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Tips On Successful Forex Trading In Ghana

Tips On Successful Forex Trading In Ghana

Successful forex trading is the result of strategy, discipline and the ability to manage risk. Forex traders venturing into the market without any type of strategy or plan are often find it difficult to profit or maintain any consistency.

The key to avoid this is to balance the three most important things regarding trading, they are;

  • Learn a Strategy with an Edge
  • Employ Proper Risk Management
  • Build a Successful Trading Mindset

If a trader can develop these three above, then most likely they will lead to more consistent trading and profits. But let’s discuss some tips to help you become a successful forex trader.

Top Tips on Successful Forex Trading

  • Clear Goals

The first step is to be clear about your goals. Goals have to be specific, measurable, and attainable.

But you must start by figuring out what trading system you will use to trade the forex market. Some people prefer to be more active, and thus prefer intraday forex trading.

In contrast, you might have a full-time job and not a lot of time to sit in front of the screen. If this is the case, then I suggest Daily and 4hr price action strategies, which allow you to do set and forget style trading. This requires a lot less screen time and is helpful for those who only have an hour or two to look at the markets.

  • Type of Strategy

The next thing to decide is the strategy you would like to employ for trading the markets every day. The two that I recommend are;

Price action trading gives you the tools to read the price action in the market in real-time, regardless of the time frame, instrument or environment. It is one of the most critical skills you can have to trade the forex market and communicates whether the larger players are heavily buying, or selling, and where.

Ichimoku cloud trading is a trading system developed several decades ago that is designed to capture large trends, major reversals, and future support and resistance levels, so quite a comprehensive system.

Once you have finalized which trading strategy you are going to use, and on what time frames, it is best to test your strategy on a demo account across various instruments.

  • Building a Successful Trading Psychology

The next important thing is trading psychology and the ability to control one’s emotions. A trader can have a successful trading system that makes money, but if he/she does not have the discipline to follow it, then they will lose money.

This requires patience, discipline, and focus. Luckily, these things can be built up over time as the mind has neuro-plasticity to it. But if you have a rule-based system, yet are exiting too early or not following the rules, then you may want to consider some focused meditation or ERT training to help build the neural pathways for successful trading.

  • Money Management

Controlling risk and managing your money will be critical to your success. This aspect of trading is essentially pure mathematics. If you can put the numbers in your favour, then you will find yourself in the best position to profit mathematically.

The most important mathematical rule for trading forex is the Risk of Ruin, which looks at risk three-dimensionally. This measures risk by accuracy, % equity risked, and overall payoff ratio.

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12 Legit Ways to Make Money Online in Ghana

12 Legit Ways to Make Money Online in Ghana

So let’s get this right. You’re from Ghana? Do you want to make money fast? and perhaps you’d like to do it online?

Here are 12 Legit Ways to Make Money Online in Ghana.

1. Sell Photos Online

The competition is high, but if you’re persistent and skilled, then this is a great method for earning passive income. When you sell your photos as stock photography, the website you sell them to does the additional selling.

Visit here to start selling Photos

2. Be a Freelance Writer

Writing is one of the most popular online jobs. Businesses need blog posts, website copy, articles, and several other types of content.

It’s important to have your own website as a portfolio when you’re pitching online writing jobs. Or you can create a LinkedIn profile to use as an online portfolio. Clients will want to see samples of your writing.

3. Sell Your Unwanted Items

Looking to unclutter? Earn money from your unwanted items by selling them on JIJI or Tonaton. Search through the site to see what kinds of items have sold recently and how much people are selling them for.

4. Start a Blog

Another job for a writer, personal blogging is also a great way to make money online. However, this job requires patience and persistence. You likely won’t see much of an income from the get-go.

Bloggers make money through advertising, selling products, and writing sponsored posts, among other ways.

5. Find a Work-at-Home Company

Some companies are looking for employees to work remote, meaning you can still work for a company and choose where you work from. For example, CrowdSource offers writing and editing jobs.

You can work as a medical transcriptionist for a company like Fast Chart. Or work for LiveOps, a call centre that allows you to work from home.

6. Sell Products on Etsy

If you’re a crafty person, consider selling your DIY projects and crafts on Etsy. You can open at Etsy store for free. Then, post pictures of your products and people can buy them. Legit Ways to Make Money Online in Ghana

You’ll want to get a PayPal account so people have an easy way to pay you. Practice taking good, quality pictures of your products to help them attract buyers. Ensure to use good customer service as well. Get started here

7. Answer Professional Questions

If you’re an expert in a field, you may be able to make money online by answering questions. On websites like JustAnswer and LivePerson, you’ll be matched up with people looking for your expertise. It depends on your area of expertise as to how much money you can make

8.Become a Virtual Assistant

If you have exceptional organization and communication skills, virtual assistance is the right job for you. You can offer virtual assistant several services, such as email management, bookkeeping, and project management, to name a few.

As long as you have some basic technical skills, you can help people around the world succeed in their online business. Meeting deadlines and communicating effectively is key to excelling as a virtual assistant

9.Social Media Influencer

Monetize your social following by promoting big brands, the two major companies that connect influencers to brands are WebFluential & IZEA. You can use this tool to estimate how much a single tweet on your Twitter account is worth if you were Sarkodie you’d be worth $9,795 – $11,970 per tweet.

10.Affiliate Marketing

Affiliate marketing is the most popular method of making money online. You get paid to generate sales & leads for various products or companies.

11.Google Adsense

If you’ve visited any website, you’ve seen Google ads. These ads are everywhere and for good reason. Not only are they easy to set up on any basic website, but they can be lucrative once your website starts bringing in a steady amount of traffic.

One of the cool things about Google AdSense is that it’s so easy to get set up. If you have a blog or website, you can sign up for a free Google AdSense Account. From there, Google will give you a unique code that you will paste onto your website. Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already.

12.Create Video Tutorials on YouTube

This is another gig that if you stick with it long enough, you can see a significant income from your efforts. Create engaging videos that show people how to do something – think baking, hair styling, knitting – and post them on YouTube.

People look up videos to learn how to do something all the time. This is a great way to teach a skill and well as generate income. It depends on how well-received your videos are as to how much money you make from them.

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How to create a perfect online fashion store

How to create the perfect online fashion store

Fashion constantly changes over time, and the clothing industry allows you to choose from a large collection of different items, for both women and men. In the web hosting industry likewise, there is a host of domains to choose from to create a perfect online fashion store.

When choosing a domain name, you must get it right. A good domain name gives your website improved search engine rankings, an online business identity, among numerous other benefits.

While a brick and mortar store is still important to many businesses, a website can help brands build and expand online.

For fashion entrepreneurs and enthusiasts, there are numerous style and fashion domain names that fit in with the fashion business.  For example, there are .clothing, .diamonds, .florist, .gold, .jewelry, .salon, .shoes, .style, .tires, .toys, .watch, .moda etc.

The .boutique domain provides a digital platform for boutique owners who are looking for smart, innovative ways to market products online. The .boutique domain name extension will allow you to brand your website in such a way that your customers will perceive a high level of luxury when they think of your business.

With so many shops online, and with so many .com domains already registered, you might not even be able to register the domain that corresponds with your existing or desired store name — and the domain you DO register likely won’t be the one you originally wanted. This situation can leave you scrambling, wasting precious time to attract and win over would-be customers. With .boutique domain names still fresh on the market and ripe for the picking, you have your choice of many of the best domain names for your online shop.

The .boutique web address improves on the overcrowded .com by giving your business a targeted online presence — one that is much more likely to resonate with potential customers. With a .boutique web address, you finally have the power to create a domain name that means something to your customers from the very start.

The beauty of choosing a style and fashion domain is that the domains all serve similar purposes. Individual style is becoming increasingly important to many, and the just like .boutique, .style domain name offers a unique online space for any person or organization looking to create online fashion business.

Style is an expression of who you are as a person: whether it’s in the way you dress, speak, or act. .style allows website owners to show their personalities through a domain name that will capture attention and interest. When you have a domain that ends with .style, it instantly communicates what your brand represents.

For jewellery retailers and entrepreneurs, the .jewelry allows you to customize your website with a domain that shows your appreciation for the finer things in life. From fine jewellery to costume, .jewelry differentiates your website from its competitors with a domain that shines.

From vintage costume jewellery to diamond engagement rings, the brand new .jewelry domain is a great option for all jewellery sellers.

A piece of jewellery can say a thousand words — ”I love you, I miss you, I care about you.” Yet with so many options both online and off, it can be a difficult task for jewellers to get in front of customers. However, the brand new .jewelry domain makes it simple to do just that.

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