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Posted by Felix Okoli on Saturday July 30, 2011 at 15:18:36:
In my report on how to make money online in Nigeria, I listed Forex trading as one way in which you can do this.
Forex trading has the ability to turn a little money into more than triple its value if you know the right tricks and how to do it.
Online Forex trading is in vogue in Nigeria and is practically one of the fastest ways of making money online. Although forex trading can be highly rewarding, it can also open up many doors to you to such as online stock trading.
Making money online has to do with doing a business activity on the internet that generates income for you and to think that you can invest something like $200 and it grows to something like $500 in a month, online forex can make that possible. The good thing about forex trading is that unlike other forms of online money making opportunities in Nigeria, you don't have to wait for weeks to get a cheque for affiliate sales or wait for advertising payments or other forms of online payment that takes months. With Forex trading, you can start making money from day one and still be able to withdraw your money in as little as 3 days.Forex trading if done successfully can make as much as $1000 to $3000 income for you in as little as a month or 3 months. You can start trading with even $100 or less but if you have $1000, it will give you access to use more leverage to trade larger funds. How do you start online Forex trading in Nigeria?
Well, I will just list a bit of steps here:
- Open a Forex Trading account for Free. I recommend Marketiva
- Open and online payment account like Liberty reserve or Domicilliary account for moving money to and from your forex broker
- Get adequate training. Learn the basic theories from manuals or sites like Babypips.com
- Do virtual or demo trading with your platform. Marketiva gives $10,000 free virtual account to test your skills
- Enter live trading when you are ready
- Make sure you use reasonable stop losses to minimize potential losses
Get a Free Forex trading account today and start making money onlineComments:
Re: How Forex Traders make money online in Nigeria Posted by Michael on Saturday August 20, 2011 at 12:4:7: how do i get the necessary training.
Re: How Forex Traders make money online in Nigeria Posted by Felix Okoli on Saturday August 20, 2011 at 12:4:7: An easy way is to train yourself by visiting forex sites like babypips.com or forextradingnigeria.com/articles. There are lot of forex sites where you can get tutorials on forex trading. You can also search for forex trading tutorials on Youtube and you will be able to watch as many videos as you want on it.
Just download a platform like streamster from Marketiva in order to do practice training with your virtual funds.
Forex Online: The Modern Way to Trade Posted by Forex Online on Wednesday November 9, 2011 at 15:35:52: nigeria is a clear example to follow in the trade global currencies since the transacitions are faster, easier and safer, thus increasing the demand and supply can be improved
Online Forex Trade Continues to Grow Posted by nneron79 on Tuesday December 6, 2011 at 17:36:28: To start earning money by trading currencies arriegarse enough only to a business online and have the right tools to succeed
Re: How Forex Traders make money online in Nigeria Posted by Online Money Making on Wednesday March 21, 2012 at 12:24:13: I was looking for online money making related blog site. Great blog Article! That's exactly the reason why I don't comment on some of my favorite blog posts.. because the writer doesn't make it easy for me to do so unless I have one of those accounts. I'd leave a lot more comments if more bloggers opened up their comments to anyone.
Re: How Forex Traders make money online in Nigeria Posted by trading forex on Tuesday April 30, 2013 at 9:16:34: The minimum initial deposit to open an account with Capital One Forex is $100 USD or the equivalent in your base currency. Unlike many brokers, Capital One Forex does not charge any fees for the transfer of funds to your account using credit/debit cards and all E-Wallets.
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