Forex Trade Guide

I’ve made quite some money trading currencies.

But I don’t rush in and out of the market like most traders do

I never let the market control me.

I don’t trade 5-days a week

In fact, some weeks,

I only trade once or twice

90% of the time, I trade with my phone

I don’t stare at screens all day…

And when I trade (takes me less than 5-minutes to place a trade),
Olatunji (Forex Coach)

CLICK here Now to find out more about his Success.
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What makes a good Forex trading app?

A forex trading app is designed to be inviting to users, but if you want to be serious about learning how to trade and are setting a goal towards becoming a seasoned, skilled, and high-frequency trader, make sure that your app forex trading app of choice has one or all of the following characteristics:

1. The app has available learning and training resources.
Forex trading is not an easy field to master. The best apps provide all the necessary information one needs to become a successful forex trader. These should include current events in the international scene, and, most especially, the technical side of trading.

2. The app provides updates
The forex trading app should have real-time and up-to-date information as this is of high importance in trading. This is mainly because a currency can have changing values within just seconds, and making decisions that are concise is critical.

3. The app has minimal spreads
Spread refers to the amount of commission your forex broker takes from you, and should be minimized as much as possible. This will start making sense when you start increasing your trading frequency.

Best forex trading app of 2021: trade and invest on your Android or iPhone

1. FXTM
2. Stock Trainer
3. ThinkTrader
4. MetaTrader
5 TD Ameritrade

Keep your data safe with a mobile VPN app

Forex Trading Steps

The Forex trading steps are simple on paper and follow the same pattern, as outlined below. It may seem like an easy process, but it is far from it.

1. Choose a currency pair to trade - Traders should choose one that suits their trading strategy.

2. Decide whether to buy or sell - The analysis should outline the trade direction.

3. Set your stops and limits - Technical levels and the risk/reward ratio can assist with this.

4. Open your first trade - You need to have a trading account for it.

5. Monitor your position - The Forex market is dynamic, and many events may change your initial analysis.

6.Close your trade and take your profit or loss - You can either manually close it or let your take profit and stop-loss orders handle it.

Top 10 Forex Brokers In Nigeria

Our best list of registered forex brokers in Nigeria is.

Markets.com- Best Forex Broker In Nigeria

Pepperstone- MT4 Best Forex Trading Platform

FP Markets- STP Forex Trading Account

FXTM- Nigerian Naira (NGN) Funding

IC Markets- Lowest Spread Nigerian Broker

HotForex- Best High Leverage Forex Broker

AvaTrade- Best Fixed Spread Trading Account

OANDA- Most Regulated Broker (FCA, ASIC)

Plus500- Best Forex Demo Account

OctaFX- Top Nigerian Islamic Account