Adwords Traffic 0 Number of visitors brought to the website via paid search results. View Full Report. DNS Report. IP Address Information. Server IP Domain Whois Record. This date does not necessarily reflect the expiration date of the domain name registrant's agreement with the sponsoring registrar.
Users may consult the sponsoring registrar's Whois database to view the registrar's reported date of expiration for this registration. Users accessing the Name. And you don't even need very high capital to start. On the downside , one bad trade without proper money management can be disastrous, or trading with real money without practising on demo.
These are just the few risks. How you can manage these risks? Be cautious, have a fully tested trading strategy on demo and use good risk management to be successful at forex trading. At Forextrading. NG our ultimate aim is to help you choose the best broker for your trading needs.
NG is an Investment Comparison website with an aim to help Investors in Nigeria find the best forex brokers. Read More.
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Read full risk disclaimer.. All Rights Reserved, See Best Brokers! For Nigerian Investors, forex trading can be a way to earn wealth.
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Don't have time right now? Read the guide later! Chapter 1 What is Forex Trading? Chapter 2 Understanding Currency Pairs. Chapter 3 How to start Forex Trading? Chapter 4 Forex Trading Strategies. Chapter 5 Forex Trading Platforms.
Real Life example of Forex Trading Have you traveled overseas? In this chapter, you will learn everything you need to know about Currency pairs.
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Let's start! Types of Currency Pairs Currency pairs are mainly classified into 3 types: 1 Major Currency pairs: These are the currency pairs that include US Dollar as one of currency in the pair. Currency Pairs Lingo While trading forex, you would come across these common terms. Close the trade To realize your proft or loss , you need to close the trade that you opened. In this chapter we will only analyse popular technical analysis strategies. Technical Analysis Most technical forex trading strategies involve some level of study and analyse of the chart or trend patterns of the currencies before making an actual trade.
Now let's look into some of the most popular forex trading strategies. Plus Alpari Invest app. Forex Trading, like any other investment has many benefits but also carries significant risks. If you feel that the particular currency is on the way up, you can buy it and go long. On the other hand, if you feel that a currency is not performing well, you can sell it and go short. Open 24 hours: Another key benefit of forex trading is the ability to trade 24 hours, for five days in a week.
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These trading hours are much longer compared to traditional stock exchanges which allow you to place an order or close it during limited trading hours. You might want to check out our guide on best time to trade forex in Nigeria as the opportunities to make profits are higher during certain market hours. Currency choices: Another major benefit is that forex trading allows you to trade in a wide range of currencies from around the world. Risks of Forex Trading There are certain risks attached with forex trading, which you need to be aware of.
High Risk with Leverage: Almost all Forex brokers offer very high leverage , as high as in many cases. But, using a very high leverage puts your trading capital at huge risk of depleting very fast with even a single bad trade. In this example, you can lose your full capital if the price goes just 10 pips against you. You should definitely avoid brokers that promote forex as a get rich quick schemes. And unfortunately, you cannot control these factors. Emotional Stress: Let's face it, forex trading can be extremely challenging emotionally.
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This can be emotionally stressful for you. How does ForexTrading. NG help you? What they have done is insulting. As for paypal they will soon beg Nigerians to use them. However, if you can not predict where the market is going perfectly, then why risk your hard-earned money.
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Forex is a business where profit is the sole aim with provision for unforeseen circumstances stop loss. If there is no way to trade forex successfully, then, it is Gambling not a business. Invite [email protected] to your messenger list for free signals and more facts about Forex. Thank you very much for that timely and candid information. Please i would like to know if there is any company in Nigeria that offers a trading platform?
Hi Kelechi, My name is Abraham. I would have advice you to open account with foriegn Trading company in oversea like Japan. Our company will help you to trade with our best service. If you need more information feel free to contact me with my email above. Take care. I just came across this blog while doing a Google search. Interesting what is going on in Nigeria. Believe me, it is not only in Nigeria where forex scams are going on, there are many places all over the Internet, all over the world.
We have created ratings we have collected from unbiased individual traders from all over the Internet. If you stay with our top rated brokers, you will not be scammed. If you use anyone else, I cannot guarantee.