The investment year of 2016 has left a negative impact on the investors of the Nigerian Stock Exchange (NSE), just like 2008. Nigeria’s stock market went through a gigantic setback when the USD/NGN exchange rate skyrocketed last summer, leading to a 1 trillion NGN drop in market capitalisation. As many marketing analysts suggest, 2016 was a long year of desperation in almost every sector of the economy, caused by the recession. If you trade Forex, you should definitely keep reading this text.
Despite Forex trading has been very popular in Nigeria, many traders still don’t have the needed knowledge to make serious amount of money. We at Eagle Global Markets will provide you not only with the opportunity to trade in naira, but also make an effort to teach you all basics (…and secrets) to trade Forex like a pro!
Finally, there is a Nigerian trading platform that enables traders to trade in naira. EGM has done the process of domestication very thorough and very well. There are many benefits of trading in the local currency, one is the elimination of the currency exchange risk. By trading in naira you can focus on other things essential for successful trading. Continue reading “Trade In Naira: How Domesticated Financial Markets Work”