₦airaland Forum

Piponomics: Earthquake in Tokyo..Even more reason for JPY weakness. Those that left trades on could get a nice jump.

Remember March 9 last year devastating earthquake which would have crash UJ save for the intervention by G8 Finance Ministers............critical resistance level to watch is 83

ufotuko: the market this week is too slow for GU and EU,i hope next week will be better,but the GU must reach at least 1.5600 before this year runs out.

Seeing same too from weekly but strong bullishness indicate 1.6100

Risk-off Friday! Risk-off Friday!! Risk-off Friday!!! Please be careful of longs on risky currencies.

Meanwhile long-term opportunity exist in GU and AU

@naijababe/fxbomovi, I still see it go down to 0.9290 in a couple of days.

naijababe: Personally, I am staying away from the EJ. I don't like to trade an instrument when the daily and 4h TF are in conflict. Rising wedge on the 4h which is bearish but a daily close above the upper trendline of the daily triangle.

I am going to find my opportunity somewhere else.

UCHF short present the best bet this morning!!

Let's set up a bank or financial investment firm. @ all

endfx1: I just sold EU sl at 1.2729 TP 1.2548..

Ask me why?.... Dominant trend down + bearish pin bar formed on 4hr TF, upper prices rejected by both 21ema and 8ema...kinda confluence trading i quess but the market can always do it's own thing..

Lets see how it goes..fingers crossed

Reconsider this alert again probably moving SL to 1.2745 fiscal cliff is still looming and may get solution.

johnny1980: very easy to say....yeah money management is awesome....

But what about silly spikes...you lose sometimes...You just try make your profit larger...

When you have a minimum account of 200 and you enter 0.05 pips....you get a crazy 50 pips spike you cut it..aint your account going down bit by bit...or what lot will you advise on a 200$ account? 0.0001??

0.05 lot size on a $200 account?? na suicide be that nah. You are too greedy, go back and read MM over and over again!!!

If you ain't buying gold now, then you are missing greatly

"Everything is in the chart"

BREAKING NEWS: OBAMA RE-ELECTED

Follow the live result here: http://www.telegraph.co.uk/news/worldnews/us-election/9658727/US-election-2012-live-results-map.html

It is crucial to your trades no matter who wins.

@ FEMI OLA, I'm sorry for disappointing you yes'day I got home very late. Can we make an appointment today, say 8.30pm or 9pm?

Gold looks so tempting for a buy position with SL @ 1677

@ aguiyi mails from aol to gmail are bouncing back. Do you have alternative mail just PM to me.

@aguiyi sent to your localjuju email

@FEMI OLA seen your mail, can we talk on Skype this evening?

Meanwhile UJ is a pair building up for sell position this morning.

rozayx5/ayox2003 have you read this too, a staggering 300K - 500K retail traders in naija

A Look at the Nigerian Forex Market

While perhaps not on the top of anyone’s lists for a growing forex market, Nigeria is quickly becoming a destination for brokers to market their products. Leading the interest in Nigeria has been the country’s rising fortune thanks to the energy exploration industry. The discovery of oil and subsequent oil boom of the 1970’s led to cultural changes taking place with energy replacing agriculture as the leading industry and the transfer of the nation’s capital to Lagos from Abuja. However, due to constant changes in government and military coups since Nigeria’s independence in 1960, the new found wealth hasn’t always reached the overall population. As such, even though the country can boast the two wealthiest people of African origin, Aliko Dangote and Mike Adenuga, Nigeria remains an emerging market with 70% of its population living under the poverty line. Currently, improvements are taking place with the enactment of economic reforms and foreign investments.

Forex Market
Like much of the world, retail forex in Nigeria began to gain popularity during the mid 2000’s. Among smaller sized accounts the forex market can thank its popularity to an overtaxed and overcharged equities market which has led investors to seek other assets to trade. This gap was easily filled by forex trading which offers low barriers of entry, free trading platforms, commissionless tradesmand a wide variety of tradable products. Also, with most clients beginning with mini accounts with an average of $500 forex’s large leverage has been a draw to clients.

Due to Nigeria’s capital markets having a meager penetration within the general public, knowledge of trading is low in the country. As can be imagined, this led to many scams and fraud taking place as well as early entrants to the country offering wide spreads. Currently though, the local industry has been trying to improve its reputation. The number of Nigerian Forex traders is estimated to be at 300,000 to 500,000. Around 25% of these are active traders with trade volumes estimated between $500 million to $800 million. The main brokers who have penetrated the Nigerian market are Alpari, InstaForex, FXOpen, ACM Gold, GKFX and FXCast.

Having a low financial educated public has led to the establishment of trading schools sprouting up within the country. These firms are typically run by a few traders that teach attendees the basics and more advanced technical and fundamental analysis. They will also refer students to brokers that they have relationships with. The main independent education providers are Bullbear Trading House, run by an experienced trader with technical analysis qualification, Webiglad Investments, run by a former banker at GT Bank, and Wayves Systems Enterprise, an education provider in Abuja. Explaining what attracts Nigerian’s to the trading schools, Fashe Itopa CEO/MD at Wayves Systems Enterprise explained “The new learners like my method of teaching, I talk about the basics but always give them ideas and strategies on how they can make money.”

http://forexmagnates.com/a-look-at-the-nigerian-forex-market/

Kashif: With GBP and EUR taking a bashing today, next week will be interesting....the bulls are likely going to resurrect...

Next week na election week ooo! So I dey expect the bashing to shift to AUD and NZD especially as RBA wan cut the interest rate. But if Democrat win, the bashing may still extend.

Sell AUD/JPY with a SL @ 83.45

rozayx5: attach @ gmail.com to my U/name

Sent!

Sell signal spotted on GBP/JPY with a very tight SL @ 129.50

@ rozayx5, please PM your contact to jakpayen@aol.com I want to send you a system to test. It gives early signal than the BOSS.

honeric01: This's the last season, no more opening of new season. This one goes into infinity and beyond. Order from above.

lolz..............order from your tyrannical boss abi?

Why is Season 11 not yet opened?? Okay as a long time member of this reputable and ever progressing forex thread, I am taking power to give honour to someone who has giving out from his heart to make sure that both newbies and Oldbies benefit from trading systems that will continue to churn out money for them like an ATM machine installed in your room. Right from DDFX system down to BOSSes system, he has continually shown to us that it is possible to make money in forex trading whether you hold a day job or not. He does not only discover a system but makes sure the system goes through his "lab test" for conformity before recommending to everyone. I am giving the honour with much pleasure to the undisputed king of BOSSes, I present to you rozayx5 to lead us into another season. Please rozayx5 you have the priviledge to lead us to Season 11 by opening a new thread. Take a bow BOSS!!

Sell GU now it is confirmanto!!!

Buy GBP/CHF now for 70 pips

@ aguiyi, which timeframe is it best optimized?

aguiyi: bros i dey o. resignation was turned down , then other issues came up. God has been faithful

Then make dem pay you "armed robber" salary since dem no want make you go

Sell USD/CAD for 50 pips now @ aguiyi long time where ve you been hiding?

BOJ don shit for church!!!! QE far far below expectation

@ debrief
I read the story of your ex some time ago written by himself about how his father influenced him into bad behaviour, then abandon him when he fell gravely sick and I vowed that I could finish him even on his sick-bed for being so callous to a dedicated wife and his mother. I had no feeling of pity for him. I respect you so much for the courage within you.

I'm dedicating this song to you


https://www.youtube.com/watch?v=5oAeoOcpUS4

hisableplc: My CEO GOD almighty noni who has done all tins well good morning JESUS

THANK GOD IS FRIDAY

AJirowo Ajire Ajirayo

2 all my bosses in building I woke up n saw it again oh ej eu ucad uchf goldie haah slept like aa boss woke up 2 c pips again its easy jor with God all tins are POSSIBLE

You are missing out AU on the list too

@ rozayx5,

I'm officially joining the BOSEs BOSSes after observing the way it worked for long time mostly on 1HR but I'll say it is perfect for scalpers and day traders. Sell signal generated on UCAD. Thumbs up home-boi!!