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Tag: Traders

  • New Tools Are Helping Traders Make Smarter Decisions

    New Tools Are Helping Traders Make Smarter Decisions

    For the longest time, trading was more of an art than a science. It was about gut feelings, hot tips, and trying to read a market that felt chaotic and unpredictable. A “smart decision” was often just a lucky guess. But that’s changing, and it’s changing fast. A new wave of powerful tools is shifting the balance, helping traders move from gambling to making genuinely calculated choices.

    Here’s how these new tools are helping people trade smarter.

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    They Turn Guesswork into Analysis

    A basic price chart just tells you where a stock has been. That’s it. Trying to predict where it’s going from that alone is like trying to drive a car by only looking in the rearview mirror.

    Modern charting tools, however, are like a full diagnostic dashboard for the market. They let traders add layers of indicators that help answer specific questions. Instead of just asking, “Will it go up?” a trader can now ask, “Is the upward trend losing momentum?” or “Is this asset being bought up too aggressively and likely to snap back?” This allows for a much more sophisticated decision. The smart move isn’t just betting on a direction; it’s understanding the conditions of the market before you even place a trade. It lets you define your exit plan from the start. Instead of just hoping, you can say, “If the price drops below this line, my theory is wrong, and I’m out.” That’s not just trading; that’s managing risk intelligently.

    Platforms like tradingView have become central to this shift. They offer advanced charting, backtesting, and real-time collaboration tools that help traders turn raw data into actionable insight.

    They Protect Traders from Their Own Worst Instincts

    Humans are emotional creatures. And in the heat of a trade, fear and greed are terrible financial advisors. The smartest trading plan in the world is useless if you panic and abandon it at the first sign of trouble.

    This is the problem that automated trading systems are designed to solve. By setting up a strategy and letting a program execute it, traders can force themselves to stick to their original, rational plan. The computer doesn’t care if the market looks scary; it just follows the rules. This enforces discipline, which is the bedrock of smart trading. Furthermore, the ability to “backtest” a strategy – to see how it would have performed on historical data – is a huge advantage. It lets traders learn from mistakes without losing real money, which is arguably the smartest way to learn anything.

    They Make Learning a Collaborative Sport

    Trading used to be a lonely game. It was you against the world, trying to figure everything out on your own. Making a smart decision in a vacuum is incredibly difficult.

    Social trading platforms have turned this on its head. They operate like massive, open-source communities where people share their analysis, debate ideas, and point out things others might have missed. For a new trader, it’s an incredible accelerator for learning. Seeing how a veteran trader analyzes a chart or reacts to a news event provides a real-world education that no book can offer. It also fights the psychological drain of trading. Seeing that other smart people are wrestling with the same questions gives you a confidence boost that’s hard to find when you’re flying solo. A smarter decision is an informed one, and being able to tap into the collective wisdom of thousands of other traders is a powerful way to get informed fast.

    They Add a Whole New Layer of Information

    A smart decision requires good information, but for years, traders were working with an incomplete picture. They had price data and news headlines, but they were missing a huge piece of the puzzle: what is everyone else thinking?

    AI-powered sentiment analysis is now filling that gap. These tools scan millions of data points: from news articles to social media posts, to get a read on the market’s overall mood. Is the general feeling about a stock positive, negative, or neutral? This gives traders a crucial piece of context. If your analysis suggests a stock is a “buy,” but market sentiment is overwhelmingly fearful, the smart decision might be to pause and find out why. It’s a powerful reality check that can save you from walking into a trap the charts alone couldn’t show you.

    They Help Manage Risk More Precisely

    Risk management is central to smart trading, and one of the most useful tools is the stop-loss order. A stop-loss is a preset instruction that automatically closes a trade if the price moves against you by a certain amount. It’s designed to limit losses and protect your capital. Some platforms even offer features like a guaranteed stop-loss, which acts as a critical safety net. The FCA’s review of trading app design and risk controls highlights best practices for protecting retail investors. It ensures your trade closes at the exact price you specified, protecting you from nasty surprises during wild market swings.

    The bottom line is this: these tools aren’t a crystal ball. They don’t guarantee profits. What they do is provide the framework for better thinking. They arm traders with more data, protect them from emotional errors, and connect them to a global network of ideas. The final call is still up to the person making the trade, but for the first time, they have the tools to make that call a truly smart one. 

  • Price fixing: FG seeks traders’ cooperation, introduces interactive portal

    Price fixing: FG seeks traders’ cooperation, introduces interactive portal

    To curb price fixing and other unethical practices, the Federal Competition and Consumers Protection Commission (FCCPC) has appealed to stakeholders in the economy’s production and distribution value chain to join forces with the government.

    The agency has also created an interactive portal for complaints.

    The call was made by FCCPC boss, Mr. Tunji Bello, in Lagos while addressing the captains of large/small-scale industries, leaders of market associations, transport operators, and service providers, at a town hall meeting hosted by the commission.

    According to him, the one-day stakeholders’ engagement on exploitative pricing, held at the Oregun area of Lagos, was necessitated by startling discoveries made by the commission during a nationwide survey.

    “We discovered that some traders form cartels in the markets and put barriers in the form of ridiculous membership fees intended to ensure price fixing in the market. “Without joining them, they won’t allow anyone to sell goods in the market or provide services. Such practices are against the law and constitute some of the offences the Commission is against,” said the FCCPC boss.

    Continuing,  he said, “The purpose of the town-hall meeting initiative is to engage you the stakeholders in the production and retail segment of the market as well as service providers, to hear your own stories, to achieve a consensus for the benefit of all of us.”

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    The Lagos stakeholders’ meeting was a sequel to the one held in Abuja two weeks ago.

    The FCCPC initiative is coming at a time when Nigerians are experiencing sharp increases in the prices of food items and transportation costs across the country.

    While acknowledging that the exchange rate and the increase in petrol price has made the old prices unsustainable, Bello however, frowned at disproportionate increases in the prices of food items which he said are often perpetrated by ‘cartels’ to exploit consumers.

    Even though sections of the law empower the commission to deal decisively with offenders, Bello said FCCPC chose to first explore the option of dialogue to arrive at a consensus to deal with the growing trend.

    Section 17 of the FCCPC Act empowers the Commission to eliminate anti-competitive practices, misleading, unfair, deceptive, or unconscionable marketing, trading, and business practices. It prescribes sanctions including a fine of up to N10m and a jail term of three years for anyone found guilty by the court.

    To facilitate a better engagement, Bello disclosed that the FCCPC had upgraded its portal through which aggrieved consumers could lodge complaints and their grievances would be addressed promptly.

    On the economic outlook, Bello stated that the removal of taxes on imported food items, pharmaceutical products, and transportation was part of measures being taken by Tinubu’s administration to cushion the effects of the reforms introduced to reposition the Nigerian economy.

    He sought the cooperation of the traders to ensure that the consumers get the benefits through reduced prices.

    “Such laudable measures by President Tinubu would however be in vain if the benefits are not passed down to the consumers,” said Bello.

    The Executive Commissioner, Operations, FCCPC, Dr. Abdullahi Adamu, emphasised during his welcome address that the purpose of the stakeholders’ engagement was to tackle sharp practices and address the role of market associations in contributing to price hikes of goods and services.

    Adamu highlighted that President Tinubu’s administration is committed to reducing the cost of goods and services, urging stakeholders to collaborate with the government to find amicable solutions.

    “The government of President Tinubu is interested in bringing the prices of goods and services down,” he stated, calling on stakeholders to engage in constructive dialogue to achieve this goal.

    Speaking at the event, the Iyaloloja General of Nigeria, Folasade Tinubu-Ojo, echoed these sentiments, urging traders to refrain from exploitative pricing practices.

    She called on the traders to support the government’s efforts by being considerate in their pricing.

    “We need to assist the government in forcing down the prices of goods and services by being considerate and shunning the tendencies to make abnormal profits,” she said.

    The General Manager of the Lagos State Consumers Protection Agency (LASCOPA), Mr. Afolabi Sholebo, also weighed in, questioning the logic behind punitive pricing practices. “Why are we punishing ourselves? If we love ourselves so much, why are we punishing ourselves?” he asked.

    Sholebo expressed concern over the influence of market associations that often pressured traders into maintaining high prices, even when some are willing to sell at cheaper rates.

    “There is always a gang-up against some traders who decide to sell their goods and services at cheaper rates through market associations,” he lamented.

    He further emphasized the need for a shift in mindset regarding pricing.

    “We have to consider this issue of pricing. This is not the time to start arresting people. We know what is happening—some of us are our own enemies. Some people buy at cheaper prices and sell at exorbitant rates. We cannot blame the government for everything,” Sholebo concluded.

  • Somolu gives N50m grants to traders

    Somolu gives N50m grants to traders

    • HURMA praises Salawu
    • By Mistura Oseni and Elizabeth Eze

    The Chairman of Somolu Local Government, Abdul Hamed Salawu, has distributed N50,000 to 1,000 petty traders each.

    The gesture, he said, was to alleviate poverty in the council.

    According to Salawu, the initiative is a testament to the belief in supporting those who drive the local economy with dedication and resilience.

    He added that the decision to inject the funds came from a deep understanding of the challenges faced by small traders, especially in terms of financial capability to help expand their businesses which is always a barrier to grow their businesses.

    “As we give out these funds, today, Let it be a reminder that we are not just providing financial aid but also investing in the future of our community and economy. We do this to complement the efforts of both President Bola Ahmed Tinubu and Governor Babajide Sanwo-Olu,” he said

    He urged beneficiaries to make judicious use of the funds to grow the local economy.

    Salawu said besides the grants, his administration had embarked on road projects and they were due for inauguration in few weeks time.

    He said: “However, may I say that apart from this administration’s commitment in lifting up the economy, the people of Fadeyi are now happy as the Isaac John, Kalejaiye and Oyebajo road projects are nearing completion as we plan to move contractors to Shiro-oweh road afterwards. I sincerely appreciate the cooperation of the people of Ijebu-tedo/Palm Groove on the Dabira Emmanuel-Albert Road construction.

    “Between January this year and now, this administration has been able to embark on some roads and complete some such as Jabita, Ibrahim Alli and Owolabi Balogun streets as well as Oyedele, Ariyo, Tola Oduntan, Asubiaro, Vincent and Obiwunmi streets and the residents of these streets are now delighted for their roads that are wearing new look. These roads are done with interlocking paving stones alongside solar-powered lights to illuminate the streets.”

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    Meanwhile, a civil rights and anti-corruption group, Human Rights Monitoring Agenda (HURMA), has described the ongoing palliative programmes embarked upon by Salawu, as a vindication of President Tinubu’s social welfare packages for Nigerians.

    HURMA’s Executive Director, Comrade Isiak Buna, spoke during the programme.

    He comdened the political associates of the council boss for their selfishness.

    He said: “Our office has been receiving reports on how welfare packages meant for the poor people in Somolu have often been cornered by close political associates of the chairman and this is not good for the general development and relief of the people in the area.”

    Buna listed some of the monthly palliative programmes which are meant for poor and vulnerable residents to include payment of N20,000 each for 1000 people and another one for traders and artisans placed on a package of N50,000 each for 1000 persons.

    He hailed Salawu for carrying out roads construction and providing good healthcare.He commended the council management for involving the civil society in the monitoring team.

    HURMA’s Somolu Coordinator Comrade Monsur Akinremi enjoined the people on contentment and selflessness as the only way for both the government and the governed.

  • Traders praise Lagos CP over neutralised ‘kidnappers’

    Traders praise Lagos CP over neutralised ‘kidnappers’

    Ladipo Auto Spare Parts Market traders in Lagos State have presented a certificate of commendation to the Commissioner of Police (CP) in Lagos, Mr Adegoke Fayoade.

    A statement by the command’s spokesperson, SP Benjamin Hundeyin, said the traders were at the command headquarters, Ikeja, to appreciate the CP over the recently neutralised notorious nine suspected kidnappers in the state.

    In the statement made available to the News Agency of Nigeria(NAN) on Sunday, Hundeyin said the traders presented the commendation letter to the CP when they paid a solidarity visit to the command on Friday.

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    The traders, according to him, commended the CP and officers of the command, for ending the reign of the suspected criminals who had terrorised residents of the area.

    On July 4, police operatives foiled the attempted kidnap of a businessman by some suspected kidnappers.

    The police operatives in the ensued gun duel, killed nine of the suspected kidnappers at Ladipo, while two escaped with bullet wounds.

  • Traders make case for cleaner markets

    Traders make case for cleaner markets

    • By Islamiyat Ayanwale

    Traders in the Oyingbo axis of the Lagos metropolis have urged operators in the market  to take urgent  steps to scale up the cleanliness of the environment where they do business  in order to  stem  frequent closure by the authorities.

    They made the call yesterday in response to the global campaign for a cleaner world.

    The traders said much could be achieved, if they collaborate with market leaders, strengthen the control and supervision over waste concentrated areas , including pollution hotspots.

    Speaking in an interview, one of the traders, who simply identified herself as Mrs. Uche  said  she was ready to  support the government  to enhance public awareness to minimise the use of plastic bags and things that will pollute the environment.

    Her words: “Our market isn’t just a place to shop but also our house. 

    We have implemented regular cleaning schedules and are enforcing rules against littering and overcrowding. We are working closely with local authorities to ensure that all health and safety regulations are being followed. We’ve increased our cleaning staff here in the plaza side to ensure that the market stays clean and hygienic.

    “ We’re also educating vendors and customers about the importance of maintaining good hygiene to prevent the spread of diseases and the government should strengthen security presence like adding more guards and cameras to keep people safe at the plaza and outside the plaza too.”

    To prevent frequent closures, another  trader, Miss Adesuwa said she and other sellers  are  collaborating with the market authorities to improve the quality of life for local and global communities.

    Miss Adesuwa, who sells packaged  water and soft drinks at the  plaza remarked: “  “So daily cleaning of the market has been made mandatory for us. This is  to ensure a clean and safe environment for marketers and customers.”

    Another seller , Mrs Adebayo,said it was time to take bolder actions for a clean  environment  and people’s health across the markets in Lagos.  “We marketers are really taking steps to prevent the recurrence of an undesirable event that happened last year. By maintaining high standards of hygiene, making it a priority to keep our surroundings clean.On the other hand, we plead with the government to provide adequate lighting for  the  plaza area ,install street lights in the back of the plaza and guarantee a more secured  environment.”

    Read Also:Traders hail Sanwo-Olu, Mushin council chair

    According to her, the current level of  environmental pollution can cause the emergence and outbreak of communicable diseases.This,she noted, prompts the need to maintain and implement sanitation programmes.

    In line  with the government’s efforts she said  the participation from the private sector  will help to spread these programmes widely, reaching more people within the country and providing support with essential guidelines to manage personal hygiene and sanitation.

    A vegetable seller, Mrs Olayemi  reiterated that they were  working  tirelessly to  cleanliness throughout the market. Her words:  “An official has been assigned to monitor the cleanliness of the market daily and on Thursdays. If the market is found to be unclean, the official has the power to seize goods from vendors as a penalty for non-compliance.”

  • 1,075 SMEs, traders get  N100,000 UNDP cash each

    1,075 SMEs, traders get  N100,000 UNDP cash each

    Lagos State Ministry of Economic Planning and Budget, through its Social Protection Coordinating Department, has disbursed United Nations Development Programme (UNDP) N100,000 grant each to 1,075 nano businesses and petty traders.

    Commissioner for Economic Planning and Budget, Ope George, told reporters in his office, that the disbursement started on April 11 with beneficiaries in 57 local governments.

    He noted the intervention would provide capital and business support to beneficiaries registered in the state’s Social Protection Policy.

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    Beneficiaries are from Agege (48), Ajeromi-Ifelodun (52), Alimosho (53), Amuwo-Odofin (41), Apapa (71), Badagry (60), Epe (66), Eti-Osa (64), Ibeju-Lekki (67) and Ifako-Ijaye (42).

    Others are Ikeja (59), Ikorodu (58), Kosofe (45), Lagos Island (52), Lagos Mainland (59), Mushin (44), Ojo (60), Oshodi-Isolo (51), Somolu (52) and Surulere (31).

    George, on behalf of the government, thanked UNDP for the gesture, and promised to work with the organisation in uplifting poor households captured in the social register.

  • Why Brokers And Traders Love TradingView

    Why Brokers And Traders Love TradingView

    Since the internet revolutionized trading and investing, there have been dozens, if not hundreds, of innovations in the way we collect and analyze financial data. Today, charting software is at the cutting edge, and TradingView is at the top of the proverbial pyramid thanks to its user-friendly design, advanced personalization options, and educational tools.

    For new traders looking to make their first foray into the financial markets, this is an indispensable tool.

    TradingView: The Brass Tacks

    Founded in 2011, TradingView was created with the aim of helping people around the world better understand changes in the financial markets. After receiving funding from Techstars, it grew exponentially, adding features that chart the historic data of public companies, social media-esque community forums, and learning features such as paper trading. Many brokers started adding TradingView to the list of integrated software on their platforms in 2020, and since then, it has only grown in popularity… But why?

    Firstly, as a charting tool, TradingView is unparalleled in terms of customization options and data accuracy. The platform presents not only historic data and patterns, but real-time data from international financial markets. Traders formulating a new strategy or tracking the progress of their portfolio could keep all this information in a spreadsheet, or even a notebook, but TradingView is far more effective and versatile. Of course, what you get from this platform depends entirely on how well you use it.

    How To Make The Most Of TradingView

    When you first open TradingView, it’s easy to be intimidated by what you see. The chart window is awash with options and it almost offers too much information. However, once you understand the key components, it becomes far easier to use.

    There are four menus; one of each side of the main chart area which dominates the screen. The top menu has the tools to change the chart itself – for example switching between currency pairs, changing chart types, or tweaking timeframes.

    The left side menu contains visual editing tools, allowing you to mark your charts and highlight notable information, spikes, or drops.

    The right side menu shows the social options associated with the platform, as well as the alerts box and calendar.

    Finally, the bottom menu contains TradingViews specialized tools, such as the strategy tester.

    If you want to get the best results from TradingView when it comes to the financial markets, the best thing you can do is make use of their paper trading feature as you get to grips with the simple and advanced features of the platform. A small investment of your time in this matter will enable you to make the most of its features when there’s real money on the line. In fact, paper trading will also let you put new strategies to the test!

  • Bayelsa traders on warpath with govt over relocation

    Bayelsa traders on warpath with govt over relocation

    Relocated traders initially doing their businesses at Tombia Market in Yenagoa Local Government Area of Bayelsa State have lamented the state government’s ill-conceived plan before moving them to an unsuitable new site.

    Governor Douye Diri had ordered the evacuation of the Tombia Market located along the Yenagoa-Amassoma road leading to the Bayelsa Airport to a new site following preparations for his second term swearing-in ceremony in February.

    The relocation, it was gathered, was aimed at hiding the menace of the market from visitors to the event.

    Police had allegedly used tear gas to forcibly evacuate the traders from the market site on February 12.

    It was learnt that the Tombia market has been operating on Shell Petroleum Development Company (SPDC) pipeline, a development that lent credence to the government evacuating the traders from the place.

    However, after their forced evacuation from the marketplace to a new place about a month ago, some traders have blatantly refused to relocate to the new market but to other private markets around the area.

    They described the new market provided by the state government as only befitting for animals.

    But those, who managed to stay at the new site to avoid being accused of disobeying government directives, said it was an indictment on the government to allow private markets to spring up around the new site to take over evacuees businesses.

    A meat seller at Alakeme, one of the private markets, Mr. Olugbenga Daniel, claimed that he refused to relocate to the new government allocated market because it is not suitable for humans to trade there.

    He noted that before a serious government should relocate traders to a new site, the place should have been in good order with necessary amenities being in place.

    He lamented: “The new market acquired by the state government does not appear like a market; it is like where cows are dumped for grazing.

    “We are not animals. That place is not a market, it is like where they dump cows. It is not meant for human beings to operate in. Before you move human beings to a place called market, you need to put it in order. They should have taken care of the necessary things before relocating traders to that place.”

    According to him, the late former Governor Diepreye Alamieyeseigha completed the Swali Market before traders were moved there, stressing that it should be the standard for Governor Douye Diri-led government.

    He said: “Go to Port Harcourt, Rivers State, before they move anybody to any place they will first of all put the place in order.

    “By so doing, the government can beat their chest and say we have done the needful. But what has been done to the traders of Tombia market is unfair and unthinkable. We hope that the government will do the needful.”

    It was noticed that some of the traders who relocated to the new site are displeased with the state of the place.

    A few traders still there have threatened to leave the place if the government failed to provide the necessary amenities required to make it a place to trade.

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    It was also observed that the market is located on marshy flood plains and traders would not find it funny when rains begin to fall often.

    Some of the traders who voiced their anger requested that as part of short term remedies, the government should stop the private markets around the area to enable traders to move to the government relocated market.

    They decried that it was only the initial period when the market was relocated that customers came to the place but after then most customers preferred to patronise the private markets dotting the area.

    They threatened to also leave the place if the government did not stop or force traders using the private markets instead of the new market.

    They requested: “Close down the private markets so that traders will be forced to come to the new market

    “The private markets have made traders who were here not to come back, even customers are no longer patronising us. Our perishable goods are spoiled and many have perished.”

  • Traders seek governor’s help to stop market takeover

    Traders seek governor’s help to stop market takeover

    White Sand Market traders in Lagos Mainland have appealed to Governor Babajide Sanwo-Olu to stop alleged bid by the council to take over the market.

    .Their leader, Alhaja Sherifat Thanni, said the council Chairman, Mrs Omolola Essien, threatened to take over the market despite a court order.

    Thanni said Justice Akinkunmi Idowu of the High Court directed them to meet with her for settlement, adding they did not get a response to their letter requesting a meeting.

    The court, in  suit LD/7078GCM/23, restrained the council and attorney-general from taking over the market pending determination of the suit.

    Thanni said in 2001, council sought to rebuild the market, which they built themselves and had been maintaining.

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    They said council brought in another contractor in 2014 to reconstruct the drainage, for which they paid N20 milllion.

    For some reason, the project was not done and was left for the traders to handle yet again.

    “Now the council said they want to demolish the market because of the drainage. We are tired of their extortion…” Thanni said.

     The traders urged the governor to ensure the contractor completed the drainage work they paid for.

    They also want Sanwo-Olu to intervene in the continuous threat by the council to take over the market.

  • Bayelsa assures traders of better deal in popular market relocation

    Bayelsa assures traders of better deal in popular market relocation

    The need for safety and a conducive operating environment are some of the compelling reasons that informed the decision to relocate the popular Tombia Market to its new site, the Bayelsa State government has adduced.

    The Deputy Governor, Senator Lawrence Ewhrudjakpo, made this known in an emergency meeting at the weekend with leaders of the traders’ association and representatives of the various units in the market at his office in Government House, Yenagoa.

    Justifying the action of the state government, Ewhrudjakpo noted that the former site of the market was sitting on a high pressure Shell Oil pipeline known as the Kolo Creek to Gbarain Trunk Line, which posed a grave danger to the lives of those transacting business there.

    He emphasised that as a responsible government, the Douye Diri administration would not fold its arm and watch people die avoidable deaths in the state.

    Ewhrudjakpo observed that the relocation had further enhanced the beauty and security of the area, and therefore, appealed to the traders to remain peaceful and law abiding, as government works within the limits of available resources to make the new site conducive for them.

    He said government had already acquired and sand-filled over 42 plots of land for the new site of the Tombia Junction Market, also known as the Okutukutu-Etegwe Market, adding that efforts were underway to acquire more land and temporarily fence the area.

    Ewhrudjakpo, who warned against indiscriminate imposition and collection of levies by unauthorised individuals, assured the traders that only the State Ministry of Trade, Industry and Investment would oversee the newly relocated Okutukutu-Etegwe Market.

    While urging them to always cooperate with the administration, he equally assured the traders that government would look into their complaints, including goods that were allegedly burnt by security personnel in the course of enforcing the relocation order.

    Read Also: Ondo Amotekun moves to rescue kidnapped passengers in Kogi

    He said, “Government has already acquired 42 plots of land for the new site of the market. Another 42 will be acquired to further expand it. The new location is government-owned. It is no longer community land. So, no community boys will go there to molest you.

    “Bayelsa belongs to all of us. We are not doing this to discriminate against anybody, but to provide a more conducive and safe environment for you to do business.”

    Earlier in their presentations, the Chairman of the Traders Association, Tombia Market, Mr. Nigeria Ewhrudje, and his Okutukutu-Etegwe Market division counterpart, Alhaji Dahiru Yahu, said the traders were ready to cooperate with government to relocate to the new site.

    They, however, decried the situation where some of their goods were allegedly destroyed by security agencies at the market.

    The traders representatives including Mrs Doris Onos and Mrs Doris Alex, appealed to government to put everything necessary in place at the new site, including an abattoir and perimeter fencing to enable them do business with ease.