Рубрика: Forex trading how to learn

How to trade forex in nigeria time

how to trade forex in nigeria time

What this means is that for five days of the week you can make profitable trades at any time of the day because there is always a forex market open at any given. Many traders I have interacted with said that the London Session is the best time to trade forex in Nigeria. And their reason is that that is when the market. Since most participants trade between the hours of a.m. and p.m. in their local time zone, these times are used as the market open and close times. FOREX LEVERAGE WHAT IS IT This captures settings be load up default, effect X if software the. Set key startup associating. All of 22 on made instance nice bob.

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Forex Trading In Nigeria: Understanding Education and Risk

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Whether you own an Android smartphone or an iOS device, Hotforex can be easily accessed via it. Plus, the site can also be accessed via desktop too. For the existing customers, the platform offers a good loyalty program. Where to learn forex trading in Nigeria? Hotforex offers free educational webinars, and Nigerian traders beginners and advanced traders can watch them every day.

You can visit the Hotforex website and watch webinars for free. In terms of all of these aforementioned factors and parameters, Forextime features to be one of the best forex broker platforms in the market. The best part of this platform is that Forextime is absolutely safe and reliable. The platform is associated with various trusted authorities of the UK, Belize, and Cyprus. With 5 US Dollars, you can open a micro trading account with high leverage. Moreover, it pays attention to customer needs.

The platform is not currently offering any deposit bonus to new customers. This forex trading platform is also quite popular among Nigerian traders. It was founded in , and since its inception, the platform has rapidly gained a good number of active forex brokers.

Exness gives you the option to choose from more than major and minor currency pairs. Their deposit requirement is also quite low. Coming to the deposit options, the platform allows you to place a deposit via local banks applicable only for Nigerian traders. The customer support option for Exness is very prompt, helpful, and well-responsive.

Instant withdrawal options are too available, which are applicable for e-wallets. This forex broker platform is definitely recommended to Nigerian traders. The platform has been operating since the year of As of today, XM forex supports around fifty-five different currencies.

Another unique part of this website is that it arranges and organizes free training, live web seminars, and educational videos frequently so that you can learn the art of successful forex trading. COM is popular among starter and intermediate segments in traders. ASIC of Australia regulates the broker. The transparent policy, coupled with low spreads 0.

There are no requotes; it also does not have a slippage policy. The maximum permission leverage is XM Forex has three different types of accounts, and all of them have a very deposit requirement. The fees associated with this platform are also quite low. For example, for Ultra-Low accounts, their fee is around 0.

Whereas, for Standard and Micro accounts, their fee is around 1. Another unique and interesting feature of this platform is that it supports an instant order execution guarantee. Other features of this platform include negative balance protection, fast withdrawals, and quick execution of orders. If you are looking for one of the best forex brokers in Nigeria for , then Avatrade can also be one of the good recommendations for you.

The platform is well-known to be a trusted and reliable forex broker site. The greatest advantage of this platform is that Avatrade is a fixed spread broker platform, i. In addition, this platform charges an absolutely zero processing fee on all deposits and withdrawals. Also, the platform has a local support number, which can be used to reach out to the customer support executives of Avatrade for any immediate help and assistance.

The live chat support option for Avatrade is available only during their company business hours. Although the platform features a fixed spread broker, their spread can be higher for minor and exotic currency pairs. This forex broker platform was founded and established in the year of The platform supports many different account types.

Their minimum deposit value can be as low as zero for the Nano Account. On top of that, the platform also supports trade in cryptocurrencies. For example, you can trade with this platform with cryptocurrencies like Bitcoin and Ethereum. Additionally note, this platform accepts a wide variety of deposit and withdrawal options. You can easily and conveniently reach out to this team at any time whenever you need help. In addition, micro lot trading facilities, along with other trading options, are available.

It is the most popular forex broker in the country and started trading in It has served above countries and gives different trading options on commodities, including Bitcoin. You can open a trading account with a deposit of US Dollars. IQ Option is the best for beginners, thanks to its simple and easy-to-understand interface. The broker offers protection against negative balances and has safe bank accounts. Along with this all, a range of assets makes it a great choice for beginners in the forex trade.

It is favorited in Nigeria by high-volume traders, scalpers, and robots. IC Markets offers an average spread of 0. This broker offers ECN accounts as well. ECN brokers use electronic communications networks ECNs to give clients direct access to other participants in currency markets because their platform is electronically connected to the network of international banks or liquidity providers.

To start trading forex, you need to have an internet connection and be above 18 years old; then, you need to pick a forex broker, make registration, and make document verification. Then, open a demo account and start to practice. Would you please read trading books and watch trading lessons on youtube? Each of these platforms has its own sets of benefits and advantages.

So, based on your preference and requirement, you can pick any of them and start trading right away! These platforms have one particular thing in common, i. Forex trading is operated online and one of its main advantages is the flexibility of trading times or working hours.

It is open and accessible 24 hours and 5 days a week. Every day of the week, there is always one country currency market country around the world that is open to business. Forex trading takes place in various countries around the world and as one market is closing for the day another is opening for business. This is why forex trading is referred to as a 24 hours currency market.

It is crucial for a forex trader to know the forex trading hours for the various forex markets so as to determine the best times to trade during the day. Every forex trader will come to realize that some hours and days of the week present better trading opportunities and more profits than others. This is why it is important to know the best times to trade forex in Nigeria. It is true that the forex market is open 24 hours a day, however, not all trading hours and sessions have equal opportunities.

In order to be successful in the forex trading business, you must understand the trading sessions according to Nigeria time, how each session works and the best currencies to trade with at each session. Different countries have their own forex trading times because the international forex market is connected by a network of computers.

When the trading session for one country closes, it does not mean that the entire international forex market has closed. For example, if the Asian market closes, the Japanese yen the Japanese currency can still be traded on other exchanges around the world. The best time to enter the market to trade is when the markets of several countries are opened at the same time.

That way, large volumes of currencies will be traded. While each country has differing trading times, forex trading in each time zone is traded 8 am to 4 pm. The duty of every forex trader is to then find out when the markets of these different countries overlap so as to get the best forex trading times.

When forex trading times overlap, there is more activity as rates start to fluctuate which holds chances of greater profits. Asides from market overlap, it has been observed by trading experts mid days of the week experience more activity and trading than other days.

Middays to include Tuesdays and Wednesdays. The best time to trade forex in Nigeria is between pm and pm, according to Nigeria local time. At this time, the London and the New York trading sessions start to overlap, bringing with it lots of market activities and opportunities. London and New York markets are the two largest trading sessions in the world, hence their overlap means liquidity at its peak.

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FOREX PAIRS TO TRADE DURING LONDON \u0026 NEW YORK SESSIONS - #HABBYFOREX

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