Forex Tips
Forex Investment specific
Foreign exchange trading in Nigeria has undergone a significant transformation with the Central Bank of Nigeria (CBN) over the past few years. But the CBN has recently unveiled new operational mechanisms for the sale of forex by Bureau De Change (BDC) operators within the country. This development arrives after a span of 2 years since…
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In the very dynamic realm of forex trading, currency pairs tend to serve as the building blocks of pretty much every transaction. Gaining an understanding of these pairs is crucial, as they tend to represent the correlation between the values of two distinct currencies. As you embark on your forex trading journey, it’s essential to…
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Forex trading has gained immense popularity in Nigeria over the years, attracting individuals with the promise of financial independence and the potential to generate significant profits. Many aspiring traders are curious about the daily income they can expect from forex trading in Nigeria. However, it is essential to understand that forex trading outcomes vary among…
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Forex trading presents a world of opportunities for individuals seeking to bolster their financial gains. However, the road to consistently achieving substantial profits in this dynamic market can be both challenging and demanding. If you’re truly committed to achieving a substantial amount of profits in the forex market, here are some valuable tips to consider…
Forex investing can be a lucrative business for investors who have plenty of cash and high risk tolerance. Before you invest, make sure that you understand all of the risks involved. Also, you must be prepared to lose some of your investments. However, if you learn to make smart moves and stick to a strategy,…
Forex currency trading is a global, over-the-counter market where you buy, sell and exchange currencies. Its benefits include lower volatility than the stock market, a wide variety of currencies and markets, and leverage and spreads. However, it can also be very risky, so it’s important to understand the risks involved. Less volatile than the stock…
Learn the advantages and disadvantages of sell limit vs sell stop orders. Also, learn the pros and cons of cancelling your sell limit order. A sell stop order can help you to protect your investment from losing money by buying or selling stocks at a specific price. However, this type of order is not for…
If you’re in the market for a stock, you may have heard about a “margin call.” This is when your brokerage firm calls you to deposit additional funds to cover the credit risk of your purchase. While this is common, it’s best to avoid this if possible. In times of market volatility, you may be…
Forex and stocks are traded on exchanges. Thousands of companies are already registered in these exchanges and countless more are in the process of being registered. This similarity is an advantage to Forex traders. Since they have a greater familiarity with both, it gives them an advantage over other traders. They also tend to have…
