini LPG depot. A bad location is bad for business.

So, how do you begin to ensure that you get the right location for your mini LPG depot? The first step would be to define the scope or model of your mini LPG business. Your scope is important, because it helps to define your revenue target and best model to achieving it.

Some mini depot can target just the state where it’s located, while some can go beyond one state to target multiple states. Your model should be what defines your location. Your consultant should help draft the model based on your target and financial investment.

Even the location can be defined in the model based on your target consideration and closeness to the target markets.

Distribution & Supply Requirements

Mini LPG depot is just a supply and distribution outlet for LPG products. Your only advantage is closeness to your target market. As more and more LPG plants are being setup across the country, the demand for LPG products are increasing, even so is the cost of the products and transportation.

Your business is to provide LPG products to your market faster than the main depots. Most LPG plants would take advantage of your fast supply to restock LPG. So, you have to ensure the process of distribution is made available to speed the process.

You would be needing LPG trucks for this project. The best option is buying and utilizing your own supply trucks. This concept is cheaper and easier to control. However, you can also work in partnership with independent LPG truck owners to fulfill your supply needs.

Addressing Your Target Customers Needs

You should identify your customers, know what they supply challenges are, and make provisions for the right incentives to encourage them. Whatever your business model will be, let it focus on addressing the problems of your target market. That’s the best way to win your market.

If you don’t know what the real challenges in your target market is, then don’t venture into mini LPG depot. You may think you know just by reading this article, but that’s not entirely true. This post is addressing a general market view. The actual problem in each market maybe slightly different from this.

And it’s those slight difference that makes your target market unique. Depending on the model you may decide to adopt, don’t just think the only problem your main customers (the LPG plants) has is supply challenges.

How to Fight Competition

If you think because there are no competitors in the mini LPG depot business now that it would remain so for long, wait till you see how many investors that have read through this post, and how many are already consulting with me on it.

While I may not give you information about others seeking to embark on the same project, I can help you understand how to prepare against competitors. That doesn’t mean your competitors can’t do the same. But it helps you to position your business well in your target markets before they arrive.

One of the models of mini LPG depot is to create your own network of LPG retail plants across your target markets. This gives you a huge market potential and helps you position yourself in the best location across the city or your target market.

The more retail plants you have the more customers you can reach directly. This model works best than selling to existing retail plants, who may also have other supply sources, and may shift interest at any time.

Conclusion

A mini LPG depot is one of the most successful business ideas that has come out of LPG industry. It’s like the modular refinery model. If you want to make it a huge success, it would require huge finances. But if you consider how much turnover this could generate for you, then you will agree with me that it’s worth a venture.

I have tried in my own way to give moderate estimates in terms of revenue projection. But the real revenue can only be determined by the business model and how much investment you are willing to put in.

Note that it’s not a project for Beginners. You must have access to huge financial support or know partners who can command such funding. If you are interested in embarking on this project please make sure to start first with a comprehensive business plan.

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6 Quick Steps to Start Collecting Free Cryptos On Trustwallet

Let’s make some free money. I want to show you how you can start collecting free cryptos. How much you collect will be up to you. I bet you can collect free crypto coins worth tens of millions of dollars.

But realistically, let me make it easier for you, maybe you can collect $10,000 worth of free coins in a few weeks or months. There are many coins being launched. You can’t buy them all.

In fact, many of them will fail. Some were even designed to fail – as scam to defraud investors of their money. So, it’s not all safe. That’s the more reason you shouldn’t dole out money to buy every coin that’s released these days. If you want to know more about scam free cryptos to buy, READ THIS ONE.

I want to show you how you can get these free crypto coins every time they are available. I hope you have your second trustwallet account dedicated for Airdrops. It’s always important you have a separate wallet just for collecting free crypto coins.

How Free Cryptos Works

If you are new in Crypto you might have been doubting these free crypto coins when you hear of them. You remember the old saying, nothing good comes easily. Well, I can modify it for you, anything cheap comes easily.

When companies start their Crypto coins they would need to get people to start buying it. That usually doesn’t always happen. People who buy cryptos do due diligence before they buy.

They want to know how many others have bought the coin, how many social followers they have, how trendy is the coin before they buy. Even the exchanges don’t list new coins until they have met some requirements which also includes certain number of address holders.

Crypto companies know these things too. So, at the initial stage they want to get as many people to get their coins. And it’s easier to give away free coins than advertising for people to buy.

Process Of Collecting Free Crypto Coins

The process is very simple. Hope you created the second trustwallet account as I told you. If you didn’t, create one now before you continue.

✅ Step 1: Buy BNB Smart Chain Coin

You need some BNB smart chain coin. I suggest you buy at least $10. If your funds cant get that much, just buy like $5. Although, most sellers won’t sell that low. Unless they already have it on trustwallet to sell to you. But you need BNB coin in your free coins trustwallet account.

🔹️NOTE: The reason for this coin is to enable you pay for network fees. When you claim free crypto coins, it passes through the network, and network charges apply. It’s from this coin you will pay for network fees when claiming free cryptos. Networks fees for airdrops like this is usually cheap. Some are like $0.36 or less or sometimes more. But usually below $0.50.

✅ Step 2: Start To Collect Coins

Once you have your bnb smart chain coin in your trustwallet it’s time to start collecting free cryptos. The process is very simple. Free crypto offers will provide you with the web link from where you can claim the crypto coins.

🔹️Note: This kind of free crypto is different from those Telegram Airdrops that requires you to do certain tasks

and now wait for a date for the airdrop to be sent to your wallet. Most times you don’t even get those telegram airdrops. Most of them don’t fulfill their promises.

But this method of collecting free crypto coins works instantly. You get the coin deposited into your wallet once you follow the process I’m going to outline for you below.

✅ Step 3: What You Need to Start

Let me outline what you would need to get this process now started. I will also provide you with an example you can do now and collect some free crypto coins. You will need the following:

🔹️A. Website link from the crypto company with the claim offer.
🔹️B. Information to help you add the new Crypto details into your wallet
🔹️C. Knowledge of how to add custom crypto wallet address on Trustwallet
🔹️D. And your Trustwallet account

✅ Step 4: Creating A Custom Crypto Wallet Address

Before you start creating a new custom coin, do a search to be sure it has not been added already on Trustwallet. Here’s the steps to follow to setup new coins that are not already setup on trustwallet.

In your trustwallet you have at the top of your wallet, above the account balance, five things to note.The first one from the left hand corner is

🔹️A bell image
🔹️Followed by tokens
🔹️Then finance
🔹️And collectibles
🔹️Before a unique sign

That unique sign opens to where all the coins are hidden from view. And if you scroll to the end downwards, you will see ADD CUSTOM TOKEN. This is where you get to setup the new tokens.

🔹️Select ADD CUSTOM TOKEN. and a new form box will open. You will need the following to fill the form and submit it to create a coin profile on trustwallet.

🔹️A. Network – you need to select the Network of the coin. By default it shows Ethereum. Click and select the actual network for the coin. In this case, it’s Smart Chain. So select smart chain.

🔹️B. Contract address or CAnfor short. Every coin has a contract address. That’s what makes it different from another coin. And that’s why if you send a coin it will get to the address anywhere it’s located on the internet because of the contract address.

🔹️C. Name – every coin has a name to differentiate it from others. You enter the name of the coin you want to setup.

🔹️SYMBOL – Coins are also given symbols like Naira sign or NGN that’s used for Naira for easy recognition.

🔹️Decimal – It’s a number that’s usually 0, 9, 8, 6,18 or any number. But each coin has its own decimal. You don’t just put any number you want. Find the decimal for the particular coin and add it there.

🔹️CKICK DONE – at the top of your screen. Your new coin will be setup now. Note that some new coins may already have its profile image displayed, while some don’t at the beginning stage but will have later.

✅ Step 5: Claim The Free Crypto Coins

If you have the website link for the free coins, copy it, open “DApp” on your trustwallet. DApp is a web browser on your Trustwallet. Once you open, paste the web link for the coin you copied earlier and press enter. It will open the website with instructions on how to claim the free crypto coins.

🔹️Note: make sure the coin you want to claim is already setup or exist in your Trustwallet account.

✅ Step 6: Pay Network Fee

The final step in collecting free crypto coins is paying the network fee to transfer the coins to your wallet. Note that the network icon at the top of your wallet.

Click on it to select Smart Chain. Fees goes to the platform you are using to collect the free coins. They are small fees. Once you accept to pay the fees, the coins will be deposited into your wallet.

Conclusion

Follow the examples below to setup any token wallet address that doesn’t already exist on Trustwallet. Please do what is specified in this lesson step by step. If you don’t follow it you won’t understand what to do and you will be asking unnecessary questions.

Here’s details for creating token wallet address:

🔹️A. Copy the contract address and paste it in your Trustwallet token search, and click on the Add Custom Token to create the wallet address for that token using the parameters provided for each different token. See the example below.
🔹️B. Change network to Smart Chain
🔹️C. Enter this contract address:
0x7ea2b25c1a558c6f9b4649358183152b0WRONGCA
🔹️D. Name is CRYPTO
🔹️E. SYMBOL is CRYPTO
🔹️F. DECIMAL IS 8

🔹️Note: Click DONE to setup coin. Make sure it’s not already in your Trustwallet before setting Up custom coin. If you still have unanswered questions? Let me know in the comments.

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How to Pick Scam Free Crypto Tokens to Buy

If you know how to pick scam free crypto tokens you will make it big in crypto investment. Of course there are no crystal balls to peep into that will tell you which token is be scam free and which one isn’t.

Many tokens fail within the first month of releasing them. That’s investors money going down the drain because these developers, whether prepared or not push their tokens out there and expect it to work. If it didn’t work they pull the plugs on investors and disappear.

Also, there are many scammers out there looking to exploit new investors. They can organize scam presale without any intention of starting a token project. They can also start a token project and once people have invested in it they will pull out the liquidity and shut down the token.

The question now in the lips of every crypto investor is how do I pick scam free crypto tokens to buy?

How Scam Free Crypto Tokens Work

If you can find scam free crypto tokens to buy then you should know how it actually works. A token is a version of a coin built on an existing Blockchain that belongs to another coin. So the difference between a token and a coin is that coins have their own Blockchain but tokens don’t.

So, anybody can create a token, even without any experience in Blockchain technology. However, a token is also indirectly controlled by the price of the coin on the Blockchain it’s built. Examples of Blockchain networks are Ethereum, Binance Smart Chain, Tron, etc.

But a token must first be built before it can become profitable. And there are processes it’s required to follow to achieve that. As an investor, your primary job is to find out which of the token has the potential to become profitable before you buy.

There are things you need to check when buying a crypto token.

Check The Current Price

Start with knowing the current price you are buying the token. The price of the token determines the quantity you can purchase. If it’s a new token, consider the number of zeros in front of the price. If you like buying into a coin when it’s launched newly, the more zeros in relation to the total supply the better. But if you prefer a tested project, the less zeros might be better.

When checking the price, always relate it with the total token supply, minus the burn token and the current market cap.

Check Token Total Supply

The total supply of the token has a lot to do with your decision to buy and the quantity you should be buying. The higher the volume could mean more zeros to kill off before reaching 1 dollar. So, the total Supply is an important key when deciding to buy a particular token.

One more thing you should know about token total supply is that it’s directly related to its market capitalization. If the token supply is much, it might take longer time to reach its full market cap. And that means it might take longer time for the token price to reach $1 USD.

Check Transaction Log

A transaction log keeps record of all the transaction about a particular token. It gives you the impression about the market response to the token. A token without recents transaction log can mean either it’s just launched or it has failed.

It can also give you the impression of high or low demand for the token. The last few purchases should either show recent or old. And it gives indication if the demand is constant or distant.

Check Market Cap

Market capitalization is the real value of the project. It’s also what’s used to benchmark a token again another token. Market cap means market trust on the token. It’s simply the amount of money in US dollars that investors were willing to put into the token.

It’s the amount of the token purchased in monetary value. The market cap can increase as more investors buy into the token, or decrease as investors sell their investment in the token.

Buying at a lower market cap may be a good time to invest into any token, especially if that token is newly launched. It gives you enough potential to benefit from the token more than those coming in later at a higher market cap.

Check Liquidity Level

The liquidity of a token is your door to exiting the project at any time if you ever got in. Liquidity means the amount of cash available in the token pool that anyone can exchange for the token if he or she chooses to sell their tokens.

Liquidity is your exist door. If you are going to take some investment risk, it’s proper to check if theirs a way out. Where there’s no liquidity or even adequate liquidity, you should be careful with such investment.

Another thing to check about liquidity is how the liquidity is added. Does the token have auto liquidity pool? How much of the liquidity in percentage of the amount already invested in the project?

Check Rug Pull Feature

Rug pull is a form of crypto scam. Although, not all rug pulls are scam. Some are actually token failure. The real idea of a rug pull is when developers take out the token liquidity, making it impossible for investors to cash out, which makes the tokens worthless.

A failed token project also makes the tokens worthless. However, whether failed token or a result of rug pull scam, they both face similar problems, liquidity drain.

One way to ensure the token is not going to be rug pull is to check ownership control, if ownership control is renounced or not. A smart contract creates room for community control and limiting the control of the developers to what they can change and not change.

Check All Time High (ATH)

All time high or ATH is the highest price the token has ever attained. It’s important to know what the token has been able to achieve before buying into it. Especially if it’s not a new token. That would help give you understand the potential or possible failure.

All Time High (ATH) means the token has attained a higher price in the market than it’s currently being sold. Most investors consider ATH as an important indicator for picking a profitable token to buy.

Another very good benefit of checking the All Time High (ATH) of a token before buying it, is to help you understand how low or high in the price chain you want to get into the project.

Check Active Marketing Plan

Marketing plan is important to an overall success of the token. Apart from reading a detailed road map on the token website, what have they been doing to grow the token. Tokens with better marketing plan tends to do better than those without one.

I stopped buying older token because they really don’t have marketing plan behind them. The initial idea of crypto project is community driven mindset. But that’s not working much nowadays. Like the saying, if you want something done, you have to do it yourself.

If a token doesn’t have better marketing plan, it will grow dull and die. There are many new tokens coming out like everyday. And I have also observed that new tokens with good marketing plan grow faster and hit higher market cap than those without a proper marketing plan.

Check The Tokenomics

This gives you an idea how the token works in terms of who gets what, what goes where, and why. You need to read the tokenomics of any project before investing your money. Key things to find here are:

  • Total token supply
  • Number or percentage of burned or to be burned token
  • Percentage of transaction tax
  • Holders reflections
  • Liquidity pool supply
  • Percentage for Charity work
  • Marketing budget
  • Developers token

A good project should have some key tokenomics in place, like:

  • Good Percentage of transaction tax for liquidity pool
  • Good Percentage for marketing efforts
  • Good percentage of planned burn or auto burn mechanism

Note that most burn at the initial stage only makes it higher for investors to get into the project. And really doesn’t help the price from an investment perspective. Although it makes it easier to attain the full market cap. But burning when the project is at a peak pushes the price way up and builds new level of confidence.

But developers shy away from burning when the project is at the peak because burning early at the start gives them more money, and burning during peak gives more money to the Investors.

Check For Community Activity

Most importantly, before buying a token, to check for its community activities on social media platforms. Search for all the platforms where it has presence and check for user activities. The more activities on a platform the better for the project.

Token is a community driven project. The presence of a community works magic on new investors. Even though you can allocate huge amount for marketing, drive more of your marketing through the community.

The more people talking about the token would attract even more people to buy into the token. Do everything possible to have a vibrant community. Number is important but don’t neglect activities. It’s the fuel that drives the engine.

That means you should equally have more moderators and assign roles to them or what areas of enquiries they should handle. However, as an investor, a token that doesn’t have community activities is not the right place to invest your money.

Check For Audits & Exchange Listings

How secured the project is should be another checklist you need to verify. Have they been certify by any organization responsible in verifying crypto projects? Owners control or control renounced? What are they saying about their certification? Do they have any exchange listing currently or they are in view?

Techrate and Certik are two popular certification companies in the crypto world. You need to know if the token has been certified by any or both or even any other company. Check what they have been certified for.

Another thing to check is listing on exchanges. When a shitcoin is listed on exchanges is proof that it has been verified by other reputable crypto organization as well. But most of exchange listing happens after the token has been launched and probably garnered certain number of holders.

However, you can check their exchange listing plans and see if they are making moves to get listed or they simply ignored that part. You can also see in their white paper their road map to know when they want to get listed on exchanges and what target exchanges they have planned out.

Check For Presence Of Whales

One of the major cancerous problems with shitcoins growth is the huge presence of whales. This same problem is also a blessing to young tokens in disguise. The absence of whales in any newly launched token could dull the entire project and dissuade potential investors.

The whales put in large monies into newly launched tokens. Something that small investors wouldn’t dare to do. They also help to create the first impression about the new token, helping it drive its market cap in record time.

But the modus operandi of whales is what makes investors disdain them. They pump in more money to shore up the market cap, and help bring in more new investors, but as soon as the price starts adding up they would also pull out their investment with such force that sends the token crashing.

You should check for the presence of whales. Too much of whales in a token is dangerous to the project. You have to check the list of highest holding accounts. Any account from 2% above could be Whale account. If there are many of such accounts in that project be careful how you invest.

Conclusion

Crypto market is volatile, but that’s not all the problems with the market. There are scammers, whales, failed projects and so on. If you have to navigate your way, you need to know what to look out for when you want to buy tokens that can give returns on your investment.

Although there’s nothing general wrong about whales. But the havoc they can wreck to a token could be devastating. Their modus operandi is what makes them deadly. But every token really needs the presence of whales at the initial stage to build momentum and attracts small investors who are hoping to also take in profits from their small investments.

Finally, always do your own research (DYOR) before investing in any new token.

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Crypto Investment – Newbie Guide for 2021

If you are still confused about Crypto investment, let me simplify it for you. It’s like buying stocks. How many of you have bought shares of a company before? You probably didn’t even know much about trading stocks, yet you bought stocks.

Someone helped you to buy it. Someone can also help you to buy your first cryptos or even be buying for you all the time. It’s your choice. But this group is to help you learn the basics so that you can handle most of your Crypto investments yourself.

“I have a group on WhatsApp where I explain crypto investment to newbies. Your an Join this group and have the opportunity to learn. WhatsApp have limited number of contacts that can be in a group. So, hurry to join now before it’s full.

Click this link to join my WhatsApp group 

What’s Crypto Investment?

Investors buy crypto coins or tokens to hold till the value appreciates and they sell it for profit. Some stake their cryptos or loan it through exchanges for an annual percentage return. These activities doesn’t require a daily routine like crypto trading.

At a while or at maturity, the coins or tokens can be exchanged back to stable currencies like Naira and dollar.

Cryptocurrency can be a good investment if you follow the right strategies for investment, which includes having a better understanding the crypto market. You cannot afford to start crypto investment without knowing the basics of crypto business. At this early stage of crypto market, it’s a highly profitable investment, with a long term assessment.

If you are hoping to invest now and reap it the next day you would be wrong. The shortest possible time to expect any reasonable return on your crypto investment is between 12 months and 5 years.

Crypto Investment Versus Trading

There’s difference between crypto investment and crypto trading. Although, what’s more popular and mostly advertised is crypto trading. Not much is explained about crypto investment.

Trading involves the pair for two crypto currencies or with an asset. Wikipedia summaries crypto trading as Cryptocurrency exchange that allows customers to trade cryptocurrencies for other assets. The purpose is to make quick gains, daily or depending on the duration of a trade. But in crypto investment you are not exchanging the currency for quick gain but for a long term return.

Buy to Hold Strategy

The best strategy for a newbie in Crypto is to buy and hold. This strategy doesn’t require any experience, and you can start immediately. You simply buy cryptos of your choice and hold them till when it appreciates and you sell them for profit. With as low as N1,000 you can start buying cryptos.

But for a newbie that may not be easier for you but have in mind that at least N5,000 can get you some coins. But on a professional note, I would recommend starting with between N30,000 to N100,000. Your an buy more as later too. Never stop buying. Well, as you learn more you can buy very cheaper when the coin is very new, like days or weeks old.

How to Buy And Hold

You can buy cryptos yourself. There are many crypto wallets you can use. In the last lesson I mentioned Trustwallet, Binance, Roqqu, Remitano and Crypto.com. There are so many other wallets. You will get to know more as you grow in the business.

To start buying, you learn of cryptos that are selling to buy. The wallets have features to help you buy them. You can also request the assistance of someone else who has been buying to help out for a start.

What to Buy And Hold

There are many Cryptocurrency coins available now. The most popular once are Bitcoin, Ethereum, ripples and the likes. But there are so many unpopular once. In fact, some cryptos just launched and some are yet to launch. What to buy is never in lack.

However, for a newbie focus on new coins. New coins are cheaper and has the potential to make you money as the price rises. You can purchase millions or billions of new coins at cheaper prices.

Where to Buy And Hold

New coins or shitcoins, as they are mostly referred cannot be bought from every wallet. There are different process of getting shit coins before they listed on major crypto exchanges. The number one place to buy shitcoins is TRUSTWALLET. You see why I said you should download trustwallet.

There are others but this one is very okay and simple to use. I will put a simple guide on how to download and activate trustwallet this evening for those who may issues with the process.

When to Sell Your Crypto Hold

If you are going to buy shitcoins, it’s better to buy them early. Most of these coins are released at $0.00000003, making them so cheap to buy. However, buying from Nigeria is a bit more ‘costlier’ since you can’t buy directly from your ATM card or bank. However, buying at any price around $0.000009 is still good if the coin is doing well in the market. But that would require more capital investment if you want to buy volumes.

So, if you bought at a good price, it’s upto you to decide at what price is good for you to sell. I always buy with projections. Like, if I’m buying a million coin, I’m thinking when can I be able to sell this coin. In 3 months, 6 months or 12 months? Then, I mark my selling price, either at N1 per coin or N10 or N100 or even $1 per coin. I can even mark it lower than N0.1. It depends on my coin volume.

Where to Sell Your Crypto Hold

While this maybe something you would require later but it’s also important we discuss it now. It’s a lot challenging to sell coins in Nigeria if you are just starting out. You know there’s a ban on banks by the government that stopped them from supporting Crypto trades. So selling your Crypto won’t be easy but it’s not impossible. Later, things would change but we have person-to-person (peer to peer) trading on most of the major exchanges like Binance and Remitano.

Finally, you have to make a choice to start today. If you want to buy yourself, go ahead and give it a try. If you need someone to help you out, go for it. I want to see those who are serious and would buy some coins today.

How Much It Cost to Buy Cryptos In Nigeria

Let’s analyze the cost implications of buying shitcoins in Nigeria. For most people they may feel cheated when they buy from a vendor. Yes, I felt that way in my first Crypto investment because someone helped me to buy it.

I didn’t wait till when I have known it all myself. I knew that crypto prices increased every second. I wanted in immediately. So, I used my mentor to buy my first cryptos. Although, I got some high figures, their dollar equivalent didn’t match with what I paid. At one transaction I queried him.

I felt cheated and decided to learn what he knows. I wanted to save cost for myself. However, I also faced some stack realities of what he was facing too. Although, you cannot compare the cost of buying it yourself to someone buying it for you. I will show you the difference in it.

Shitcoins Have Challenges

Shitcoins are cheap if you buy them early. But there are transaction costs as well. Sometimes the transaction cost are higher than the cost of the coins you are buying. Imagine buying a $10 coin and paying $9.80 as network fee.

That’s even the lesser challenge with shitcoins. Network fees can even be more if you are using Ethereum Network. If you don’t understand these you might pay higher than you could have paid. If you are buying it yourself, it could be a mistake you make if you don’t know about it.

When it comes to buying shitcoins, most of them ask for higher gas fees. Imagine paying over 30% of the volume of the coins you are buying as GAS FEE. Yes, in Crypto investment you pay gas fee, and it’s the major charge when buying or selling shitcoins.

The real cost issue with buying shitcoins in Nigeria is that we have little options of payment. With banks banned by government from supporting Crypto purchased, you can’t buy cryptos with your ATM card. You are not even allowed to do Crypto transactions with the bank.

So, be careful with what you do when buying Crypto, so you don’t put yourself into trouble. That’s why you need to learn first and understand many things before you start your crypto investment.

Where to Buy Crypto Yourself

Okay, it’s time to talk about do it yourself Crypto buying option. You need to know how to buy cryptos yourself. It’s nothing difficult but you will need some guide. There are also videos that can help you.

I will advice you decide first Crypto websites or apps you are going to use then learn how to use that website or app. Although, in Crypto you may need to use multiple sites and apps to operate your Crypto investment.

Your first step would be to signup to some of these websites and apps. I recommend you first register on the websites, then download the apps to use . Unless the site only has app.

Here are my selected websites and apps where you can buy cryptos in Nigeria. Note that each site or app may have certain advantages you may need. So, I recommend that you register in multiple Crypto Exchange sites. I’m registered in all the wishes I’m sharing with you here.

Trustwallet

This one is a must have. It’s just an app, and it doesn’t have a website. You can download the app on google play store or IOS store. If you are going to be in eating in new and unlisted coins you will need trustwallet.

Binanca Exchange

This one is another must have. It has both website and app. I buy most of my cryptos here. It offers Nigerians peer to peer (PP) transaction, where you can buy coins from sellers in Nigeria. Since Nigerian ATM is banned in Crypto sites, we only use (PP) transactions to purchase coins online.

Here’s the link to register for an account on this site:

Binance website link

Remitano Wallet

It’s also one account that works for Nigerians. The company is based in South Africa. One of their main market is Nigeria. So, you will be okay doing business on this platform.

Here the link to register on the Remitano site:

Remitano website link

Roqqu Wallet

It’s purely a Nigerian exchange. It as working fine before the government ban. They are trying to revive it back. It depended solely on the bank transactions and it was the best because you can easily cash out into your Nigerian bank account. They are coming back strong, so you should also get an account here.

Here the link to register on the Roqqu site:

Roqqu website link

These platforms are good for you to start. I advice that you register on these platforms today. Don’t leave for next time. If you are serious about investing in Crypto, one this you shouldn’t do is procrastinate.

Join A Crypto Group

You need to join a Crypto group to learn even more. I have a Crypto WhatsApp Group your an Join to learn more for free. Follow this link to join my WhatsApp group: 

How To Get FREE Cryptos

In the world of cryptos you can enjoy a lot of freebies. It’s only in cryptos that give aways are real. Few days ago, I woke up to 1 billion FREE coin. It may not worth anything today, but it might worth so much in the future. When Bitcoin and Ethereum started they were first giving away to people. Those free coins made so many millionaires.

My special give away was meant to help you learn and prepare you for the lessons I’m about to share with you this week. Using wallets like Trustwallet and their likes requires you know how to activate coins, buy coins through pancakeswap and swap 1 coin for another coin. If you are not following the give away, even if you don’t submit an entry, do the assignment. It’s to help you learn.

Welcome to this special lesson where I will teach you how free crypto coins work. In fact, starting from today I will be sharing opportunities to get free coins. It will be a huge bonus for joining this group. But first, let me explain how it works.

Types of Free Coin Drops

There are two types of free coin drops. There are Airdrops and Selfdrops. These are give aways from either yet to be launched cryptos or already existing ones that doesn’t have lots of holders yet.

The deferred ones are usually free, while the instant ones would cost you some tinny Network transfer fee.

Each one takes different process as well. The Airdrops requires you to do some tasks and get listed to receive the free coins at a certain date set by the crypto company. But the Selfdrops not so free instant one, which require you pay Network fee to receive it instantly, doesn’t require any task from you.

How Much FREE Coins Do You Get

If you are new in Crypto world you might be scared by the figures being mentioned – millions, billions, trillions, quadrillion, etc. I got 1 billion free coins recently. In fact, I could get up to 10 billion free if I wanted. Instead, I chose to buy 250 billion of the coin.

There’s no limit to how much coins you can get for free. There are many free coins flying around in the crypto world. Once a new Crypto is coming out, many of them do free give aways to get lots of attention and grow their holders address.

In the WhatsApp group, I will be posting many of them for you. Below are some of the recent free coins you can take advantage of now. That’s why I asked you to get *TRUSTWALLET*. If you have your wallet downloaded, now is the time to use it to get free coins.

However, you need to have a different wallet for airdrops than for your paid coins. Don’t wait to find out why. Just do as I said.

NOTE – Airdrops are also risky. It can help hackers have access to your account. That’s why you don’t just go for every airdrop you see. If you are new follow the advice of someone who knows better than you.

Click this link to join my WhatsApp group:

How To Download & Activate TrustWallet

If you have not downloaded TRUST WALLET here’s what to do now. You need an android phone with an internet.

Step 1: Go to Google play store
Step2: Search for Trustwallet (the image should look like this)
Step 3: install
Step 4: Open
Step 5: read and follow the instructions in the app to activate it

Note: It doesn’t require password or email. But it gives you some keyword phrase. Keep those keyword phrase secured. It’s your only password to access the wallet when you download into another phone or need to recover your wallet.

How to Create A Second TRUSTWALLET Account

It simple to have a second wallet inside your existing trustwallet. That’s why your wallet has name. The name is to help you differentiate one wallet from another. Now that you have named your first wallet, it’s time to create a second one and name it as well.

To start, click on SETTING at the bottom right corner of your Trustwallet. As it opens, click on Wallet and click on the PLUS + sign at the top right corner of the screen. And it will open for you to start creating a new wallet as you did the first time. Remember to also save the 12 keyword seeds. It’s a separate account. But it works together in the same app.

Steps To Buy Coins With Trustwallet

We have talked about Airdrops. You need it. It’s not every coin you should buy. More than 50 percent of the coins out there will fail. That means you will lose your money in them. Buying coins it not 100% secured investment. There are risks too. So, you need to find ways to get some for free. Like I advised, create a separate wallet for your free coins.

However, today we will be looking at how to buy shitcoins. In this case, I’m only going to address buying it from trustwallet. I hope you have downloaded trustwallet. I will advice that you also practice buying it yourself.

Here are the easy steps to follow:

✅Step 1: Download the App TRUSTWALLET and setup your wallet
✅Step 2: Purchase BNB or BSC (Binance Smart Chain)
✅Step 3: Go to DApps tab in your Trustwallet and click on PancakeSwap
✅Step 4: Change the network logo from Ethereum to Smart Chain
✅Step 5: Connect your Trustwallet to PancakeSwap
✅Step 6: Click select a currency and enter the contract address into the search box for the shitcoin you want to buy and select the coin when it’s displayed.
✅Step 7: Before swapping, click on the wheel (cog) and set slippage to the right percentage for the shitcoin.
✅Step 8: Set the amount of BNB you want to spend for the shitcoin and press the PancakeSwap button.
✅Step 9: Confirm the transaction is correct and click continue.
✅Step 10: Verify the network fee amount and total amount you are paying for the shitcoin and Confirm Transaction.

Conclusion

Starting out in crypto as a newbie may be a little confusing trying to understand how the whole process work. It’s usually easier to buy the major crypto coins, but not so easy when you have to deal with shitcoins.

But your success as a newbie starts with understanding shitcoins. Unless you have money to invest in major coins like Bitcoin and Ethereum, your starting point is with shitcoins.

Click this link to join my WhatsApp group:

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How to Easily Multiply Cryptocurrency In 2021

Nigeria is no doubt the current leader of global Cryptocurrency trade – Bitcoin to be precise. According to Statista 2020 report, 32% of Nigerians are involved in Cryptocurrency trade, which makes it the highest number from any country. But when it comes to volume of transaction, Nigeria comes behind United States.

Moreover, the Cryptocurrency market is exploding in prices. The demand and relevance of digital currencies are gaining momentum even from irrelevant quarters. It’s no longer news that Tesla CEO, Elon Musk even added $1.5 billion in Bitcoin to its balance sheet.

And there are even speculations that Bitcoin might hit the $100,000 in value soon. Whether that would happen soon or not it’s not even the reason for this post. There’s huge potential with cryptocurrencies that should get everyone’s attention now.

If you haven’t gotten yourself a Crypto wallet, now is the time to do so fast. Those who bought into this currency when it was still unknown have become millionaires, if not billionaires, without much effort. And there’s still more room for new millionaires from Crypto world.

What’s Blockchain?

The first thing to understand about Cryptocurrency is the technology in which it’s built – called Blockchain. This technology works as an open distributed ledger that records the transactions between two parties. It’s done efficiently, in a verifiable way that makes it permanent, and is resistant to any modification of the data.

That means it doesn’t require a middle person, doesn’t need the banks to verify transactions as well.

It’s not like the current monetary system that’s reserved in the banks, backed by governments. Which requires you to have an ATM, or a connection to the bank to transfer money to other people. That monetary system involves middle person – which is the bank. But Blockchain does require any intermediary.

What’s Cryptocurrency?

What properly defines Cryptocurrency is that it’s MONEY. But digital money. It’s one currency that’s not managed or controlled by any governments or world power.

Even the identity of the creator of Bitcoin, Satoshi Nakamoto, which happens to be the first Crypto, is still a mystery. That has not changed the fact that cryptocurrencies have taken their rightful place in the market of currencies.

So, Cryptocurrency is a form of currency available only in digital or electronic form, not in any physical form. It’s also referred as the following:

  • Digital money
  • Electronic money
  • Electronic currency
  • Cyber cash

Cryptocurrencies are only transacted on Blockchain technology. Normally payments in this way are instantaneous.

How Cryptocurrency Work

It’s a way to store and exchange value. And about exchanging values, it doesn’t follow traditional and bank payment methods, which often aligns it with the term ‘dark web’. A term used to describe internet activities that’s not within the purview of government scrutiny and judicial control.

However, Cryptocurrency relies on a technology called “Blockchain” – its function is to share transactional database, with its entires which must be confirmed and encrypted.

Now cryptos are used in paying for goods and services. But much of its relevance is in the speculative trade transaction, which is currently driving the prices off the roof.

Benefits of Digital Currency

There are lots of benefits of Cryptocurrency. Here are just the few important ones:

  • Reduces corruption – as one entity do not have control
  • Eliminates extreme government money printing
  • You control your money instead of giving away your control
  • It cuts out the middle person who always takes a cut
  • And serves the people who don’t have access to the banks

Different Types Of Cryptocurrencies

There are 3 types of cryptos. Here is the list below:

  1. Bitcoin
  2. Altcoins
  3. Tokens

What’s Bitcoin?

Let me summarize the whole concept of Bitcoin for you. Bitcoin is a digital currency that was invented without links to government or any country’s central bank. That means, it’s neither regulated by the government nor the banks.

According to reports, it was invented in 2008 by an unknown person, who goes by an imaginary name ‘Satoshi Nakamoto’. However, the currency came into use in 2009 through a digital app.

How Bitcoin Works

The way to understand Bitcoin better is to related it to a computer file that’s stored in a digital wallet app. Anyone can send Bitcoin to your digital wallet, and you too can send to other people.

Furthermore, bitcoins are generated by competitive and decentralized process called “mining”. Bitcoin mining is done by the individuals, who in return are rewarded by the network for their services. These Bitcoin miners receives bitcoins as a reward for completing ‘blocks’ of verified transactions , which are then added to the Blockchain.

In recent times, the prices of Bitcoin are going so high. Some speculate that since there are only 21 million bitcoins in total, there will be less circulation of the currency. And as more people become aware of the scarcity, demand rises, it’s resulting in a higher price.

Also, as many companies and some government agencies buy Bitcoin that shows a high level of confidence, which pushes the appreciation up and it makes Bitcoin more desirable. Bitcoin popularity is making investors believe there’s further upside.

What’s Altcoin?

If you have been involved in cryptos you may have heard about altcoin – alternative cryptocurrencies that got launched after Bitcoin achieved success. The number of altcoins are growing everyday.

Even within Bitcoin Blockchain, altcoins have emerged. The likes of Bitcoin cash, Bitcoin classic, etcetera. Here are some list of altcoins currently in use.

  • Etherium
  • Ripples
  • Dash
  • Dogecoin
  • Litecoin
  • Polkadot
  • Tether
  • Cardano
  • Filecoin
  • Tron/TRX

And many others still coming out till date. While there will only be one Bitcoin, there’s going to be endless versions of altcoins.

What’s Token?

Tokens are a type of cryptocurrency. They represent asset or used for specific needs.

Crypto tokens are created, distributed or sold, and circulated through the standard initial coin offering (ICO) process that involves a crowdfunding exercise usually meant to fund project development.

Crypto tokens or crypto assets, are special kinds of virtual currency tokens that are built on their own blockchains and represent an asset or utility. They are mostly used as fundraise for crowd sales. They can also be used as a substitute for other things.

In an example, one can have a crypto token that represents a particular number of customer loyalty points on a blockchain. And that is used to manage such details for a retail chain.

What’s Cryptocurrency Used For?

One of the challenges some have with Cryptocurrency is they can’t understand what it’s used for. They have argued that, it cannot be used primarily as a means of exchange in a real world, considering the price.

Gold is not even a currency but it’s a medium of exchange. Cryptocurrency is serving its purpose as a medium of exchange, in a much better way – making many rich.

Moreover, Crypto trading is a trending business, growing to equal or surpass Forex trading. If that’s the only use for cryptocurrencies that would have been awesome.

Top Cryptocurrencies In Nigeria

If you are new in Crypto business, you would like to know what other Nigerian Crypto investors are buying and why. It’s not like their choice is the best. But if those who got into the bushes before you are buying certain cryptos it’s a sign that they could be good for you as well.

However, you need to know the motivation behind these choice. Most Nigerian got into crypto simply for profit. So, their first motivation is how much they can make from any Cryptocurrency. If you have the same motivation, then you have consider what they are buying.

In the recent Central Bank of Nigeria (CBN) ban on cryptocurrencies, three of the cryptos that were continuously referenced are Bitcoin, Etherium and Dogecoin. But that’s not the only cryptos Nigerians buy. See a few list below:

  • Bitcoin
  • Etherium
  • Dogecoin
  • Bitcoin cash
  • Ripples
  • Litecoin
  • Dash
  • Tron/TRX
  • Zugacoin

These list represents the most traded cryptos in Nigeria. Bitcoin and Etherium are top cryptos globally. Anyone would understand the reason they are top buy for Nigerians. But the love for Dogecoin is still a speculative investment. However, this coin is fighting to gain relevance.

You may be reading about Zugacoin for the first time here. Yes, zugacoin is a Nigerian Coin. I believe in visions and I know that if this coin didn’t become popular elsewhere it will be in Nigeria and Africa. Already there are insinuations that the biggest African car manufacturing company Innosson Motors has partnered to accept Zugacoin for payment for its cars.

What’s Etherium?

Etherium was built to help developers build apps for Etherium Blockchain. The transaction time on Etherium is also faster, within seconds. It also has more coins than Bitcoin – with a current number of 100 million ether coins. And more can be created.

What’s Bitcoin Cash?

Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin, designed to be transactional Cryptocurrency that functions as a peer to peer electronic cash payment system.

What’s Ripple?

Ripples is the bankers coin. It’s centralized, unlike other Blockchain coins that are decentralized. With global banks involved, it’s also under government control. It’s also an alternative to fiat currency. It has the potential to become acceptable to most countries government and even widespread.

What’s Litecoin?

Litecoin came from the same Blockchain as Bitcoin. They are both similar but with different features – an improvement on Bitcoin, for speed and cheaper transaction. It takes just seconds to process, and much cheaper for micro transactions.

What’s Dogecoin?

Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.

What’s Crypto Wallet?

A cryptocurrency wallet is a device, some are physical medium, program or an app service which stores the public and/or private keys for cryptocurrency transactions. Apart from iIt’s basic function of storing the keys, a cryptocurrency wallet also offers the functionality of encrypting and signing information.

So, with cryptocurrency wallet, users can store and retrieve their digital assets. In an example, a user who acquires Crypto such as Bitcoin can store it in a wallet, and can from the wallet use it to make transactions.

Best Bitcoin Wallets for Nigerians

  • Exodus is good Best for Beginners.
  • Electrum is good for more advanced user interested in only Bitcoin
  • Mycelium is best for mobile users.
  • Ledger Nano X is a hardware wallet
  • Trezor Model T is best for storing large number of Cryptocurrencies
  • Ledger Nano S hardware wallet is a cheaper option

Crypto Exchanges for Nigerians

Crypto Exchanges are not the same as crypto wallets. You have to know the difference. In Nigeria, not all crypto exchanges accept transactions from Nigerians. For example, Coinbase don’t accept users from Nigeria. It’s not just Voinbase, some other exchanges don’t accept users from Nigeria. Below are some tested exchanges where you can register to buy and sell cryptocurrencies from Nigeria.

Binance Crypto Exchange & App

Binance is number Crypto exchange in the world. One it’s major users are Nigerians. The beauty of Binance is that you can buy crypto in naira and pay directly from your bank account. And you can also withdraw your Crypto sales into your naira bank account.

My Assessment Of Binance
  • Binance is a good crypto Wallet for Nigerians
  • You can easily buy Crypto directly from your bank account
  • It’s also easy to withdraw your Crypto in naira equivalent into bank account
  • You can also buy or sell Crypto with their peer to peer transaction feature
  • However,its withdrawal charge is around 0.005 or $27 per Bitcoin transaction.

Signup for Binance account here.

Remitano Crypto Exchange & App

Reminato is also a popular Crypto platform among Nigerians. Although the company is based in South Africa, but its main African market is Nigeria.

My Assessment Of Remitano
  • Remitano is a good crypto Wallet for Nigerians
  • You can easily buy Crypto directly from your bank account
  • It’s also easy to withdraw your Crypto in naira equivalent into bank account
  • You can also buy or sell Crypto with their peer to peer transaction feature

Signup for Remitano account here.

Roqqu Crypto Exchange & App

Roqqu is made for Nigerians. It’s target market is Nigeria. Although, it’s not the only Wallet that serves Nigerians, but I have so many reasons to endorse this particular Wallet above the others. Here are my key reasons, and if you feel they are good you can also sign up with Roqqu using the link below.

My Assessment Of Roqqu
  • Roqqu is a good crypto Wallet for Nigerians
  • You can easily buy Crypto directly from your bank account
  • It’s also easy to withdraw your Crypto in naira equivalent into bank account
  • You can also buy or sell Crypto with their peer to peer transaction feature
  • It charges one of the lowest transaction fee, as low as 2%

Signup for Roqqu account here.

How to Buy Cryptocurrency

Once you have created a Crypto Wallet, you can start buying Cryptocurrency immediately. Although, you may need to verify your account. Some wallets would request for your government ID, bank verification number, and may even take your selfie.

And with your bank account you can buy your first Cryptocurrency from any of these crypto exchanges like Binance, Remitano or Roqqu in Nigeria.

How to Sell Cryptocurrency

Also, when you want to sell your cryptos, it’s also that simple. Most exchange use peer to peer for Nigerians. The beauty of using P2P is that everything is simplified and paid into yôur bank account. It’s as easy as clicking on withdraw, enter the amount you want to withdraw, and it’s quickly deposited into your local bank account in naira.

What is Cryptocurrency Trading?

Crypto trading is the buying and selling of cryptocurrencies or exchanging of one crypto for another crypto assets or coins. The idea is to buy at a low price and sell at a high margin.

There are different types of crypto trading strategy you can explore:

  1. Day trading
  2. Swing trading
  3. Scalping
  4. Position trading

Day Trading:

This is the most popular trading style. Day trading,as its name implies, is the method of buying and selling crypto with in the same day.

Position Trading:

This is to buy and hold strategy. This strategy is suitable for beginners. However,when it’s done by an advanced trader, it can be a form of active trading.

Position trading uses longer term charts, anywhere from daily to weekly to monthly in combination with other methods to determine the trend of the current market direction.

This type of trading may last for several days to several weeks and sometimes longer, depending on the trend.

Swing Trading

Swing traders get in the game when a trend breaks. At the end of the trend, there is usually some price volatility as the new trend tries to establish itself. Swing trades are usually held for more than a day but for a short time than position traders.

Scalping

Scalping is one of the quickest strategies employed by active traders. It includes exploiting various price gaps caused by bid-ask spread order flows.

The strategy generally works by making the spread or buying at the bid price and selling at the ask price to receive the difference between the two price points. Scalpers attempts to hold their positions for a short period.

Crypto Trading Technique

If you want to start trading cryptos, then you need to figure out what type of trader you want to be. You should know the technique you will be using. It’s important for every trader to have their own trading technique that works for them.

Here are two main trading techniques:

  1. Fundamental analysis
  2. Technical analysis

You can use any of the techniques or both.

Crypto Trading Strategies

A trading strategy is a trading fixed plan designed to achieve a profitable return, either going long or short in Crypto market. There are four different types of trading strategy. You will need to decide the method you want to use.

However, for every trading strategy you need to define the crypto to trade, your entry and exit points, and apply your money management rules. A bad money management can make a potentially profitable strategy unprofitable.

Here’s how to formulate a trading game plan? You do it on paper before going into the market. This is where a lot of traders fail.

Types of Crypto Trading Analysis

After figuring out the kind of trade that you want to be the next thing you need to put in mind is type of analysis you’ll be using for your trade. We have to type of analysis and they are

Fundamental Analysis

This is a method of measuring a coins intrinsic value by examining related economic and financial factor.the end goal is to arrive at a number that an investor can compare with the coins current price in order to see if the coin is undervalue or overvalued.

Technical Analysis

Technical analysis is just the discipline that is used to evaluate crypto investment, and to identify trading opportunities by analysing statistical trends gathered from trading activities. Here are the activities that are analyzed, price movements, trade volume, moving average, time frame and etcetera.

Analyzing Coins

You must also know how to be able to analyse a coin, to know the ones that have great potentials for trade; by checking their market capital value, the volume of the coin, the most use of the coin, the team behind the coin, the technology behind the coin and how the coin is currently in demand.

Risk Management

You need to know how to minimise your risk. Crypto trading is risky and the market is volatile. But by setting stop loss, having a plan and sticking to the plan, without allowing greed to control your trading, you will bulletproof your investment from unnecessary losses.

Diversify Your Portfolio

Have a diversified portfolio. Don’t put all your money in one coin. Spread your money in different coins. Even if you have love in one coin, you can also gain in other coins to help cover the loss from one coin.

How to Earn Free Bitcoins

Okay, bitcoin prices are high, I get that. But how about getting some Bitcoin pennies on a daily basis. The small amount of crypto you get daily may not be really much, but over time it can accumulate to something.

There are several ways one can earn bitcoins for free. Here are some possible options:

  • How To Get Free Bitcoins With These 5 Methods
  • Join affiliate programs and earn free bitcoins
  • Download CryptoTab and earn free bitcoins from browsing
  • You can start mining Crypto to earn Bitcoin
  • Earn free Bitcoin from taking surveys
  • Earn free Bitcoin with a Crypto interest account
  • Get free 5,000 altcoins (TRON/TRX) and convert to Bitcoin

Conclusion

In Nigeria, cryptocurrencies are the focus of most startup investors. With as little as N1,000 you can start trading cryptocurrencies. There’s no limitation to what you can achieve with cryptos.

The nature of crypto coins makes it easier to acquire and multiply. Sometimes you could find free coins online. Some other time it could be available to purchase at a very ridiculous rate.

Start your plan to acquire Crypto coins now, even if their current value is anything much. That was how Bitcoin started in 2009, and today its the most valuable currency in the world.

The whole idea here is to help you get started with cryptocurrencies. That’s why I added several links to different sites and applications involved in crypt business. Take your time to click on the links to review the sites behind them. Some of them might be very helpful to you.

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How To Create The Perfect Residual Income

If you live in a harsh economic environment like Nigeria, where monthly minimum wage is N30,000 or almost equivalent of $50 (by the time this present exchange rate hits N600 to $1), you really need a residual income. How can you live on such meager income for a whole month, when some people are earning over $50 on residual income daily?

Let me compare your $50 monthly minimum wage to a residual income of $50 per day. That’s $1,500 or N750,000 on an exchange rate of N500 to $1. Don’t ask me why I’m using non official exchange rates. If you must know, much of what happens online in Nigeria is through unofficial transactions in dollar currency.

Nigerians are in control of their online activities, that’s why the government is trying at every point to frustrate the online community in Nigeria. So, it’s either you are building a residual income to take care of your regular expenditures, or you are building income for your retirement.

In this post, I’m exploring the world of residual income. Although, I will be drifting more into online income opportunities. Because that’s where everyone can play equally now.

What’s Residual Income?

If you work in the next 20 years, what’s going to be your income in 20 years? How much of your time and resources would that have cost you? Your income from work is only commiserate to the time and energy you put into the work.

That’s what I call “manpower” income. Laughing out loud! But how else can it be described than by what it is. However, when you practically do nothing, or little at the inception and then let that initial effort or input work for you continually, you have created an income that’s residual in nature.

This kind of income continues to come in even after you have completed the work that’s producing the income. And every Nigerian needs this kind of income.

How Residual Income Works

When it comes to residual income, two things are at play – how much you want to earn and how much you have to invest to earn it. Since I’m considering mostly online investment programs, the only factor that’s in consideration here is – profit percentage accruable from your investment.

The best way to understand residual income is to consider any of its examples. Take for instant residual income from intellectual properties like books, music, videos, etcetera. You write the book once, or the music or video is only done once, but you keep earning from those materials over a long period of time.

As long as their are people willing to pay for any of those works, you keep earning residual income from that one-time effort. If you are thinking, what if I can’t write a book, or produce music or videos? Like I mentioned, those are just examples. There are many other ways to earn residual income, even if you don’t have any skill.

Investment Opportunities And Risk Assessment

Online residual income opportunities has flooded the internet since after COVID19 lockdowns. More and more people are looking for residual income to argument for the low income effects from the pandemic.

There are so many of these income opportunities right now on the internet, and most of them are actually scam. So, you have to be careful. Moreover, even when such opportunity is not really a scam, note that every business venture is a risk investment.

You have to be cautious and invest wisely. The first thing you have to do is ask yourself, how much can I possibly lose now and it won’t affect my finances? That should be the amount to start with. Never be in a hurry to earn from untested and unproven opportunities.

Start with small amount, and increase later if the opportunity proves to be legit. Another thing you should know about even legit businesses is that non is 100% risk proof. Invest only the amount you can possibly risk at first, and pull out funds as the returns starts piling up. Don’t get greedy.

Some Typical Examples of Residual Income

From the first examples I gave, you already know what is residual income. You can easily identify an opportunity when you see one. While most of the examples are still good as residual income, I’m going to emphasis more on online based residual income. But first let me give you some list of passive income.

  • Investment in stocks, forex and crypto
  • Investment in Real Estate
  • Creating an Online Course
  • Starting a YouTube channel
  • Having a membership site
  • Writing a Book
  • Building a network marketing group

Like I mentioned, we are going to explore online opportunities. And before I proceed, don’t ignore network marketing opportunities. I know some people don’t like the idea of network marketing.

Since there are no proven online residual income in Nigeria, you have to explore those from other countries. Unless you want to create your own residual income business. My suggestion is to find investment opportunities and plug in your money to earn income daily, monthly or annually, as the case maybe.

Residual Income Ideas

Let me expose you to some of the existing residual income Ideas. The internet has truly changed the way anything and everything works all over the world. It’s not only the simplicity, but also the transactional nature of doing things.

There are several passive income Ideas online that you can start. The internet has given more people the opportunity that was once reserved to a select few. And you earn as much 10% returns on your investment. But before you invest in any one, study the opportunity. If possible, attend physical or online trainings to learn more about how you can earn from the opportunity.

Forex Residual Income Idea

Right now, one of the biggest investment opportunity online is Forex trading. It’s not new, but what’s new is opportunity for everyone including non traders to invest in the forex market. All you need is buy up an investment package from a trading company, and you get returns daily as the package stipulates.

If this kind of passive income interests you, here is another post you should read – HOW TO START FOREX TRADING AS A NON TRADER.

Crypto Residual Income Ideas

Cryptocurrencies are also taking its huge share of the currency market. Almost all the exchange platforms are also offering opportunities to trade cryptocurrencies as well. Even so, platforms are springing up asking for investors to buy trading packages with them for a guaranteed return.

Both the forex and crypto markets work almost the same. Apart from the fact that forex markets only operate 5 days in a week, as against crypto market that’s open every day of the week.

NOTE: The passive income investments that I recommend includes – OMEGAPRO, AX TRADER, BEURAX, and PETRONPAY.

Residual Income Business

Someone has asked me one day, is residual income a business? There’s a business aspect of residual income, and there’s also non business part, where you sit and earn passively. I have also listed some of them in the examples of passive income Ideas.

Residual income businesses are those income you setup and earn from over a long period of time. You may or may not own them 100%.

Real estate is one of them. You invest in properties and keep collecting rents over a long period of time. The problem with real estate business is that it still needs you to manage the business. This aspect of passive income in common, not just in Nigeria but all over the world.

Best Residual Income To Invest With

The best residual income is actually the one that keeps paying you for a long time to come. However, you may not be able to predict which online investment will last for years to come. So, your primary target now should be to keep growing your income.

For example, to grow your income with passive income, you should look for investments that can guarantee some good percentage on a daily or monthly basis, if you don’t have much fund. Like, 0.45 to 5 percent daily income.

But if your target is a retirement plan, you should go for a longer passive income investment that gives 10 percent returns on a monthly basis. It will only require that you invest big. Like, $10,000 would give you guaranteed $30,000 returns in 16 months period, on a compounding interest rate.

Note that, going for a short term investment has a higher return and higher risk as well. A long term investment has lower ROI and also lower risk of failing. But if you are like me, I do the long term for secured returns, and I risk the short term and cash out before it has the potential to fail.

Conclusion

Residual income is not new. You probably have heard of it all your life but have never made it work for you. We are in an era where this kind of income is not only required but it’s also possible for anyone to start earning passively.

From as low as $10 you can start earning from a passive investment. This post is to help you start your journey of residual income. Don’t stop at reading it. Take action. Search for opportunities and ask around what others are doing to earn passive income.

Don’t rush into any investment. Do your homework, and ask those who have invested before you how their investment is doing before you put yours. As good as online passive income may sound, the risk is as much high too.

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How To Get Your Car Insurance The Right Way

Do you need an insurance coverage for your car? A lot of Nigerian car owners don’t really care much about ensuring their cars. They feel car Insurance is just a document required to avoid police extortion.

In Nigeria, car Insurance doesn’t hold much power when an accident occurs. For most road users, it’s just a precautionary measure to avoid extortion by road safety officials. And the process of acquiring them also makes it appealing to be considered as Insurance.

Someone questioned, who need car Insurance in Nigeria? If you consider the rates of denting cars, especially on Lagos roads, and denials of any wrongdoings, you won’t think there’s any value for car insurance.

But car Insurance is not just about securing your own car. It also involves securing the cars of others whom you may clash with on the road. It equally saves you from high cost of repairs, especially when you are low on finance. So, how do you go about buying a car Insurance the right way? Let’s even understand some things about car Insurance.

Why You Need Car Insurance

The first thing you should ask yourself about getting an Insurance for your car is, why do I need car Insurance? The answer should help you know how best to get an insurance policy for your car. The main purpose for car insurance is to provide adequate liability protection for you. Some insurance bonus can even include car wash tickets and AutoGas refill.

Here are the two important covers for car insurance policy:

  1. Injuring or killing someone during a car accident
  2. Causing damage to other people’s property

These damages can only be claimed if it was caused with your insured car. That’s the reason the policy is a coverage on the car and not on your person. That doesn’t exclude death coverage in car Insurance. If you need a personal insurance, the car insurance doesn’t give you that.

How To Buy Car Insurance Cheaper

Is there really any way to buy car insurance cheaper? Well, that would depend on what coverage you are paying for, the insurance company you are buying it from, and the value of the coverage they are offering.

But here are some tips to consider when buying a car insurance:

  • First, decide on how much coverage you need
  • Fill out an application with multiple insurance companies
  • Let them give you quotes
  • Try comparing multiple car insurance quotes
  • Pick the right insurance company for your car policy and get insured

Let’s even look at the different types or classes of car insurance and their coverage.

What Does Liability Insurance

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7 Things Stopping You From Investing In Omegapro & How To Solve Them

If you have any doubt about investing in Omegapro, permit me to help you solve them. Before starting any business there may be some things stopping you from starting immediately, even if you are convinced that the business will make you huge money.

If I were you, I would have some doubts too. Yes, I didn’t start investing in Omegapro the first time I heard about it. I had my doubts too. Also, it’s my first time of joining any investment that has network marketing to it.

So, it’s not wrong for you to have doubts about investing in Omegapro. But I’m going to help you in this article to shade more light on those reasons and help you find some release in your mind. If it’s not worth investing, you will be sure you took the right decision.

However, one of questions I always ask myself when ever I come across an opportunity is, what if this works? I don’t like poverty at all, especially when you look at the acrimony for being “POOR”, which is Passing Over Opportunities Regularly.

I don’t know about you, but I don’t like to pass over opportunities at all. So, what do you do when an offer as Investing in Omegapro is set before you? Do you pass it over? No, let me show you what you can do in this case.

What Type Of Investment Is Omegapro?

One thing to always consider about an investment is, what type of investment is it? That should give you an idea of what you are getting yourself into. If the business doesn’t have tangible products or services, then you have to ask yourself, how do they generate revenue for me?

Omegapro is a fintech company that provides an online platform for Forex and crypto currency trading. Maybe you haven’t also heard about trading crypto currencies. The forex and crypto trading is what generates revenue for Omegapro, and that’s where they get money to share with you and others that invested with them.

Now, the question is, can someone Trade Forex online? If there are those already trading forex then, you can be rest assured that Omegapro can equally do the same. So, Omegapro is offering you a service that generates income for you.

After you have invested, Omegapro can offer you more, like opportunity to refer someone to them, as a marketer and earn a commission from it. This aspect of Omegapro is actually optional, that’s why Omegapro pays handsomely to those who agrees to refer investors to them.

That means Omegapro Network marketing system is service based. The only thing the person you refer might do is to invest in Omegapro. That’s the primary reason anyone joins Omegapro. Any other thing is highly optional, and not even possible until you have invested.

I’m a blogger, I do that always, referring people to businesses and getting paid. So this Omegapro affiliate commission is good in my line of doing business, and I’m recommending Omegapro to you.

What’s Omegapro Offering Investors?

Another thing to consider is, what does Investing in Omegapro offer you? Let’s look at Omegapro offering to its investors. The company pays 0.45% daily or 10% monthly on your invested capital on a compound interest. And the duration of each investment is 16 months duration.

The company also offers a networking part of its business on a 10% commission basis. That means if you refer someone who invested $1,000 in Omegapro, they pay you $100. That’s why people in the system are after you to register.

Now, when you register you have the option of doing the same thing and getting paid. Or you just stick with just your initial investment.

What Many Think About Network Marketing

I don’t used to like network marketing, until I got to understand it. I always feel somebody wants to take advantage of me. And I also don’t feel comfortable telling others to join network marketing.

Also, some of these Network marketers are fraudulent. But in my profession as a business consultant, I have come to understand that growing wealth faster is more possible with network marketing, especially if you don’t have enough capital to start your own business.

Another reason I hated network marketing is because they would ask you to buy their products and then sell it for them. That’s purely buying and selling network marketing. For it to work, everyone in your Network should be buying the products and selling it. That one kept me off networking.

Selling a product would either require you to go to people or advertise the product to sell. If you can’t approach people and convincingly get them to buy you cannot be successful in Network marketing.

Although, product based networking is not bad, but it’s not for everyone too. If you can’t sell, then don’t join. If it’s a service business, you should also study it and ensure it’s not requiring recurrent patronage. If it does, there’s a problem to that too.

What’s On Your Mind Now?

I hope you have understood some of the issues about Network marketing. But let us look at why YOU are yet to invest in Omegapro. These reasons may not even apply to you. All of it may also apply to you. One or two or more may apply to you.

Whatever applies or didn’t apply, is okay. At the end, you have the final choice to make. You can either invest or not. It’s entirely your choice. After all, it’s your money.

Let’s just get to the main reason I wrote this post: Reasons Stopping You From Investing In Omegapro. Well, let me even ask you this question: is anything stopping you from investing in Omegapro? Whatever your reasons might be, is equally good, but you can change it if you have the right information.

I have picked a few reasons that might be stopping you from investing in Omegapro right now.

  1. You Don’t Have Any Money Now to Invest
  2. You Don’t Trust Network Marketing Business
  3. You Haven’t Done Network Marketing Before
  4. You Don’t Like Referring Someone Before Earn
  5. You Think It’s Network Marketing Is A Fraud
  6. You Think You Can’t Sell To Anybody
  7. You Don’t Know About Investing In Omegapro

You Don’t Have Any Money Now to Invest

One of the major things that could stop you from investing in Omegapro is money. I’m not saying you don’t have money. I’m only alluding to the idea that you have money but opportunity cost; as to what that money can buy for you is under consideration, and Omegapro didn’t climb the ladder of priority for you right now.

It could also mean that you are expecting money, either from your salary, business or maybe someone promised to give you money. So, you are waiting to get money to invest. It can even be that you don’t have money now to invest, and you don’t know when you will have money.

The only way to solve the problem of lack of Money is to make money. If money is not enough to do the things you want to, or you are always waiting for money, or you don’t have money; don’t you think it’s time to seek ways you can make this money.

The answer is with you, but here’s what I think about this, find out how you can make money from Omegapro. What if Omegapro can make you that money you need? Think well my brother, my sister. Wealth with Omegapro is possible.

You Don’t Trust Network Marketing

Yeah, I know you don’t. I was that way too. I have all the doubt anyone can conceive about Network marketing. I have shared some of my doubts with you. And some of these doubts that people have are actually true.

But there’s something you my need to know about network marketing. It’s what changed my preconceived notion about networking. I discovered that Network marketing gives you the power to earn money from “Other People’s Efforts (OPE)”. You may not have heard of this before.

Most people know about OPM – Other People’s Money. But OPE – Other People’s Efforts is more powerful than OPM. In OPM you earn their money probably once or for sometime and it will eventual Sto͏p. But OPE is a continuous thing. As long as people are putting in effort you are earning money.

Study network marketing for yourself.

You Haven’t Done Network Marketing Before

Yes, I know you haven’t done it before. If you have, you wouldn’t be reading this now. But by reading this, it shows that you would really love to do Network marketing business if you know how. The fact is, anyone can do Network marketing.

You can become a networker. In fact, what does it require to become a Network marketer? You need to be hungry and convinced about what you market to the point that you don’t mind telling it to everyone that you come across.

There’s always the first time for everything. You can start today and who knows, you might become the best networker that ever is.

You Don’t Like The Idea Of Inviting Someone

Oh, this one is a major reason people don’t like network marketing. If you are not comfortable to speak in public, you don’t have to. Just talk to the persons closets to you. In Omegapro, you only need to refer 2 people. One on your left and one on your right.

But you have family members, close friends, classmates, course mates, colleagues at work, church members, etcetera. If you just convince 2 people closer to you to join, you would have done a great job. And teach them to do the same. The circle continues as each person that joined gets 2 others to join.

Think of it this way, if you know of a better life that would benefit your family, friends and colleagues, won’t you like to tell them about it? What if some don’t believe you? That’s okay too. Do you know how many times friends have blocked me on WhatsApp because I’m offering them Omegapro. Do you know many of them are now asking me to tell them about Omegapro.

So, just go ahead to tell them about Omegapro and don’t care if they accept it or not.

You can’t lose with Network marketing. Some people will never believe anything you say to them. But you need to have results to make them regret it.

You Think It’s All A Fraud

What if you think it’s all a fraud? There are many fraudulent Network marketing companies out there. Fraud is not new and it’s not only in Network marketing business. But Omegapro is not a fraud?

According to USI.edu, a fraud must be deliberate, have an intention, use deception, false suggestion or suppression of truth, even other ethical means. And at the end, the aim is to deprive the persons the benefits they are entitled to.

Even if you still think Omegapro is a fraud, what of those who have been getting the benefits they promised? If benefits promised are being fulfilled, then Omegapro is not qualified to be called fraud. It’s a legitimate investment platform. And you should be a part of it to earn passive income for yourself.

You Think You Can’t Sell To People

I’m a writer, but I use my writing to sell to people. Selling is not a special gift. Anyone can sell. You just have to have a product to sell, identify those that needs it, and design how best to sell it to them, using your personal gift or preferred platforms.

If you are in a job, your workplace is your platform. You sell Omegapro to those on your work platform. If you are student, the school is you platform. If you are a pastor, the church is your platform. Find a way to sell what you have to those on your platform.

I’m selling to you right now. If I can’t write this well, I will probably not be able to use writing to sell. The same way you should use what you know best to reach out to others. It’s not hard to sell a good product. Omegapro is a good product to sell.

You Don’t Know About Investing In Omegapro

It may even be that you don’t know about Omegapro. Nobody has told you or you haven given anyone a chance to explain it to you. It might even be that you ignore every invitation extended to you to get to know about Omegapro.

Why you have a reason to do whatever stopped you from investing in Omegapro, always remember “POOR” – Passing Over Opportunities Regularly. That should make you want to know about any opportunity that comes your way before you can either pass over it or jump right into it.

So, getting to know about Omegapro, it’s authenticity, investing options, return on your investment and commission structure on its affiliate network market, should be what you are doing now.

By the time you have all the details, you can then make your choice to either invest or let it pass over. At this point you will be making an informed decision and not an ignorant one.

Conclusion

I’m a Forex investor with Omegapro. As a business consultant, I strongly recommend Omegapro for you. If you still have doubt. Like I usually do sometimes so that I won’t let opportunities pass over me, I risk only the amount I know if I lose it won’t bother me.

So, looking at Omegapro investment package you can find $100, $500 and $1,000 packages respectively. There are others that are higher. But considering you still have your doubts, you can choose to start with these smaller packages. When you are convinced you can upgrade to a much higher package.

One thing you must not let happen to you is to realize later that you have passed over another great opportunity because you allowed some reasons to stop you from investing in Omegapro.

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Omegapro – 9 Risk-Free Reasons to Invest Now

Omegapro is going to make you rich – If you are looking for passive income opportunities to put your idle money to work for you; I recommend you invest in Omegapro forex trading packages. It’s far better than leaving your money in the bank. And there’s not many passive income opportunities like this available.

What if I also tell you that this one offers 300% return on investment over a 16 months period, would you give it a try? I know you would but first, let me explain it properly. I really want you to invest in Omegapro. But don’t do it blindly.

This post is not a financial advisement. You must know that every investment has risks. You should properly evaluate your risk options before you invest in Omegapro. Or better still seek the advise of your investment adviser. I’m only going to share with you my personal findings.

Is Omegapro A Legit Passive Income?

As an investor, it’s always safer to question the legitimacy of any investment before you put in your money. Even if you are a risk taker, always evaluate the risks first to know how much risk you are prepared to undertake.

Most of what would clarify if Omegapro is legit or not would be explained in each of the subheads in this post. But here are the things to watch out for:

  • What’s the company offers and promises?
  • How are they going to fulfill them?
  • Are they registered and where?
  • Who are those behind them ?

What Is Omegapro?

Omegapro is a Forex and crypto trading company. What they are offering investors like you and I are opportunity to invest in Omegapro by buying any of their trading packages. When you buy a trading package the company trades with your money and pay you profit daily.

Simply put, the company trades for those who can’t trade for themselves. And they also pay you profit earn from trading with your money. They give you opportunity to buy the packages you can afford. The minimum package to invest in Omegapro is the $100 or startup package.

You don’t have to know how to trade forex or cryptocurrency. In fact, Omegapro is suitable for non traders like yourself. They took the risk off you, while you can earn daily returns on your investment.

#1 – How Does Omegapro Works?

If you understood clearly my explanation about Omegapro, then let me explain how it all works. Here are things that you should be familiar with before you invest in Omegapro:

  • The company will trade with your money
  • You get your profits daily paid into your wallet with them
  • The minimum daily profit percent is 0.45%
  • You can buy as many different packages as you want
  • Referring other people is optional

Let me explain a bit about the referral program of Omegapro. It’s not part of your requirement when you invest in Omegapro. Referring others is entirely by choice. If you don’t want, you shouldn’t.

But let me reveal a secret to you. The company pays more when you refer others to them. Remember, they can afford to pay for adverts. But they are paying you for helping them educate someone better on how to invest in Omegapro. What their advert couldn’t do, you are hired to do it better for them.

Here’s the different packages you can buy in Omegapro and their daily profit returns.

  1. Startup Trader: $100 package – $0.45 daily returns
  2. Basic Trader: $500 package – $2.25 daily returns
  3. Light Trader: $1,000 package – $4.50 daily returns
  4. Pro Trader: $3,000 package – $13.50 daily returns
  5. Advance Trader: $5,000 package – $22.50 daily returns
  6. Tycoon Trader: $8,000 package – $36 daily returns
  7. Premium Trader: $10,000 package – $45 daily returns
  8. Master Trader: $15,000 package – $67.50 daily returns
  9. Elite Trader: $25,000 package – $112.50 daily returns
  10. VIP Trader: $50,000 package – $225 daily returns

To sign up for each package, Omegapro charges $29 one time administrative fee, plus the investment package sum you chooses to start with.

#2 – Why I’m Recommending Omegapro

It’s always important for me to explain my motive, so that you will understand why I’m reviewing this passive income opportunity for you. Before I started writing this post, I have already invested in Omegapro.

So, I’m not only recommending as a promotion for the company. This post is not a paid advert for Omegapro. It’s a personal review of the investment based on my findings.

Here’s my reasons and findings to help you decide to invest or not:

  • It’s easy to start
  • Has daily income
  • Has daily withdrawal
  • It’s a medium term investment plan
  • Daily profit percentage is 0.45%
  • The company is very transparent

The minimum investment package is $100. Anyone can afford to start with that amount. You may also need to calculate how much you hope to earn when picking the right investment plan.

Omegapro Forex or Bitcoin Trading Licence

The most important decision you have to make when buying into Omegapro trading licence is to choose either forex or Bitcoin licence or both. If you want to go for both, good. But if you have to choose either one of them, let me help you make that decision quickly.

You can’t compare Forex licence to Bitcoin for many reasons.

🔹️Forex is just Forex – what you earn is what you gain
🔹️If you are in Nigeria, you will need a third party to get digital USD to buy forex licence
🔹️You will face similar problems as well when cashing out
🔹️With Bitcoin everything is a win-win
🔹️You have the option to do-it-yourself when buying or selling your licence proceeds
🔹️You also gain more if Bitcoin price goes up, which is possible in a 16 months investment
🔹️Also, if you are earning network bonus it will also be in Bitcoin and that would both be compounding and appreciating at the same time

Generally, if you have to choose between a Omegapro Forex licence and Bitcoin licence, the best option is Bitcoin licence. If you don’t know how Bitcoin works, start learning now. Join Crypto Lessons on WhatsApp for Beginners and get the basic knowledge about cryptos.

#3 – Those Behind Omegapro

Those behind any investment is important when making decision to invest. For Omegapro, not only do we know those behind it, they are well known institutional investors, and they have publicly

Omegapro is founded by 3 institutional investors:

Dilawar Singh (Owner of OMP Group)

Andreas Szakacs (CEO)

Andreas Szakacs – An Ace in the Financial Field

Mike Sims (Partner)

Although Omegapro started in the late 2018, but by 2020 is has recorded tremendous success as an organization and with its investors in over 100 countries. You can search for the information about its founders to gain more knowledge about those behind Omegapro.

#4 – What’s Risk Assessment of Omegapro?

Now, let’s consider the risk involved. I know what’s on your mind. Hope this investment is not a risk? Every business is risky, it’s just the level of risk exposure that one needs to measure. And for Omegapro investment, I will analyze the risk exposure for you. Let me go with a YES and NO answer.

Here’s my reason for saying YES:

  • It’s an online investment, no chance of visiting the physical office
  • The company drives sales only through network marketing
  • It’s relatively a new organization and not enough time yet to prove them

And here’s my reason for saying NO:

  • At minimum entry of $100 is low to be risky for most investors
  • It offers daily withdrawal for profits
  • It’s a medium term investment, you can also cancel in between the contract period
  • Forex trading has a high yield potential
  • The company support staff are handy and helpful
  • You also have some control over your investment through the back office

#5 – How to Invest In Omegapro Wisely

I have already explained that Omegapro pays minimum of 0.45% daily on any package you purchased. You can buy as many packages of your choice. That’s the investment side of the business

If for instance you invested $500, you are paid $2.25 daily as your profit, from Mondays to Fridays. You can choose to withdraw it or leave it. And when you leave it the company will trade with it and you get a compound interest on the profits earned daily.

Each package has a lifespan of 16 months. If you leave all your profit to compound, by the end of the 16 months you would have earned 300% of the amount you invested. If what you invested is $500, it would have become $1,500.

You can then choose to withdraw your full money or reinvest some or all of it. That’s your choice at this point.

Create Your Account

If you are convinced about investing in Omegapro, here’s the steps to take to get registered with the company. The company prefers someone sponsors you. That way you stand to benefit more than just from your investment.

A sponsor in Omegapro is like a mentor – someone who will guide you on how best to maximize your investment with the company. That also places you in an advantageous position to earn from other people’s efforts in the network. While it’s optional to refer others, you are still going to be in the network and might earn from the efforts of others.

To register, fill the form below to be assigned to a sponsor:

Make Your Deposit

To make a deposit to activate a package on Omegapro, there are several options available to help you do that. Here are some of them:

  • Bitcoin wallet
  • Etherium Wallet
  • Bank transfer
  • Credit/debit card
  • Peer to peer transfer

For those in Nigeria, you may have only one better choice to make deposit into your Omegapro account to activate the package of your choice. If you registered through a sponsor, you will be guided on how to use peer to peer transfer.

A peer to peer transfer means another Omegapro investor would accept an agreed equivalent in naira and transfer the agreed amount in US dollars into your wallet account with Omegapro.

Note: exchange rate may differ from government regulated rates.

How To Withdraw Your Profits

The most important part of any investment is how to withdraw your profits. And this can be done in very simple ways. You can withdraw into:

  • Your US dollar bank account
  • Your credit/debit card
  • Peer to peer

Also, you can withdraw into your Omega Money account. It’s an online bank from Omegapro. You will need to create an open a banking account with Omega Money.

#6 – Leadership Rank & Rewards

Omegapro has 9 different leadership ranks with applicable rewards that follows each one. I will explain each of them. But first here is a list of the 9 leadership ranks below:

  1. Associate
  2. Builder
  3. Silver
  4. Gold
  5. Platinum
  6. Diamond
  7. Blue Diamond
  8. Black Diamond
  9. Crown Diamond

This is the highest rank and reward in Omegapro. You will receive a Crown Diamond ring, plus a Lamborghini Aventador, or its cash equivalent of $500,000.

#7 – How to Earn Referral Income 

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Grow Your Money

How To Start Forex Trading As A Beginner

There’s huge money to make from forex trading. I want to reveal this business to you in a way you can understand it, different from what you maybe hearing about forex trading. Even if you don’t like the idea of Forex trading, but if you want to make more money this year, give me few minutes of your time to explain this to you.

I want to believe I’m talking to Beginners. Those with little or no knowledge of Forex. Even if you know about Forex trading but not an expert, you should also be reading this now.

However, if you think you know too much about Forex, then you don’t have to continue reading, unless for pleasure or to amuse yourself the way I’m going to lay down the hard nuts of Forex trading in a way a novice would understand.

Understanding Forex Trading

Firstly, let me start by explaining what Forex is and how it’s been traded. Forex simply means foreign exchange. One product that is only traded this way is money. Yes, Forex trading is about exchanging money. I will explain better.

Money is supposed to be a medium of exchange. Which means, you exchange goods and services for money. For example, if ‘A’ has a product or a service that ‘B’ needs, ‘A’ can demand for a certain amount of money in exchange for his product or service. That’s what money is normally used for, as a medium of exchange.

But when we talk about forex trading, it means that money is both the product or service and also the medium of exchange. That means you are buying one money with another money.

For example, when you go to the bank or ‘black’ market in Nigeria to exchange either Naira for Dollars, or Dollars for Naira, you are simply engaged in Forex trading. You are either the buyer or the seller, depending on which currency you are exchanging. That’s means if you have ever changed money before, you are a Forex trader.

So, to understand Forex trading, it means you are either buying or selling one currency for another. That’s the simple definition of Forex trading. It’s so simple to understand. That also means it’s so simple to trade, but wait till I give you more information.

The Forex Market

The forex market is a huge 6 trillion dollars daily transaction. Unlike the Aboki that sells dollars in your neighborhood, international Forex trading actually follows certain rules and that includes having a defined market where Forex is traded.

The closest thing to it is the Stock Market. In fact, Forex and stocks are closely related in the way they are traded but they are different commodities. If you understand the stock market you are more likely to understand the forex market.

Well, if you are a village person like me, you are probably aware of village markets. Some markets trades only on certain days, while some trades daily, depending on what is being sold in the market,

The forex market only trades Forex. That means people transact in this market for the purpose of exchanging one currency with another. However, the forex market is only allowed to trade for 5 out of the 7 days of the week. Yes, from Monday’s to Friday’s, the forex market is open for business. It doesn’t trade on Saturday’s and sunday’s. Don’t ask me why because I don’t know.

Investment Risks In Forex Trading

Forex trading is an Investment. Investments has their own risks propensities. If you are trading yourself, you have to guard against loses. Since it’s a trade business, there’s possibility of buying high and selling low, since the market prices are mostly determined by external factors beyond your control.

Inasmuch as you should ensure you are current with world news and happenings within the market, it cannot fully protect you against losses. One of the best ways traders minimize their risk exposure is by trading against minimal profit positions.

The less profit they pursue with each trade the lower their risk per trade. That way you mitigate against heavy losses and also ensure profitability from little gains. But, as a beginner this might seem complex at first. That’s why learning Forex business is more important than the profit you hope to make from it.

Who Should Trade Forex

One of the questions people ask is, can I trade Forex? Yes you can. Anyone is qualified to trade Forex. It’s not only the Aboki that should be involved in Forex trading. You too can get involved. In fact, you may have trading forex without knowing it, if you have ever exchanged dollars for naira or exchanged naira for dollars.

But, I don’t mean you should go to one street corner and start trading forex. Although there is nothing wrong with that, but there’s a better way to trade Forex than the way the Aboki is doing it.

What You Need To Trade Forex

As a beginner trader, the process is simplified for you. The setup process is no longer cumbersome. With just a smartphone and internet connection you start trading forex from anywhere you are in the world.

However, you will also need funds to trade with. Some forex trading apps allow you to start trading with as low as $10. Some even give you free money to start trading. While these options are good for a beginner, they also have their own risks and limitations.

Even though that seemed a wise investment decision, it limits profit taking. Remember, your returns is based on a fraction of the capital invested. So, if the capital is little, the profit will also be little.

Where You Should Trade Forex

Unlike the Aboki that trades around the neighborhood, you will be trading directly on the forex market, connected through the internet from your smartphone. And this is made possible by several Forex brokers who have Developed mobile apps that gives ordinary people access to the forex market with ease.

There are several platforms to trade in Forex Market. I will give you a list of some of the most popular ones:

  • Omegapro
  • IQ Option
  • Grand Trade
  • Expert Option
  • Olymp Trade
  • XTrend

How You Should Trade Forex

Before you can begin trading forex, you will need to undergo some training. Each app or platform has its own way of trading. As a beginner you should learn first before you invest your money.

However, I strongly recommend that your entry into Forex trading should be to explore options of having others trade for you till you have understood trading yourself. That way you can commit your funds to the business while you learn. And you also get to make profit while you are learning.

It’s always better not to risk your investment as a beginner. Although, having others trade for you may not make you the kind of money you can make from the forex market, but it’s better than losing your money in one swoop.

Start As A Forex Investor

As a business consultant, I always advise beginner forex traders to start out first as investors. That way you risk little in the market until you are matured enough to take higher risk in the trades.

Forex investors are those who have the money to trade but gives it instead to more experienced traders to trade on their behalf and share profit with them. So, you will need an experienced investor who will trade for you. I will show you how to find one in one of my concluding sub heading. Make sure you read my concluding part of this post.

Investors in forex market don’t usually trade by themselves. They give their money to professional Forex traders and take small chunk of the daily profit. However, what makes this Option profitable is that you can negotiate a percentage payout from each trade, regardless of gains and losses.

That means the trader can agree to pay you a fixed percentage profit from his trades, whether he gains or not. For example, if he agrees to pay you 10 percent of the amount you invested monthly, assuming you invested $1,000, you will be getting $100 return on your investment monthly.

But let me introduce you to an international Forex trader that will trade for you while you take your percentage profit, not monthly but daily instead.

Omegapro Forex Investment Platform

I would have loved to show you different Forex investment platforms, but considering the risk involved in placing your funds into people you don’t know, and without any guarantee, I’m limited to just telling you only about Omegapro.

I’m bold to say that Omegapro has been tested and is trusted to deliver returns to its Investors. You will also need to make your own research on this before you decide your investment. Here’s my own information about Omegapro.

What Is Omegapro?

Omegapro is a forex broker. It trades on currency pairs, commodities, stocks and indices. It gives investors opportunity to trade more than 200 underlining assists. Omegapro is registered in the U.K. It combines the profitable power of Forex trading, Fintech and MLM to create wealth for its investors in over 100 countries.

How Omegapro Works

Omegapro combines investment in Forex with MLM, using the power of fintech. It gives investors the opportunity to invest in Forex business and also promote the platform in exchange for commission.

For example, if you invest in Omegapro now, you start earning income from your Investment. But you can also earn additional income from anyone you referred to the company and registered them under your downline.

Omegapro pays its members who sponsored or referred investors to them. It’s a one time commission for each person you introduce to the system. However, there’s a one time $29 registration fee, plus the amount you choose to invest in the trade.

The investments ranges from $100, $500, $1,000, $ 5,000, $10,000 and $50,000..

What Omegapro Pays Investors

The company pays investors daily for their investment sum. For example, if you invest $1,000 with Omegapro, it pays around 0.45 percent of the amount daily, which is about 10 percent monthly. But it pays daily because it’s profit is structured on compound interest. Which means even the profit you earn each day will earn its own profit the next day of trade.

Use this compound interest calculator to check your profit on the compound interest of preferred investment amount with Omegapro.

And for the referral, it pays 10 percent of the initial amount of investment the person you referred brought to Omegapro. For example, if your referral invested initial $10,000, Omegapro will pay you 10 percent of $10,000, which is $1,000.

How To Invest With Omegapro

If you are interested in Omegapro Forex investment, I recommend that you first attend one of its training programs. Don’t invest into a business unless you understand it properly.

Omegapro conducts trainings across the country if you prefer a physical training. However, your can Start immediately by joining one of its ZOOM trainings for prospective investors. I recommend you call this number 08139006120 now to book for any of the trainings closer to you.

Conclusion

If you are a beginner in Forex trading, Omegapro Forex investment is the right startup plan for you. As a consultant, I have an investment with Omegapro. And if you want me to help guide you on how I make money from Omegapro, just join the FASTWEB WhatsApp group using this WHATSAPP LINK.

I didn’t want to raise much of your hopes in this article but I can assure you that Forex trading is worth exploring this year, if you really want to make cool income.

God forbid if the pandemic would hit again. This is one investment that is bulletproofed against lockdowns. Forex market was never locked down during the pandemic. Investors where cashing in on their profits. You can join now without much risk whatsoever.

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