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JustForex: 6 Reasons To Use JustForex Trading Website and Free Trading Signal

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Why JustForex is The Best Forex Website For You

Ok, in today, we will be talking about JustForex platform and few reasons why you should use them.

There are a different reason why one chooses a Forex trading platform but the common reason with majority of persons is to funds security and platform transparency.

There are many forex trading platforms you can trade with but in this episode, i will be giving 6 good reasons why JustForex trading platform is good for you, How to create a Just forex account and Free trading Signal from the platform.

So, below we get started, we need to know what JustForex is;

JustForex is a forex broker website that helps JustForex is a retail forex broker that provides trades the access to the foreign exchange market and offers great trading conditions on accounts such as Cent, Mini, Standard, ECN Zero, Crypto, a wide choice of trading instruments, a leverage up to 1: 3000, tight spreads, market news, and economic calendar.

  • Spreads from 0 pips

Low floating spreads on all types of accounts, spreads from 0 pips on ECN Zero accounts.

  • Mobile versions of MT4

Unlike some other trading platforms that support mainly Web trading, You can trade anytime and anywhere using mobile versions of JustForex MT4 platform.

  • Leverage up to 1:3000

An opportunity to choose convenient leverage from 1:1 to 1:3000 which is great for profit maximization.

  • 90+ trading instruments.

There are vast currency market trading pairs you can trade, precious metals for traders who want to earn on different markets on JustForex website. Kindly hover and determine the market you want to trade to make money as a trader on the Justforex.com

  • All strategies are allowed

On the JustForex platform, you get to have access to trading using

  • expert advisors
  • Hedging
  • news trading
  • Scalping, etc.

This approach helps you as a trader helps you with basic fundamental analysis on your trading. Since news and event can affect technical analysis that have been done to get price predictions.

  1. Order execution from 0.05 s

Some platform will delay in executing your open orders. With JustForex, your orders gets executed in microseconds during normal conditions on the market.

How to Get Started With JustForex

justforex

  • You will be taken to a page where you will need to select your account trading type. Kindly choose the account type of live account that suits you or open a demo trading account to get started. ( for the purpose of this guide,  i picked a Standard account)

justforex trade account type

  • Next, after selecting the account type, kindly fill out the back office registration form in the next page. When you’re done, click on ‘Register’ See image below;

justforex

  • After the back office registration, you will also need to fill the ‘open first account’ form in the next page. see image below;

justforex

Free Trading Signals From JustForex to Get You Started

If you’re a beginner, the free trading signals below and help you get started with JustForex platform.

In the Example of the trade signal we want to use, we will use the British pounds against the United State dollar market.

Today’s Free Trade Signal example: GBP/USD Signals

Risk 0.75% per trade.

Trades must be entered before 5pm London time today only.

Short Trades

  • Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2673 or the descending trend line which currently sits at about 1.2762 which is shown in the price chart below.
  • Place the stop loss 1 pip above the local swing high.
  • Adjust the stop loss to break even once the trade is 25 pips in profit.
  • Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

Long Trades

  • Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of the broken bearish trend line below the current price now sitting at about 1.2600 as shown in the price chart below, or 1.2364.
  • Place the stop loss 1 pip below the local swing low.
  • Adjust the stop loss to break even once the trade is 25 pips in profit.
  • Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.

The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

GBP/USD Analysis

There was no reason why we would not see lower prices still over the short-term and I thought it made sense to take a generally bearish bias on the British Pound. As it happened, there was such a reason, which emerged a little after the time of writing, which was the vote of no confidence in the British Prime Minister which was triggered my some of her own party’s Members of Parliament. As a consensus quickly emerged that she would survive the vote, the British Pound rose quite strongly, breaking up past resistance and continuing to challenge the higher resistance level at 1.2673. Another bullish sign is that the broken trend line now seems to be acting as support at about 1.2600, which can be seen in the price chart below.

Although the Prime Minister won the confidence vote, her position and the Brexit situation really has not changed. Volatility is likely to remain high and there is a long-term weakness in the Pound, but if the government succeeds in running out the clock on Brexit, it should be able to get Parliament to vote for the deal on offer, even if that does not happen until the last minute. Once that happens, I expect the British Pound to rise sharply.

I would still take a short-term bearish bias here but only once there was a clear failure to rise above key resistance with a strong reversal.

justforex trading signal

There is nothing important due today concerning either the GBP or the USD.

Note: Before you start trading, you will need to go through some basic training which is free on the JustForex website. Learn, research and try a demo account first before trading with a real account.

Believe this helps.

Create a free account now with JustForex and start earning as a trader.

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Franchise

Crowdfacture Could Become The Tesla Of Africa

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Crowdfacture

Yes, Tesla (TSLA) is currently one of the top manufacturing companies in the world right now, yet it is so young compared to other manufacturing brands.

Here is why,

Tesla has managed to use modern technology to scale up and become one of the top companies in the world with over $700 Billion in valuation, making it the highest automobile manufacturer in the world and seconded by Toyota.

Some people call Tesla an overhyped company, but let’s appreciate the fact that Tesla’s competitive advantage comes as a result of its dedicated emphasis on research and development (R&D). In fact, many of its rivals have admitted that Tesla’s electronics far surpass their own—a teardown revealed that its batteries and AI chips are roughly six years ahead of other industry giants such as Toyota and Volkswagen.

On this end, Crowdfacture is an African-focused community-driven manufacturing and distribution company with a focus on food production and processing (even though it is poised to go into other sectors).

While Crowdfacture never made any claims about wanting to become the largest manufacturer in Africa, Let’s also appreciate the fact that this is a company that is first to design and build on this kind of business model around manufacturing where it gives anyone the opportunity to become a co-owner of a manufacturing and processing line for life.

Crowdfacture is not playing into car manufacturing like Tesla but got huge potentials and fast growth toward reaching its goals of helping solve the problems of Nigeria by improving local production and creating jobs for the unemployed Nigerians.

Just like Tesla, Crowdfacture is also leveraging on dedicated research and development (R&D) to launch its production lines across several sectors that is considered very vital and crucial to the economic growth of Nigeria.

The company is also promising to back 3rd party manufacturers to foster the growth of other promising manufacturing companies by dedicated founders/manufacturers.

If all things being equal and core goals delivered, Crowdfacture stands a chance to become a fortune 500 company on or before 2030 with a complex production and distribution chain across the shores of Africa.

I personally believe this will be a highly valuable tech company in Nigeria just like what Flutterwave, Paystack, Sumotrust and the rest have done in the fintech space.

It is time to produce and manufacture locally and cut down on the high import rate.

Join Crowdfacture and become a co-owner of a manufacturing line for life. Enjoy 30% dividend on your investment.

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How To Invest 5 Million Naira In Nigeria 2021 – Top 5 Recommendations

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How To Invest 5 Million Naira Or More In Nigeria 

Indeed, 2020 was really a very dramatic year that affected lots of decisions both personal and business. While many markets have been swinging recklessly, it is very easy to get confused when deciding what investment to make that would maximize profits for you. Here at Entrepreneur Platform, we have put some list having looked at the new trends that are working for investors for your own insight on how to invest 5 Million Naira in Nigeria. 

If you wondering where you can invest 5 Million Naira or what sector to explore, below are our recommendations based on the industries capping:

How To Invest 5 Million And Above in Nigeria

  • Capital market
  • Cryptocurrency Investment
  • Forex Or Stocks Trading
  • Commercial agriculture
  • Venture funding via Angel investment

Discussing the best kind of investment with 5 million Naira can be a tricky one but our carefully selected recommendations are sure to help you know your risk appetite.

We have already made 3 recommendations in our previous article on how to invest 1 million Naira where we mentioned 1 of the best investment companies to invest 500k and above if your money is not up to 5million Naira for investment in Nigeria.

How To Invest 5 Million Naira In Nigeria

  • 1. Capital Market: (Invest with SHIFDA on Sumotrust)

According to Wikipedia, “capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments”.

One of the best capital market investments in Nigeria to make right now if you have 5 Million Naira and above to invest is by investing into SHIFDA, a fixed hedge fund investment offered by Sumotrust. It is secure and has 0 risks on the investor.

Sumotrust Investment has an ROI of 24% per annum with a minimum investment of 500,000 Naira and a maximum of 100 million Naira per individual.

Minimum maturity is 6 months to as much as 10 years.

With 5 Million Naira into Sumotrust SHIFDA, you will be getting 1.2 Million Naira returns per annum. The most interesting part if it is that its a secured investment.

To get started with SHIFDA by Sumotrust; 

  • Kindly visit www.sumotrust.com and create a free savings and investment account.
  • Login to your account and navigate to the ‘SHIFDA Wallet’ tab from the menu section.
  • Read through the details and follow the instructions given to invest.
  • Once your Investment request has been approved, go ahead and create a ‘Fixed Savings’ in your account, you will see a notification about your account qualifying for SHIFDA. Kindly fill-up the form and complete the process.
  • On the maturity date, your capital and interest will be automatically released into your Kick wallet where you can withdraw instantly to your Bank.
  • 2. Invest in Cryptocurrency:

Cryptocurrency investment is known to be the best investment of the last decade as seen on CNN

In 2020 alone, we save Bitcoin tell to as low as $3700 and in 9 months, went up to as high as over $18400, which is over X4 in ROI. 

Investing in cryptocurrency can be tricky and will cause you to lose money if you don’t know the right portfolios to hold.

If you’re just getting started, definitely, Bitcoin is one if not the only cryptocurrency to hold onto until you gain deeper knowledge and understanding of investing in cryptocurrency.

With platforms like Truzact, investing in cryptocurrency in Nigeria will never be a problem for you; as you can easily make Naira deposits using your Naira debit card or the virtual account number given to you and instantly convert it to Bitcoin.

The platform (Truzact) also allows you to save in cryptocurrencies and earn interest on your savings.To start investing into cryptocurrencies in Nigeria, kindly visit www.truzact.com and create an account, fund your wallet and instantly swap it to your favorite cryptocurrency.

  • 3. Invest in Foreign Stocks or Buy Eurobond.

The Nigerian stock market hasn’t performed really well when compared to the foreign stocks for some reasons like inflation against the Naira and other factors. 

However, investors are resorting to putting their money in foreign stocks where they get to bypass the adverse sides of inflation. You can download the InvestBamboo app from Google Playstore or Apple store, fund your account with Naira and buy US stocks directly from the App. 

Understand that the performance of your foreign stock investment is also determined by fundamental and technical analysis just like investing into bitcoin in Nigeria, so you will also need to do your due diligence before making your decision.

Looking at the 5 investment options in Nigeria listed here on how to invest 5 million Naira, Only investing with SHIFDA on Sumotrust promises secure investment and less risk management.

  • 4. Commercial agriculture

The agricultural investment will remain evergreen because people must eat to survive on daily basis. Anything Agriculture that is well-practiced on the commercial scale is sure to give you high ROI. You can go into non-perishable food production like Rice, beans, maize, melon, etc.

With commercial Agricultural investment, you should be on a 40-100% return on investment if properly done.

  • 5. Venture funding Or Angel investment

Venture funding is one business model that a lot of Nigerians aren’t doing for some reasons but I can tell you it’s a very profitable one. 

Venture Funding or Angel Investing is a type of business investment where one gets to invest a certain amount of money into a Business or startup in exchange for equity in the business. Both profit and losses are shared in Angel investment, meaning that you lose money when the business goes bad and you also make money based on the percentage of the business that belongs to you if the business goes well. 

The difference between Venture funding and Angel investing is that Venture funding lets companies invest in a startup for equity ownership while Angel investing lets you invest in a startup or business as a person. Venture funding is on a company level while Angel Investing is on a personal level. 

You can learn more about Venture capitalism here and Angel Investing here on Investopedia.

So now you have 5 Million Naira to invest in Nigeria but don’t want a secure investment of 24% via SHIFDA on Sumotrust and want something more flexible that lets you enjoy even better return, you can easily bet on a promising startup you trust based on stats and other judging metrics. 

There are lots of amazing startups in Nigeria with good prospects seeking funding to scale up, you can bet on one of them with your money and expect huge returns.

Check out our list of top 10 startups to look out for in 2021.

Still have the question of ‘where to invest my money in Nigeria’? Kindly check out the list of top investment opportunities in Nigeria.

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Entrepreneurs

3 Reasons Why Being Broke Will Make You A Better Entrepreneur In 2020

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