Forex Trading having being declared as an alternative to unemployment still is being dreaded by lot of youths in Nigeria.
Foreign Exchange (Forex) in a layman term is mainly the trading of different Currencies.. It has it origin majorly traced to the year 1970s in the US
BUT IS FOREX TRADING ADVISABLE FOR YOUTHS?
Forex is absolutely advisable to all not just youths as retail traders.Forex is majorly traded by banks,financial institutions,firms etc but retail traders are those that trade individual enjoying benefits and risks alone.
In a country like Nigeria Forex is the best option amidst other options(as it is controlled by no one)if it’s knowledge is well inculcated and such a trader starts making money without stress.
As interesting as it is, it’s so sad that 70% of Forex Traders lose/quit the market in less than two years of starting or less. I’ve seen people who lost a fortune and end up saying Forex is a scam or it’s simply gambling.
The only problem why people end up losing is ignorance;their focus is on the Money moving up and down,forgetting that Trading is like Driving. If you don’t learn how to drive first but think you’ll be lucky to get it right if you don’t crash the first day you’ll eventually crash someday.Talking from Experience
Yes you can double your money in few weeks in forex and even make more money if you go for the knowledge first with the Experts(validated ones to avoid being scammed)just like I did after losing due to ignorance now I boast of being profitable.
To learn Forex efficiently is costly that’s why scammers bank on people’s ignorance and request low price to in-debt people BEWARE!
My personal advice is this locate a Forex Academy and be sure they’re profitable by checking their results or reviews apply for mentorship and keep making money as you learn and become an expert yourself..
To those who have difficulty locating any I recommend habbyforexacademy @habbyforexacademy.com One of Africa’s best forex academy easy to access and begin your journey..
Please This is not an advert just a eye opener