Forex trading involves buying and selling currencies, with the expectation that you will make a profit from the changes in…
Browsing: Beginners
We’ve created these posts to help beginner traders get a better understanding of how the forex market works and what you need to do to start trading forex in Nigeria.
The best place to start is with our What is Forex trading guide which will help you learn the basics of forex trading. From there, it would be a good idea to check out our articles on lot, margin and leverage and how profits are generated in Forex, to learn how to make your first forex trade.
Ready to start trading? New traders often benefit from opening a demo account first. This is because demo accounts give you the chance to get a feel for the markets and practice implementing your trading strategy.
Looking for a live account? Then be sure to check out our article on what to think about before selecting a Forex broker. It will help you understand how forex brokers operate and what resources you might need as a beginner trader.
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A pip is a unit of measurement that indicates the smallest change in value between two currencies. The term “pip”…
The basic meaning of swap is exchanging one thing for another. In finance, a swap is a contract between two…
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Trading psychology looks at how a trader’s emotions, discipline, and mindset affect their trading decisions. Knowledge, skills, experience, and strategy…