Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,158,943 members, 7,838,364 topics. Date: Thursday, 23 May 2024 at 08:22 PM

Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria (15104 Views)

FG Blocks Binance, Coinbase, Octafx, Kraken, Other Crypto Firms - Premium Times / OctaFX's Report Sheds Light On The State Of The FOREX Industry In Nigeria / Oil Prices Moderate On Rising U.S. Oil Rigs (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by pacespot(m): 6:19pm On Sep 13, 2022
Strongdickfresh:
I made over $7000 in forex but lost all the money in crypto trading. If you don't have a good mentor, please don't try to trade forex or crypto on your own without a mentor.

I trade based on instructions from my mentors since my bitter experience...

Now I'm making more than $12000 in a week trading forex and crypto.

I trade forex from Mondays to Fridays. While I trade crypto twice in a month.


Are you trading Forex with a prop firm or using your own money?

1 Like

Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by AlphaTaikun: 6:34pm On Sep 13, 2022
Seun:
SPONSORED POST

10 Key Takeaways from OctaFX’s Report on the Rising Trend of Online Forex Trading in Nigeria

International Forex broker, OctaFX, produces a report that discusses the rising trends of Online Forex Trading in Nigeria. This report examines the trends in the Nigerian forex exchange market, key players, threats to mainstream participation and measures to maximise opportunities in mainstream forex trading.

The key take outs from the OctaFX report on the rising trend of online Forex Trading in Nigeria are;

1. Young Nigerians within the ages of 21 to 35 are more involved in Forex trading of which the male gender is dominant when this is classified across gender lines.

2. The gender and the number of years of trading forex significantly affect the likelihood of people’s change in online and general behaviour and attitude to Forex Trading.

3. Tutorial materials and educational resources, minimum deposit amount, availability of cryptocurrency and favourable trading (i.e. profitable) are among the main drivers that influences the selection of forex trading platforms.


4. The number of years trading Forex and gender is significant in the experience of Forex scam.

5. The use of two-factor authentication, VPN/Proxy server use, back-up data and complex password tops the list in the method most preferred by traders in protecting their investment on Forex Trading platforms.

6. Traders mostly receive fraudulent offerings through emails, advertising, blog, influencers, SMS and this significantly affects traders’ online behaviour and attitude to Forex Trading.

7. Reliability and security, good ratings on the App store or Play store, fully customisable and easy to use, low commission fees, incentives, and good reviews top the list of reasons why traders pick their Forex Trading platform.

8. Traders ascertain a Forex Trading platform is not a scam by making sure there are no complaints about not being able to withdraw funds, reading through all fine print of documents, searching for credible reviews of brokers and checking the platform’s social media accounts.

9. The number of years trading Forex is significantly associated with having knowledge of how to secure funds on Forex Trading platforms.

10. Male traders are more knowledgeable about the safety of funds on Forex Trading platforms than female traders when classified across gender lines.

The report is now available for download [url=/OctaFXForexTradingWhitepaper]here[/url]

OctaFX is a global broker providing online trading services worldwide since 2011. The company is involved in a comprehensive network of charity and humanitarian initiatives, including improving educational infrastructure, short-notice relief projects, and support of local communities and small to medium enterprises. In Nigeria, it managed to capture the ‘Best ECN Broker’ award by World Finance and the ‘Best Forex Broker Nigeria 2022’ award by Global Banking and Finance Review.
Insightful.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Chaos14: 7:11pm On Sep 13, 2022
AlphaTaikun:
@Chaos14, Is the new mod a super moderator and what is the new mod's moniker?
Cheers.
Nlfpm.od and he is a super moderator
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by gp6liveth(m): 9:10pm On Sep 13, 2022
[quote author=Gandah post=116621285]Octafx With their useless spreads b like 5 & 6 grin[/qouote]

It depends on the currency pairs you chose. EUR/USD, AUD/USD have low spread
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by gp6liveth(m): 9:17pm On Sep 13, 2022
Tinubuwins2023e:
Trade forex and remain in poverty for life

Nobody is getting poor. It's just that, money is changing hands from risk averse to risk lovers
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by ttmax09(m): 10:32pm On Sep 13, 2022
Kobicove:
Do we even have Nigerians who survive just on profits they make from trading forex? undecided
Definitely, alot just decide to be quiet, while some are not living in Nigeria again.

1 Like

Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by antibullshit: 11:56pm On Sep 13, 2022
isram:
IF YOU LIKE YOURSELF dont ever try forex.

OR

YOU WILL BE POOR FOR LIFE

Don't talk about what you don't know! I quit my job last year, received my entitlements and invested in forex.
My job was ok I used to go home with 500, 600k but forex gets me much more than that. People who lose money in forex don't do it the right way and they don't educate themselves about it before they invest. You have to be careful because there are lots of scammers who are not even really forex traders but claim to be , There are ups n downs but once you get it right its sweet and the sky is the limit! I am living proof of that !
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Zakiushenry: 12:08am On Sep 14, 2022
There is different between crypto trader and forex trader, a crypto trader buy in low rates and sells in high rate always, never loss but a forex trader flip on normal currency, you may loss or failed
Borntosmoke:


Let him check ftmo and funded trader, mff prop firm on YouTube and monthly payout he will come back to remove that picture. Like say there is difference btw crypto and Forex trader
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by StarGra: 2:05am On Sep 14, 2022
Forex is not for the Poor..if you don't have better money to invest and trade peacefully don't go there..


Some would just loose $100 and say Forex is a scam.. meanwhile, someone is loosing $10,000 and still investing making good profit..

Don't missleead people...ITS NOT FOR THE POOR..






Tinubuwins2023e:
Trade forex and remain in poverty for life
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by StarGra: 2:07am On Sep 14, 2022
It's not for the poor...
Why do you think even on Demo account they give you from $2000 to practice,some even give $10,000 as practice...Get good fund and start...And take greed out if it...





Borntosmoke:


You mean this type of poverty. Forex no be for poor people na rich men dey run aam grin. This ftmo leaderboard the biggest online prop firm in the world
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by isram: 7:17am On Sep 14, 2022
you lie, lets meet show account history, if u make 500k from forex monthly for 6 months, i will give u 1m, if u dont, u come back here and do giveaway of 200k
antibullshit:


Don't talk about what you don't know! I quit my job last year, received my entitlements and invested in forex.
My job was ok I used to go home with 500, 600k but forex gets me much more than that. People who lose money in forex don't do it the right way and they don't educate themselves about it before they invest. You have to be careful because there are lots of scammers who are not even really forex traders but claim to be , There are ups n downs but once you get it right its sweet and the sky is the limit! I am living proof of that !
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Tk4all(m): 7:34am On Sep 14, 2022
isram:
you lie, lets meet show account history, if u make 500k from forex monthly for 6 months, i will give u 1m, if u dont, u come back here and do giveaway of 200k
Lol, this faceless forum dey give una joy sha, did you ever see a million naira in your life? now you want to give same amount to someone, smh

Be calming down

1 Like

Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Nobody: 8:18am On Sep 14, 2022
isram:
you lie, lets meet show account history, if u make 500k from forex monthly for 6 months, i will give u 1m, if u dont, u come back here and do giveaway of 200k

He should show is account history. For what reason??. To convince you it is not a scam. Like you pay him anything or you pay him to mentor u.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Nobody: 8:20am On Sep 14, 2022
Zakiushenry:
There is different between crypto trader and forex trader, a crypto trader buy in low rates and sells in high rate always, never loss but a forex trader flip on normal currency, you may loss or failed

Those are currency exchanger. We are talking of active and long term investing
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by isram: 8:47am On Sep 14, 2022
THAT YOU HAVE NOT NOT SEEN IT, DOESNT MEAN OTHERS HAVE NOT. GLORY TO GOD
Tk4all:

Lol, this faceless forum dey give una joy sha, did you ever see a million naira in your life? now you want to give same amount to someone, smh

Be calming down
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Tk4all(m): 8:56am On Sep 14, 2022
isram:
THAT YOU HAVE NOT NOT SEEN IT, DOESNT MEAN OTHERS HAVE NOT. GLORY TO GOD
see this boy o! where you see one million before?

see person wey sapa hold for neck de talk of giving another person money. u dey ment ahswear
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Tk4all(m): 8:59am On Sep 14, 2022
Borntosmoke:


He should show is account history. For what reason??. To convince you it is not a scam. Like you pay him anything or you pay him to mentor u.
Don't mind that boy, maybe him wan use reverse psyc and scam the op.

imagine the audacity, 1m kee him there
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Agbebakun22: 1:32pm On Sep 15, 2022
stevonics:
Yes
Update: just made 10 dollars while chatting on Nairaland now. 1:30 news.
how much do u charge
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Reazest: 2:23pm On Sep 15, 2022
[quote author=hkidola00 post=116622350]na 1xbet own worst pass...[/quote All these prop firm companies are scammers. They just want ur registration fee.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Reazest: 2:28pm On Sep 15, 2022
Borntosmoke:


You mean this type of poverty. Forex no be for poor people na rich men dey run aam grin. This ftmo leaderboard the biggest online prop firm in the world
All these prop firms are scammers. They are just after ur registration fee. I had encounter with them.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Nobody: 3:05pm On Sep 15, 2022
Reazest:
All these prop firms are scammers. They are just after ur registration fee. I had encounter with them.

May be you are dealing with the wrong not ftmo and mff
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Reazest: 3:08pm On Sep 15, 2022
Borntosmoke:


May be you are dealing with the wrong not ftmo and mff
I have not dealt with any of them. But their packages are scams.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Nobody: 3:23pm On Sep 15, 2022
Reazest:
I have not dealed with any of them. But their packages are scams.

No wonder you are calling it a scam. Top 2 most popular prop firm in the industry you are calling it a scam or may be you are not following prop firm rules.
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by stevonics: 3:38pm On Sep 15, 2022
my interest is, the satisfaction that someone learnt forex from me.
and
1. register with my broker (Hotforex) through my affiliate link.
2.Download broker Application and their metatrader
3. Use my ebook "Secret manual of online businesses" N3500- see my website to download.
Read Forex Trading Chapter- a Day reading.
3. follow my instruction for trades and ask your questions.
4. Join my telegram/Whatsapp for video tutorials (i will prepare that)
5. do not enter live trade until you are through with my mentorship.

Agbebakun22:
how much do u charge
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Agbebakun22: 4:10pm On Sep 15, 2022
stevonics:
my interest is, the satisfaction that someone learnt forex from me.
and
1. register with my broker (Hotforex) through my affiliate link.
2.Download broker Application and their metatrader
3. Use my ebook "Secret manual of online businesses" N3500- see my website to download.
Read Forex Trading Chapter- a Day reading.
3. follow my instruction for trades and ask your questions.
4. Join my telegram/Whatsapp for video tutorials (i will prepare that)
5. do not enter live trade until you are through with my mentorship.

okay thanks, pls kindly drop ur telegram handle lemme add u up
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by stevonics: 10:09pm On Sep 15, 2022
the number on my signature is for whatapp, my telegram-https:///+mDoEZScPcAJiOWQ0
Agbebakun22:
okay thanks, pls kindly drop ur telegram handle lemme add u up
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Agbebakun22: 6:13pm On Sep 17, 2022
stevonics:
the number on my signature is for whatapp, my telegram-https:///+mDoEZScPcAJiOWQ0
The link is not working
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by stevonics: 9:43am On Sep 18, 2022
sorry, add the number on my signature to your whatsapp
Agbebakun22:
The link is not working
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by HardMirror(m): 5:53am On Sep 19, 2022
silibaba:


What will a billionaire doing on nairaland self. Where is Obi Cubana, otedola, davido, wizkid, Cubans chief priest etc on nairaland?
Baba you are talking nonsense. Even if you are jeff bezoz or Elon musk it does not mean you cannot join any forum or social media you like. Elon musk who is the richest person in the world tweets and catches cruise more than even jobless people. He is always catching cruise that you would think he is one broke 16 year old boy. Go figure. So dont think because anyone is on nairaland, that means that person is broke. I have met someone richer than obi cubana here on nairaland. Yes she does not comment but at least she is a member all the same.

As for that guy, I dont believe him. His claim does not add up at all. You cannot go from losing $7000 to gaining $12,000 a week. They guy is obviously lying
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by Nobody: 9:43am On Sep 20, 2022
HardMirror:
Baba you are talking nonsense. Even if you are jeff bezoz or Elon musk it does not mean you cannot join any forum or social media you like. Elon musk who is the richest person in the world tweets and catches cruise more than even jobless people. He is always catching cruise that you would think he is one broke 16 year old boy. Go figure. So dont think because anyone is on nairaland, that means that person is broke. I have met someone richer than obi cubana here on nairaland. Yes she does not comment but at least she is a member all the same.

As for that guy, I dont believe him. His claim does not add up at all. You cannot go from losing $7000 to gaining $12,000 a week. They guy is obviously lying

Too much sense no go kill u.

2 Likes

Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by silibaba: 10:11am On Sep 20, 2022
HardMirror:
Baba you are talking nonsense. Even if you are jeff bezoz or Elon musk it does not mean you cannot join any forum or social media you like. Elon musk who is the richest person in the world tweets and catches cruise more than even jobless people. He is always catching cruise that you would think he is one broke 16 year old boy. Go figure. So dont think because anyone is on nairaland, that means that person is broke. I have met someone richer than obi cubana here on nairaland. Yes she does not comment but at least she is a member all the same.

As for that guy, I dont believe him. His claim does not add up at all. You cannot go from losing $7000 to gaining $12,000 a week. They guy is obviously lying


Na you be their accountant general?
Re: Takeaways From Octafx Report On Rising Trend Of Online Forex Trading In Nigeria by HardMirror(m): 11:19am On Sep 20, 2022
silibaba:



Na you be their accountant general?
The person I am talking about is popular. I did not know she was the one until i got to her office in VI. (I am into construction and have another accnt i use only for business). No need to dey argue nonsense. There are billionaires here on nairaland

(1) (2) (3) (4) (5) (Reply)

How Profitable Is Doughnut Business? / Naira To Dollar Exchange Rate History / Crypto Exchanges Start Delisting Of Naira From Platforms

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 73
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.