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Types of currency pairs

2009-06-01T02:44:00.000-07:00

There are two types of currency pairs.

The Majors
The Cross pairs or Cross currencies

The Majors

These are currency pairs that include the US Dollar (USD) as one of the currencies in the pair. They are as follows;

GBP/USD {GBP traded against USD}

EUR/USD

AUD/USD

NZD/USD

USD/CHF

USD/JPY

USD/CAD

The Cross pairs (Cross currencies)

These are currency pairs that do not contain the US Dollar (USD) as a currency in the pair. These include;

GBP/JPY

GBP/CHF

EUR/GBP

EUR/JPY

EUR/CHF

EUR/AUD

AUD/JPY

Analysis of a currency pair

A currency pair consists of two currencies;

The Base Currency

The Quote Currency (Counter Currency)

The Base Currency

This is the first currency of a currency pair. It is usually located on the left hand side of a currency pair.
e.g.

GBP/USD

Base Currency

The value of the base currency is always 1 (one) in relation to either the increasing or decreasing values of the second Currency pair.

This implies that the value of the base currency is always greater or stronger than that of the quote currency.

The base currency is the basis of the buy or sell transaction.

This means that whatever action we take on a currency pair; we take that action on the base currency of that currency pair.

Example;

If we say, buy GBP/USD currency pair, we are actually saying, buy GBP since GBP is the base currency of that pair.

Since Forex trading involves the simultaneous buying of one currency and selling of another currency in a given currency pair, when we say; buy GBP/USD currency pair, it also means buy GBP then silently sell USD. Likewise, if we say, sell GBP/USD pair, we are automatically saying; sell GBP and silently buy USD. For us to be able to buy or sell the quote currency which is the second currency in the currency pair, we have to do the opposite of that action to the base currency.

Example

If we want to buy USD in GBP/USD currency pair, we will have to do this indirectly by selling the base currency which is GBP so as to indirectly buy our target currency which is the USD. This is because action must first be taken on the base currency of every currency. Therefore any action we want to take on the quote currency must be done indirectly, i.e. by doing the opposite to the base currency. Therefore if you wish to buy the quote currency, simply sell the base currency and vice versa.

The Quote Currency (Counter Currency)

This is the second currency of a currency pair. It is usually located at the right hand side of every currency pair. The value of the quote currency is ever changing (varies) in response to the current situation/event taking place in the forex market. When you hear that a currency pair appreciated or depreciated, it is the value of the quote currency that represents or reflects this appreciation or depreciation of that currency pair. Remember that the value of the base currency is always 1 (always constant

GBP/USD

Quote Currency

Example

If the value of GBP/USD moves from 1.2344 to 1.2345, it is said that value of GBP has appreciated against the USD. This also means that the value of the USD which is the quote currency in this pair has depreciated or decreased against the GBP.

It also means that initially, 1 GBP was worth 1.2344 USD but presently, 1 GBP is worth 1.2345 USD.

LOGIC

In a currency chart, the prices displayed on the right hand side of the chart represent the ever changing prices of the quote currency.

Note;
The base currency is always the owner of the currency chart and its value remains constant at 1 irrespective of what happens to the price of the quote currency.

ILLUSTRATION

BASE QUOTE REMARKS

Value = 1 Moved from The number of the Quote Increased, therefore the

1.2344 – 1.2354 Quote currency has lost value or weakened in value

and automatically the Base has gained Value.

ACTION : Buy the currency pair.

Value = 1 Moved from The number of the Quote decreased, therefore the

(Constant) 1.2344 -1.2324 Quote decreased, therefore the Quote currency has

gained value or strengthened in value and

automatically the Base currency has lost some of its

previous value.

ACTION : Sell the currency pair.

When the prices of the quote currency increases, it means that the quote currency losses value against the base currency and subsequently this implies that the base currency is gaining value or appreciating against the quote currency.

ANALYSIS OF A CURRENCY QUOTE

1 GBP = 1.2344 USD

Explanation

This implies that you have to bring or spend 1.2344 USD in order to receive or obtain
1 GBP.

Quote Currency
1 GBP = 1.2344/1.2347 (USD)

Bid Price Ask Price

Bid Price

The bid price of a currency quote is the price which your broker allows you to sell each unit of the base currency.

The bid price is also known as the selling price. This is the amount of money you will get in terms of the quote currency if you decide at any time to sell one or more units of the base currency. Since the bid price is derived from the quote currency, it implies that it constantly changes as the market price changes. The bid price also represents the real current market price.

Ask Price (Offer Price)

This is the price which your broker will allow you to buy each unit of the base currency.

The ask price is an artificial price created by your broker so that he can enjoy a small commission from every trade you place or execute. The ask price is derived by adding a small number to the bid price

Currencies and Currency Pairs

2009-06-01T02:42:00.000-07:00

Currency Symbols

In Forex trading, currencies are traded in pairs. There are more than 25 currency pairs that are traded electronically in the Forex market; however most of the money are made from seven currency pairs, known as the Majors.

The Majors

These are as follows:

US Dollars (USD) Nickname {Green back}

Great British Pounds (GBP) Nickname {Cable}

The Euro (EUR)

Australian Dollars (AUD) Nickname {Aussie}

New Zealand Dollars (NZD) Nickname {Kiwi}

Canadian Dollars (CAD) Nickname {Loonie}

Japanese Yen (JPY)

Swiss Franc (CHF) Nickname {Swissy}

Currency Pairs

As we already know, Forex trading involves the simultaneous buying and selling (exchange) of one currency for another. This implies that for every transaction that takes place in the Forex market, there must always be 2 currency pairs involved. Thus, it will be safe to say that currencies are traded in pairs, one for the other.
In Forex trading, when you buy one currency in a currency pair, you are automatically selling the other. Likewise, when you sell one currency in a currency pair, you are automatically buying the other currency in that same pair

Market Trading Hours

2009-06-01T02:41:00.000-07:00

The Forex market is a 24 hrs market. It opens 24 hours a day, from Sunday 10pm Nigerian time till Friday 11 pm Nigerian time. Between 11.01pm on Friday to 9.59pm
on Sunday, the market remains temporarily closed and no trading goes on.
The market opens daily by 10 pm, starting from the New Zealand Session. It then moves to the Australian Session, then to the Asian Session, then to the London Session and finally to the New York Session, where it stays till it closes by 11pm Nigerian Time.

The Timing

New Zealand Session opens by 10:00 pm Nigerian time and closes by 4:00 am Nigerian time.

Australian (Sydney) Session Opens by 12 midnight and closes by 10:00 am

Asian (Tokyo) Session opens by 1:00 am and closes 10:00 am

London (European) Session opens by 9:00 am and closes by 6:00 pm

New York (US) session opens by 2:00 pm and closes by 11:00 pm

Market Intersection (Open at the same time)

Market intersection simply refers to those periods of the day when more than one Forex market session is open. During periods of market intersection, more traders usually participate in the Forex market. This, results in greater market volatility and volume in terms of more money exchanging hands faster between traders. For the smart Forex trader, market intersection, provides an excellent opportunity to make more profits in less time with less effort. It also offers some of the best times to trade.

New Zealand Session intersects with Australian Session from 12 midnight - 4:00 am

New Zealand Session, Australian Session and Asian Session, all intersect with one another from 1:00 am - 4:00 am

Australian Session intersects with Asian Session from 1:00 pm - 10:00 am

Australian Session Asian Session and London Session, all intersect with one another from 9:00 am – 10:00 am
London Session intersects with New York Session from 2:00 pm - 6:00 pm

ADVANTAGES OF FOREX TRADE

2009-06-01T02:37:00.000-07:00

There are many benefits and advantages to trading Forex. Here are just a few reasons
why so many people are choosing this market:

• A 24-hour market. There is no waiting for the opening bell. From Sunday evening to Friday afternoon EST, the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you can choose when you want to trade morning, afternoon or night.

• Market Liquidity. Because the Forex Market is so humongous, it is also extremely liquid. This means that with a click of a mouse, under normal market conditions, you can instantaneously buy and sell at will. This is because of the availability of millions of traders participating in the same market. You are never "stuck" in a trade. You can even set your online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop loss order).

• Profit from rising and falling market. The Forex market is a 2 way market. This means that you can make money irrespective of the direction that the market is moving at any point in time.

• No commissions. No clearing fees, no exchange fees, no government fees, no
brokerage fees. Brokers are compensated for its services through the bid-ask spread.

• No middlemen. Spot currency trading away with the middlemen and allows
clients to interact directly with the market responsible for the pricing on a
particular currency pair.

• No fixed lot size. In the futures markets, lot or contract sizes are determined by
the exchanges. A standard-size contract for silver futures is 5000 ounces. In spot
Forex, you determine the lot size. This allows traders to participate with accounts
as small as $300.

• Low transaction cost. The retail transaction cost (the bid/ask spread) is typically
less than 0.1 percent under normal market conditions. At larger dealers, the spread could be as low as .07 percent. This will be explained later.

• No one can corner the market. The Forex market is so huge and has so many participants that no single entity, not even a central bank, can control the market price for an extended period of time. Even interventions by mighty central banks are becoming increasingly ineffective and short-lived. Central banks are becoming less and less inclined to intervene to manipulate market prices.

.Leverage. In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. For example, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. But leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

• Free “Demo” Accounts, News, Charts, and Analysis. Most online Forex brokers offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for “poor” traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.

• 'Mini' Trading: You would think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex brokers offer "mini" trading accounts with a minimum account deposit of $300. This makes Forex much more accessible to the average individual who doesn't have a lot of start-up trading capital.

Forex Trading Made Simple

2009-06-01T01:58:00.000-07:00

A very warm welcome to this adventure you are about to undertake. You are about to be gin a journey which will take you into the depths of the financial world and make you financially free at the same time. To prepare for this journey, you will need to don your thinking cap as this trip has a “steep learning curve”

By following the training and methods taught in this manual, you can utilize the time before you leave for work in the morning and the time you return home in the evening to earn you an extra $500-$1000! We’ve got to go through a lot of information in order for you to start trading successfully. I do understand that you want to rush out there and start making lots of money but this particular course takes time. Please make the effort to go through this manual at least twice so it gives time for the information to sink in.
To achieve $500-$1000 a wee k as spare income, it will take some time to learn the basics and then some more time to implement a method and various techniques to trade profitably.

$1000 per week is easily achievable with this business. Don’t believe me? There are already thousands of individuals using their time to trade currencies who are making
more money than their regular job income. Most of them are now doing this full-time, as the earning potential is truly unlimited.

You can do this from any country in the world, even whilst on holiday. Remember, all you need is a decent computer, internet connection, and a little starting capital.
You can start with as little as $300, but $2000 is the recommended amount.
You don’t need to risk a single penny whilst learning, as you will learn to trade currencies with a demo or dummy account which will imitate a real account. This will allow you to buy and sell currencies
just as if you were buying and selling in the real world. However, you won’t lose or make any real money. You will be able to see your dummy account grow by $500-$1000 per week from your initial starting capital.

The reason I’m quoting currency in $$$ and not any other world denomination is simply because you will be dealing with US Dollars more than any other currency.

With this business, you don’t need any stock, employees or anything else that goes along with a traditional business. All it requires is a little computer time and some simple chart analysis (market research).

When you buy and sell currencies, you are said to be dealing in the “Foreign Exchange” market, or “Forex”market or “FX” market for short.

As a Forex trader, you will face some tough decisions from time to time. In this manual, you will learn when and where to place trades (buy or sell currency) to achieve a minimum of $500-$1000 or more per week.

Let me assure you, as a Forex trader, you can even make $1000 in a single hour providing your timing is right. Don’t worry about the details for now as we will cover everything later.
I am confident that I can help you secure your own $500 every week. I say this because I was in your position not long ago. I know what it’s like when starting out.
During my humble beginnings I lost money, which is when I decided to invest in some personal training. After completing the course, I actually started to make money as I began to think things through. I pondered over every trade. I weighed the pros and the cons and then pulled the trigger.
Now, I really do make a consistent $500-$1000 every week.

Everything written in this manual is exactly what I do. All you need to do is study and follow what I have written. There is no doubt in my mind that you will also bank at least $500 every week (if not more).
I’m not a trading guru and I don’t make exceptional amounts of money simply because I choose to spend my time doing other things. If money can’t bring you freedom, what use is it?

Ok, I don’t want to bore you with explaining the rags to riches lifestyle and other benefits of having lots of money. I’m sure you are clever enough to know what you can do with your own income of $1000 a week.

So without further ado, let’s get started.

What is Forex?

Forex simply means Foreign Exchange.

What is Forex Trading?

Forex Trading is the simultaneous buying of one currency and selling of another.

Currencies are always traded in pairs. i.e. only two at a time.

Who is a Forex Trader?

A Forex Trader is a person who buys and sells currencies on the Forex Market.

A Forex Trader tries to make profit from small price movements on fluctuations that occur in the Forex Market every time.

Forex example,

Let’s say 1 British Pound is worth 1.8 US Dollars. This means that if you go to the currency
exchange kiosk at your local airport and you give them £1 in exchange for dollars, they will give you $1.80 (in return for your £1 – disregard any commission for now).

You saw the news on TV and now you believe that the Dollar will get stronger against the Pound and so you buy many dollars.
Let’s say you gave the kiosk £100 in exchange for $180 at the exchange rate of 1.8.

100 x 1.8 = 180

A few hours later, you see that the exchange rate has changed and now every Pound is worth 1.4 US Dollars. This means that the dollar has increased in value against the Pound. Before, each pound was worth 1.8 US Dollars but now it is only worth 1.4 US Dollars. In other words, the Pound has become weaker against the US Dollar and the US Dollar has become Stronger against the Pound.
You will see this as you go back to the kiosk and re-exchange your Dollars back to Pounds.
So if each Pound is worth 1.4 US Dollars, how many pounds do you get for $180?
$180 / 1.4 = £128.57. This means you have just made yourself a profit of £28.57. You only had £100 before but now you have £128.57.

Trading currencies at home works on the same principle except you will be doing it on a larger scale and without the hassle of visiting kiosks and their inflated rates.

The Forex Market

The Foreign Exchange Market is the largest financial market in the world. It has an average daily turn over of over $2 trillion. This is 50 times larger than the combined volume of both the London and New York stock exchange.

The Forex market is also known as the Forex Spot market or FX Spot market.

With the Forex market, all transactions made are dealt with immediately.

The Forex market is considered an 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period. The Forex market is also considered an over the counter (OTC), due to the fact that transactions are conducted instantaneously between two counterparts over the phone or via an electronic network e.g. on the internet using a trading platform such as Meta Trader 4.

In Forex Trading, there is no centralized exchange point, so this means that you do not need to leave your home or office in order to participate in the Forex market.

Until the late 1990’s, only the “big guys” could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start. Forex was originally intended to be used by bankers and large institutions and not by us “little guys”. However, because of the rise of the Internet, online Forex trading firms or Brokers are now able to offer affordable trading accounts to 'retail' traders like us.

All you need to get started is a computer, a high-speed Internet connection, and the
information contained within this manual.

In the Forex market, you can buy and sell currency with a few clicks of your mouse.
That’s how easy it really is.

For every person that wants to buy currency, there must be some one who is willing to sell that same currency at that exact same price and time.
“What if there is no one to sell you that currency a t that exact same price or time”?
Since over 2 trillion dollars change hands every day in the FX market, and also considering that millions of people worldwide participate in the Forex market daily, it is extremely unlikely that there are no traders willing to sell at that price. There are so many traders in this market that money changes hands at the exact prices they want. This is what you call market liquidity. The FX market is a very liquid market.

Forex trading will only come to an end when the whole world adopts a single (one world currency).
Ninety five percent of the daily turn over in the Forex market, comes from “Speculation” or “Buy for profit”, while the remaining five percent come from Big companies and Government who do actual business, such as importation and exportation.

FOREX MARKET PARTICIPANTS

There are various entities in the FX market arena. Each trades for its own financial objective. The following are the main FX participants.

Central Banks

Within the foreign exchange market national central banks play a very important role.
Ultimately, the objective of central banks is to keep inflation low and steady by controlling money supply. One of the most important responsibilities of a central bank is the restoration of an orderly market in times of excessive currency rate volatility.
Many times, the mere speculation of central bank intervention is enough to stabilize a currency. However, in the event of aggressive intervention the actual impact on the short term supply/demand balance can lead to the desired moves in exchange rates.

Banks

The inter-bank market provides for both the greater part of commercial turnover as well as huge amounts of speculative trading on a daily basis. The type of trading that banks do can be divided into two. First, trading on behalf of the banks’ customers. Here instructions are given to the bank by the individual customer to buy or sell a specific amount of currency. The second type of trading is proprietary trading. Proprietary trading simply put is when the bank’s dealers trade the bank's capital to make the bank a profit. A very large part of interbank trading takes places on electronic broking systems.

Interbank Brokers
Until not long ago, the foreign exchange brokers were doing large amounts of business, facilitating interbank trading and matching anonymous counterparts for relatively small fees. The increased use of the Internet has forced a lot of this business to move onto more efficient electronic systems that are functioning as a closed circuit for banks only.
The traditional broker box providing the opportunity to listen in on the ongoing interbank trading is still seen in most trading rooms, but turnover is noticeably smaller than just a few years ago.

Customer Brokers

These types of brokers are the ones that handle the trades you will make in the Forex market. These brokers are a direct result of the increased use of the internet. Their numbers are growing fast and the service they provide is becoming better and better as days go by. Forex trading has become such a lucrative business for these brokers that they literally will do everything to acquire customers.
The function of these brokers is to provide foreign exchange dealing services, analysis and strategic advice to customers. The services of such customer brokers are more similar in nature to stock, futures and mutual fund brokers and typically provide a service orientated approach to their clients.

Commercial Companies
Companies engaged in international trade conduct a lot of their business in foreign currencies. These companies use the currency market as a means of protecting themselves from unfavorable moves in the market. A US company operating in England would receive payments for its goods or services in Great British Pounds (GBP). The company decides at one point to change the GBP for USD. This trade, from GBP to USD, is where the company’s transaction forms part of the daily liquidity of the forex market.

Investors and Speculators

It is estimated that the largest portion of the daily volume in the forex market derives from investors and speculators. Simply put, this group of market participants trade with one objective in mind, making a profit from rise and fall of currency prices. These types of
traders are attracted to the forex market due to the incredible leverage it provides, fantastic short and long term moves, and high liquidity. Ten years ago this group consisted mainly on big well funded traders. Since the internet has become more used and more efficient in terms of connection speed big traders and investors are not the only ones who can take advantage of currency speculation. The field has leveled and today’s small speculator has the same tools big investors and speculators had 10 years ago.

Hedge Funds

Simply put, a hedge fund is a managed investment where the fund manager is authorized to use derivatives and borrowing with the aim of providing a higher return. The fund manager is allowed to use aggressive strategies that are unavailable to mutual funds, including selling short, leverage, program trading, swaps, and arbitrage.
Hedge funds have increasingly been known for aggressive currency speculation in recent years. The main reason for this is due to the high leverage, volatility and liquidity the currency market provides.

Rich Individuals

Small Time Traders like you and I

Advantages and Benefits of Forex Trading

2009-05-11T06:08:00.001-07:00

LibertyReserve

HOW TO OPEN CLICK BANK ACCOUNT IN NIGERIA

2009-03-21T13:15:00.000-07:00

There are many internet businesses one can do as a Nigerian in Nigeria. Often these information and tips are hidden and marketed by information marketers. But in NAIJAMAKEMONEY we shall reveal to you top secrets of making dollar in Nigeria. I shall teach you the following money making tips for free:

(a) How to Open PayPal Account in Nigeria. (b) How to Buy and Sell Domain Name Online

(c) How to do Online Investment in Nigeria (Mutual fund Investment in Nigeria) (d) How Start Online Paid Survey In Nigeria

(d) How to Buy and Sell Information (Information Marketing)

(e) and lots more in subsequent posts.

HOW TO OPEN CLICK BANK ACCOUNT IN NIGERIA: EARN $500 A MONTH

About Clickbank

DO you know what Clickbank means? It is an “online retail outlet” founded since 1998. They deal on digital products. I mean goods that can be downloaded right away from your PC. Currently they sell about 10, 000 digital products and they have over 1000,000 active affiliates. To make money with the affiliate programme is to sign up with them and sell or promote your/other people’s products if you have one, or sell other people’s product on commission basis. It is highly profiting if you know to market products. Check the huge pays. Some product pays 50%, 75%, etc. commission. I have sold a forex robot for the sum of $500 at a commission of 50%, and that puts a cool $250 into my account. Many have become stinkingly reach from Clickbank. Just sign up with them, you are given affiliate code with which you begin your marketing. Later I shall reveal to you some marketing strategy that has worked for me.

Meanwhile, if you are a Nigerian, or you are from Bangladdish, etc. You cannot participate in the Biz. Nigeria and some countries of the world are not allowed to participate in Clickbank affiliate programmes because of some fraud related accusations. But there is surely a way out.

Practical Steps in Opening Clickbank Account

(a)Open an Account With a Nigerian Bank (Why? you may

Ask?)

(b)Get a virtual (a legitimate office in US, or any other country

on Clickbank list. But US is usually preferred)

(d) Sign up an account with Clickbank

(d) Get a website or at least a blog. (I will talk about blogging in

subsequent posts.)

(e)Engage in aggressive promotion of of your website/blog, that

is traffic generation to your site

To get a US phone number and address, the answer is two companies working in mutual partnership. One is VTN ( Virtual Terminal Network) and the Other is Graphcard. The former is a US comapnay while the former is a Nigerian internationally recognized e-payment solution company.

HOW are they going help you successful with Clickbank business. Read on. When you sign up an account with graphcard, you will be given a US address for a just $4.9. But for you to be able to fund your account better and safely, and receive your earning from clickbank biz or from any other online business business company, you need VTN. This company will receive your naira and help you transfer it safely to Graphcard, and graphcard will inturn receive your earnings from any company (since you are using them as contact address) and Safely transfer it your money to VTN account here in Nigeria, and through your phone you simply ask VTN LTD to deposit the cash into your GTB account. No protocol. No three weeks cheque clearing, and all that. That is what my Dollarland uses. Again, we have had a case of a missing cheque sent to us via post service, that is why we recommend VTN and Graphcard because they will handle all these risky things on your behalf. Both have 3D security.

So having done that, start earning money doing nothing. If you are not put through yet, give us a call, or email Customer Care Personel: mailleononw@gmail.com, or give us a call: 08036730744,etc. Fore Complete tutorial guide and mentorship order for it with the above address. The future is now.

Next week, I will come your way with How to Start Blogging.

Good luck

Please do leave a comment as that will help us serve you better.

TOP SECRET 4 ALL NIGERIANS WHO WANT MAKE MONEY ONLINE

2009-03-18T20:56:00.000-07:00

Many a times to appear in white and green (our national color) online are like being leprous in ancient days. People avoid you. Why? Because Nigeria has been marked as one of the leading fraudulent countries of the world and as such many companies do not want to have any thing to do with Nigerians. That explains why you cannot participate in many online businesses as a Nigerian. You cannot do many jobs like: affiliate marketing, gaming, etc. Even sometimes when you want use your genuine credit card to make purchases online, you are denied many privileges. Nigerian cannot get or use PayPal even today. But I am too sure that we are not guilty as charged.

However for those of us who must work and earn our dollar there is a way to work in Nigeria and earn dollar as if you are not a Nigerian.

I teach you that. The solution is signing up an account with Graphcard. Graphcard is a US online payment solution company that works in collaboration with VTN to enable you earn money in dollar online and cash it in naira from any of our local banks. Graphcard also helps you to secure job by giving you a virtual address with US phone numbers so that you are no longer deprived of working opportunities simply because you are from Nigeria.

Sign up Now With VTN. Its 100% Free.

HOW DO YOU GET STARTED?
1.Login to http://www.graphcard.com/, and register either as a merchant or as a personal account holder. Registration is completely free.
2. Register also with Virtual Terminal Network (VTN LTD) at http://www.virtualterminalnetwork.com/. VTN is simply graphcard agent in Nigeria through which you can receive or make payments online.
3. To activate you account with graphcard, you need to pay $45 one time activation fee into VTN account with UBA. The account no is: 02680030016653, Account name is VTN network LTD. Please read up details from their website. From your VTN account you can now do the graphcard activation. But remember, you can activate the account directly using credit card, wire transfer, etc. but it is better done using their partner, VTN.
4. Login into your account with VTN and submit the teller no, and the bank name and branch then have your account running within twenty four hours. With the account you can activate and subsequently fund your graphcard account and get your phone number and US address.
Please keep your security details very secure. Write them down and then memorize.

But I would advise that you get a merchant with graphcard to activate your account for you since the rate is usually cheaper compared to dollar exchange rate in Nigerian black market. We can do that for you if you wish. Give us call on 08036730744, or email us at mailleonow@gmail.com

Finally, as I wish you good luck, let me quickly say that without this virtual address, it will be difficult if not impossible to work and earn money without difficulty online. Gra phcard is not the only online payment solution for Nigerians and other countries not listed in some internet biz, there are others like……….. But most Nigerians prefer graphcard and VTN because you get your money directly from your bank in Nigeria. No long protocol. No posting and clearing of checks.

MAKE $5 TO $50 PER HOUR TAKING SURVEY

2009-03-18T18:44:00.000-07:00

WAT IS THIS PAID SURVEY?
It is taking survey for money.

Because companies are always on the need to improve their products and services, they give opportunity to their customers and client to review their products. These companies pay survey companies who in turn pay those who are willing to give their opinion on some of their products. Is that not an easy money?

WHY IS IT ONLINE PAID SURVEY?
It is online in that the survey job is done. It is different from data entry jobs and other Paid Online Jobs. Some companies give you some data work to input either in an excel form or in other format ad you are paid for just that. I shall discuss that in a later post.

HOW DOES ONLINE SURVEY WORKS?
Many of the online survey companies require that you sign up with them to enable know a little of your capability. As soon as that is done, you are given invitation with a link to the survey job you are to do, and the time boundary for the job is usually stated there too. You are insatantly paid as soon as you deliver the job.

HOW LONG DOES AN AVERAGE SURVEY TAKE?
Typical survey takes 10 to 30 minutes of your leisure time.

HOW MUCH CAN I EARN FROM SURVEY?
Your earning of course would depend on the type of survey, duration and number of surveys taken.

HOW AM I REWARDED? YOU ASK?
Method reward and payment varies. While some will pay you cash (may be through PayPal) others would give you some gift, or some certificates, or other redeemable prizes

DO I NEED TO PAY MONEY BEFORE I AM GIVEN JOB?

NO. you are paid rather.

WHAT METHOD OF PAYMENTS ARE AVAILABLE?
Some survey companies pay you in form of a cheque for each survey you take. The cheques is mail to you . Usually within a few weeks of completing the survey.
While some send you monthly cheques when you have a minimum balance in your account. Many companies have started to use online payment solutions like paypal account. You may open a free PayPal personal account at http://www.paypal.com/

IS ONLINE PAID SURVEY FOR ALL COUNTRIES AND REGIONS?
Some companies will exclude some countries on some unfounded reasons. While some companies will give jobs to all. But if you are in a country like Nigeria, don’t worry their way out. It is said that when bad thing comes, bad sense follows it. All you need to do is to sing up for an online international account which will enable you own a US address with you can apply for the survey job. We can assist you secure that for only N5,500 which is only an activation with the company. For details on how you can do this please give us a call on 803-673-0744, or mail me at mailleonow@gmail.com for a guide.
Remember that any online business as a Nigerian depends on your acquiring this address.

HOW BIG IS MONEY FROM SURVEY JOB?
DON’T be deceived. The money is not much as many propose. But it can aid you get some real extra cash for some nice shopping or for some quality nice-ups with friends and other needs.. It is perfect for house wives and for students.

HOW FREQUENT IS SURVEY JOBS?
NO. those who ask for money are not going to give any job. They are only going marketing these information to you and promise you a sugar candy mountain. Be warned.

ONE: it depends on one’s profile. TWO: on the companies you are registerd with. Some sites like surveysavvy send less number of surveys but the reward for each survey you get is excellent.
CAN INCREASE THE NO I CAN RECEIVE?
Yes. Treasure Magnet writes that The best way to increase the number of surveys you get is top join all the sites and complete your various profiles in each site.

“These profiles help the survey companies to target surveys to the desired segment of the population.
Another important factor is your country. US residents can expect to get more number of of surveys. If you are from Canada, UK, Australia or other developed countries you have decent chance of getting surveys frequently. For those from the international members”

SURVEY COMPANIES : A REVIEW

http://www.yousay.com/
this is a Singapore based survey company. That gives quarterly gift and you wil qualify for this. The participants are drawn globally to take their opinion by phone, online and in person on their Opinions on the companies products and services you are paid from $5 to $200/survey.·

http://www.synovate.com/
Over 50years is for all country.

A research companies which give services to companies by allowing you to take opinion on Surveys related to food products, skin care as well as house hold cleaning products.

http://www.qsamples.com/:
This survey company work with research companies. Their software is being used by more than 2000 companies globally. They p ay you between $1 to $15 per survey by paypal and be rest assured they will pay you once you are invited.You can also refer your friends and earn 5% when they complet surveys. To join Qsamples visit http://www.qsamples.com/·

http://www.permissionmarketing.com/
this company greatly relies on its members to monitor internet trends and usage as well as their behaviours globally and they compensate with gifts ranging from software to other kind of benefits. Visit http://www.permissionmarketing.con/ to join them.· MBS International Research Center:This company is looking for people to who are ready to participate in surveys and focus groups on the web.for more info and to join them visitwww.mbsinternet.net/registration.htm·

GLOBAL TEST MARKET
This company employ people globally and their participation age is from 14years. In each survey you participate you earn market point which you can convert into money. Each point is $0.05 and you can earn between 60 to 80 on each survey which last for 12 minutes.· American consumer opinionThis is also another global survey site. As a member, you will take several surveys yearly and itd easy to complete a survey within ten minutes with incentives ranging from $5 to $25 per survey.· Surveycenteronline· When you join this survey .You are mailed a cheque once you finish a job online. They pay $3 to $5 per survey.·

www.market-analytics.co.uk/joinpanel.htm
This company pay you up to $35 for a survey that lasts between 40 minutes to one hour.·

http://www.infonetresearch.com/
Get money in cash for participating.·

http://www.clearvoicesurvey.com/
You are paid in cash and gift for participating.·

http://www.getpaidto.com/
This company is very reliable and they pay you daily and immediately through paypal. 5% to 20% referral commission.

http://www.marketreaderpro.com/
this company conduct survey globally. If you enjoy sharing opinion on products, then this is for you.
http://www.surveysite.com/
This company pay you $35 for an online chat.
http://www.ithinkinc.com/
they pay you for your opinion.