₦airaland Forum

tonjoan:
Can't agree any less with you. Your trading system must be very good. I also am purely technically oriented cos news are usually factored in prices. Moreso, info has it that most major banks are buying eu at 1.3535
Same goes to gu and au.

The banks ain't buying but it is ECB that is buying Italian bonds to mop up euro.

@naijababe, Silvio Berlusconi is using his influence as a billionaire to hold on to power. Imagine he want early elections and not coalition govt before he can step down. Even Italy's debts cannot be bail-out with the EFSF currently. After Italy, Spain will be next, Merkozy wahala dey as Psquare sing am.

With the whole eurozone engulf in debts crisis and plans for some to exit, I think the only thing now is to press the sell button for euro pairs and forget about any technical shenanigans.

stagger:
Questa frase è sbagliata!

It is poco a poco (bit by bit, or little by little).

Do not use a foreign language when you do not know it properly.

Please when can I reach you i.e. your free time. I'll like to discuss something with you.

Orikinla:
Majority of secondary school leavers in Nigeria who are employed get paid only N5, 000 - N8, 000 monthly in major towns and cities in Nigeria.

Nigerian employers are among the worst employers in the world.

How can a young adult of 18 or 21 survive on a monthly salary of N5, 000?

That is why majority of our female secondary school leavers turn to prostitution to make ends meet.

Only a fraction of the teeming population is privileged.

We are over 167 million and the largest Nigerian community forum online has only 804, 201 members as I am posting this. But only about 5, 000 - 10, 000 will even get to view this very important topic.

Nigeria is a weird country.

Exactly! Assume a graduate with a net pay of 75k (most grads don't earn up to this as far as I know because of the rate of unemployment situation now) which equates to 2.5k pay day. He has a family of four as well as dependant relatives (maybe father & mother). Now spread his daily pay to everyone who rely on him as the bread-winner, we can logically say that 80% can be correct.

Iolo/deco2come, I guess you guys are from a rich and privilege class that's why you won't accept the estimate that 80% of Nigerians live below poverty line.

^^ I think say na you and swiftz go do engagement, lol

naijababe:
Mumu people calling for a referendum!!! As if dem get choice, maybe Germany should also call for a referendum before bailing them out.

They have a choice ooooo! Let them pull out of eurozone, print & control their money and pay back the debts. Imagine if the government workers in Nigeria have their minimum wage cut down as well as pension, then an increase in tax. Germany and France are just too greedy because of money. I agree with the referendum in toto.

Ismail 007:
Good day. Please help recommend an after shave. I have coarse beard and i shaves like every 2-2 days. Sometime ago, I made use of a rechargeable clipper for clean shave. Some days later i developed pimples-like bumps. I have made use of several aftershaves all to no avail. Pls help me out

Use 'canfour' (don't know the real spelling, a white solid substance used especially in clothes box to repel insects) after shaving. The original ones are those sealed in fine polythene nylon with labels and sold by the women along the roadside. Either rub it on your chin after shaving or grind it and then rub on the chin. You can do this continually every morning or after a specific hour each day not necessary whenever you shave. Also, try to wash your chin with sponge and anti-septic soap anytime you shave. That's what I've been using for the past 9 years and I don't have any bumps. Hope it helps you.

wow! I no fit shout. Woke up to see my TP hit on UJ since placing the trade last. What a wonderful way to start the week.

@oti-igba, I agree with you. Now is the best time to sell it before it will become worthless like Greece. The arabs will be ready to pay any amount than chinese who may under-price this kompany, lol. Let's suggest how much it can be sold please.

^^ Thanx blogicon I go through over the week-end

SL taken out na wa for today market everything just craze turn green

Selling EU now, SL 1.4166

I'm expecting the USD/JPY move up to 80.Bleep with this news: BOJ Expands Stimulus

@ forexmart, this your 'juju indicator' should be very powerful. Now broker go dey fear fear!!!!

na wa EUR/USD just dey really wait for today's decision from the EU Summit even though dem never start their summit

GenBuhari:
How about a Nigerian Tropical Storm then?

You could perhaps call it 'NIGERIAN HARMATTAN', what ya think?

^^ Many factors still slows down the growth of the stock market such as:

- People's perception about the market after the crash has dwindled and this may take a long time to convince the public to buy shares after the losses they've experience.

- There's instability in the economy which would make foreign investors back-out and concluding that the whole country is not safe.

- With the new strategy from CBN to reduce the supply of money in the economy, I don't think I'll be willing to invest the little I have anywhere the stock market.

- The international financial system is gradually recovering from the 2008 recession which back-fired on our stock market and I think until the international market fully recover that we can get a stability.

- The All Share index has continue fall from the beginning of the year to a low of about 20K.

If you have the money, now would be the best time to buy and keep for future generations unborn.

EUR/GBP looks like a sell order. I'm getting ready for it

[quote author=pip p[size=1pt].[/size]imp link=topic=743770.msg9419984#msg9419984 date=1319610198]
bro's why you de waste your time. . . .you and i know that even if you post three million systems/strategies here will not solve the problem a newbie will have to pass through. . .i dont think systems or strategies is the problem of a newbie but emotional control. strategies are mostly percentage based that is why we place stop losses. a newbie, having lost two or three trades will automaticaly assume that the system does not work and look for the next strategy to try. anyone who has traded for a considerable time knows this. until emotions are controled with the full realisation that losses are a part of this business, a newbie definitely will go through hard times. . . .there is no short cut around it.[/quote]Gbam!!!!!

@OP the stock market will rise again but it may take up to a 2 decades 'cos the Nigerian economy is seen as a safe-haven to attract foreign investors. Just keep yourself updated with the world's financial markets which the leaders would do everything possible to avoid a crash.

stagger:
Who trades the USDZAR?

I stumbled on an article written some years back about this currency pair. Did not know that the daily range was close to 1,000 pips. Tried one of my forex trading systems on it and picked off 208 pips in a single trade (Friday to Monday).
I think this pair shows promise, especially now that the Yen crosses and some other ones are dozing.

Then the spread must be very high especially in non-trending market. What's the spread from your broker?

cristog120:
whether eur/usd likes it or not im keeping my long opened  since last night with .4000 as tp.its doing well anyway.im out for leisure with .

Hey watch your trade as EU might be set to drop especially with the disagreement in the on-going EU Summit over the debts impasse.

^^ Your vids definitely not on this thread, I'll check them out through your profile.

I mean stutter.

@ pip p[size=1pt].[/size]imp, shey u dey skip for real, abeg no take am as offense. I'm wondering 'cos of the way you type your comments here.

Selling GU now. SL @ 1.6042

I hope the 'Benghazi' of Nigeria will start here!

Positioning and getting ready to sell NZD/USD for 40 pips

Japanese government warns of intervention soon. Source: http://uk.reuters.com/article/2011/10/24/japan-economy-azumi-idUKL3E7LO00P20111024

pip p[size=1pt].[/size]imp abeg concentrate on what brought you into this business, otherwise he may make you derail on your plan