Nigeria has an active forex trading market, and forex trading is 100% legal there. However, if you’re new to forex trading, things can be overwhelming. That’s why we want to introduce you to five of the most successful forex traders in Nigeria. By learning from their experience, you will get acquainted with forex trading much more efficiently.
What to Learn
Forex trading requires sharp observation, accurate analysis and prediction, and fast reactions. Therefore, there is often a sharp learning curve for new traders. Most forex brokers, such as the modern tech-driven brokerage platform JustForex, offers extensive support to new traders in Nigeria, including customer support and educational resources.
When learning, pay attention to the following:
- Best practices
- Strategies used in different scenarios
- Hard skills recommended by successful traders
- Personalities that made others successful
Uche Paragon is a name well-known in Nigeria and across the continent of Africa among forex traders. He started trading back in 2007 and took a highly technical approach to forex trading, supported by his solid trading skills. If you want to learn from Uche Paragon, he opened a forex school in Nigeria. He also owns a trading firm — CCI Traders.
Chinedu Onuoha is a veteran trader with over 12 years of experience in the forex market. Unlike many other traders, Onuoha positions for longer terms and believes in sustainable strategies. Currently, he fully dedicates himself to forex education and is best known for his tutorials and strategy tailored for new traders. For Onuoha, the most important thing for a trader is the reduction of losses.
Blessing Ezeako is the best-known women forex trader in Nigeria. She believes that flexibility, dedication, ambition, and the ability to accumulate knowledge make a forex trader successful. Additionally, Ezeako is not your typical success story. Looking at her journey, you will find failures, frustrations, reflections, and the power to elevate out of a desperate situation — things every forex trader goes through.
Bade Ajidahun Afioluwa
Bade Afioluwa is one of the richest forex traders in Nigeria. He got into the forex game at a young age and spent plenty of time observing and learning from others before making a profit for himself. Instead of setting a stop-loss to avoid losses, Afioluwa took a non-traditional approach early by allowing himself to make mistakes and learn from them. By doing this, he built a unique methodology that turned his trades profitable.
Benjamin Ilesanmi Ajimoko
A sales background definitely helped Benjamin Ajimoko in achieving his success. Nowadays, he provides training for new traders and key insights to his peers. For Benjamin, the biggest secret to becoming a successful forex trader is winning against your own emotions. You must learn with a calm mind and not let greed or defeat affect your performance.
Start Forex Trading in Nigeria
If you’re ready to start forex trading in Nigeria, begin by educating yourself on the market basics. Then, invest in a few trading strategy books and go through one of these top traders’ training materials. When it comes to Forex trading, the key is about learning and finding a strategy that works the best for you. For brokers, we recommend https:/justmarkets.com.