Economy
Ways To Improve Your Forex Trading Strategy
Forex trading can be extremely lucrative – if done correctly. However, most traders exit the market following the first losses out of fear that they will never turn a profit on their investment.
Staying committed to forex trading and constantly working to improve your skills can soon result in you becoming a successful trader. Here are some steps you can take to better your trading strategies.
Define Your Goals
Before you start trading, be clear as to what your ultimate goals as a trader are. These can include performance goals or maybe process-oriented goals. Once you have decided on your goals, you will then be able to choose which trading strategy allows you to meet these goals the best.
After setting your goals, you should also track and measure your progress. This will help you keep a clear eye on your strategy – as you’re tracking the progress, you’ll be able to determine how successful you currently are instead of passively waiting until you reach (or do not reach!) your goals.
Additionally, tracking your goals keeps you accountable and makes it easier for you to change your strategy if and when necessary.
Choose Your Broker Carefully
Nowadays, most forex traders have online brokers. If you are only just entering the forex trading market, you will have to choose a broker to help make online trading easier for you.
When choosing a broker, there are several considerations you should keep in mind. These include what fees they charge, whether certain forex brokers require a minimum deposit before you start investing, and how long (and how expensive) withdrawing funds is. You will also have to consider how easy-to-use their trading platform is and what markets and products you can invest in via their platform.
Determine Your Entry and Exit Points
Entry and exit points are the price points at which you buy and sell a product. The lower the entry point and the higher the exit point, the greater your profits.
Deciding on entry and exit points will make it easier for you to keep the course with a given investment, as you will have a strategy for when you should sell. There are various ways to determine the optimal entry and exit points, including charting pattern entry signals and using trendlines. Aside from allowing you to maintain your commitment to investment, even in challenging times, it also makes it easier for you to exit the investment before it starts to lose value.
As a forex trader, you will need to become comfortable with losing periods. Like all investments, there will be times when it seems like you are losing money rather than making a profit.

However, if you are comfortable with losses, you will be able to stay the course and make a profit over the long term. Additionally, you will become a more refined and skilled trader by keeping to a clear investment strategy. That said, make sure to forward and back-test your strategies before you apply them to the live market, so you reduce the risk of losses.
With practice, focus, and commitment, you’ll soon find that starting as a forex trader is one of the best decisions you have ever made!
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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