The Truths About Forex Trading in Nigeria

Enter the numbers you see: One of the major problems that has plagued foreign exchange trading in Nigeria and the reason it lacks participation from big money are lies peddled around and the failure of the small guys in retail to for once just be modest and straightforward in their assessment of the current reality on ground. Their registered traders can trade on their Plus Trading Platform. Then, you will be able to trade 1k micro lots and not risk much. If your budget for investment is tight, within a range of a few hundred dollars say, you should open a micro account.

Forex trading is very popular in Nigeria today. In times past, there were no Forex brokers here. These days however, many of the foreign forex brokers have now established branches in Nigeria.

Nigerian Forex partner services

The number of Nigerian Forex traders is estimated to be at , to , Having a low financial educated public has led to the establishment of trading schools sprouting up within the country. These firms are typically run by a few traders that teach attendees the basics and more advanced technical and fundamental analysis.

They will also refer students to brokers that they have relationships with. The main independent education providers are Bullbear Trading House, run by an experienced trader with technical analysis qualification, Webiglad Investments, run by a former banker at GT Bank, and Wayves Systems Enterprise, an education provider in Abuja.

The above post is an excerpt from a longer article about the Nigerian forex market in our Q3 Forex Industry Report. How does that compare to the number of traders in Europe? I am curious to find out what is the total estimated size of the European FX market vs. MENA and Africa as well as annual growth rates and and active brokers to active traders ratio.

Is this part of Forex Magnates quarterly reports? I find a number of inconsistencies in this analysis. You did good to adduce that the number of traders in Nigeria stands above , I would be forced to ask. If you are confident in your abilities and would like to earn even more, then you can open a PAMM Account , attract investors and earn compensation for the amount of capital under your management. You can earn an unlimited amount even if you don't trade by yourself!

Alpari offers a number of investment solutions which allow you to make the optimal investment choices for your funds. To withdraw funds via a local bank wire transfer, you should submit a request in myAlpari by selecting "Withdraw Funds" from the left hand menu, and "Transfer to Amoney". Please note that when you make a deposit using any Nigerian banking payment methods, the funds will appear in your "Transitory Account".

You will need to transfer the funds from your "Transitory Account" to the account you wish to transact with. Learn all about trading and investing in the Forex market at the office of Alpari's official partner in Nigeria. We conduct seminars designed for traders of all levels of experience. We also provide courses, which are held within the comfortable confines of our office in the grand Nigerian capital city of Abuja.

Our office is equipped with state-of-the-art technology to help you learn the theory of Forex as well as how to put that knowledge into practice and turn a profit when trading. All of our courses are developed by practising Forex traders who know exactly what information you need to know when trading. Our courses are valuable for both beginner and experienced traders alike. Study with us and become a part of the next generation of Nigerian Forex traders. Take the first steps in Forex with the help of our specialists.

Get detailed knowledge of all the services that Alpari can provide. We're sorry, an error has occurred. Please try again later. Notification of this error has been sent to our technical support team.

To remain on this page, click Cancel. It appears that JavaScript or cookies are currently disabled in your browser. You will need to enable them in your browser settings to activate certain features on our site. Official Forex partner in Nigeria Do business with the leaders! With Alpari, you can: Trade by Yourself Forex is the most liquid financial market in the world.

Register for myAlpari — this is your own personal work space in our site, where you can conduct all your important trading business. Alpari offers a number of different accounts suitable for every level of trader, from beginning to advanced. Make a deposit using one of the convenient methods available. Download the trading platform from myAlpari, and make your first trade! Invest Funds You can earn an unlimited amount even if you don't trade by yourself!

To invest your funds: Register for myAlpari , where you can manage your investments and accounts. Make a deposit to your transitory account through one of the convenient ways provided.

Depending upon whether you are making a deposit by wire transfer or cash: Please note that if a conversion is required, it will be made at Alpari's company rates.

Please fill in the form which appears when you click on the button below. Tell Us about Your Payment Your account will be credited within 24 hours. Next to "Transfer Type", select "Fund Deposit". Next to "Transfer From", select the method you will use to make the transfer, and then choose the currency you will use.

Then, select the account you wish to fund. You will be transferred to a page to fill in the required fields to complete the transfer, and upload the necessary supporting documents. Finally, confirm your deposit by clicking "Transfer Funds". Log into myAlpari , and click "Deposit Funds". Making Transfers between Your myAlpari Accounts Please note that when you make a deposit using any Nigerian banking payment methods, the funds will appear in your "Transitory Account".

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