2529 ’Kunle Adeyeri Nigeria as a hypothetical example, the dwindling revenue from crude oil has called for alternative revenue sources. Hence, there have been calls to look inwards into agriculture, solid minerals and tourism sectors as major earners to shore up the country’s battered economy and plundered reserves. In view of this, the citizenry have been badly affected or worse off financially. People are looking towards diversifying their resources to bring more incomes. The question is what alternative? The capital or stock market is nosediving daily leading to shed in ALSI and market capitalisation. Share or stocks are nearly worthless and investing in the capital market is yielding negative response. Yield or interest on deposits is not encouraging as rate has been maintained at 11 per cent by the apex bank. Here, I will do a comparative analysis of returns on investments and point out the reasons why you should invest in forex trading in 2016 or acquire the sound knowledge to be a forex trader. Three investors A (Capital market), B ( Bank Fixed Deposit) and C (Forex Trading) with investment of N1m each in a year will be analysed. Investor A with current dispensation and trend in the market may possibly have his investment at a loss of close to 50% of capital. Investor B will earn a yield of at least N110,000 or more if on compounded interest. Investor C can possibly earn a staggering yield of 10 per cent per month and 120 per cent per annum if well managed or traded with good risk and money management. Without an iota of doubt, all options are possible. Investors A and B might not be in full control of their investments management or growth while Investor C is much more in control than A and B. All is needed is good technical knowhow of the market and strategic risk management. This is the second time I am confidently saying it can be done and I can do it. Avail yourself the opportunity of well properly managed investment with fairly good returns. Also for new traders or those needing strategic trading styles, it is time to enrol for training. Forget the fear of losses and brace for the challenges of success. Good omen for the year 2016! The first signal or market tips for the year for week Monday January 25th to Friday January 22nd, 2016 all made their TPs hundred per cent and some their EPs whereby entry levels have been advised at trader’s discretion. It confirms the readiness I spoke about that you are in for a good year as a prospective investor and trainee with me. The signals for the next two trading weeks have many opportunities. Training for readers or prospective trainees have been re-scheduled on demand to start by February 8, 2016. Online and classroom (weekdays and weekends) lectures are available. Visit www.kardsfx.com for details. As you take a good investment decision. I wish you a Happy profitable 2016. TRADING TIPS/SIGNALS FOR THE WEEK MONDAY FEBRUARY 8 – FRIDAY FEBRUARY 19 , 2016. Entry Suggested Entry Price (SEP) and exit Take Profit/Stop Loss(TP/SL) could also be at trader’s discretion. Entry (SEP) and exit (TP/SL) may also occur on or before or in-between the stipulated period. Money management strictly is advised. EURUSD (BUY LIMIT): Suggested entry 1.1066 – 1.1153 [email protected][email protected] Expected pull back downward may occur before SEP. USDCHF (SELL LIMIT): Suggested entry 0.9967 – 1.0000. [email protected][email protected] Expected pull back upward may occur before SEP. GBPUSD (BUY LIMIT): Suggested entry 1.4450 -1.4490. [email protected][email protected] Expected pullback downward may occur before SEP. AUDCAD (SELL LIMIT): Suggested entry 0.9860 – 0.9900. [email protected] Expected pullback upward may occur before SEP. EURJPY (BUY LIMIT): Suggested entry 129.70 – 130.33. [email protected][email protected] pull back upward may occur before SEP. EURAUD (BUY LIMIT): Suggested entry 1.5560 – 1.5600 [email protected][email protected] Expected pull back downward may occur before SEP. Visit our website www.kardsfx.com or Ikeja office (2nd Floor. 67 ObafemiAwolowo Way. Opposite Olowu Bus Stop) for more assistance on your investment or account management, account opening and training . Terms and conditions apply. Training commences Monday February 8, 2016. Call 01-3429029, 08039391041, 08148405500 or send a mail for details to [email protected] or [email protected]. Copyright PUNCH.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: [email protected]
Dollar back on defensive as stocks head lower
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing, China, January 21, 2016. Reuters/Jason Lee The dollar turned lower against the euro in Europe on Monday as stock markets resumed their decline, wiping out gains based on Friday's U.S. jobs report. A rise in oil prices during Asian trading helped commodity-linked currencies like the Australian and Canadian dollars gain, but that advance faded as crude turned lower. Concern over economic growth last week drove the dollar to its worst performance in more than four years, until solid numbers on U.S. unemployment and wage growth helped it stabilize on Friday. "Ultimately the dollar is still likely to trade on a weaker footing," said Lee Hardman, a currency economist with Bank of Tokyo-Mitsubishi-UFJ in London. "We adjusted lower on the outlook for U.S. growth last week and obviously the data on Friday showed the labor market is improving. But we need to see evidence of that continuing." The Aussie dollar was up 0.5 percent against its U.S. counterpart by 4.43 a.m. ET AUD=D4. The Canadian dollar gained 0.2 percent CAD=D4 and the Norwegian crown a quarter percent against the euro. The euro rose 0.2 percent to $1.1179 EUR=EBS while the dollar was flat at 116.92 yen, giving back some earlier gains. JPY=EBS Against a basket of currencies, the dollar fell 0.2 percent to 96.847 .DXY. Even after Friday's gains, the dollar lost 3.6 percent against the yen last week, its biggest weekly drop since July 2009. It had been under broad pressure as the market priced out the risk of rising U.S. interest rates this year. Worries about slowing global growth and a loss in U.S. economic momentum in the fourth quarter have convinced many the Federal Reserve will not raise rates anytime soon. "What we are seeing today is a correction after overwhelming selling in the dollar we saw last week. It is just unwinding of positions, not fresh bets against the yen," said Koichi Takamatsu, executive director of forex trading at Nomura Securities. The other big risk of the past month for markets - China's problems with growth, debt and preventing a large currency depreciation - may be on hold for the week-long Lunar New Year holiday. Data over the weekend showed the decline of Beijing's foreign exchange reserves slowed to just below $100 billion last month. Expectations were for a much worse figure. Analysts said the numbers were still a warning that Beijing must stem a flight of domestic capital or be forced to allow the yuan CNH= to weaken. "My impression is that there is virtually no reserve armory big enough to cope with widespread capital outflows, if capital is allowed to flow relatively freely," Societe Generale strategist Kit Juckes said in a morning note. "Which is just to say that even if the market does calm down over the festive period, this is a story which will return." (Editing by Larry King)
Advanced Forex Trading Strategies: Harmonic Trading
Advanced Forex Trading Strategies: Harmonic Trading In the next section of this advanced trading tutorial we look at harmonic trading, which is even more obscure in terms of generalized popularity in the market. Harmonic trading uses various Fibonacci retracements in combination with one another in order to determine where the reversal point is likely to unfold. One of the benefits of harmonic trading is the fact that it enables traders to structure positions with very tight stop losses. On the negative side, this means the market does not need to move far to stop out your trade. But on the positive side, it means that you will be able to limit your losing trades so that they will have a very small impact on your overall trading account. Most expert traders agree that this benefit far outweighs the potential negative of getting stopped out in the losing trades. Harmonic Pattern Structures In contrast to the main Elliott Wave structure, harmonic patterns have several different structures. In the chart graphics below, we outline some of the most commonly used harmonic patterns: Chart Source: FiboGroup These images show various reforms of the BULLISH harmonic pattern. In order to visualize the BEARISH reforms of these patterns we would need to simply turn these patterns upside down. All of the calculations and Fibonacci retracements involved would be exactly the same. Each of these patterns unfolds using a series of four points: A-B-C-D. The D-point represents the reversal zone and this is where you buying or selling entries would be taking place when using these patterns. The above graphic shows four of the most common structures: the Gartley, the Crab, the Butterfly, and the Bat. Each structure uses different Fibonacci calculations but the methods for trading these patterns is essentially the same. Trading Structure Traders are waiting for the leg structure to unfold before placing a trade based on the assumption a reversal is imminent. Reversal patterns are usually excellent for risk and reward ratios but it is important to understand that you will be fighting against the dominant momentum in the market in order to get the better pricing for your trade. As with anything, there is a give and take to these types of trades. But expert traders have spent decades perfecting both of these trading strategies and the strong performance record tied to each method is evidence of their overall efficacy. It is generally a good idea to start trading these patterns using a demo account until you feel you have perfected the process. * Please do NOT contact this lister about other services, products or commercial interests.
Dollar back on defensive as stocks head lower
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing, China, January 21, 2016. Reuters/Jason Lee The dollar turned lower against the euro in Europe on Monday as stock markets resumed their decline, wiping out gains based on Friday's U.S. jobs report. A rise in oil prices during Asian trading helped commodity-linked currencies like the Australian and Canadian dollars gain, but that advance faded as crude turned lower. Concern over economic growth last week drove the dollar to its worst performance in more than four years, until solid numbers on U.S. unemployment and wage growth helped it stabilize on Friday. "Ultimately the dollar is still likely to trade on a weaker footing," said Lee Hardman, a currency economist with Bank of Tokyo-Mitsubishi-UFJ in London. "We adjusted lower on the outlook for U.S. growth last week and obviously the data on Friday showed the labor market is improving. But we need to see evidence of that continuing." The Aussie dollar was up 0.5 percent against its U.S. counterpart by 4.43 a.m. ET AUD=D4. The Canadian dollar gained 0.2 percent CAD=D4 and the Norwegian crown a quarter percent against the euro. The euro rose 0.2 percent to $1.1179 EUR=EBS while the dollar was flat at 116.92 yen, giving back some earlier gains. JPY=EBS Against a basket of currencies, the dollar fell 0.2 percent to 96.847 .DXY. Even after Friday's gains, the dollar lost 3.6 percent against the yen last week, its biggest weekly drop since July 2009. It had been under broad pressure as the market priced out the risk of rising U.S. interest rates this year. Worries about slowing global growth and a loss in U.S. economic momentum in the fourth quarter have convinced many the Federal Reserve will not raise rates anytime soon. "What we are seeing today is a correction after overwhelming selling in the dollar we saw last week. It is just unwinding of positions, not fresh bets against the yen," said Koichi Takamatsu, executive director of forex trading at Nomura Securities. The other big risk of the past month for markets - China's problems with growth, debt and preventing a large currency depreciation - may be on hold for the week-long Lunar New Year holiday. Data over the weekend showed the decline of Beijing's foreign exchange reserves slowed to just below $100 billion last month. Expectations were for a much worse figure. Analysts said the numbers were still a warning that Beijing must stem a flight of domestic capital or be forced to allow the yuan CNH= to weaken. "My impression is that there is virtually no reserve armory big enough to cope with widespread capital outflows, if capital is allowed to flow relatively freely," Societe Generale strategist Kit Juckes said in a morning note. "Which is just to say that even if the market does calm down over the festive period, this is a story which will return." (Editing by Larry King)
Advanced Forex Trading Strategies: Harmonic Trading
Advanced Forex Trading Strategies: Harmonic Trading In the next section of this advanced trading tutorial we look at harmonic trading, which is even more obscure in terms of generalized popularity in the market. Harmonic trading uses various Fibonacci retracements in combination with one another in order to determine where the reversal point is likely to unfold. One of the benefits of harmonic trading is the fact that it enables traders to structure positions with very tight stop losses. On the negative side, this means the market does not need to move far to stop out your trade. But on the positive side, it means that you will be able to limit your losing trades so that they will have a very small impact on your overall trading account. Most expert traders agree that this benefit far outweighs the potential negative of getting stopped out in the losing trades. Harmonic Pattern Structures In contrast to the main Elliott Wave structure, harmonic patterns have several different structures. In the chart graphics below, we outline some of the most commonly used harmonic patterns: Chart Source: FiboGroup These images show various reforms of the BULLISH harmonic pattern. In order to visualize the BEARISH reforms of these patterns we would need to simply turn these patterns upside down. All of the calculations and Fibonacci retracements involved would be exactly the same. Each of these patterns unfolds using a series of four points: A-B-C-D. The D-point represents the reversal zone and this is where you buying or selling entries would be taking place when using these patterns. The above graphic shows four of the most common structures: the Gartley, the Crab, the Butterfly, and the Bat. Each structure uses different Fibonacci calculations but the methods for trading these patterns is essentially the same. Trading Structure Traders are waiting for the leg structure to unfold before placing a trade based on the assumption a reversal is imminent. Reversal patterns are usually excellent for risk and reward ratios but it is important to understand that you will be fighting against the dominant momentum in the market in order to get the better pricing for your trade. As with anything, there is a give and take to these types of trades. But expert traders have spent decades perfecting both of these trading strategies and the strong performance record tied to each method is evidence of their overall efficacy. It is generally a good idea to start trading these patterns using a demo account until you feel you have perfected the process. * Please do NOT contact this lister about other services, products or commercial interests.
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