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Best Time To Trade Forex in Nigeria Replied 1 month ago - Another trick is to enter the maket one hour before a session starts. For example, London session in Nigeria starts by 9 AM so you enter the market by 8 AM and place your trade. TThe advantage of doing this is that if you are lucky you get to ride the market trend from its infant stages before other ratail traders spot it.
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why is it called vanilla option? Replied 1 month ago - Because it is the most basic type of option that anybody can trade with a retail broker. Vanilla is known to be a common flavor of ice cream.
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Focus on the process of trading, rather than the outcome Replied 1 month ago - Even the best strategies fail more than 50% of the time, so yea we should expect some losses but not get discouraged and lose confidence in the process.
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is 1:30 pm the most volatile hour in the forex market? Replied 1 month ago - I placed a trade after yesterdays PMI news release during NY session and I forgot that the brokers usually widen their spread after news release. So, I got stopped within seconds for a big loss, I learnt my lesson never to open a trade immediately after news is released.
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what is quant trading, how do i start a career in it? Replied 2 months ago - is a computer science degree compulsory for quant trading?
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Why Does It Feel Like I'm Gambling When I Trade Forex? Is Forex Trading Gambling & I know Many Will Say Its Not But I Sure Have A Feeling It Is Replied 2 months ago - once you are trading without a strategy, it will always feel like you are gambling. Also once you are trading without a daily loss limit, or some form of metric to prevent you from over-trading, it will always feel like gambling.
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I hardly make more than 10 pips profit on a trade, am i doing badly? Replied 2 months ago - WIsh I was in your shoes, I can use that 10 pips lol
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How To Deposit On Exness in Nigeria Replied 2 months ago - Does Exness support USSD deposit method please? i usually like USSD method cos its fast and all i have to do is copy and dial the USSD code on my phone. The only broker I have seen with USSD deposit in Nigeria, is Trade Nation.
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How does lot size affect trading? Replied 2 months ago - Your lot size is what determines how much profit you will make from a trade. It also determines how much loss you will make per pip movement. But you cant trade a big lot size if you do not have the required initial margin (meaning the required money) in your trading account. Demo account allows you trade big lot sizes because you are gifted fake money from the broker but once you open a lie account its your little funds you will use to trade. So, when using a demo account, it is better to practice trading with the exact amount you inted to trade with when you open your live account.
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How Does Spread Affect Profit in Forex? Replied 2 months ago - Spread seriously affects your trading conditions, when spread is high your stop loss can be hit easily
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How much do I need to Start Forex Trading in South Africa? Replied 2 months ago - thats amazing kyle, same experience here lost over $500 while learning to trade but i take it is the school fees I paid to the market.
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ISA Act 2025: what does it say about retail online forex trading in Nigeria? Replied 3 months ago - Interesting, our government in South Africa is already regulating forex brokers
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been making profit on demo account, am i ready for live trading? Replied 3 months ago - Yes, that makes sense
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Introduction Replied 3 months 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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Why do people think forex is a scam? Replied 3 months ago - Because many governments around the world refuse to regulate it, giving room for scams to thrive unchecked
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why is cfd trading so hard? Replied 4 months 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 4 months ago - Thanks @mrcasey, forex hero is so intersting to play and I have learnt so much.
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is the U.S. bond market open on veterans day? Replied 4 months ago - No, the bond market is closed on Veterans Day because bonds are government securities and since government offices will be closed the bond market will also be closed.
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what does bitcoin mining mean? Replied 4 months ago - Yes, just open an account with a bitcoin exchange and deposit money, then you can buy fractions of bitcoin and own them.
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why do brokers split withdrawals into small bits? Replied 4 months ago - I think its for compliance to anti-money laundering laws
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