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Best Time To Trade Forex in Nigeria Replied 6 hours ago - New York session is also great for trading gold
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ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 2 days ago - Interesting, our government in South Africa is already regulating forex brokers
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does anyone have inspiring forex success stories to share? Replied 2 days ago - i used to record losses for a long time (around 2 years) but after i started sticking to one strategy and taking profit once it reached 10 pips i became profitable
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How much do I need to Start Forex Trading in South Africa? Replied 3 days ago - If you do not have enough money, look for a broker that has high leverage (like 1:3000) they will allows you start trading with as low as R100
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How much is 1 pip in forex Replied 4 days ago - Thanks @Patrader
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Which is the best forex academy in Lagos? Replied 1 week ago - A friend of mine attended Fire Pips Axademy in Lagos and she said it was good but they taught just the basics then fed students with signals to trade with. Dont expect to become profitable just because you attended a forex academy, you need to trade consistently for a while and learn from your mistakes to become profitable. I also dont buy the idea of a forex academy giving signals to students, they should teach the students the secrets and let them trade for themselves.
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London Session Forex Time in Nigeria Replied 1 week ago - I trade the London session every day and I can tell you that after DST is over, London session opens from 9 AM. However, during DST London opens by 8 AM. DST or Daylight Savings Time is when Nigerian time is the same as London time but after DST Nigerian time becomes ahead of London time by 1 hour. DST is from the start of March till october ending every year. To cut the long story short, during DST Nigerian forex traders should wake up early to trade the London session open by 8 AM. After DST, Nigerians should wake 1 hour later to trade the London open by 9 AM.
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what is scalping in forex Replied 2 weeks ago - I am not sure why but I am guessing they dont want their network over-burdened with excessive in and out transactions
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what does spread mean when discussing forex? Replied 2 weeks ago - Spread is your broker increasing the exchange rate of a currency pair you want to trade to accomodate his fees. Most brokers charge a variable spread meaning it's value can change at any time without your consent. However, there are a few brokers who charge fixed spreads which remain the same all the time.
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been making profit on demo account, am i ready for live trading? Replied 3 weeks ago - Yes, that makes sense
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Introduction Replied 3 weeks ago - You're welcome, there's plenty of information/threads on technical analysis here. For me I trade EUR/IUSD daily and post on my thread here. We can share ideas
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May I Know The Meaning of Margin Call in Forex? Replied 3 weeks ago - A margin call is your broker putting you on notice that the your losses will soon exceed your remaining account balance. When you receive a margin call there are a few things you can do; you can either deposit more money into your trading account, or you if you have multiple trades open you close the most unprofitable ones to free up more margin.
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Why do people think forex is a scam? Replied 1 month ago - Because many governments around the world refuse to regulate it, giving room for scams to thrive unchecked
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what is free margin in forex & why does it matter? Replied 1 month ago - It is from your free margin that you get funds to set your stop loss. Free margin is also what keeps you afloat when your trade is in a loss. if your free margin is too low, a small loss will send you out of the market.
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why is cfd trading so hard? Replied 1 month ago - Because most retail cfd traders are trading with insufficient capital so they get stopped out easily. Another reason is because there in cfd trading, it is possible to make money when price is rising and when price is falling. This creates room for greed and market chasing. When you trade in one direction and things do not go as planned, there is atendency to want to switch bias and trade the opposite direction. So, the market keeps taking you on a wild goose chase till you blow your account.
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any best forex trading games for beginners to download for free? Replied 1 month ago - Thanks @mrcasey, forex hero is so intersting to play and I have learnt so much.
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is 1:30 pm the most volatile hour in the forex market? Replied 1 month ago - Trading the New York session is aways volatile, especially on news days.
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when does London session open in Nigeria, is it by 8 am or 9 am? Replied 1 month ago - @kemi sorry I made a mistake which I am just seeing now. During DST, London session in Nigeria opens by 8 AM but after DST London session will open at 9 AM in Nigeria. And like I said, DST starts on the last Sunday of March and ends on the last Sunday of October so currently at the time of writing this, DST is over and London session strts 9 AM.
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welcome bonus vs deposit bonus: what is the difference? Replied 1 month ago - Deposit bonus applies every time you make a deposit. But remember that you cannot withdraw the bonus, only profits realized from trading with the bonus can be withdrawn. However the bonus acts as a buffer, adding to your free margin and allowing you to set a wider stop loss.
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why am i losing so many trades in a row? Replied 1 month ago - When you see your desired candlestick pattern, dont rush to enter the market immediately; instead place a pending order about 3 pips away from the pattern. This will help you avoid fakeouts/reverals.
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