Winning Traders's Journal (Nigeria's Premier Foreign Exchange Magazine)

Here is the Maiden Edition of the Winning Traders Journal, the first of its kind in this region where our main focus will be on the Foreign Exchange Market. In this magazine,we discussed about Broker's News,Technical Analysis, Fund Manager's Interviews and top rated trading advises.
You can reach me through this mobile number (+2348034235889) to get a copy of this magazine.

Merry Christmas to All Forex Traders and Non-Forex Traders

Merry Christmas to all forex and non-forex traders,wishing you all the best that life has to offer,including the wisdom to be great in anything you all lay your hands on.

How To Trade Forex On News Releases, By Kathy Lien

One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday). Economic data tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U.S. economic news, but also to news from around the world. With at least eight major currencies available for trading at most currency brokers and more than 17 derivatives of them, there is always some piece of economic data slated for release that traders can use to inform the positions they take. Generally, no less than seven pieces of data are released daily from the eight major currencies or countries that are most closely followed. So for those who choose to trade news, there are plenty of opportunities. Here we look at which economic news releases are released when, which are most relevant to forex (FX) traders, and how traders can act on this market-moving data. 

My Trade Today (GBP/USD)

The chart above shows my trade for today (Click on the chart for an enlarge picture).Today I traded the currency pair GBP/USD,after a break of the resistance level. My entry level was at 1.63036 and exist level was at 1.63467 during the news release for GBP.

Strong News Release For Today

Today we will be seeing the following news release that will have a very strong impact on the market:

For GBP (Great Britain)

Wednesday, December 18th, 2013

At

    10:30 AM GMT+1....................Bank of England Minutes

    10:30 AM GMT+1....................BOE MPC Vote Cut

    10:30 AM GMT+1....................BOE MPC Vote Unchanged

    10:30 AM GMT+1....................Claimant Count Change (Oct)

    10:30 AM GMT+1....................ILO Unemployment Rate (3m)(Oct)

Africa Forex Expo,Ghana

It happened early this month in Nigeria, now it's the turn of Ghana to organize Africa Forex Expo 2014.

Yen Weakens to 5-Year Low

  USD/JPY  has climbed to a five-year high today (December 13th), as traders increasingly anticipate a taper of the Federal Reserve's quantitative easing (QE) programme following the meeting of the Federal Open Market Committee (FOMC) next week.

Photo shoots at the 1st Lagos Forex Expo Conference And Exhibition

Frm Left, Emeka Basil Omeje (CEO, Lagos Forex Expo and Director of Savannah Services) with Pastor Olubunmi Ajala aka Forex Professor

Award Presentation at The 1st Lagos Forex Expo Conference And Exhibition

Award plaques

Awards were presented at the Lagos Forex Expo Conference And Exhibition in the following categories:
(1) Best forex news provider: CNBC
(2) Fastest growing broker: XM.com
(3) Fastest growing broker in the region: ACM Gold

Day One of The 1st Lagos Forex Expo Conference And Exhibition

 

It was a great day at the Civic Center,Victoria Island Lagos, where the first Lagos Forex Trading Expo and Conference was organised. Top key players in the forex industry taught participant how to invest smarter and trade wisely.Never has Lagos experienced such kind of forex expo.

Sean Hyman's Biblical Money Code

     Sean Hyman is a former pastor and investing expert specializing in currencies and commodities. His secret to investing is woven within the Bible. Of recent news of Sean Hyman hacking what he calls the "Biblical Money Code" has gone viral. Sean's ability to predict precise moves in the stock market was once laughed at, when he appeared on Bloomberg Television predicting that the stock could go down to $11 a share, and would quickly rise to $25 per share and after that would rally to $40 per share over the next year, during which Best Buy (BBY) was dropping to all-time lows of $16 a share.