The Nigeria we live is radically different from the one in which our parents and grandparents grew up. In just a few decades, changes in the ways of communicating, relating and interacting have taken amazing turns. It is already a fact that globalization is here to stay, to interconnect the most remote places on earth and also to revolutionize our way of understanding, valuing and producing money.

A few years ago the social norm was to get a job and bet on stability and retirement. Today, much more daring generations are immersing themselves in the stock market, demonstrating that investing in the stock market has ceased to be a privilege of big capital, to be a possibility accessible to all.

Indeed, one of the great taboos that has always existed in relation to the world of investments is that it was an alternative that could only be accessed with large sums of money. But in recent years we have seen that trading has become a common alternative among younger people, who even without large sums, manage to grow their capital in a not insignificant way. And yes, it is really a great opportunity to grow financially. But yes, without losing sight of the responsibility that this implies.

And it is that, as traditionally occurs with the stock market, as well as great profits can be obtained, significant losses also occur. And to avoid them, or at least keep them under control, training is a vital issue.

What is Trading?

Let’s start with the basic concept, the one that is currently on everyone’s lips. What is trading? The first thing you have to know in this regard is that any investment made in the stock market carries an implicit risk. These are not games or simple actions, but strategic decisions for which it is necessary to prepare. The more training you have, the better your chances of getting positive results. With the term trading, we refer to the purchase and sale of listed financial instruments, using an online platform.

We can trade buying and selling shares, currencies, raw materials, cryptocurrencies or other financial figures, and the objective will always be to carry out quick operations that leave us with a profit margin in the short term. The operation in general terms is based on the purchase of an asset to sell it at a higher price, or to sell an asset to buy it at a new lower cost . From those differences between the entry and exit prices, the profits of the trading operations come.

What is Forex and how to invest?

 

 

If you are a beginner in the world of Trading, get used to hearing the term Forex very often. It is simply the foreign exchange market, where you can convert from one currency to another. It is one of the most active markets in the world, with a trading volume that can reach five trillion dollars a day. One of the essential characteristics that define it is its volatility. It is a space in which the possibilities of increasing profitability in amazing percentages are considerably increased. Of course, as the profit opportunities increase, so do the risks.

If we talk specifically about Forex trading, it is necessary to know that it is not carried out in markets, but is exchanged directly between two parties in an over-the-counter market. There is no physical place where operations are located or processed, so you can invest from anywhere and 24 hours a day. There are three main types of Forex markets:

  • The Forex spot market, where the currency pair is physically traded at the exact or near-exact time the trade is settled.
  • The forex forward market, in which a contract is established to buy or sell a fixed amount of currency at a certain price, and whose expiration takes place on an established future date.
  • The forex futures market, in which a contract is agreed to buy or sell a certain quantity of a certain currency at a set price, on a fixed date in the future.

If you are taking your first steps in this interesting world, training is essential. Only from knowledge will you derive the experience to know which positions are best for you to enter, as well as the best times to sell and grow your profits exponentially. You can start by documenting yourself with expert voices, such as the following