to do that is by opening a demo account on any forex trading platform of your choice. People know their savings are not safe unless kept in a foreign currency such as the US Dollar or the Euro, and they also know that a lot of money can be made in the currency markets. For example, an operation that uses a leverage of 1:100 will require only 1 of the traded amount as collateral. Account Types, before you start trading you should be given a chance to backtest your trading strategy on a demo account. When you are ready to trade real money, a broker should offer you a number of accounts to choose from. We hope they helped you to form a picture of what a reliable broker looks like. How much do I need to start this forex trading tutorials sinhala forex trading business? You can start with 100.
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Current data shows that the following brokers have the largest number of Nigerian traders, meaning they are the most popular forex brokers in Nigeria: 1 m 2 hot Forex 3 ava Trade 4) IC Markets 5) Pepperstone All of them are very high rated brokers. Because of that, the brokers want to give their clients the chance to trade larger amounts, as long as they can cover their potential losses with their margin balance. Just dont forget that profits come with risks and the higher the profit, the higher the risk. Forex brokers serve as a medium through which you can trade online. A low minimum deposit amount, good mobile trading platform, a wide range of deposit and withdrawal methods.