Trading currencies, CFDs, indices, commodities, and cryptocurrencies presents a lucrative opportunity to make profits. However, that doesn’t guarantee success when trading the market. Here are six awesome tips to help you improve your forex trading skills. 1. Invest In Yourself Before Entering The Market It’s important to spend time improving your knowledge and skills. It will help you make better trading plans and improve your chance of long-term success on…
The Nigerian Naira is the official currency of the Federal Republic of Nigeria. Its currency code is NGN. The Central Bank of Nigeria manages the NGN. It has the sole authority to issue banknotes and coins. It distributes and ensures Naira’s price stability and value. One Naira consists of 100 kobos. As of May 2021, 1 U.S. dollar is equal to around 413 NGN, so it takes 413 NGN to…
We are proud to present to you one of the best investment options on the market. That is usually not accessible to retail clients. We are happy to have arranged managed accounts from a Swiss regulated firm. Its head office is out of the City of London: Mayfair Brooks Group. MBG has a collective experience of over 50 years in the Capital Markets industry and has been successfully trading their strategies for…
Although cryptocurrency trading has been pretty hyped up over the past few years, Forex trading is a more traditional, time-tested way to make extra money in the financial market, and it’s still popular in Nigeria as well. More and more people around the world are looking for additional sources of extra income that would allow them to make money online. The Forex market is the largest financial market in the…
Trading psychology looks at how a trader’s emotions, discipline, and mindset affect their trading decisions. Knowledge, skills, experience, and strategy contribute to a trader’s success on the market. However, trading psychology is what determines how well a trader applies their knowledge and strategy when trading. In trading psychology, the most common emotions that influence trading mistakes are fear, greed, and revenge. It is, therefore, important to understand and control these…
Technology has been adopted by different organizations worldwide which help in their daily operations. Recording financial transactions, business communication, wider access to markets are some of the benefits that come with technology adopted by businesses. With the Forex market facilitating transactions worth over $6 trillion daily, the importance of technology cannot be ignored in the market. Below are some of the reasons why the Forex market is better with technology….
Last week, the price of Bitcoin rose to its all-time high above $61,000 to almost reaching the $62,000 mark. According to Coindesk.com, the all-time high was $61,556.59. However, this week on Monday as bears took over, the price dropped to almost $54,000. Over this week since the price drop on Monday, Bitcoin has been able to gain value and rose to a high of about $60,083 on Thursday. Bitcoin has…
EUR/USD rose to this week’s high on Thursday at 1.2242 and dropped on Friday to a low of 1.2061 by the end of the day. XAU/USD dropped to its week’s low on Friday to 1716 from a high of 1816 on Tuesday. The Euro rose in value against some major currencies such as CAD, AUD, and NZD. US Dollar (USD) This week, the value of the USD has risen. Considering…
2020 will be remembered as a year in which a global pandemic struck the world adversely affecting virtually all aspects of our lives. The Coronavirus disease 2019 (COVID-19) is an illness that is caused by severe acute respiratory syndrome Coronavirus 2 (SARS-Cov-2) which can spread from one person to another. The outbreak started in Wuhan, China in December 2019 but within a few months, it spread to over 200 countries…
As the largest financial market in the world peaking at 6.6 trillion USD a day, it’s no wonder the spotlight often falls on top forex traders. With high volatility – particularly during recent days with the global Covid-19 pandemic in full swing – and four main trading sessions to focus on, it’s worth paying attention to exemplary investment acumen and risk management. Learning the strategies of others who have successfully…