About Us

The Nigerian Meteorological Agency (NIMET) came into existence by an Act of the National Assembly – NIMET (Establishment) ACT 2003, enacted on 21st May 2003, and became effective on 19th June 2003 following Presidential assent.

It is a Federal Government agency charged with the responsibility to advise the Federal Government on all aspects of meteorology; project, prepare and interpret government policy in the field of meteorology; and to issue weather
(and climate) forecasts for the safe operations of aircrafts, ocean going vessels and oil rigs.

The Act also makes it the responsibility of the Agency to observe, collate, collect, process and disseminate all meteorological data and information within and outside; co-ordinate research activities among staff, and publish
scientific papers in the various branches of meteorology in support of sustainable socio-economic activities in Nigeria.

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Our Mandate

Observing, Analyzing, timely and accurate reporting of weather and climate information for socio-economic development and safety of lives and property.

Our Vision

To be a world class Provider of weather and Climate Services for safety and Sustainable National Socio-Economic Development.

Our Mission

To observe Nigerian Weather and climate and provide Meteorological, Hydrological and Oceanographic services in support of National and International obligations..

Here’s What Makes Elliott Waves a Useful Forex Tool

Once we identify it, you can close half of the position. Even if the forecast is wrong, we will still get a good profit. For the rest of the position, set the trailing stop. Mr. Puneet Grover, the senior research analyst at IFMC Institute simplifies ‘how does Elliott wave theory work’ and ‘rules to applying Elliott theory profitably’. Stock market certified investment advisor for Moneymunch. They’re a regular guest on popular online channels and writes for several newspapers and financial journals.

Can a day trader Be A Millionaire?

Yes, it is possible to make money in stock trading. Many people have made millions just by day trading. Some examples are Ross Cameron, Brett N. Steenbarger, etc.

The commentary on Moneymunch reflects the opinions of contributing certified & other authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits and thus will not take responsibility for your losses as well. Remember that corrective waves go against the wave, wave 4 will go up when the entire wave is going down or it will go when the entire wave is going down.

Will Crude Oil Hit 5400 Next Weekend?

The various paragon shares in the course module will amaze you as you learn the key rule of Elliott wave theory. See how to combine wave with chart patterns and retracement levels using simple mathematical calculation. Elliot Wave Theory Program Course was developed by Nelson Elliott to forecast price movements by observing and identifying repetitive wave patterns. This theory gained fame in 1935 when Elliott made an incredible prediction of a stock market bottom and has since become predominant for thousands of portfolio managers, and private investors. This Elliott wave theory has become one of the most used and popular weapons in the field of Forex Trading.

elliott wave forex

If you see this pattern play out in full, it serves to reinforce the idea that we’re moving in a trend and points to the direction of the trend. As you can see from these last paragraphs, there are quite a few factors to consider. If you have no prior knowledge of Elliott Waves, it might be better if you use a demo account to train before you trade for real. You can also simply follow charts and test your ability to identify waves. Traders who follow this type of analysis usually start off by concluding that the main wave goes long and then they go short as the pattern runs its course and a possible reversal looms.

Fibonacci Ratios + Trade Setups : Wave 4

While Elliott Wave analysis is widely accepted and commonly used among traders who engage in technical analysis, you will find plenty of people who reject the Elliott Wave Principle or draw different conclusions. Critics of this theory point out that it requires subjectivity and is therefore open to interpretations. There are even some people who question if Elliott Waves even exist. The Elliott Wave Principle is not a standalone theory that exists in a vacuum. As with many other trading strategies, investors often choose to use it alongside additional indicators as confirmation.

Who is the No 1 Forex trader in the world?

George Soros – the best trader in the world

His most successful trade gave earned him a profit of $1 billion in a single day.

Specifically, each pulse wave is divided into a 5-wave sequence, and each corrective wave is divided into 3 waves. In the market, we always enter at the beginning of a new cycle, that is before the beginning of the formation of https://1investing.in/ the first wave. In any case, we need to wait for the formation of at least one complete eight-wave sequence. Only after the trend was formed, and the corrective wave A-B-C began, you can start looking for a moment to enter.

The Start

In fact the markets move in predictable, repetitive cycles or waves. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. A long time ago in a distant America lived a man called Ralph Elliott. Analyzing the market on long winter evenings, he developed the concept of the fractal nature of the market.

  • Elliot Wave Theory Program Course was developed by Nelson Elliott to forecast price movements by observing and identifying repetitive wave patterns.
  • Learn Elliott wave analysis technique like a pro from expert technical analyst.
  • Several generations of traders have changed, but his theory still finds its application in the analysis of the market.
  • Yes, no and the answers in between Are Indian banks out of the woods?

The wave sequence has the property to rebuild as it is being formed, so it is highly recommended not to enter until the completion of the first cycle. Thus, the Elliot Wave Theory Course theory helps a trader to invest money in the right currency to Gain maximum profit. If any queries arise in your mind regarding that how to learn Elliot Wave Theory course, you have to learn Elliot Wave Theory course in Delhi with Profit Pirates. Profit Pirates provide Elliot Wave Theory course online and fulfill all the requirement of courses. Profit Pirates focus on the training of technical analysis program course. We will not burden you with a long explanation on the relationship between Fibonacci and Elliott waves.

If you want to learn to understand the market better, Elliott Wave Theory will help you in training the skills necessary for this and can make up your main trading strategy. The self-similarity of the wave sequence allows us to make a fairly accurate forecast of the price movement, based only on the data of the lower time periods. Therefore, when marking, try to use at least two wave levels, for a better effect – 3. Master techniques to read patterns and future projection of price with the best institute for Elliott Wave. One of the accurate means to identify market continuation, reversals, and analysis. The trading technique is a life-changing stock market game.

What is Elliott Wave Theory?

The documentation at this point in time consists of 6 years of work and has remained above 80% for all 6 years and going near to 90%, hence surpassing all industry standards. If market opens at 9 am, the first call should be traded only till 12 am. Once done, click the calculate price button, you will get both buy and sell signals. We witnessed an awesome planned fall in Bank Nifty, hope you all enjoyed and made money with the idea. Lets look at the Plan of Bank Nifty & Nifty My Favourite Bank Nifty first & Nifty Lets dig deep into the structure & my thought process behind it First thing First “KEEP IT SIMPLE BABY” Model 1 …

Learn Elliott wave analysis technique like a pro from expert technical analyst. Elliott wave analysis is a powerful trading system . “Elliott Wave Theory” course videos are for educational and information purpose only. We advise you to understand the strategies well and use your own discretion to use them in live markets. By far, Elliott wave theory is known as one of the most accurate means of identifying Market Reversals. The theory is similar to MACD and moving average trading strategy.

Can forex make you a millionaire?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

Now more investors notice the instrument and decide to buy it, sending the price higher, usually higher than the peak of Wave 1. According to the theory, this is often the strongest and longest of the waves. We explains the technical and fundamental aspects of each lesson and combines it with examples from his 30 years’ experience in the stock market. AS Chakravarthy has done painstaking work to teach each and every topic in such an unforgettable manner. Elliot wave Theory is widely accepted in technical analysis named after Ralph Nelson in 1920’s.

Learn how to put the power of the Wave Principle to work in your forex trading with this free, 14-page eBook. EWI Senior Currency Strategist Jim Martens shares actionable trading lessons and tips to help you find the best opportunities in the FX markets you trade. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. And show you how Elliott wave can improve your trade entry, money management and profitability. Share Tweet Pin Mail Today we will be covering a more advanced form of technical analysis, referred to as the Elliott Wave Theory.

elliott wave forex

Some investors will start ‘shorting’ the instrument, and the corrective phase – the ABC pattern – will appear. This theory helps in gauging the upward trend and the correction that are likely to happen in the near future. As the trend shows upside and correction, the identification of trend through Elliott Wave Theory helps in protecting profit and exiting trades. In this case, having opened for purchase, we are waiting for the formation of the next corrective wave.

elliott wave forex

Now let’s look at another example, but this time the The EPS Rating Is One Key To Picking The Best Stocks ‘correction’ is labeled with the letters A B C.

NiMet DG Advocates Multi- Agency Cooperation in Flood Mitigation.

The Director-General/CEO of NiMet, Professor Mansur Bako Matazu has called for multi-agency cooperation in strengthening mitigation, adaptation and reduction of risks associated with floods.

Prof. Matazu made this assertion while presenting a goodwill message at the public presentation of the 2022 Annual Flood Outlook (AFO) by the Nigerian Hydrological Services Agency (NIHSA).  Speaking through Director of Applied Meteorological Services of NiMet, Prof. Charles Anosike, who represented him at the event, harped on the importance of Early Warning and the potential positive impact on the economy and livelihoods of citizens when properly utilised.

The Director-General said that NiMet has, since February 15, 2022, released its Seasonal Climate Prediction (SCP) for the year with its attendant socio-economic implications. He explained that the effort to produce this prediction and release it to the public with sufficient lead-time, is for stakeholders, policy makers and the entire populace to take advantage of the prediction and advisories to make adequate climate smart and weather-wise plans and decisions.

He said for the year 2022, the rainfall has already been established in all southern cities in line with the predictions and is gradually getting established across the central part. In a few weeks rainfall would be fully established across the country, he observed.

Speaking further, he said the rainfall amount is generally expected to be normal in most places.  However, short-duration, high-intensity rainfall that characterised the onset months usually comes along with flash floods due to excess runoffs. For this and more, the Annual Flood Outlook is highly essential in reducing risks associated with all kinds of floods as would be unveiled. In this wise therefore, the essence of multi-agency cooperation must be stressed and appreciated.

Prof. Matazu further stressed that members of the public should avoid human activities that could jeopardise efforts being made by NiMet, NIHSA and all actors in managing risks such as our States and National emergency agencies. He also called on States and Federal actors to take up these predictions in order to reduce risks.

He congratulated the Honourable Minister for Water Resources, Engr. Suleiman Adamu and the Director-General of the Nigeria Hydrological Services Agency (NIHSA), Engr. Clement Nzeh for the public presentation of the 2022 Annual Flood Outlook (AFO) by the Agency considering the importance of early warning and its impact on the economy.

In attendance were the Honourable Minister of Water Resources, Engr. Suleiman H. Adamu, representative of the Honourable Minister for Environment, DG NEMA, DG FERMA, all other relevant agencies as well as stakeholders in the industry.

NiMet Harps on Forecast Feedback

The DG /CEO NiMet Prof. Mansur Bako Matazu has reiterated the importance of getting feedbacks on the forecast issued. Prof. Matazu disclosed this during his welcome address at the opening ceremony of the 2022 Edition of the workshop on Agro-Hydo-Climatic characteristics of the major rainy season in the Sudan and Sahel countries (West Africa sub-region including Mauritania and Chad) PRESA-SS

Represented by the Director of Weather Forecasting Services, Engr Mailadi Yusuf, Prof. Matazu said “Many times we don’t bother about what happens at the end of the cycle of our predictions. We solely rely on the same scientific methods we employ in developing the forecasts to evaluate their accuracy.” Prof. Matazu further stressed that it is important that a framework is developed that can be deployed to independently monitor the forecasts and report back in order to assess the accuracy.

Earlier in his opening remarks the Head, Department of Research and Information, at the Centre for Agricultural and Hydrological Meteorology, AGRHYMET, in Niamey, Niger Republic, Dr. Abdou Ali, disclosed that many actors are waiting for the outcome of this Forum to plan their activities.

Dr. Ali stressed that the workshop is important because it is “where we are going to do the co-production and expect commitment of all the participants”. He assured that with the cooperation of the department of AGRHYMET they will do their best to strengthen the commitment. On behalf of its partners, Dr Ali then recognised and thanked NiMet for its commitment to the association.

The objective of the workshop is to strengthen the capacity of National Meteorological and Hydrological Services NMHSs, through the co-production of agro-hydro-climatic forecasts for enhance productivity, sustainable development and disaster risk reduction.

It also aims to strengthen the capacity of participants on the techniques of analysis and characterization of Agro-Hydro-Climatic risks related to the main rainy season for the Sudan and Sahel regions.

Regional Forum on Seasonal Forecasting of Agro-Hydro-Climatic Characteristics of the rainy season for the Sudan -Sahel zone


Participants begin collation and harmonisation of results i.e Hydrology, Agromet and Climatology. Findings will be made public at the closing ceremony on Monday 25th April 2022.