Economy
Essential Skills of Master Traders
Trading is one of the most decent professions in the world where the first thing you have to know about is how to trade safely. This is the riskiest market in the world and making any mistake means the risk exposure increases.
Becoming a trader is not a hard task but if you want to be a profitable trader and earn a decent amount of money from trading, you must have to be a master of trading, while having a good invoice template is an added advantage. No one is born a master trader. Rather, they increase their analytical skill through lots of practice.
A trader who trades with a big investment capital and dresses well doesn’t mean he is a master trader rather than a master trader who has certain criteria which makes them different from other traders and very few traders can reach that level in trading. In this article, we are going to talk about a few essential skills that differentiate a random trader from a master trader.
Research and Analysis
If you want to be successful in trading, you need to have to be keen on both fundamental and technical analysis. A master trader can go through all the variables that can affect the trading market and opens a position by taking proper safety measures.
They research in a way that enables them to identify the impact of factors on the market more accurately. Master traders develop their trading skills in such a way that they can use the market information to their advantage no matter which trend is going on.
The CFD market is so volatile that only by doing research and acting accordingly to it is not enough by itself. You need to have analytical skills which will give you the power of communicating with the market.
To becoming a master trader we suggest that you not give more focus on money rather than focusing on taking action at right time. A master trader mainly focuses on the movement of the market rather than how much profit they want to make from a signal.
Adapting the market with changing market condition
The CFD market is the most volatile market where the market never stops his movements rather than the market makes slow or fast movements. Due to that, a trader can find potential signals every minute but as different traders trade differently, finding a trade according to your trading personality is quite hard if you cannot adapt yourself with all types of market conditions.
Like if there is a slow movement in the market, a scalper might not think about trading at that time but a day trader can find a signal from that type of movement. This is where a master trader has an advantage because they can develop themselves in such a way that they can adapt to the market in all type of market conditions.
This is why the market can change frequently but a master trader in the Mena region will always be able to find a potential opening position. You can also read more about the elite traders on the Saxo Bank website.
Staying alive in the game
In the CFD market, you can only make money. Without a decent balance, you cannot even open a position. We all know trading is not a safe profession but it is true if you know trading and you can keep your account balance safe, you will earn money eventually. But you cannot trade without any risk. You should follow a risk management plan to reduce your risk exposure.
A master trader always tries to stay in the trading game by following a well-maintained money management rule and they never take unnecessary risks which increase his risk exposure. He knows that he can only earn a decent amount of money if he has a decent amount of trading capital.
So, if you are a new trader and want to reach the rank of a master trader, try to improve your skills step by step.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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