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.
Discovering this trend, the first group of people who got their fingers burnt trading, turned into trainers and also brought about an influx of foreign forex brokers in Nigeria. For example Alpari, Liteforex, Instaforex and many others. The influx of foreign brokers also helped in popularising forex because they embarked in a national campaign, going into various cities, educating investors.
Secondly, to become among successful forex traders in Nigeria, you will need to learn with forex trading demo. There are different platforms that will allow you to practicalized the business using a demo account loaded with virtual money. At least, you must do this for 2months so that you can have enough experience on how it works before you start using your real money.
Nigerian Forex Market: All You Need To Know. In this article we would be giving you all the details you would be needing on the Nigerian Forex Market ( Nigerian Foreign Exchange Market ). We would be explaining what foreign exchange mean, the history of Forex in Nigeria and also the structure of the Nigerian foreign exchange market.
LiteForex’s history can be traced back to the year 2005. The company’s official opening took place on the 2th of July. The creation of a brokerage company that could rival existing companies and satisfy traders’ real requirements when working on the Forex international market was the initial concept.
Forex market hours. When to trade and when not to. Forex market is open 24 hours a day. It provides a great opportunity for traders to trade at any time of the day or night. However, when it seems to be not so important at the beginning, the right time to trade is one of the most crucial points in becoming a successful Forex trader.
FX Empire’s top picks for the best forex brokers in Nigeria. We evaluated online brokers for their regulations, trading platforms, customer service, account types, commissions and more.
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of.