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how much is 1 btc in naira Replied 8 months ago - 1 bitcoin is worth around $77,251.92 which translates to around N123, 840,000 if you are trading it via a forex broker like I do. I monitor the btc price through my metatrader forex trading platform.
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should i take profits early when trading forex? Replied 8 months ago - I dont think taking profits early is a good idea in the long term. I mean it may seem like a good idea/quick fix in the short term, but it will hurt your overall profitability in the long term. In trading to become profitable over the long term, your profits have to exceed your losses. If you exit with profit early and also cut your losses early then you will only break even and will neither be profitable or unprofitable. And studies have shown that if you take say 10 trades you are probably going to lose around 6 of them, so this is why for the trades you win you must let the profits run to cover the losses you sustained from the other 6 trades.
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Why is My Stop Loss Triggered Without Price getting To It? Replied 8 months ago - always set your charts to show bid price and ask price lines. If you are short it means you entered at the bid price and will have to exit at the ask price. This means when the ask price line (the upper of the two lines in the image) reaches your stop loss it will be triggered. If you were long it means when the bid price (the lower of the two lines in the image) reaches your stop loss it will be triggered.
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moomoo vs tiger broker who is the better broker? Replied 8 months ago - Tiger broker definitely has lower fees
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which forex brokers have usd/ngn currency pair? Replied 8 months ago - Hello Segun, try the brokers FxPro and Exness; they have USD/NGN currency pair as part of their exotic pairs but the spread is very high. FxPro USD/NGN spread starts from 300 pips or thereabout.
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where can i get lowest spread on nas100? Replied 8 months ago - Fusion Markets does 0.8 pips on nas100
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which brokers have the lowest XAU/USD spread? Replied 8 months ago - I get 1.1 pips average spread on XAU/USD with 1:3000 leverage at my broker: Just Markets. They are regulated by FSCA South Africa and FSC Mauritius.
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what is kwakol markets minimum deposit for beginner accounts? Replied 8 months ago - Kwakol Markets is an unregulated broker, they claim to be regulated by the Australian Securities & Investment Commission (ASIC) but their license was ceased since 19-01-2024. You can visit the ASIC website to view their regiters and confirm for yourself using this link https://asic.gov.au/online-services/search-asic-registers/
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does hantec markets work in nigeria? Replied 8 months ago - Yes, they are in Nigeria; they even have an office in lagos.
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Which Forex Broker Has 1:3000 Leverage & Naira Account in Nigeria? Replied 8 months ago - FxPro now has 1:10,000 leverage and also has naira account.
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anyone benefitted from tiger brokers promotion & bonuses? Replied 8 months ago - I got some rewards such as commission-free trading after I opened a Cash Boost Account (CBA). With the CBA you get a 20,000 SGD credit limit which you can use to buy US, HK & SG shares even without using your own money. However, you must pay in mthe money into your account or sell off the shares before the clearing settlement period expires. I was able to buy some shares and when I noticed the price had gone up, I sold them before the settlement period expired so I didnt use any of my money.
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is tiger brokers fees high, what is the total? Replied 8 months ago - To buy United States shares at tiger brokers, I paid from 0.1 USD per share as tiger broker fees. To sell the U.S. shares I paid higher from 0.11 USD per share in tiger broker fees. To buy less than one fractional U.S. share I paid from 1.023 USD per share and to sell less than 1 fractional share I paid around 1.033 USD per share. A majority of the fees go to tiger brokers as commission and platform usage fees, while the remainder goes to the United States government.
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what is the leverage at tiger brokers singapore? Replied 8 months ago - Tiger brokers has 1:4 leverage so with 1 SGD you can open a trade worth 4 SGD but you need to open a margin account with them to do this. This margin account can be opened in SGD, USD or HKD account currency so you avoid paying fees for currency conversion.
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what is the difference between stock cfd and stock? Replied 8 months ago - Stock CFDs do not give you ownership of the stock; they are only a over-the-counter contract between you and the CFD broker that allow you bet on whether the price of the stock will rise or fall. if your bet is correct the CFD broker pays you money and vice versa. Holding a stock CFD overnight will attract a fee because it is not yours. However, when you buy ordinary stocks, they are delivered to your demat account and you take ownership of them. You also get voting rights on the company whose stocks you bought. Holding a stock overnight will not attract any fee because it is yours. Stock CFDs are mostly used by traders while stocks are bought by investors who hope to hold it for a long time. When you buy a real stock you get paid dividend whenever the company is doing so but for Stock CFDs you only get paid a dividend if you opened a buy trade for a Stock CFD. When it comes to cost, it is cheaper to trade Stock CFDs than to buy real stock because buying real stocks entails pying fees to the stock exchange, custodians etc.
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does the forex market open during eid muslim holidays? Replied 8 months ago - Yes, the forex market opens during muslim holidays. The forex market is built around London & New York and these are not muslim countries.
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cTrader or MetaTrader Which Is Best for a Beginner? Replied 8 months ago - cTrader has better features but in the hands of a beginner, cTrader can do more harm than good because it is too complex and is like flying a jet vs flying a conventional plane.
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whose on your list of lowest spread forex brokers in canada? Replied 8 months ago - I would go with Oanda for Standard Accounts and Interactive Brokers for Raw Account
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what are the advantages of apex prop firm for Canadians? Replied 8 months ago - I tried some other prop firms before coming to apex and what I like about them is that there is no drawdown limit and once you achieve th profit target they specified for your plan, you automatically become funded on your first try (they call it one-step evaluation).
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when does the forex market open in Canada? Replied 8 months ago - The Asian forex session starts at around 4pm Canadian time and ends around 2am in the morning. The London forex session starts from 2am and ends at 12 pm Canadian time The New York forex session starts from 1pm till 5pm Canadian time Note that the forex market closes on weekends and major publich holidays that affect banks (such as christmas & new year)
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How Do I Learn To Use TradingView Without Paying A Subscription & Does TradingView Have A Free Demo Account Where I can Test it's Features? Replied 8 months ago - TradingView has a free demo account which they call paper trading so you can learn with this. To use the demo account, register/login to TradingView, select an instrument, view on super-charts, then open the trade panel at the bottom and click on paper trading to use the demo account.
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