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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If you want to make millions trading currencies,

You have to learn how to milk the market by yourself.

Not by giving someone money to trade for you… OR by copying someone else’s trading system

But by making the trades yourself.
To help you get started,

I’ll give you access to a 30-part video series where you’ll see me on screen simplifying how the money works in the currency markets..

Learn more from Michael Olatunji (Forex Coach) by clicking here NOW tinyurl.com/3dun69z7

Michael helped me pocket my first N2Million in the Currency Markets. A few years ago, He Lost Everything to a stupid Government Policy. Yet, He Bounced Back 10x Wealthier in Less Than 12-Months, Using his Knowledge of Trading Currencies. In my books, That's a Guy You Can Trust.

Andy Mukolo
Copy Chief, NairaRoad

CLICK here for more details..
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Learn how to Set up your Own N50 Million per year Currency Trading Business

Even if you’re starting from scratch with very little money and no experience like I did 11-years ago

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Top Forex Robots of 2021

▪RoFx – RoFx has been around for more than a decade now. Developed by an expert team of forex traders, this robot is considered one of the most consistent robots today. Its key feature is its artificially driven neural network which adjusts with great ease as per changing market conditions.

Its compensation plan is also another significant feature of this robot which is facilitated by the reserve fund of the robot. Other significant features include signals for new trades, consistency in profits while trading, guarantee for loss coverage, no leverage, stable passive income, and low risk when trading.

RoFx is one robot that is suitable not just for experienced traders but novices as well. The minimum deposit required for trading is $1000.

•Perfect Trend System – This is an online platform, the objective of which is to transform different investors into better traders.

The system provides signals to different investors. This system lets the trader avoid the hustles of not being able to execute trades on time. It offers the best entry points & exits.

The blog section of their website has several helpful articles and blogs for traders helping them to trade and win trades.

•Flex EA – This is one of the best performing forex EA which is suitable for MT4 and MT5 platforms. It comes with verified EA results.

There are several useful features of this system which include its 12 selectable strategies, its money management feature, it supports all currency pairs, includes optimized settings, and is FIFO compatible. Users should go through the features of Flex EA before they start using it.

•Point Zero Trading – This is a forex developer that claims to create expert advisors and indicators that are suitable for different versions of the Metatrader trading platform.

All expert advisors are properly coded so that safe and predictable ex*****on of trades is carried out. They also offer several free trading tools.

Forex Robots

The forex robot space is often quite challenging because there are innumerable options. Each robot promises a gamut of benefits, claiming to be the best friend of the trader, encourages trades with the hope of churning profits – and all through automated trading.

Now, amongst all these, there are forex robots that promise profits, but traders end up losing a lot of money. The worst happens when traders use up all their investments, in pursuit of profits.

But help is available online which can help traders move on the right path. Are you searching for the best forex robots to enhance your profitability scope or if you are looking forward to some passive income generation?

For all this to happen, you need to select the right robot, and the most important part is that you need to know how to choose your robot.

Selecting the Ideal Forex Robot
When you are choosing a forex robot, there are a few facts you should consider during your selection.

▪Try a Demo Account – It is wise to test a robot in a virtual environment, instead of taking it to any real market and then risking the money. However, one needs to remember that test environments might not always depict the real condition, but it is helpful in selecting the robot. It still helps the user to measure what the FX robot might offer.

▪Testing – It is necessary to test a robot against variable spreads & also real slippage before it is used. Backtesting can also be considered for checking the results. Besides this, even data from authoritative websites like myfxbook are also quite effective in the evaluation of the robots.

▪Drawdown – Low drawdown is a good sign. It means a decline or reduction of capital. If there are high drawdowns, it means more gains. It also means exposure of an account to unnecessary risks.

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

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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

Tips for Forex Traders

1. Know yourself. Define your risk tolerance carefully. Understand your needs.

2. Plan your goals. Stick to your plan.

3. Choose your broker carefully.

4. Pick your account type, and leverage ratio in accordance with your needs and expectations.

5. Begin with small sums, increase the size of your account through organic gains, not by greater deposits.

6. Focus on a single currency pair, expand as you better your skills.

7. Do what you understand

8. Do not add to a losing position.

9. Restrain your emotions

10. Take notes. Study your success and failure.