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Prepaway – What Should You Know about GMAT Test?

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Prepaway

Exam Overview

The GMAT (Graduate Management Admission Test) is a computer-based exam used to assess skills relevant to the study of management. The graduate-level management program schools use this test to evaluate the applicants and make admission decisions. The GMAT is an international test, which has objective assessment criteria. Therefore, it tends to measure academic success better than the average grade point, which would otherwise vary depending on a school’s policy and business curriculum. Around 1600 schools require and accept the GMAT scores from their applicants. PrepAway Certification Exams

Exam details

TestThe GMAT test contains four sections. The first part of the exam is an Analytical Writing Assessment, which requires the candidates to complete an essay that critiques the brief argument presented. You will be given 30 minutes to complete it and this is the only part of the test that does not contain multiple choices. The second section is Integrated Reasoning, which contains 12 questions. You will also be given 30 minutes to answer the questions in this part. There are four types of Integrated Reasoning questions, which include Table Analysis, Graphics Interpretation, Multi-Source Reasoning, and Two-Part Analysis. It contains multiple choices, but it is not computer-adaptive. The third part is VerbalReasoning, which has 36 questions from topics, such as Sentence Correction, Critical Reasoning, and Reading Comprehension. You will be given 65 minutes to complete it. Finally, the fourth area is QuantitativeReasoning, which comes with 31 questions. The students will have 62 minutes to complete this part.

Both the Verbal and Quantitative sections are computer-based, which means that they use a computer-adaptive format thereby adjusting the difficulty of the questions to match the skill level of each person. What happens is that the computer displays a question of average difficulty at the beginning. After that, it scores the candidate’s responses and uses the information to determine the type of questions to display next. If one answers a question correctly, it is highly likely that the next one will be more difficult. On the other hand, the computer is likely to display an easier question if a student fails to answer. The computer-adaptive exams score every question individually so you cannot change your answer or go back to previous questions. Some questions are experimental and others are actual questions and you will not be able to note the difference. The candidate’s GMAT score is derived from the number of completed questions, their level of difficulty and the correctness of the answers given.

Study Resources

There are so many study resources for the GMAT exam and it is important for you to determine the best ones. Ensure that the materials you get are not only high-quality but also good for your learning style. They must contain thorough content review, effective test-taking strategies, realistic practice questions, clear explanations for answers and computer-adaptive practice tests. Here are some recommended GMAT study resources.

  • Free GMAT Prep Software
  • Premium GMAT Study Collection
  • Official Guide for GMAT Review
  • Official Guide for GMAT Verbal Review
  • Official Guide for GMAT Quantitative Review
  • ExamSnap GMAT Study Guides

Preparation Hints

Many schools use the GMAT test to make admission decisions and it is important that you do your best. To ensure that you succeed in the exam, you need a proper preparation strategy so that you can get accepted to the school of your choice rather than being waitlisted or rejected. There are some methods and recommendations you can follow.

  • Develop a good study plan

It is important to develop an eight-week study plan in order to have ample time to prepare for the exam. Make a study schedule that is reasonable so that you can follow it with ease. It is necessary that you allocate a certain amount of time for each section so that you cover all the topics contained in the exam.

  • Use the relevant study materials

Try to use appropriate study materials for your exam preparation. It is advisable that you prepare with the official GMAT study materials and other reliable resources. It is not necessary for you to buy every single prep book on the market for you to pass the test. Choose study materials that match your style of study.

  • Familiarise yourself with the exam structure and format

The structure of the GMAT test is not likely to change on the day of the exam. Therefore, understanding its contents will help you prepare better. Ensure that you pay close attention to the data sufficiency questions because they are unique compared to the questions in the standardised tests you are used to.

  • Take many practice tests

The best way to prepare for the exam is to do many practice tests. This will enable you to familiarise yourself with the different ways through which a particular topic is tested. In addition, you will be able to identify your weak areas and make improvements before the exam.

While practice tests give you the exam feeling, taking them in one sitting will determine whether you are ready for the exam or not. You can use the free GMAT Prep Software on your computer and take an entire practice test. This will make you comfortable because the environment will be similar to that of an actual exam. You will also determine whether you can complete the GMAT test during the stipulated time.

Conclusion

To conclude, the best way to get ready for the GMAT exam is to take advantage of the study materials published by the test makers. This is the proper guide to help you know what to expect in the exam and how to prepare for it better. Stay confident and relaxed the day of the exam and give it your best.

Disclaimer: This is a paid sponsored post. Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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4 Tips for Managing Your Emotions When Trading Crypto

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Managing Your Emotions When Trading

Dealing with emotions is a natural part of being human. How you feel can significantly impact the world around you, and that is an indisputable fact in life. However, the world of cryptocurrency trading can be an unforgiving place for the overly emotional. If you let your feelings cloud your decision-making, you risk selling too early, running losses, and missing out on significantly profitable opportunities had you stopped for a moment and thought the matter through with a clearer headspace.

For example, after hearing some concerning rumors, you rashly decided to empty out your XMR wallet and other crypto exchanges for fear of losing money. After some time, however, the prices bounce back higher than before, which is a cause for dismay because you lost all of your investment due to a rash decision on your part.

Hence, it is crucial to keep your emotions in check when trading. This is especially the case when you are trading in an extremely volatile industry such as cryptocurrency. The crypto market is notorious for its constantly fluctuating values and massive price swings. It can strike fear, panic, and greed in the least suspecting and cost you more than what you bargained for.

Whether you are new or experienced in dealing with crypto, managing one’s emotions is a must-have tool in your trader’s toolbox. To help you master this skill, here are some tips to keep in mind as you traverse the wild, harsh landscape of crypto trading.

Develop a Risk Management Plan

Risk management is an integral part of any kind of investment venture. You want to ensure that you have backups in place in case a situation arises that may threaten your initial investment. However, many new traders overlook the importance of considering their emotional responses and their risk tolerance when formulating their risk management plans. As a result, their plans crumble in the face of high-pressure situations.

As such, always consider your risk tolerance when developing a plan to mitigate trading risks. In fact, many trading consultants use it as a basis for forming your trading plan. By doing so, you can ensure that you are only taking on what you can handle emotionally as you work your way to reaching your financial goals. Over time, as you become more experienced and more in control of your emotional responses, you can decide to take on more risks.

Conduct In-Depth Research

One of the most effective ways to handle frantic feelings is to counter them with cold, harsh facts. Aside from your risk management plan, it is wise to conduct some research on your own that can substantiate or debunk any concerning news or rumors that might cause you to buy or sell on an impulse. For example, after hearing from another trader that one of the digital coins you invested in has died due to a lack of community support, you might be tempted to liquidate the entirety of your investment. However, after some digging, you determined that the community is still active and invested in improving said cryptocurrency.

It is also important to do your homework when picking which coins to support. Make sure to check the cryptocurrency’s whitepaper and the developers’ activities for a clearer idea of the coin’s potential. In this manner, you can feel assured that your investments have a high potential of bearing fruit in the future.

Do Not Obsess Over Market Charts

Many traders new to the crypto industry fall into the trap of obsessing over market charts. The constant flickering of colors and lights can be hypnotising to the unaware. They watch price fluctuations all day to ensure that they can take note of sudden price hikes and dips, which may lead down a path to profitable opportunities.

However, this method is not helpful to your mental and emotional health. Indeed, it can feel like an emotional rollercoaster watching prices go up and down continuously. Processing significant amounts of information for too long can wear you down over time and may instead cause you to decide poorly when an opportunity arrives. Thus, a word of advice: do not let the market chart take over you.

Take Advantage of Limit Orders

Signing into your crypto exchange after some time and learning that the value of your investment has plummeted is a reasonable fear for many traders. After all, it is not healthy to watch market charts like a hawk, and in the crypto space, so many things can happen after a short span of time. Fortunately, many crypto exchanges have stop-loss features. This is a feature that automatically sells your coins once their prices decline to a certain value. In this manner, you can feel assured that your investment remains intact, assuaging any fear or worry you may have while not on the crypto exchange.

Removing emotions from any decision-making process that you make is almost impossible. In a highly complex and volatile market like cryptocurrency, conquering your initial emotional responses and maintaining a clear head is a skill that you have to master through experience. By doing so, you can keep your eyes on the prize and trade in a manner that is most helpful to your needs.

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How to Bet with Bitcoin on Football

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With the new football season having started, it’s time to learn how you can bet with bitcoin on your favorite football club. The good news is that many online betting companies now accept bitcoin.

Read on to learn why betting companies love bitcoin and how to bet with BTC on your football team.

Why Betting Companies Support Bitcoin

Since its establishment in 2009, Bitcoin (BTC) has been and continues to be the most popular cryptocurrency, and with good reason. Some of Bitcoin’s most impactful features include:

1. Fast and inexpensive

With bitcoin, it takes a few minutes to send and receive any amount of money. And if you are using the Bitcoin Lightning Network to make payments, transaction costs are a few cents.

2. No third-party interference

Because of its decentralized nature, which makes it impossible for anyone (including governments) to control, you can feel safe to make any payments you want (including to online betting platforms). This also comes with the added advantage of not having to disclose your personal information when making a payment.

3. Supports borderless payments

With Bitcoin’s decentralized nature comes its borderless characteristics. This makes it possible for anyone in the world to be able to send and receive bitcoin payments wherever they are.

Betting companies were among the first adopters of bitcoin because it enables them to reach a broader audience and provide an innovative digital payment option to bettors. From playing a bitcoin slot to betting on any sport imaginable, bitcoin casinos and online betting companies have truly embraced bitcoin.

The credibility of bitcoin as a financial and payment solution is also being felt in the world of football. For example, in April 2021, Southhampton F.C began paying its players bonuses in bitcoin, opening up a whole world of possibility for other clubs to start doing the same.

How to Bet With Bitcoin on Football

Bet with Bitcoin on Football

Betting with bitcoin has proved to be an efficient process for bettors, and betting companies who have embraced cryptocurrency as an efficient payment system.

One of the leading sports betting companies that enables you to bet with bitcoin is Sportsbet.io. So let’s dive in and show you how you can bet with bitcoin on this popular platform.

Betting with Bitcoin on Sportsbet.io

Sportsbet.io is a user-friendly and highly modern betting platform. It has a functional live betting service and is one of the few betting companies that will allow you to bet in bitcoin through a few easy steps.

  1. Register for Sportsbet.io by clicking on the ‘Create an Account’ tab on the top right of the homepage.
  2. Access your wallet by logging into Sportsbet.io. On the top right of the page, next to your balance, click your balance or the ‘Deposit’ button.
  3. Next, you click on ‘Use Currency’ and on ‘Deposit.’
  4. A QR code will appear.
  5. Open your bitcoin wallet, scan the QR code, and choose how much BTC you want to send to your betting account.
  6. You will have to wait for three confirmations on the Bitcoin blockchain for your funds to settle in your SportsBet.io account.
  7. Start betting on your team(s).

Now that we have started you off on your journey, happy betting, and may the odds be ever in your favour!

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How to Cash Out Bitcoin to Naira Using Cryptofully

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Bitcoin to Naira

Over the past few months, Nigeria’s central bank has made it difficult for traders to cash out bitcoin to naira, restricting crypto companies from having a Nigerian bank account. But there is now a cheap and efficient way to cash out your bitcoin to naira.

In this guide, you will learn how to convert your BTC to NGN and receive the money in your bank account within minutes using Cryptofully.

Getting Started on Cryptofully 

Cryptofully is a peer-to-peer payments app that allows you to easily convert bitcoin to naira and automatically settles into your Naira bank account.

Using Cryptofully, you can cash out your bitcoin from anywhere in the world into any Nigerian bank account. The platform also supports US dollars and payment options, including Visa, Mastercard, Google Pay, and Apple Pay.

Cryptofully leverages a local network of peer-to-peer (P2P) traders, enabling it to convert BTC to NGN within minutes. With this P2P system, you are not looking for a peer to buy your bitcoin. Cryptofully automatically matches your trade to the best peer and makes it seamless for the user.  

All that’s needed to cash out bitcoin to naira using Cryptofully is to sign up, complete the KYC, add a bank account and convert your bitcoin to cash.

How to Cash Out Bitcoin to Nigerian Naira

You can cash out your bitcoin to your Nigerian bank account using either the Cryptofully website or mobile app. 

Download the Cryptofully App

mobile app

Step 1: Create an account

  1. Get the app on iOS or Android.
  2. Open the app and register with your email address and verify the email address.
  3. Start the KYC process. Visit Profile, click to Add bank, and add your BVN. You can also add your bank account in this section.

Step 2: Cash Out Your Bitcoin to Naira

  1. Type in the amount you want to cash out.
  2. Then choose to send via bitcoin.
  3. On the following page, you can add your bank account details in the recipient field.
  4. On the last page, you can see a Bitcoin wallet address. Send your bitcoin to that wallet address and within a few minutes, the equivalent amount in naira will settle in your bank account. 
  5. Cryptofully matches you to a peer instantly who sends the money to your naira bank account.

Visit the Cryptofully Website

Cryptofully Platform

You don’t need to sign up or log in with any details on the website to start using it

  1. Go to the Cryptofully website at www.cryptofully.com.
  2. Specify the amount of bitcoin you want to cash out to naira. You can use either the Floating Rate or Fixed Rate. The Floating Rate means the exchange rate can change based on changes in bitcoin prices, and the Fixed Rate means you can lock in an exchange rate for your transaction.
  3. The naira amount equivalent you will get in your bank account will appear below.
  4. On the following page, you will see a space to fill in the preferred bank account you want to receive your money.
  5. Then, you will be shown a Bitcoin wallet address. 
  6. Copy the wallet address and do a transfer to the address. The Cryptofully system matches you immediately to a peer.
  7. The peer sends the money and the money settles in your naira bank account.

Since the Central Bank of Nigeria enacted draconian measures against crypto companies, preventing them from having banking relationships, the peer-to-peer bitcoin trade has flourished in the West African country.

Peer-to-peer payment apps, like Cryptofully, are enabling Nigerians to continue using bitcoin for remittances, payments, and as an investment.

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