Online trader is a new generation profession that appeared only in the 21st century with the development of the Internet. An experienced trader can earn thousands and tens of thousands of dollars, with a free work schedule, having only a computer, a tablet or a smartphone at their disposal. However, it can take years to become a professional. The money spent, the nerves, and most importantly, the time, for many turn out to be an unbearable price paid for the experience gained. Moreover, the result is far from obvious. After all, numerous stories have been heard about people who lost their money trying to trade in financial markets.
This is all true. And, unfortunately, not everyone can become a successful trader. Just like not everyone is born to be an astronaut. But, as the ancient saying goes, there are at least two ways out of every hopeless situation. In our case, these are financial services PAMM and Copy Trading, which allow you to take advantage of someone else’s success on mutually beneficial terms.
What is PAMM and How It Works
PAMM (from the English PAMM – Percent Allocation Management Module) is a simple passive investing service that allows you to transfer your funds to the management of one or several successful and experienced traders who will trade for you, retaining a certain part of the profit as a reward. No profit, no reward.
A huge plus of this service is that the trader trades not only with the funds of investors, but also with the trader’s own money. This is a prerequisite, which significantly increases the responsibility of the trader and the quality of their transactions. After all, if something goes wrong, the trader will, in the first place, lose their personal capital.
PAMM is one of the services that clients of the international brokerage company NordFX receive. This broker not only provides a platform for trading currencies and crypto-currencies, stocks, oil and precious metals, but also provides transparent cooperation between the investor and the trader. Thanks to this, you can be sure that all of the trader’s obligations, including financial settlements, will be fulfilled on time and with 100 percent accuracy. The trader does not have the slightest opportunity to spend your money for personal needs, use it in other inappropriate ways or steal it. All work takes place under the scrutiny of NordFX, a company in which clients from 190 countries have opened more than 1.500.000 accounts, and which has been receiving professional awards as the most reliable broker for several years.
At the same time, you choose the trader to whom you want to entrust funds to management. NordFX will provide you with their trading history and statistics, including almost 50 parameters, thanks to which you can decide if their trading strategy and risk/reward ratio are right for you. It is clear that the higher the profit, the greater the risks. Therefore, many investors start with modest amounts, from $100 and up, to understand how everything works in practice.
How to Invest in PAMM in a Few Minutes
1. First you need to register on the website of the brokerage company NordFX. This happens online and takes only two minutes. Please provide your real name and last name, your email and mobile phone number. After confirmation, go to your Trader’s cabinet. It is also possible to register via social media.
2. Then, in the Trader’s cabinet, click on the “Dollar” icon and select “Funds Deposit”. The company allows you to choose any convenient method of deposit of your choice: international bank transfer, VISA/Mastercard bank cards, many electronic payment systems. Top up your account with the amount you plan to invest.
3. After depositing, we proceed to choose a manager. To do this, the NordFX broker has a transparent rating on the managers’ “showcase” that includes all the necessary information: account age, growth charts, balance size, maximum drawdown and profitability, as well as many other statistics.
It is necessary to understand that a trader can conduct both successful trading and suffer certain losses at some point. Therefore, we recommend investing your funds in several managers at the same time, forming your own investment portfolio. This will significantly reduce risks and allow you make a profit, even if one of the traders makes several unsuccessful transactions.
How Much You Can Earn Investing in NordFX PAMM
The main advantage of the foreign exchange market is unlimited profitability, which can be many times higher than the interest on bank deposits. Traders can earn tens or hundreds of percent of profit per month for you. It depends on their trading style and strategy aggressiveness. The more aggressive the strategy, the higher the profits and the higher the risk for the investor.
For example, let’s look at the profitability chart of the first (at the time of this writing) trader in the NordFX rating (Fig. 1).
For thirty-one days of his trading, this trader managed to make a profit of 74% of the initial deposit. That is, if you had invested $1000 in it, your account would have grown by $740 in a month. In case the trader’s reward is equal to 30% of the profit, your earnings will be 70% or $518. Not bad at all: in just a month, an increase of more than 50%, and this despite the fact that you yourself did not have to make any transactions, the trader did all the work for you. But the risk with such a trade is not small: the drawdown (negative difference between funds and balance) had reached 58% at some point.
The second example is a trader who has been trading steadily for half a year. During this time, they showed a return of 56%, but the drawdown did not exceed 15%, thanks to the use of a more conservative strategy.
What is NordFX Copy Trading
The second lifesaver for those who are unwilling or unable to trade on their own is Copy Trading. The basic principle is the same as that of PAMM: an experienced trader trades and earns, and you get the same profit as theirs. The commission is charged on the profit, so if they earned for you, you pay, if not, the trader is left without a reward.
But besides the similarity, there is also a major difference. In the case of Copy Trading, you do not transfer capital to a trader. It’s just that all their transactions are automatically copied to your account. Thanks to this, you get the opportunity to personally control everything that happens to your money, and you have full information: when and in what direction the trader opened a transaction, what volume, for what trading asset. And in the event of force majeure, you can close the trades you do not like yourself and disconnect your account from the signals of a particular trader.
The investment scheme here is in many ways similar to the PAMM and consists of the following stages:
1. Opening a personal account at NordFX;
2. Depositing the necessary sum (you can start from $100);
3. Selecting signal providers in a transparent rating (in other words, traders whose trades you will copy);
4. Forming your own investment portfolio;
Many newbies may be worried about the inconsistency in the amount of capital between a trader and an investor. However, do not worry about this, since the system will automatically select the required volume and adjust the ratio. At the time of subscription, a window will pop up where you will need to specify the amount of your capital that will be used for copying. You can also customize the conditions of copying for yourself and your deposit.
NordFX Copy Trading is immensely popular among investors and traders due to its potential profitability and cost minimization. For example, a trader who takes an honorable second place in this rating has demonstrated a return of 480% in 40 days of their work (Fig. 2). At the same time their reward is just 10% of the profit.
Of course, this example shows an almost perfect picture of an aggressive investment. Moreover, in reality you can earn even more. But, we have to repeat: in the pursuit of superprofits, you can just as well lose all your capital. And no honest trader will guarantee that in the future they will show the same results that they had in the past. Therefore, before investing in financial markets, you must assess your capabilities realistically, and in no case risk all your funds.
If you still have questions left, you can always contact the NordFX Support Service. You will also find answers to many of them in the corresponding sections on the website of this brokerage company.
Earnings Online: Currencies, Bitcoin, Stocks, Gold, Oil
Trading in the financial markets can be one of the most promising and profitable types of such earnings.
There are a huge number of ways to make money online nowadays. You can do it sitting at home on the couch, at a table in a cafe or even in parallel with the main work. In general, anywhere, you just need an internet-connected computer or a smartphone.
Trading in the financial markets can be one of the most promising and profitable types of such earnings. Why? Let’s figure it out in this article.
What is Online Trading?
It is an opportunity to make money on fluctuations in the price of various financial assets. Simply put, you buy, for example, a currency and wait for it to rise in value. Or, conversely, you sell in the expectation of a fall in the rate. This is the basic principle of trading. But brokers offer more than just currency trading, which is a huge advantage. For example, working with a brokerage company like NordFX, you can trade a wide variety of asset types. For example, stocks, oil and gold, stock indices and even cryptocurrencies. Such a rich selection allows you to significantly diversify your earning opportunities. Moreover, you can earn not only on the growth, but also on the fall in the price of any of these assets.
Currency and Cryptocurrency Trading: Features
Let’s say you have chosen currency trading. What should you pay attention to? First, on the fact that all currencies are in pairs on Forex. That is, you do not just buy, for example, euros, but you automatically sell another currency in return. Basically, it all looks like in a standard exchange office. The thing is that you do not need to have all these currencies in stock, the broker will automatically convert funds from your trading account.
For example, when buying a EUR/USD currency pair, you purchase euros and sell US dollars. When selling the same currency pair, you, on the contrary, sell euros and buy US dollars. On Forex, all currency pairs are divided into major ones, for example, GBP/USD (British pound/US dollar) or USD/JPY (US dollar/Japanese yen) and cross rates (in such pairs, currency exchange is performed directly, bypassing the US dollar), for example, EUR/GBP (Euro/British Pound) or NZD/CAD (New Zealand Dollar/Canadian Dollar). Apart from this, there are also exotic pairs in which rare currencies are present, such as the African rand, for example, or the Norwegian krone. In total, 33 currency pairs are available for NordFX clients to conduct transactions.
In addition, you can make transactions with digital currencies. The principle of trading here is the same as in Forex. Trading operations can be carried out with any of 11 cryptocurrency pairs, including the leading cryptocurrencies against the US dollar: BTC/USD (Bitcoin), ETH/USD (Ethereum), LTH/USD (Litecoin), EOS/USD (Eos), XRP/USD (Ripple), etc.
The principle of stock trading is quite simple. You are not buying the stock itself, but a contract for the difference (CFD). That is, ownership is not transferred to you. You kind of make a bet with a broker whether a particular stock will rise or fall in price. And it gives you the chance to make a profit both if its value soars to heaven and if it collapses to zero.
Broker NordFX offers a large selection of CFDs on shares of nearly 70 companies, including such world-famous brands as IBM, JP Morgan Chase, Coca-Cola, Mastercard, McDonalds, Microsoft, Twitter, UBER, eBay, Alibaba, Deutsche Bank and many others.
Trading in Precious Metals and Oil
NordFX also offers the opportunity to profit from the difference in quotations of the most popular metals and raw materials. And if gold and silver are more often used as insurance assets to hedge risks, oil prices, on the contrary, are subject to fairly strong fluctuations reaching hundreds of percent. This combination with the addition of trading positions for stocks, currencies, and cryptocurrencies, allows you to form the most balanced investment portfolio that brings maximum profit with minimum risk.
What if I Do Not Know How to Trade Yet?
The overwhelming majority of those who come to online trading do not have relevant experience and generally know practically nothing about the financial markets. To help novice traders, the broker NordFX has posted a lot of useful videos and articles on its website. on the topic of Forex trading. In particular, you can learn about the basics of trading, strategy creation, market analysis, wealth management, and risk. Finally, a whole section is devoted to how to use the MetaTrader 4 (MT4) trading platform, on which, in fact, all transactions are performed.
It is clear that before buying a particular currency or another asset, it is necessary to analyze for the development of a trend, that is, to predict where the quotes will go, and, accordingly, open a buy or sell transaction. There are two types of analysis here: technical and fundamental.
Using the MetaTrader 4 (MT4) platform, you can carry out technical analysis of quotes using all kinds of built-in indicators and various charting tools. MT4 has a built-in news feed as well, which allows you to quickly learn about important macroeconomic events and, accordingly, perform another type of analysis, fundamental. In addition, you can find regular analytical reviews and forecasts for the main financial markets on the NordFX website, for which the company has even been awarded the prestigious international award as Best News & Analysis Provider.
Also, you will find an economic calendar on the website of this broker, thanks to which you will know in advance on what day and at what time certain economic events, decisions of Central banks or important macro statistics are expected.
How to Profit Without Trading Yourself
You can make money on financial markets not only by trading yourself. Clients of the broker NordFX are also offered various services with the help of which they can make a profit without even having an idea of what market analysis is and without making a single transaction on their own.
For this purpose, the broker offers PAMM accounts (Percent Allocation Management Module) which is a special platform where a client can choose an experienced and successful managing trader (one or more) and entrust them with managing the client’s funds.
In addition to PAMM, CopyTrading service is also offered. Here you also choose an experienced trader as your “partner”. But, unlike PAMM, you do not transfer your funds for management, but you copy on your account all those transactions that the trader you have chosen (the provider of trading signals) makes on their account, in a fully automatic mode. Moreover, you can work with one or many signal providers.
The use of robot advisors is another opportunity to profit from trading in financial markets, which does not require special knowledge. A robot advisor is a computer program that will make transactions for you according to the algorithm embedded in it. You just need to purchase or download the robot free of charge on the Internet, install it on your MT4 platform, after which it will trade for you 24 hours a day.
There are nuances here, however. Thus, NordFX does not offer specific robots to its clients. Accordingly, all of these will be third-party programs. Therefore, you need to test them and optimize their settings (for example, the volume of transactions, levels of stop orders and take profit) before working. This can be done using a special tester already built into MetaTrader 4. Also, any Expert Advisor needs not only one-time optimization, but also periodic monitoring.
How to Increase Your Profits Tens and Hundreds of Times
Trading conditions, margin and leverage are three things that can multiply your income from trading in the financial markets.
First, you need to be mindful of the trading conditions. All brokerages charge a spread fee for ongoing trading transactions. This is their earnings, and for some such commissions are quite large, while for others, like NordFX, they are minimal, which allows clients to earn even with insignificant fluctuations in quotes.
As for the leverage, in fact, this is a loan that the broker provides to its clients automatically and without any collateral, and which, like in NordFX, when trading currency pairs, can exceed your own capital 1000 times. That is, having in your account, for example, $100, you can make transactions of up to 100 thousand dollars. Accordingly, your profit grows too. Imagine that your deposit is 10,000 USD. In this case, with the help of such leverage, for only 100 transactions your turnover can reach a billion (!) dollars, and this is already a very large business on an international scale.
The same goes for cryptocurrency trading. With NordFX margin trading, you can open buy or sell positions with just $150 in your account. This despite the fact that the price of bitcoin is above 10.000 USD now!
And most importantly, everything that is described above is not a fairy tale or fantasy. This is a reality that is available to everyone. And you don’t have to graduate from Harvard, work on Wall Street in New York, or have a start-up capital of millions of dollars to open your way into the world of finance. Once again, you need just an internet-connected computer or smartphone and… $10. This is the minimum deposit in order to become a client of the NordFX brokerage company.
To achieve a lot, you can start with a little. The main thing is to start.
Cordros records business expansion, announces 3 new subsidiaries
Cordros Capital Limited has announced a major corporate expansion with the establishment of 3 new subsidiaries.
Cordros Capital Limited has announced a major corporate expansion with the establishment of three (3) new subsidiaries. In a statement released to the media on Tuesday, the company announced that it had obtained all relevant licences and regulatory approvals to open shop for its Insurance, Trustees, and Registrars businesses.
According to the Group Managing Director, Mr. Wale Agbeyangi, Cordros Insurance Brokers Limited has been granted an operating license by both the Nigerian Council of Registered Insurance Brokers (NCRIB) and the National Insurance Commission (NAICOM). Also, Cordros Trustees Limited, and Cordros Registrars Limited.
Following the achievement of this new corporate milestone, the statement confirmed that the new businesses will commence operations in earnest.
It would be recalled that after commencing operation as a Securities Trading business in 2007, Cordros recorded significant milestones in 2010 and 2013 when it started its Investment Banking and Asset Management businesses, respectively.
Geely Auto to invest 54 million dollars in the development of healthy cars
Geely’s leading track record will be taken to a new level with the development of an all-round “healthier car.”
As Exclusive Partner of Geely Automotive in Nigeria, Mikano brings us great news of Geely Automotive innovative steps towards development of “healthy, intelligent vehicles” by earmarking 54 million Dollars of funding to it; as a furthering of the fight against Coronavirus.
The move not only adds a new dimension to Geely’s understanding of “passenger safety,” it also represents a new development direction for automobiles.
The development of a “healthier car” differs from specialized medical vehicles in that Geely’s products are made for ordinary consumers. Cars with comprehensive virus protection not only require the capability to isolate harmful substances in the air, it also needs to quickly and effectively purify cabin air for occupants.
Geely Auto’s global R&D and design networks based in Europe, USA and China will jointly move to develop and research new environmentally sustainable materials with anti-bacterial and anti-viral properties which can be used within air-conditioner systems and on frequently touched surfaces such as buttons and handles.
Geely Auto will make full use of its global R&D system and resources as well as cooperate with professional medical and scientific research institutions to set up special project teams to work on the new research.
An Conghui, President of Geely Holding Group and President and CEO of Geely Auto Group said “Epidemic prevention is a job that requires the long-term effort of wider society. As the most common mode of transportation, consumers spend a considerable amount time in their cars, akin to a “second home” Only by making healthier products can we meet consumer demand for better quality of life. Based on the automotive industry’s development direction built around electrified, connectivity, intelligence, and shared mobility, auto companies should commit to developing products that help protect the health of drivers and passengers. This will become one of Geely Auto key long-term development objectives.”
Earlier on January 28, Geely Holding Group joined hands with the Li Shufu Foundation to set up a special 30 million dollars fund in support of the new coronavirus prevention and control, with a focus on the mass purchasing of much needed medical supplies for China in the short term.
Geely’s leading track record will be taken to a new level with the development of an all-round “healthier car.” Geely’s move sets a new precedent in the development of safety technologies that goes beyond developing leading crash test results and moves into new dimensions of passenger safety.
Visit www.geely.ng to find out more about Geely Nigeria