10/10/ · Nigeria to buy 20% stake in Dangote Refinery August 5, Naira strengthens further at the parallel market August 3, Nigeria’s external reserve climbs to $bn August 2, August Black Market Exchange Rate August 2, Dollar drops against Naira on rising optimism August 2, Estimated Reading Time: 3 mins 19/05/ · The Best Time to Trade Forex in Nigeria? JTwarrior 5/19/ pm. If you are reading this, chances are that you are probably looking for reliable information (that doesn’t read like Greek) to help you learn how to trade forex. If so, you are in the right place. In this article, we will 03/06/ · According to some estimates, Retail Forex Trading in Nigeria has around Million Naira ($$15m) daily trading volume. It has started gaining popularity among Investors recently as many Estimated Reading Time: 7 mins
Guidelines To Forex Trading In Nigeria | AbokiMallamFx
If so, you are in the right place. In this article, we will talk about one of the important things you need to master trading forex, which is an understanding of how forex market hours work.
This will help you come up with a strategy that puts you in a best position to make profit from your forex trading by trading at the best possible time. The forex market stays open for 24 hours of the day except on weekends. This is because the forex market cuts across the different time zones in the globe, prospect of trade forex in nigeria.
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 time somewhere in the world. In Nigeria for example, forex trading for the week opens at pm on Sunday and closes at pm on Friday. Now, you have to know that there are three major trading sessions driving the forex market, prospect of trade forex in nigeria.
Here they are with the times they open and close in Nigerian time:. The forex market is most prospect of trade forex in nigeria when any of the three major markets Tokyo, London and New York are trading as there are more traders placing orders to buy or sell. This leads to more obvious movement of price which in turn leads to better opportunities for profit, prospect of trade forex in nigeria. You will notice that there are points in the day where the major markets overlap. When this happens, there is even more opportunity for profit because prospect of trade forex in nigeria are even more traders and a greater volume of trade.
For example, there is a one hour overlap between the Tokyo and London markets that is, from am to am Nigerian time where one is opening and the other is closing. More so, there is a whole three hours overlap between the London and New York markets. It gets even more exciting when you add the fact that the London and New York markets are the two largest forex markets in the world. The three hours overlap pm to pm Nigerian time between the London and New York markets is not only the busiest time of forex trading but also represents a large portion of the volume traded daily.
It is therefore the best time to trade forex in Nigeria given that the possibility for profit is at the highest, especially if you are trading with currency pairs that include the euro, the British pound and the US dollars. Start Practicing with a Demo Account. There is more to learn as a beginner towards getting a better grasp of the rewards and risks of forex trading. It is always a great idea to begin with a demo account to master trading strategies and timing.
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Forex Trading for Beginners in Nigeria Part 1a - Basic terms in Forex
, time: 28:56The Most Successful Forex Traders in Nigeria - Top 3
03/06/ · According to some estimates, Retail Forex Trading in Nigeria has around Million Naira ($$15m) daily trading volume. It has started gaining popularity among Investors recently as many Estimated Reading Time: 7 mins 06/01/ · Despite this plus the fact that Forex traders in Nigeria are believed to trade positions worth as much as $ million daily on average, very few international Forex / CFD brokerages maintain a presence in Nigeria, so Nigerian Forex traders are in need of more impartial guidance, which can be found in this blogger.comted Reading Time: 11 mins 07/10/ · Nigeria is relatively well-known for having a lucrative Forex trading market – one with many traders reaping great benefits. Subsequently, it is no surprise that multiple Nigerians have been able to strike it rich within the field. Here’s a list of most successful Nigerian Forex traders and how they achieved blogger.comted Reading Time: 8 mins
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