Forex Trading World

20/08/2023

The Mursi Tribe And Lip-Plates

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The Mursi Tribe And Lip-Plates

19/08/2023

TOP INFO📍
📌Do you know It costs $1,500 per person to visit the gorilla forest in Rwanda...

📌Guinea's President Mamady Doumbouya ordered foreign mining companies to refine resources locally, and share the revenue fairly...

📌 Egypt constructed 6 new tunnels under the Suez Canal in just 3 years thereby connecting Africa to Asia...
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TOP INFO📍📌Do you know It costs $1,500 per person to visit the gorilla forest in Rwanda... 📌Guinea's President Mamady Doumbouya ordered foreign mining comp...

08/06/2023

05/03/2023

Hackers reportedly sweep over N2.9 billion from Flutterwave accounts

Nigerian Fintech company, Flutterwave, has s¥ffered a huge financial loss after hackers reportedly transferred over 2.9 billion Naira from their accounts

According to Techpoint Africa, the incident happened in early February, 2023. Documents seen by the publication, reveal that N2,949,557,867 was illegally transferred from the accounts of the African fintech unicorn.

On February 19, 2023, Flutterwave’s legal counsel, Albert Onimole, had reported the case to the Deputy Commissioner of Police, State Criminal Intelligence Department, Panti, Yaba, Lagos.

Per Onimole’s letter, the hack on Flutterwave’s accounts occurred about two weeks ago. It was said that the money was initially transferred to 28 accounts in 63 transactions. While the incident was reported to the police on February 13, 2023, with the list of accounts that had received the money, the police could not freeze the funds.

According to Flutterwave, some commercial banks allowed the money to be moved to other accounts, widening the money trail. To investigate accounts holding the st%len funds across various financial institutions in Nigeria, S.A. Adedesin, Legal Officer, State CID, Panti, Yaba, Lagos, filed a suit in the Magistrate Court of Lagos (Yaba Magisterial District sitting at Yaba) to support Flutterwave’s claims.

Per the motion filed by Adebesin, 107 accounts, including fifth beneficiaries of those accounts, are to be placed on lien/Post-No-Debit (PND).

The suit is between the commissioner of police and the following financial institutions: Access Bank, Providus Bank, Union Bank, Keystone Bank, PalmPay, First City Monument Bank (FCMB), Kuda Bank, Zenith Bank, First Bank of Nigeria, Guaranty Trust Bank (GTB), United Bank for Africa (UBA), Polaris Bank, Wema Bank, Union Bank, Sterling Bank, Ecobank, Paycom, Fidelity Bank, Eyowo, Stanbic IBTC Bank, OPay, VFD Microfinance Bank, Carbon, Moniepoint, Al-Hayat Microfinance Bank, PiggyVest and Nomba (previously Kudi).

However, some customers of some of the financial institutions claimed that their accounts had been frozen in relation to the incident. 📝:

24/02/2023

https://fb.watch/iUtaz48nRT/?mibextid=RUbZ1f

26/08/2022

Learn about Forex market & terms

26/03/2022

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21/01/2022

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13/01/2022

TECHNICAL ANALYSIS

Traders analyze the forex market either by using fundamental analysis, technical analysis, or both.

Fundamental analysis involves trading the underlying news that may cause a currency to strengthen or weaken. They look at economic figures such as GDP results, interest rates, US Nonfarm payroll (or the employment rate outside the agriculture industry), CPI (consumer price index - inflation), among others. You can check out DailyFX.com for all the numbers including their release date and time, also the specific effect on the market.

In the stock market, using fundamental analysis involves looking at earning ratios (Price to Earning - PE), asset utilization (Return on Asset - ROA), asset size (Price to Book - PB), debt (current and quick ratios), to determine whether a stock is a good buy or not. People who use fundamental analysis usually hold their position for a long time (until the stock reaches its full potential) and thus they are called investors. The most famous investor in the stock market is Warren Buffett.

Technical analysis focuses on chart patterns and indicators to predict the possible movement of price. This is the focus of this app. Technical analysis states that all the data you need can be found in the charts and price movement. Since forex (and any other financial trading systems like the stock market, commodities, etc.) is forward-looking, all the information is and will be factored in the price movement (charts) already. They believe that price movement is simply the play of supply, demand, and mob psychology and everything can be seen in the charts.

Price movements and charts are always changing thus technical analysts usually hold their positions shorter and are called traders. Traders can either be Day Traders (hold position within a day), or Swing Traders (hold position for days to weeks or even months but never years).

There are traders who use both types of analysis use fundamentals to know what to buy or sell, and technical analysis can be used to "time" the market, or the "when" to buy and sell.

The question is which one type of analysis is the most effective one? Well, there is no right or wrong answer here. Some people found success using fundamental analysis alone, some people technical analysis alone, and still some people both. Some people simply cannot find logic in doing technical analysis, while some made regular income trading.

There is really no right or wrong here. I used to do fundamental analysis in forex but found no success with it. I turned off the news and focus on the charts and I saw my stats got better.

07/09/2021

Important News For Fx Traders

04/09/2021

Something small can do small small 😂

30/07/2021

what Is Forex Trading ? – A Definition & Introduction
What is the Forex market?

What is Forex? – The basics…

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.

It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.

10/07/2020

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02/07/2020

Forex Trading World

01/07/2020

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29/06/2020

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28/06/2020

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