Pepperstone Broker Review

June 14, 2018

Pepperstone offer:                                                             No Dealing Desk (NDD) 24 hour live chat facility 100% automated execution Ability to trade micro lots on currencies, metals and oil. Pepperstone offers you 70+ currency pairs, metals such as gold and silver, commodities such as oil and natural gas…


Be aware of Forex scammers!

Today, quite often there are people who have suffered from forex scammers on the Forex market. As a rule, these are the traders – beginners or people who have no idea what Forex is but decided to quickly invest as much money as possible. In this topic, I would like to draw your attention to the psychological tricks that forex scammers often use to attract naive customers.     What is…

May 30, 2018

Forex Brokers – 7 Criteria for Choosing the Best One

In order to make trading transactions on the foreign exchange market, the trader needs an intermediary (forex brokers) having the right to grant access to other financial markets. In the market there is a huge number of forex brokers (or companies advertise themselves as such) who claim that their services and conditions are better than those of competitors. Therefore, a challenge will be to find among them the one who…

May 30, 2018

IC Markets Review

May 28, 2018

IC Markets Review by TradeForex.NG   IC Markets Offer: Tight spreads Quality trade fills Fast execution Exceptional customer service       IC Markets was incorporated back in 2007, in Sydney, Australia, and pride themselves on being a True ECN broker offering innovative, cutting edge technology. Today they are one of Australia’s largest CFD and Forex providers offering over 90 currencies, metals and CFDs, and a variety of cryptocurrencies such…


What is Forex?

May 25, 2018

What is Forex? Forex – is the name of the international inter-bank foreign exchange market (Forex is short for Foreign Exchange Market). Its daily turnover is around $6 trillion, making Forex one of the largest segments of the global financial industry and one of the most lucrative markets for private investors. Among them may be you. If we have a look at the Forex market, the scheme is quite simple and…


Hot Forex Broker Review

May 5, 2018

Hot Forex Review by TradeForex.NG Hot Forex Offer: Naira (NGN) Accounts Tight Spreads from as low as 0.1 Flexible leverage up to 1:1000 FIX Account trade with Fixed Spreads Ongoing Promotions   Hot Forex has been around since 2010 and has already proven itself in being a multi award-winning brand that contributes to several communities through charitable donations and takes social corporate responsibility seriously. Based in Cyprus, they offer various…


Forex Brokers: Dealing Desk vs No Dealing Desk

All forex brokers can be divided into several groups (categories), according to their business model: Dealing centers Dealing Desk (DD) brokers No Dealing Desk (NDD) brokers Brokers who have mixed business model In turn NDD-Brokers may be divided into two subgroups: Straight Through Processing (STP) Electronic Communications Network (ECN)   DD Broker – the so-called Dealing Desk – works by issuing its own orders and maintain fixed spreads. Dealing Desk-brokers…

April 26, 2018

Nigeria Central Bank Boosts Liquidity

nigeria central bank boosts liquidity
February 11, 2018

The Nigeria central bank has stated that they have injected the amount of $325.64 million into the interbank foreign exchange market in order to help with the efforts of reducing dollar shortages and boosting liquidity. The recession of 2016 was no surprise to millions of Nigerians, but many say they haven’t seen it quite as bad before. Nigeria is an OPEC member with the largest economy in Africa, and fell…


What is a Pip in Forex?

Pip (also called point) is the minimum price movement in Forex. We know that when trading in the forex market a trader chooses a currency pair in which one currency is sold and another is bought and then the trader earns on the difference in prices. So when the value of the currency changes, the amount after the change occurred is called a pip (point). Let’s look at this with an example. Suppose…

December 17, 2016