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Technical Analysis in Trading: A Beginner’s Guide

Technical analysis is a trading discipline that analyses investments based on price movements, historical trends, and market data. Unlike fundamental analysis, which examines economic and financial factors, technical analysis focuses on patterns and statistical indicators to forecast future price movements. This guide explores the key aspects of technical analysis and how traders can apply it …

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Fundamental Analysis in Trading: A Beginner’s Guide

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Trading in financial markets involves analyzing assets to determine their potential future value. While technical analysis focuses on price movements and patterns, fundamental analysis examines economic, financial, and qualitative factors to identify an asset’s true worth. This guide explores the core aspects of fundamental analysis and how traders can use it effectively. What is Fundamental …

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When Does the Forex Market Open in Nigeria: A Comprehensive Guide to Forex Trading Hours and Strategies

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Introduction to Forex Trading in Nigeria The foreign exchange (Forex) market represents a dynamic and complex global financial ecosystem that offers unprecedented opportunities for Nigerian traders. As Africa’s largest economy continues to evolve, understanding the intricacies of Forex trading has become increasingly important for both individual investors and financial professionals. The Significance of Forex Trading …

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How the Forex Market Works and When It Opens

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The foreign exchange (forex) market is where banks and individuals buy, sell, or exchange currencies. It’s the largest financial market in the world, according to the latest reliable data from 2022, when global daily trading was $7.5 trillion. It is a global decentralized platform where currencies are traded. Unlike traditional stock markets, which operate on …

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Daily Market Analysis 17.05.2023: GOLDs+

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Instrument: GOLDs+ Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 1993.77 with take profit at 2002.22 Bearish Preference: A sell position is envisaged if price trades below 1982.19 with take profit at 1973.31 Fundamentals:No high-impact fundamental affecting the instrument Comment: Gold prices traded below key levels on Wednesday as uncertainty over the U.S. debt ceiling sparked …

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Daily Market Analysis 17.05.2023: EURUSD+

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Instrument: EURUSD+ Technical Analysis Bullish Preference: A buy position is envisaged if price trades above 1.08768 with take profit at 1.08904 Bearish Preference: A sell position is envisaged if price trades below 1.08290 with take profit at 1.07927 Fundamentals:No high-impact fundamental affecting the instrument Comment: The U.S. dollar traded higher in early European hours Wednesday following hawkish comments from a number …

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Daily Market Analysis 16.05.2023: GOLD+

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Instrument: GOLD+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 2008.55 with take profit at 2011.50 Bearish Preference: A sell position is envisaged if the price trades below 2004.88 with take profit at 2002.86 Fundamentals:1:30 PM U.S.D Core Retail Sales m/m 1:30 PM U.S.D Core Retail Sales m/m Comment: Gold prices started the week on …

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Daily Market Analysis 16.05.2023: OIL+

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Instrument: OIL+ Technical Analysis Bullish Preference: A buy position is envisaged if the price trades above 75.41 with take profit at 75.53 Bearish Preference: A sell position is envisaged if the price trades below 74.98 with take profit at 74.87 Fundamentals:No major Fundamentals Comment: Crude oil nudged slightly higher on Tuesday after notable gains in the North American session after it …

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Daily Market Analysis 14.04.2022: US100

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Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14263.13 with take profit at 14291.82 Bearish Preference: Sell position is envisaged if price trades below 14191.85 with take profit at 14144.01 Fundamentals:1:30pm USD Core Retail Sales m/m USD Retail Sales m/m USD …

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Daily Market Analysis 21.01.2022: US100

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Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14841.91 with take profit at 14878.24. Bearish Preference: Sell position is envisaged if price trades below 14668.88 with take profit at 14627.36. Fundamentals:5:30pm USD Treasury Sec Yellen Speaks Comment: Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about …

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