Actualise forex factory

Okorafor dismissed reports in the media indicating irregularities in the purchase of forex, stressed that the CBN neither allocates foreign exchange nor deals directly with bank customers. In a related development, the apex bank has begun disbursing the N50 billion earmarked for the revamping of textile sector. Abari who bared his mind in a chat with Daily Sun, at the weekend, enjoined agitators to embrace constructive dialogue with government, and religious leaders across the country to use their positions as spiritual heads to de-emphasise hate and violence.

Lamenting the tendency among Nigerians to be violent, he disclosed that the agency has gone into partnership with de-radicalisation experts from the military and local and international institutions to help in this area.

The agency is also collaborating with schools to revive the teaching of civic education as it would help youths to imbibe good morals that would make them good citizens of the nation. Making this known in a one-day train-the-trainers workshop organised in Abuja by the horticulture division of the ministry, the Permanent Secretary, Dr.

Shehu Ahmed, said that the training of extension workers and beekeepers nationwide was key in bee-keeping for sustainable livelihood, revenue generation and job creation for serving and retired civil servants. Ahmed, who was represented by the Deputy Director Horticulture , Mr. Mike Kanu, added that the ministry would need sufficient fund in order to actualise the goal, as it is does not have the required fund at the moment.

Desk officer in the honey value chain of the ministry, Mrs. Patricia Odin, noted that the workshop was the first of its kind in the country, and it was intended to bring about increase in crop yield, add value to family nutrition, increase revenue generation and create employment for unemployed youth. NCC: NCC threatens telecom operators with sanctions From Wole Balogun, Ado Ekiti Nigerian Communications Commission NCC has advised telecommunication providers to improve the quality of their service, warning that the regulatory agency was aware of the shortchanging of Nigerians and would not hesitate to impose stiff sanctions on operators exploiting the system through poor network service and arbitrary charges.

Speaking during the gathering, the Ekiti Sector Commander of the Federal Road Safety Commission FRSC , Mr Ismail Kugu, noted that network failure, had, on several occasions, led to loss of human lives on highways, when his men found it difficult to link up with relevant agency for evacuation of accident victims. However this temptation goes against the foundations of probability trading, in that the probabilities are only significant over a larger number of trades.

An affordable risk profile will allow us enough trades with our account, to have a drawdown tolerance that is affordable and comfortable for long-term growth. Hence, all traders and investors need strict risk management — it allows us to make a statistically significant amount of trades, and preserve our account capital to be available to make enough trades to actualise our edge. Continual feedback The Risk Manager Indicator is designed to keep this risk information presented to us on-screen whatever we do, so that we have constant awareness of when we are working within our pre-set and reasonable boundaries and when we have exceeded them and are increasing our likelihood of intolerable levels of drawdown or, worse still, risk losing an entire account.

Evolving trade risk Most new traders will overlook the evolving risk while they are in a trade — which increases as price moves closer to your profit target and decreases if price moves closer to your stop loss level. Professional traders use this knowledge of evolving risk for any given trade setup and expectancy to scale-in and scale-out of a trade.

In the same respect, when price moves towards their profit targets, if price-action suggests an earlier reversal than previously expected then they might close increasing parts of the trade to lock-in profits to stay within their risk profile, but allow the reducing amount left trading to continue knowing part of the trade has already paid for itself.

How do we use it? Traders can be coy about their strategies and risk profile, however, we think it is better to be open and frank about when we follow rules, and when we might break them. So we have up to 6 trades available in our plan to take the most from evolving price-action opportunities and to average in and out of trades based on confirmed signals within the trade.

However, if we have open trades, and price-action bias begins to change direction convincingly around our entry level, we will close in our profit targets, typically to near or within the entry level, so that we have a chance to exit the trade with minimal losses based on the new price-action bias. Of course, occasionally we might on a very rare occasion invert our trade bias but we recommend this is only something you should ever consider when you are very experienced, certainly using strict risk-management, and never, ever do it more than once on a setup — to avoid getting see-sawed out of a consolidating or ranging market.

Finally, we manage our open order book using the same risk limits so that we can place multiple trades on correlated instruments, taking the first trades to trigger and preventing excessive risk trades from executing once our risk tolerance levels are reached for open trades. We strongly recommend that risk management is the most important aspect of successful trading, and conducting your trading with strict risk discipline will make your experience much less stressful, more enjoyable and professional.

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Next article Forex Disco gives reasons actualise prolonged power outage in Lagos. Bearing in mind the Forex Factory calendar is free to use so there can sometimes be a lag. A Bloomberg Terminal would almost certainly deliver the news quicker, but it costs thousands of dollars per month, something most retail traders cannot afford.

If there is a lag, use an alternative news source as a backup option or if the currency price has already moved, then skip the trade. How to trade the news Forex traders compare the actual data result with the forecast as well as the previous reading. All else being equal the economic news should affect the currency as follows….

Forex Factory ranked this as a high impact news event. The result of this data should be to send CAD lower. News tab on Forex Factory Of course, forex trading is not as simple as the above example and extra precautions should be taken. For example, Forex Factory also has one of the most popular places to find economic news and financial market news on the internet. Before trading the news, the forex trader might do well to read market analysis about the Canada CPI data release before it comes out.

In this example, ING Bank produced an article previewing the economic data release. Other features can also be useful supplementary information such as the Forex Factory sentiment indicator. This can be done with a price chart like those available on the FlowBank trading platform. And of course, this is not exclusive to one forex pair. A demo trading account provides the perfect venue to practice such a trading strategy before trading live.

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