Fx Killers

 The foreign exchange market, also known as forex or FX, has changed dramatically in the last decade. What was once dominated by banks and trading houses is now home to millions of retail traders around the world. However, despite this influx of new traders, 95% of new traders fail in their quest to trade forex consistently and profitably over the long term. In fact, most forex brokers report that only 5% of their accounts are profitable after one year. Why do so many people fail at forex trading? Here are 10 reasons why 95% of forex traders fail. 1) Lack of Patience Successful forex trading involves a high level of patience and discipline. Sticking to a strict set of rules takes time to perfect, and most new traders simply don’t have that time if they expect to be successful in such a competitive space. Forex isn’t for day-traders or those looking for an opportunity to make quick money; it takes research, information gathering, and more than likely trial and error before taking on...

  Forex trading in Nigeria has become increasingly popular over the past decade. Special thanks to the potential rewards and low barriers to entry that it offers. But this doesn’t mean that everyone should jump into it without doing their research first. There are some things you should know before you start forex trading in Nigeria. To help, here are five things you should know before you start forex trading in Nigeria. Tip: Our preferred forex broker is, Deriv:  Visit & Create Account Find the right broker Choosing a broker can be one of your most important and difficult decisions when getting started with forex trading. Not only do you need to choose a reputable and regulated broker. You also need to pick one that has access to markets where you want to trade. That said, there are a number of key factors that influence these decisions. For example, some brokers offer more than one currency pair while others may have lower transaction fees on low-volume trades. The first...

  If you are new to the world of forex trading, you may be unsure whether this is a good investment or not. Here is a short guide that will help you decide. The word investment means different things to different people. For some, it’s putting their money in the stock market, with hopes of growing their nest egg for retirement one day. For others, it’s putting some cash into bonds or real estate as an alternative to just saving it in a bank account or keeping it under their mattress. No matter what your idea of an investment may be, one thing’s certain – there are plenty of opportunities out there that can help you grow your money quicker than you would without them. There are several things to consider when deciding whether forex trading is a good investment or not, here are some of them. Tip: Our preferred forex broker is, Deriv:  Visit & Create Account What is Online Forex Trading? When someone says forex, they’re referring to foreign exchange, which is a currency marke...

There are many misconceptions about the Islamic perspective on Forex trading, so it’s important to sort out these issues before you can determine if Forex trading is halal or haram (forbidden). We will look at both sides of the issue, and after reading this, you should be able to decide whether or not this type of investing falls into the realm of forbidden activities or not.   Q1. How are Islamic principles interpreted in the financial world today? A1. The Prophet Muhammad’s statement that money is for spending and not for storing (as reported by Ibn Umar) has been adopted by many Islamic economists. This means that if money is not used to generate more money (through interest, investing in businesses, and real estate), it is considered unproductive and potentially sinful because you are holding on to something whose only value comes from using it to do more work. As Sufyan bin Uzayr said: He who eats a piece of bread must thank God for its blessing. But he who hoards two ...