Acha Etiendem

Hello! My dearest reader, for starters, this is one of that my thought about finance. So, be my guest if you wanna stick around. I understand you may not be interested in finance and of course, you're welcome to kiss this post bye. It's midnight my time and though I cherish the serenity of this hour because of the clarity of thoughts I have when all is dead silent, I still do wanna sleep. Oh! let us get to it haha It is not surprising to say that you must have heard someone say "Information is key". Indeed, I can say without an iota of doubt that information really is key and go further to include that info is money. I have had these words uttered to me countless of times and today, after missing out on a big market opportunity because I wasn't timely enough to get the info, I really had to wait till this hour to flush down these words you're reading. According to Investopedia, the Nikkei is short for Japan's Nikkei 225 Stock Average, the leading and most-...

Hello dear, welcome to my little space. Is this your first time or are you a regular reader? In either case, I wish you a warm welcome.  A new market opportunity was presented to us by CPI; but first, I believe I have talked about this CPI subject before. It measures the price US citizens pay for goods and services. And from the name itself, you can see that it's an index, meaning it comprises many things. These many things are a basket of goods to put it simply; from fuel to bread and automobiles. All these goods are measured for each month, averaged, and released early the next month. Here, we'll be talking about the just-released figure. Though released in July, it represents the measurement for June 2023. We all saw that US consumers are beginning to see the prices of their goods and services drop. Indeed it's been tough past months beginning in early 2022, when CPI/inflation hit 9.1%. This meant an economy that was growing too fast and was going to get out of control f...

Hello dearest reader, thanks for coming to my house. As I welcome you now, I hope you'll come again to read a little of what I think is necessary for every person to understand. Let us get into what I have to share here and now without further ado.  What is pain? What is suffering? and what is a challenge? Do I really need to define what these powerful words mean? I don't think so haha. It is clear that there is no ambiguity when it comes to the substance these words carry. Just so we are on the same page, many will agree that a challenge is just a fancy word for a dare. I dare you and I challenge you are the same things. In this sense, I'm purporting that pain and to a greater extent suffering is but a challenge or a dare. To be more precise, these are occasions when life tests us to the fullest to see if we give in or rise above the temporary predicament or whatever that may be.  Ending of last year, resolutions were set going into this year. I had made up my mind to basi...

Hey there! I hope your week has gotten off to a marvelous start like mind. For the trading and investing nerds or just anyone interested in financial markets, this article is for you. If you're not interested in finance and still wish to read on, then be my guest.  I have written about this topic before but with different financial assets. Here, I want to illustrate the importance of understanding macroeconomics and factoring it into your trading with the help of the Australian dollar vs the Canadian dollar (AUDCAD). I have no affinity for this pair and just wish to show how a certain trader lost a trade by not following the news about Canadian consumer price index (CPI) on the 27th of June, 2023.  While scrolling through my facebook feed, I came across a post by a trader seeking to understand why his trade hadn't played out despite aligning with his smart money concept  trading style. Below, you can see how it played out. What's wrong here? was his question. The answer i...

  Hello hello! welcome to my little world/ecosystem where you can get an appreciation of what goes on in my mind. I had to write about this topic of value in the manosphere because I'm a man or at least a male. I think this write-up might end up raising more questions than me stamping my definition on the subject matter. However, I will put them out in such a way that I end up conveying my message. I will like to say, I don't think a high-value man is necessarily a man of value. That's because person A and person B need a reference frame to use in order to call something valuable or define an act as valuable. Nonetheless, we can all agree on some objective value such as you could provide some high value to society by way of business, entertainment, or invention but treat your subordinates without respect or fail to be a worthy family man. So I will personally believe for a man to be a HVM and a man of value at the same time, he must tick all the boxes. Anyways, let's ge...

Hey hey! here we're again after a while. Only read this if you're into investing, day trading, or just interested in financial markets. That being said, let's dive right in. I recently came across a social media post by Alan Edward (author of "The Blueprint to Trading Psychology") outlining two ways to change your trading game for the better. He listed two points; 1) Not following your trading plan. 2) Not Managing Risk. I'm going to be speaking now based on experience for it is said that experience is the best teacher. The only reason I think I have earned the right to speak on this aspect of consistent profitability is because of my 3 years of experience. After going through tonnes of videos, courses, webinars, articles, and books, I must say I agree with Aland E. Never for once has anyone sat down and really try to drill down the importance of those 2 points. Those two points encompass what is generally known as trading psychology. For the typical trading j...

 Hi and welcome! As I begin writing, a part of my brain is trying to figure out how to caption this piece. Well, I will just go on and write what I have in mind and hopefully, the caption will spring up along the way.  I talked about personal finance a while back because I realized how important it is to every person. I didn't just only read up about personal finance but actually got into finance itself. And as a complete newbie to the field, I must say it has been a heck of a ride. Not only have I learned how to manage my money and grow it, but I have also learned how nations and governments create, acquire, spend, and waste money haha! It is fascinating, overwhelming, and saddening at the same time.  Wow! I now have a caption. Let's continue with why I think the way I think about the world of finance. I came across a video on Youtube where a girl was explaining why there's so much wealth disparity in the world. She alerted to the fact that a country like the United Stat...

Hello folks! after meditating last night, I was asking myself why more effort is not put into people finding what their gifts are in life and decided to ask CHATGPT (https://chat.openai.com/chat) what it knew about the subject and here it is. You can go ask Chatgpt or read on to find out what it told me. How can one find his gift? when he doesn't know how to even identify his gift? Finding one's gift or talent can be a challenging process, but it is definitely possible with some self-reflection and exploration. Here are some steps that you can take to help identify your gift:  Explore your interests: Think about what activities or subjects you enjoy and feel passionate about. Write them down and try to find common themes or patterns.  Try new things: Be open to trying new activities or experiences. This can help you discover new interests and talents.  Reflect on your strengths: Think about what you excel at and what comes naturally to you. Consider what skills and abilit...

It is the first weekend of 2023. I hope you are holding up well with your new year's resolutions. I will keep this simple and short like I always do. That being said, let us dive into the meat of the matter at hand. Friday the 6th of January 2022 saw the release of the Nonfarm Payrolls (NFP) data for December 2022 by the Bureau of Labour Statistics in the United States of America (USA/US). This NFP data is basically the amount of non-agricultural jobs created per month in the US.  EURUSD 1H : 6/01/2023 I'm here to make a case for currency speculators who insist on understanding the economics behind financial markets. That is to say, NFP releases usually inject a lot of movement into markets as you can see from the large hourly candles after it was released at 8:30 am New York local time. It is important to note that this release is always accompanied by other releases such as average hourly earnings as seen below.  Some retail speculators have a religion of expecting the US do...