Forex Trading

Given the dynamics of the financial landscape and technological advancements, launching a Forex business in 2024 can be lucrative for those implementing the right approach.  The currency trading arena is constantly evolving, presenting challenges and opportunities for prospective brokers in the future. Now, let's explore the important steps needed to transform your ambitions of establishing a brokerage into a reality. Set Your Goals Building a strong base for your business is crucial before diving into the details. Start by clearly defining your distinctive value proposition. Consider what sets your brokerage apart in a crowded market; perhaps you offer cutting-edge trading technologies or...

In the ever-shifting world of foreign exchange (forex) investments, a seismic shift is underway, and it's a social revolution redefining how people participate in the currency market. Imagine a world where your path to trading mastery involves following the footsteps of seasoned experts, where every trade they make can be replicated with a simple click. This is the power of copy trading, where technology marries social collaboration to transform how forex trading is done. The article unveils how copy trading – the trading method democratising financial markets – is not just changing the game; it's rewriting the rulebook. Introduction to Copy...

Back when the Forex market was only emerging and broker companies were still few in number, traders faced no trouble in deciding which one would be the right one for them. Today novice traders appear to be perplexed at times: How to choose from dozens or even thousands of forex companies the exact one which will be suitable for them and that they can rely on. Quite a number of people looking to invest face the problem of deciding which broker to pick. When choosing, one should thoroughly research numerous aspects, including reliability, the regulation of the trading platform, and...

Due to the large volume of transactions on the Forex market, many investors have decided to invest their personal funds in trading. There is no need to hope that in the first days, trading will be able to bring impressive amounts. It all depends on training, understanding the market, the ability to analyze the situation, and observing the news agenda of the world's major economies. However, forex trade in Nigeria can give novice investors the opportunity to multiply their savings and not think about employment. Trading Basics The trader earns on the price difference. It sounds simple, but the financial market includes...

Local depositor service was introduced in FreshForex in 2020 and has been quite successful ever since. Having traders in countries such as RSA, Nigeria, Botswana, Malaysia, Indonesia and many others, this type of cooperation has become more than just an ordinary payment method, but a type of partnership with various possibilities and career prospects. Who is a Local depositor? Why do clients prefer Local depositor service? How do Local depositors earn in FreshForex? What’s the advantage of being a Local depositor of FreshForex? Who can become a Local depositor? How to become a...

Different online brokers have different apps with varying degrees of sophistication and features. A reliable smartphone for online trading will be the one that can handle charts, your trading orders, allow you to view reports, without hanging or freezing, and has security features. Nigerian Stockbrokers such as Meristem Securities, Cardinalstone Securities, etc. all have their mobile first online trading platforms. Also popular forex brokers offer trading Apps like MetaTrader 4 & 5, which need a good smartphone to function well. If you have already bought a smartphone, and want to find out its specifications, check the settings to understand the specs of...

If you are a novice trader, you may be wondering what indices are and how to trade them. Indices trading can be a great way to diversify your portfolio and potentially earn profits in any market condition. Indices trading reduces your risks by spreading your investments across many different securities. In this article, we will introduce you to the world of indices trading and share some of the best strategies for success. What is Indices Trading? Index trading is a very popular way to invest in the stock market. In index investing, you will buy and sell on an entire group of stocks...

Many factors combine to determine the feasibility of a platform, such as its reliability, trading interface, reputation, fees, and other offered services. No matter how skillful you are as a trader, an inadequate trading platform can jeopardize your trading routine and harm your progress. Therefore, choosing the right trading platform is extremely important, so that one can participate in the financial markets safely. For example, MT4 for PC or mobile is a reliable and well-known platform, popular among all kinds of traders thanks to its user-friendly design, various charting objects, order types, timeframes, and built-in indicators. Here, we have listed the...

"Master Forex”. I’m almost certain I have never heard these two words put together before. I mean, is this even a thing? One can attain mastery in a thing like...like forex trading? Hold that thought while I tell you a quick story. Picasso is casually sitting in a park. A woman, recognizing him, walks up to him and begs for a portrait of herself. Picasso is in a good mood so he agrees to. In a few really short minutes, he hands her the portrait. Completely awed and excited, she asks how much she owes him. “$5,000, ma’am”, replied Picasso. In wide-eyed...

Let’s be honest, we do not adore those African traditional movies anymore. The ones where coronation ceremonies are held; where the king will be forced to drink one or two concoctions, perform some ritual rites and then finally sit on his throne and have people sing great songs to him. While some of us have stopped consuming that form of Nollywood entertainment, we forget that we live it everyday. We want to become kings and masters at our workplaces, or in businesses we manage, we want to have those skills that make us “boss”. So, we perform the rites needed...

We’ve all got big dreams. For you; it might be dancing in the O2 Arena, alongside one of the biggest artists in Nigeria. For someone else; it could be developing a great product that will get your startup the right funding, while for others it could just be making legitimate money, regardless of how much time is invested in the job. The tricky part of life is; for one to take a dream out of sleep-time, it takes WORK, in reality. And like the 10,000-hour rule says; the key to achieving true expertise in any skill is simply a matter...

It takes a hero to recognize another hero. So just know you aren’t reading this by mistake. We found you, just at the right time. Remember Clark Kent? Who we know to be “Superman”; the man who worked two jobs; as a hero and a Journalist. Yeah that man is a representation of everything you are. You may not be jumping from building to building by night and then switching to a student by day, nor are you flying with a cape around the city. You are doing much more...with your feet on the ground anyways. We see you working a 9-5 and...

Some Forex traders spend hours monitoring the market. Others make a few trades during the week. Whatever your strategy, you may lack competence or time. Mastering Forex trading is not easy. Fortunately, there is a way to delegate decisions to a seasoned expert. But how does copy trading work in South Africa? How Does Copy Trading Work? Copy Trading is an innovative approach to online trading that allows individuals to automatically copy the trades and strategies of experienced traders. It is gaining in popularity because it takes the complexities out of the online trading process, making it more accessible to individuals...

Online trading is growing quickly, and there are so many platforms that are available for retail as well as institutional investors. But there are a lot of factors to consider before you decide to invest through a platform or an app, such as regulation, trading instruments offered, fees, ease of use, investor protection etc. By reviewing and comparing different trading platforms, we have made a list of the best trading platforms and what they have to offer to the Nigerian community. This article will help you choose the best trading platform based on your trading requirements. What is a Trading Platform? A trading platform...

Trading in the financial markets has become extremely popular nowadays, especially when many people are now looking for additional sources of income. In today's high-tech society, all trading transactions are carried out online, which means that you can trade from anywhere in the world. All you need is a speedy Internet connection and a device. You can use your PC, your laptop, a smartphone or a tablet - you name it! While many professional traders spend hours at their monitors, this may not be the case for you. If you have another job, or if you are always on the go...

You need a dealer to work out the company on the exchange anytime you choose to sell. A significant investment consideration is a broker you pick. There are presently 70 brokers in India to pick from. However, you should turn to many of the leading global brokers. Some activities can lead to a total capital loss in the high-level leverage of forex day trading. There are 5 main errors day traders can make to maximize returns, but those have the opposite impact in the end. Below we explain five potentially catastrophic errors that knowledge, practice, and an alternative solution can prevent. 1....

Anyone can start trading currencies on the global market. In South Africa, they may be done with the help of Alpari mt4. The most popular platform for trades, it has gained worldwide recognition thanks to its wide functionality and ease of use. This guide will help you start. The software allows users to test their skills using the risk-free demo mode. Alternatively, you can venture out into actual trading with a live account. Here is how both types should be set up. When Demo Accounts Are Best These are a must for finance rookies with little knowledge of stocks and exchange logic,...

Finding an online trading platform to rely on these days is rather easy due to the number of available platforms. There are platforms for all kinds of assets and instruments as well as platforms designed for all sorts of personalities and needs. However, not all platforms are suitable for all traders, and you will have to do some research to find the best platform for you, and in the following guide, we provide insight into five things you have to consider when picking a trading platform. 1. Availability in Your Region The number one thing you have to ensure is that the...

The Nigerian Naira is a volatile currency, made even more so by rise and fall of crude oil prices. Within the country, there is also a dollar shortage, so while tourists and businessmen visiting are encouraged to use their dollars, it is very difficult if not impossible for them to be able to exchange back for dollars. To assist in its liquidity at the end of October 2018, the Central Bank of Nigeria allocated $100 billion to authorised forex dealers. This is not the first time the bank has intervened and CBN promises it will not be their last, as...

Wetinberate Emerges As One-Stop Resource For Real Time Nigerian Naira Official Rates Wetinberate has come up as the most trusted platform for real-time Naira official, Bureau De Change and black market rates online. It also offers comparison chart on money transfer companies. All those in quest of a trusted Nigeria naira exchange rate platform need not search further. Wetinberate.com has reportedly emerged as the absolute resource for real-time Naira official rates online today. Be it a student charting out his budget for studying in the USA or a trader aspiring for the right time to make the right move for stellar...