Official Forex partner in Nigeria

4 stars based on 55 reviews

Tuesday, 17 April at Its been a long time since I started hearing about FOREX trading in Nigeria and have even come in contact with countless numbers of traders most of who have nothing to show for it. Forex trading is real, i must tell you. The problem is not in trading it self, though it is highly technical, but in the self proclaimed forex guru's. All you need is the right form of training, and the necessary resources.

You actually get better with each trading day. This is just the fact that most of the traders are ignorant of, thereby causing themselves serious financial harm. Hi Everyone, I am here to tell you in a nut shell the simple truth about forex trading. It is real and very very profitable and also very very very v, e, r, r, y risky. Go ask buffet Richest man in the world Forex trading is not different from what we see in the bereau de change how does forex trading work in nigeria they buy dollars to sell pounds or sell eur to bur pound or dollars but in how does forex trading work in nigeria case of automated forex trading, we see these trades take place in mutes or hours and even days and months depending on the way you want to trade.

But because we can;t trade on our own, that is where we how does forex trading work in nigeria a broker to trade on their platform and they charge their own commision per each trade you execute. If you don't have a good source of money inflow, you cannot trade forex 2.

If you hate reading and constant self improvement, forex is not for you. If you are greedy, simple forget about forex trading. I can continue to list many factors that affect forex trading business in Nigeria and the number factor is that many people trading forex in Nigeria are poor or jobless and this is not good for forex trading because if you are not careful, you may lose so much that you may need to fund your account to continue traing and that is where the other financial source comes in.

But this is no big deal because you are supposed to demo trade for as long as you are sure you can trade real money so no fear. Now enough of all these ecclesiastical mumbo jumbo and lets get down to the basis. IF you are really interested in starting a forex trading business, then you can totally depend on these info worth thousands of dollars but i will give you free of charge.

Follow these steps to get started. Get a desktop or laptop computer with good speed and processor with internet connection. Use a good dial up for a start.

Go to google and write the phrase Downloading interbank platform for forex demo trading Note that you can use any how does forex trading work in nigeria later when ready for real trading and you can continue with interbank.

So familarise yourself with trading with platforms which is a practical approach rather than giving yourself headache raeding your life out. Simply read the manual how does forex trading work in nigeria the platform which you can get from the help section on the platform.

Please read extensively on money management as this is the area many people fail in forex. And read how does forex trading work in nigeria about resistance and support level as well as trend lines as these areas are the focal points of making money in forex. Trading forex is the best thing that will ever happen to you. Depending on your start up cap1tal and lot size you can make usd, usd, usd, usd, usd or more in just one day and you can also lose same.

Now let me show you why how does forex trading work in nigeria people lose money so swiftly in forex and they come out saying forex trading is a scam.

Look at this two traders, one is disciplined and the other is very greedy. I will be using some terms but you will understand them as you read your babypips how does forex trading work in nigeria education. On the average, he wins 4 trades and loses 3 on a daily basis.

So you can see how easy it is for a greedy man to lose all his money trading forex and that is the story of many Nigerians in particular, they want to trade bigger lot with smaller amount thereby losing all their money but why can;t they be ok with at least usd or even usd profit daily and build their trading capital to the level where they can conviniently trade bugger lots.

And for those who are really how does forex trading work in nigeria and are only hoping to get even a computer system, we are designing a program that will put you on your road to forex trading in a matter of months. So are you interested in Trading forex profitably? Just send me an e-mail and i will show you 1. I will introduce you to good trading software that will act as a guide for you to know when to enter and exit a trade.

For more info on forex trading e-mail diamondfieldng yahoo. Dont mind all this forex trades oh, im also a froex trader myself. Big boys in dis game dont come online asking to show u d way. To anyone who is interested in forex, i must let u know that it is very very risky. It will take u over 1yr to how does forex trading work in nigeria a baby trader how does forex trading work in nigeria over 3yrs to become a pro.

Its very profitable, but my guy u have to bew ready to face d stress of ur lifer. Truth is forex trading is just like evfery other biz. People selling rechargf cads and make this returns, people selling clothes can make dis returns, many businesses can make dis retuirns.

So u must have a passion for forex, also b prepared to loose up to dollars ore more b4 u start making it in forex. Im tired of typingif u want to hear more ephisi yahoo. All thes gutys here, tell them to show u their account statements of 1year with evidence of withdrawals from ther account. That will be a good start cheers.

Guy its very obvious u are not trading a live account. If u are not trading live, stop promoting somtin thats not working for u already. First on ur demo acount, u are not practising any moneymanagement. U set a take profit without setting a stoploss. First on your demo acount, u are not practising any moneymanagement. You set a take profit without setting a stoploss. I believe you are not referring to my post because i did set a stop loss and take profit with 2 instances of good and bad money management.

Big boys in this game don't come online asking to show u d way. Its very profitable, but my guy u have to bew ready to face d stress of your lifer. People selling rechargf cads and make this returns, people selling clothes can make this returns, many businesses can make this retuirns. So u must have a passion for forex, also b prepared to loose up to dollars ore more before u start making it in forex.

I'm tired of typingif u want to hear more ephisi yahoo. That will be a good start cheers Mr please will you be honest enough to tell Nairalanders how long you traded on demo before trading live, maybe this was what led to your loss and therefore made all the assertions in your post.

If you are knowledgable in Forex, you will understand that it does not take a month to know how to trade forex profitably but all it takes is proper self education with practical approach with good money management.

What on earth made you conclude that it will take years to how does forex trading work in nigeria a seasoned trader and why do you think that how does forex trading work in nigeria big gurus will not spend time educating other people for a token fee.

Haba, where did the good e-books like babypips and the likes come from? Everyone wants to make money so why won't they teach others for profits. Let me be clear here, any openminded person will read my post and agree with the how does forex trading work in nigeria i mentioned there and i would have pasted my demo account result here except that print screen function on my laptop is not responding to show that you don't have to spend months let alone years to be a profitable Forex trader.

I wonder why many people love deciet, if i have come here with some manupulative chart picture of my earnings, you would have believed me but because i said i have been demo trading for about 3months now, you are asking for a proof and who says the result of demo trading will not reflect in live trading. Bros, life is a matter of choice and i have learnt in life that myopic people don't go far in life. Let people wait to see one year's screen shot of earnings before they learn the business,afterall, its never too late cos the business have been there even before i was born.

And lastly, i have not asked a dime from anyone rather i only shared my knowledge and experience with people to learn from. Thanks all the same. Hi everyone, some sent me a mail asking about softwares combination for forex trading. Here is my reply to him so i am posting it here for you to learn from it. If you use winning solutions then i will advise that you strictly stick to the rules by buying when the trade enters the blue region but always use a buy stop and place it 5pips above the stipulated price quote then take your profit at 10pips below the take profit quote of the software but most times we see that the profit exceeds the blue area up to the overbought or oversold region, Now to maximise your profit, i advice that you add to the winning position by adding another long trade by placing a buy stop of same currency pair a little above 5pips into the blue region and take profit at the same 10pips less than the software quote or you may let your profit run and use a trail stop of 15 0r 25pips Using this signal with this method, you will be sure to get the best from wss without really looking for any added software.

Why people complain that some softwares are not, working is because they lack the rudimentary knowlegde about forex trading and depends solely on the software. Try reading about pivot points,then combine it with any software you are using, i am sure you will get a better result. Hello nairalanders, A nairalander sent me the following mail: Let me know your price for the information. Thanks so much for your e-mail.

And as you can see what i wrote in my earlier post, this mailer lost all his or her money simply due to naivity because i am sure he or she rushed into live trading without demo trading for at least 2 or 3 months. If you want to profit in forex, never how does forex trading work in nigeria ever trade live accout until you can conveniently place ten trades without losing more than two or three. Thanks Make great income online. Check out our account statement as attached Royal Trading, we are too busy to bore you with advertisement jingo.

L4, Ahmadu Bello Way Kaduna. Toks, the truth is bitter, very bitter. If u want to train eople tell them d truth of this game. I tell people the truth so that if they cant withstand d psycological strain of losingthe run away. Rule no 1, do not trade with money u cannot afford to loose. What i am saying is that it dosnt come easy. Even with the best traingin, u are not guaranteed profit. A profitable system is not a guarantee of making money.

Alot of peopl train on system, softwares, techniques, but how many people do u hear talking how does forex trading work in nigeria trainingon trading psychology and mental fitness.

If u like use all d systems profitable on earth without mental fintness and trading psycology. Thtas why i said it will take u time to become a seasoned trader. Any one can trade under 1month, but not anyone can make money trading forex in just 3monhts. Also, the good traders dont waste time looking for people to train, people runafter them.

I tell people the truth so that if they can't withstand d psycological strain of losingthe run away. Also, the good traders don't waste time looking for people to train, people runafter them.

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Forex Trading in Nigeria was something unsubstantial in the early 19th centuries for individuals, because back then Forex Trading was deemed suitable for only big conglomerates, financial institutions, and highly well to do Nigeria citizens were the kind of individuals and organizations that participated in Forex Trade.

But now taking into account how flexible Forex Trading is, regular Nigeria Individuals can now participate in Forex Trading. To start Forex Trading in Nigeria, there are some technical terminologies you need to get familiar with, these terminologies are used as metrics to measure your success when you do Forex Trade. This phrase is also sometimes used to refer to currency quotes which do not involve the U. For example, if an exchange rate between the British pound and the Japanese yen was quoted in an American newspaper, this would be considered a cross rate in this context, because neither the pound or the yen is the standard currency of the U.

However, if the exchange rate between the pound and the U. Also called point or points. Increasing your leverage magnifies both gains and losses. To calculate the leverage used, divide the total value of your open positions by the total margin balance in your account. Used margin is that amount which is being used to maintain an open position, whereas free margin is the amount available to open new positions. This allows a trader to leverage his account by up to times or a leverage ratio of Most brokers will automatically close a trade when the margin balance falls below the amount required to keep it open.

In order to break even on a trade, a position must move in the direction of the trade by an amount equal to the spread. The reason for this is because in any foreign exchange transaction you are simultaneously buying one currency and selling another. In other words, in the example above, you have to pay 1. In other words, in the example above, you will receive 1.

An easy way to think about it is like this: So, whether you buy or sell a currency pair, it is always based upon the first currency in the pair; the base currency.

The basic point of Forex trading is to buy a currency pair if you think its base currency will appreciate increase in value relative to the quote currency. If you think the base currency will depreciate lose value relative to the quote currency you would sell the pair. Thus, at the bid price, a trader can sell the base currency to their broker. Thus, at the ask price you can buy the base currency from your broker. Most currency are traded during the decrease or increase of the currency exchange rate, you buy when if falls and sell when it's high.

A lot of economical factors affects the value of a country's currency, so therefore to start Forex Trading one needs to be informative. Not everyone that goes on to start Forex Trading achieves success and that is a normal condition for any business to account for looses, it's how you learn from it that helps you handle such situations next time.

While some people do lose in Forext Trading others profit. Alpari, Instaforex, Liteforex, Marketiva etc. Get a Domiciliary or Liberty Reserve Account: A liberty reserve account is an electronic base payment where you can store value in U. You will need either to be able to withdraw or deposit your Forex Trade account, Most Forex Trader can be of assistance in this area if you will need help.

Start Up Capital Investment. Other requirements are 1. Forex Trading in Nigeria is a lucrative one if you are patient, observant character. Device your own strategy for trading, work with an ethical principle, have a more discipline attitude and approach when trading. Learn to count your loses and learn from it, and become better at each trade. Follow this Forex Trading concept and you will see how successful you can get when you Start Trading Forex in Nigeria.

Instaforex-Africa is an online forex broker agency that will provide you the technical know hows on how you will succeed in your quest to become successful with your online forex trading. We provide the forex trading platforms and free forex trading tutorials. Call us today on and get our professional agent guide you through the process of setting up a demo account.

Best Forex Indicator Successful Forex Traders Strategies Best Forex Broker in Nigeria How To Trade Forex Profitably Forex Trading Strategies For Beginners Forex Trading Strategies Home. Instaforex-Africa Instaforex-Africa is an online forex broker agency that will provide you the technical know hows on how you will succeed in your quest to become successful with your online forex trading.

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