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Robert

My name is Robert Okeke and I am the thoughts and opinions behind this website. A number of years ago, I started reading about the economy here in Nigeria and the impact the world economy has on the way our currency and commodity prices change over time. I have always had an interest in statistics and mathematics, so this was a very appealing area for me to study.

Financing your Nigerian forex trading activity

Following the dip in oil prices over the last 20 months, Nigerians are in a major foreign exchange impasse. The Central Bank of Nigeria (CBN) reports that its monthly forex earnings have dipped by 69% in this period, and US dollar reserves are fast depleting while Nigeria’s import bill stays …

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What now for the Naira?

The Nigerian Naira has continued its decline since mid-June of 2015, as crude oil prices tested a $115/bbl price level before it came crashing, which saw the international price of the black gold at $44.25 in early September 2016 and successfully terminating a 4-year successive run over $100 in the …

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Forex Trading Basics

In order to understand how forex trading works, this short article explains the most important terms that we’ll be using on a daily basis when trading forex. Firstly, let’s look into what Forex stands for: Forex or Foreign Exchange is the marketplace where all the world’s currencies trade and is …

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Forex Technical Indicators

What are Technical Indicators? Technical indicators analyze short-term price movements of a currency or any other instruments. The technical Indicators are derived from applying a formula to the price data of any currency pair and from that predict future price levels or simply the general direction of a currency. Used …

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Chart Patterns (Charts Part 2)

This is a continuation of our article about chart types.  Before we look at the patterns and how to predict market movements, it is a good idea to give this first article a read. What is a Chart Pattern?  “Patterns are the distinctive formations created by the movements of security …

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Chart types (Charts – Part 1)

In technical analysis, a chart will help you make an informed decision quickly and it offers you a unique perspective on the market action. In this article we’re going to look into the most popular types of charts in Forex trading which are as follows: Line Charts; Bar Charts; Candlestick …

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Seven Reasons to Use the JForex Platform

JForex is a trading platform developed by Dukascopy Bank, which is one of the largest retail brokers in the world. It’s one of the original ECN brokers supporting retail traders. The JForex platform is based on Java – one of the most well-supported and friendly programming languages. This means that …

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Seven reasons to use the Meta Trader platform

MetaTrader is a platform used for trading the Forex market that enables its users to analyze the financial markets using interactive charts and the latest technical indicators. MetaTrader is probably one of the most recognizable Forex trading platforms and one of the most popular Forex platforms among retail traders. It …

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Outlook for the majors in a troubled world

In the post-Brexit environment, the Forex market is characterized by sudden bursts of volatility and erratic price behavior. We’re obviously going through a transitional period with exceptionally volatile markets in the aftermath of Brexit, the European migrant crisis, Turkey’s failed coup, troubled Middle East, ISIS, multiple terrorist attacks engulfing Europe, …

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Should forex traders consider spread betting?

So, how is spread betting different to normal trading? There are many benefits to spread betting rather than regular trading. They include immediacy of outcomes, the cleverness of the trading programs, and the clarity of the pricing. The last is because the spread betting trader is only concerned with two …

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