₦airaland Forum

I am just curious with the way FG have been banning everything 'bannable' in this country if Forex trading ( mt4,mt5) and the likes are now illegal too?.. I'm asking this because of the clamp down on crypto traders now and the numerous arrests.

Forex trading isn't crypto P2P the government frowns at! P2P merchants are destroyers of the economy, they want to hijack the CBN function by trying to control and manipulate the exchange rate; and they are very lazy to do analysis, just to USDT at 20 and manipulate it to 30 and cash out. These saboteurs have formed a cartel that they can push up the exchange rate at will.

We traders are hard-workers; we analyse foreign currencies pairs and forecast whether it goes north and or south to make money; we don't trade to wait for Naira to fall before we make money. We don't try to hijack the function of the CBN by manipulating the exchange rate.

Elliotwaveforec:
Forex trading isn't crypto P2P the government frowns at! P2P merchants are destroyers of the economy, they want to hijack the CBN function by trying to control and manipulate the exchange rate; and they are very lazy to do analysis, just to USDT at 20 and manipulate it to 30 and cash out. These saboteurs have formed a cartel that they can push up the exchange rate at will.

We traders are hard-workers; we analyse foreign currencies pairs and forecast whether it goes north and or south to make money; we don't trade to wait for Naira to fall before we make money. We don't try to hijack the function of the CBN by manipulating the exchange rate.

Boss, you are very informed on goings on.
Please if after banning all exchanges and P2P platforms in Nigeria and Naira remains adamant, what happens next?