Which news channel is best for forex trading?
The best news channel for trading the stock market is CNBC. Other reliable channels include CNN Money, The Financial Times, The Wall Street Journal, Fox Business, The Motley Fool, The Economist, and Yahoo Finance. For real-time updates, get their mobile apps or follow them on Twitter.
Is trading forex legal in Nigeria?
Forex trading is legal in Nigeria if you have a broker that is licensed to do so and if the person simply trades for themselves. In most countries around the world, the foreign exchange market is regulated. However, foreign exchange trading is regulated by the Central Bank of Nigeria.
How can I get news in forex trading?
Real-time News Feeds In the U.S., the top dogs are (in random order), Bloomberg TV, Fox Business, CNBC, MSNBC, and even CNN. You could even throw a little BBC in there. Another option for real-time data comes from your forex trading platform.
What app do traders use?
Best Free Stock Trading Apps and Platforms
App | Rating (out of 5) | Fees |
---|---|---|
SoFi Invest: iOS, Android and Desktop | 4.6 | Commission-free trades |
Public.com | 4.7 | Commission-free trades |
M1 Finance | 4.3 | Commission-free trades |
Robinhood | 4.4 | Commission-free trades |
How can I make money with forex in Nigeria?
Get Started with Forex in Nigeria
- Get an online connection. You can get connected to a forex broker through any online device, but it’s usually good to trade primarily from a home office.
- Pick a reputable broker.
- Open your account.
- Fund yourself.
- Install your trading platform.
- Profit.
Is Forex profitable in Nigeria?
Is Forex Trading Profitable in Nigeria; another yes. Trading forex in Nigeria either part-time or full-time is profitable as long as you are; trained, equipped with the best trading tools, and trading with tested winning trading strategies.
Which country has the most Forex traders in Africa?
This can be attributed to the advent of mobile devices and other technologies. There are about 1.3 million Forex traders in Africa. South Africa and Nigeria lead the way as both countries constitute a large percentage of the total figure.