A parallel market in foreign exchange (FX) refers to an unofficial marketplace where currencies such as USD, GBP, and EUR are traded for the local currency outside the regulated channels. It closed at $/1,685 at the time of this publication. In Nigeria, this market exists alongside the official FX market, often exhibiting a significant disparity between … Read more
Nigerian traders are fortunate to own MetaTrader 4 and 5, which are widely regarded as the industry’s superheroes. These platforms are similar to Superman and Batman; they all have different superpowers but work together to help you rule the financial markets. Explore the world of MT4 and MT5 with me to see how these giants … Read more
World’s most popular trading platforms are MetaTrader 5 (MT5) and MetaTrader 4 (MT4). Millions of traders worldwide use either of the two for their trading decisions. Developed by the world’s most popular trading platform, MetaQuotes Software Corp., millions of traders use them daily and enjoy superior service. But what is the difference between these most … Read more
As a trader of forex, commodities, and stocks, you need to have a grasp of MetaTrader 5 indicators, which would help you identify the right time to enter or exit a market. Apart from knowing when to enter and exit, MT5 indicators will also help you to provide insights into market trends, give you insight into trading opportunities, … Read more
Some of the unique features of a trading tool called MetaTrader 5 include automated trading, multiple open positions, multiple analytical tools, currency charts, and accurate technical analysis. What is MetaTrader 5 Also known as MT5, MetaTrader 5 is a platform that allows you to use algorithmic trading applications to automate trading of Forex, Contract for … Read more
Introduction to MT4 Trading Metatrader 4, often referred to as MT4, is an electronic trading platform that has gained substantial popularity in the retail foreign exchange sector. It was expertly developed by MetaQuotes Software and made its first appearance in the market in 2005. Since then, it has become a go-to platform for traders all … Read more
Forex CFD trading promises opportunity and excitement for those looking to diversify their portfolios and take advantage of the enormous potential of the global currency markets. However, entering this field demands more than desire; it also requires a deep understanding of the regulatory landscape, market nuances and risk management strategies. This article explores all you … Read more
Forex traders rely on different tools and resources to navigate the dynamic currency market. These tools provide crucial data, make trading easier, and perform other functions that make them invaluable to modern-day traders. Some of them include trading platforms, charting software, market analysis tools, risk management tools, and economic calendars that all perform different functions … Read more
The exchange rate and value of a currency is determined by several factors, including inflation rates, political stability, foreign exchange policy, interest rates, and demand and supply. Exchange rates impact international trade, especially for a country that largely depends on importation and overall economic stability. Here are the most important factors that can influence the … Read more
The Foreign Exchange Trading Licences of Guaranty Trust Bank Ghana Limited (GTB) and FBNBank Ghana Limited have been suspended for a month over breaches of the country’s foreign exchange regulations. In a statement obtained by infomediang.com, the Bank of Ghana (BOG) says the suspension of the FX trading of the two Nigerian-owned banks is for … Read more