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5 ways to make money online

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In today’s fast-paced world, where the cost of living continues to rise, many individuals find themselves seeking additional ways to boost their income.

The internet has opened up many opportunities, but trading and investing stand out as the prime choices. With plenty of educational resources at your disposal diving into the financial markets has never been easier.

One of the most appealing aspects of trading and investing is unparalleled flexibility. Unlike traditional 9-to-5 jobs, the financial market operates around the clock, enabling you to participate at any time and from anywhere.

Whether it’s stocks and currency trading, which are available 24/5, or the ever-thriving crypto market that operates 24/7, you can craft your trading schedule to suit your lifestyle.

Another enticing aspect is that you don’t need a fortune to start. For example, NordFX – international broker caters to both seasoned traders and newcomers, allowing you to begin with small investments and gradually grow your portfolio as you gain confidence and experience.

With the potential for passive income, trading can complement your primary occupation or even become a full-time pursuit, granting you the autonomy to work for yourself.

In this article, we will delve deeper into the various ways to make money, exploring different trading strategies, and investment opportunities, and highlighting the remarkable advantages.

So, buckle up as we embark on a journey towards financial freedom through the exciting world of trading and investing.

1. Copy Trading – Effortless and Popular:

Copy Trading is a revolutionary concept that transforms the financial markets. It allows users to replicate the trades of experienced professionals, known as “strategy providers,” without the need for constant monitoring or decision-making.

This method is popular due to its accessibility for beginners, time efficiency, diversification benefits, transparent data, and user control.

Copy Trading’s popularity can be attributed to:

  • Accessibility: Beginners can participate confidently without in-depth market knowledge, relying on expert traders’ insights
  • Time-Efficiency: Users save time on research and analysis, as strategy providers handle the decision-making process.
  • Diversification: By copying multiple providers, users can diversify their investments across various assets and trading styles.
  • Transparent Data: Comprehensive statistics and performance data empower users to make informed decisions.
  • Control and Flexibility: Users retain control over fund allocation, pause copying, or switch providers as needed.

NordFX Copy Trading opens doors for individuals of all backgrounds to explore the world of trading and investing with ease and confidence.

2. Trading Stocks and Indices:

Stocks have gained tremendous popularity due to their potential for substantial returns and the opportunity to own shares in successful companies.

Online trading platforms provide easy access to stock trading. To start trading stocks with ease, follow these steps: register an account, complete verification and funding, conduct market research, select stocks and indices, place trades, and monitor and manage your investments.

3. Trading Cryptocurrencies, Metals, and Currencies:

Beyond traditional stocks, traders can explore various assets including cryptocurrencies, precious metals, and forex (currency trading).

Cryptocurrencies offer potential profits due to their 24/7 market availability and volatility. Precious metals, such as gold and silver, act as safe-haven assets during economic uncertainties. Forex trading provides ample opportunities with its 24/5 market operation and leverage advantages.

Why Trade Cryptocurrencies with NordFX

  • 24/7 Market: Crypto markets operate 24 hours a day, seven days a week, providing ample opportunities for trading at your convenience.
  • Volatility and Opportunities: Cryptocurrencies are known for their price volatility, presenting the potential for significant returns within short periods.
  • Diversification: Adding cryptocurrencies to your portfolio can diversify risk and open up new avenues for profit.

4. Affiliate Program – Unlocking Lucrative Opportunities

Affiliate Program offers a unique and rewarding way for individuals to make money by promoting the broker’s services to potential clients.

It presents a win-win situation, where affiliates can earn attractive commissions while helping others discover the benefits of trading. Let’s explore how the affiliate program works and how you can capitalize on it to generate income.

How the NordFX Affiliate Program Works

Registration: To become a NordFX affiliate, you need to sign up for the program through the NordFX website. The registration process is simple and free.

Unique Referral Link: Upon registration, you will receive a unique referral link that is specific to your affiliate account. This link tracks the clients you refer to NordFX, ensuring you receive credit for each successful referral.

Promotion and Marketing: As an affiliate, your primary role is to promote NordFX’s services to potential clients. You can use various marketing channels, such as social media, blogs, websites, and other online platforms, to reach a broader audience.

Client Referrals: When someone clicks on your unique referral link and registers a trading account with NordFX, they become your referred client. NordFX’s system associates the client with your affiliate account, ensuring that you are credited for their activity.

Commission Structure: NordFX offers competitive commission structures to its affiliates. The commission may be based on the trading volume generated by your referred clients or the number of new clients you bring to the platform.

5. PAMM Investing – Maximizing Profits:

For investors seeking a passive approach, NordFX offers PAMM Investing. This system allows individuals to allocate funds to experienced traders (PAMM Managers) to handle trading on their behalf.

PAMM Investing benefits include expert management, diversification, passive income, and flexibility in investment amounts. Simply choose a PAMM Manager, allocate funds, and enjoy profit distribution based on agreed percentages.

Business

Emirates Airlines return to Nigeria October 1

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Emirates Airlines has confirmed its return to operations in Nigeria starting October 1, 2024.

The airline disclosed this via its official X handle Thursday.

“We’re back, Nigeria! We’ll be resuming services to Lagos from 1 October 2024, and we can’t wait to offer unrivalled connectivity to Dubai and beyond to over 140 cities,” the tweet read.

The airline will be operating a daily service between Lagos State and Dubai, and will offer customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai.

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Business

Naira appreciates at official window, depreciates at parallel market

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The naira depreciated to N1,550 against the dollar at the parallel section of the foreign exchange (FX) market on Wednesday.

The current FX rate signifies a decline of 1.95 percent from the N1,520/$ reported on May 13.

Currency traders, also known as street traders, in Lagos, quoted the buying rate of the local currency at N1,510/$ and the selling rate at N1,550/$ — leaving a profit margin of N40.

At the official window, the local currency appreciated by 4.21 percent against the dollar from N1,520.4/$ on May 14 to close at N1,459.02 on Wednesday.

According to FMDQ Exchange, a platform that oversees the official window, a dollar was sold as high as N1,593 and at a low rate of N1,401 during trading hours.

The daily foreign exchange market turnover was $289.14 million.

On May 14, the Economic and Financial Crimes Commission (EFCC) said foreign missions based in Nigeria use third parties to transact in foreign currencies.

Speaking during an interview, Wilson Uwujaren, EFCC’s acting director of public affairs, said the commission has a task force whose duty is to fight the abuse of the naira and discourage transactions in dollars within Nigeria — which is against the law.

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Business

To spur liquidity’ — CBN grants approval in principle to 14 new IMTOs

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The Central Bank of Nigeria (CBN) has granted approval in principle (AIP) to 14 new international money transfer operators (IMTOs).

IMTOs carry out cross-border fund transfer services for individuals and entities residing abroad to recipients in Nigeria.

Approval in principle is a conditional acceptance of a proposal subject to meeting other requirements for final approval.

CBN granted the AIP amid plans to double foreign currency remittance flows through formal channels.

Hakama Sidi Ali, CBN’s acting director of corporate communications, spoke in Abuja on Wednesday.

Ali said the approval will help increase the sustained supply of foreign exchange in the official market by promoting greater competition and innovation among IMTOs to lower the cost of remittance transactions and boost financial inclusion.

“This will spur liquidity in Nigeria’s Autonomous Foreign Exchange Market (NAFEX), augmenting price discovery to enable a market-driven fair value for the naira,” she said.

Ali also said the move by the apex bank is a means of reducing the historical volatility in Nigeria’s exchange rate caused by external factors, such as fluctuations in foreign investment and oil export proceeds.

On April 20, Olayemi Cardoso, CBN governor, said the financial regulator collaborated with IMTOs to collectively commit to doubling remittance flows through formal channels into Nigeria.

“We’ve had very productive discussions with leading IMTOs where we collectively committed to doubling remittance flows through formal channels into Nigeria in the immediate short to medium term,” Cardoso said.

He said CBN has also set up a task force to address bottlenecks hindering flows through formal channels.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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