Would you invest in stock or shares even after the collapse of the stock market in 2008? Alternatively, would you invest your money in forex trading, which many consider to be 'volatile', a gambling game or a drain? Many have also encountered what happened in the stock market.
Many Nigerians may say 'No' to the first question on the stock market. But that is an unwise decision. Those who have the market knowledge have really profited more even after the recession. I will like you to compare the stock prices after market collapse of 2008 to what is obtainable now to the following stocks of Cadbury, Nestle, NBL, Unilever, GTB, Lafarge, Guinness and Transcorp, to mention a few.
The same also applies to forex trading. Many who lost investments or funds in the 2007-2009 era may also say no to forex trading. I do get questions on whether forex trading still exists or whether it still brings returns?
Many do not know some of us who remain steadfast have upped our skills with a high level of professionalism in trading and managing funds/investments. That has also translated into managing high net worth accounts or VIP accounts holders with fairly good returns and allaying fears of losses.
Online forex trading gained its popularity much in the year 2006-2007 in Nigeria and was widely accepted from the fact that it was projected as a quick money spinner in the hard currency so to speak.
This was thus seen as a get rich quick scheme. Many adverts of invest $200 and grow it to $20,000 in six months were common place.
Many pseudo-traders and demo account traders cum trainers sprang up everywhere. Not long, the results of lack of in-depth knowledge about the market began to prevail and the result was a disaster. Losses were recorded and accounts were burnt out. This resulted in some looking at the forex trading as a scam or a gamble.
Since 2012 that I have been on this column, many have been convinced through my write-ups, accurate market signals and my training activities, which have produced successful traders.
Rather than sit back and castigate the market like novice investors in the stock market, it is high time to come and learn or invest in the forex market. It is just left for you to find the professionals who can pull your investment through or impart the required knowledge in you to become a skilful trader.
Traders worth their salt should boldly be able to advise investors on levels of investment so as to be focused themselves.
As I encourage a minimum level of $1k investment for trainees who want to trade their accounts themselves, so also will I stand my ground to have VIP investors who can invest from $20k and above, after all I have got a track record to show on returns and on assured safety of their funds.
I throw the ball in your court to answer the question and take a decision now: would you in invest in forex trading?
Of recent, I wrote through this column that there is potential boom for Nigeria in the major commodity earner, the crude oil. If you read that article, you will see this is gradually happening. Much liquidity is coming soon to make the stock market and forex trading ventures to be embraced again. No matter the deterrents, prepare now.
Visit our website www.kardsfx.com for upcoming training and other related enquiries.
Market tips for the week Monday 09 – Friday 13 May, 2016
Please note the suggested entry points/ranges. The buy trades will most probably trend down at the week early days like Monday to Tuesday. You may therefore trade them on sell pending when they reach the SEPs and vice-versa for SELL trades too
Entry (SEP) and exit (TP/SL) could also be at trader's discretion.
USDCAD (BUY): Entry between 1.2747 and 1.2805. TP1: 1.3213 TP2:1.3350
AUDUSD (SELL): Entry between 0.7450 and 0.7500. TP1: 0.7185
EUR/JPY (BUY): Entry between 120.40 and 121.50 TP1: 124
AUDNZD (BUY): Entry between 1.0797 and 1.0803. TP1: 1.0676
EURCAD (BUY): Entry between 1.4586 and 1.4600 TP1: 1.5205
GBP/CAD(BUY): Entry between 1.8510 and 1.8520 TP1: 1.8855 TP2:1.9050
Visit our website www.kardsfx.com or our office at 2nd Floor. 67 Obafemi Awolowo Way, Opposite Olowu Bus Stop for more assistance on your investment or account management, account opening and training. Terms and conditions apply.
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