₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,345,049 members, 8,515,239 topics. Date: Sunday, 08 November 2026 at 12:57 PM

Toggle theme

Macphilip's Posts

Nairaland Forum › Macphilip's Profile › Macphilip's Posts

1 2 3 4 5 6 7 8 ... 1144 1145 1146 1147 1148 1149 1150 1151 1152 (of 1158 pages)

Technology Market › Re: The Easiest Way To Start Trading Forex And Earn Profit by macphilip: 2:24pm On Nov 20, 2014
Nowadays there are several brokers in the world but i have a list of reputable forex brokers that are well known in Nigeria
read List of Forex Brokers in Nigeria
Christianity Etc › Re: Myles Munroe, His Wife & Daughter Are Dead (Plane Crash) by macphilip: 10:01am On Nov 10, 2014
Lord have mercy
Romance › Re: My Girlfriend Always Cries After We Kiss by macphilip: 7:27pm On Nov 05, 2014
Fabdedon:
Try kissing different girls.. If this case still persist pls visit the doctor..maybe you have the gene of suarez..there are video proves that you bite but still deny it..
bad advice
Business › The Importance Of Fundamental Analysis In Forex Trading by macphilip(op): 2:55pm On Nov 04, 2014
Most Forex traders ignore the importance of fundamental approach in trading the Forex market. For one reason or the other, many traders believe price reflects it all on the charts. There is no doubt about this; however it is best to have logical information why price trends up and down in the market. I still personally don’t believe price of currencies moves based on technical indicators, trend lines etc. The Forex market is purely based on economic and geo-political factors which affect the value of various currencies around the world.

Fundamental factors in general are the cause of demand and supply in the market. It is so surprising that most traders focus majorly on the technical perspective of trading. Every month there is lots of fundamental release each day in a week, which provides an insight to which currencies would have chances of appreciating or depreciating in the market. The major concept involved in currency trading is pairing a weak and a strong currency and then trade them.

With the availability of an economic calendar which can be gotten from various sources from the internet (an example is www.forexfactory); it is very easy to derive information about what is going on in the economy of a country. There are several fundamental indicators that affect the value of price of each currency in the markets. These effects vary from the level of impact these economic releases have on the currency. There are low, medium and high impact economic indicators, however I suggest the high impacts should be the most monitored as these are the ones which causes long lasting effect in the market.

High impact economic releases such as Central Bank Interest Rate, Employment Statistics, Gross Domestic Product, Consumer Price Index, Monetary Policy Reports, and Meeting Minutes etc. can affect the price of currencies dramatically and could be used in speculating the direction of currencies. With the help of such economic information, it is then technical approach compliments it all by providing a favorable entry and exit points in the market.

Incorporating fundamentals reports and any technical strategy could be very rewarding because when there is a fundamental back up in trading, it serves as a catalyst and gives more confidence. The combination of both trading sub-systems makes a complete unified system. A technical trader without having fundamental knowledge of the market is an incomplete trader.

Learn how to profit more from forex trading at our blog where we provide accurate forex signals, free Forex indicators and robots, good technical analysis and strategies at www.forextrading23.com.
Travel › Re: Dangerous Bus-stops In Lagos by macphilip: 4:56pm On Nov 03, 2014
donigspain:
What about Oshodi?
am surprised the mother of them all, Oshodi is not on the list
Business › Re: Which Forex Broker Can Pay Out 500% Plus A Week Without Qualms by macphilip: 2:47pm On Oct 29, 2014
try instaforex.com
Business › Re: JACKPOT ARENA LAUNCHING SOON. by macphilip: 1:39pm On Oct 29, 2014
am willing to invest in your business,
but i need more information about the strategy you planned using
because 1 million is not enough to start this kind of business
Politics › Re: Breaking News: TAMBUWAL Defects From PDP To APC..officially by macphilip: 1:34pm On Oct 28, 2014
He has jumped finally!
Politics › Re: What Is The Diff Btw A Minister And A Minister Of State In The Same Ministry? by macphilip: 2:18pm On Oct 24, 2014
Job for the boys
Education › Re: Worst Course You Took In School by macphilip: 2:10pm On Oct 24, 2014
Quantum Mechanics I & II
Anyone who studied Physics in the university would
know about these extremely difficult courses.
Even my Lecturers back then could not explain the courses fully
Business › Re: Standardgoldng E-currency Exchanger: Nairaland Customer Service. by macphilip: 12:51pm On Aug 28, 2014
good service from SGN
you guys are doing great
Health › Re: BREAKING: Nigeria Successfully Blocks Ebola, Has One Case Left- minister by macphilip: 7:02pm On Aug 26, 2014
To God be the glory
Adverts › Re: Buy & Sell Exchange Bitcoin|Perfect Money |Neteller |Skrill |Payoneer -TopUpGold by macphilip: 11:16am On Aug 04, 2014
sorry,
how much do you sell webmoney?

1 2 3 4 5 6 7 8 ... 1144 1145 1146 1147 1148 1149 1150 1151 1152 (of 1158 pages)