Bitcoin Trading On Luno: How To Use The Trade Orders

 



Last Updated, January 2022



Sometimes last 2 years,2020, Luno Cryptocurrency Exchange platform changed their Exchange platform. This has lead to confusion among the Luno platform users.

To help those who don't know how to navigate their way on the new platform or how to make use of the trade Orders on Luno, or those that wish to learn more, this article is for you. 


There are 3 different trade Orders on Luno exchange platform regardless of whether you are using mobile or desktop device.

They are:

  • Limit Orders
  • Market Orders
  • Stop-limit Orders
We are going to explain them all and possibly give a brief example on how to use them here.

 
Limit Order

Limit order is the order you place on the platform to buy or sell cryptocurrency. Simple!
 That is, a limit order had two aspects; there is "buy order and there is "sell order". A buy order can also be called bid while a sell order can be called ask. 


Buy Order: When you are to buy a cryptocurrency on Luno exchange platform or other exchange platform, you place a buy order. This is done by clicking on Place Order and selecting Buy.




Limit order here is simple the equivalent price of 1 Bitcoin (or other cryptocurrencies) in local currency, you are willing to buy at.

If you’re trading crypto to crypto pairs, the limit order price will not be your local currency, but, the limit on the crypto that you’re using to buy another type of cryptocurrency, Example, if you are using Bitcoin to place a buy order for Ethereum, the limit order place will be in Bitcoin.


Sell Order: As explained on the Buy Order, sell order is the amount of 1 Bitcoin (or other cryptocurrencies) in local currency that you are willing to sell your crypto for. To place a sell order limit, you click on place order and then select Sell. 

When you want to sell, you enter your sell limit order. This is the minimum price of the Bitcoin (or other cryptocurrencies) you are willing to accept for that amount of Bitcoin (or other cryptocurrencies) you are about to sell.


Note: When placing your order, click on "Limit" to set your own price.

You can cancel your buy/sell order anytime by going to My Order tab and click on that particular trade order. Cancel will appear, you can then proceed to cancel.




Market Order

 This is also called a Taker order. This involves buying or selling at the prevailing market price. When you place a buy order at the prevailing market price or higher, your order will be filled (take place) immediately. Also when you place a sell order at the prevailing market price or lower, your order will be filled (take place) immediately. 

When you place your trade order in this way, your order will take place immediately but at 1% fee.

To place your order, click on Place Order and select Market. Then select buy or sell depending on your trading purpose, followed by entering the best trading price that suites you.


Stop-Limit Order

Stop-limit order is almost the same as limit order, but it becomes active immediately the market has reached a set stop or trigger price that you set. Once the condition has been met, a limit order will be posted in the order book at the specified limit price you set.

A stop-limit order has 2 aspects: stop price and limit price.

" A stop price refers to the condition of the specified target price for the trade, and a limit price refers to the instruction for a trader to exit their position".

Once the stop price is reached, a limit order is automatically placed in the order book to buy or sell at the limit price or better.

The importance of Stop-Limit Order is to protect your from the volatility nature of Bitcoin and other cryptocurrencies.

To place a stop-limit order, click on Place Order, select Stop-Limit Order followed by selecting Buy or Sell.

Then set your Stop Price and Limit Price. Select Buy or Sell and click Place order.

Example, you bought 1BTC at ₦5,000,000 and you want to sell at higher price. You place a stop-limit order with Stop Price at ₦5,050,000 and Limit Price at ₦5,200,000. If there is a sharp decline in price below the stop price of ₦5,050,000, then a limit order is created at ₦5,200,000. Your order will now be active in the order book and will wait for the price to return to this level or above before being sold.


Conclusion:

Trading Bitcoin (or order cryptos) on Luno is simple so long as you know the interface, the trade charts and the right time to buy and to sell. I can assist you to teach you how to trade Bitcoin professionally and be making good daily profit with guarantee through my trading training ebook and video tutorial as well we private one on one training on WhatsApp.



Contact:

Tochukwu M.D.
+2348035217265 (Calls/WhatsApp).
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How To Grow Your Business Online Without Spending Much Money

 


Updated January, 2021


Growing your business online could be one of the biggest challenges for new startups or newbies. This could be because there are more than a few entrepreneurs online daily talking and marketing the same kind of business, and offering the same services as you. You log onto social media and you will many paid adverts and marketing activities on groups pages. Building an online business isn’t easy, and there are some hard realities that you need to realise.


If you are just starting a business, then you cannot afford to waste money. We have put together in this article how you can grow your business online without spending much money.


You need a website

To get online and be a moving brand, you will be a website with branded logo. The biggest mistake you can make as a small business is choosing the wrong platform to build your website. A wrong platform will not only cost you more money, but it will also limit your business’ growth potential.


I recommend using WordPress. It is the most popular website builder in the market, and it powers over 40% of all websites (including both small and large businesses).


We can help you build a professional and good costume WordPress website at a very affordable price. Click here to learn more



Make it easier for people to reach you through your website

If you want your website to bring you more customers, then you need to add an easy way for visitors to contact you.


The easiest way to do that is by using a contact form on your website. WordPress doesn’t come with a contact form. Luckily, there are WordPress contact form plugins that can help you easily add a contact form to your website. We will help you fix this when we create your website. Click Here.


Do not copy other Entrepreneurs

Do not attempt copying other Entrepreneurs within your sector or area because customers will find out, and they will chose to go for the original creator of the idea or product. Internet is a very small world, no thanks to search engines. Be unique and learn in a unique way what you do not know about the business you are running. After learning, implement in such as way as it fits your business and your prospects. Copying someone else means you lack vision and purpose for your business. 


Have a strong brand

There are no better time to create your brand than the time you are starting your new business. Make sure your business stands out and is true to who you are!


Because having a strong brand will make you stand out from the competition and it will also allow you to attract the right clients to your business, and both of those things are very important.


Create better blog posts and title

Creating better blog posts titles brings in more readers and helps with SEO. Also, constant posting on your blog helps with the ranking on your blog/website by search engines.


Let people know that you've got some seriously juicy content by creating titles that really do them justice!


Start Building an Email List

The fact is, most people who leave your website will never come back again. This means that if you don’t get their email address, then you will have no way to communicate with them in the future.


The most cost-effective way to do this is by building an email list and getting relevant email database.


Email marketing is the most reliable way to communicate with your website visitors. And, it is relatively cheap compare with other marketing methods. Your website should have a contact form, where you collect visitors data. We include this in the website if we build website for you. Learn more.


For your email marketing, you can use our service to promote your business via emails. Click Here for more details.


For email database relating to your business, click here to check out this database.


Get More Organic Traffic From Search Engines Such As Google

Search engines like Google are the major source of traffic for most websites on the internet. There are a lot of things you can do to optimize your website for search engines by learning basic SEO skills.


SEO or search engine optimization is a set of guidelines and techniques that make your website more search engine friendly. It is not too technical and you will be able to do it on your own. We add this to the websites we build.

 

Have A Content Marketing Plan

Content marketing is a plan to create useful and relevant content to attract and build an audience. This allows you to get more targetted traffic from search engines without spending a fortune.


The easiest way to add useful content to your website is by adding a blog. WordPress allows you to add a separate blog page to your website and sort your content into categories and tags.


You need to plan your content strategy by finding out the keywords your users may be looking for.


Use Social media Marketing

You don't want to be posting just photos of what you ate for lunch/dinner, trust me.

Social media platforms have highly engaged audiences. Facebook alone has 1.47 Billion daily active users, that’s around 18% of all people in the world. Twitter, YouTube, LinkedIn, and other social media platforms also have highly engaged users.


With so many users, social media platforms bring great opportunities for business. You can start by creating your business’s social media profiles and automatically sharing your blog posts.


You should make it easier for your users to share your content on social media. For that you will need a social media plugin for WordPress. These plugins add social sharing buttons to your WordPress site.


Next, you should prioritise Social media ad placement. This helps to get your website/Business to target potential clients that will need your services. This is the most effective marketing strategy currently. You can not scroll for 30 seconds on Facebook without seeing a Sponsored Ad. We can help you out with social media marketing.

 Click Here to learn how 


Be an Active Participant in Online Communities

Online communities include forums and question-answer websites. These are the places people go to post their questions, socialize, find content, and explore. Top communities on the internet include Nairaland, Reddit, Stack Exchange, Quora, TripAdvisor, and more.


These communities provide you with access to people interested in topics associated with your industry. You can join them for free and invest your time in building authority.


First, you need to find out which communities are more relevant to your business and where your potential customers may go looking for answers or content. For example, if you run a travel website, then you may find TripAdvisor more helpful than other communities.


Don’t spam these forums with links to your website in each post. Build authority by genuinely participating with helpful content, and mention your business or website when it is appropriate.


Make Effective Use FOMO to Boost Sales and Conversions


Fear of missing out’ (FOMO) is a psychological term used to describe anxiety about missing out on something exciting and trendy.

As a business, you can take advantage of this human behavior and use it to boost sales and conversions. Basically, you need to build anxiety by adding scarcity to your offers. Example, "Only 5 Rooms left, book Now".



Improve Your Website’s Speed and Performance

As a website owner, you have very little time to show users what you have to offer and convince them to stay on your website.


This means that you need to optimize your website to make sure that it is fast and performs well even under high traffic.


Thank you for reading. 

For assistance in getting your business online or growing your business online, you can contact us: 


support@digitalmarket.com.ng

tochukwudike@gmail.com

+2348035217265

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LUNO Cryptocurrency Platform Acquired By Digital Currency Group

One of the leading blockchain companies, Digital Currency Group(DCG) has recently acquired the British based crypto exchange, Luno.


In 2014 DCG had initially bought a stake in Luno by investing in the exchange’s seed. Luno currently have more than five million registered users on its platform and cut across over 40 countries in Europe, Africa and Asia.




DCG which is based in America will be making a significant financial commitment to support Luno expand.


The Founder and CEO of DCG Silbert spoke on the recent deal. He said, “We are proud to have supported Luno as an early investor, and we recognize a shared commitment to building mission-driven companies that can help transform traditional financial services and improve economic freedom for people all over the world.”

“Luno is a high growth, global business and there is a massive opportunity to expand organically and through acquisitions,” he added.

DCG stated that Luno will keep operating as an independent organization under the leadership of its CEO while DCG will provide leadership, partnership, and investment capital to help the exchange scale its business.



Luno has helped broaden the global crypto investment community and the company has seen record growth of its customer base in 2020.


In Africa, especially in Nigeria and South Africa, the company saw more than 550,000 new users on its platform in Q2 2020 and contributes the largest share of cryptocurrency trading volume on the continent across non-P2P exchanges.


Luno is currently in operation in Nigeria, South Africa, Uganda, Zambia, Malaysia, Indonesia, Singapore, Australia and across Europe.
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Problems You Will Encounter In Oil And Gas Marketing Business In Nigeria


Recently Updated


Oil and gas marketing and distribution business in Nigeria is one of the most lucrative business to venture into even as an independent broker.

However, there are challenges or problems one might face in the business especially if you did not get the required training.


The following problems may arise in transit because transportation is usually handily by third party contractor by customers themselves.



  • Shortage of product quantity
  • Delay in supply of products
  • Adulteration and contamination ofaof products
  • Theft of products.
  • Road risk problems



It is therefore necessary to have a good knowledge of the approved standard procedures for handling all petroleum products in the industry.

All petroleum products whether Petrol (PMS), Diesel (AGO), Kerosene (DPK), low-pour fuel oil (LPFO) and high-fuel oil (HFO) are usually supplied in bulk truck of various capacities, Calibrated by approved independent petroleum inspectors.

Most of these problems, if not all, are avoidable. And these problems can escalate into a bigger issues it not properly handled. That is the reason we always advocate for any form of training before joining the business even as a broker.


The problem associated with adulteration, contamination and theft of petroleum products are best addressed through proper understanding of the following:


– Name, phone number and address of the marketer.
– Name, phone number and address of transporter as well as the Truck registration number
– Date of calibration of the tanker compartments
– Haulage certificate number
– Name, address, stamp and signature of the approved calibration company.



LOADING
 The oil and gas marketing strictly ensures compliance with the rules, regulations and procedures for loading petroleum products. The following information is provided on the copy of delivery invoices to the consumers.

– Depot location
– Date and time of loading
– Haulage measurement of the compartments
– Seal numbers on the man-hole covers and discharging valves.
– Authorized signature.


DELIVERY
 At the arrival of the product at the consumer location, the designated receiving officer must ensure that the following guidelines are followed to ensure that quantity and quality of the products are maintained.

– Collect the dispatch note and haulage certificate from the truck driver.

– Note the time of arrival and ensure that the truck is positioned on level ground before checking calibration.

– Confirm that seal on the man-hole covers and discharging valves are still intact and that their numbers correspond to those indicated on the dispatch note.

– Confirm the product quality supplied as indicated, using a hydrometer thermometer, T- bar haulage paste and water finding paste.

– Confirm the product type with the color code on the truck as indicated by the waybill.

– Confirm that they’re no water in each compartment by smearing the water finding paste on the T-bar and lowering it through the man hole hatch. The paste changes from golden to a brilliant red colour if water is present.

– Confirm the haulage reading of each compartment by smearing the haulage paste on the T- bar and lowering it through the hatch cover into product.


If the quantity and quality are confirmed and the papers are complete, you can then proceed with discharging of the product.


For complete training and understand of the business of oil and gas marketing, and to learn how to start the business with little or no capital, get our training manual (ebook) today. The manual cost ₦8,000 only and you will also get introduction letter from us to make the business easier for you. I will personally guide you in the business till you succeed.
The manual is in ebook format and it will be forwarded to your email address immediately after payment.

To order for the manual, contact:

 tochukwudike@gmail.com
customercare.dillionworld@gmail.com
oilandgassupplyng@gmail.com
+2348035217265

 You can also pay online and download immediately through Paystack. 
Click Here To Pay Online
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