Forex trading can be a highly profitable and rewarding activity, but it can also be a challenging and overwhelming experience, especially for new traders. In fact, it is widely believed that over 80% of day traders are unsuccessful for many reasons, including improper planning or lack of knowledge. Some focus too much on random recommendations (and signals), losing money as quickly as they invest.
The Forex trading course was curated in an effort for the global Forex broker to act in line with the needs of existing and potential clients in Nigeria. A five-day seminar was held at the CCHub in Lagos, Nigeria, starting on 23 January 2022. Being designed by the OctaFX and their brand ambassador Ambrose Ebuka, the intensive offered participants valuable insights and knowledge free of charge.
Ambrose Ebuka, who provided the educational materials and personalised support during one-on-one Q&A sessions, was instrumental in correcting false beliefs and myths about Forex trading throughout the course. He also awarded all participants with unique gifts and certificates of attendance. The attendees took part in guided daily trading practice on both demo and real accounts, which gave them hands-on experience in real-life market conditions. The class was well-equipped and facilitated a conducive and interactive learning atmosphere, allowing attendees to connect with other traders and benefit from their insights.
The curriculum of the Forex trading course by OctaFX covered the following topics:
- what the basics of Forex trading are (including the types of currencies and currency pairs)
- how to read charts
- what risk management is
- how to protect investments
- how to use technical indicators to make informed trading decisions
- how to develop a solid trading plan and stick to it
- what is the psychological aspect of trading
- how to maintain a clear and focused mindset.
Overall, the Forex trading course by OctaFX offered a valuable and comprehensive learning experience for participants looking to succeed in the foreign exchange market. Upon completing the course, participants were equipped with the knowledge and skills to make informed and profitable trading decisions.
The broker brand aims to educate all attendees about the fundamentals of Forex trading through these courses. Keep an eye on announcements of future courses on their official site or follow their social media accounts to stay informed. Be sure to register early to secure a spot at the nearest session.
OctaFX is a global broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 150 countries who have opened more than 12 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises.
In Nigeria, it managed to capture the ‘Best ECN Broker 2021’ award from World Finance and the ‘Best Forex Broker Nigeria 2022’ award from the Global Banking & Finance Review.
