It’s not a secret that it’s possible to make money trading Forex in Nigeria. There are many stories of successful traders who have achieved outstanding results. If you don’t want to make trading your main business and consider it as an additional source of income, it’s fine too. But whatever you decide, when getting started, you will undoubtedly come across a number of misconceptions about trading. In this article, we will take a look at the five common thoughts that may hold you back from trading success.
Tag Archives: Analysis
Altcoins Outlook: 3 Simple Trade Ideas (analytics + technical analysis)
Bitcoin has been trading sideways for the entire month now. The BTC/USD pair has made 2 unsuccessful attempts to break through the bearish level of $ 40,000 and 3 failed attempts to break through the bullish $ 30,000.
While bitcoin is stagnant, traders have switched their attention to altcoins. After the BTC rate began to correct from $ 42,000 area, the altcoin market came to life: billions of dollars are circulating on crypto exchanges every day.
If you are stuck with Bitcoin trades, it’s time to take profits and look around: altcoins are becoming more and more attractive every day. Let’s start our analysis with Ethereum, the second most popular cryptocurrency.
Trading On The Go: How Technology Has Revolutionized Trading
Technology revolutionized our world by adding unprecedented speed, ease, and access to our lives. Tasks we once performed slowly, and sometimes with difficulty, can now be automated and performed in a fraction of the time.
Almost every area of our life has been improved by technology and trading is no exception. In a little over a decade, technology has forever changed the way we trade, giving us immediate access to the markets, and making it easy for virtually anyone to trade the financial markets.
Goodbye Analog, Hello Digital
If you were a trader in the 1980s, you’d call your broker to execute trades on your more…
FX Webinars: Bringing Traders Closer During a Pandemic
It hasn’t been all bad for traders forced to spend more time at home. As it turns out, governments’ measures to stop the spread of COVID 19 have given traders more time to learn how to trade online.
In many ways, you could say 2020 was the year of the Webinar.
According to a recent study by GoToWebinars, online webinars and educational resources were already gaining steam before the Covid outbreak at the end of 2019. By March 2020, the number of webinars available online shot up by 330%. Webinar attendees had doubled, and it’s been doubling monthly since.
People by the millions, have signed up more…
XM Awarded by CFI.co for Third Year in a Row
We are proud to announce that, in recognition of our globally trusted reliability and of our decade-long commitment to our mission, the panel of judges at CFI.co has given us the following awards:
- Most Reliable Broker Global 2020
- Most Transparent Broker Global 2020
According to the CFI Judges Report, “The broker provides quality products and services and is constantly refining practices to ensure a rapid, effective, and sensitive response whenever that should be needed. The technology, strong cashflow and necessary resources on-hand allow super-fast withdrawals, dazzlingly fast trade execution speed, and no requotes. There is full transparency with no hidden costs. Broker and more…