• ABOUT ME
  • LET ME DESIGN YOUR BLOG
  • CONTACT
Internet Business Academy Nigeria
Practical Internet Business Training & Mentoring
  • ABOUT ME
  • LET ME DESIGN YOUR BLOG
  • CONTACT

LATEST INFO

  • How over 800 people were scammed of over 100 million Naira to Travel Abroad and How I  fell victim of this Scam and How You Can Avoid it.
  • 17 Ways to Make Money Online in Nigeria
forex

Forex/ Internet Business Foundation Course

Forex Trading: A lucrative Yet Risky Internet Business

Samuel Oritsejimi Iyinbo 4 Comments July 8, 2012

As part of the education on the kinds of businesses you can do online, today we would be taking a look at Forex Trading.

 .

Forex is a short form that is coned from FOReign Currencies EXchange market. It is one of the most liquid markets in the world, while being the largest financial market (daily average volume is about $3.2 trillion according to BIS report)”.

 .

Forex trading involves  buying  and selling various world currencies in exchange for another, in order to gain profit on the currency’s price change. This is the principle that Bureau de change, make their money.

 .

In the past Forex trading used to be exclusive to the super rich or big banks, but these days Forex trading is now accessible to everyone via online Forex brokers. They act as intermediaries in the purchase of currency pairs .

 .

The most traded currency pairs (major pairs) are EUR/USD ( Euro for US Dollars), GBP / USD (Great British Pounds for US Dollars, USD / JPY (US Dollars for Japanese Yen and EUR/JPY (Euro for Japanese Yen.

 .

In Nigeria today, the popularity of Forex trading is growing day by day. However a lot of people have lost their money because:

1)      They were not properly educated

2)      Poor internet connections

3)      Greed (i.e. instead of raking in small profits they take risks that lead to loss of money)

4)      Lack of due diligence in reading charts and trends

5)      Lack of patience.

Among others.

 .

Forex should not be considered as the easy money making scheme as a matter of fact, there is no easy way to make money online, you have to work for it, in order to earn a sustainable income as a trader, you must learn and practice. The truth of the matter is that Forex can make you good money if you really know what you are doing or consider joining a good Forex club. I recommend proper due diligence  if you have to do it this way.

 .

In conclusion, Forex is a good online business that can make you substantial money if you know what you are doing, but if you do not know what you are doing, you could lose substantial amounts of money.


863 total views, 4 views today

Samuel Oritsejimi Iyinbo

Samuel Oritsejimi Iyinbo has been making money online since 2003 as a website designer with over 60 clients and counting, an internet business consultant, serial entrepreneur and spiritual teacher where he disseminates spiritual messages The Roving Messenger. He founded Illumination Concepts’ E-learning Centre and Innovation Hub the Internet Business Academy Nigeria, to share his knowledge and to train people on how to make money online.

Related Posts

forex1

Forex /

The Road To Becoming A Succesful Forex Trader

linda-ikeji-new-suv-lindaikejiblog-569x330 (1)

Internet Business Foundation Course /

Nigerians Who Make Millions of Naira Blogging & How They Do It

‹ The Road To Becoming A Succesful Forex Trader › Receive Your Gmail As an SMS – Gmail SMS

Get my Ebook

17 ways to make money online in Nigeria

Categories

  • Business News
  • Business Review
  • Entrepreneurs' Challenge
  • Facebook
  • Featured
  • Forex
  • Google
  • Google Adsense
  • Helping Hands International (H2i)
  • Internet Business Foundation Course
  • Internet Freelancing
  • LATEST INFO
  • Latest Money Making Info
  • Motivational
  • Recommended Tools Softwares and Services
  • Reviews
  • Social Media
  • Uncategorized
  • Video
  • Website Design

Back to Top

Most Commented Posts

  • Helping Hands International – H2I Explained in Detail, How to Join and Cashout
    193 comments
    In this post, I would be explaining in detail about
  • How Do You Collect Your Money For Your Internet Business in Nigeria
    13 comments
    One of the questions I often get people ask me is
  • How I Use My Nigerian GTBank VisaCard To Order Products From Amazon
    11 comments
    I recently came across a blog post on the internet
  • How to Easily Get Your Helping Hands (H2i) Money Without It Getting Stuck in Your E-wallet
    9 comments
    A lot of people contact me about Helping Hands
  • Make Money Fast and Easily. Earn100% Commissions From the Most Lucrative Internet Business Taking Over The Internet Now
    7 comments
     .  . Are you looking for a Fast and Easy Way to

Recent Comments

  • Samuel Oritsejimi Iyinbo on Helping Hands International – H2I Explained in Detail, How to Join and Cashout
  • Samuel Oritsejimi Iyinbo on Helping Hands International – H2I Explained in Detail, How to Join and Cashout
  • Samuel Oritsejimi Iyinbo on Helping Hands International – H2I Explained in Detail, How to Join and Cashout
  • Bashir muhammad nabanki on Helping Hands International – H2I Explained in Detail, How to Join and Cashout
  • Bashir muhammad nabanki on Helping Hands International – H2I Explained in Detail, How to Join and Cashout
  • Home
  • About Me
  • Contact
© Internet Business Academy Nigeria 2021