The trading strategy will be made up of the core part, the backbone of our trading system, and even with a perfected exit rules which will tighten our drawdown/drop in the equity level, the more. We want to use this opportunity to let every investors out there, including the gamblers/ponzi investors know that out returns will be "What you see is what you get", and before they talk about our ... Forex scams are more common than you think, and new ones will continue to pop up. Here's what you need to know in order to spot them. Forex trading in Nigeria is still not regulated, even though the current market is one of the most active across Nigeria. Trading the forex market, unlike stock trading, does not attract any charge. Nobody has regulatory oversight on it, and the current pricing is carried out based on the supply and demand of currency traders. This is unlike Nigeria’s stock market, where local stocks can’t ... The smart investors have gamed the mba system. They have “cashed out” more than what they put in and are on green so nothing you say or tell them matters. The biggest “potential” losers (since the system is still paying) are those who will have more money in mba forex than what they have taken out from the system when a collapse happens. For now, no matter the advice you offer or what ... Nigeria Forex brokers scams. Now, while painful, the publicity of these fraudulent events allowed certain measures to be put in place, both locally in Nigeria and internationally to the targeted countries. This made it harder for these scams to continue and it also made people more vigilant of certain strange emails or phone calls they would receive because fraudsters were now known for ... Due to Nigeria’s capital markets having a meager penetration within the general public, knowledge of trading is low in the country. As can be imagined, this led to many scams and fraud taking place as well as early entrants to the country offering wide spreads. Currently though, the local industry has been trying to improve its reputation. The number of Nigerian Forex traders is estimated to ... Trading terminals have economic calendars and news feeds that condense all momentous data. Local Regulation Issues. The currency market of Nigeria is notorious for its lack of regulation. Unfortunately, we are yet to see any legal framework for trading. Traders need to be extra careful, as Forex scams are quite common.
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