₦airaland Forum

folaschool:
hello, can i use investing.com technical summary to trade forex

Yes ! Based on if you know the interpretation and application

Dealdey made 2 payments unto me today out of the 5 payments being owed.

I got this in my email today and I deem it necessary to post it here,read below:
Culled

"During the press conference to announce
NOKIA being acquired by Microsoft, Nokia CEO ended
his speech saying this “we didn’t do anything wrong, but somehow, we lost”.

Upon saying that, all his management team, himself included, cried sadly.

Nokia has been a respectable company. They didn’t do anything wrong in
their business, however, the world changed too fast. Their
opponents were too powerful.

They missed out on learning, they missed out on changing, and
thus they lost the opportunity at hand to make it big. Not only
did they miss the opportunity to earn big money, they lost
their chance of survival.

It’s not wrong if you don’t want to
learn new things. However, it can affect you. If
your thoughts and mindset cannot catch up
with time, you will be eliminated. It's only a matter of time.

The advantage you have yesterday, will be replaced by
the trends of tomorrow. You don’t have to do anything wrong, as
long as your competitors / colleagues catch the wave and
do it RIGHT, you can possibly lose out and fail.

But you can shield yourself from failing and
turn things around for your good.

How?

It's a new month. Learn something new, do
something new, don't become a victim of
stagnation - do and learn something new. "

It is so unfortunate that many that thought
they are strong and well-rooted in business
are seen everyday being swept away by flood

Why not join us at 'Plan B' before its too late?

Truly you have done nothing wrong but can you give
a sincere answer to this question?

Is your job/business really working for you?

If not,why not join us and let us do it the MICROSOFT way
together. Dont Let your story be like that of NOKIA.

Its all about Peaceful Wealth.

dbty:
I would like to be part of this importation member.
how can I be part of you.
thanks

Check my signature and add me up on whatsapp

Please no one should drop his/her phone number on the thread again. Go to my signature and add me up on whatsapp.

The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same information appears on an OHLC bar chart. The advantages of candlestick charting are:
 Candlesticks are easy to interpret, and are a good place for beginners to start figuring out forex chart analysis.
 Candlesticks are easy to use! Your eyes adapt almost immediately to the information in the bar notation. Plus, research shows that visuals help with studying, so it might help with trading as well!
 Candlesticks are good at identifying market turning points – reversals from an uptrend to a downtrend or a downtrend to an uptrend.


Before I call it off for today,I will want you to open a Forex Demo account because we are about entering into the practical section. i will create a platform where we can be doing up to the minute update and practical information that may require posting links and you know we can do that here. I will want suggestion if it should be whatsapp group or Skype. We need this so as to be able to view files and links.

Any question ?

Candlesticks Charts

Candlestick charts show the same price information as a bar chart, but in a prettier, graphic format. Candlestick bars still indicate the high-to-low range with a vertical line. However, in candlestick charting, the larger block (or body) in the middle indicates the range between the opening and closing prices. Traditionally, if the block in the middle is filled or colored in, then the currency pair closed lower than it opened. In the following example, the ‘filled color’ is black. For our ‘filled’ blocks, the top of the block is the opening price, and the bottom of the block is the closing price. If the closing price is higher than the opening price, then the block in the middle will be “white” or hollow or unfilled.

Bar Charts

A bar chart is a little more complex. It shows the opening and closing prices, as well as the highs and lows. The bottom of the vertical bar indicates the lowest traded price for that time period, while the top of the bar indicates the highest price paid.The vertical bar itself indicates the currency pair’s trading range as a whole.

The horizontal hash on the left side of the bar is the opening price, and the right-side horizontal hash is the closing price.
Bar charts are also called “OHLC” charts, because they indicate the Open, the High, the Low, and the Close for that particular currency. Here’s an example of a price bar:

Lets take the Fundamental analysis one after the other.

Types of Forex Charts and How to Read Them
Let’s take a look at the three most popular types of forex charts:
1. Line chart
2. Bar chart
3. Candlestick chart

Line Charts
A simple line chart draws a line from one closing price to the next closing price. When strung together with a line, we can see the general price movement of a currency pair over a period of time.

morgan2p:
my oga out of all the Forex Market Analysis which do you advise a newbies to use

All ! I said all because there is synergistic advantage in using all.

ferdyferd:
So how do u make money from forex not trading :\

Making money out of Forex without being a trader will be taught towards the end of the training,so keep your cool and follow keenly. I told you all that Forex is not a get-rich-quick-scheme. If I show you how to make the money first,you wont be interested in the training again. I have got to know that people love to make quick money. Meanwhile if you dont know some basic things in Forex ,you may end up loosing despite that you are not a trader. You may not know when to stay or exit in the money making scheme.

Nafizzey:
Hi Sir, is online importation from China still profitable considering now that the value of Naira against dollar has slumped? Thank you

.

Most profitable time.

aleshsenior2000:
Oga Abbeyforex oo, this case is for you o. Please come and judge this case. I think we need an escrow payment on nairaland.

What is the issue bro?

How long does it take to make #400,000 in this Importation Business?

I was doing some things online and I came across a forum where this topic was being discussed.

Do girls like to have big boobs?

Read their responses below:

Response 1:

I am 21 year old girl with a bust size of 36-D, so I find myself eligible to answer this question.

Earlier when I had lately acquired this shape i.e in my late adolescent years, I was completely unaware of the World, and so I hated my boobs. I found it extremely irritating to sleep on my front. Besides this, I didn't like the big bulge protruding from my clothes over my chest. I used to feel shy and at times even thought that I need to reduce my boob fat to look slim and attractive.

Later, when I grew up, I understood how obsessed a lot of people are with big boobs and that having boobs means having a good figure and not having excessive fat at odd places, I started loving my boobs.
I understood that men used to stare at me out of lust and women out of jealousy and not because I was getting fat.

So to sum it up, personally I never liked having big boobs but the way the world is obsessed with boobs made me take pride in my figure.

Response 2:

As a 17 year-old girl with bust size 32-DD, I love my breasts.

When I was younger (12-15/16) I had an eating disorder and because I was so underweight I had no breasts whatsoever, which was very frustrating to me. I've always wanted to have at least a somewhat defined chest, and when I recovered, I found that gaining body mass also meant gaining breasts. I've come to accept my body, and can even say that I am reasonably happy with my hour glass shape.

Response 3:

Big or small I can assure you, men like everything. If a girl knows how to carry herself she is the queen of the world. So it really does not matter, celebrate yourself..You are beaustiful


Response 4:
I have big boobs (36F) so i always get a lot of male attention. What ever dress i wear my boobs stand out. I always see men of all ages looking at me with lust. I have been groped. And i its difficult to know if a guy really loves u or is just trying to get in bed with u and will leave u after that.

I recently realized i cant get one of those stylish lot of laces bra at Marks & Spencer coz after size 34D they have only minimizer bra.

And they rated this response as the best answer;

Best Answer: Many women want big breasts because the media has deemed them sexy. there are also some logical reasons why big breasts (and big hips, big thighs, etc) have always been considered sexy: because they indicate to a man that a women is fertile. very skinny women without curves do not appear fertile. thus, the popularity of "naturally" curvy women like Beyonce and J-Lo. Men like curves. Perhaps women know this and think implants will do the trick, but if you're a pile of bones with mounds of plastic on your chest, you'll only fool a few men.

In view of this,I put on my thinking cap and my greatest tool (laptop) and did little search.

I discovered that gone are the days of Instant Breast Lift,you can not fool men for eternity. Men now prefer it real. See what I got:

BREAST ENLARGEMENT CREAM
Konga: Sold for #8,000
Kaymu: Sold for #5,000

Source: 6.5 RMB

Calculation: Based on 100 pieces and exchange rate to be 1RMB=#50

Cost of Purchase per piece = 6.5 x 50= #325
Shipping/kg= $4.5 x #320 (black market rate)= #1,440
Clearing/kg= #380

**The item is just 0.1kg(100 gramms),that means
0.1kg x (#1,440 + 380)= #182

Now we have ;

Cost per 1 = #325
Shipping per 1= #182
Total Cost = #507

If you buy 100 pieces to start with,it will be
507 x 100= #50,700 (Cost Price)

Sales: You decide to sell for #4,800 so as to boost and increase sales volume

Profit per piece= #4,800-#507= #4,293 (over 800% ROI)

Total Profit= #4,293 x 100pieces= # 429,300

What reason do you have to complain of unemployment in Nigeria,when there are so many things you can do to make money and forget where you kept your School Certificate?

This and many more of such opportunity you tend to derive when you become a PLAN B member. Why not join us now?

Its all about PEACEFUL WEALTH.

AleAirHub:
Let me risk $1000 with their One chance rate and if it scale though thank God... Because after the transaction NA 2 BLOCK D ACCOUNT DEY MY MIND.....
Lol

Oga Moses !

morgan2p:
my oga out of all the Forex Market Analysis which do you advise a newbies to use

all

ferdyferd:
So how do u make money from forex not trading :\

wait till we get there

ojuolu:
I have never had to pay attention to a thread like this.
Op, i am a financial industry employee but i know next to nothing about everything you wrote on this thread. I am a willing student and ready to learn.
I can relate with a lot of things you said because of my background and profession so i am waiting for the continuation.
God bless you.

I understood what you wrote because am also a Finance person and I know most of us out there knows next to nothing about this. I have met so many of such in the past. Just keep your calmness and follow keenly.

barikay:
How how to trade the technical method Sir

we will soon get to Application of the Analysis one by one ,Just relax.

Types of Forex Market Analysis

To begin, let’s look at three ways on how you would analyze and develop ideas to trade the market. There are three basic types of forex market analysis:
1. Technical Analysis
2. Fundamental Analysis
3. Sentiment Analysis
There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know all three.

Technical Analysis
Technical analysis is the framework in which forex traders study price movement.The theory is that a person can look at historical price movements and determine the current trading conditions and potential price movement.
The main evidence for using technical analysis is that, theoretically, all current market information is reflected in price. If price reflects all the information that is out there, then price action is all one would really need to make a trade.

Now, have you ever heard the old adage, “History tends to repeat itself“?

Well, that’s basically what technical analysis is all about! If a price level held as a key support or resistance in the past, traders will keep an eye out for it and base their trades around that historical price level.Technical analysts look for similar patterns that have formed in the past, and will form trade ideas believing that price will act the same way that it did before.

In the world of currency trading, when someone says technical analysis, the first thing that comes to mind is a chart. Technical analysts use charts because they are the easiest way to visualize historical data!You can look at past data to help you spot trends and patterns which could help you find some great trading opportunities.

What’s more is that with all the traders who rely on technical analysis out there, these price patterns and indicator signals tend to become self-fulfilling.As more and more forex traders look for certain price levels and chart patterns, the more likely that these patterns will manifest themselves in the markets.You should know though that technical analysis is VERY SUBJECTIVE.

Fundamental Analysis
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect the supply and demand of an asset. If you think about it, this makes a whole lot of sense! Just like in your Economics 101 class, it is supply and demand that determines price, or in our case, the currency exchange rate.Using supply and demand as an indicator of where price could be headed is easy. The hard part is analyzing all of the factors that affect supply and demand.

In other words, you have to look at different factors to determine whose economy is rocking, and whose economy sucks. You have to understand the reasons of why and how certain events like an increase in the unemployment rate affects a country’s economy and monetary policy which ultimately, affects the level of demand for its currency.

The idea behind this type of analysis is that if a country’s current or future economic outlook is good, their currency should strengthen. The better shape a country’s economy is, the more foreign businesses and investors will invest in that country. This results in the need to purchase that country’s currency to obtain those assets.

For example, let’s say that the U.S. dollar has been gaining strength because the U.S. economy is improving. As the economy gets better, raising interest rates may be needed to control growth and inflation.
Higher interest rates make dollar-denominated financial assets more attractive. In order to get their hands on these lovely assets, traders and investors have to buy some greenbacks first. As a result, the value of the dollar will likely increase.

Sentimental Analysis
Earlier, we said that price action should theoretically reflect all available market information. Unfortunately for us forex traders, it isn’t that simple. The forex markets do not simply reflect all of the information out there because traders will all just act the same way. Of course, that isn’t how things work.

This is why sentiment analysis is important. Each trader has his or her own opinion of why the market is acting the way it does. The market basically represents what all traders feel about the market. Each trader’s thoughts and opinions, which are expressed through whatever position they take, helps form the overall sentiment of the market regardless of what information is out there.

The problem is that as retail traders, no matter how strongly you feel about a certain trade, you can’t move the forex markets in your favor. Even if you truly believe that the dollar is going to go up, but everyone else is bearish on it, there’s nothing much you can do about it (unless you’re one of the GSs –George Soros or Goldman Sachs!).

As a trader, you have to take all this into consideration. You need to perform sentiment analysis. It’s up to you to gauge how the market is feeling, whether it is bullish or bearish, and you decide how you want to incorporate your perception of market sentiment into your trading strategy.

Any Question ?

Its all about PEACEFUL WEALTH

Types of Forex Orders

The term “order” refers to how you will enter or exit a trade. Here we discuss the different types of forex orders that can be placed into the forex market.Be sure that you know which types of orders your broker accepts. Different brokers accept different types of forexorders.There are some basic order types that all brokers provide and some others that sound weird.

Forex Order Types

Market order
A market order is an order to buy or sell at the best available price.

Limit Entry Order
A limit entry is an order placed to either buy below the market or sell above the market at a certain price.You use this type of entry order when you believe price will reverse upon hitting the price you specified!

Stop-Entry Order
A stop-entry order is an order placed to buy above the market or sell below the market at a certain price.

Stop-Loss Order
A stop-loss order is a type of order linked to a trade for the purpose of preventing additional losses if price goes against you. REMEMBER THIS

MORE ON TYPES OF ORDER.

Stop Loss
A stop-loss order remains in effect until the position is liquidated or you cancel the stop-loss order.Stop-losses are extremely useful if you don’t want to sit in front of your monitor all day worried that you will lose all your money.

Trailing Stop
A trailing stop is a type of stop-loss order attached to a trade that moves as price

Good ‘Till Cancelled (GTC)
A GTC order remains active in the market until you decide to cancel it. Your broker will not cancel the order at any time. Therefore, it is your responsibility to remember that you have the order scheduled.

Good for the Day (GFD)
A GFD order remains active in the market until the end of the trading day. Because foreign exchange is a 24-hour market, this usually means 5:00 pm EST since that’s the time U.S. markets close, but we’d recommend you double check with your broker.

One-Cancels-the-Other (OCO)
An OCO order is a mixture of two entry and/or stop-loss orders. Two orders with price and duration variables are placed above and below the current price. When one of the orders is executed the other order is canceled.

Let’s say the price of EUR/USD is 1.2040. You want to either buy at 1.2095 over the resistance level in anticipation of a breakout or initiate a selling position if the price falls below 1.1985. The understanding is that if 1.2095 is reached, your buy order will be triggered and the 1.1985 sell order will be automatically canceled.

One-Triggers-the-Other
An OTO is the opposite of the OCO, as it only puts on orders when the parent order is triggered. You set an OTO order when you want to set profit taking and stop loss levels ahead of time, even before you get in a trade.

For example, USD/CHF is currently trading at 1.2000. You believe that once it hits 1.2100, it will reverse and head downwards but only up to 1.1900. In order to catch the move while you are away, you set a sell limit at 1.2000 and at the same time, place a related buy limit at 1.1900, and just in case, place a stop-loss at 1.2100. As an OTO, both the buy limit and the stop-loss orders will only be placed if your initial sell order at 1.2000 gets triggered.
In conclusion…
The basic Forex order types (market, limit entry, stop-entry, stop loss, and trailing stop) are usually all that most traders ever need.

I called my Aboki in Sabo,Ibadan and he maintained that the price of Dollar remains #300, he even advised me to wait till Friday if I will be doing any transaction and see maybe I can have a lower rate. As I made this known in my whatsapp group,I got a call from him again saying with laughter that he just contacted one of his colleague in Lagos and he said the price has come down to #285. But the surprise thing is this 'how can BDC rate be lower than Interbank market?'

This is AbbeyForex, Reporting live from Ibadan

For those that trade the FX market directly and if you use the knowledge of Fx to do binary, this trade set ups are still useful for you.

Short GBP/USD @ 1.3973, tp 50pips,sl 25pips
Short USD/JPY @ 111.79, tp 70pips,sl 35pips
Short GBP/CHF @ 1.3876, tp 50pips,sl 25pips
Short GBP/JPY @ 156.19, tp 50pips,sl 25pips
Short EURJPY @ 123.11, tp 50pips,sl 25pips

Trade at your own risk !

Short GBP/USD @ 1.3973, tp 50pips,sl 25pips
Short USD/JPY @ 111.79, tp 70pips,sl 35pips
Short GBP/CHF @ 1.3876, tp 50pips,sl 25pips
Short GBP/JPY @ 156.19, tp 50pips,sl 25pips
Short EURJPY @ 123.11, tp 50pips,sl 25pips

Trade at your own risk !

Short GBP/USD @ 1.3973, tp 50pips,sl 25pips
Short USD/JPY @ 111.79, tp 70pips,sl 35pips
Short GBP/CHF @ 1.3876, tp 50pips,sl 25pips
Short GBP/JPY @ 156.19, tp 50pips,sl 25pips
Short EURJPY @ 123.11, tp 50pips,sl 25pips

Trade at your own risk !

Mcleo007:
Hello good afternoon and how're you?

I'm pleased to inform you that we now offer "Cash On Delivery" service outside of Lagos for our clients. Do feel free to reach out for our charge rates and Terms of Service.

NB: This phase of our service is strictly for merchants who sell online or real stores in Lagos or have goods in our warehouse.

Thanks.
- IBL Logistics

OYO !

abbeyforex:
I think GU. UJ and GJ are good pairs to start the day

GU=+29pips
UJ=+40pips
GJ=+60pips

Total for pre-london= +129pips

Waiting for New york

I think GU. UJ and GJ are good pairs to start the day

I think GU. UJ and GJ are good pairs to start the day

Datevilme:
What about those of us who don't want to work for anybody, neither do we want to pass through the stress of starting up a business. Isn't there a way to just lounge and be chopping the money?

Collabo,JV or better still the use of errand money

magicfingers009:
So it takes 5 years to be a Warren Buffet? Please humor me

Says who?

abbeyforex:
Short GBP/USD @ 1.4152, tp 50pips,sl 25pips

TP hit in less than 1 hour. Waiting to take the next position.