Jun 25, 2020 · Forex Trading Example in Nigeria Let’s say NGN/USD is trading at 0.002575/0.002595 and you think the price will rise, so you prepare to buy the pair. You want ₦1,000,000. A licensed Nigerian forex trade brokerage first can help with this. In the case of Nigeria forex trading is legal, but at the time there are not many regulations on the books. As stated before it is very important to know all there is when it comes to legal Nigerian forex trading platforms. Many traders I have interacted with said that the London Session is the best time to trade forex in Nigeria. And their reason is that that is when the market moves greatly. In other words, there is usually more volume of currency in the market during the London Session. Sep 26, 2020 · “With Nigeria’s population presently standing at over 200 million, comprising of vibrant youths who are mostly unemployed, forex trading has become a legitimate way for them to earn money at their fingertips, and also it has become a way to earn passive income for the employed populace.
For Nigerian Investors, forex trading can be a way to earn wealth. It involves speculating on the rise and fall of the currency fluctuations. It has become really popular in Nigeria with an estimated daily trading volume of ₦300-450 million. The list of the best Nigerian forex brokers for 2020 was compiled after extensive research from our expert analysts. eToro is the best social trading broker for Nigerians, offering them the CopyTrader and other excellent features. plus500 is unique for the numerous demo accounts it makes available to Nigerian traders and others all over the world. Experience forex trading in Nigeria at its best with Team Queen Wiki - a first-class global broker. Earn while Learning with CashFX Nigeria. Sign up today! Yes forex trading is legal in Nigeria. With the rapidly growing Nigerian economy, it was no wonder that the Nigerian forex market has witnessed rapid growth during the past decade, as more and more middle class Nigerians have been joining the fx market. This boom has led to many scams and fraud taking place.
May 16, 2020 · Forex Trading Brokers in Nigeria The sad news is that, currently, no reliable brokers are based in Nigeria. The most viable option for Nigerian traders to enjoy potential profits from the foreign exchange markets is to utilize the services of an offshore broker, or a foreign country-based forex broker.
Sep 26, 2020 · “With Nigeria’s population presently standing at over 200 million, comprising of vibrant youths who are mostly unemployed, forex trading has become a legitimate way for them to earn money at their fingertips, and also it has become a way to earn passive income for the employed populace.
iMarketsLive is a company that provides you with at least 2 sources of income. You can either get a full training & Guidiance on how to trade Forex in Nigeria and use the products we provide to double Mar 16, 2019 Jun 25, 2020