EXECUTIVE SUMMARY:

I, AKANBI OLUWAPELUMI AYOMIDE, a student of University of Ilorin, Faculty of Education, Social Sciences Department, 200L, am seeking sponsorship from you to support my endeavor in establishing myself as a forex trader. The sponsorship will primarily cover the acquisition of essential tools and resources, including a laptop, reliable internet connection, and a capital fund ranging from 500,000 to 1,000,000.

BUSINESS OVERVIEW:

Objective: To establish a successful career as a forex trader by acquiring the necessary tools and financial support to engage in strategic trading and investment activities.

REQUESTED SPONSORSHIP:

1. LAPTOP AND INTERNET CONNECTION:

- Purpose: A dedicated and efficient laptop with a reliable internet connection is crucial for real-time market analysis, trade execution, and research.

- Estimated Cost: N250, 000.00 - N300, 000.00

2. CAPITAL FUND:

- Purpose: The capital fund will be utilized for initial trading investments and risk management strategies.

- Requested Amount: 500,000 to 1,000,000

BUSINESS PLAN:

Forex Trading Strategy: Outline your trading strategy, risk management approach, and expected outcomes.

OBJECTIVE:

To utilize a capital fund ranging from 500,000 to 1,000,000 to establish a successful and sustainable forex trading venture, with a focus on strategic trading, risk management, and achieving consistent profitability.

TRADING STRATEGY

Technical Analysis: To implement technical analysis tools (moving averages, support and resistance levels, etc.) for precise entry and exit points.

Fundamental Analysis: To stay informed about economic indicators, geopolitical events, and market sentiment to make informed trading decisions.

Timeframe: To utilize a combination of short-term and long-term trading strategies based on market conditions.

Risk Management Approach:

Using Stop-Loss Orders: Set clear stop-loss levels to mitigate potential losses in each trade.

Position Sizing: Determine the appropriate position size based on risk tolerance and overall portfolio size.

Diversification: Spread risk across different currency pairs and trading strategies to reduce exposure to individual market fluctuations.

Risk-Reward Ratio: Maintain a favorable risk-reward ratio for each trade, aiming for a minimum of 1:2.

FINANCIAL GOALS

Achieve a consistent monthly return on investment.

Grow the capital fund steadily over the course of time.

PERFORMANCE METRICS

1. Maintain a minimum win rate of 20%.

2. Keep the maximum drawdown within 10%.

LEARNING AND ADAPTATION:

Continuously learn from both successful and unsuccessful trades, adapting the strategy based on market dynamics.

CONCLUSION:

By sponsoring my venture, you will play a pivotal role in supporting an individual's journey toward financial independence and empowerment. I am committed to transparency, accountability, and achieving success that reflects positively on both parties.

I look forward to the opportunity to discuss this proposal further and explore how we can create a mutually beneficial partnership.

Thank you for considering my request.

Account details:

PayPal: mko.oluwanisola@gmail.com

Naira account

Account number: 2287696675

Bank name: UBA

Account name: Oluwapelumi Ayomide Akanbi

Sincerely,

AKANBI OLUWAPELUMI AYOMIDE

Oluwapelumiayo2021@gmail.com

08169104542