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Grow Your Money

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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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.

#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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How Best to Invest In Nigerian Stocks In 2021

Stocks are one of the most viable investment opportunities for the rich. To invest in Nigerian stocks, you need to understand this simple guide on stock investing. It also doesn’t matter where you are in the world. Anyone can trade Nigerian stocks from where they are.

Nigerians in diaspora can use this medium to understand and invest in Nigerian stocks. The value of the Nigerian stock market is growing everyday, irrespective of the economic situation of the country.

For those who have disposal funds they can allow to sit around for 10 to 20 years should explore the huge penny stocks potential of the Nigerian stock market. Investing a meager 1 million naira in Nigerian stocks today could be worth tens of millions in a few years to come.

And don’t underestimate the come back opportunity for the Nigerian economy, which will trigger future stock appreciation.

Understanding Nigerian Stock Exchange

If you are new in stock investment, you may have a hard time understanding everything that goes on in the stock market. It’s the same for every stock market. You may not know everything about how stock market works. But make up your mind to start learning gradually.

I have also written another post on Steps To Make Money In The Stock Market. There’s so much to learn from that as a beginner.

Although, I have provided you with the basics that you need to know about how you can invest in the Nigerian stock market, you have to make conscious effort on your own to learn even more.

Choosing A Stockbroker

To start trading Nigerian stocks you need to choose a stockbroker or dealer. It’s only NSE accredited brokers you can use to buy or sell stock through the NSE central order book.

You are also to confirm brokers status with both the NSE and SEC (Securities And Exchange Commission) before selecting a suitable broker to represent your interest as an investor.

You should know who these stockbroking firms are. So, research and pick the best broker firm for your stock investment. Click Here to see List Of NSE Approved Stockbrokers.

Cost Of Trading Nigerian Stocks

When buying or selling stocks in the Nigerian stock market, there are stipulated cost associated with each transaction. As an investor, you need to know the charges.

These costs of transacting Nigerian stocks includes the following:

  1. Commissions
  2. Fees

And the commissions and fees are standard across all brokers, usually assessed on a sliding scale. That is, for transaction amounts that are less than 1 million naira in value, you will pay the following costs percentage:

Buying = 1.86%
Selling = 2.19%

But if the transaction amounts exceeds 1 million, that’s a far larger transaction, the following commission and fees apply.

Buying = 1.49%
Selling = 1.82%

Trading Nigerian Stocks On NSE

Trading stocks on on the Nigerian Stock Exchange may not be exactly as that of certain world exchanges like the New Stock Exchange. The peculiarity of the Nigerian environment is also taking its toll on how Nigerian stocks trading works.

Every stock exchange in the world have their different procedures on trading their stocks. That’s the first thing you learn before investing in stocks in that exchange. That’s also why the Nigerian stock market has a process of trading stocks on it.

Invest first in learning about stock trading, especially about the exchange you want to trade on. You will be shock about how much you didn’t know from what you will discover.

Read books about stock market, especially about Nigerian stock market. You should also follow some popular Nigerian stock pages on social media. Follow this Facebook page: The Nigerian Stock Exchange (NSE) and Facebook group: Nigerian Stock Market Investors.

How To Become An Investor

There are 2 ways you can become an investor in the Nigerian stock market. According to The Nigerian Stock Exchange (NSE), they are the only ways you can start trading Nigerian Stocks.

  1. By Direct Account Opening Structure
  2. By Indirect or Custody Account Opening Structure

Direct Account Opening Structure:

  • Contact preferred domestic dealer (DD)
  • Complete account Opening KYC with dealer
  • Submit all the required KYC documents to dealer
  • Broker processes CSCS account Opening and gives Account details to investor
  • Investor can now trade (buy or sell) stocks on NSE

Investor now chooses how he or she would want to trade Nigerian stocks. With a direct trading account, investors have two options to place stock orders, either to buy or to sell. It’s not like you are restricted to any of the options. You can choose to use the two options interchangeably.

The 2 options are:

  1. Remotely
  2. Through dealer

Trading Nigerian stocks remotely affords investors the privilege of sending order mandate through remote trading platform provided by dealer. This remote platform is directly linked to NSE central order book. While CSCS settles these trades into clients Account with dealer. And this process usually takes 3 to 4 trading days.

But when order is by dealer option, investors sends order mandate to the dealer to execute. While the dealer or broker sends clients orders through trading interface to NSE central order book. And it finally gets settled into clients account with dealer through CSCS. It takes the same duration, 3 to 4 Days.

Indirect or Custody Account Opening Structure:

  • Contact preferred domestic dealer (DD)
  • Complete account Opening KYC with dealer
  • Submit all the required KYC documents to dealer
  • Investor appoints a domestic custodian
  • Dealer is linked to a investor trading account
  • Investor buys or sells stocks on NSE through linked dealer

And when trading stocks, investor’s trading mandate is sent to both dealer and custodian. Dealer will always verify trade instructions with custodian to ensure access to account and availability of stocks or cash, depending on whether the trade is to buy or sell stocks.

So the dealer sends clients orders through trading interface to NSE central order book. And CSCS (Central Securities Clearing System) settles trade into clients Account with dealer. This whole process takes about 3 to 4 days settlement circle.

Tips On Indirect Account You Should Know:

  • Investors assets are with the custodian and not the dealer
  • Even though access is restricted, several brokers can still trade on the inventory
  • Access to securities are with custodian. Dealers can only get access from the custodian
  • And the stocks and cash settlements are settled with the custodian

KYC Requirements And Documentation

To open your Nigerian stock trading account, you will need to provide some KYC documents. Apart from filling some forms, they are backed up with proof of documents. Know your customer (KYC) is an important stock trading account opening requirement.

  • Fill the CSCS Account Opening Form
  • Complete the Broker’s Account Opening Form
  • Submit 2 color passport-sized photos of yourself.
  • Submit a Photocopy of your passport or driver’s licence or any government recognized identity card
  • Submit a Photocopy of a recent utility bill as proof of your residential address

Some of the documents required are to prove the identity of the investor. The passport-sized photos and your approved identity card are to prove you are the actual person requesting to open a stock trading account. While the utility bill is a way to confirm the address you provided to be your current residential address.

Conclusion

The stock market is a place the rich create wealth over time. Some value stocks can be purchased as penny stocks, at a very low price point, and within time the value appreciates at an unprecedented rate.

Stocks are the type of investment that the value increases over time. And it gives you rights to earn profits from publicly listed companies, rather than starting your own business from the scratch.

The strategy of growing wealth in the stock market is by starting from where you are. Even with initial small stocks, you can gradually increase your stock portfolio by continuously trading for more stocks to multiply your investment.

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5 Important Investment Rules for Beginners

Rules are important. They show us what should be done to attain certain results. Investment rules help you make wise investment decisions. You need to know these investment rules as a beginner. And you need to know how best to decide on what to do without consulting experts all the time. This makes you your own personal expert advisor.

Investment rules are not so different from business rules. But rules helps you know when you are doing the right thing, and if what you are doing will produce the desired results.

So, you need to know what these investing rules are and how you can apply them as a investor.

What Is Investment Rules?

Anybody might chose how to do things, it’s up to them. Picking rules to guide your investment decisions are a wise path to follow. It’s not every time you make good decisions on your own. But with rules guiding your investment would help you make wiser decisions.

And this guide will show you how to create investment rules that would act as your personal investment expert. It will show you what to do and how to do them. You will be able to discern between good and bad investment choices even before you make them.

Moreover, you will also be able to know why you should invest in certain opportunities, and what you hope to gain out of it beyond money. Investment rules are a better way to dive into early chances of emerging opportunities without burning your fingers.

You can’t wait to get the full details. I have briefly expanded on these 5 rules that works all the time. Plus the 6th rule I added as a bonus in my conclusion.

{1} Make Early Choices

The first of these investment rules is to invest early. If you are at a certain age these may sound like you have already missed this point. But not at all. Investing early doesn’t only apply to your age as an investor. Starting your investment at an early entry is a great advantage.

A good example of investing early is with bitcoin. At the early stage of bitcoin the prices were at 0.008 dollar of 0.08 bitcoin rate. Nobody wanted bitcoin that much at that time. Nobody thought bitcoin would ever become a deciding currency, not to talk of the huge price appreciation it has recorded over the short period.

And those who bought and held bitcoin from its insignificant price point became millionaires and billionaires. Thats what investing early can do for you.

When you invest , invest as early as possible, and as much as you can. Or better still, invest as much as you can afford to lose. Because investing early is a high risk opportunity. Most times, you can’t see any visible potential for success, apart from your faith to believe in the impossible.

{2} Take Risk

If you cannot take risk, you cannot be successful as an investor. The second of my investing rules is to take risk. You just need the stomach for high risk to be an investor. One of the risk factor of investing is that you may or may not be able to project it’s profitability in most cases.

However, as a wise investor, take calculated risks. Even though you need to take risk with investment, don’t invest blindly. Research properly every opportunity before investing your money. Having a proper knowledge about your investment is important. Don’t throw away your money in every investment opportunity that you see.

Have some approach that you follow to assess your investment risks before you invest. For example, plan your investment capital and make provision for amount you can invest in early investment opportunities while you are still trying to fully understand its risks and potential for you.

Any investment that you are yet to figure out how to recoup your investment is not worth throwing in all your eggs. Learn to plan out your investment portfolio and set your high and low investment strategies. And know that avoiding risk doesn’t include failing to invest.

{3} Make Wise Decisions

The next point in investment rules is to invest wisely. Wisdom is profitable to direct in everything we do in life. Wisdom is knowing what to do, how to do it and when to do it for better results. And you need to apply wisdom as an investor.

Also know that it’s not all investments that will yield returns. Some will only result to loses for you. And if you keep investing in those ones that results to loses, you will soon be out of funds for investment. That’s where wisdom plays an important role as a key investing rule.

You don’t have to invest money you will need right away. This may sound like a careless warning and one that seem to undermine the second rule that demands you to take risk. But this investment rule is as important as the rule that demands you to take risk.

Inasmuch as risk is the way to go, as far as investing is concern, you also need to be alive to enjoy the investment. So, don’t risk money that you need right away. As long as what you need the money for is a life and death issue, it’s not worth risking for an investment. In fact, no investment is worth more than life itself. Life is your first investment, before you think of any investment for financial gain.

{4} Understand Before You Invest

Even though you should invest early and take risk, you shouldn’t as a matter of rule, invest in any business you don’t understand. That’s our 4th investing rule. There’s no wisdom in investing your money in an investment you know nothing of.

You should always seek to gain good understanding of what you are investing your money into. That’s why investors expend a lot on vualauble information before they decide to invest in any investment opportunity.

Wise investment is based on informed decision. And that’s how to take calculated risk. You don’t just take risk, you ensure that it’s risk well thought of. In every investing, you should know what the investment is all about? Who are those behind it? How much can you possibly make from the investment if you invest an expected capital within a period?

When you research an investment opportunity properly, you are either more confident to put in your capital or not.

{5} Diversify Your Portfolio

Diversifying your investment portfolio is another way to manage your risk. Having multiple investment portfolios can save you from the high risk associated with investing.

A typical diversified portfolio should have a mixture of stocks, fixed income and commodities. And these diversified portfolio should include assets that earns the highest returns for you, for the least risk possible.

Tips To Diversify Your Portfolio

Investopedia gave 5 tips to help you diversify your portfolio.

  1. Don’t put all of your money in one investment
  2. Consider Index or Bond Funds
  3. Keep Building Your Portfolio.
  4. Also Know When to Get Out.
  5. Keep a Watchful Eye on Commissions.

Conclusion

The 5 investment rules are complete and are very useful for planning your investment. But I have a 6th rule which I believe is even more important than the 5 rules put together. This rule 6 is simply “Don’t Fail To Invest”.

If you didn’t invest, nothing would matter, and all these investment rules won’t mean anything to you.

The power of success is in doing what you dream of. And your dream of investing is not just in knowing the rules alone, but to actual invest your money. Plan and actually invest in mixed stocks, fixed income and commodities.

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