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8 ways to Learn Online Trading in Nigeria for Beginners – Latest Nigeria News, Nigerian Newspapers, Politics

Online trading is growing in Nigeria with millennials showing interest in variety of instruments like Nigerian/NSE Stocks, Forex, Bitcoin and even foreign equities. Nigerian investors these days are embracing new technologies for investing and trading online. There are many local apps & platforms like Chaka, Wealth.ng, Hotforex, Forextime etc. that allow trading on various instruments…

Online trading is growing in Nigeria with millennials showing interest in variety of instruments like Nigerian/NSE Stocks, Forex, Bitcoin and even foreign equities.

Nigerian investors these days are embracing new technologies for investing and trading online. There are many local apps & platforms like Chaka, Wealth.ng, Hotforex, Forextime etc. that allow trading on various instruments & financial markets including stocks, indices, FX and commodities.

This developed investing and trading ecosystem has helped sparked lot of interest in investing and trading.

There is growing sense of investing savvy mentality among Nigerian youth and new investors these days are looking towards modern tech stocks like Apple, Amazon and liquid instruments like forex & bitcoin. They want to take financial freedom into their hands and don’t want to lose out on capital market opportunities.

But with all this increasing interest and participation among general public, there is a growing need for investor education and concerns of investor safety arising from lack of proper education among masses on investing related concepts and risks.

Most beginner investors don’t know where to begin and what to learn and they often end up investing without proper knowledge & research or let others invest for them. Some even end up taking wrong advise from others – who are not qualified to give financial advice, these people sometime have ill intentions or personal benefit of giving wrong advice. While some investors read & learn from unreliable sources which is even risky. These mistakes increase the risks of investors by great extent.

We look at the ways and resources, one should learn about investing and get started with trading in Nigeria.

1) Read Financial Articles, Forums, Websites & Publications

This is a quite common & popular way to learn about investing, online trading among beginner investors. Many investors start their learning through these online mediums.

There are various websites, forums and publications that cover basic investing tips, beginner tutorials, finance/trading/investing articles, daily market update, analysis and news. Some of these websites are industry specific, while others focus on all the capital markets & investment basics.

But, it’s important to note that the resource or website you are reading must be published by a reliable publisher and must be trusted in the industry.

Few examples of reliable industry learning & news websites include: Investopedia, fool.com, wsj.com (Wall Street Journal), ft.com (Financial Times), Seeking Alpha, Reuters, Cnbc.com, Bloomberg.com, Forbes.com, Yahoo Finance, Google Finance, Investing.com, Tradingview, Marketwatch.com, Kiplinger.com, Investor.gov etc.

There are also some specialized investing websites like Baby Pips, ForexNigeria.net which cover basics of forex market, and some online investing communities or forums like – Forex Factory where experienced forex traders share their experiences, analysis & beginners can participate in the discussions, ask questions to clear their doubts.

2) Read Trading & Investing Books

Another effective way to learn about trading and investing is through books. There are many popular investing books by famous writers covering basics to advanced concepts.

Few examples of famous books that every beginner investor must read are – “The Intelligent Investor” & “Security Analysis” by Benjamin Graham, “Beating the Street” by Peter Lynch, “The Essays of Warren Buffett” by Warren Buffet, “How to Trade in Stocks” by Jesse Livermore, “Poor Charlie’s Almanack” by Charlie Munger.

There are also books on specialized investing topics like on forex there are books like “Forex Trading” by Jim Brown and “Day trading and Swing trading” by Kathy Lien that beginner forex traders can read.

There are also many free books on the investing subject available on the internet covering basics and specifics of each instruments.

Financial Regulators, exchanges & brokers often publish free books & courses to educate new investors. For example – NSE publishes basic investing glossary, SEC Nigeria publishes their research on Nigerian Capital Market.

SEC of the US publishes beginner guides for investors, Nasdaq also publishes free guides on investing. You can download these free books from the SEC.gov, investor.gov, nasdaq.com/smart-investing

3) Follow the latest market news

Another way to learn trading & investing is to follow market news from websites. You will hear about terminologies like buy/sell, options, shares, buyout, IPO, bonds, mutual funds from the news.

You will learn to comprehend, understand what news affect the markets and what moves the value of the various market instruments.

4) Take an investing/trading course or Get a Professional Certification

You can also take a profession trading course or get a professional certification from global institutes like CFA Institute, GARP or on websites like EDX.

CFA (Chartered Financial Analyst) is a professional qualification/certification for financial and investment professionals, it has global legal recognition and many investment firms & banks hire CFA certified individuals for analysis and advisory roles.

Likewise, FRM (Financial Risk Manager) certification from GARP is also very highly respected in the investment industry for investment risk analysis.

EDX.org offer online courses on investing from prestigious universities.

NSE Nigeria also offers X-Academy course on Capital Markets to individuals looking to invest in the markets. US Exchange Nasdaq also offers an investor education program which you can enroll online.

5) Gain Experience with Demo or Simulated Trading

You can also gain experience on trading using demo or Simulated Trading Account with a broker. Most of the popular forex brokers in Nigeria offer a free demo account with demo trading balance, that can be used to practice or to test your trading strategies and learn about trading tools, charts, market analysis & platform.

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These demo accounts allow you to trade in the almost real life like trading environment without investing actual money, your broker will offer you free virtual funds to invest on the market instruments.

Main benefit of demo account is that you don’t lose any money while trading on demo. You can learn how the market movements happen and what news/events affect the market movements, how the market trends work, how you can spot a up-trends or down trends and how it corresponds to charts and news you see in the trading platform.

This way you can learn to devise a trading strategy to make a profit and even test it risk free on demo.

6) Learn from experts in Social Trading & Copy trading

There is a fairly new concept in trading that is popular these days, it is called Social Trading or Copy Trading.

In this you can follow expert investors/traders on your trading broker like Etoro or on websites like Tradingview.com, you will see their live feeds and charts and what orders, the expert trader you follow is placing on these platforms.

From this, you can see & learn what patterns and strategies these traders apply and how successful they are. If you like their strategy and results, then you can copy the same in your account using Copy Trading tool at the broker that offers Copy or Social Trading.

7) Study Professional Traders & Investors

Another popular way, the investors in the markets learn is by following the professional or successful traders.

Like many Stock traders in the US often follow the lead of big-name wall street investors like Warren Buffet – they mirror every move he does in the market, they will follow his news where he is investing, if he has bought some stock in some company or sold some stock, this helps them spot a trend.

It is much like having a role model and following his/her strategy or investment philosophy.

8) Subscribe to Premium Content

Websites like Reuters, Bloomberg, FT, WSJ offer professional analysis, content & insights into various industry and economic data with their Premium Subscriptions, that you can use to learn about the market, with deeper insights from industry experts and financial journalists.

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Donald Trump blasts ‘fools’ who oppose good Russian ties

US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.

Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”

His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.

Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.

In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”

He included that Russia would regard the US increasingly when he was president

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Bulls and Bears Took on More Currency Exposure in Week Through January

he most striking improvement among theoretical situating toward the finish of a year ago and the primary session of 2017 is not that modification were little. There was just a single gross theoretical position modification of more than 10k contracts. With sterling apparently not able to maintain even humble upticks, the bears added 13.1k contracts to the gross short position, lifting it to 120.2k contracts.

Or maybe, it is eminent that examiners for the most part added to positions, long and short, as opposed to close positions at the very end of the year. Examiners added to net long outside cash prospects positions, aside from in the Japanese yen and Swiss franc where 2.6k and 2.5k contracts were exchanged separately. Examiners likewise added to gross short positions. Here there was just a single exemption, the Japanese yen. Despite the fact that the dollar shut comprehensively higher in front of the end of the week, every one of the monetary forms we track here, spare the Mexican peso, picked up against the dollar in the three sessions since the finish of the CFTC reporting period.

Every once in a while it is helpful to review why many market members take a gander at the theoretical situating in the cash fates advertise. It is not that the outside trade is essentially a prospects showcase. It is principally an over-the-counter market in which every day turnover midpoints in abundance of $5 trillion a day.

Trade exchanged monetary forms and alternatives represented around 3% of the normal day by day turnover as indicated by the BIS study. Be that as it may, past reviews have discovered some contemporaneous connection between’s market heading and net position changes. We think it additionally offers knowledge into a specific market section of pattern supporters and energy brokers. It is not by any means the only device, yet one of a few data sources.

One ramifications of this is albeit theoretical positions in the money fates market are moderately extensive, it is still little contrasted and the money showcase. Along these lines, it is difficult to see the genuine essentialness of a record vast position, as though there is some market top. At some point, examiners are not driving the costs, possibly there is another fragment, national banks, enterprises, as well as genuine cash that is more essential at any given minute.

We invest some energy taking a gander at gross positions instead of just net theoretical positions, which is the more customary approach. We think a more granular look is frequently fundamental. There is a distinction between short-covering, for instance, and new purchasing, however it appears to be identical in the net. Additionally, the gross position is the place the introduction is not the net position. A net position of zero does not mean the market is nonpartisan. Net positions could be huge, which implies a short press or a negative stun could in any case troublesome. The positions that must be balanced are captured in the gross measure not the net figure.

We find numerous customers are likewise keen on theoretical situating in the US Treasuries and oil. The net and gross short theoretical Treasury position has swelled to new records. The bears added 23.8k contracts to the as of now record net short position, lifting it to 616.2k contracts. The bulls attempted to pick a base and added about 20k contracts to the gross long position, which now remains at 471.2k contracts. These modification prompted to a 3.8k contract increment in the net short position to 344.9k contracts.

The bulls delayed in the oil prospects toward the finish of 2016. They exchanged short of what one thousand contracts, leaving 608.1k gross in length contracts. The bears added 4.1k contracts to the gross short position, giving them 168k. These conformities trimmed the net long position by very nearly 5k contracts to 440.1k.

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3 ways to profit in the ‘year of the dollar’

In December, the Federal Reserve raised loan fees for the second time since the Great Recession and included the desire of a 2017 financing cost climb to its gauge. Furthermore, only a couple days prior, the abundantly anticipated minutes from the most recent Fed meeting demonstrated the most hawkish tone from the national bank in two years.

In the meantime, Europe has been dove into political turmoil after a year ago’s Brexit vote and the later abdication of Italy’s leader. Somewhere else, the Bank of Japan proceeds down the way of negative rates and forceful security purchasing.

Put it all together, and it isn’t astounding that the U.S. Dollar Index is up against 14-year highs.

Speculators may have missed so much discussion on account of babble about the Dow Jones Industrial Average at the end of the day almost hitting 20,000. Be that as it may, paying little respect to your assignment to stocks or your venture skyline, this sort of huge picture incline in the dollar implies right now is an ideal opportunity to position your portfolio to benefit and, maybe most critical, to keep away from a portion of the pitfalls that can originate from a solid local cash.

Here are a couple ideas dollar exchanges ought to consider:

Residential plays over multinationals

There’s a considerable measure of seek after shopper stocks in 2017 on account of an enhancing work market and any desires for a jolt under a GOP-controlled Congress and President Donald Trump. In any case, remember that not all retailers are made equivalent especially those with abroad operations that are adversely affected by the wide dissimilarity in monetary standards at this moment.

For example, retailer Wal-Mart Stores Inc.(WMT) said troublesome money trade rates shaved very nearly 2.5% off profit for each partake in the second quarter of 2016. On the other hand consider that in the monetary final quarter of 2016, athletic attire goliath Nike Inc.(NKE) saw its income development cut down the middle because of forex weights, from 12% year-over-year in consistent cash measures to only 6% including real money changes.

To take advantage of the “reflation” exchange that numerous financial specialists are counts on in 2017, you need to represent the headwinds that a solid dollar are making for multinationals at this moment. The most ideal approach to do that is to consider customer plays that do by far most of their business here in the U.S. – for example, Foot Locker Inc.(FL), which has been an uncommon splendid spot in retail throughout the most recent couple of years.

Supported money ETFs

Obviously, in the event that you need a steady portfolio, you can’t just purchase just local centered values. Geographic expansion is similarly as imperative as enhancement crosswise over parts and resource classes. Such a large number of financial specialists keep on holding worldwide plays in light of a legitimate concern for a balanced portfolio, regardless of the possibility that it implies battling a daunting struggle as a result of a solid dollar.

The uplifting news, notwithstanding, is that you don’t need to leave yourself to torment through a solid dollar and a powerless euro when you put resources into Europe. Nor do you need to stress over the yen-dollar conversion standard when you put resources into Japan. That is on account of there’s an entire group of cash supported ETFs to permit financial specialists to put their cash in outside business sectors yet keep away from forex issues.

Consider that Japan’s Nikkei 225 file is up around 25% from its July 2016 lows. The WisdomTree Japan Hedged Equity Fund(DXJ) is up 35% in a similar period on account of assurance from forex issues and a somewhat better-performing rundown of stocks – while the non-supported iShares MSCI Japan ETF(EWJ) is up only 10% in a similar period because of battling a difficult task against a solid dollar.

In the event that you need to differentiate your portfolio comprehensively, you ought to consider supported assets that incorporate the Japan-centered DXJ, the WisdomTree Europe Hedged Equity Fund(HEDJ) to play Europe or the iShares money Hedged MSCI EAFE ETF (HEFA) for developing markets.

Dollar list ETF

In the event that you are searching for an immediate play on a rising dollar as opposed to putting resources into stocks, figuring out how to exchange remote trade can appear like an overwhelming undertaking. Gratefully, there’s the PowerShares DB US Dollar Index Bullish Fund(UUP).

This ETF is attached to the U.S. Dollar Index, which is a measure of the greenback against a wicker container of other worldwide monetary standards including the yen and the euro. It’s a straight money play, however that doesn’t make it straightforward or hazard free. In the event that the dollar debilitates, you’ll lose cash similarly as though you’re putting resources into a stock that has fallen on difficult circumstances. Furthermore, obviously, PowerShares takes a little cut of your speculations en route that indicates 0.8% yearly, or $80 a year on each $10,000 contributed.

Still, in the event that you need to conjecture on the dollar or support against a solid U.S. cash keeping down other worldwide ventures on your rundown, it’s maybe the least demanding approach to do as such for generally financial specialists.

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