Oct 4, 5: Nigeria is an asset yet to be exploited by the investment sector like the forex market and binary options.
Many Nigerians are willing to invest their money in both binary options and forex trading but the most important drawback is the lack of adequate skills to carry out these modes of trading.
If acquisition of these skills were easy to come by, most Nigerians would be investing in stocks, commodities, forex and binary options online. While there are many online tutorials and guides that can inculcate these skills to beginner online investors in Nigeria, many Nigerians seem to prefer a one-on-one tutorial.
After that, he now decided to switch to forex trading. After i questioned several other traders in Nigeria about what they think of binary options.
That response was made by about traders i interviewed out of total traders. I will tell you how i do it in a short while. Though binary options trading is the same worldwide, i specify Nigeria in this case because am targeting a Nigerian audience. You Can Also Read: Those that quit binary options are simply those that thought it was a mere call and put.
If you think that way, then you are just gambling with your money because it is beyond call and put. To cut the story short, you can trade binary options successfully as a Nigerian and generate monthly incomes with it as well.
You too can do it. I know that many traders from Nigeria may not be able to afford that kind of money to buy just a software for trading. Today, forex trading is as simple as a,b,c and no special skill is required to trade.
If you are interested in forex trading from Nigeria and are still a beginner in forex, you need to have a forex signal provider for your broker. A forex signal provider is either an organization or individual that gives you suggestions on the correct time to enter and exit the market for profits via various means like SMS alerts, email notifications, auto trading and others.
The best part i like about forex trading is that some individuals are willing to give you free accurate signals daily to enter the market. The name of the free signal provider is Zulutrade. You can learn more about zulutrade here. When signing up for the Zulutrade service, you can use one of two possible forex brokers for Nigerians. You can either use AAAfx broker or Nordfx.
Both Brokers are Nigerian friendly. But the demerit of using AAAfx is that you can only fund your account via wire transfer from your domiciliary account in Nigeria while the merit is that they provide the lowest slippage and spread possible making it possible to trade swiftly with Zulutrade.
This is mainly because AAAfx are the owner of Zulutrade. On the other hand, the demerit of using Nordfx or any other broker apart from AAAFx is that the slippage and spreads can be quite high. Please follow this step by step guide to register your Zulutrade account. Your email address will not be published. Yes, add me to your mailing list. Notify me of follow-up comments by email.
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The word ''Forex'' is an intriguing phrase for most people. That alone makes the Forex market a healthy breeding ground The Forex market is a lucrative place to be. However, it is also a conducive environment where scams like Super Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. Binary Options trading in Nigeria, What do Nigerians think about it?
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