Forex Trading, Another Way Out for the Average Nigerian Youth


Our educational system and the Government has made it so difficult for a young Nigerian coming out of a tertiary institution without a handwork to find life so difficult. I wonder at times if there will be an end to this, considering the number of unskilled Nigerians graduating from these same tertiary institutions yearly. I was in this same situation when I graduated two years ago, and it was only until my service year when I had to look for a way out of this mess.  I had to enroll in a forex academy, and today I can proudly say that I have been surviving since after my service ended by the grace of God and through actively trading forex. Not bad, right?

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Forex trading is simply the buying and selling of foreign currencies and sometimes commodities and metals like gold, crude oil, and silver, etc. It’s the largest and most liquid market traded in the world, with an estimated volume of $5.3 trillion traded daily, which is projected to still grow further by 2030. This is the part where it gets interesting because you can basically start trading with as little as $100 using a laptop or a smartphone with an internet connection at the comfort of your home without moving a muscle. Cool! Right?

Whenever I mention forex trading to people or tell them to invest their money into it, the question I always get from them is, “hope say no be scam ooo? or you sure say this thing no be MMM?” To some Nigerians, forex trading is a gamble, and it can only be so when one lacks formal education about trading and when one decides not to follow a trading strategy.

But I see forex trading as a means of bringing back the looted funds being exported abroad by our greedy and self-centered politicians, all to the benefit of none but those in the western world. You may be wondering why I said so, right? Well, for your information, these funds are being used by the western banks for their daily transactions, and this is the same trillions of dollars circulated daily in the forex market, which I believe a Nigerian who is knowledgeable and skilled in the art of trading can make a fortune for his/herself, rather than sitting and waiting for the Government that cares for none, but their pockets.

Sandile Shezi, who is one of the youngest millionaires in South Africa, didn’t become a millionaire through gambling; he became that through actively trading forex, sticking to a strategy. To this, I will advise every young Nigerian who is willing to make a living or even add another stream of income to actively engage in forex trading. But be warned that every business comes with its own risk, and in forex trading, be prepared to lose some money; if not, I will strongly advise you to go look for a job.


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