₦airaland Forum

I need to update my record I am so sorry

I am 100% sure that derivatives are better than binary

azpekuliar: I still await your manual on how to use this new platform, and I know I am not alone in this regard. I did not react to your alert this morning for this same reason.

I am working on it

Pukkah: My piece of advice is that people should not delve into financial products of which they have little or no understanding. In the long run, creation of complex financial products which the creators even don't fully understand has not done the financial world any good.

Financial derivatives are so simple that even you as a person do it without knowing.Its an everyday occurence.If you believe the price of a certain product will go up you simply buy the product it that simple.Its simpler than BOM.

Today, I want to talk about leverage and I intend to do justice to this topic in the best way I can. Firstly I said in my write up in previous post that currencies are bought and sold in lots. I also said that a standard lot is 100,000 dollars of the base currency .Meaning that currencies is bought and sold wholesales so to speak. Now most brokers and bookmaker always give leverage. That means that they tell you to pay only a marginal percentage of the total volume of trade, if the trade goes in your favor Thank God If it goes against you it always very fatal because the leverage wipes you out in no time.Meaning that your whole account can be wiped off in no time.CFD meaning Contract for difference unike Binary does not have the timing effect.Let me explain when u trade on BOM they ask or a specific timeframe which if the market goes against you then u loose all,Let me use the example of the alert I gave today,based on my fundamental analysis I sent an alert that the Ftse and the dax will rise but in the first two hours the market fell alas that may signify loss but I stood by the trade becos I believe the the cpi in Germany when it comes out will the positive I also reliaze that most traders now want to take little profit becos the market is volatile.But at the end of the trade the market went positive and anyone who traded the alert that will be positive news becos money will have been made another ,disadvantage of the Bom is that the spread is just too high take for example the dax the spread is 1,if you are using the platform I recommend then the dax is just 1 pip unlike bom which gives about 7 pips and the difference blw loss and gain may be just that pips so be careful.So as a rule of thumb,don’t use more than 1.20 leverage.it is very important.You have to go about this trade like a professional.so if you invest say $500 then don’t trade one more than 1 mini lots which is 10,000 dollars of the base currency.there is another thing call margin call that is if the markets moves against you below say 0.5 the brokers close the trade so that they don’t suffer loss.They give u a margin call that if you don’t add more money then the trade will be closed but most forex brokers just close the trade.I still have a lot to put out but believe me typing is not easy so feel free to ask me questions concerning this topic and please don’t forget to get the website I recommend you don’t have to open a live account just do a demo understand the system and the platform the challenges and the rest.I have put my link on the website below.Thanks

send ur number to me again pls

why

fine.I now feel so good that my analysis are on track,thanks to a platform that does not cheat

I want people to be patient let us move slow and steady.Its not a money doubling stuff.

For those who require the link this is it

http://www.hotforex.com/?refid=13279

I want your comments,questions and criticisms

The Question is Could Draghi Mark a Turning Point for Markets?
Bold comments from the European Central Bank (ECB) President Mario Draghi that the ECB will do “whatever it takes” to protect the euro zone from collapse are raising hopes that risk appetite could return to markets beaten down by the debt crisis

European stocks are expected to open higher on Friday following comments by ECB chief Mario Draghi on Thursday indicating the central bank stands ready to tackle soaring borrowing costs in Spain and Italy.

Today, I want to talk about how profit and loss are calculated
Let us take the usd/Jpy as an example. If the bid/ask price is say 80.50/51
The brokerage gets a pip of 1pip when u buy and sell this asset.In other words they get 2 pips when the transaction is complete.

If you believe the usd will rise you buy the usd and sell the Jpy .From the example above you buy at 80.51 and you sell at 80.50…….If you believe that the Usd will buy more yen all you have to do is to buy the dollar and sell the yen,If the dollar rise say to 80.90/80.91 .One more thing in forex currencies are bought and sold in lot .The standard lot is $100,000,so if you here one lot then it’s the $100,000 of the base currency.Base currency is the currency you see first….in the case of usd/Jpy the base currency is dollar

So back to my example ,to get your profit the calculation is as follows.You substract the 80.51 from 80.90
That give us 0.39 Multiply 0.39 by 100,000 that gives us 39000 divide 39000 by the new price which is 80.90 that gives $482 which is your profit, that will equally be your loss if the price move in the reverse direction.

For the other currency pair follow the same way. let me do another example in the Eur/Usd……If the Eur/Usd pricing is 1.2034/35……… This means that the 1 euro can buy 1.2035 dollar and if you want to sell you sell for 1.2034. Now if you believe that the euro will appreciate in value than the dollar then you can buy the euro wait for some time and you sell later,if you also believe that the Dollar will appreciate in value you buy the dollar and sell the euro.Its that simple.Just buy the asset that you believe will rise and sell the asset that you believe will fall,Now let us go back to how the value of the profit and loss is calculated. Now let say because Mr Mario the ECB Boss decides to raise interest rate and you as a market analyst and traders believe that will make the euro to appreciate then you can buy the euro and sell the dollar so like I said in my write up above I said currency pair and bought and sold in lot, One lot is equal to 100,000 usd of the base currency.So if you decide to buy the euro and sell the dollar you buy the euro at 1.2035. and wait until the currency appreciate let say that the currency appreciate to 1.2078/79 that means you can now sell the euro at the rate of 1.2078…….so the calculation is that you minus 1.2035 from 1.2078 which gives a value of 0.043 that means that the pair as moved 43 basis point then multiply that with 100,000 that gives $430 then divide that with 1.2078 that gives $356 which is your profit.so that is the calculation now I want to talk about leverage.In the financial markets,we have what is called leverage that means you put only a percentage of you’re the value of the asset you want to buy.its just the same way like you buy a house on credit called mortage. Now the example I gave above you don’t need to have a 100,000 usd before you can purchase the asset you are obly required to have say 1 percent of the asset in question so in the example above you are only required to have 1000 dollars that mean if the market agrees with your analysis then you get the profit above but the dangerous part of the financial market is volatility.Markets are always very volatile,so you canget wipe off even if you analysis is right.So the solution is not to go for standard lot but micro and mini lot .The Mini Lot has a value of 10000 dollars of the base currency so in that case of the eur/usd your profit is now less so also is your loss.I will talk about other things which you need to know before the end of business today but I want to use the month of August for us to test the ground correct possible mistake get familiar with the platforms and demo and demo so even If you don’t have a live account for now you can continue to use the free alert to test the effectives and see how things go.

Thank you

Babatunde

Yeah I am doing a write up on the platform,i need to educate people on what to do.Just tarry a while I will do that

0806###### i guess

Optimisticgondy: i sent my no on Sunday but no alert got yet. I'll resend it now. Thanks

I guess that is a mix up send it to boomodara@gmail.com

ok

yeah just enter the price now

lesson learnt,I guess the price i gave u is the futures price but what u now is the spot price

seems you are right

no i guess if you enter the trade now its a mistake i cant see ooooooooo.but if you enter at the market price then you have no problem

I just sent a message on the dax now,next trade comes up at 10.00pm tonight

azpekuliar: Good morn Pappy. keep up the good work. Finally got to log in and use the web trader platform. Kindly confirm that yesterday's signal is still open.

Thanks.

I will do that my hands are full

azpekuliar: Good morn Pappy. keep up the good work. Finally got to log in and use the web trader platform. Kindly confirm that yesterday's signal is still open.

Thanks.

No that has gone.Do i have your number with me,If yes thn you will my alert on the european front

Manweysabi: i have sent you a mail

ok

I want to use this thread to explain the working of the bourses in the United states. We have a lot of bourses but I will basically talk about the two major bourses and the three major indices.The Dow Jones Industrial Average,The S^P 500 and the Nasdaq.Now the dow like I have written in my earlier write up is 30 most capitalized stocks on the floor of the New York Stock Exchange while the Nasdaq100 is the 100 most capitalized stocks of the floor of the Nasdaq( National Association of Securities the Dealer Automated Quote). The Nasdaq has major Tech stocks like Amazon,Yahoo,Google,Dell,Facebook,Apple,HP and a host of other Technology stocks.The Dow contains Big Financial Institutions and Industrial while the S^P is 500 most capitalized stocks on both exchanges.It is use to measure the health of the Us economy.It is called a leading Indicator.The Markets leads the main economy.So I just want us to understand that this numbers don’t come out of the blues.As part of the services I am going to introduce exotic pairs which I believe have a fairly straight forward movement though the spreads are high but they are very good.These are mostly G20 Countries which Nigeria intend to join in 2020.Just a digression by my own analysis I believe if Nigeria want to join the G20 we need to add 70 billion dollars to our economy annually and I don’t see the GEJ administration doing this so these are just rhetoric by Goodluck,ObJ and Yaradua’s government.

I want to use this thread to explain the working of the bourses in the United states. We have a lot of bourses but I will basically talk about the two major bourses and the three major indices.The Dow Jones Industrial Average,The S^P 500 and the Nasdaq.Now the dow like I have written in my earlier write up is 30 most capitalized stocks on the floor of the New York Stock Exchange while the Nasdaq100 is the 100 most capitalized stocks of the floor of the Nasdaq( National Association of Securities the Dealer Automated Quote). The Nasdaq has major Tech stocks like Amazon,Yahoo,Google,Dell,Facebook,Apple,HP and a host of other Technology stocks.The Dow contains Big Financial Institutions and Industrial while the S^P is 500 most capitalized stocks on both exchanges.It is use to measure the health of the Us economy.It is called a leading Indicator.The Markets leads the main economy.So I just want us to understand that this numbers don’t come out of the blues.As part of the services I am going to introduce exotic pairs which I believe have a fairly straight forward movement though the spreads are high but they are very good.These are mostly G20 Countries which Nigeria intend to join in 2020.Just a digression by my own analysis I believe if Nigeria want to join the G20 we need to add 70 billion dollars to our economy annually and I don’t see the GEJ administration doing this so these are just rhetoric by Goodluck,ObJ and Yaradua’s government.

it will be better if you use it on hotforex or any non binary platform because i wont be giving timing

Manweysabi: @pappy, i've P.M you my number and email

send it to boomodara@gmail.com

The Euro is under pressure

yeah u can