Nigeria

1. Step 1: Find a business you wish to start. Conduct market research and develop a business plan.
2. Step 2: Find a good business name that is unique and relevant to the trade.
3. Step 3: Register your business with the Corporate Affairs Commission (CAC).
4. Step 4: Acquire the required licenses and permits depending on the type of business.
5. Step 5: Register for taxes with the Federal Inland Revenue Service (FIRS) to get a Tax Identification Number. (TIN)
6. Step 6: Open a business bank account and pay the required fees before launching the venture.
7. Step 7: Ensure you meet all the laws and regulations involving your business to ensure compliance.

Nigerian Business Forms

Sole proprietorship 

Description: A sole proprietorship is a business owned and managed by one person. The sole proprietor is responsible for all decision-making, profits, and losses. 

Partnership 

Description: A partnership is an arrangement of two or more people conducting business together to generate profit. Nonetheless, the number of participants in such groups usually is at most twenty. 

Types: General partnership, limited partnership, limited liability partnership 

Limited liabilities companies 

Description: This business form shields people from personal accountability for the company's debts and losses whenever they occur. 

Types: Limited by shares, Unlimited by shares, Limited by guarantee 

Corporation 

Description: A corporation is a type of commercial organization that shields its shareholders from losses that exceed their original capital contributions.

Chemical Strategy

The most likely cause is that prior to these profitable runs, was a period of chemical-strategy-drawdown. Time and time again we see this pattern. The strategies have a short period of drawdown and everyone freaks out! So they quit, take a break, find another strategy, change their strategy or start skipping trades that don’t “feel good”. This is the WORST thing you can do when learning to trade a chemical strategy.