best forex trader in nigeria

one of the first you see. Regulatory pressure has changed all that. Options forex contracts An option gives a trader, the option (but not the obligation) to exchange currencies at a certain price on a date in the future. Regulation Do you want a broker regulated by a particular body the FCA, SEC or asic perhaps? Stocks are generally the most capital-intensive asset class, so if you trade another asset class such as futures or forex you can generally start trading with less capital. Have a higher win rate and/or higher reward:risk and the results could be better. Each pip of movement in the forex market results in a10 gain/loss if you trade a standard lot (100,000 in currency). Also, you are highly leveraged, and there is a chance of catastrophic loss if a market where to move aggressively against you and your stop loss became ineffective.

Best forex trader in nigeria
best forex trader in nigeria

This is because illiquidity and sharp price movements mean a trade can quickly translate into significant losses as large swings take place or whipsaw. Trading forex in less well regulated nations, such as Nigeria and Pakistan, means leaning towards the more established European or Australian regulated brands. Whilst it may come off a few times, eventually, it will lead to a margin call, as a trend can sustain itself longer than you can stay liquid. But mobile apps may not. Also, you are highly leveraged, and there is a chance of catastrophic loss if a stock where to move aggressively against you and your stop loss became ineffective. You should only trade a forex pair when its active, and when youve got enough volume.

best forex trader in nigeria