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The Six Common Mistakes Forex Traders make

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The Online FX Trading world can be full of unpleasant surprises for those with huge expectations but little preparation. With its low entry barrier, the online foreign exchange market is one of the world’s most accessible Day Trading markets. With the knowledge, a computer or smartphone, a stable internet connection, and a few hundred dollars, you should be able to start Day Trading.

However, the relatively easy entry is not a promise of making you a millionaire overnight. Effective online Trading can be a rewarding and exciting venture, but if one isn’t careful, it can also be rather discouraging. Avoiding certain forex trading mistakes, whether you’re new to online FX trading, or have several years of experience, can go a long way to keeping your trades on the right track.

The forex mistakes to avoid, discussed in this article, are the reasons many new forex traders do not succeed as much as they would have liked to.

Starting Out Without Any Education and A Trading Plan

Learning about forex is integral to a trader’s success. Online forex trading must be considered as any other profession if you want to be successful at it. Surgeons, for instance, do not perform heart surgery without a 5–7-year degree in medical school, with core surgical training in a hospital. The most common online forex trading mistake to avoid is believing you can succeed without any trading education or experience. Learning the ins and out of the business, then learning how to read and interpret the charts, is crucial to becoming profitable. Unless you educate yourself, trading will be disastrous for your account. The most efficient way to become a successful online forex trader is to access the experience of successful traders. We discussed this at length in our article, The Importance of Forex Education before Trading Online. Investing in forex trading courses, with a well-established forex trading academy, that will give you the right knowledge about online forex trading, and how the markets work, is indispensable. Geldex Invest offers you a wealth of educational content in a variety of forms: courses (both online and in-person), blogs, and webinars, all geared to helping you master forex trading online.

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Avoid trading on feelings and whims. Before entering a trade, it’s important to do your homework. Many traders make the mistake of thinking they don’t need a trading plan now, so they will create a trading plan “later on”, or after they start making money, or they can simply “keep it in their heads”. On the contrary to these rationalizations, as a beginner trader especially, you need a trading plan to guide you and solidify your trading strategy. A trading plan outlines your strategy, defining what and when you will trade. It should include what markets you will trade, at what time, as well as the time frames you will use for your analysis and taking trades. Your trading plan should include your risk management strategy, outlining how you will enter and exit trades for both winning and losing trades.

Currency pairs are closely linked to national economies and are affected by a number of factors. Since they are traded almost every day of the week, it implies that there is usually something going on that will move the markets. You should be aware of upcoming events that could affect your trade and have the ability to forecast which way these events could swing the markets. The mistake some traders make as they follow events, is not paying attention to what the technical indicators are showing in comparison to the fundamental event analysis.Commom Mistakes Image 2

Harboring Unrealistic Expectations

A common mistake that online forex traders make is harboring unrealistic expectations. This is also one of the mistakes that beginner traders usually make. This usually results from some unscrupulous trading advertisements, enticing you to become a millionaire overnight by investing just a small amount. Images of “grand” lifestyles, represented by mansions, the latest model vehicles, and travels mostly accompany such advertisements. It is not impossible to make such huge returns on small investments, but at what risk level will one be able to achieve such a feat?

The best way to avoid unrealistic expectations is to have a trading plan. If it yields steady results, we advise that you stick to it, as even a relatively small gain can become large with forex leverage. In effect, as your capital grows over time, a position size can be increased to ensure higher returns. As a new investor, the best way to approach investing in trades, as we have indicated in previous articles, is through a measured approach; going for the smaller yet consistent kind of returns that are not overly high-risk. As you gradually become a more experienced trader, you will be able to increase your risk level after some time, enabling you to master online Forex Trading.

Risking More Than You Can Afford

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The practice of taking on excessive risk does not necessarily guarantee excessive returns. A very common forex mistake many traders, especially Beginner traders, make, is failing to understand how Leverage works. Some forex traders make the mistake of not taking their time to familiarize themselves with both Margin and Leverage, and therefore put more capital at risk, than they had originally intended to or planned. Leverage – and its commensurate risk – is a double-edged sword that amplifies the downside as much as it adds to potential gains. The benefits are clear, but the risks are often neglected. When you have a small initial deposit and make a disproportionately big trade based on the leverage you choose, you can experience sizeable losses if the market moves against your position by even just a small amount.

A key part of your risk management strategy is to determine how much of your capital you’re willing to risk on each trade. Ideally, day traders should risk not more than 1% of their capital on a single trade. This means that a Stop Loss order will close out your trade if it results in more than a 1% loss of your trading capital. Professional traders will often lose even less than 1% of capital on a single trade. The percentage might seem small, but this translates into a relatively small amount of your capital being lost even if you lose multiple trades in a row, and is an effective strategy to carry on long enough to develop profitable skills. On the other hand, if you make more than 2% on each winning trade, your losses are recouped.

Trading Without a net

Risk Management should be every beginner’s mantra. The currency market is swayed by multiple factors, from domestic fiscal changes to international diplomacy. Since it’s simply impossible to watch the forex market 24 hours a day, this is why stopping and limiting orders are important; helping you get in and out of the market at pre-determined prices. Trading without a Stop-Loss is a recipe for disaster. It’s how small manageable losses become devastating wipeouts. It’s like saying, “I know I’m going to be right – it’s only a matter of time.” That may be so, but it may take much longer than your margin collateral can support.  Setting a Stop Loss costs you nothing; it’s a free insurance policy. Not only is your trading platform able to execute trades when you are not available, but it also enables you to think through to the end of your trade and set exit strategies even before you’re actually in the trade, and your emotions get the best of you. Placing contingent orders may not necessarily limit your risk for losses. Adding to a losing trade with the common mistaken belief that the trend will soon reverse, is a dangerous practice, as prices can move against you for much longer than you expect or hope, thereby compounding your losses.

Emotions Based Trading

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Another very common forex mistake to avoid is trading with emotions. Emotions are every Trader’s arch enemy. When you’re trading with emotions, you make decisions based on what you feel instead of what the facts are saying about the markets or about your trade itself. Given; that a loss never feels good. But allowing unsuccessful trades to get to you, makes you emotional and irrational, tempting you to make knee-jerk or follow-up trades that will most likely be outside your Trade Plan. This is referred to as Revenge Trading; When you get into a revenge trade, you’re most likely still seething or too stressed out to make a sound trading decision. Instead of revenge trading, cut your losses, and focus your efforts and energy on analyzing what went wrong, while you figure out what you can do to improve your subsequent trades.

No trader makes a great trade every single time. You need to accept that losses are a part of trading and every other business for that matter. In the long run, when you stick to your trading plan, it compensates for your loss. If it doesn’t, it may be time to review your trading plan and make adjustments. There are two trading statistics to keep a close eye on: your Win rate and your Risk-to-Reward ratio. If your win rate is constantly below 50%, and your Risk-to-Reward ratio is constantly below 1:2 or 1:3, it may be time to make some changes.

Closely related to this common mistake is traders allowing themselves to get overly excited over a successful position, and allowing their emotions to run wild. The euphoria as a result of a successful trade, if not kept under check, can also cloud your judgment and decision-making just as much as running losses. The buzz from a win sometimes leads traders to rush into another position with their new-found capital without first carrying out the proper analysis. This may lead to losses and potentially wipe out the gains you recently made on your account. The online forex market is 24/5, so there should be no rush to make a trade.

Trading Live Accounts from Scratch

Using your hard-earned capital to test a new trading plan is almost as risky as trading without a plan at all. Before you begin to trade with real money, open an online forex trading account you can simply practice on. This is called a Demo Account. On this account, you are at liberty to try out trading plans with virtual funds, as you get a feel of the trading platform your broker offers, and of online forex trading as a whole. Geldex offers you the opportunity to practice what you’re learning from our forex trading academy on a Demo Account specially designed to give you a live account experience. Although you’re unlikely to get affected by your emotions as you would when trading your own money, it allows you to see how you will react to trades not going your way, and learn from your mistakes without the associated risks.

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In Conclusion

Many traders enter online forex trading hoping to “score big” in a very short time, and take home a quick fortune, without appreciating the fact that effective online trading should be seen as an investment, where the rules of investing equally apply. When reality bites and they begin generating unexpected losses, manifested by waves of bad decision-making, they eventually begin to realize that profitable trading is a lifetime pursuit, requiring them to acquire the knowledge, control their emotions, and let the numbers and signals determine buy and sell decisions, rather than greed and fear.

Being a committed student of the forex market, doing your research, developing a solid trading plan, managing your capital, and developing great trading attributes such as discipline and patience, will all ensure you have a long and successful trading career. As you progress on your online forex trading journey, you should step back and adjust your plans when the need arises, as you will find it beneficial to implement different strategies at different times on this journey. Heeding the points we have discussed here, should guide you through your evolving skills and plans. Mistakes are inevitably part of life, especially for people entering a terrain they are not used to – beginner forex traders in this instance. But being aware of these common forex mistakes will make you better prepared to minimize your errors and boost your gains.

Once you find a way to consistently make money trading, it doesn’t end there; financial markets are ever-changing and evolving organisms. If you fail to adapt to changing market conditions, you’ll be out of business shortly after. Remember trading mistakes are a part of the journey, and you may be unable to avoid them all at once. Use the lessons learned from these mistakes as stepping stones to better yourself into becoming one of the great traders you admire.

Final Tips:

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  • Dedicate yourself to a career-long journey of Forex education
  • Be disciplined; trade the facts, not your emotions
  • Use Stop Loss and Take Profit rates to manage risks
  • Make use of Limit Orders and price alerts to enter the markets
  • Be realistic and not greedy.

If you enjoyed reading this article from Geldex Invest, give it a like and share it with anyone else you think it may be of interest to.

Brought to You by Geldex Invest on behalf of Growell Capital.

 

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Content piracy: Deceptively deadly face of organised crime

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Illicit online platforms offering cut-rate access to films and TV series are often fundraising channels for syndicates involved in everything from child porn to sex-trafficking, drugs, and terrorism. Law enforcement teams across Africa now take an aggressive approach to prosecuting the criminals involved in pirating and using content.

A 2009 study found extensive links between film piracy, organised crime and terrorist groups. The purchase of any kind of counterfeit goods can be traced to organised crime. Stolen content may be entertaining, but it is being used to fund the most harmful, grotesque crimes on the planet, including human trafficking, terrorism, gambling, drug dealing and child pornography. 

These principles apply irrespective of the brand or product being counterfeited – everything from a fake fragrance to a pirated TV series can be part of a fundraising campaign for an international terror network.  

From a moral point of view, users of pirated products are financial sponsors of criminal activities, all of which are interlinked in the global criminal underworld – drugs, terror and sex trafficking included. 

After years of information campaigns on the evils that are funded by content piracy, it’s “no more Mr Nice Guy” from police and prosecutors across Africa. Law enforcement is clamping down, and users of pirated content are squarely in the crosshairs. The message is now clear: engage in piracy, and face severe consequences. 

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The use of illegally pirated content films, series, music, etc opens online users to very real personal risks, such as malware, identify theft, fraud and financial ruin. However, the most critical risk is that it makes them complicit in international crimes destroying millions of lives. 

While streaming a series from a dodgy site may seem harmless at first blush, it opens users up to arrest, prosecution and even jail. 

Suspects have been arrested in Cape Town for selling pirated content. In Tanzania, two were convicted for running an illegal content streaming website, and in Kenya, two men were arrested recently for providing illegal internet services. Raids are now being conducted all over Africa almost daily, as law enforcement takes its work to a new level. 

Other destructive impacts of content piracy are that the creative industry suffers from lost jobs and income; audiences suffer due to reduced choice; and industry and entire economy suffers through discouraged investment. Culturally, content piracy also robs African creatives of the opportunity to tell their own stories. 

Complicating the challenge of fighting piracy is that pirate streaming websites are cheaper than legitimate content platforms. This is because authentic content businesses actually pay the artists who create the music, the film workers who produce the shows, and all the professionals who put entertainment content together. 

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Pirate operations, on the other hand, simply steal the finished product and profit from it, with no investment or support for the development of the industry. 

“The days of gently informing citizens of the risks of piracy are over,” says Frikkie Jonker, Director of Broadcasting Piracy and Cybersecurity at Irdeto. “People need to understand the severity of what they are doing when they support piracy, and they must know the consequences they will face.”

Supporting the new content piracy clampdown is an increasingly firm, continent-wide set of copyright and anti-piracy laws. Police services and the courts are committed to aggressively prosecuting piracy across the continent. 

They also have digital surveillance and monitoring systems to support their work and gather evidence for their investigations. 

These capabilities are supported by clear government commitments across African territories. A recent cooperation agreement between South Africa’s justice department and pan-African advocacy group Partners Against Piracy (PAP) is a case in point. 

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“This kind of cooperation will ensure that lawbreakers are arrested, prosecuted and jailed quickly and effectively,” says Jonker. “Law enforcement has always been committed to prosecutions across Africa and they are constantly making arrests and winning convictions.”

Enforcement agencies on the continent also undergo regular training to inform them of the latest piracy trends, and to give them the tools and equipment to execute their job as professionally as possible.  

Jonker lists recent breakthrough arrests in Kenya, Tanzania, Ghana, Nigeria and Zimbabwe and Botswana for crimes such as rebroadcasting, selling decoders illegally, domain piracy, breach of copyright, accessing pirated content, and being complicit in organised criminal syndicates. 

There have also been arrests outside Africa, thanks to collaboration between local and international law-enforcement agencies such as the US Department of Homeland Security, Interpol and Europol.

Ultimately, the war against content piracy has entered a new era of more ruthless enforcement. In a globalised criminal environment, even a seemingly non-violent crime like content-piracy has a devasting human impact. Law enforcement has adapted to respond accordingly.  

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Silk Bed Sheets and Kratom: Unlocking the Secrets to Serene Nights and Restful Mornings

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In the quest for the perfect night’s sleep and the most rejuvenating mornings, many have turned to unconventional yet promising combinations. Among these, the pairing of silk bed sheets and kratom has emerged as a particularly intriguing avenue. 

This article explores the synergy between these two elements and how they contribute to creating an environment conducive to serene nights and restful mornings.

Silk Bed Sheets: The Epitome of Luxury and Comfort

Silk bed sheets have long been associated with luxury, elegance, and indulgence. Made from the delicate fibers spun by silkworms, silk boasts a smooth, lustrous texture that feels exquisite against the skin. Beyond its aesthetic appeal, silk offers a range of benefits that contribute to a more comfortable and restorative sleep experience.

One of the most notable advantages of silk bed sheets is their ability to regulate temperature. Silk possesses natural thermal properties that help to keep you cool in hot weather and warm in cold weather. This temperature-regulating feature ensures that you remain comfortable throughout the night, minimizing disruptions to your sleep caused by overheating or chilliness.

Furthermore, silk is renowned for its hypoallergenic properties, making it an ideal choice for individuals with sensitive skin or allergies. The tightly-woven fibers of silk create a barrier that repels dust mites, mold, and other common allergens, reducing the risk of allergic reactions and skin irritations.In addition to its hypoallergenic qualities, silk is also gentle on the skin and hair. Unlike cotton or other rougher fabrics, silk glides smoothly across the skin, reducing friction and preventing the formation of sleep lines and creases. This minimizes the risk of premature aging and helps to maintain the youthful appearance of your skin.

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Moreover, silk’s smooth surface is beneficial for hair health as well. By reducing friction and static electricity, silk bed sheets help to prevent hair breakage, tangles, and frizz. This is particularly advantageous for individuals with long hair or delicate hair textures, as it allows them to wake up with smooth, manageable hair that requires minimal styling.

In summary, silk bed sheets offer a combination of comfort, luxury, and practical benefits that contribute to a more restful and rejuvenating sleep experience. From temperature regulation to hypoallergenic properties to skin and hair health benefits, silk bed sheets are a wise investment for anyone seeking to enhance their quality of sleep and wake up feeling refreshed and revitalized.

Kratom: Nature’s Gift for Relaxation and Well-Being

In recent years, kratom has garnered attention for its potential therapeutic properties and its role in promoting relaxation and well-being. Derived from the leaves of the Mitragyna speciosa tree native to Southeast Asia, kratom has been used for centuries by indigenous communities for its medicinal properties.

One of the primary reasons why kratom has gained popularity is its ability to promote relaxation and alleviate stress and anxiety. Kratom contains alkaloids such as mitragynine and 7-hydroxymitragynine, which interact with opioid receptors in the brain to produce a calming effect. This can help individuals unwind after a long day, ease tension, and achieve a state of mental and physical relaxation conducive to restful sleep.

Furthermore, kratom is prized for its potential analgesic properties, which can provide relief from discomfort and promote greater comfort during sleep. Whether you suffer from chronic pain conditions such as arthritis or fibromyalgia or experience occasional aches and pains, kratom may offer a natural alternative to traditional pain medications.

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Moreover, kratom is renowned for its energizing effects at lower doses, making it a popular choice for individuals seeking a natural boost in energy and alertness during the day. By enhancing focus, concentration, and productivity, kratom can help you tackle your daily tasks with renewed vigor and vitality, setting the stage for a more satisfying and fulfilling day.

In addition to its relaxation and energy-boosting properties, kratom has been touted for its potential mood-enhancing effects. Many users report feeling a sense of euphoria, contentment, and well-being after consuming kratom, which can contribute to a more positive outlook on life and greater emotional resilience in the face of challenges.

However, it’s essential to approach kratom use responsibly and with caution, as it can be habit-forming and may pose risks if used improperly or excessively. It’s advisable to start with a low dose and gradually increase as needed, while also being mindful of potential interactions with other medications or substances.

In summary, kratom offers a range of potential benefits for promoting relaxation, relieving pain, boosting energy, and enhancing mood. You can find various kind of kratom products on Hypnokratom as well. Whether taken in the evening to unwind and prepare for sleep or in the morning to start the day on a positive note, kratom can be a valuable tool for improving overall well-being and quality of life.

The Synergy of Silk Bed Sheets and Kratom: Creating an Oasis of Tranquility

When combined, silk bed sheets and kratom form a potent duo that can elevate your sleep experience to new heights of comfort, relaxation, and rejuvenation. The luxurious feel of silk against your skin, coupled with its temperature-regulating and hypoallergenic properties, sets the stage for a restful and restorative night’s sleep. Meanwhile, the calming and mood-enhancing effects of kratom help to quiet the mind, ease tension, and promote a sense of serenity conducive to falling asleep easily and waking up feeling refreshed.

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By incorporating silk bed sheets and kratom into your nightly routine, you can create an oasis of tranquility where stress melts away, and sleep becomes a sanctuary for renewal and revitalization. Whether you struggle with insomnia, anxiety, or chronic pain, this powerful combination offers a holistic approach to promoting better sleep and overall well-being.

Moreover, the benefits of silk bed sheets and kratom extend beyond the realm of sleep, influencing how you feel and function throughout the day. With silk’s gentle care for your skin and hair and kratom’s ability to enhance energy, mood, and productivity, you can greet each morning with a sense of vitality and enthusiasm, ready to seize the day with confidence and optimism.

In conclusion, silk bed sheets and kratom hold the keys to unlocking the secrets to serene nights and restful mornings. By embracing the synergy between these two elements, you can transform your sleep experience and enhance your overall quality of life. Whether you’re seeking relief from stress, pain, or insomnia or simply striving to optimize your well-being, silk bed sheets and kratom offer a natural and effective solution for achieving the peaceful and rejuvenating sleep you deserve.



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Amos K Unleashes His ‘Archives’ On New Project

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Versatile Ghanaian Rapper and Producer, Amos K has officially released a new Hip-Hop project titled “Archives.” Listen Here

The latest project from the rapper comprises five unheard songs locked deep inside his vault. Amos K gets back into his rappity-rap era to unleash this all Hip-Hop project after experimenting with different sounds in his previous releases.

On the introductory track, he indeed shows why he’s an “OG” rapper with impeccable skill and mastery of the Hip-Hop sound. The self-produced record sees the versatile rapper show-off his rap prowess in two heavy-bar-filled verses sandwiched by a super catchy hook that holds his day one “OG” fans in high regard.

Not only is QuaD’s vocals heavy on “Heavyweight,” in fact the entire track is a very heavy record. Amos K switches the tone after his signature laughter, drops a heavy 16 and walks away majestically out of the song. The stage is set for Cyril Shey on the Endwd Dj produced song, and his striking verse emulates the heavy tone.

The middle song “No Peace” features Xela 6ix and produced by Dab Beatz.

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“Violence, violence, everyday” as the song’s refrain basically apprises the listener of the lethal bars about to be dropped and sends warning shots to any other emcee who dares to contest.

All three songs were mixed by Amos K and mastered by Nedjoh.

Perhaps the most melodious of the project, the last two songs; “This Side” featuring k.Blac and YRDM$N, and “Memory” has shades of Amos K’s recent genre-bending releases.

The former was produced and mixed by Bxndit with Nedjoh doing the mastering. While the latter was co-produced by Amos K and k.Blac, with mixing and mastering done by JBYSS.

The project, according to Amos K, “is a compilation of songs I’ve recorded over the years, and even though mentally I’m over that phase in life I feel the message is still relevant and resonates with my audience.”

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He also disclosed to Amplify Ghana that “there’s likely to be a second installment of the “Archives” project.”

Amos K says he’s rapping more this year and this is just the teaser.

Follow Amos K on Instagram

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Angela Kyerematen-Jimoh becomes first Ghanaian juror for the Cannes Lions International Festival of creativity

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The renowned Ghanaian Business Executive, Angela Kyerematen-Jimoh continues to make waves internationally as she becomes the first Ghanaian juror for the Cannes Lions International Festival of creativity.

Angela has been invited to join the Awarding Jury on the Creative Business Transformation category. Work across the globe will be judged, awarded, and celebrated during this prestigious international festival.

The Awarding Jury represents the global industry’s leading talent from diverse range of disciplines, from across 54 markets, and strictly by invitation.

Announcing this year’s festival, Marian Brannelly, the Global Director of Awards for LIONS, stated: “It’s exciting to see representation from four new markets this year – Armenia, Ghana, Pakistan and Panama – as well as the highest-ever representation from the Middle East and Africa. Our Jurors play a crucial role in upholding the integrity of the Lions, and we thank them for everything they bring to the important task ahead.”

Simon Cook, CEO of LIONS, added: “We’re delighted to have a balance and breadth of expertise and global representation across our Juries. The Awarding Juries represent the global industry’s leading talent from a diverse range of disciplines, and we welcome the unique perspectives they bring. We thank them for their time, dedication and care in setting the global creative benchmark for our industry.”

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Angela Kyerematen-Jimoh stated: “I can’t wait to bring my voice to the jury room to assess the groundbreaking creativity that will set the creative benchmark for another year. I am particularly thrilled that Ghana has a seat at the table for this world class festival and looking forward to making my country proud.”

Ms. Kyerematen-Jimoh is currently the National Digital Transformation Lead for Africa, at Microsoft where she works with governments and corporate institutions on their digital transformation initiatives. Prior to joining Microsoft, she spent a decade at IBM and ended her career with IBM as the CEO of IBM North East and West Africa (NEWA) overseeing IBM’s business in 35 countries including Nigeria, Ghana, Morocco, Kenya and Senegal. She is a board member of Global Legal Entity Identifier Foundation (GLEIF), headquartered in Zurich, and Bank of Ghana. Angela is an alumna of Harvard Business School.

Author: Prince Akpah

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Tenant’s Rights: Can A Landlord Increase Your Rent In Dubai

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Rent In Dubai

Dubai’s rental market is evolving and most people worldwide are interested in staying in Dubai on rent because renting a house is the most favorable, appropriate, and inexpensive opportunity in the current scenario. If you are going to live in Dubai, it is important to know the legal rights declared by the Real Estate Regulatory Agency. 

There are proper laws, rules, and rights for both landlords and tenants and it is obliged for both parties to follow the law otherwise they have to face legal action.  

Rental amount calculation is also a matter to discuss in the rental contract. The rental amount depends on many factors including the location and size of the property, type and quality of housing, and availability of the property. To know about the exact amount and calculations, the calculator by the Dubai Land Department will be a convenient companion for you to resolve your ambiguities related to rental amount calculation.

In this post, we will discuss tenant’s rights in rental contracts between landlords and tenants. 

Tenants’ Rights In Dubai

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Over the past few years, the population in Dubai has been increasing. People from all over the world settle in Dubai and look for houses, apartments, flats, villas, or any other type of property that suits them according to their preferences on rent. Undoubtedly, Dubai as a real estate hub provides multiple opportunities to find their desired home on rent. 

With the increasing number of tenants in Dubai, disputes related to tenants’ and landlords’ relationships also increase. To settle these disputes and regulate the laws, rules, and regulations regarding tenants’ rights, the Real Estate Regulatory Agency with the Dubai Land Department regulates the rental laws in Dubai and this department is the best source of information about property, rental contracts, rental amount, rental laws, tenants’ and landlords’ relationship and their rights, or any other query related to the tenant’s law. 

In rental contracts, the query, “Can a landlord increase your rent” is common enough. In this section, we will discuss the laws in Dubai regarding this general query. What are the terms and conditions to increase the rental amount? How much rent can increase in a specific time duration? are also included in this discussion. 

Can A Landlord Increase Your Rent In Dubai? 

According to the Real Estate Regulatory Agency – RERA, a landlord can increase your rent but there are rules and regulations to follow. As per law, a landlord has to provide 90 days’ notification before any changes in the rental contract, breaking the contract, or increasing the amount. A landlord can increase your rent but he has to inform or notify you 90 days before the completion of the tenure period or renewal of the contract. Tenants must securitize the contract in writing as proof. 

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If the landlord does not inform you before 90 days, then as a tenant you have legal rights to refuse an increment in rental amount and new tenure will start on the same previous amount. You can even register a case with the Rent Disputes Settlement Case at the Dubai Land Department if the landlord does not follow the rules and forces you to increase the rental amount without any written notification. 

If the landlord properly follows the rules and notifies the tenants before 90 days then the tenant is legally obliged to sign the renewal agreement, before signing the renewal contract make sure all the conditions in the agreement are legally acceptable.

How Much Rent Landlords Can Increase In Dubai? 

To reduce the arguments between landlords and tenants about rental amount increment and to solve the query of how much rent landlords can increase, the Dubai Land Department released Decree 43 in December 2013. 

According to the Land Department Decree 43, a landlord is obliged to follow these rules:

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  • 0% rent permitted, if the rental is below 10% of the average rental rate in the market.
  • 5% rent permitted, if the rental is below 11% to 20% of the average rental rate in the market.
  • 10% rent permitted, if the rent is below 21% to 30% of the average rental rate in the market.

 

  • 15% rent permitted, if the rent is below 30% to 40% of the average rental rate in the market.
  • 20% rent permitted, if the rent is below 41% of the average rental rate in the market 

RERA Rent Calculator 

To predict the possibility of increasing rent, it is important to be aware of the real estate market conditions in Dubai. Dubai Land Department introduced the rental increase calculator, this calculator is an amazing source for calculating the increasing rental amount. Based on the same properties in the same area, the landlord can increase your rent and it is legally justified, so as a tenant, it is wise to be well aware of the properties and their market values and use the RERA rent calculator for the confirmation of increasing amount. 

Variables That Affect The Amount Of Rent Increase In Dubai

The following are the variables that affect the amount of rent increase in Dubai:

  • Property type, whether residential, commercial, industrial, or staff accommodation. 
  • Property location, in which area or community the desired property is located, moreover it is freehold property or lease property. 
  • Type of property, villa, apartment, penthouse, flat, or townhouse
  • Size of the property, number of bedrooms 
  • Tenancy contract expiry date 
  • Current annual rental amount 
  • Real estate market condition in the region 

Source = https://erehomes.ae/

Frequently Asked Questions

As A Tenant What Should I Do If The Landlord Asks To Evacuate The Property Before The Tenancy Contract’s Expiration? 

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According to Dubai Tenancy Law, the landlord can ask to evacuate the property before the tenancy contract’s expiration in the following cases: 

  • Rent has not been paid for more than 30 days after the tenant was notified.
  • The tenant gives the property to a third party without written consent or permission from the landlord.
  • The renter uses the property for different illegal activities.
  • When a tenant makes unnecessary changes to the property, restoring it to its original state is difficult.
  • If urgent maintenance is required on the property.

In all the above cases, the landlord should notify the tenant, 90 days before the contract ends. If the landlord does not inform the tenant before 90 days, the tenant can register a case with Rent Disputes Settlement Case at the Dubai Land Department.

Is The Landlord Allowed To Enter The Property In The Tenant’s Absence?

According to tenants’ rights in Dubai, the landlord is not allowed to enter the property in the tenant’s absence or without his permission. 

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The Future of the Springbok Captaincy

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The Future of the Springbok Captaincy

The captaincy of the Springboks is currently at a crossroads, with significant attention focused on Siya Kolisi’s tenure as the leader. Kolisi’s recent move to Racing 92 in France has ignited discussions on whether the Springboks should continue with an overseas-based captain. Coach Rassie Erasmus has shown a preference for a captain based within South Africa, which brings Kolisi’s role into question, despite his impressive form and commitment to the national team​​​​.

The Criteria

The future captain will inherit not just a role within the games, but also the responsibility of being a global ambassador for South African rugby. This selection will reflect SA Rugby’s strategic vision and its emphasis on maintaining a cohesive and competitive national squad in preparation for a busy schedule, including the 2027 Rugby World Cup​​​​.

The criteria for the next captain will extend beyond their on-field skills to include their ability to inspire and unify the team, especially during challenging times. The new leader must balance exceptional performance with the responsibility of being a role model.

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Candidates

Looking beyond Kolisi, the debate around his successor is intensifying. The top candidates for the role include Eben Etzebeth, Lukhanyo Am, and Bongi Mbonambi. 

Eben Etzebeth is known for his formidable presence and vast experience, including previous stints as a leader with the Boks. Renown for his formidable work rate, Etzebeth leads from the front​​ and is well-respected by all.

Lukhanyo Am offers a strategic and calm approach, crucial for high-pressure games. His experience as captain of the Sharks highlights his ability to lead effectively. However, he is criticised for not being outspoken and his starting position is contested​​.

Rumoured as frontrunner, Bongi Mbonambi is massively respected within the squad. As hooker, he is central to the forward pack, where his motivational presence and tactical acumen come to the forefront, especially in set pieces and defence.

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Each candidate presents a unique leadership style, which will be crucial as Rassie Erasmus aligns the team’s strategic direction towards future challenges, including the 2027 Rugby World Cup. This decision will influence not only the on-field tactics but also the overall team cohesion and resilience.

The Road Ahead

As the Springboks prepare for their upcoming fixtures and the ongoing evolution of their game plan, the choice of captain will undoubtedly be a cornerstone in their strategy. The anticipation around this decision reflects the profound impact a captain has, not just in leading the team in matches, but in steering the team’s cultural and strategic direction forward.

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