₦airaland Forum

Nappsy:
FX is sustainable with great skill and understanding of how the market works.
Skill acquisition, agro and empowerment projects are best bets actually

It is not,FX is just a side hustle.
It is not among the top 20 digital skills in the world.
Is that what the government want to empower the youths,
.
This is to say the least disappointing

iwaeda:
Do Youths care about themselves, they will always defend their oppressors.

Do they have choices from the environment they were born and raised?

Forex is profitable but it is a rite of passage to feel the pain of loss and how strong the psychology that makes that happen materializes in the individual learning.


Youths never learn engineering and manufacturing finish, you guys now want to take up a probabilistic system that requires a different mindset to master. With failure rates in the 90%s.

If they can pull it off, fine and good. But can they? when the easier task of seamless engineering, manufacturing, agriculture and security is undone?

johnmartus:
Can you imagine introduce youths to gambling. This government is not just serious so this is all they could do by engaging youth in something that could destroy their future.

They didn't understand it as gambling 🤣🤣🤣

otherway:
I will advise the FG to train them in other skills.

As an authority in fx trading I can say with my full chest that it is not something you can just train people about.

It takes years of mastering and emotional discipline to have a headway.

Its better you buy keke napep for each one of them.

I'm a strong authority in fx trading and I even developed EAs that trade for me.

Except they just want to waste money they should please forget this project.

Don't get me wrong.

Fx trading is a genuine business but only very few who have mastered their emotions are making money and they are not even up to 4%

They don't know it is one of the hardest profession to participate in. Only psychology is the biggest obstacle to be conquered among others like internet, power etc.

Maybe it will reform their psychology to make them think better about life in general, about who to vote, why dirt should be disposed properly, why pricing of real estate requires regulation in order not to cause an artificial bubble.


If they don't regulate their training well, tears loading....

and the tears are necessary before a trader that will become profitable understands the importance of risk management.

Omooba77:
https://punchng.com/fg-to-train-100000-youths-annually-in-forex-trading/

Just imagine this rubbish. Forex that is a scam is what this Govt has decided to scam is with and possibly use it in raising funds for 2027 election.

Teach our people software and other IT skills. Use these funds to establish a standard IT training school across the six geopolitical zone. Get Americans, Germans and Israelis to teach them and it will benefit Nigeria and her people

Another scam. Forex trading is not a real job or skill set.

And then EFCC and police will arrest them and accuse them of fraud

Omooba77:
https://punchng.com/fg-to-train-100000-youths-annually-in-forex-trading/

When their stop loss is Hit or their small account is wiped off in Forex trading, will the FG provide food and accommodation for them

SMH.

Una for add crypto trading join.

All the beneficial skills don finish?

Are you reallyok I'm into this some years back beforeI stopped it

Nappsy:
So FX is gambling? Ask questions if you don’t know stop spilling stuffs in ignorance please.

Omooba77:
https://punchng.com/fg-to-train-100000-youths-annually-in-forex-trading/

All will amount to waste is there is no formal regulatory framework to monitor and regular forex stock brokers who charges leverage overnight and increases trading gaps and milk form millions of investors who loses their money.

After 4 or 5 years in the University with a specialized degree you will now end up as a forex trader.

Na wao. Minister of children

I will prefer stocks trading

Nappsy:
So FX is gambling? Ask questions if you don’t know stop spilling stuffs in ignorance please.

What is the difference between gambling and FX trading when only the broker wins.

Omooba77:
https://punchng.com/fg-to-train-100000-youths-annually-in-forex-trading/

Binance academy abi.. 🤔

😂 train them in yahoo yahoo!

This is the most stupid thing I have heard all day , it's better to train them in Aviator game than this sef .. Forex trading is a scam

Why did they not put the budget for this?

All the people shouting gambling are obviously in need of education.
Forex trading is buying and selling of currency just like you trade rice, beans e.t.c.

If you learn technical analysis properly and apply good risk management, you can and will make money if not you lose.

If you buy a bag of beans at 50,000# and before you could sell if drops to 30,000# and you lose 20,000# will you call that gambling?

Another to loot money. Boys dey learn am themselves

I don't think it is the best idea to teach common men what intelligent people use to make money. Common men prefer hard labor to survive. They want subsidy. They want cheap and free things. They want credit facilities. If I was the president, I would provide them what they want, and hunt for 1% of the proposed number who will tap into trading.

2mch:
Scam and waste of money. FX trading is the worst type of trading you can do. Huge losses. Who is approving all this fake and white elephant projects? It’s much more profitable to train them in skill acquisition which is lacking in this country than FX.

Go and seek the right knowledge and stop sounding like semi-illiterate.

I am not here to argue if forex is a scam or not, but the truth is coming years to come, nigeria will face some serious challenges.
Especially in skill like mechanics, welding, Capentary, mason, iron fixer and etc. Because our youth of today are seriously going into digital hustling.
Find out and see...

Very good

These dumb criminals have nothing in their brains apart from looting. They keep stumbling from one gaffe to the next.

They just want to divert the attention of young naive Nigerians towards a wild goose chase of building castles in the sky and losing money they cannot afford to lose.

Simple research will have told the corrupt Government ignoramuses that the available data confirms that almost 80% of Retail Forex Traders are Unprofitable.
https://www.babypips.com/news/almost-80-percent-of-retail-traders-are-unprofitable?

Lorayne:
These people re out of ideas

Nemo dat quod non habet - no one can give what they don't have.

These people including their Commander in Thief had nothing to offer in the first place apart from looting the treasury dry to fund Tinubu's perpetuation of himself and his cronies into Aso Rock for the foreseeable future.

Nigeria is toast because Tinubu is already richer that the country called Nigeria due to us allowing him to enter Aso Rock in the first place.

Almost everyone here is saying it's gambling. C dem, beta people way neva sin b4. anything 2 cut unemployment is welcome. If dem no do anything now, una go still complain. NIGERIANS!

jimi4us:
When you have a thief and a drug dealer in government this is what you see

Well said my brother.

Celestialsword:
This government doesn't care about the youths of this country.

Their intentions is to further improvirise and confuse them,so that their children whom they sent abroad to get quality education will come back and start from where they stopped

It's a ring, they will never empower the Nigerian youths with good and sustainable skills,they only use them as thugs to their own advantages.

Omo, this is deep.

Lionize:
Jesus Christ of Nazareth, the government wants to finish the youths. The government wants to officially introduce young people to gambling? I have seen this kind of politicians, not even in my dreams.

Even the Gods are scared of what Nigeria has become under successive Corrupt looters in Aso Rock.