More To Forex Trading Than Just Buying And Selling

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Blessing Shanpepe Dzer, CEO Knights Lead Markets.
Mediaage NG News – ABUJA, Nigeria

In our mission to keep the society informed, we ran into an eloquent talker, known as the Forex Lady Boss in a training class organised to expose the public to see the benefits of earning in dollars. Getting into the class were trainees waiting to be tutored on why they should earn in foreign currency, especially with the deflating nature of the Naira.

Blessing Shanpepe Dzer, the CEO of Knights Lead Markets said she’s had been in forex trading for the past decade and despite seeing different shades of the market, she is positioned to impact others.

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The Benue born graduate of Maths Statistics from the University of Agriculture, Makurdi also said Forex is a skill set needed to be a money magnet and added that other big financial institutions are involved in forex trading, despite already being big in finance.

“Doing forex for the past decade has been the good, bad and ugly, she said.

“Forex is a skill set you need to learn to become a money magnet. The World Bank, domestic banks and other financial institutions, high network individuals trade forex. All one needs to do is get the skill set and basic education on how the market works, it goes a long way in becoming a poverty killer in one’s life and generation”, she added.

MediaageNG More To Forex Trading Than Just Buying And Selling In our mission to keep the society informed, we ran into an eloquent talker, known as the Forex Lady Boss in a training class organised to expose the public to see the benefits of earning in dollars. Getting into the class were trainees waiting to be tutored on why they should earn in foreign currency, especially with the deflating nature of the Naira.
Xavier Chimezie

She said looking at forex trading from the outside or as a new beginner, may seem easy but, until the basic knowledge is going else, it ends in futility.

“I met my mentor when she introduced me to forex and seeing her earn in dollars encouraged me more. Initially, it looked easy but, when I began, I realised it was more than just buying and selling, Mrs. Dzer continued.

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“You need to understand the market very well, you need to know how each currency reacts, check the history of the market and how it has been over the years .

“The persons that trained me have been in the industry for quite a while. I didn’t go through the basics and just wanted to start earning in dollars because I saw them doing so. In that process, I got my fingers burnt.

“I was into forex with the mindset of gambling, not knowing that it’s far from that. You need to know the technical analysis and nitty gritty when it comes to trading the market.

MediaageNG More To Forex Trading Than Just Buying And Selling In our mission to keep the society informed, we ran into an eloquent talker, known as the Forex Lady Boss in a training class organised to expose the public to see the benefits of earning in dollars. Getting into the class were trainees waiting to be tutored on why they should earn in foreign currency, especially with the deflating nature of the Naira.
Solomon David

“Even doing all the trainings, you will still get greedy when you see people earning in dollars. So, trainings on forex are meant to educate people on being patient, going through the process and be disciplined.

Chimezie Xavier, Head of Education, Capital Xtend, an organisation that organised the training with Knights Lead Markets spoke on why earning in dollars should be a priority for Nigerians. The graduate of Microbiology from Anambra State University also figured that should be an added side hustle to one’s regular job.

Speaking about the event, he said it was about letting people have an insight into the future because of the uncertainties surrounding the Nigerian economy deflated by inflation.

“Inflation in the country is on the high and currently, if you are not earning in dollars, I think you are on tr wrong side, he said.

“Earning in dollars will be a plus added to your other businesses to be on a safe side. We are trying to expose people to see the benefits of earning in foreign currencies. This is one of the series of events we’ve organised.

“If you have the benefit of earning in dollars or naira, which would you go for? Of course, it’s the former because it’s like a safe haven. So, why would I be making use of Naira when there is dollar? That’s why we have the cryptos and forex because, they give free access to acquire dollar.

“Do the Nigerian government care about me? I don’t think so. I have to cater for myself and do everything possible to make sure that I’m taking care of myself and family. The Nigerian government won’t do that for me”, he puzzled.

One of the trainers, Solomon David, a digital marketer, said for everyone, there’s something that pushes them, which is finance improvement. So, it is wise to meet with persons that will aid in that aspect.

“We are trying as much as possible to help those that we can. We give them unique opportunities which I consider to be the best. We try to show them ways of safeguarding themselves against the uncontrollable inflation today in our country”, Mr. Solomon said.

He added that gone are those days that one need to know the intricacies of everything. “Today, if you know the AI and one of its features, ChatGbt, which I like using a layman’s term to mean the coming together of different genius to provide solution to a particular problem, you can’t compete with it”.

Mr. Solomon also enthused that it takes monotonous practices to trade forex and in her s words, “many will get burnt while doing it”.

He continued by saying that “today, we have the technology that enables us to copy through AI the performance of someone who has already had track record of success in forex trading. So, instead of going through the rigors, find someone who is already doing well, you can have the same results as they do.

MediaageNG More To Forex Trading Than Just Buying And Selling In our mission to keep the society informed, we ran into an eloquent talker, known as the Forex Lady Boss in a training class organised to expose the public to see the benefits of earning in dollars. Getting into the class were trainees waiting to be tutored on why they should earn in foreign currency, especially with the deflating nature of the Naira.

“It makes sense to find a reputable trader with good trading style that they can model after. Then, you leave AI to do the work. That’s exactly what we do here. We help to connect people to professional traders with success stories so that while they are busy with other life activities, these traders are doing the trading for them”, he concluded.

Comfort Timothy, a trader who learnt joined the training five years ago said it has been an interesting journey so far.

“I’m still learning but, I’m progressing. I wasn’t too sure when I came in but, believed when I saw others succeeding. At least, one thing I’m sure is that, I’m happy I took that decision. It has turned out better than what I expected when I joined from the beginning.

“I had been a procurement and supply chain specialist with one of agencies of the United Nations before I retired and came into this trading. The digital space is becoming the model for many to pursue because, there’s increase in activities in it. Because of that, I decided to learn the ropes and continue in it.

Two of the several trainees in the hall, Chuks Osakwe and Abdul Jimoh gave their views on how the training has impacted them since they began.

MediaageNG More To Forex Trading Than Just Buying And Selling In our mission to keep the society informed, we ran into an eloquent talker, known as the Forex Lady Boss in a training class organised to expose the public to see the benefits of earning in dollars. Getting into the class were trainees waiting to be tutored on why they should earn in foreign currency, especially with the deflating nature of the Naira.

Mr. Osakwe said “I got to know them online and having traded with some other traders, I joined them and since then, I’ve seen lots of difference. I’ve lost about 16 million naira while trading with others but, here, they give you the basics because, you start from the Marine class to Delta Force before the Naval Force.

“The mistakes I made previously are been corrected here and some of the things the others did not teach me, I’ve got to know them here”, he said.

Abdul Jimoh said the need to grow his forex journey “brought me here. I was introduced to Capital Xtend through my brother and I’ve learnt a lot for two weeks now. I’ve been impacted, getting the terminologies and understanding the market structure. Thanks to Capital Xtend, I give them credit for the knowledge I’ve acquired”.

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