Most Forex traders will use one of the four trading styles: scalping, day trading, swing trading or position trading. 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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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…
When working with money, safety is always a top priority. Because sending money internationally can be risky, you’ll want to…
Regulation plays an important role in the forex industry, as it keeps traders informed of market risks and helps protects…
In case you didn’t know, forex is the most traded product in online trading today. In this article we are…
There are different ways to analyse price movement in the Forex market. Technical analysis is one way to do it.…