I am talking about becoming a full time trader in the financial markets. With any job you must dedicate your day to your research and not let your focus wander. If you want to make money like you did previously you will have to start with the right positive attitude. Since there are many financial markets to trade, your first decision is what market to devote your research and time to.

I recommend you pick one and learn as much as possible about it. This makes it easier to learn the ins and outs, giving you a better chance at succeeding to make a living. The main markets that most start to trade are the equities markets, the fixed income markets, the commodities markets, and the forex market. Keep in mind there are minimum deposits that each broker requires before you start to trade. If you choose to trade equities or fixed income expect a larger minimum deposit.

Margin allows you to trade with borrowed money so you can purchase more that what you cash balance allows. If the initial deposit for an equities broker is too high, forex brokers require a much smaller deposit to start trading. This is not a lie; this small amount will fund a real live account that you can trade immediately. It is advised that no matter what type of market or broker you choose to go with, that you trade on their demo account first.

If you can consistently make profits from the demo account then try and trade with real money using small positions. The people who end up losing all their initial deposits are those that gamble away their entire account into one stock or currency pair.

If you start small you have a better chance of making it to tomorrow. Once you start to take real profits and have a Trading system that works, then start adding in bigger positions. Using stop limit and stop loss orders are the key to preserving capital.

Do not let a losing position get out of hand. If you can learn to take small losses instead of big ones you can find success in trading for a living. It is suicidal to attempt to invest in the online forex trading industry without first learning how to trade. Like every other profession, you need some skills in order to become a successful forex trader in Nigeria.

But the biggest question for beginner trader remains where to learn forex trading in Nigeria. With this in mind, we set out to find some of the best ways and places where you can learn how to trade forex. Top on our list of places where you can learn forex trading in Nigeria is getting training from a reputable forex broker.

Believe it or not, most reputable forex brokers want you to succeed as a forex trader. The more you trade, the more the brokers earn money from commissions and spreads that they charge. As a result, many forex brokers offer training in terms of full online courses, webinars, and seminars. We scoured the internet to find the brokers who have the best forex training modules on their websites, and XM Forex came highly recommended. It is one of the international forex brokers that take traders in Nigeria seriously.

XM Forex has an ever expanding catalogue of forex training material on their website. There are educational videos that are perfect for beginner traders, Live Education for guys who have already started training, and occasional seminars suited for all level of traders.

ForexTime, an international award winning broker, just loves Abuja. The broker organizes training summits in the city at least several times in an year.

Their educational series has won fans all around Nigeria because of their practicality and informational value. Usually lasting for 3 days, most beginner traders come out of the summits fully equipped with the knowledge they need to start making money from forex trading. Alpari is another forex broker that has really stepped up on forex trade training in Nigeria.

The broker has local offices in the Central Business District of Abuja. The local representatives at the office offer a wide range of forex training courses for new as well as experienced forex traders in Nigeria. But forex broker websites and offices are not the only place where you can learn how to trade forex.

There are also multiple forex training schools in Nigeria; some in Lagos, others in Abuja, and others in Ibadan. You can also learn how to trade forex by enrolling in a forex trading school. In fact, there is no shortage of forex trade training institutes in Nigeria. These are training companies set up by successful forex traders who got into forex trading some years earlier, mastered a system and decided to help fellow Nigerians learn how to trade. One word of caution though.

Not all forex trading schools in Nigeria are legit. If possible, let the trainers show you a track record of successful trading using their live trading accounts or MyFxBook.

In Lagos, the best place to learn forex trading is the OASIS International FOREX School. The academy is located at Allen Avenue in Ikeja. However, the school does not limit itself to Lagos alone. From time to time, the tutors hold classrooms in other cities including Abidjan and Port Harcourt.

So, if you are looking for forex mentors in Lagos, be sure to give these guys a visit. Aplus Training Hub is also an exceptional forex academy. The school teaches a simple price action trading strategy that is best suited for swing traders. Another school that makes it on top of our best forex schools in Nigeria is the Revglobal Forex Academy. I want to learn forex trading in Port Harcourt. Kindly link me to Uche Paragon academy for forex education in Port Harcourt.

I want to come lagos and start learning forex for two months, I actually want to know d procedure. Save my name, email, and website in this browser for the next time I comment. December 30, January 6, December 3, December 15, December 28, Futures, CFDs, and Forex are leveraged products with a high degree of risk to your capital.

Such products may not be suitable for all investors and therefore you need fully understand the risks associated with them and seek independent advice if necessary. Forex instruments are not standardized. In some countries and regions, Forex trading isn't regulated at all. The interbank market consists of banks, financial organizations, and funds trading with each other worldwide. There are the most beneficial periods for trading in every market. The Forex market is no exception. It's the best time to trade when the level of volume and liquidity increases.

The most effective time to trade in this region is between 2 pm and 10 pm. At this time, more traders are awake, and the activity level is the highest. If you are a Nigerian, you just end your working day at this time and trade after a hard-working day. Read more: The Best Time to Trade Stocks in South Africa and a Glimpse into the World of Global Stock Exchanges.

One of the main benefits of trading in Nigeria is that the Forex market isn't regulated in Nigeria although the current market is one the most active across the region. If you are a Forex trader, you are not charged any commission. Any regulators don't control this market.

Therefore, the supply and demand of currency traders affect the current price. One of the main reasons to start Forex trading in Nigeria is low transaction costs. In the Forex market, currencies are traded directly by market participants, including banks, without intermediates.

It means that participants are not charged fees involved while trading bonds, stocks, and ETFs. Forex doesn't charge commissions on currency trades processed through currency trading platforms. In addition, the essential benefits of the Forex market in Nigeria are high liquidity and excellent profit potential.

When it comes to the disadvantages, we need to mention a high-risk factor, social trading, and scammers. Let's consider them in detail. Read more: Social Trading VS. Copy Trading. One of the main disadvantages of Forex trading in Nigeria is high leverage that can reach in certain cases.

If you use high leverage, you risk losing everything at one moment. For instance, your leverage is equal to You can lose your entire investment if a small price movement is against your open position. A lot of brokers in the Nigerian market are not transparent.

They can use some Offshore regulations. If you want to learn how to trade Forex in Nigeria, you must avoid brokers who offer a get-rich-quick scheme. Pay attention to brokers regulated by government bodies. A wide range of different factors, including political and economic, affect the volatility of currency pairs in the market, especially for non-conventional ones.

Therefore, it's very important to monitor any news before opening and closing a trade. To reduce losses, don't forget to use stop-loss orders. Forex trading can sometimes be highly emotionally exhausting. One bad trade can cause large losses that exhaust traders emotionally.

Among the most successful traders, we can emphasize Uche Paragon, Ajidahun Afioluwa, Blessing Ezeako, Sandile Shezi, Patrick Ogagbor, and others. Uche Paragon is one of the most popular traders in this region. He started his career from Binary Forex trading. Ajidahun Afioluwa is another successful trader.

When he started, he faced losses one by one. However, despite many losses, he continued learning Forex and growing through his failures. He investigated diverse strategies and designed his own one. Blessing Ezeako started her career by exploring trading strategies.

She learned the Forex trading process while having a full-time job. Sandile Shezi is a South African trader who was born and grew up in a very poor family. Later, Sandile became the most successful trader among the youngest Nigerian traders.

He bought and sold stocks and currency pairs without economic education and necessary background. This bright example demonstrates that everybody can become a successful trader from scratch. Patrick Ogagbor is a trader who gave up his previous job at the bank. While being curious, he was searching for new ways to develop his skills.

Initially, he thought that trading was a get-rich-quick business, but then he understood that it was much more. If you have decided to trade on the Forex market in Nigeria, you don't need any special skills to start.

To protect your capital from huge losses, the first and the most important rule is to set stop losses and take profits. Besides using stop losses, you need to develop your winning formula.

Initially, you can follow other more experienced traders. However, later, you can create your strategy to get success. If you start trading with JustMarkets, you can start trading on the Standard Cent account. Let's consider several of them. A pip means "percentage in point. While a point is the smallest movement in the currency price, the pip is equal to 10 points. Using margin, you can make a small deposit into your account to increase the value of your trade.

It enables a trader to open a larger position size. If you trade with margin, you need to invest only a percentage of the full deposit.

Margin allows increasing the value of your trade. When you win some amount, the margin increases the volume of your win. However, if you lose, the sum of your losses also increases. If you don't know how to do Forex trading in Nigeria, we have prepared a step-by-step guideline for you:. Here are several of the most popular strategies that Forex traders in Nigeria need to know.

Among them, there are positional, swing, and day trading. Positional trading is a form of long-term trend trading. In this strategy, traders are waiting for significant movements in the price. The basis of the fundamental analysis and the knowledge of the currency's structure will help you trade on Forex using this strategy. Swing trading is a strategy focused on reaching smaller gains in short-term trends.

If you are a swing trader, traders can bring small but regular profits. Swing trades are open for a few days to a couple of weeks. Day trading is a popular strategy among a huge number of Forex traders. It focuses on opening and closing trades during one day.

Stop guessing and learn how to trade with Noble Forex Academy. If what you seek is a simplified and direct approach to the Forex market that guarantee result, then you are at the right place. Noble Forex Academy is the number one Forex trading academy in Nigeria, where you can learn Forex trading. Trading is much easier if you know the exact entries, profit targets and stop loss levels, this is the bases of our strategy. If you want to trade Currencies, volatility index, cryptos, or stocks, we got you covered.

You can just sit back from the comfort of your home with your own Phone, laptop or desktop or anywhere in the world, and trade the global financial market. Attend our premium one to one financial training or get a consultation Now. PERSONAL COACHING Learn Forex trading via our physical one on one or group class in our training centers across the Country. You can contact us for more details.

VIDEO TRAINING CLASS You can learn Forex trading at your pace via our Forex E learning video class in MP4 format. Location is not a constrain. ONLINE CLASS Thanks to technology, you can learn Forex Trading from the comfort of your home or office, online via zoom and Skype training.

We can take the hard work off your shoulders, by allowing you trade with our Forex signals. All you need to do is simply create a Forex account with our recommended broker, fund the account and contact us. You will be added to our VIP group where you will get daily Forex signals to trade your account free. We understand that becoming a successful trader is all about finding an edge that works for you and the market, and applying it with patience and discipline. Learn How to Become a Full-Time Trader and Gain Consistency with our Professional Trading Courses!

With Forex you can earn a secondary income, boost your retirement fund, or achieve full financial freedom? Please note: When completing this form you can be assured we will only use the data provided to answer your enquiry. The data is held within our email system. We never sell your data. With the current state of the economy, many Nigerians are searching for alternative sources of income, and Forex trading proves to be a perfect choice for creating a new stream of income if done right.

In this post, I will be sharing my favorite methods to make money from Forex trading. Most of these methods are newbie friendly and are very easy to start that you can start making a constant profit right from the first week.

Click one of our representatives below to chat on WhatsApp or give us a call Skip to content. Learn Forex Trading With Noble Forex Academy. Master the Art of Trading with our Professional Training in Nigeria. OPEN A FOREX ACCOUNT. WELCOME ON BOARD! Take your first step to becoming a Professional Forex Trader Today! SEE OUR FOREX TRAINING PACKAGES. FREE FOREX SIGNALS ON TELEGRAM.

OPEN A FOREX ACCOUNT NOW. ALL OUR TRAINING COMES WITH A LIFE TIME MENTOR-SHIP. TALK TO US HOTLINE: Learn Forex Trading In Nigeria. READ MORE. How To Make Money From Forex. Support Mr Noble. Powered by Noblefxacademy.

So it is important for Nigerian traders to know the best forex trading sessions in Nigeria time and track price action in other to find opportunities to make a profit. The most effective time to trade in this region is between 2 pm and 10 pm. There are also multiple forex training schools in Nigeria; some in Lagos, others in Abuja, and others in Ibadan. Chapter 2. You can learn directly among those who are currently earning big.. We have compiled the list of best forex brokers for Nigerian traders based on 9 factors.

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