History of forex trading in nigeria
Standard Revisited. I will advice you use the big and established Forex trading platforms only. Another factor that contributed to this wave was that Nigerians did not need to pay huge bank charges in moving their money to offshore brokers as they already have several here. Anyone can get access to this market via a brokerage company. Easily accessible and efficient service, your broker must be easily accessible and must be available round the clock to help you with your trading. You must be good with the virtual trade before you ever attempt with real money because once you are up with the real money, there is no going back, its either profit or loss. Fast Internet Connection, you need a very fast and reliable internet connection to be able to trade Forex in Nigeria or elsewhere. It wasnt initially embraced by Nigerians back then, mostly because Nigerians prefer doing tangible business and moreover the infrastructure (internet connection and electricity) was relatively poor. Have A Domiciliary Account. Nigerias GDP as shown steady growth and availability of workforce makes this country lucrative for business for foreign companies.
It wasnt initially embraced by Nigerians back then, mostly because Nigerians prefer doing tangible business and moreover the infrastructure (internet connection and electricity) was relatively poor.
The emergence of Ponzi schemes by some.
Post your opinion about the brokerage company you work with, it will help other traders avoid mistakes and choose a good broker. How To Get Started With Your Forex Trade. What Is Wrong With Gold? Then we'll take a look at the major players that occupy the forex market - something that is important for all potential forex traders to understand. We likely had more! We've learned a lot thus far and it's almost time to start trading, but given the global nature of the forex exchange market, it's important to first examine and learn some of the important historical events relating to currencies and currency exchange. Thus you will be impervious to many risks and will make profitable trades on Forex. Suppose you place a sell order for Naira at a market" of 314.99 forex edge model against USD. So, follow through to the end and dont forget to drop a comment. Bretton Woods system of international monetary management. As a result, more brokers will turn their attention to this country making it more difficult for new traders to choose an appropriate one.