ALL YOU SHOULD KNOW ABOUT GEEP PROGRAM

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In this report, TUNDE OGUNTOLA evaluates the impact of the GEEP programme restructured as GEEP 2.0 to effectively deliver soft loans and skills to a wide range of unemployed citizens, persons living with disabilities, marginalised women and other vulnerable groups As a panacea to give access to credit for poor and vulnerable Nigerians facing challenges such as lack of capital due to inadequate access to finance and credit, inability to attract talented and tech-savvy manpower, the federal government launched Government Enterprise and Empowerment Programme (GEEP) now known as GEEP 2.0, a components of the National Social Investment Programme (NSIP) of the current administration restructured as parts of efforts to lift 100 million Nigerians out of poverty. GEEP basically offers three programmes: TraderMoni for marginalised youths, MarketMoni that targets vulnerable women, and the FarmerMoni specifically focused on rural farmers. The target beneficiaries people who are already engaged in

5 ways to follow and become a successful cryptocurrency trader /investor

A crypto-trader is someone who profits from short-term changes in the market price of cryptocurrencies, altcoins, and value tokens. The goal, of course, is to buy when prices are low and sell when they rise higher. Trading can be lucrative, and many people have made fortunes doing it. This article will reveal the five things you must understand if you want to become a successful crypto-trader.

1. The Relationship Between Risk and Reward

A successful crypto-trader must understand the relationship between risk and reward. Risk management measures volatility and the likelihood of negative outcomes to a trade. However, a successful trader should never run away from risk because risk and potential returns are positively correlated. The greater the risk you take, the greater your reward will be if you come out on top.

2. Technical Analysis

Crypto-traders rely on technical analysis to identify and predict trends and patterns in the value changes of a currency. Technical analysis helps investors find key support and resistance levels. This information is used to determine the best time to enter or exit a trade.

Trends describe the general direction of a cryptocurrency chart. Uptrends are a series of higher highs (resistance points) and lower lows (support levels). A sophisticated technical analysis includes Fibonacci retracements, moving averages, and Bollinger bands.

Fibonacci Retracements: A Fibonacci retracement takes two extreme points (generally, the highest and lowest points) on a chart and divides the vertical distance by the following Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, and 100%. Next, horizontal lines are drawn to possible support and resistance levels.

Moving Averages: The moving average is a technical analysis indicator used to “smooth out” price action on a cryptocurrency chart by separating random price fluctuations from the overall trend. The simple moving average (SMA) takes the average prices over a specified period (such as days or weeks), while the exponential moving average (EMA) gives greater weight to recent prices.

Bollinger Bands: Bollinger bands are lines plotted two standard deviations above and below the simple moving average of a cryptocurrency chart. Many traders believe that when prices approach the “lower band” it is time to buy and when they hit the “upper band” it is time to sell.

3. News and Community Sentiment

Crypto-traders must keep track of community discussion and news events because this information impacts the market price of cryptocurrencies. News and rumors can have powerful effects on the market and often create lucrative trading opportunities. Successful traders take advantage of the power of information by staying active in the Blockchain community and keeping track of industry news.

4. Order Types: Limits, and Stop Losses

Digital asset exchanges have a variety of tools traders can use to prevent mistakes and prevent losing trades from spiraling out of control; these include stop loses and limit orders. Crypto-traders must understand the different order types and loss mitigation techniques.

Unlike a regular “market” buy order, limit orders allow you to specify the maximum price you are willing to pay for a cryptocurrency. This technique prevents you from paying more than you expected if the price increases while your order is being filled. Stop losses, on the other hand, automatically sell your cryptocurrency if the price falls to a specified level to prevent you from losing more money than you expected.

5. Self-Control

A crypto-trader must understand their own emotions, especially fear and greed. Emotzional control is what separates successful cryptocurrency traders from everyone else. Fear and greed are powerful emotional forces that can cloud a person’s judgment, causing them to make the wrong decisions. Successful traders learn how to control their emotions and stick to their trading strategy.

Hopefully, this list has given you a foundation for success as a cryptocurrency trader. But it's important to remember that no matter how good you get at trading, you will occasionally make mistakes and lose money. Bad trades are part of the game - success simply means you win more than you lose.

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