If you’re new to the Forex industry, then you may have already come across the term Forex Demo Account. Here…
Browsing: Beginners
We’ve created these posts with Forex beginners in mind, to better help out your start in trading Forex in Nigeria.
A good place to start would be with our What is Forex guide to better understand the basics, and then perhaps move on to an introduction of how to use MetaTrader 4.
Also good to know is the difference between lot, margin and leverage to really understand how trades are done and how profits are generated in Forex.
Did you know for instance that most brokers provide Demo accounts to help you practice before taking on the real market?
Do you need tips for what to think about before selecting a Forex broker to trade with?
For profitability, we have a great post about famous traders that could be inspiring to read as well.
Success, in forex, comes from making good trading decisions. But as a new trader, how do you know which currencies…
When you’re just starting out, all the new terminology can be a bit confusing. But don’t worry, we’re here to…
When it comes to forex trading, drawdown is the difference between balance and equity from peak to trough. Keeping the…
Most Forex traders will use one of the four trading styles: scalping, day trading, swing trading or position trading. In…
Forex trading involves buying and selling currencies. Trading can be risky and it is normal for a trader to have…
The forex market will always be unpredictable. Traders can take measures to avoid major losses, such as using stop losses.…
Trading currencies, CFDs, indices, commodities, and cryptocurrencies presents a lucrative opportunity to make profits. However, that doesn’t guarantee success when…
There are many reasons why traders choose to trade the forex market. For example, some may choose it for its…
Professional traders consider risk management to be the most crucial part of their trading strategy. It is the process of…