Trading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price, causing investors’ wealth to increase by N86 billion in four trading days.Specifically, the market capitalisation of the NSE, which opened at N12, 919 trillion on Monday, rose by N86 billion or 0.66 per cent to N13, 005 trillion yesterday.Similarly, the All-share index, which measures the performance of listed equities advanced by 236.61 points from 24,766.12 to 24,930.34.eCommerce operator boasts of enough capital despite low business4 hours agoFresh $100 million investment to boost Nigeria’s shipping sector4 hours agoStarting a livestock feed mill4 hours agoTrading on the Nigerian Stock Exchange (NSE) sustained a rising profile yesterday as more blue chip stocks appreciated in price, causing investors’ wealth to increase by N86 billion in four trading days.Specifically, the market capitalisation of the NSE, which opened at N12, 919 trillion on Monday, rose by N86 billion or 0.66 per cent to N13, 005 trillion yesterday.Similarly, the All-share index, which measures the performance of listed equities advanced by 236.61 points from 24,766.12 to 24,930.34.The upturn was impacted by gains recorded in large and medium capitalised stocks, among which are: Seplat Petroleum Development Company (Seplat), Stanbic IBTC Holdings, Guinness Nigeria, MTN Nigeria Communications and NASCON Allied Industries (NASCON).Capital market analysts noted that the domestic equities market sustained its bullish streak for the fifth consecutive session following continued interest in banking stocks.Analysts at Afrinvest Limited were unanimous that following four consecutive bullish sessions and profit-taking witnessed earlier, “we could see profit-taking activities drag market performance today (Friday). However, we expect the equities market to close on a positive note for the week.”Market sentiment, as measured by the market breadth, was positive, as 20 stocks gained relative to 10 losers. Seplat recorded the highest price gain of 9.03 per cent, to close at N350.00, per share.Fidson Healthcare followed with a gain 8.57 per cent to close at N3.42, while Stanbic IBTC Holdings rose by 4.76 per cent to close at N33.00, per share. Eterna went up by 4.40 per cent to close at N1.90 per share.UACN Property Development Company appreciated by 4.35 per cent to close at 96 kobo, per share. On the other hand, Union Bank of Nigeria (UBN) led the losers’ chart by 7.41 per cent, to close at N5.00, per share.Learn Africa followed with a decline of 6.93 per cent to close at 94 kobo, while Linkage Assurances lost five per cent to close at 38 kobo, per share. Japaul Oil & Maritime Services lost 4.55 per cent to close at 21 kobo, while May and Baker Nigeria shed 3.45 per cent to close at N2.80, per share.However, the total volume traded declined by 54.67 per cent to 173.748 million shares, worth N2.133 billion, and traded in 3,646 deals. Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 29.775 million shares valued at N150.249 million.Guaranty Trust Bank followed with 13.158 million shares worth N312.617 million, while Custodian Investment traded 12.849 million shares valued at N64.247 million.Transnational Corporation of Nigeria (Transcorp) traded 10.75 million shares valued at N6.652 million, while Lafarge Africa transacted 9.963 million shares worth N116.627 million.
Silver is currently trading at $29 per ounce, having printed a 7.5-year high of $29.86 during the early Asian trading hours.The daily candle now has a long upper wick. If prices suffer a deeper drop or remain unchanged till Friday’s close, a daily candle with a long upper shadow – a sign of uptrend exhaustion – will be confirmed.That would validate overbought readings on the daily chart indicators like the relative strength index and slow stochastics and could yield a notable price pullback.That said, the overall bias would remain bullish as long as prices are held above the former resistance-turned-support of $26.20 (July 28 high).
Japan’s household spending fell at a much slower pace in June than in the previous month as the economy re-opened from lockdown measures to contain the coronavirus pandemic, offering some hope of a moderate recovery later this year.But the recovery was driven largely by the government’s blanket cash payouts to households, which were spent on big ticket items like television sets, personal computers and sofas.That cast some doubt on the sustainability of the rebound, particuarly as rising COVID-19 infections nationwide have forced the government to request citizens hold off on unnecessary travel and work from home as much as possible.
In California, 57% seeking unemployment benefits lost their jobs for a second timehttps://www.cnbc.com/2020/08/06/in-california-57percent-filing-for-unemployment-lost-their-jobs-again.html
I been selling this pair during past 3 weeks and adjusting the model to the highest levels ever due to superior short term variability. This is my weekly limit order. Any comments are welcome.
I was trading CHFJPY last night when out of nowhere the pair shot up 200 pips then dropped just as fast. I made some nice change on the move, but when I woke up this morning the trades were removed from my account, both online and on MT4. Their support says the trades were removed because they were "non-market prices". What does that mean? And can brokers do that?
The brokers I tried made me lose some trades because they dont close when the price hits TP, i use mt4 so maybe it has something to do (?).Is it normal for every broker or is just the ones i tried?I also did some researchs but webs that recommend brokers dont write about it.Is there any broker who closes trades accurately when price hit TP?The brokers I tried made me lose some trades because they dont close when the price hits TP, i use mt4 so maybe it has something to do (?).Is it normal for every broker or is just the ones i tried?I also did some researchs but webs that recommend brokers dont write about it.
Hey guys,I put in $1k into my trading account and I want to buy gasoil and its hovering at around $359. I was wondering if I enter the trade with $1k, how do I calculate at what price the gasoil will need to hit for me to be kicked out of the trade? Is it even possible to calculate this?Thanks in advance for your help.
babypips.com courseread 2-3 books(mainly at night for 30 mins to 1 hour)while reading books create trading plan & strategybacktest the trading plan & strategydemo trade ittake into a live (1,000-10,000 account). trading very small with no leverage to ease into the psychological rape i will probably experience from thethe marketswhile live, create trading journal
I'm back testing charts everyday for 4 hours And it's such a great way to gain experience. But I don't want to be limited I want to be better. Especially while I have nothing else to do in quarantine.
Hey people !Stumbles on a guy on YouTube saying that most of the indicators where made for stock trading a long time ago and so a portion of them shouldn't be used for Forex.Ofc the guy don't tell you which one. He's a bit Guruish but I think he makes a good point.So, while starting to create a strategy, I want to try indicators that where actually made for forex to see if there's actually a difference.Do you have any that you would share ?On a more personal note, I'm trying to find: A good way to find an entry and exit point for trend trading all help welcome :)
Are you someone who sees high volatility as a warning that you should temporarily reduce your trading activity until the market becomes less volatile, or do you use it as an opportunity to make extra gains?
CHF/JPY Reach Support Area?CHF/JPY Reach Support Area?Maybe I need some help
I'm very into long term investment and FIRE. The people from those communities usually see trading as a sure way to lose money. Also, there are many self-proclaimed gurus that try to sell the idea that trading is easy and that you can quit your 9-5 job and live off trading in no time. In my eyes this sounds delusional and scammy. I'm very sceptical about making money with trading. I'd be fighting against investment banks whose budgets are counted in the millions; they can buy software and hardware and hire the best candidates to trade.Do I really have a chance to make money consistently? If so, what's a realistic expected return? How much do you guys make per year, and how many years of experience do you have?
13. Always think in terms of probabilities. Trading is all about thinking in probabilities NOT certainties. You can make all the “right” decisions and the trade still goes against you. This does not make it a “wrong” trade, just one of the many trades you will take which, through probability, are on the “loosing” side of your trading plan. Don’t expect not to have negative trades - they are a necessary part of the plan and cannot be a14. Ensure that the candle is fully formed on the timeframe you are trading BEFORE you enter your trade. Trade what you see, not what you would like to see.
11. Learn about FIBONACCI levels and how to apply them to your charts.12. Keep your trading system simple. Do not have too much information on your trading screen. It is unnecessary and will only cause you to be confused and delay you making your trading decisions.
9. Ensure you fully understand how to generate and use pivot points and camarilla points on your trading platform. These are crucial decision points for daily trading and you will struggle without them.10. DO NOT overtrade your account. Read up on money management in trading to make sure you fully understand why this is important and develop a strategy which fits with your personal trading capital. NEVER risk wiping out your account because believe me, it can happen. I’ve done it twice myself11. Learn about FIBONACCI levels and how to apply them to your charts.and delay you making your trading decisions.
Hello everyone, this is part 2. I hope this will help you. 6. Don’t set yourself false targets and expectations. Trading is not an EXACT science and if you do you will only become frustrated by your failure to meet them. Take what the market gives and be satisfied. Greed will kill you as a trader, both mentally and monetarily.7. The market is rarely your friend in a trade that goes against you. Cut your losses quickly and accept them as an inherent part of trading. You will not be able to trade without some loosing positions. Manage them well!8. Try hard not to get out of profitable trades too early. Try operating a trailing stoploss of say 15 to 20 pips behind the trade (on 5 minute timeframe) and maximise your good trades by letting them run. Be patient!
Hello everyone. Here are some tips. I hope can help someone. 1. Read both the books by Mark Douglas which cover trading psychology BEFORE you read or do anything else. If you don’t, I’ll say I told you so when you hit a failure barrier and don’t know w2. Stop loss policy - you MUST have one and practice, more practice and even more practice at sticking to it. It will not be easy but it is an essential discipline to profitable trading.3. Trading plan / system. Again, you MUST have one! Then you must practice sticking to it. Do not try and second guess or trade against your indicators - wait until they give you a concise signal before acting on it.4. TRADE WITH THE TREND. DO NOT trade against the hourly trend of the market unless you are VERY certain the market has turned. Check this by watching a long term moving average (say 80 SMA on 15 minute chart)Have a good day ～
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