Before now forex trading has been an exclusive business for the banks where the financial institution make millions of dollars by just exchanging the currencies of different countries. Now it is very much possible and easy.
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Previously forex trading in nigeria was for the rich young men with a millions of funds as start up assets.
Forex trading business in nigeria. Forex trading used to be the exclusive business of the banks where the banks make millions of dollars by just exchanging the currencies of different countries. Ive been trading forex on demo for some months and now im looking to find a broker thats serves nigerians with an easy and direct means of deposit and withdrawing funds and no hanky panky in trading through them. Hi im about to start trading in forex and just want to seek your candid opinion on the best trading platform in nigeria.
Harmonic trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact fibonacci ratios to determine highly probable reversal points in the financial markets. How to start forex trading in nigeria for dummies by henry ibeleme in online business january 5 2018 before the advent of the internet forex trading was seen as a rich mans venture a venture mad! e for big banks and institutional investors who were the only ! ones that ended up participating in the interbank forex market. How to start forex business in nigeria.
If forex trading in nigeria is what you are interested in youll do well to make an entry into the business of trading forex online because all indicators show its like a venture with a lot of potentials. Forex trading in nigeria was something unsubstantial in the early 19th centuries for individuals because back then forex trading was deemed suitable for only big conglomerates financial institutions and highly well to do nigeria citizens were the kind of individuals and organizations that participated in forex trade. But the internet has changed all that and now you can trade forex even in your own bedroom with as little as 100 start up capital.
Is forex trading legal in nigeria. Banks oil companies and huge businesses were essential investors then. 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.
Nigerian forex traders must make sure they always stay on the right side of the law. I am actually based in the us but a friend told me to open an account from nigeria to avoid paying tax. Thanks to the introduction of the internet as it has changed everything.
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