Analyse, stay calm, trust your analysis, and let the market come to you.
Patience, discipline, and a clear mind will always beat emotions.
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I congratulate my friend and brother, @AlikoDangote, on the remarkable achievement of the Dangote Petroleum Refinery reaching its full 650,000 barrels per day capacity.
More importantly, it is transformational for Nigeria and Africa. Supplying up to 75 million litres of PMS daily changes our energy narrative and conserving foreign exchangez
With domestic refining now firmly underway after decades of reliance on imports, pressure on the foreign exchange market should ease significantly. I am optimistic that the naira will strengthen meaningfully, and trading below ₦1,000/$1 before year-end is increasingly within reach.
Aliko is not stopping here. He has embarked on an additional $12 billion expansion to increase refining capacity to 1.4 million barrels per day, alongside 2.4 million tons of polypropylene and 400,000 metric tons of Linear Alkyl Benzene for detergent production. Work has already commenced in earnest.
Congratulations once again, my brother. Nigeria is proud of you 🏭🙌🏾… F.Ote💲
Nigerians are starting to enter forex trading with big dreams but zero structures ..and that’s where the problem is…
With my years of experience, I will share few tips with you if you’re to start forex trading and be profitable
First, understand that forex is not quick money. It is a skill and you need a mentor . The same way you study law, medicine, or tech, trading requires time, practice, and discipline. If someone enters because they want to flip ₦50k to ₦5 million in one week, they will most likely lose everything. Start with the mindset of learning, not earning. A mentor is highly recommended
Second, learn before you deposit. Don’t fund a live account just because you saw someone post profits on Instagram. Use a demo account first. Understand how pips work, lot sizes, risk management, stop loss, and take profit. Many beginners lose simply because they don’t understand position sizing.
Third, risk management is more important than strategy. Even a good strategy can fail if you risk too much per trade. A beginner should not risk more than 1–2% of their account on a single trade. This is what keeps you in the market long enough to grow. Protecting capital is your first job.
Fourth, start small. If you cannot trade ₦50,000 consistently, you cannot manage ₦5 million. Grow gradually. The market rewards patience, not greed.
Fifth, control your emotions. Forex is 70–80% psychology. Fear will make you close trades too early. Greed will make you overtrade. Revenge trading after a loss will destroy your account faster than anything else. If you lose a trade, step away. The market will still be there tomorrow.
Nollywood actor Pete Edochie have just passed away at the age of 78. after being rushed to the hospital last due to unknown circumstances
his elder son have confirmed the passing of Pete Edochie this morning on his IG. It’s was a tragic moment he said , rest in peace sir💔