Online Forex Trading
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Posted by Felix Okoli on November 28, 2009 at 04:46:28:
Why Online Forex Trading? Forex trading is becoming one of the fastest ways of making money online in Nigeria and might i add, it is not for the faint-hearted.
Forex trading is for the brave-hearted and it requires if possible, keeping a database of trends and news events on your computer.
In the internet world and world of ecommerce, information is key to making money through forex.
There are already a couple of Forex trading platforms which Nigerians have become used to when carrying on this trade, one of which is Alpari and the other is LiteForex.
These are good trading platforms and the forex brokers allows one to load fund onto your account to begin trading.
Personally, I wouldn't say that this is such an easy kind of onine business, but the truth is that more and more Nigerians are brushing up their skills in this area and have started to make profit from it. There are already a couple of few forex successes in Nigeria, comprising of a few young men who have ceome millionaires in such a short period of trading forex online.
The truth about Forex is that being a specualtive kind of business, it is higly risky and I wouldn't advise anyone who is simplye depending on nthing but luck to invest in Forex because at times, even when the indices are right and when a well groomed and informed forex trader has been really careful and strategic in this trade, he may still lose millions overnight. So it is even more risky than the Nigerian stock market which is still trying to recover.
What I will advise is that if you are interested in doing forex trading, don't invest all your funds into the business, start small and use that opportunity to get to know more about it before increasing your stake. To start Forex trading, Use the following steps:
1. Select a forex trading platform such as etoro.com, alpari or liteforex.org
2. Download and try a demo
3. Load funds to your account with Liberty reserve
4. Make small bids and see how it goes.
Comments:
Why Online Forex Trading? Forex trading is becoming one of the fastest ways of making money online in Nigeria and might i add, it is not for the faint-hearted.
Forex trading is for the brave-hearted and it requires if possible, keeping a database of trends and news events on your computer.
In the internet world and world of ecommerce, information is key to making money through forex.
There are already a couple of Forex trading platforms which Nigerians have become used to when carrying on this trade, one of which is Alpari and the other is LiteForex.
These are good trading platforms and the forex brokers allows one to load fund onto your account to begin trading.
Personally, I wouldn't say that this is such an easy kind of onine business, but the truth is that more and more Nigerians are brushing up their skills in this area and have started to make profit from it. There are already a couple of few forex successes in Nigeria, comprising of a few young men who have ceome millionaires in such a short period of trading forex online.
The truth about Forex is that being a specualtive kind of business, it is higly risky and I wouldn't advise anyone who is simplye depending on nthing but luck to invest in Forex because at times, even when the indices are right and when a well groomed and informed forex trader has been really careful and strategic in this trade, he may still lose millions overnight. So it is even more risky than the Nigerian stock market which is still trying to recover.
What I will advise is that if you are interested in doing forex trading, don't invest all your funds into the business, start small and use that opportunity to get to know more about it before increasing your stake. To start Forex trading, Use the following steps:
1. Select a forex trading platform such as etoro.com, alpari or liteforex.org
2. Download and try a demo
3. Load funds to your account with Liberty reserve
4. Make small bids and see how it goes.
Comments:
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Re: Online Forex Trading
Posted by Arinze
on December 02, 2009 at 08:49:10:
In Reply to: Online Forex Trading posted by Felix Okoli on November 28, 2009 at 04:46:28: Nice to know that people in Nigeria are getting used to forex. The problem is still with liberty reserve. The fees are too high such that it would be better funding one's account with a traditional credit card. Are they no forex brokers accepting credit card payments rather than liberty reserve from Nigeria?
Re: Online Forex Trading Posted by Femi on December 03, 2009 at 09:02:20:
In Reply to: Online Forex Trading posted by Felix Okoli on November 28, 2009 at 04:46:28: It's true. Payments for forex trading are mostly through liberty reserve. But one can also make payments by means of bank to bank transfer and you will need a domiciliary account for that one
Re: Online Forex Trading Posted by Ifeanyi Uche on December 22, 2009 at 14:14:14:
In Reply to: Online Forex Trading posted by Felix Okoli on November 28, 2009 at 04:46:28: I would like to begin forex trading. How do i start?
Re: Online Forex Trading Posted by Felix Okoli on January 07, 2010 at 01:48:34:
In Reply to: Online Forex Trading posted by Felix Okoli on November 28, 2009 at 04:46:28: I would suggest you go to a site like MARKETIVA and start trading online. You get a free $5 for start up