Forex Trading is one of the potential ways of making money in Nigeria. Read simple tips for forex training / tutorials etc. CLIENT AREA | KNOWLEDGE BASE | CONTACT US | Telephone: 01 Estimated Reading Time: 5 mins Mint Trading Academy is a project solution hub that is established to provide forex traders with sure free trading signals and quality mentorship. 11 N26 Business Academy No 6, Lateef Shofowora Street, off General Hospital Road, Gbagada, Lagos, Nigeria Introduction to Forex — is a basic Forex e-book by 1st Forex Trading Academy. It will introduce all basic concepts of Forex trading to you and will teach you the fundamentals of Forex market. It is a must-read book if you are beginner in Forex. The Law of Charts — introduces the basics of Forex charts, shows the important chart formations. You will learn how to recognize real trading patterns and false
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We would be discussing Forex Trading in Nigeria relative to the risk and potential gains. WARNING: Forex Trading is highly speculative in nature. Do not trade what you can not afford to lose. The opinion shared in this piece is informational only and not to be considered formal investment advice. Forex retail foreign exchange market Trading is one of the potential ways of making money in Nigeria.
It is simply based on the premise that the leading currencies used in international trading do fluctuate in value, relative to one another. The opportunity is then to rightly speculate when a currency is likely to gain value and then hedge against it. In the simplest terms, you buy a currency when its exchange rate is low relative to another currency, and sell at the best moment when the rate increases significantly — for a profit.
Foreign Currency Trading is not new and has existed for a very long time. It has only become more accessible to the average person through the much where to learn forex trading in lagos nigeria retail market. What has changed? The internet has become much more available in Nigeria like most of the world.
Technology has since developed in the forex market with many companies developing tools intended to facilitate electronic trading and making it easy for average people to buy and sell. The typical way to trade is to open a brokerage account with a company that specializes in offering access to global trading marketing. A healthy deposit is typically where to learn forex trading in lagos nigeria to gain access. They would typically offer a dashboard that enables the trader to monitor their balances across the various currencies.
Considering the dashboard would serve as the central point for the trading activity, it would usually include many more tools like. The best forex broker companies would usually offer software. The software could be a Windows or Mac version where to learn forex trading in lagos nigeria laptops and desktops or a smartphone app for Apple iPhones where to learn forex trading in lagos nigeria Android smartphones.
The software would enable the trader to not only monitor their account but also carry out some trading transactions. A factor in considering when trading remotely through a downloaded software is that an excellent and sustained internet connection is highly recommended. Added to the risk of a power outage in Nigeria, a virtual server is a strong alternative. You can install your forex trading software on a virtual server running a Microsoft Windows operating system. Honestly, this fluctuates from time to time.
The leading global currencies tend to have a higher volume of trading but the exchange rate between them is always changing. Factors affecting the changes include but are not limited to:. It is worth noting that trading the above pairs do not necessarily offer the best profits but the list is only intended to highlight the most popular ones. While just about anyone can start trading in the retail foreign exchange market due to its accessibility, it might not be advisable for just about anyone.
I cannot highlight the risk of losing all your invested funds enough. Training If you have read this far, you are probably a beginner looking to make money. To start, you would need to go through intensive training and tutorials. Where possible, go with an offline face-to-face training with a reputable forex brokerage company who already have a verifiable result.
There are some individuals whose main method of making money from forex is to offer training and tutorials for money. Practising on a demo account After training, where to learn forex trading in lagos nigeria, it is still a very good idea to practice your skills and build a trading experience. Do so by opening a demo account with the forex broker you intended to trade through. All the best trading platforms would offer a demo account to beginners. You can tune your skills further here and practice what you have learned.
You should only move to the live trading platform when you are very sure of your skills and have gained sufficient confidence. Trading in the real market Once you feel ready, you can fund your forex trading account and start trading in the real world based on the currency pairs you feel would offer the best returns on investment at that particular point in time.
Be aware of forex fraud and avoid it by all means. Good luck! Sounds interesting but i need a broker to undergo training with so i could start trading on my own. How much can it cost a beginner to Lear Forex trading in Nigeria. From Callistus Nwanyanwu. please i need face-to-face training here in Lagos, can you help me with any contact of the training pls.
Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email, where to learn forex trading in lagos nigeria. This site uses Akismet to reduce spam. Learn how your comment data is processed. thank you,but where can one get a good brokers for training here in lagos. Sounds interesting but i need a broker to undergo training with so i could start trading on my own Thanks. how do i go about the training.
Good, but where can i get good broker for training in lagos? Hi Adewumi I ma a Senior Account Manager and I can assist you with a broker and getting the education. please where can I get face-to-face training here in Lagos, i need the training pls. Leave a Reply Cancel reply Your email address will not be published.
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Forex Trading is one of the potential ways of making money in Nigeria. Read simple tips for forex training / tutorials etc. CLIENT AREA | KNOWLEDGE BASE | CONTACT US | Telephone: 01 Estimated Reading Time: 5 mins Find Forex Trading platform and strategies in Lagos,Nigeria. Enrol online trading course and get 95% off for Laimoon users! Search Forex Trading courses for beginners and advanced level in Lagos,Nigeria Our mission is to help you create a wealth legacy ensuring a certain prosperous future for you and your loved ones. This we do by leveraging Knowledge and top Forex expertise. The Cash FX Academy product means that you gain strategic knowledge on the dynamics of the Forex market while the Pros trade Estimated Reading Time: 2 mins
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