Posts

breaking news this afternoun

Image
  former finance minister A former Minister of Finance, Olusegun Aganga, has explained that the naira would continue to be weak if the country remains an import-dependent country. Aganga speaking on Thursday at the 3rd Adeola Odutola lecture, during the 51st Annual General Meeting of the Manufacturers Association of Nigeria on Thurday said Nigeria must produce for local consumption and more importantly for export, for the naira to be strong. The PUNCH reports that the local currency fell from about 450/dollar to an average of 760/dollar following the exchange reforms of President Bola Tinubu. The local currency plunged to 1045/dollar on Thursday at the parallel market. Related News  Rising costs pose threat to manufacturers, says MAN  Wale Edun: Bright star for Tinubu’s economic agenda  Fuel subsidy: Nigerians to get N5,000 transport grant after removal – FG But Aganga speaking on the free fall  naira said, “What is the wisdom in spending billions defending the naira when it continues

Forex Analysis

Image
  Best Forex Trading Technical Analysis Software Alexandros Theophanopoulos Oct 16, 2023 9 Min read When you start to trade Forex, you will discover that success depends on making choices based upon certain rules. These rules are usually delivered by your  trading strategy , as there is no successful trader that could achieve consistent profits by simply predicting the market moves on their own. When developing a trading strategy, many people rely on technical analysis. If you imagine that Forex trading is a job, you can always count on doing your job better when the right set of tools is available to you. This is where Forex  technical analysis  software comes in handy. With great software you can eliminate the need for unnecessary calculations, the determination of vague patterns, and you can generally improve your  trading strategy  from a technical perspective. What you have to remember is that such analysis can either be favourable or unfavourable for you, depending on the set of