Official Forex partner in Nigeria
There is additional volatility following major news events, and also at the start of the trading sessions when the market has yet to normalize. In addition, the SEC and CBN will also be attending the 2nd Lagos Forex expo scheduled to hold in August 13th and 14th to observed the level of participation by traders and brokers at the event. As can be imagined, this led to many scams and fraud taking place as well as early entrants to the country offering wide spreads. Finally, click on "Transfer Funds".
Nigerian Forex partner services
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Start trading without any investments and risks. Popular post for the day. Contests by Nigeria Forex Forum. Trading Discussion Area Last Post. Economic and political discussions. Often times forex brokers will have their own trading platforms that support special functionality on their platforms — and a good example of this would be eToro to allow for their social trading component. On the other hand, some jump into the market too soon, without learning the ropes.
The most efficient way to a profitable forex career requires reading and practice. Read as much as you can about fundamental and technical analysis; design a trading system that suits you and ensures it gets traded for at least a month on a demo account; and then make a deposit that suits your trading plan. You can get more information about learning tools for free online here. Retail forex traders can easily use credit cards options to make deposits in accounts, to satisfy their banking requirements on various forex brokerage firms anywhere in the world.
Most brokers also allow for Neteller, PayPal, and other e-wallets to be used as well as bank wire. On the odd occasion, you may find a broker that will allow you to make a deposit at a local bank branch. Nigerian forex traders must make sure they always stay on the right side of the law.
As long as you are using a regulated broker, and you are trading for yourself and not on behalf of others, then it is perfectly legal. It is important that you declare you earnings in your taxes just as you would with any other form of self employment. For more on this, read our article about the legality of trading forex online in Nigeria.
Online forex trading carries a high degree of risk to your capital and it is possible to lose your entire investment. Only speculate with money you can afford to lose.