BILL GATES OFFERS $100 MILLION WORTH OF LOANS TO NIGERIA FOREX TRADERS

BILL AND MELINDA GATES FOUNDATION


Guided by the belief that every life has equal value, the Bill and Melinda Gates foundation works to help all people lead healthy,productive lives.In developing countries,it focuses on improving peoples health and giving them the chance to lift themselves out of hunger and extreme poverty.In Nigeria,it seeks to ensure that all people -especially those with the fewest resources-have access to the opportunities they need to succeed in school and life,Based in Seattle,Washington,the foundation is led by ceo Jeff Raikes and co chair William H.Gates Sr,under the direction of Bill and Mellinda Gates and Warren Buffet

When bill gate stormed Nigeria to share cash some months back,most people it was all about the eradication of polio and reduction of infant mortality rate alone.Bill Gates was in Lagos Kano and other part of Nigeria was amazed at the high rate of poverty among the working class and high level of unemployment among the youths, and even more alarming was the number of teenage persons going into "Yahoo Yahoo" - internet fraud, as a source of sustenance,thus the wealthy american is donating money to charity and social services in the way to put back into the society.


Bill Gates is dolling out an awesome cash of $100million to empower Nigerians who are interested in trading the FOREX MARKET.The several times world number one richest man has been in this game of giving cash to empower the economically disadvantage nations,but 2010 he decided to invade Nigeria with this free money,Its for those who are not employed and those who are employed but not earning enough


WHY IS MICROSOFT GIVING ALL THESE OPPORTUNITES?

Microsoft is giving out the training and funding opportunities because they have looked at the country and the crime rate in it.For instance instead of doing internet fraud -"Yahoo Yahoo" ,the youths can now do genuine online businesss that even warren buffet does


WHY YOU NEED TO PARTICIPATE?

It's a great opportunity for everyone,including housewives,bankers,fresh graduates,Its open to over 300,000 or more people.The money being doled out is over $100 million from Bill and Mellinda Gates foundation in collaboration with the Lagos state government on its poverty alleviation program.Microsoft has its representative right here in Lagos,your performance through your demo account trading in collaboration with the Lagos state form you would have filled before you start will be submitted to the microsoft office.Your performance can even make them give you an amount that surpasses your expectation.If your performance is poor you may get little ,but when its good,they can give you between one to five or even ten thousand Dollars to trade


So what are you waiting for ?If you are interested ,you can visit the facilitators at ...........

HEAD OFFICE

CLARRENTON CONCEPT LTD
32,TOYIN STREET, IKEJA...OPPOSITE
ST.LEOS CATHOLIC CHURCH.LAGOS STATE

MOBILE NOS...... 07031338186, 01-4350757

ANNEX OFFICE

STARDOM FOREX ACADEMY,
SUITE 3 2ND FLOOR,16 THOMAS SALAKO STREET
OGBA/IKEJA .LAGOS

MOBILE NOS...... 2348032249443,2348056578472

...........................................................................................................................................
Condition notice/CCN/B & MGF

9 . FAILURE TO TAKE PROFITS FROM YOUR ACCOUNT

WELCOME BACK

It is almost a natural law that over a given period of time,the Forex markets will allow you to make only so much money and then you are going to have to start giving some back. Yet, probably no more than 1% of all Forex traders I know have a rule to take profits out of their account.(However, they are quick to deposit money into their accounts when funds drop to untradable levels).

You cannot believe how often I see traders leaving profits in their accounts and then go for the “big trade” – the one that will give them a real “killing,” which usually kills their profits.This problem can be overcome by predetermining an equity level at which you will remove profits from your account.When you make profits in the Forex markets, take some money out and put it somewhere else. Your trading will move in cycles. You will make some, lose some, make some,and lose some. By taking money out of your account whenyou are profitable, you will not make the mistake of losing larger amounts of money when a down cycle occurs.

To your online trading success
D FXTYCOON

8 . OVERTRADING YOUR ACCOUNT

Assuming risk that is too large a percentage of your account balance on any single trade, either with too large a dollar
risk per contract or by trading too many contracts for any single trade or by trading too many currency pairs.This can also happen after a period of choppy market consolidation

when you “know” that the market is going to do something. You are so certain that this is going to be a big
move that you risk much more than the maximum 8% of your account balance. Already emotionally out of balance,
all it takes is a couple of limit moves against you and you
are bust.

To prevent this mistake from occurring, you must have a hard and fast rule that you can risk no more than a certain
percentage of your account balance on any trade regardless of how good the trade looks. My personal hard and fast
rule is to only have one position on at a time period. This does not count if I am hedged because with most brokers
hedging does not take up margin. This limits any possible overtrading. Overtrading is the quickest way to lose the
capital in your account.

OVERTRADING YOUR ACCOUNT

Assuming risk that is too large a percentage of your account balance on any single trade, either with too large a dollar
risk per contract or by trading too many contracts for any single trade or by trading too many currency pairs.This can also happen after a period of choppy market consolidation

when you “know” that the market is going to do something. You are so certain that this is going to be a big
move that you risk much more than the maximum 8% of your account balance. Already emotionally out of balance,
all it takes is a couple of limit moves against you and you
are bust.

To prevent this mistake from occurring, you must have a hard and fast rule that you can risk no more than a certain
percentage of your account balance on any trade regardless of how good the trade looks. My personal hard and fast
rule is to only have one position on at a time period. This does not count if I am hedged because with most brokers
hedging does not take up margin. This limits any possible overtrading. Overtrading is the quickest way to lose the
capital in your account.

7 . INCREASING YOUR RISK FOR SUCCESS

One of the most common mistakes I see Forex traders make is increasing risk exposure because of a perceived winning or losing streak. Just by being successful on a few trades,more dollars will be risked per trade because more money is in the trading account. Because you have more money (and confidence) when successful, you are also likely totake larger percentage risks. Not surprisingly, this ruins more Forex traders than a series of small losses.

Not allowing the risk percentage to unreasonably increase as profits are realized and discipline in maintaining protective stop losses can overcome this mistake. What I mean by ‘unreasonably increase’ is this – on a typical trade, your risk should be in the range of 3% to10% of your account size depending on trade confidence. As you see yourself on a winning streak, you are tempted to increase risk percentages.Never increase your risk percentage to more than
10% of your account balance on any single trade.

I have also seen traders risk more after a losing streak and risk less after a winning streak. Their thinking is that after a string of winners, a loser has to come at any moment so it is time to reduce risk. The other side of this is increasing the size of their risk after a string of losses thinking that a winning trade is imminent. Do not fall into this ‘thinking’trap! Those percentages of 3% to10% for me because of my high level of confidence in trading my proven system. If you are new to trading, your risk should be between 1% and 3% for a typical trade and 8%
maximum loss on any one trade.

AVERAGING A LOSS

This mistake is usually a holdover from trading equities or futures. In Forex trading, with 100 to 1 or greater margin,averaging a loss can be disastrous to say the least. A typical approach is that once you have entered a long position in the market and it drops lower, you might figure that since it was a good buy then, it is a better buy now. You may justify averaging down by figuring you will have a lower average entry price and require a smaller move to break even.

Unfortunately, you will lose twice as much if the market continues against you, as it almost always does. There are approaches that allow you to buy a market at one price level, add to the position at a lower level and add on again at even a lower level, as long as this was your predetermined game plan before you entered the trade initially.

Personally, I never trade this way but it is some manager’s strategy. You must also have an unmovable protective stop loss order that takes you out of the entire position.This mistake is easily overcome by having a strict rule to never average a loss unless your predetermined plan calls for averaging the trade in the case the market moves against you. This can be done with a pending unmovable protective stop loss order to exit the entire position if it is hit.

5..OVERSTAYING YOUR POSITION

One of the most common mistakes of trading currencies is overstaying a position, or simply failing to take profits at a predetermined level. There seems to be a natural law that the market is only going to allow one individual so much money before it starts to take it back. Yet, it is when you have these profits, especially real profits in your account that you often try to get the last nickel out of a trade. If the market meets your profit objective and you are in the trade without an exit order, then you are overstaying your position... period!

All too often the market breaks sharply through your “mental stop” and you watch as your profits disappear before your eyes. Then, you decide to hold the trade hoping for a small rally and the market never rallies enough. The trade profits fall back to break-even, and now you really begin to hope. Next thing you know, you are sitting on a loss. Be aware that a large profit can turn into an even larger loss.

The only exception to this would be if price action were moving strongly in your direction. In this case, you can move your protective stop to your profit target or use a
trailing stop.

4.TAKING SMALL PROFITS AND LET TING YOUR LOSSES RUN....

Welcome back to our series...........

A very common mistake among Forex traders is taking small profits and letting losses run. This is often the result of not having a trade plan. After one or two losing trades,you are likely to take a small profit on the next trade even though that trade could have turned into a large winner
that would have offset your previous losses. Letting losses run often happens to new traders and is not an uncommon problem among even professional Forex traders.

After entering a trade, you do not know where to get out. Once you start losing money on a particular trade, the tendency is to let the loss get larger and larger as you hope that the market will retrace to let you break even – which of course, it seldom does.

This mistake is overcome by using pre-determined protective stop loss orders or hedging to prevent your losses from running, and following your trade plan to take profits at
your profit targets.

3 NOT USING PROTECTIVE STOP LOSS ORDER

Welcome back our series on the common trading mistakes traders make during trading continues...have a swell time reading

This mistake fits right in with the lack of a trade plan and money management. It is the failure to use protective stop orders once you enter a trade – not mental stops, but real stops that cannot be removed. All too often, Forex traders use mental stops because they have been stopped out in the past and subsequently watched as the market moved in their direction. This does not invalidate the use of protective stops – it means that the stop was most likely in the wrong place, as it was likely not a good technical stop.

When a protective stop that was determined before a trade was entered is hit, it means the technical analysis was probably incorrect... your trade plan was wrong.With a mental stop, as soon as the market has gone throughBthe protective stop price, you no longer act like a rational
human being. Now, you are likely to make decisions based on fear, greed and hope. How many times have you had a mental stop and tried to make a decision whether or not to take a loss?

Typically, by the time the decision is made and acted upon, the market has run further against you. Invariably,you decide to hold onto the trade hoping that you can get out on a Fibonacci retracement to your previous stop price. Unfortunately in many cases, it never touches that
price again and you end up taking a large loss. Or, you make the mistake of holding the trade an extra day because you hope the market moves higher the next day. But the next day, the market is lower yet and by then the loss is so large you cannot “afford” to get out of the position – and what should have been a small loss turns into a disastrous loss.

There is an old saying that ‘the first loss is the smallest.’ It is also the easiest to take, even though it may seem hard at the time.The only way to overcome this mistake is to have an unbreakable rule with the discipline to follow it that a protective stop loss order or hedge must be placed on every trade.I have found the easiest way to take a loss is to place the protective stop order or hedge limit order the moment or immediately after entering the trade.Do your homework when the markets are slow. Place your orders while the market is still quiet. Another rule to follow – under no circumstances should an initial protective stop order be changed to increase the risk on a trade, but only to reduce it.

2.NOT HAVING A MONEY MANAGEMENT GAME PLAN

This is the second most common trading mistakes traders make.I am constantly amazed at the number of Forex traders and brokers that have no concept of ‘money management.’Money management is controlling risk through the use of protective stops or hedging, while balancing the potentialfor profit against the potential for loss.Here is an example of poor money management that I see.

Almost daily... many traders refer to a trade that might lose $500 if they are wrong and make $1,000 if they are right as a two-to-one risk/reward ratio. This is usually considered a
“decent” trade. What is wrong is that it is just as important to know the proper win/loss ratio as knowing how much you are going to lose if you are wrong and how much you are going to make if you are right, but what are the odds of making money... of being right? What are your odds of
losing money, or being wrong?

Good money management means knowing a trade’s profit objective and the odds of being right or wrong and controlling the risk with protective stops. You are better off with a trade where you might lose $1,000 if you are wrong and make $500 if you are right, if the trade works eight times out of ten, than to take a trade where you make $1,000 if you are right and lose only $500 if you are wrong, but the trade works only one time out of three. Developing and testing money management concepts is the way to overcome this problem. An entire book could be written on
money management principles, but the key is to know your win percentages along with proper risk/reward ratios.

Get the third most common mistakes by fx traders on the SUCCESS CAPSULES PAGE

NOT USING A "TRADING PLAN"

I did promised in my success capsule page on this blog that,I will be explaining in details the most common mistakes traders commit while trading.

Any coach in any sport will tell you, “You must have a game plan!” Well, the same thing is true in trading. I am in constant contact with hundreds of traders and I am truly baffled that, trade after trade after trade, one of the most common mistakes a trader makes is not having a defined
trading game plan.

A trader who thinks a market is about to go up will usuallysay something like –“I think the EUR/USD is going up to $1.3000. Where do you think I should buy it?” My response
is usually something like, “What are you risking on the trade? In other words, “Where are you going to get out if you are wrong?” Often the response is silence, or perhaps a puzzled “Huh?” No thought was ever given about being wrong or where to place the stop. My next question, “If it does go up, how and where are you going to get out?” I often receive the same response.

More than 90% of the Forex traders that I come in contact with have no trade plan. That means that they do not know what to do if they are wrong and they do not know what to do if they are right. The large paper profit they made often turns into a large realized loss because they did
not know where to get out.

The most important move a Forex trader can make is to develop a trade plan, before entering the trade. The trade plan should consist of these guidelines.

• Know how and where you are going to enter a trade.

• Know how much money you are willing to risk on the trade.

• Know how and where you are going to get out if you are wrong.

• Know how and where you are going to take profits if you are right.

• Know how much money you are going to make if you are right.

• Have a protective stop loss in case the market does the unexpected.

• Have an approximate idea of when a market should meet your trade objective.

When should the market begin to make its move, and if it does not move as expected, get out!

Any coach in any sport will tell you, “You must have a game plan!” Well, the same thing is true in trading. I am in constant contact with hundreds of traders and I am truly baffled that, trade after trade after trade, one of the most common mistakes a trader makes is not having a defined
trading game plan.

A trader who thinks a market is about to go up will usuallysay something like –“I think the EUR/USD is going up to $1.3000. Where do you think I should buy it?” My response
is usually something like, “What are you risking on the trade? In other words, “Where are you going to get out if you are wrong?” Often the response is silence, or perhaps a puzzled “Huh?” No thought was ever given about being wrong or where to place the stop. My next question, “If
it does go up, how and where are you going to get out?” I often receive the same response.
More than 90% of the Forex traders that I come in contact with have no trade plan. That means that they do not know what to do if they are wrong and they do not know what to do if they are right. The large paper profit they made often turns into a large realized loss because they did
not know where to get out.
The most important move a Forex trader can make is to
develop a trade plan, before entering the trade. The trade
plan should consist of these guidelines.
• Know how and where you are going to enter a
trade.
• Know how much money you are willing to risk on
the trade.
• Know how and where you are going to get out if you
are wrong.
• Know how and where you are going to take profits

THE FATAL FLAWS IN TRADING

Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit - and more importantly, do it consistently. How do they do that?
That's an age-old question. While there is no magic formula.

Why Do Traders Lose?

If you've been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to prevent that invisible hand from depleting your trading account funds.
Which brings us to the question: Why do traders lose? Or maybe we should ask, 'How do you stop the Hand?' Whether you are a seasoned professional or just thinking about opening your first trading account, the ability to stop the Hand is proportional to how well you understand and overcome the Five Fatal Flaws of trading. For each fatal flaw represents a finger on the invisible hand that wreaks havoc with your trading account.

Fatal Flaw No. 1 - Lack of Methodology

If you aim to be a consistently successful trader, then you must have a defined trading methodology, which is simply a clear and concise way of looking at markets. Guessing or going by gut instinct won't work over the long run. If you don't have a defined trading methodology, then you don't have a way to know what constitutes a buy or sell signal. Moreover, you can't even consistently correctly identify the trend.

How to overcome this fatal flaw?

Answer: Write down your methodology. Define in writing what your analytical tools are and, more importantly, how you use them. It doesn't matter whether you use the Wave Principle, Point and Figure charts, Stochastics, RSI or a combination of all of the above. What does matter is that you actually take the effort to define it (i.e., what constitutes a buy, a sell, your trailing stop and instructions on exiting a position). And the best hint I can give you regarding developing a defined trading methodology is this: If you can't fit it on the back of a business card, it's probably too complicated.

Fatal Flaw No. 2 - Lack of Discipline

When you have clearly outlined and identified your trading methodology, then you must have the discipline to follow your system. A Lack of Discipline in this regard is the second fatal flaw. If the way you view a price chart or evaluate a potential trade setup is different from how you did it a month ago, then you have either not identified your methodology or you lack the discipline to follow the methodology you have identified. The formula for success is to consistently apply a proven methodology. So the best advice I can give you to overcome a lack of discipline is to define a trading methodology that works best for you and follow it religiously.

Fatal Flaw No. 3 - Unrealistic Expectations

Between you and me, nothing makes me angrier than those commercials that say something like, "...$5,000 properly positioned in FOREX can give you returns of over $40,000..." Advertisements like this are a disservice to the financial industry as a whole and end up costing uneducated investors a lot more than $5,000. In addition, they help to create the third fatal flaw: Unrealistic Expectations.

Yes, it is possible to experience above-average returns trading your own account. However, it's difficult to do it without taking on above-average risk. So what is a realistic return to shoot for in your first year as a trader - 50%, 100%, 200%? Whoa, let's rein in those unrealistic expectations. In my opinion, the goal for every trader their first year out should be not to lose money. In other words, shoot for a 0% return your first year. If you can manage that, then in year two, try to beat the Market. These goals may not be flashy but they are realistic, and if you can learn to live with them - and achieve them - you will fend off the Hand.

To your online trading success
D Cybertycoon
Steve

FATAL FLAWS OF TRADING

Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit - and more importantly, do it consistently. How do they do that?

Why Do Traders Lose? If you've been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn't seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can't seem to prevent that invisible hand from depleting your trading account funds. Which brings us to the question: Why do traders lose? Or maybe we should ask, 'How do you stop the Hand?' Whether you are a seasoned professional or just thinking about opening your first trading account, the ability to stop the Hand is proportional to how well you understand and overcome the Five Fatal Flaws of trading. For each fatal flaw represents a finger on the invisible hand that wreaks havoc with your trading account. Fatal Flaw No. 1 - Lack of Methodology If you aim to be a consistently successful trader, then you must have a defined trading methodology, which is simply a clear and concise way of looking at markets. Guessing or going by gut instinct won't work over the long run. If you don't have a defined trading methodology, then you don't have a way to know what constitutes a buy or sell signal. Moreover, you can't even consistently correctly identify the trend. How to overcome this fatal flaw? Answer: Write down your methodology. Define in writing what your analytical tools are and, more importantly, how you use them. It doesn't matter whether you use the Wave Principle, Point and Figure charts, Stochastics, RSI or a combination of all of the above. What does matter is that you actually take the effort to define it (i.e., what constitutes a buy, a sell, your trailing stop and instructions on exiting a position). And the best hint I can give you regarding developing a defined trading methodology is this: If you can't fit it on the back of a business card, it's probably too complicated. Fatal Flaw No. 2 - Lack of Discipline When you have clearly outlined and identified your trading methodology, then you must have the discipline to follow your system. A Lack of Discipline in this regard is the second fatal flaw. If the way you view a price chart or evaluate a potential trade setup is different from how you did it a month ago, then you have either not identified your methodology or you lack the discipline to follow the methodology you have identified. The formula for success is to consistently apply a proven methodology. So the best advice I can give you to overcome a lack of discipline is to define a trading methodology that works best for you and follow it religiously. Fatal Flaw No. 3 - Unrealistic Expectations Between you and me, nothing makes me angrier than those commercials that say something like, "...$5,000 properly positioned in Natural Gas can give you returns of over $40,000..." Advertisements like this are a disservice to the financial industry as a whole and end up costing uneducated investors a lot more than $5,000. In addition, they help to create the third fatal flaw: Unrealistic Expectations. Yes, it is possible to experience above-average returns trading your own account. However, it's difficult to do it without taking on above-average risk. So what is a realistic return to shoot for in your first year as a trader - 50%, 100%, 200%? Whoa, let's rein in those unrealistic expectations. In my opinion, the goal for every trader their first year out should be not to lose money. In other words, shoot for a 0% return your first year. If you can manage that, then in year two, try to beat more trades. These goals may not be flashy but they are realistic, and if you can learn to live with them - and achieve them - you will fend off the Hand. To your trading success D Cybertycoon