Prince Abubakar University Teaching Hospital Anyigba currently under construction by the administration of His Excellency, Governor Yahaya Bello of Kogi State. *** Governor Yahaya Bello at work on the age-old erosion ravaged section of the road from Anyigba to the headquarters of Dekina LG and to the neighboring Bassa LG.*** Ultra-modern General Hospital, Under Construction At Isanlu-Yagba East LGA-Kogi State. Similar projects ongoing simultaneously in two (2) other locations in the state, ie, Gegu in Kogi LGA and Eganyi in Ajaokuta LGA*** The World Bank commended Governor Yahaya Bello for refunding $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP)***  This app, is an Audio/visual excursion into the stewardship of His Excellency, Governor Yahaya Bello*** 

Gov. Bello administers oath of office to returning appointees

…as EXCO receives report on projects, promises completion before end of tenure

The Kogi State governor, Yahaya Bello on Monday during an Executive Council Meeting administered oath of office, secrecy and allegiance for five returning appointees of his administration who initially resigned their appointments to seek for elective post in the recently concluded gubernatorial primary elections.
The appointees includes the Chief of Staff, Pharm. Abdulkareem Jamiu, Commissioner for Finance, Budget and Economic planning, Asiwaju Idris Ashiru, Commissioner for Local Government and Chieftaincy Affairs, Bar. Deedat Ozigi, Accountant General of the State, Alh. Jubrin Momoh and the Auditor General of the State, Alh. Yakubu Okala.
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In a press briefing by the Commissioner for Information and Communication Strategy, Mr. Kingsley Fanwo, after the Executive Council Meeting he mentioned that the returning appointees were all charged to continue to be loyal and serve diligently in a bid to move the administration further forward.
Similarly, Mr. Fanwo briefed that the EXCO received reports on the progress on several projects currently embarked on by this administration noting that several of these projects were hinted to be in advanced stages while the governor reiterated commitment and determination to ensure completion of all projects before the end of his administration.

Other approvals at the meeting according to the Commisioner includes the Termination of the appointment of the Former Chairman of the Market Board, Mr. Danjuma Ochima who was accused of neglecting duties and promoting the return of filth in the state adding that his replacement would be announced in next few days.
The Commissioner mentioned also that the EXCO approved a Memo seeking for the establishment of the Directorate of Medical Laboratory Services in the Ministry of Health. He alluded that the creation of the Directorate will create cooperations amongst Medical Laboratory Scientist across the states, particularly in health care institutions.
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Mr. Fanwo also hinted that the council approved a Memo seeking for a law to repel the Prohibition of Kidnapping and other related matters, Law 2015 and be reenacted, Kogi State Prohibition of Kidnapping and other related maters, law 2023. He said that the State Attorney General was further directed by the council to forward the bill to the State House of Assembly adding that the law when passed is aimed at strengthening the criminal justice system of the state and to further nip in the bud issues of kidnapping, thuggery and other violent crimes

Bullish Engulfing Pattern > Big W Energy Pattern Definition Forexpedia by Babypips com

Traders commonly use it to identify potential entry points for long positions. While the bullish engulfing pattern is more commonly used in daily or weekly charts, it can also be applied to shorter time frames for scalping or short-term trading strategies. However, the reliability of the pattern may decrease in shorter time frames due to increased market noise and volatility. The time frame of the chart can impact the reliability of the bullish engulfing pattern. The bullish engulfing pattern is a relatively reliable reversal pattern, especially when it occurs after a prolonged downtrend.

Engulfing Candle

By following this process, you’ll be equipped to use the Bullish Engulfing Pattern effectively in your trading strategy, whether you’re a beginner or an advanced trader. The Bullish Engulfing Pattern consists of two candles, the first is a small red candle indicating a downtrend, followed by a larger green candle that completely engulfs the red one. Whether you’re trading stocks, forex, or cryptocurrencies, understanding and correctly identifying the Bullish Engulfing Pattern can give you an edge in spotting opportunities. Let’s explore what is the Bullish Engulfing Pattern, why it is important, and how to find and trade on it. I’d like to copy professional traders’ transactions onto my account

A higher volume supports the strength of the reversal signal, indicating that a significant number of traders are participating in the shift from selling to buying. The Bullish Engulfing pattern is a reversal signal, so it must appear after a sustained price decline. The right context, volume confirmation, and structure separate a random engulfing from a high-probability reversal. As such, the Bullish Engulfing can be a truly reliable and profitable tool for technical analysis, but only when matched with discipline and proper risk control. When used in the right chart context with structure and confirmation, the Bullish Engulfing Pattern can be one of the most reliable and clear entry signals for reversal traders.

  • The combination of these signals means the price has reached the local low, and one could enter a long trade.
  • This reversal pattern indicates that bulls are taking control of the market and may potentially drive prices much higher, indicating the ideal opportunity to initiate a long position.
  • Below we’re going to show you some examples of what bearish engulfing trading strategies could look like.
  • The occurrence of a bullish candle cannot always guarantee an upward trend.
  • Of course, no pattern is 100% reliable, and there are always exceptions.

Support and Resistance Strategy

  • Successful investor technical analysis requires you to look for two crucial non pattern factors to confirm the signal and protect your capital.
  • However, we cannot use the RSI reading of the last bar, since the big bearish candle in effect is the start of the new bearish trend, and with great likelihood will push RSI below 80.
  • In volatile markets, where price movements are large and frequent, bullish engulfing patterns may occur more often.
  • A bullish engulfing candlestick pattern signals traders that the market is about to enter an uptrend after a previous decrease in prices.
  • Put your knowledge into action by opening an XS trading account today
  • There should be a small black candle at the bottom of the downtrend.

The bullish engulfing pattern is a two-candlestick pattern that occurs during a downtrend and signals a potential reversal in the market. It is formed when a small bearish candlestick is followed by a larger bullish candlestick that completely engulfs the previous candlestick, including its body and shadows. The bullish engulfing pattern suggests that buyers have gained control and are likely to push prices higher. Many traders enter a bullish engulfing candle trade without confirmation or trade it against the trend—avoid both. Don’t jump in just because the bullish engulfing pattern appears; consider market context like support levels and price structure.

In addition, larger price patterns can also serve as confirmation of the engulfing pattern. Examples of such patterns include double bottoms, falling wedges, and ascending triangles. In this article, we’ve had a look at the bearish engulfing pattern. We’ve explored what it means, how to identify it, and provided some examples of trading strategies that hopefully will spark ideas when you build your own trading strategies! On the open of the next bar, sellers are nowhere to be seen, and the market opens higher than it closed. However, out of fear that the market has gone up too much, selling pressure starts to build up, and pushes price lower.

What is a Bullish Engulfing Candlestick?

Use proper risk management techniques when trading a bullish engulfing pattern. A bullish engulfing pattern consists of two candlesticks that form near support levels; the 2nd bullish candle engulfs the smaller 1st bearish candle. Typically, when the 2nd smaller candle engulfs the first, the price holds support and causes a bullish reversal. The key to its reliability is the fact that it entails a strong reversal in market sentiment, with bulls taking control of the market after a period of bearishness. This shift in market sentiment is usually enough to propel prices higher.

A bearish engulfing pattern occurs after a price move higher and indicates lower prices to come. Here, the first candle, in the two-candle pattern, is an up candle. The second candle is a larger down candle, with a real body that fully engulfs the smaller up candle. Trade bullish engulfing candlesticks when the primary trend is upward. Look for a downward retrace in a rising price trend for the best chance of success. Knowing where to place stop-losses, when to take partial profits, and how to interpret subsequent price action all contribute to consistent results.

Key Features of the Bullish Engulfing Pattern

Yes, a bullish engulfing candlestick can occur as the price is moving up, or as it is moving down. However, it is generally considered a more valid reversal pattern when it forms as the price is falling. It’s important to remember that the bullish engulfing candlestick isn’t a 100% indication of a reversal. An asset’s price can also dip even lower, despite the bullish pattern, before truly pivoting back up. In this lesson, you will learn what a bullish engulfing pattern is and how you can trade it for huge profits.

Piercing patterns are similar to the bullish engulfing, but the second candle pierces the previous small bearish candle, and is a bullish reversal pattern. Hammer candles are single candles and have a small body and long lower shadows, signaling a bullish reversal. Morning stars are a three-candle pattern signaling a potential bullish reversal.

Difference Between Bullish Engulfing and Bearish Engulfing

Such a pattern is usually seen after multiple red candles in a downtrend. However, it is also said that this bullish engulfing candlestick pattern reflects weakening bearish momentum. A Bullish Engulfing Candlestick is a significant pattern in technical analysis that signals a potential reversal from a bearish to a bullish market trend. A bullish engulfing pattern is more reliable when it occurs after a period of bearishness, such as being preceded by four or more red candles.

The bullish engulfing candlestick is a well-known candle pattern composed of two candle lines. The first one is black and the second is a white one that is taller than the prior black candle,engulfing it or overlapping the black candle’s body. The bullish engulfing candlestick acts as a bullish reversal 63% of the time, which is respectable, ranking 22 where 1 is bestout of 103 candle patterns. The high frequency rank (12) means that this is as plentiful as children at a playground. Other elusive formations include the Abandoned Baby and certain gap-based patterns (like the Island Reversal).

This website is not intended for use in any jurisdiction where the trading or investments described are prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or state of residence. However, we may receive commissions from the companies we offer on this website.

It can be done by looking at previous price action and determining where buying and selling pressure has been strong. Support and resistance levels are important in trading because they help you identify entry and exit points for profitable trades. Put, support is a level where the price tends to stop falling, while resistance is a level where the price tends to stop rising.

The traders monitor the market closely to ensure the trade is moving in the expected direction and avoid any false signals. The pattern also occur during a period of consolidation, which can signal a potential break out to the upside. Traders often look for confirmation of the pattern with other technical indicators, such as volume and momentum, to increase the bullish engulfing definition probability of a successful trade. Alr, so a Bullish Engulfing Pattern is kinda like a glow-up for candlesticks 🔥.

The engulfing pattern is often used in Forex, as well as the stock, cryptocurrency and commodity markets. You will learn how to recognize an Engulfing pattern and apply it in trading. Discover the world of candlestick analysis and unlock new strategies for successful trading! The pattern involves two candles with the second candle completely engulfing the body of the first candle.

A Bullish Engulfing forming in the middle of nowhere rarely works. A Bullish Engulfing appearing at a tested level with structure behind it is more reliable than one floating in the middle of nowhere. The best timeframes for spotting and using this pattern are the 4H and Daily charts. They filter out noise and show whether the engulfing is strong enough to signify real buyer commitment.

At the same time, the alternative trend strengthens, as a result, trades are opened in the opposite direction. The last confirmation signal for opening short trades was the breakout of the first support level, after which the price began to decline actively. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey.

DEMOCRACY IS A MARATHON AND WE ARE ON COURSE

BEING TEXT OF AN ADDRESS BY HIS EXCELLENCY, GOVERNOR YAHAYA BELLO OF KOGI STATE ON THE OCCASION OF THE DEMOCRACY DAY, JUNE 12, 2023.

I salute the great people of Kogi State and of Nigeria on this 12th day of June, 2023 – a day we rightfully commemorate as Democracy Day in our nation. It is my humble insistence that when it comes to the practice of democratic governance among the nations of the world, Nigeria has made consistent progress in this Fourth Republic, and we should be proud.

Indeed, we can celebrate how far we have come on this day if only we can count our blessings instead of our missteps. We are a democracy that just 3 decades ago fell into a terrible mishap on June 12, 1993 when our most credible and united mandate was given to a man among us, transcending all our points of division, especially tribe, region and religion.

On that fateful day, our Democracy (and by extension, the whole nation of us), was beaten and left for dead by forces we could not resist initially. From that assault, our democracy slipped into a deep coma for another half a decade before being resuscitated in 1999. Even now, Nigerian Democracy remains nascent – undergoing intensive physical therapy and learning full use of all organs and functionalities.

Yes, June 12, 1993 was a day of sorrow, tears and blood for Nigeria – a day of disenfranchisement and dispossession on which our hard-earned democracy took a knife to the chest and lay in its own pool of blood in full glare of the whole world.

Yet, June 12, 2023, like the many before it, should be a day of introspection and rejoicing on which we ponder on the miracle of how our Democracy, once left for dead on the streets, somehow managed the strength to stagger to its feet and aided by the very finger of God found its way to the Fourth Republic, where, by the imperfect but determined nurture of Nigerians it is gradually regaining its strength, with increasingly bright and favorable prognosis for full recovery.

The lesson of June 12 is that Nigeria’s democracy is not a gift, random candy to be thoughtlessly licked by new generations and discarded. No indeed. It is a priceless legacy built on the labour, sweat and even life blood of countless heroes from every part of this great nation who gave their all, literally, for it.

Many of these heroes lie unknown and unsung, ordinary Nigerians who were felled by bullets or maimed by means we cannot even begin to imagine in those years, months and days of military rule before June 12, 1993, after July 9, 1998 when its protagonist was killed to present and into the future.

They may have made their sacrifice in obscurity, but they are neither forgotten nor ignored. We celebrate them today and always in the face and name of the great man on whose mandate they stood and strove, His Excellency, Moshood Kashimawo Olawale Abiola GCFR. June 12 is their day and the inimitable M.K.O Abiola is their alter ego and embodiment. His election, the battle for his stolen mandate and his death in the struggle chronicles the decisive moments of modern Nigerian democracy.

We salute him, and they, today.

The most enduring lesson the present reaps from the labours of these heroes past and the number one characteristic of the democratic system of governance which must stay with us every moment is that it is a triumph of choice in the way we are governed. We are able to choose at elections as we did earlier this year because they paid a price yesterday that many today may find quite steep, if not impossible.

Of course, the challenge at every election is to recruit the best possible manpower choices for our nation from the pool of talent on offer, but even if we miss it, we honour them by keeping faith with the democratic tenets until we can choose again. This assures us, if our choice does not triumph, that it is only a miss and not a failure. Above all, that it is neither final nor fatal because in time we get to choose again.

It is true that on this June 12 our democracy is not yet the colossus we all yearn for it to become, but no Nigerian of goodwill who has played his part in this long and tortuous road that we have journeyed, and who understands the steady, if slow, processes of our recovery will have anything but admiration for our courage and resilience.

The certainty which comforts us above all with every successive June 12 is that our Nigerian Democracy rises, slowly but surely, like the Phoenix, from the ashes of June 12, 1993.

The greatest testament to this renaissance is perhaps the election of His Excellency, Asíwájú Bola Ahmed Tinubu, GCFR as Nigeria’s 16th President earlier this year. Mr. President is a confirmed disciple of Chief MKO Abiola and one of the most prominent footsoldiers of June 12. History tells us that he too, like his principal, was marked for assassination for his services to democracy and barely managed to escape the fate of his leader by the slimmest of fortunes.

Therefore, I am fully persuaded that under his oversight the ideals of June 12 and the very essences of Nigerian Democracy, will find full and faithful expression. Mr. President’s promises of Renewed Hope is one in which Nigerians, especially the youthful demographics, have invested into with everything that we possess. I have no doubt that his Administration will exist solely to fulfill his words to Nigerians.

Democracy is a marathon. Sometimes it speeds downhill over flat ground, and at others it labours uphill over rough terrains but ultimately it is one race and only those who start at the beginning and cross the finish line who receive the prize. June 12 is a significant milestone in our race, a heartbreak hill where we had almost given up, but for MKO Abiola and all the other heroes who gave their all to keep us going.

For everything that June 12, 1993 and every other one after it has meant and will continue to mean to Nigerians – and for every other blessing to our nation, too many to recount, we are thankful to the Almighty God.

Happy Democracy Day, Nigerians.

YAHAYA BELLO
Governor of Kogi State

Governor Yahaya Bello’s Midas touch on Kogi higher institutions

…as institutions achieve 100 per cent accreditation of courses

By Ada’aja Jimoh

Education is the bedrock of any development a society can yean for. It is believed that no amount of money expended by a country or state in educating it’s populace that can be considered too much because the absence of it can be calamitous.
It is in realisation of this important role of education, that Governor Yahaya Bello set his priority right from the very beginning as to what he wanted to achieve for the people of Kogi state. Seven years down the line, these concerted efforts of his administration have started bearing fruits.

The climax of this well focused attention to make the State owned higher institutions, a shinning example to other states culminated into the hundred percent accreditation of courses offered in all state owned higher institutions.

At a press conference to herald the sixth convocation of Prince Abubakar Audu University formerly known as Kogi State University, Ayingba, in January last year, the Vice Chancellor, Professor Mariyetu Tenuche said all the Forty-eight courses offered in the university have secured full accreditation from the National Universities Commission , making it the first time ever since the establishment of the institution.
Aside this feat of hundred percent accreditation of all courses, the Vice Chancellor also said that the institution emerged 25th out of the 170 public and private universities in Nigeria that have full accreditation for all courses offered.

The State owned Polytechnic in Lokoja also shared from the joy of full accreditation of all courses offered at the institution.

Dr Salisu Ogbo, the Rector of the institution broke the news of the achievement when he recently visited the Kogi State Commissioner of Education, Mr Wemi Jones to present the results of accreditation of all courses at the institution by NBTE

Dr Ogbo said “I’m proud to announce that Kogi State Polytechnic, Lokoja achieved 100 percent success at the recent accreditation exercise conducted by the National Board for Technical Education (NBTE)
He attributed the resounding success to Governor Yahaya Adoza Bello’s unflinching commitment to the development of education in the State.

Another regulatory body, the National Commission for Colleges of Education (NCCE) also found the two state owned colleges of Education namely ; College of Education, Ankpa and College of Education Technical, Kabba worthy of full accreditation of the courses offered by them.

In the case of College of Education, Ankpa, the Provost, Professor Muhammed Kabiru Ibrahim said the hundred percent accreditation of all courses is the first ever in the history of the college.

The Provost disclosed that out of 32 courses presented to the National Commission of Colleges of Education, all the courses got full accreditation and that the accreditation of all the courses will be valid from 2022 to 2027.

Prof. Mohammed noted that aside the accreditation of courses in the College, the National Commission for Colleges of Education looked at governance, Infrastructure in the College, expressed appreciation with what was on ground, thus making the College to get full accreditation in terms of institutional accreditation.

He said unlike in 2012 when courses in the college were last presented for accreditation, he said out of the 29 courses that were presented then, only 9 got full accreditation.

The Provost said the feat achieved by the College to enjoy full accreditation for all the 32 courses presented could not have been achieved without the support of Governor Bello, stating that the governor gave approval for the recruitment of academic staff to fill the exiting gaps.

He added further that the governor also released money for the purchase of educational resources, in terms of books, chemicals, reagents and furniture, an action that led to the college inviting the National Commission of Colleges of Education to come for the accreditation.

The story is not different at the College of Education Technical, Kabba, 17 courses offered at the College got full accreditation in 2017 ,a year into Governor Yahaya Bello’s administration.

What entices the Provost of the institution, Mrs Olusola Victoria Jagboro most is the partial movement of the institution to it’s permanent site.

According to her, the state government under Governor Yahaya Bello has completed 10 buildings at the permanent site now and one big bus also given.

Worried by the gap created by the number of Kogi indigenes seeking admission yearly and the number that got admitted, Governor Yahaya Bello established the Confluence University of Science and Technology, (CUSTECH), Osara in year 2020 and appointed a renowned Engineer and academic per Excellence, Professor Sadiku Salawu as the pioneer Vice Chancellor

Barely, two years of existence, the university is a growing concern and has bridged the gap for Kogi indigenes seeking admission and even admission seekers from neighbouring states.

The university currently has three faculties with nineteen courses running and all duly approved by Nigeria Universities Commission.

In looking at the attention of Governor Yahaya Bello to health training institutions, the two in the state namely, School of Health Technology, idah and College of Nursing, Obangede were highly favoured.

The School of Health Science and Technology, Idah came alive owing to the support given to the institution by Governor Bello’s administration.

The College secured full accreditation of four out of its five programmes for the first time since its establishment about 43 years ago.

The Provost, Dr Nuhu Solomon Anyegwu, who stated this in a statement, said the college received the letter for the full accreditation from the Registrar, Medical Laboratory Science Council of Nigeria (MLSCN) recently, that four of the five departments in the college had been fully accredited.

Anyegwu said the fully accredited programmes are; Health Information Management Department (5 years), Community Health Department (4 years) and Medical Laboratory Department (5 years).

The Pharmacy Technician Department has already been granted approval to enlist students while initial provisional accreditation status was being awaited, he added.

He added that the remaining programme, which is the School of Environmental Health, was awaiting approval by the National Board for Technical Education (NBTE) accreditation.

The provost expressed his appreciation to the visitor, Governor Yahaya Bello, for his contributions and special attention to the college

In telling the story of Kogi state College of Nursing, Obangede, the Provost of the institution, Mrs Hannah Abraham said that the College under Governor Yahaya Bello got full accreditation in 2018

According to her, the accreditation will last for five years before the regulatory agency would visit the College again.

Mrs Abraham praised Governor Bello’s administration for the infrastructural transformation of the college that made it to scale the accreditation hurdles

Aside accreditations of courses, one other big achievement of Governor Bello in the educational sector is academic stability.

In Kogi state, a student can tell his/her year of graduation, the very day he/she gained admission into any state owned higher institutions of learning.

Upon assumption of office, the government inherited the incessant strike actions by academic and non academic Unions in the tertiary institutions. To make matter worst, some of such actions were sympathy strikes embarked upon by the unions in solidarity with their national bodies over issues that have no bearing on the state owned institutions.

To mitigate this disaster being visited on the innocent students, the Governor was left with no other option than to issue a proclamation banning all Union activities in July, 2017.

Yes, there were initial pains from the banning of union activities in schools but the gains now far outweigh whatever pains as students from Kogi State owned institutions graduate in record time.

This has made higher institutions in the state the much sought after as students from even neighbouring states jostle to gain admission in the State owned institutions because they are sure of graduating in record time.

– Ada’aja Jimoh, Features Editor, Nigerian Link, writes from Lokoja

Establishment of another State-owned university in Kogi West

Governor Yahaya Bello inaugurates Committee for the establishment of another State-owned University in Kogi West.

The 17- man committee made up of 17 Professors is to be chaired by PROF. OLU OBAFEMI NNOM, FNA

Other members are:
PROF. ABAYOMI OLORUNTOBA
PROF. KEHINDE IMISI ENIOLA
PROF. SUNMOLA AFOLABI
PROF. GODWIN TUNDE AROSAYIN
PROF. GABRIEL KOLADE OLORUNLEKE
PROF. JOSEPH OLORUNJU OMOLEHIN
PROF. KINGSLEY OLOGE
PROF. SUMAILA ABDULGANIYU
PROF. ABIODUN ADENIYI
PROF. ROTIMI AJAYI
PROF. YOMI MONDAY AIYESIMI
PROF. SULEIMAN OMEIZA EKU SADIKU PROF. ADAMS OYUOZE UMORU ONUKA
PROF IGONOH JOSHUA A.
PROF. MOHAMMED BELLO YUNUSA
PROF. HADIZA AGUYE as SECRETARY

Other members are:

KOGI STATE ATTORNEY GENERAL AND COMMISSIONER FOR JUSTICE , MOHAMMED SANI IBRAHIM, SAN

SECRETARY TO THE GOVERNMENT OF KOGI STATE, FOLASHADE ARIKE AYOADE, PhD

KOGI STATE COMMISSIONER FOR EDUCATION, SCIENCE AND TECH, HON WEMI JONES

KOGI STATE COMMISSIONER FOR FINANCE, BUDGET AND ECONOMIC PLANNING, HON ASIWAJU IDRIS ASIRU

KOGI STATE COMMISSIONER WORKS AND URBAN DEVELOPMENT, HON BAKO SAMSON

KOGI STATE AUDITOR-GENERAL, HON YUSUF OKALA

Terms of reference given to the committee are as follows:

1. Determination of type of University to be established ( whether specialized or conventional)

2. Determination of a suitable name for the University.

3. Preparation of
i. Academic brief
ii. University Law
iii. University Master Plan; for presentation to the National Universities Commission (NUC) for the purpose of obtaining NUC’s recognition/approval.

4. Determination of a suitable location for the University.

5. Determination of a takeoff site to allow for immediate commencement of academic activities.

6. Determination of realistic and sustainable funding sources for the University.

7. Any other activities that may be required for the immediate takeoff of the University.
It is also recommended that the Committee is empowered to co-opt other Kogites/non- Kogites who can add value to the work/activities of the Committee.

The committee is to submit its reports within 6 weeks of inauguration.

ONOGWU Muhammed
Chief Press Secretary to the Governor
07/06/2023
https://youtu.be/HtrnqQeO7Sk
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What is a buy stop in forex?

Mainly, when the asset’s price reaches or exceeds the stop price you’ve set. If the market hits that price, your order is triggered, and you’re in the trade. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

Before you enter a trade, you should have an idea of where you want to exit your position should the market turn against it. Stop orders should be placed at levels that allow for the price to rebound in a profitable direction while still protecting from excessive loss. Some investors may decide that they are willing to incur a 30- or 40-pip loss on their position, while other, more risk-averse investors may limit themselves to a 10-pip loss. For this reason, investors need to employ an effective trading strategy that includes both stop and limit orders to minimize their potential losses.

You can capture the momentum as the price moves higher by placing a buy stop order just above the resistance. Resistance levels often act as barriers where the price struggles to rise above. This means your order may not be executed even if the market briefly touches your desired price. For example, during a major news release that causes sharp price movements, waiting for a buy limit order to trigger could result in missing the opportunity altogether.

It’s your way of telling the broker that if the market moves against your direction, they should help you limit losses at a certain price. A Sell stop order is an instruction to your broker to sell a currency pair when the price falls to a certain level. A buy-stop order is an instruction to your broker to open a position for you when the price of a currency pair rises to a certain level. A sell-stop order is an instruction to your broker to sell you a currency pair when its price rises to a certain price level. A buy-limit etoro broker review order is like saying, “Hey, broker, I want to buy this currency pair once it falls to a certain price level.

Get Free Strategy

You should not risk more than you are prepared to lose. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. I’m ready to open a trading account and make money from Forex

It is the most straightforward order to get instant market execution. And because you get to do everything yourself, you must be familiar with the different types of forex orders. This website is only intended for U.S. individuals or entities (“U.S. Persons”) that meet the definition of an Eligible Contract Participant (“ECP”) as set forth in Section 1a(18) of the U.S. Sign up for a live trading account or try a demo account. For example, let us assume you are trading USD/AUD at an exchange rate of 1.5. You can place a buy limit order for USD/EUR at 1.9 at this point.

Reversal Trades

There isn’t much room for advice, except how to practice the skill of using different orders in real market conditions. In the chart above, you can see that the market followed the first scenario. For beginners, there is a risk of getting confused and canceling orders when there is no need for it. We now have a simple two-order trading strategy. In addition to real risks, professionals also take into account alternative risks. To avoid waiting for the reversal, I placed a Limit order by selecting Pending order — Buy Limit in the order settings window.

  • By knowing how and when to use these order types effectively, you can align your trades with market trends and your strategic goals.
  • A market analyst and member of the Research Team for the Arab region at XS.com, with diplomas in business management and market economics.
  • For example, it opens a buy position when the asset reaches a certain price (Buy limit, Sell limit, Buy stop, Sell stop, Stop limit)
  • Forex trading, or currency trading, involves buying and selling currencies in pairs.
  • This pending order activates only when the market reaches a specific stop price above the current market price.
  • Sometimes, you’re winning a trade, and you expect the price to keep going high.
  • A trader is watching the price action on the EUR/USD, and the main trend is up.

Buy stop and buy limit orders are two popular forex trading strategies. It’s especially effective in forex and stock trading, when combined with a solid strategy and risk management plan. For instance, a trader might place a buy stop once price crosses above a moving average or breaks out of a consolidation pattern confirmed by volume.

Diversification does not eliminate the risk of experiencing investment losses. SIPC and Excess SIPC Protections do not protect against a loss in the market value of securities.SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. One such order is the buy stop order, which is used to enter a long position in the market. First, they need to identify key support and resistance levels that are likely to trigger a significant market movement. To effectively use buy stop orders, traders should consider several factors.

  • A trend following strategy (on the support level breakout)
  • Depending on market conditions and their trading strategy, they may need to adjust the trigger price or the quantity of the order.
  • A countertrend strategy (at the resistance level)
  • Therefore, the remaining 30 lots will be executed at a lower price.
  • In this article, we take a look at how buy limit and sell stop orders differ and the right time to employ each of them in your trade.
  • In addition to pending orders, there are orders for immediate fill.
  • A buy limit is set below the current price to purchase on weakness, providing a maximum price ceiling but risking the order remaining unfilled.

Efficient Execution in Breakout Trading

A buy stop order can also be used as a stop loss order. Technical analysis involves using charts and indicators to analyze past price movements and identify patterns that can be used to predict future price movements. One way to manage the risks is by using the different order types available. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. However, it becomes a market order at the point that the order has been executed. Additionally, you may also occasionally see them referred to as ‘pending orders’.

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A buy limit is set below the current price to purchase on weakness, providing a maximum price ceiling but risking the order remaining fx choice review unfilled. A momentum trader observes ABC Corp trading at $75, with resistance at $76.75. Sell stops (stop-loss) trigger a sell when the price falls to a certain threshold—primarily to protect long positions. This order type remains inactive (“dormant”) until the specified stop price is reached, at which point it converts into a market order, or may be set to become a limit order (the “stop-limit” variant).

The buy stop order is used by traders who believe that the price of a currency pair will continue to rise after it has reached a certain level. A buy stop order is an order placed by a trader to buy a currency pair at a price that is higher than the current market price. In conclusion, buy stop orders are a valuable tool in forex trading that allows traders to enter a trade at a more favorable price.

Bank of Japan to Stay Course on Gradual Rate Hikes Despite Ishiba’s Setback, Sources Say

Market orders, which include buy stops, city index reviews do not guarantee specific execution prices. Slippage occurs when your buy stop order gets executed at a different price than expected. By doing this, it ensures your trade aligns with an uptrend before execution. Each serves specific purposes, and misusing them can impact your trading outcomes.

Traders can use them to enter a long position or capitalize on breakouts, depending on their trading style and market analysis. This helps to limit potential losses in a trade and protect the trader’s account balance. Buy stop orders are also used to manage risk by limiting losses in a trade. A breakout occurs when the price of a currency pair breaks through a significant support or resistance level. A buy stop order is used to enter a long position or to capitalize on a potential upward trend in the currency pair.

Buy Limit vs. Buy Stop in Forex Trading: What’s the Difference?

Once the currency pair drops below the specified price, the sell stop order is executed at the current market price. However, it is important for traders to understand the risks involved in forex trading and to have a solid trading strategy in place before using buy stop orders or any other type of order. Another advantage of using a buy stop order is that it can help traders to limit their losses.

Kogi State Health Insurance Agency

Interactive session Between Kogi State Health Insurance Agency and the Leadership of Kogi State Organized Labour on the Full Implementation of the Formal Sector Plan (FORSEC) for the Kogi State Civil Servants held at the Conference Hall of Idrinana Hotel.
https://youtu.be/ZlhQLPxsQ48
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Kogi HOS Thanks Gov. Bello For Construction Of Perimeter Fence Round State Secretariat Complex Premises

I, Mrs Odiyo Onyinoyi Hannah, the Head of Kogi State Civil Service, on behalf of the entire public Servants wish to whole heartedly thank his Excellency, Alhaji Yahaya Adoza Bello for embarking on the construction of perimeter fence round the state Secretariat Complexes and premises.

2, The fence project when completed would ensure the security of Civil servants, government properties and businesses within the secretariat. Human and animal Intruders, cattle rearers in particular, would cease.
The project will also add to the aesthetic value of this all important government facility.
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3, Your Excellency’s exceptional commitment to the security cover of the state is once more displayed in this project. It underscores your concern for public Servants and the good people of Kogi State in terms of their safety and general well being. It is Indeed a confirmation of your life – changing and signature infrastructural projects in all nooks and crannies of the state.
It is a further proof of Your Excellency’s resolve to carry the good work of development of Kogi state to the tail end of the GYB Administration.
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4, The Civil Servants (serving and retired) are happy at the realization of your legendary commitment to the security and provision of befitting working environment for workers.
This singular action of your Excellency has gone a long way, once more, to boost the morale of the workers, which will translate into enhanced productivity.

5, We remain grateful to you and pledge our absolute and continued loyalty and support to your Government. May Almighty God in his infinite mercy bless all your works

Long live your Excellency,

Long live Kogi state Civil Service.

Odiyo Onyinoyi Hannah (Mrs) Head of Civil Service.
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Real estate accounting also covers complex areas such as capital gains, 1031 exchanges, and asset valuation. Accurate accounting ensures compliance with tax regulations and provides insights into the profitability and financial health of real estate investments. A ledger plays a crucial role in accurate financial reporting for property investments. It ensures meticulous tracking of rental income, expenses, and asset valuations. The management process improves the reliability of real estate financial reporting by providing a clear view of cash flows and financial status.

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Certain services may not be available to attest clients under the rules and regulations of public accounting. Schedule your free consultation with our bookkeeping experts for real estate investors today. Partnering with us gives you real data on how your property is performing. We track your income and expenses accurately, make sure every stay is properly recorded, and help you stay organized for tax time and long-term planning. Utilizing the appropriate resources and employing these guidelines can guarantee that your bookkeeping for real estate is precise and effective while being current. This will help you to make better investment decisions, save money on taxes, and grow your real estate business.

  • This integration eliminates manual entry errors and provides a unified view of financial and operational data.
  • He has assisted numerous public companies with SEC filings and has directed Deloitte’s efforts on many public equity and debt offerings, including initial public offerings.
  • While adoption remains uneven across the sector, investors are increasingly focused on platforms that can leverage data and automation to differentiate performance.
  • The team comprises certified real estate accountants, real estate bookkeepers, financial analysts, and property management specialists.
  • A Tenant Ledger, on the other hand, details each tenant’s payment history, including rent, security deposits, and any outstanding balances.
  • Real estate transactions typically involve multiple parties, making tracking and reconciling these transactions time-consuming and error-prone.

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Invensis’ auditing and taxation services assisted us in effecting significant changes in the business’s focus and nature. They have always provided us with a comprehensive and top-rated service, allowing us to meet deadlines internally and externally. Real estate accounting experts in your industry We understand real estate accounting and the complexities of the real estate industry. Reconcile your bank statements with your accounting software on a monthly basis.

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  • Know how Invensis provides accurate accounting & bookkeeping services for a restaurant which helps effective cost monitoring and growth.
  • By having detailed records of income, expenses, and property performance, you can analyze financial trends, evaluate the profitability of your investments, and identify areas for improvement.
  • Common bookkeeping approaches fail to capture this complexity, risking cash flow mismanagement and inaccurate profitability assessment.
  • Tokenization can allow for capital generation across the capital stack including debt, equity, and hybrid funding on a single platform.
  • This could enable tokens to be exchanged from one ledger to another and end-to-end workflows, from issuance to trading, to be achieved seamlessly while maintaining investors’ privacy and confidentiality and meeting regulatory compliance.

It ensures accurate reporting of Rent Rolls, Tenant Ledgers, and Common Area Maintenance (CAM) Charges. Proper accounting helps property managers maintain financial health, optimize rental income, and comply with regulations, leading to better decision-making and improved profitability. Regulatory compliance remains a top priority in Why Professional Real Estate Bookkeeping Is Essential for Your Businesses real estate accounting activities.

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Stay informed by subscribing to updates from the IRS or consulting with your accountant. Understanding current tax regulations ensures you’re maximizing deductions and minimizing tax liabilities. This allows you to access your financial data anytime, anywhere, and ensures secure data storage. In 2025, QuadReal announced the launch of a £2.5bn debt platform in the UK and Europe, with the expanded platform focusing on direct lending to key sectors including multifamily, student housing, data centres, industrial and self-storage. This expansion underscores how institutional investors are using private credit to gain exposure to real assets aligned with demographic and technological change.

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