Top FOREX BROKERS and CRYPTOCURRENCY Trading Platforms for Cameroonians

Best forex brokers and cryptocurrency platforms for Cameroonians.

 Below is the list of best Forex brokers and cryptocurrency exchanges for Cameroonians. We are bring out the list because thousands of traders from Cameroon have been knocking our doors at " Cameroon Online School of Forex" asking us for the best brokers in Cameroon.

What is Forex trading and how does it works?

When you make a forex trade, you sell one currency by buying another. You profit if the currency you buy moves up against the currency you sold. For example, lets say the exchange rate between the Euro and the USD is 1.40 to 1 and if you buy 1000 euros, you would pay $1400. Its very simple. When buying you make profit and when selling you make profit as well. Hey! all is done using you mobile phone or laptop.

Here are the best Forex trading platforms for Cameroonians;

exness.com (Deposit and Withdraw with MTN Mobile Money and many cryptocurrencies)

octafx.com  ( Supports more than 6 cryptocurrencies and bank cards).

justforex.com ( supports MTN MOMO and many cryptocurrencies)

binary.com trade CFDs, Forex e.t.c...

What is Cryptocurrency trading?

If you are looking for crypto to buy or sell, you will need to use a cryptocurrency exchange. These online services often work similarly to stock brokers, giving you the tools to buy and sell digital currencies like Bitcoin, Dogecoin, BNB, Ethereum, Stellar, Bittorent, Bkex e.t.c.. The best crypto exchanges makes it easy to buy and sell currencies you want with low fees and strong security features. When choosing the best crypto exchange, its important to look for support currencies, pricing, withdrawal options and security. These are features we focus on when picking the list of the best crypto exchanges for your goals.

Note the with crypto trading you only make profit when a currency is appreciating(rising).

Here are the best cryptocurrency trading platforms for Cameroonians;

binance.com

www.bkex.com 

bitmart.com

Use any of the platforms to create a trading account. 

Whatsapp +237675421156 in case you encounter a problem or wish to learn forex trading in Cameroon or elswhere.

Cameroon Online School of Forex is the Best forex academy in West and Central Africa under the CEO Nshing Rooney.

Shiba Inu on A Sharp Bull

SHIB USDT 0.000036.1

SHIBA inu is currently trading at 0.000035.9, ranking it at 4th position on binance with a 24h trading volume of 370.8 M

At D1, you will notice that for the past 3 weeks SHIBUSDT has crossed waves 1 and 2 and now heading to wave 3 of Elliott's waves.

SHIBA Inu rose by 1.60% on Friday. Partially reversing a 5.95% slide from Thursday, Shiba Inu Coin ended the day at $0.00002793.

A bearish start to the day saw Shiba Inu Coin fall to an early morning intraday low $0.00002703 before making a move.

Steering clear of the first major support level at $0.0000266, Shiba Inu Coin rallied to a late morning intraday high $0.00002850.

While falling short of the first major resistance level at $0.0000288, Shiba Inu Coin broke through the 23.6% FIB of $0.00002831.

An afternoon pullback saw Shiba Inu Coin fall back through the 23.6% FIB of $0.00002831 to sub-$0.0000725 levels before finding support.

SHIBA next target is 0.000045 before the end of December and it low 0.000023.

Create and account here on binance.com and start trading.

Cameroon Online School of Forex

Nshing Rooney.

Forex Broker Accepting Mobile Money Deposit and Withdrawal in Cameroon, Nigeria, Ghana, Tanzania e.t.c

Forex broker accepting mtn Momo for Cameroonians, Nigerians, Ghanaians e.tc...

Now Forex traders from Cameroon, Nigeria, Ghana, Tanzania and countries using MTN Mobile money can deposit and withdraw with MTN Mobile Money. This will also ease traders from the stress of buying bitcoin and other cryptocurrencies to deposit or to convert them back to their local currency.

HOW TO CREATE AN ACCOUNT

Click this link www.exness.com and follow the simple instructions on how to create a real account with Exness broker.

After the one time click, enter your country, valid email address and create your own password, it should contain at least 1 uppercase letter, lowercase and any figures. Now you will receive a thank you message and below you will find a button asking you to open a trading account. Hit the button.

A message will pop up with username; Cameroon, then account number. don't bother much about this one but record it and keep.

Now, you need to verify this account with 1. Email 2. phone number, and Personal information. For phone and email, they will send codes there for you to confirm. For personal info, upload your ID card and Proof of residence(You may do this any time).

After doing this, click "open new account". Select REAL and MT4 and create a password for the account too. Now you have a real account with www.exness.com .

This is one of the best forex brokers for Cameroonian. You have a minimum deposit of $10 and can even withdraw $5. Other means of deposit with the broker are bitcoin, USDT, Neteller, Perfect Money and many more...

Hey guys if you wish to trade Indices, CFD, pairs, cryptos and commodities create an account here www.deriv.com traded by millions of traders worldwide.

Welcome to Cameroon Online School of Forex, the best Forex trading school in West and Central Africa. Whatsapp us here if you have a problem in Forex trading https://wa.me56 or if you wish to learn forex trading in in Cameroon, buy trading robots and indicators.

Nice trading...

Facebook, Instagram and Whatsapp Went Offline As Bitcoin Surge

Surge in btc as social media (facebook, instagram and whatsapp) went off.

Powerful social media and communication platforms Facebook, Instagram and WhatsApp went offline Monday as the price of Bitcoin and other cryptocurrencies surged.

As data from Cointelegraph Markets Pro shows, Bitcoin (BTC) price moved above $49,000 after falling to a daily low of $47,166, an increase of roughly 4.5% in less than two hours. Similarly, the price of Ether (ETH) rose 3.5% over the same period to reach $3,411 at the time of publication.

The sudden price volatility comes as major social media platform Facebook, photo and video sharing app Instagram, and messenger app WhatsApp — both owned by Facebook — went down at approximately 3:16 pm UTC on Oct. 4. According to Facebook's communications team, which communicated through Twitter, the company was “working to get things back to normal as quickly as possible.”

At roughly the same time on March 13, 2019, all three platforms reported a major outage that lasted more than 24 hours. At the time, Facebook attributed the problems to a “server configuration change.”

The interruptions may impact community engagement around crypto and blockchain projects, but Discord, Twitter, YouTube and many other platforms are still functioning normally. Many Crypto Twitter users are already using the incident to highlight the need for a decentralized social network built on blockchain.

“If they built Facebook on a blockchain, it would never go down,” said Allen Farrington, who regularly writes about Bitcoin and cryptocurrencies on his Medium blog.

The outage also follows former Facebook employee Frances Haugen turning over to journalists and others thousands of documents that imply that the company was not doing what it claimed in regard to removing from the platform hate speech and posts encouraging violence, among other things. Facebook’s stock fell by more than 5% on Monday to reach $324.90 at the time of publication.

How the Bitcoin model can solve the social media dilemma

Twitter is already working on its own decentralized social media initiative. CEO Jack Dorsey first announced in December 2019 that the platform would be funding a dedicated team to develop a decentralized standard for social media, and recently hired a crypto developer to lead the group.

At the time, Dorsey said the aim was to shift away from content hosting and removal to recommendation algorithms directing users’ attention and to avoid content that sparks controversy and outrage rather than healthy and informative.

I am Rooney Nshing, My Story From 2017 Till Date

Rooney Nshing CEO at CMRFOREX 

 I am Nshing Rooney. Let me tell you how it started.

2017 bitworld went away with my hard earned cash. Hustling as a private teacher and dashing the cash to a multilevel scheme was so painful. Before i dived into these schemes my aim was to raise money and open a cocoa plantation which had always been my dream. I discovered that all the schemes were fake.

 Collecting money from John to give Marry and when people could not join they disappear.

That same 2017 i had a blog which was already approved by Google and i was making a few EUROS monthly www.fly4studycm.com . When i saw how Google Adsense was surging my cash i added another blog exclusively biz. I was using these blogs to advertise scheme links too. Today these blogs have 15k+ daily visitors and companies contact me daily to advertise their services too.

2018 i told myself "fake schemes bye" new schemes came and went but i was just smiling cuz i was aware of the shortcomings. Late 2017 i was actively learning forex trading. Yes the most legit online stuff created 50yrs back. I spent $580 to learn and i started trading though the start wasnt easy.

By the end of 2018, i made $3500 trading and following all the risk management guides. That same year i created Cameroon Online School of Forex which is today the largest forex trading academy in Central Africa.

As an entrepreneur my strength is my blogs, my YouTube channel, Facebook page, Whatsapp, and a few social handles while attached to my secondary school as a teacher. I gather some joy doing so.

I have trained 2000+ traders and many forex schools in Cameroon are part of my feathers.

I can boost that my traders have made $200,000+ since i started my dream journey. Hey i have a 90% scholarship for you. Keep reading...

2020 forex bought me a convertible peugeot, changed a few things in my life. Traveled to many countries in 2021 for fun and business engagements. I thank those who encouraged me in one way or the other.

I painted my picture and still painting. I want us to paint ourselves together. You are fortunate to have me during the painting. Yes it will be easy.

Remeber i have a dream to own the biggest cocoa farm in Cameroon. What is yours? How are you going to get the finances? Dont be scared join me here https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi and note that it's never too late.

Do you know that i can teach you how to blog and earn endless cash? Yes its possible. Even you facebook page is a cash factory.

Rooney N.

Shiba Inu Price Prediction

Shiba Analyst.

Envisaged Pullback For Shiba Inu.

Shiba Inu price hints at indecision as a technical chart pattern has formed, suggesting that SHIB may move sideways in the near term before targeting bigger aspirations. A break above the descending trend line may indicate that the canine-themed crypto is ready for a super bull

Shiba price has formed a symmetrical triangle pattern on the 4-hour chart, signaling a pullback prior to its next ascent. By connecting the lower highs and the higher lows, two converging trend lines form the chart pattern. 

Moving forward, SHIB may consolidate within the governing technical pattern before a breakout occurs. 

Currently, the only obstacle for Shiba Inu price toward the upside is the topside trend line of the triangle pattern and the 78.6% Fibonacci extension level at $0.00000819. 

Should SHIB see accelerated interest and a spike in buying pressure, Shiba Inu price could slice above the resistance level, which could put the target given by the chart pattern, a rally of 16% to $0.00000954. 

Analysis using Moving Averages

Since the prevailing chart pattern suggests that Shiba Inu price would experience a pullback before its next big move, SHIB finds its first line of defense at the 20 four-hour Simple Moving Average (SMA) at $0.00000787. 

Further increase in selling pressure would push Shiba Inu price down to test the lower boundary of the symmetrical triangle pattern at $0.00000757, joined by the 50 four-hour SMA. 

Although this level should act as meaningful support for SHIB, a reversal of fortune could send the token lower to the 38.2% Fibonacci extension level, coinciding with the 100 four-hour SMA at $0.00000691.

Rooney Nshing 

@Cameroon Online School of Forex

Make Money Online in Cameroon

 

Making money online in Cameroon is becoming more easier and faster but millions of Cameroonians never see this coming. Are you an android user but still can't make money online? Then this post is for you.

Today I am going to break down 5 opportunities on how to make money online in Cameroon. From here you can decide to select one or 2 methods or all and your online money making dream will come so soon ( read till the end)

1. Facebook page

Facebook page was created by Mark Zuckerburg mostly for businesses to express what they offer to fans but early 2018 Facebook setup rules to pay pages with 10000+ followers but you need to qualify for any of the advert type they offer after your application. Hope you have seen ads on many videos on Facebook pages you follow? Facebook pay the owners.

If you don't want to use Facebook ads to make money you can use the page to sell your services or goods to your fans and followers. Here is a sample page you should follow www.facebook.com/money237 . Please if sales are slow, make sponsored posts and tag your desired locations in Cameroon so that Facebook users in those areas can see your product. You will have to Pay a few dollars to Facebook for that.

2. YouTube Channel

YouTube is one of the most popular social platform in the universe and almost use by a billion users. Making money online in Cameroon through youtube is very easy.

Create a YouTube Channel and get a professional Camera, make videos on what you like most e.g comedy, music, films, cosmetics, travel, visa, Agriculture, courses and what have you? Share your page link with friends and family on social media and ask them to like and SUBSCRIBE. Once they do so each time you upload a video they get a notification.

Once you have 1000 followers and 4000 minutes view time you can now apply for Google adsence and once approved you will always place the adverts on your videos. Hope you have seen how ads starts at times before you start  to watch a video right? The owner makes money from it. 

Apart from Adsense you can make your own adverts and followers contact you for your service. Companies can also contact you to make videos about their products. Hey never charge less than 500k for big companies. Here is my YouTube channel 👉 CMRFOREX , please like, comment and SUBSCRIBE.

3. Blogging

Blogging is the most popular method of making money online in Cameroon. There are more than 250 potential bloggers in Cameroon. You are now reading my blog. It has 15 to 30k visitors per month.

To make money blogging, you need to constantly blog what your fans like and once you grab their interest and the popularity comes in now you have many options.

1. Apply for Google ADSense which usually take some time for approval. Once approved you will be paid depending on your page traffic- Cost Per Mille and Cost Per click. Please on your blog select automatic ads so that you won't stress copying codes.

Hope you are seeing adverts of companies appearing on my blog right? They have paid Google and Google is sending the ads to our blogs. Once people visit I make 60% and Google 40% of the profit.

2. Many companies and individuals want to be noticed on Google Search, tell them that you can do it and charge them some money.

Go to supermarkets, schools, Malls, companies, Banks, Hospitals and propose to them then charge them a fee.

3. I am a forex trader and own the largest forex academy in Cameroon and have trained close to a thousand traders online and offline. What I do is that I blog and add my academy link to my posts and once readers go through it they join. Here is my school link https://chat.whatsapp.com/CMRFOREX

Join and learn how to buy and sell currencies online with just your mobile phone or laptop.

Finally I have made close to 4.5M FCFA from this blog since 2018 till now.

4. Forex and Cryptocurrency Trading

Forex simply means foreign exchange which involves buying and selling of foreign currencies. All you need is just the knowledge, an Android phone or a laptop. Note that all central and commercial banks trade this market. It involves risk management due to volatility. Hit the link above to grab your forex knowledge with Cameroon Online School of Forex.

CRYPTOTRADING involves buying of crypto or digital currencies. There are many platforms where you can buy from more than 5000 cryptocurrencies and hold. Once is rises you can withdraw your profit. E.g if you buy bitcoin on www.binance.com yesterday 3rd July 2021 whose price was $32000 and today 4th July 2021 its at $35500 which means a profit of $3500. Note that trading is also risky and you can also loss money. If you wanna learn either forex or cryptocurrency trading contact us or use the link under Forex trading.

Never join multilevel schemes because you will be disappointed after a few months. Where is Chymall, Bitworld, Petronpay and many others. They are all scams.

5. Graphic Design

Hey to make money online in Cameroon guys learn this stuff. Hope you have seen my blog image its cool right? You can also decide to go professional by making logos and selling them online. All blogs, YouTube Channels and Facebook pages at times need a header logo and if you are a blogger and can't make one then you need to buy from a graphic designer.

Companies like Mtn Cameroon, CAMTEL, BRASERIES DU Cameroon, and many have billboards everywhere in every street. That's a graphic designer's work. You can also join a freelance community and sell you designs there like Flyers, Logos and many more.

Guys if you have another means please drop your idea on the comment section. Use the share buttons below to share with friends and family on all social platforms. This post can help a, youth, country and the world. Its applicable to every living human on earth. Share Please.

If you need my service Whatsapp me here https://wa.me/Rooney N and smile soon.

From our webpage www.fly4studycm.com

I am Rooney Nshing a blogger by heart and scientist by soul passionated by Agriculture and growing for glory.

Good morning Africa.

NEW: Face-face-Forex Lessons in Cameroon by Cameroon Online School of Forex

Cameroon Online School of Forex, a mother forex and crypto trading academy in Cameroon and central Africa has been offering online forex lessons for the past 5 years but this time around decided to kickoff with face-to-face lessons.

Our online classes will never stop but our live classes have started in Yaounde where you can decide to upgrade your forex knowledge in our academy or start the basics and continue straight to a pro level.

The aim of the academy is to create weekly live lessons in every region in Cameroon and Central Africa in the future. For now the admin of the company is training face-to-face in Yaounde while online classes still continue.

1 week professional face to face course is for those who already have the basics and wish to get the deepest part of Forex trading. 

3 weeks face to face means 2 weeks of basics and 1 week of professional courses. 

At the end of each training Cameroon Online School of Forex will offer her trainees 1 free robot, 1 indicator and free ebooks and lots more.

Do you wanna learn forex trading in Cameroon? WhatsApp https://wa.me/CMRFOREX TRAIN , get the latest details about forex trading and the basics of CRYPTOTRADING.

To join our next training batch, click here https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi . Watch our YouTube videos now, like, share and SUBSCRIBE to get the latest trading strategies https://youtube.com/CMRFOREX . 

Cameroon, Africa and the World. We welcome brokers to join us create a branch office for Central Africa in Cameroon.

Forex Conference In Yaounde Organized by Cameroon Online SCHOOL Of Forex

 

Cameroon online school of Forex- CMRFOREX a leading Forex Academy in Cameroon and Central Africa is wiring all preparations to host one of its kind gathering to concentrate more than 2000 youths and forge them into the world of foreign exchange trading on the 1st May, 2021 in Yaounde, Cameroon themed "Forex and a Digital Economy".

Last year 7th March 2020 the CEO of CMRFOREX, Rooney Nshing launched the first edition which he insisted that it will remain a yearly affair. He has been into the field of feign exchange for close to 6 years and wish to redistribute the knowledge to average Cameroonians and the entire African community worldwide.

2021 conference brings a lot of new ideas and innovations and technology to be used during the conference with new ideas on Online marketing (Social media and how to build wealth), Forex trading, Store of future wealth on exchange platforms.

Cameroon Online school of Forex, a mother Forex academy in Cameroon is a home to 3500+ Forex traders who are always walking towards a single goal i.e financial freedom which close to a 1000 and counting can boost of it. 

In 2019, the CEO launched a 90% scholarship scheme to train 5000 Forex traders and make at least 2000 millionaires before the end of 2022 and the dream is shifting towards its goal. If you are a Forex trader in Cameroon or abroad, feel free to participate.

We are inviting you to attend our extra ordinary Forex Conference which all participants must not pay a dim during the conference. Entree is free. The location of the conference is at ILEC Standard Chartered Bank Building, as from 8:30 AM Central African time.

There is no skill nor special education ladder before one can learn Forex trading. It needs just general knowledge, that's why we are calling on the general public to come and clear the myths of the largest and prestigious event ever organized in Cameroon.

Due to measures taken to curb the spread of Covid19, we urge every participant to wear a Facemask and if possible a hand sanitizer.

Once more you are are welcome and please make sure you express your worries during the conference.

Whatsapp +237675421156 

TOP FOREX BROKERS IN 2021 FOR CAMEROONIANS REVEALED

Today we decided to bring out the list of top 2021 forex brokers for Cameroonians, Nigerians, Ghanaians, Zambians, Tunisians, South African and many more countries.

Do you have a knack for predicting shifts in exchange rates for foreign currencies? If so, you should consider entering the forex market, the largest and most liquid market in the world. 

Forex traders exchange every currency in the world at any hour of the day, five days a week—and some of them earn a handsome profit from it.However, with so many forex brokers to choose from, finding a reliable broker that you can trust is no easy task. Luckily, we’ve reviewed 3 of the best forex brokers in the industry to help you decide which one is right for you. We evaluated each forex broker on a variety of factors including trading platforms, spreads, features, financial instruments offered, reputation, and more.

 After many hours of research and analysis, we compiled a list of 3 top forex brokers for 2021 for Cameroonians, Nigerians, Ghanaians, Tunisians, South Africans, Tanzanians, Moroccans, Zambians e.t.c...

Number 1 Octafx https://www.octafx.com

When trading at a broker with leverage, one of the most important factors to consider is the asset spreads as well as any other fees that may apply.

In general, OctaFX has some pretty low spreads when compared to the competition. For many of their major Forex pairs these spreads are close to zero and are especially low for their ECN accounts.

Apart from just being tight, there is also no sleepage nor re-quotes. When it comes to the exact spreads that you will be charged on the trade, it will vary slightly according to the type of account that you have chosen.

Deposit methods are Bitcoin, Skrill, Perfect Money e.t.c...

Number 2 Justforex https://justforex.com

Justforex maintains 65 currency pairs, seven cryptocurrencies, ten commodities, sixty five indices, 11 index CFDs. An additional 25 futures contract complete the asset selection, spanning six classes for a total of 183. This offering is sufficient for most retail traders.

Three commission-free account types, one raw spread alternative, are offered by justforex. The cent and standard accounts require a minimum deposit of $1 or a currency equivalent. Remaining committed to smaller portfolios, theh Pro and Raw spreads accounts require only $100 to open and provide a suitable trading environment. Justforex also offer swap-free Islamic accounts. 

Here you can deposit and withdraw through MTN MONEY, ORANGE MONEY(Cameroon), Onlinenaira, Bitcoin, Skrill, BCH, ethereum, Neteller, Perfect Money, Litcoin, Fasapay, Sticypay, USDT.

Number 3 FBS https://fbs.com

FBS is a Cypriot Forex broker owned and operated by Tradestone LTD headquartered in Limassol, Cyprus. The brokerage was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 331/17. Since its inception, FBS has received over 40 international recognitions and awards and is home to over 15,000,000 clients. 

According to the broker, 7,000 new accounts are opened every day and FBS receives and processes one withdrawal request every 20 seconds. 80% of FBS clients remain loyal to the broker and 48% list trading revenues generated at FBS as their prime source of income. 

As a truly global Forex broker, FBS serves clients in 190 countries and expands its market share on a daily basis. The 24/7 customer service team usually responds to requests in less than 30 seconds and speaks multiple languages.

FBS extends its limitations to trading accounts where it offers two types, a Standard Account and a Cent Account. The main difference between both is the minimum deposit which starts at $/€10 for Cent Accounts and at $/€100. The minimum spread in both is a floating one which starts at 1.0 pip and the maximum leverage is 1:30. 

The Cent Account also comes with a maximum order volume of 5 standard lots (1 standard lot is equal to 100,000 units) where the Standard Account sees this limit increased to 500 standard lots. The maximum amount of open/pending positions is set at 200 with a starting execution speed of 0.3 seconds.

You can deposit and withdraw funds here with VISA and Mastercard, Bitcoin, Perfect Money, OnlineNaira, Skrill, Neteller.

Here is the list we have for you guys today. We will do our best to bring out the best forex brokers in the world to suit your needs. If you have a worry don't hesitate to contact our team. 

Contact Cameroon Online school of forex on whatsapp +237675421156 if you are unable to create an account with any of these TOP 2021 brokers for Cameroonians, Nigerians, Ghanaians, South Africans, Ivorians, Tanzanians, Gambians.

Cameroon Online School of Forex is organizing a Forex Conference in Yaounde on the 1st May, 2021. Businesses, Brokers and Companies can contact us for sponsorship. Do you wanna learn Forex trading in Cameroon or elsewhere, we offer online and offline classes with 90% scholarship. Join us here https://chat.whatsapp.com/cmrforex .

Cameroon online School of Forex with Best Broker Fore Cameroonians

 

Cameroon Online School of Forex is the best Forex academy in Cameroon. It was created in 2018 by Rooney Nshing "KoP", an experienced forex trader whose aim was to make 2000 millionaires before 2022.

By 2020 CMRFOREX had trained 1300 forex traders and still in the course of training. With objective to sanitize poverty out of Cameroon and Africa the CEO decided to offer 1 month training at a 90% scholarship to maintain the structure.

Cameroon Online School of Forex offer lessons online to facilitate the training course to Cameroonians both home and abroad.

For now Cameroon Online School of Forex uses Whatsapp, YouTube, Google meet and its websites to dishout lessons to its traders worldwide. "The links at the end please".

Cameroon Online Online School of Forex has partnered with a good number of forex brokers which are best for Cameroonians.

7th March is the most respected day in the field of forex in Cameroon set aside to respect the CEO of Cameroon Online School of Forex who has impact the lives of 1000s of Cameroonians simply called "KoP's Day".

To join our next training batch click here https://chat.whatsapp.com/cmrforex

To create an account with the best broker for Cameroonians do it here octafx.com and fbs.com

After 3 years of continuous hard work, they decided to create one of the best forex signal group in the world to help traders make money without the stress of analysing the market. Join our signals here https://t.me/cmrforex . To like and follow our Facebook page which was created in mid 2020 with 2000+ follows, click here www.facebook.com/Cameroon Online School of Forex .

Dont hesitate to contact us for any detail you need to know about forex trading in Cameroon.

Cmrforex signals- 29th Dec.2020

 

EURUSD target TP 1.2253 H1

Approaching Resistance level of 1.2253 identified at 29-Dec-05:00 

Supported by Upward sloping Moving Average

USDJPY target TP 104.25 H4.

Triangle has broken through the resistance line at 28-Dec-20:00. Possible bullish price movement forecast for the next 2 days towards 104.2151. 

Supported by Upward sloping Moving Average

GBPUSD target TP 1.3618 H1.

Channel Up identified at 29-Dec-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3620 within the next day.

AUDUSD target TP 0.7622 H4

Triangle identified at 29-Dec-08:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7623 within the next 2 days. 

Supported by Upward sloping Moving Average

USDCHF target TP 0.8838 M30.

Broke through Support level of 0.8874 at 29-Dec-05:30 

Supported by Downward sloping Moving Average

XAUUSD target TP 1855 H1

Approaching Support level of 1851.6000 identified at 28-Dec-23:00 
Supported by Downward sloping Moving Average

CHFJPY target TP 117.10   H1

Broke through Resistance level of 116.8295 at 29-Dec-03:00 

Supported by Upward sloping Moving Average

BTCUSD target TP 25700 M15

Broke through Support level of 26225.8398 at 29-Dec-07:15 

Supported by Downward sloping Moving Average

Cameroon Online School of Forex is the best forex academy in Cameroon and the whole of West and central Africa.

To learn forex trading with us, follow this link https://chat.whatsapp.com . Because brokers are different with different spread, we have the best broker for Cameroonians and Africans here https://my.octafx.com with the lowest spread in the forex market. Join our telegram group here https://t.me for free signals.

Contact +237675421156

You Must Know This about Cameroon Online School of Forex

Cameroon Online School of Forex- CMRFOREX was created in 2017 by Rooney Nshing to give a solution to those who were scammed in Cameroon from multi level schemes and also to reduce unemployment rate among youths in the Cameroon.

Rooney rekindled foreign exchange trading in Cameroon which has existed for 50 years + in the world where referral is not needed, where a certain time or day is not stated during the trading day before you can withdraw your cash  to online wallet or bank account. Note that all multilevel schemes always precise day and time before you can withdraw. More to that they never last.

The Best Forex Academy in Cameroon teaches you how to buy and sell currency pairs and metals online just with a mobile phone or laptop anywhere on earth. This is what banks do, exchanging Dollars to CFA and many other foreign currencies.

Cameroon Online School of Forex came in to explosion in 2018 and became the talk of every city in Cameroon as the best forex academy in Cameroon and West Africa.

Statistics shows that 70% traders in Cameroon and 90% trainers are trained by Cameroon Online School of Forex whose aim is to make 2000 millionaires in Cameroon before 2022.

With online training as of 2020 statistics, CMRFOREX has trained 1350 Cameroonians, 18 Nigerians, 15 Ghanaians, 4 USA, 5 CANADA, 10 Cyprus, 25 UAE, 2 China, 1 South Korea, 7 Belgium, 10 United Kingdom, 13 South Africa, 4 Tanzania, 3 Uganda as her worldwide coverage.

Because Forex requires constant learning, after your training you remain under CMRFOREX mentorship. This is a lifetime union.

Today the CEO has created a Forex signal group https://t.me/joinchatto help inexperience and experience traders to benefit from his  team of experienced traders. Join us here.

Cameroon Online School of Forex offers monthly training on all social platforms like Whatsapp, Zoom, YouTube, blog, Facebook and Google.

Cameroon Online School of Forex is the first Forex academy to develop her own indicator with 80% efficiency. It works best on MT4 laptop installed. Mobile phone alerts manual attached when bought. To buy your #kopindicator, contact 675421156.

To join our next training batch, follow this link https://chat.whatsapp.com Or do you need the best broker for Cameroonians? Create an account on here https://my.octafx.com or whatsapp +237675421156 to get directives on how to get the best account type.

2020 New Year 90% training discount is waiting for your catch here. Join us now, get trained and breath the wealth you have been dreaming for.

Happy New Year 2020

CMRFOREX-Cameroon Online School of Forex

How Do Pro Forex Traders Handle Emotions

Forex trading.

How do pro Forex traders handle emotions is one of the most asked questions every  newbie forex trader keep asking.

Here is a countdown of what professional traders practice daily in order to be successful.

1) They don’t allow greed to influence their trading

An experienced trader will know when to walk away once a certain amount of money is made in the day, week or month. They avoid placing trades; it is better than placing a trade and losing those gains.

2) They are aware of the uncertainty in Forex

Experienced traders are aware of the uncertainties within the Forex market; nothing is guaranteed. It is just a fact in Forex. No matter how good your trading decision is, the market can unexpectedly go against your predictions at any time. If you clearly 

understand this while placing a trade, you won’t get a shock when the trade results in a loss. 

All you need to do is to be fully prepared to face the loss. There is a saying: Hope for the best but prepare for the worst. You have to be mentally prepared to accept the loss you face. This will certainly reduce the impact of negative emotions. 

3) They never expect fast profit

This is also tied in with greed. New traders are typically coming into forex with the mindset of getting rich overnight. The novices will then likely start placing larger trade sizes, causing much risk to their capital. 

Thinking how much they can earn if the trade goes well, they completely forget or ignore another possibility: If the trade doesn’t go as expected, they will lose a huge amount of money. 

Also, in a few more trades, they end up losing their entire capital. Experienced traders never do this! They always follow good risk management.

Cameroon Online School of Forex is the best Forex trading and training academy in Cameroon and Africa.

Whatsapp +237675421156.

Top Secret On How To Trade Using Bollinger Bands

Bollinger bands looks like 3 lines that runs above and below the moving averages. When the price changes a trend or direction, the bands either converge or diverge as their distances also changes leading to changes in market sentiments.

The default indicator period is always set at 14 and a standard deviation of 2. You can adjust them depending on the time frame and the instrument you wish to trade.

How To Understand Signals Using The Bollinger Bands

If the bands are approaching the Moving Averages and start to narrow, it means the market is ready for consolidation.

A sharp convergence shows that volatility has increased and a strong trend movement is likely to follow.

When the bands move away from the moving averages, a range signal comes in and a current trend is strengthening or a new trend is forming.

If the bands diverge sharply, it shows that the market is highly volatile and we should expect a trend reversal.

Here price went beyond the line, meaning that a price correction is about to take place within the current trend or a change in trend. Any analysis depends on the Time frame chosen.

To work best with bollinger bands, demo trade this technique for a few days before you trade live. Follow your convergence and divergence on several trades to confirm if it works best for you.

Cameroon Online School of Forex- Contact us and learn forex trading.

If you need the best broker for your country, contact +237675421156

[Must Read] Hidden Illusions You Need To Know About Forex Trading

Just like the “iceberg illusion” there exists a "forex illusion”. Observers only see the exposed portion of the iceberg on top of the water forgetting that there is an equal or greater part of the iceberg below to make it balance. 

Such is the forex illusion whereby individuals, traders, and would-be traders only see the bluish part that is the money-making part of the profession ignoring that they have to study and practice hard to be successful. This is what has led to negative feedback in forex trading in which 90% is attributed to losers and only 10% for winners.

The Manifestation of Illusion in Forex

The forex illusion is a phenomenon whereby individuals trading in the forex market belief that it will be a 100% gain even though forex trading is not 100% success with only the sheer knowledge they have acquired. How does the forex illusion manifest?

Illusion in forex occurs when people especially beginners in forex trading do not continue in daily and intensive studies after their induction (first and usually fundamental training). 

They sit on the fence and expect to be profitable in the market which usually turns the opposite way. This leads to loses in trading and traders often attribute it to the market or brokers, while some blame the invisible forces of the universe.

Exigencies for a Successful Forex Trader

There are various requirements one has to put in place to succeed in forex trading. They are divided into pre and post necessities.

Pre-necessities

The pre-necessities consist of the induction (forex training) through which you are transferred the knowledge that introduces you to the fundamental aspect of trading. This permits you to navigate to an extent in the market but is not sufficient.   

Post-requirements

The post requirements refer to the work the trader has to carry out before, during and after trading from day one to the last day of your trading journey. This entails much efforts as s/he has to carry out research in areas of weakness for improvement. Without the aforementioned, you will not succeed because the forex market cannot be deceived. 

Nothing good in life comes easy. To avoid the forex illusion phenomenon and succeed in forex trading, traders have to work out flat. The trader has to invest his time in reading forex books, articles, attend a training session, and listening from expert traders.

 As such a trader will be able to develop a winning strategy, writing and implementing a good trading plan and will become profitable.  What you need to succeed is around you online and on-site no matter your location on the globe. 

Connect to https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi and have access to all what you need to become a profitable trader.

Why can the forex market not be fooled?

The forex market cannot be fooled because it is a decentralised online market controlled by the forces of demand and supply. 

It is so because, in the market, someone is either buying or selling a currency pair, you don't buy and sell a currency pair at the same time thinking that you will trick the market. 

No, you cannot trick the market because the market is wise enough and surprisingly SMART.  It can be illustrated by a simple rule that is when prices are rising you buy, and when they are falling, you sell. 

That is why when you make a wrong analysis and consequently a wrong decision, the market will just obey. This is what eliminates fraud in forex making it difficult for the forex to be dubbed.

The forex illusion is therefore real and turns out to affect the performance of forex traders. However, forex itself is not an illusion, it is a pragmatic skill and to succeed, one must go an extra-mile because only individuals are the ones who will be wrongly impressed, not the forex market. Connect to; https://chat.whatsapp.com/EeZ0JbkOX1BK5TpKTorkBi and be delivered from this miss-perception.

By Ayeah Gideon Gobti

NonFarm Payroll and Forex- How To Trade NFP

Nonfarm Payroll-NFP

What is NFP?

Nonfarm Payroll (NFP) is an economic indicator for the United States economy. It presents the number of jobs added excluding the agriculture sector (farm employees), government employees, private household and those of NGOs.

NFP new outbreak generally cause broad movement in the forex market. The news is released every first Friday of each month at 8:30 AM ET and 13:30 PM CAT.

What You Need to Know About NFP and Forex

• It creates high volatility in the forex market.
• Measures net changes in employment jobs.
• FX traders use economic calendar to prepare for NFP release.

How Does NFP Affects The Forex Market?

NFP is released by the Labor Statistics Bureau and release can be seen on an economic calendar. It is a great indicator for the current state of an economy.

Employment is a great tool for the Fed Reserve Bank. When unemployment is high, policy makers tend to have an expansionary monetary policy (boost low interest rates). The goal of expansionary monetary policy is to increase economic output and employment as well.

If unemployment rate is higher than usual, its obvious the economy is below its potential and policy makers will try to stimulate it. It lowers interest rates and reduces demand for USD.

Forex traders are ears-up of NFP data release. Traders should know that due to sudden increase in volatility, spreads do too and increased spreads can also lead to margin increase.

Currency Pairs are Most Affected by NFP

The NFP is a USD indicator, so your currency pairs include EURUSD, USDCHF, USDCAD, GBPUSD, AUDUSD, USDCHF, USDJPY and may others. Some pairs not even related to the NFP also show some mean volatility so traders should be aware.

Due to the volatility nature of the NFP, kingofpips of the Cameroon Online School of Forex urge traders around the world to use the pull-back strategy rather than breakout strategy. With the pull back strategy, traders should wait for a retrace before entering a trade.

NFP and pullback strategy

Points to Take Home

1. NFP release is accompanied with high volatility and increased spreads.
2. Currency pairs nit related to the USD could also be affected and spreads widened.
3. Finally NFP is released every first Friday of the Month.

To learn forex trading with Cameroon Online School of Forex, simply whatsapp +237675421156 for our next training batch or join here us https://chat.whatsapp.com/Ee . If you have been searching for the best broker in the Forex market, contact us to help you with one, best account type and a good leverage. Or just signup here https://my.octafx.com or https://fbs.com.

CMRFOREX-Cameroon Online School of Forex, 2020.

Simple Steps On How To Create a Real Octaforex Forex Trading Account

Let's take a step by step way to create a live forex trading account with Octaforex. Octaforex is one of the best broker for Cameroon, Nigeria, Ghana, South Africa, Tanzania and the whole of Africa, Europe, Asia and South America. 

Note that Forex trading involves risk and you need to accept the trading agreement before you create your live or demo account.

Create a Real trading account now https://octafx.com deposit and start trading live.

To open an account with Octaforex is as simple as a,b,c. 

• Register an account: Click open account at the top right corner of the home page menu.
• Fill in full name, Email and create password: Provide real name from the pop up menu, email and get your password.
• Verify your registration email: Open your email and complete your verification process while verifying the email. click "confirm email address".
• Fill Personal details: Here you have to fill your personal details such as country, city, phone number, date of birth. The information given must be correct and up-to-date and subjected to KYC procedure and verification. You must be above 18.
• Select a trading platform: Here you need to choose a trading platform and account type i.e real and demo. A demo account is just used for practice while a real account is used for real trading.

Octaforex offer 3 accounts depending on the trading platform.

1. Micro account on MT4, which is good for those still forging their way into the forex market. It has hundreds of built-in indicators for more convenience.
2. Pro account on MT5, considered for retail trading. It has more trading assets and more indicators and many time frames. 
3. ECN account on cTrader, a modern platform which suits all users.

• Complete your account choice:After choosing a platform, click continue for your trading account to be created.

Here your will see the details of your account like; Account number, Account type, Currency(EUR or USD), Leverage( you can still change it on your setting) and Balance.

• Verify your account with your national identity card by clearly snapping and uploading the two sides or use international passport. Deposit and start trading. Octaforex accepts bitcoin deposits and withdrawals.

Signup or create a real account here https://octafx.com Thanks for creating your live account.

You can also decide to trade with https://fbs.com an official partner of FC Barcelona.

For more on Forex trading Contact Cameroon Online School of Forex-CMRFOREX (+237675421156). The most influential Forex trading academy in Cameroon.

How To Create A Blockchain Account or wallet

Blockchain is the most used and the most powerful bitcoin and cryptocurrency wallet in the world. It was designed to send and receive bitcoin but can now accept more than 4 cryptocurrencies like STELLAR XML, BCH, BITCOIN, ETHEREUM, USDD.

A Bitcoin wallet address is composed of 32 unique characters which allows you to send and receive bitcoin. Once you create a blocKhain wallet, any currency in it has its own wallet where you can receive or send money.

To create a blockchain wallet, go to www.blockchain.info , click wallet, create your wallet. Enter an email address and password. Once you create it, your login details will be sent to your email which is a series of mixed characters and letters. All you need is to click it and enter your password to login.

BlockChain Wallet ID

A wallet ID also known as Wallet Identifier acts similarly to a username you use to access your email or login to your gmail account or Facebook. To login to your wallet, use your wallet ID, password and a 2 factor authentication if you enabled it.

Your wallet ID is a string of letters and numbers like this sample:

 

8a6fdded9-4253-534e-af6d-3fscbbf2db3cf

A wallet ID is used for login process and its different from receiving address. So it cannot be used to receive or send funds. That's the work of a blockchain address. Please never share your wallet ID with anyone.

How To Pair Your Blockchain Wallet to Use With Mobile App

A pairing code is a QR code allows you to sync your existing web wallet with iOS or Android device. Before you pair, make sure you have downloaded and install the latest version of blockchain for android or iOS. Once you open the app, follow these 3 steps on your existing wallet.

To pair your wallet with your mobile device, login to your wallet from a computer.

To display the pairing, click on "Show Pairing Code".

Once this QR code displays, you can scan it with your mobile device.

As with your wallet ID, you should never share your pairing code with anyone. The pairing code grants full access to your wallet and its funds. It should be used only by you when you wish to access your funds on mobile device.

How to send and receive money on your Blockchain wallet

• Click on send at the bottom of your screen if you are using a mobile phone and select the currency you wanna send.
• In the field, paste recipients's address or scan the recipient's QR code.
• Enter the amount you want to send.
• Once you are ready to send, click Continue to review the details of your transaction.
• Once verified, click send bitcoin or any cryptocurrency on your blockchain you wish to send.
• To monitor incoming and outgoing transaction on your wallet, click activity at the bottom left of your mobile app.

To receive money, click Receive and copy your wallet address and send it to your sender even through whatsapp, messenger, or even email or sms to fund your wallet. Once it is sent you will see it live on your wallet after 3 block confirmations.

Forex traders can use bitcoin to fund their trading accounts. To get the best broker who uses bitcoin to deposit (min $5) and withdraw ($1). Lowest spread, no swap and leverages of up to 1:3000. Signup here https://octafx.com or signup with https://fbs.com an official partner of FC Barcelona.

Contact +237675421156 to help you.

If you find our post helpful, you can simply copy this bitcoin address to chip in what you can to help us go for more research.

Bitcoin address: 1cNaVGe6feonPabcpJiSXbShUimURcKJ2 

Cameroon Online School of Forex, Rooney N.

Forex Trading Sessions and Times in Details by Cameroon Online School of Forex

Cameroon Online School of Forex presents details on Forex sessions worldwide. Cameroon Online School of Forex is the best Forex academy in Cameroon, CEO Rooney Nshing-Kingofpips, who founded the academy in 2018.

New York Session

New York (open 1 pm to 9p.m.) is the second-largest forex platform in the world, watched heavily by foreign investors because the U.S. dollar is involved in 90% of all trades, according to "Day Trading the Currency Markets" (2006) by Kathy Lien.1 Movements in the New York Stock Exchange (NYSE) can have an immediate and powerful effect on the dollar. When companies merge, and acquisitions are finalized, the dollar can gain or lose value instantly.

Tokyo Session

Tokyo, Japan (open 11p.m. to 8 a.m.) is the first Asian trading center to open, takes in the largest bulk of Asian trading, just ahead of Hong Kong and Singapore. The currency pairs that typically have a fair amount of action are USD/JPY (or U.S. dollar vs. Japanese yen), GBP/CHF (British pound vs. Swiss franc), and GBP/JPY (British pound vs. Japanese yen). The USD/JPY is an especially good pair to watch when the Tokyo market is the only one open, because of the heavy influence the Bank of Japan (Japan's central bank) has over the market.

Sydney Session

Sydney, Australia (open 9p.m. to 6a.m.) is where the trading day officially begins. While it is the smallest of the mega-markets, it sees a lot of initial action when the markets reopen on Sunday afternoon because individual traders and financial institutions are trying to regroup after the long pause since Friday afternoon.

London Session

London, Great Britain (open 7a.m. to 4p.m): The United Kingdom (U.K.) dominates the currency markets worldwide, and London is its main component. London, a central trading capital of the world, accounts for roughly 43% of global trading, according to a report by BIS.3 The city also has a big impact on currency fluctuations because Britain's central bank, the Bank of England, which sets interest rates and controls the monetary policy of the GBP, has its headquarters in London.4 Forex trends often originate in London as well, which is a great thing for technical traders to keep in mind. Technical trading involves analysis to identify opportunities using statistical trends, momentum, and price movement.

Overlaps in Forex Trading Times

The best time to trade is during overlaps in trading times between open markets. Overlaps equal higher price ranges, resulting in greater opportunities. Here is a closer look at the three overlaps that happen each day:

U.S./London (7a.m. to 4p.m): The heaviest overlap within the markets occurs in the U.S./London markets. More than 70% of all trades happen when these markets overlap because the U.S. dollar and the euro (EUR) are the two most popular currencies to trade, according to Lien. This is the most optimal time to trade since volatility (or price activity) is high.5

Sydney/Tokyo (7a.m to 8a.m.): This time period is not as volatile as the U.S./London overlap, but it still offers a chance to trade in a period of higher pip fluctuation. EUR/JPY is the ideal currency pair to aim for, as these are the two main currencies influenced.

London/Tokyo (7 a.m. to 8a.m.): This overlap sees the least amount of action of the three because of the time (most U.S.-based traders won't be awake at this time), and the one-hour overlap gives little opportunity to watch large pip changes occur.

Learn Forex trading with the Cameroon Online School of Forex-CMRFOREX. Whatsapp +237675421156.

Contact us to help you with the best forex broker for Cameroon, Africans and the world. Or register an account here www.fbs.com or https://my.octafx.com

Please always contact us before you register. Forex signals in Cameroon are a kingofpips free gift.