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I am starting this Thread because of the different challenges folks are facing with Forex Trading. 
I have been trading forex forthe past 4years now and
i know with my wealth of experience i can help out
one way or the other.

So let us know what your biggest challenge is in trading forex and i will help you
out to the best of my knowledge.  Other forex pro are also welcome on board.


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We all want to make money online because most people
love the idea of making money while they are at home.
We read Internet marketing e-books and attend Internet marketing seminars.
But not all of us will make money online.
Why did I say that? Because most of the online wealth seekers I?ve come
across keep doing the things that will waste their time and won?t make them money.

If you want to make money online in Nigeria or anywhere else for that matter,
there are things you must do.
If you don?t do them, you won?t succeed online.  That is a fact. 
Knowing and doing those things is crucial to your success online.
So what are those things you must do to succeed online in Nigeria?

Here they are:

1. You Must Have Your Own Website:
This is where a lot of Nigerians get it wrong.
The importance of having your own website cannot be over emphasized.
Having your own website will give you the credibility you need online. 
A blog is not enough.  Your own website should be your ?shop? online.
Your website is your online identity.  It is what you will be promoting and
it is where people will be visiting to know more about you.
Setting up your own website is no big deal. 
Just register a domain name for only $8 and get a web hosting account for $10 a month or less.
Design your website with a FREE tool at NVU. com and upload
using it?s in built FTP.  You can do all these in less than an hour.

2.  You Must Create Your Own Product:

Forget the noise about google adsense and affiliate marketing. 
Your key to success online is to create and sell your own products.
Granted, you surely can make decent money from affiliate marketing and adsense,
the future of your business however depends on your own products.
Take a cue from the affiliate marketing and adsense experts. 
They have their own products.  Top affiliates like Ewen Chia and Rosalind Gardner have their own products.
Also, adsense experts like Joel Comm and Michael Cheney have their own products.
It?s very easy to create your own products especially if you sell information products.
You can conduct and interview with an expert in your niche and convert it into a manual.
You can also buy private label rights and have your own product up online within an hour, without writing!

I will tell you about the remaining two things you must do to make
money online later on.

PS: Make sure you take action on these points dont just read it alone
but take actions.

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« on: April 06, 2011, 10:35:14 AM »
One of the biggest problems online marketers face

is driving targeted TRAFFIC to their websites.   They

know that without traffic, no one will buy their products. 

I have decided to discuss traffic techniques with

you here.   I mean traffic that really converts. 

The number one thing you must do is to ask

yourself a very important question:

How Much Traffic Do You Want?

It's important to determine what we're actually looking for. 

I hope no one is just planning to have a gush and

non stop flow of traffic day in day out. 

You must have a Masterplan

Here's what I mean. 

If you're selling an ebook on a website for $10 and you covert 5% of your visitors to buyers, that means you will be needing 100 unique visitors a day to earn $50 a day.   That is $1,500 a month. 

If you want $3,000 a month, then you should target about 200 visitors a day and so on. 

If you have a forum and you want about 5 new members a day, and you convert 5% of your visitors to members then you need 100 visitors a day and so on. 

I'm not suggesting that you should limit yourself.   Rather, I'm saying that, you should have a base you want to build and grow on. 

There Is No Magic Source

You have to understand that traffic is serious work. 


There is no quick fix to it. 

You Will Spend Money Or Time.  .  .   OR BOTH!

In most cases you will have to do both. 

Do Not Buy Hits

I'm sure you've seen something like this in the past online. 


Anytime you see that online, just reach for the exit button.   ITS A BIG SCAM

The reason is that they don't work.   You will see the hits on

your log truely but there will be no activity on

your site.   It's just a gimmick. 
Save your money.  .  .   Or rather buy me a beer.   

Get In Front Of Your Prospects

If there is any secret to traffic generation at all (there is none actually), this comes close.   The best thing for you to do is to determine where your potential customers are and get in from of them. 

If your prospects are visiting a particular forum, then go there and let them see you.   If they are reading a particular newspaper, then go there and advertise. 
If they are watching Youtube.  com videos, then go there and create your own promotional videos. 
Just make sure you are doing something to get in their faces. 

I'm always looking for ways to stay in front and in the minds of my prospects. 

So do the same as well. 

That's it for now.   I will soon start showing you the techniques that have worked for me and my clients so make sure you keep an eye on this thread. 

To be continue

Post Merge: April 08, 2011, 06:12:29 AM
Let Move On now

The first technique I will be sharing with you today is a paid technique. 
It is a technique that works well if you target the Nigerian market.

I've been using this technique for some time now and it's never failed me. 
It involves placing your ads in targeted newspapers and magazines. 
Please not the word TARGETED.  This means that
you should advertise in place where your prospects read.
Never ever advertise a football manual in a romance magazine
but rather in a sport magazine like Complete sports.
Only advertise where your target audience is.

Print advertising is expensive so I always suggest that you place only small ads. 
Ads like 2" by 1" or 2" by 2".  As long as you write it well, people will notice it.
When you advertise, make sure you direct your prospects to where you will capture their email addresses
before sending them to your offer.
You can either send them to an autoresponder or to a squeeze page.

This allows you to have a list of hungry prospects who you can always send mails to
and create a relationship with as time goes on.

You need to write your ad well or people will not see it.
You have to understand that people see ur AD before they even buy your products,
if your AD is not convincing enough you wont make a sale. 

This method works for me ALL THE TIME.  It's the first traffic technique I used and maybe
that is why I love it.

See you guys soon

I am not in the habit of saying something that
is not realistic, that's why am going to take you
in this series what you need to start an information
products biz in Nigeria.   

Believe it or not we are in the information age and people
are ready to pay you good money for what you know.   
I have seen info products that is sold for $10k per participant
and people are on the queue to pay for it.   

I am not going to make it complex at all but deliver it to you
in a very simple manner on how you can start no matter where
you are today.   

These are the things you will need to start:

1) A product

2) An Email Address

3) An Autoresponder Account

4) A Sales Letter

5) Follow Up Email Messages

6) Promotion

7) N20,000 Or Less!

With the above, you can launch your own N100k plus/month  business in 7 days or less!

The series has just started

Just keep your eye on this thread as i unfold the series to you.   


Post Merge: April 06, 2011, 04:49:50 AM
Lets move on from the last time.  .  .  .  .  .  .  .  .  . 

Like I said earlier, you will be needing 7 things to start this. 
Let's start with the first.  .  . 

A Product To Sell

You need a product to sell to make money with this system.   An information product. 
An information product is anything or guide that can teach people how to do something. 
It could be a manual, e-book, book, audio tapes etc. 
Information products could be about anything. 
It doesn't have to be about making money online like
a lot of people think. 

Information Products could be:
-How to attract the opposite sex
-How to make money through football betting. 
- Time management. 

It could be base on just about anything that you
can seamlessly write about. 

I've seen an information product on 99 ways to open a beer bottle.   I don't know how many copies were
sold but that should tell you this concept could be about any topic. 

To give you ideas on what you can create, go to
hxxp: www.  clickbank.  com/marketplace.  htm
There are over 10,000 products there you can get ideas from.   Make sure you look through. 


The truth is that you don't need to be a William Shakespare to create information products. 
Here are ways of creating them without writing. 

- Interview an expert, record and transcribe it
- Organise a seminar, invite people to speak and record
- Use private label materials. 
I'm sure you can come up with an information product if you are very determined. 

Talk to you soon. 

Post Merge: April 08, 2011, 06:27:23 AM
Onward. . .

The next thing we will be needing is an email address.
You will need a regular contact with your prospects and customers and email is the
cheapest way out.  Everyone here has an email address. 
You can however open a new one for your campaign so as you don't mix up personal emails with
your business emails.  A free yahoo address will do.

You will also be needing an auto responder for your campaign

The next thing you will be needing is an auto responder account.
An auto responder is an automatic response robot made possible by the Internet.
When you place an ad and tell people to ask for more information, you can't possibly
be sending your messages to hundreds of people one by one.

You will need an auto responder where you will program your messages.  When people
send emails to your auto responder, your sales messages are triggered and they begin
to arrive in their inbox.
There are many auto responder services out there.  The best are aweber. com and
getresponse. com
I recommend getresponse. com to Nigerians because they have a free version you can start with before you spend money.

So go to getresponse. com and sign up.

I have found out that its very possible to make
big money online even here in naija.  Let me say a big
thank you to someone i love to call the EWEN CHIA OF NAIJA
In the person of Akin Alabi.  I am a very active forex trader but

I have learn a great deal from him and this is one of the piece i have
culled from him.

You see, it is easy to make money online, but it's not easy to make BIG money.
Let me explain.  It's easy to set up a site and slap some adsense on it to make a few bucks
or do some adwords to promote an affiliate product.

That way you can make a few bucks here and there.
But that's not what I'm talking about.  I'm talking about the big bucks.
Thousands of dollars and millions of naira.

There is only one way to do it.


When you sell high priced products, you need just a few customers to make the big bucks.
But with a low price, you need lots of people to sell to.

For example, if you want to make One million naira, you need to sell 1,000 copies of a
N1,000 product.
To sell to 1,000 people, you'll probably need
about 50,000 targeted visitors to view your
offer(That's a 2% conversion ratio)

But if you sell a N20,000 product, you'll only need to sell to 50 people.
Another reason why I prefer selling high priced products is that
those that buy them are easier to deal with.
You better believe that. 

A person that pays you N50,000 will be more sophisticated
and polite to you than the person that paid N1,000

I've had BIG BIG problems with people that ordered N500 products from me.

Yes I know.  It's their money and they have every right to ask questions. 
But that's not the point.

The point is YOU WANT TO MAKE BIG BUCKS so don't waste too much time on such people.
Your time is very important.

Now I'm not saying you should just go and change the price of your products from N2,500 to N25,000
Rather, find a way to add value to it so you can increase the price.
If you've got a big manual, try breaking it down into different parts
and also do an audio and video version.
Think creatively and you'll come up with your own premium priced

That is the factor that has catapulted my
business from $500 to $5,000 per month in earnings.

And as I fine tune the act, I expect to reach the $10,000 mark very soon.

I wish you all the best.

« on: March 30, 2011, 09:48:13 AM »
I have some collections of ebooks on forex that i love to give away to everyone that is interested.  From the very popular babypips to a whole lot more that you must read as a forex trader.
If you interested,just shoot me a mail to coolfxman@yahoo. com with the subject send me the FREE FOREX EBOOKS and i will forward it to your box.

« on: March 29, 2011, 03:16:58 PM »
I just want to know if anyone here has lost any amount to the ATM due to error on the bank's part? My younger brother who is serving is at the moment facing such challenge, he place a withdrawal through his card, the money was deducted from his account but he did not get to pick any physical cash from the machine.
Let me know what your opinion is and you can share your personal experience too.

STOCK and FOREX EXCHANGE / Forex Trade Alerts
« on: March 28, 2011, 10:56:50 AM »
I am going to be using this thread to post forex trade alerts, i also want to say that anyone is also welcome to post their own trade alerts here because i really believe in partnership.         
I have been trading forex for more than 3years now and just recently i have kept my focus on just two pairs which are EU and GU.          I will be sharing my trade alerts with you guys and i also want other people who trade actively to join me here.         

For today:
 At the moment EU will be a very good sell at the break of 1.         4025 till it gets to 1.         3912.          I wil suggest that you only use 2-4% of ur account in any given trades and never trade without stop loss.         


To all of our success.         

Post Merge: March 28, 2011, 06:09:01 AM
Did i hear someone say i really dont think selling rigth away is a bad idea? Sure its not but over time i have learn to respect support and resistance, i can tell you that it has really been profitable when you trade at the break of strong support and resistance (of course with a very good money management).       

Post Merge: March 29, 2011, 04:16:35 AM
Hello guys,
I kind of was busy this morning but of course i have already taken some green pips on EU ;) ;).        However i feel EU still has a lot of potential to get to 1.       4207, so u can still go long on EU.       
However my pending on GU is yet to be triggered, so am gonna take a buy on GU at the break of the resistance 1.       6043 till it gets to 1.       6140.       
Please dont forget to protect your capital by using between 2%-4% of money.       

Post Merge: March 29, 2011, 07:46:51 AM
Its time to sell EU now guys, take position now to the short side and take profit at 1.      4029.     

Please use your discretion to set your stop loss.     

Post Merge: March 30, 2011, 04:43:50 AM
I am still going to give us a very good entry point soon, probably during the new york session.     

Post Merge: March 30, 2011, 09:08:38 AM
EU seems undecisive today but mostly like to fall in my opinion.     So am going to go short at the break of the support 1.    4059 while i think its good to go short on gu right now.   
Happy trading people.   

Post Merge: March 31, 2011, 04:14:19 AM
I am going long on GU at the break of 1.   6143 till price gets to 1.   6223.   

Post Merge: April 04, 2011, 04:29:27 AM
I hope you guys have a great weekend?

Technically EU has been in a very strong uptrend especially just testing
the high if last month at 1.  4267.   I will especially pay attention to buy trades
and try to be very careful with sell calls. 
Therefore am going to take a buy or go long on EU at the break of the resistance
at 1.  4267 and buy till price gets to 1.  4489. 
BUY EU at 1.  4287
      TP1: 1.  4335
      TP2: 1.  4390
       TP3: 1.  4470
       SL: 1.  4200

I will consider both options here but i will pay close attention to buying more here than selling too. 

Buy GU @ 1.  6184
           TP1:1.  6265
           TP2: 1.  6353
          SL: 1.  6120

SELL GU @ 1.  6064
          TP: 1.  6027

Please ensure you always use your stop loss and also ensure you dont over leverage your account. 
Remember tomorrow is another day to make money, so i suggest that you don't use more
than 4% of your account per trade. 

Happy trading. 

Post Merge: April 06, 2011, 04:17:08 AM
Hello Guys,
Though i did not post here yesterday because i was
kind of busy but if you still hold on to monday signal
your account shld be green by now.

You will notice that our GU has already hit the 1st target
and on its way to the 2nd.

I suggest that you hold on to the buy on EU too
if u are still inside.


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