Currency Trading

The man that turned N4000 (Four thousand Naira) to N400, 000 (Four hundred thousand Naira) in less than two years finally revealed his trading strategy called “Trend against the Trend”

If you have been struggling to make money consistently from forex trading but to no avail then you are lucky to be here.

I said you are lucky because this trading pattern was equally my saving grace in the world of forex. That is why I decided to write a review of this magic trading system.

Before I continue with this review, let me warn you, if you are a totally new person to forex trading then this trading strategy is not for you.

Or if you are new to forex trade, I suggest you get it and keep it, while you learn forex basis after which you will start using it.

In fact, even if you are new and really want to make money trading forex, get it and keep it because it will really help you after you have understood the basics of forex trading.

When I first come in contact with this system, I wondered how this could be possible. Do you know why?

Every forex material and program I bought always tells me to trade the trend. But this particular one I am reviewing said I should trade trend against the trend.

His idea was confusing that I went online to search for Trend against Trend trading strategy review. The sad thing was that there were no reviews regarding the system.

I was so skeptical that I have to call the founder and asked him some questions, which he gave me satisfactory answers.

So, I decided to spend just $50 (at the time) to get his video course. My dear reader, that $50 was the beginning of my success till today.

Sad News:

Now I learnt that the course goes for $120 or an option to sign up with the coach’s recommended broker for a 40% discount.

It cost higher now, but it is totally worth every cent. if you study and apply what his trading secrets revealed in the video series you will make your money back in no time.

In fact, don’t gamble with your money anymore in forex trading until you have access to this trend against the trend trading strategy. That is my candid advice.

Where to Find The Strategy?

The founder of this trading strategy is one of the most sought after financial bloggers in Nigeria. Yes, he has been in the financial market for over 25 years, which is why he was able to create a strategy that really works.

When I first stumbled on his blog, I was aware this man was really serious about what he was doing. He owns the blog naijabizextra.com

It was amazing to find out that he was the man that converted N4, 000 (four thousand Naira only) to N400, 000 (four hundred thousand Naira only) in less than 2 years trading forex.

It will interest you to know that with this trading strategy, you don’t need an EA, robot or any form of indicator to trade forex successfully,

I thought that wouldn’t be possible but today I am a master now in trading forex without any indicator and consistently making money at my wish.

To summarize his trading system, understand that language forex speaks and interacts with it, and make money from it.

The man behind this trading system is by name Mr. Simple. As his name implies, he made forex so simple that once you understand Trend against the trend trading system you are already rich.

I was so convinced when he promises a 360 days money-back guarantee, which means I have 360 days to ask for a refund if the system did not work for me.

Though he said every of his client must show proof that he/she really applied what he revealed in this forex trading video series before getting a refund.

One special thing about the man is that you will have access to him at any given time.  In fact, you can always reach him for a signal once you spot one for confirmation even in the midnight.

My final advice is that it is better to invest N100 with the right forex trading strategy because you will always grow it, than to invest N1, 000,000 without the right knowledge because you will blow it away.

Kayode Samuel is here again. He is the man behind standard fx and after destroying a lot of financial positions of many Nigerians, he has rebranded to betafx with website betaforex.org.

He has reduced his promise from 37% weekly to 20% weekly. The reality is that if you are considering investing with betafx.org then you can read my experience with him Here.

Beta Fx has ruined the life of many Nigerians with this mouth-watering offer. In fact, he makes everything look real and safe by telling investors to open a trading account in their name.

All he will demand from you is the login details to the trading platform. In that case, he has no access to the fund but he has total control on how to use or trade your money.

In case you are new to the world of forex, I will like to tell you little about forex trading. Forex trading is like every other business in life, which means it requires very long patience for the business to mature.

But because Kayode Samuel of betaforex.org has nothing to lose, he will expose all your money in one trade. Thereby crashing the account or making huge money in a short time, after which you will withdraw and give him his percentage.

Now let me tell you, betafx has nothing to lose in this deal. He either gain and get his percentage or lose your whole money in a twinkle of an eye.

Remember, he is doing this to many Nigerians, so at the end of the day, he will win a few trades for a few people and lose many for most people.

Do you know that 20% weekly amount to 80% ROI monthly? Do you know he is promising you of 960% ROI annually? My dear reader, please stay clear because this is really a scam.

You may be wondering, why am I telling you to avoid betaforex,org at all cost. Anyway, the reasons are that I was a victim. And I find out that he does not know how to trade, he only gambles with investors’ money.

To prove to you that I am not alone, CLICK HERE to find out what Scam doc has to say about betaforex.org

Scam Doc is a website that reports to the world websites built with scam intentions because they analyze everything about a website.

According to SCAM DOC, betaforex.org has a very bad trust score, and it is built for fraudulent purposes.

I think with these very few words of mine; you have been saved from one of the calmest fraud in this country. This is my experience and views but the choice is yours.

Just take note: As long as MMM did not last, betafx of betaforex.org can never last.

There are thousands of advanced forex trading strategies that have helped a lot of people made money trading forex. Therefore, you are not wrong if you are searching for forex trading strategies PDF that will guide you to your forex trading journey.

A lot of traders get confused when it comes to forex trading strategies to use, to save the situation I have compiled 5 best forex trading strategies PDF or best forex trading strategies books that have helped thousands of traders’ trade successfully.

This advanced forex trading strategies PDF are designed for easy understanding for both beginners and intermediate traders. Below is the list of the PDFs

Best Forex Trading Strategies PDF

1.  Japanese Candlestick Charting Technique By Steve Nelson

This simple forex strategy book is by far my favorite.  In fact, it is the first candlestick book written out of which other ones where carved out.

It is a 331 pages guide that contains everything you need to trade successfully in the world of forex. The first part of the book explains in detail the origin of the forex, and why the Japanese are seeing as the father of forex.

Also, it tells you why forex is related to the military formation of the Japanese. Therefore, this forex trading strategies PDF made it clear that trading is like going to war. So, you must understand the military terms to survive the war.

The second part of the book teaches how to construct the candlestick and drawing the candlestick lines.  After understanding the candlestick pattern, you start learning the reversal pattern.

Since forex trading is all about trend, you need to know when the trend is continuing or reversing.  Therefore, the first lesson here is to learn the reversal pattern such as hammer and hanging man lines, engulfing patterns, dark-cloud covers, and piercing patterns.

The stars are major indicators in forex trading. You will understand the 5 stars and their roles in forex trading. The morning star, the evening star, the morning and evening doji stars, the shooting star and the inverted hammer are all you will learn here.

The book talked more on reversal patterns such as harami, and harami cross, and many more.

A section is dedicated to the trend continuation patterns such as upward and downward gap, high price and low price gapping plays, gapping side by sidelines, rising and falling three methods, three advancing white soldiers, and separating lines.

This guide by Steve contains over 10 advanced forex trading strategies that have a 98% success rate.

2. High Probability Trading Strategies PDF

Robert C. Miner is the man behind this 288 pages forex trading strategies PDF. Among all the forex trading strategies books I have read, this one has the best entry and exit techniques.

It is a 9 chapter forex trading book that covers all types of markets such as stock, futures and forex. What I love most about this high probability trading strategies PDF is that it simplifies how to compare time frames in trading.

It deals extensively with how momentum affects the direction of any market. The multiple time frame momentum strategies and the momentum reversal techniques are what make this book a success.

The reality is that understanding the trends is the key to success in the forex market. This guide explains in detail the difference between trend correction and continuation.

Another good thing about this advanced forex trading strategies PDF is that it reveals money management skill that is working.

In fact, no matter how good your strategy is without good money management it will not work. This means you must learn how to guide your capital first before any other thing. And that is what Robert C. Miner elaborated on the 7^th chapter of this forex trading PDF

3. High Probability Trading Setup

This is one of the forex trading strategies books I strongly encourage every trader to read. I picked interest in the book due to the pedigree of the authors. Yes, the authors are practical trader, which means they tell the real forex stories as they were.

It is 100 pages book written by Boris Schlossberg and Kathy Lien. Boris and Kathy are both staffs of one of the world-leading forex brokers FXCM. And both of them serve as senior currency strategist with the firm

Also, they perform editorial duties with dailyfx.com. dailyfx.com is so recognized and respected in terms of the quality of information they dish out monthly. That is why they have over 3 million readers monthly, and the authors of the book high probability trading set up are the editors to this site.

They have published so many books that have helped traders around the world make better trading decisions.

This forex trading strategies PDF contains 10 top trading rules which are:

1. Never let a winning trade turn into a losing trade
2. Logic wins, impulse kills
3. Never expose or risk more than 2% of your capital per trade
4. Follow fundamentally, and enter and exit technically
5. Always pair strong with weak
6. Don’t always quickly enter trade
7. Know the difference between scaling in and adding to a loser
8. Never put hope on mathematical or engineering trading system
9. Risk can be predetermined but the reward is unpredictable
10. No excuses ever

The second part of this simple forex strategy book contains the setup and the indicators required. I am not a fan of indicators but testimonies from users of this book show that their strategies work almost 100%

You need great patience and understanding of the indicator settings to use this book to the full.

4. Forex Trading Using Intermarket Analysis

This forex trading strategies PDF was written by Louis B. Mendelsohn, and it is a 138 pages guide. Chapter one of this book defines what forex is and how to approach it as a beginner.

Chapter 2 talked much about the forex environment and how the forex trading came into existence. A lot of new traders pay little or no attention to the history of forex. But the fact is that hardly will you make money trading fx if you don’t know much about it.

Louis B. Mendelson approached the fundamentals of forex trading in chapter 3 the way I have not seeing in any other book. Fundamentals are those factors that move the forex market such as the economic, political, and natural situations surrounding a currency pair.

So, if you are a trader that loves trading the news then this part of the advanced forex trading strategies PDF is an area to concentrate much on.

After the fundamentals, the rest of this simple forex strategy book is all about the technical analysis. It is so detailed in the technical analysis to the point that you can predict the market movement based on chart formation.

5. 7 Winning Strategies For Trading Forex by Grace Cheng

If you need real and actionable forex techniques for profiting from the currency market this is one of the forex trading strategies books you must read.

This book is primarily designed for those that are new in the world of the currency market. Also, intermediate or struggling traders can benefit from this forex trading strategies PDF.

The 7 winning strategies listed in this book are trading the market sentiment, trend ridding, breakout fading, breakout trading, decreased volatility breakout, carry trade and news straddling.

The author is an active forex trader with many years of experience. Therefore, you can’t be disappointed using this guide as a forex trader.

Best Forex Trading Strategies PDF – Wrap Up

Obviously, there are thousands of forex trading strategies PDF online. Some are free while some are paid ones.

And my experience in the world of forex has shown to me that no matter the one you go for, there are things you can learn from it.

But the more beneficial forex materials do not come very cheap. In fact, they are pricey but the worth it.

Above all, your success in forex market largely depends on your knowledge. And the knowledge must come from the experience of old traders, which is laid down in their books.

Therefore, let the number of pages in any of these books scare you away. If you can’t take time to read and follow the instructions in these advanced forex trading strategies PDF, don’t bother going into forex trading.

For instant access to any of these books you can reach me on 07033680227 or use the contact us link above.

See Also: [Best Time to Trade Forex]

Time is everything in life. In fact, time is life. Therefore to know the best time to trade forex in Nigeria means talking of when to position and make money from the forex market.

Forex market is a very large and active market that runs 24 hours daily, excluding weekends.

That the market is opened 24 hours daily does not mean it is active all through. Sometimes traders become skeptical about the market conditions as such pull away, watching how things unfold.  In that case, the market will be dull or in a consolidation mode.

To understand the best time to trade forex in Nigeria, you have to know the exact Sessions that made up the market period.

The forex market is broken up into 3 major trading sessions, which are:

• Asian session
• London
• Tokyo

Trading Session Nigerian Time (GMT +1)

• Asian Session 12:00 AM to 09:00 AM
• London Session 08:00 AM to 05:00 PM
• New York Session 02:00 PM to 11:00 PM

There are other Sessions in between, but these three are the major ones you need to know. Understanding the timing and the volume of trade at this Session will really guide you on the right time to trade forex.

I will like you to know that there are lots of opportunities at any given time in the forex market. Therefore, your success largely depends on how you understand the market.

Let’s consider this forex trading Sessions in detail

Asian or Tokyo Session

This session of the forex market is considered the beginning of the trading time. Most traders, more especially daily and price action traders take their trading decision at the beginning of this Session.

The Asian or Tokyo Session opens by 01:00 AM and closes by 10:00 AM, Nigerian Time. It is referred to as the Asian Session because the major players or traders on the market at the Session are the Asian countries such as Australia, Hong Kong, Singapore, and Japan

In fact, Japan is the 3rd largest trading center in the world, which is why the Japanese Yen moves crazily in this Session.

20% of the total volume of the forex market is being determined by this Session of the forex market.

The best currency pairs to be traded at this Session are AUD/USD, USD/JPY, and NZD/USD. All the Asian currency pairs are good pairs to trade at this time of the market.

In this case, Australian and Japanese news move the market or usually cause a spike in the market.

Looking at the time of this forex Session, it is obvious that as a Nigerian, It is the midnight or wee hours here.

As such, it may not be the best time to trade forex in Nigeria because you may be carried away by sleep or you may not be mentally sound to take wise decisions.

The tendency that the closing hours of this Session will experience a big move is high because the closing hours overlap with the London Session opening.

So, always be on alert towards the end of this Session if you are comfortable trading forex at this hour.

London Session (European Session)

Many traders I have interacted with said that the London Session is the best time to trade forex in Nigeria. And their reason is that that is when the market moves greatly. In other words, there is usually more volume of currency in the market during the London Session.

Obviously, this Session contributes to 37% of forex turnover daily, which means there are many opportunities to tap in.  The major players in this market are London and Germany.

This Session starts from 8 AM to 5 PM Nigerian time. The major currencies to trade on this Session are EUR/USD, GBP/USD, EUR/GBP, and USD/CHF.

Major trade breakout occurs in this Session, therefore it is the best time to watch out for a good entry price.

Another reason this Session is very busy is that it overlaps with New York Session by 3 hours. Therefore, the market trades two Sessions at a time for 3 hours.

Financial news and reports from the European countries such as Germany, France, and others usually cause a spike in the market during the London Session

New York Session

This session is the second largest in the world of forex. It contributes up to 17% liquidity to the market. It is one of the best times to trade forex in Nigeria because the market moves at a very large distance in this session.

The major players in this session are traders from America and Canada. By Nigerian time, this session opens by 02:00 PM and closes by 11:00 PM, which marks the end of the day trading and the beginning of a new trading day.

Since Americans and Canadians are the major players in the New York session, the volatility of the USD pairs is high. Examples of such pairs are USD/CAD, EUR/USD, GBP/USD, and GBP/JPY.

The overlapping period between the London session and the New York session provides the biggest liquidity in the market. Also, daily trend reversal or continuation usually occurs during this forex trading time.

What is Best Time to Trade Forex in Nigeria?

I will like you to understand that knowing the exact time to trade forex does not guarantee profitability. A lot of factors determine how profitable you can with trading such as money management, and your psychology of trading.

The most important thing is to define your trading purpose and stick to a strategy that works. Patience is highly needed on your own part to make it in forex trading. Always remember that the market has come to stay, therefore you should trade to survive.

Best Time to Trade Forex in Nigeria-Wrap up

So far, I hope you have understood that there are opportunities at any given time in the forex market. A very big lesson to take home here is that there are active moments on the market, which are the London and New York sessions.

To be profitable entails trading according to your own stipulated rules, and strategy. So, every time is the best time to trade forex in Nigeria provided you understand how the market works.

Also, Read [How to Start Forex Trading in Nigeria]

How to start forex trading in Nigeria is the first question that comes to the mind of anybody that wants to venture into the world of forex.

Some years back, I equally asked the same question. So I know exactly where you are standing now.

But the sad thing is that most answers to this question found online do not help them, because the answers are mainly from information marketers.

These Information marketers are interested in selling one thing or the other to these potential forex traders.  And that usually leaves a lot of newcomers to forex trading frustrated and hopeless.

If you are a newcomer to the world of forex and seeking the right answer to the question how to start forex trading in Nigeria, then you are lucky to be here because you will learn from a real-time forex trader.

Before going into detail of this forex trading for beginners, I will like to change your perception about forex trading. Due to how forex is crazily advertised, a lot of people come to it with the hope of making money easily.

If you have such thinking then Forex trading is not for you. Really, you can make money fast with forex but you can lose all you have in life faster trading forex.

So, I hope you are searching for how to start forex trading in Nigeria with the mind of starting a carrier that will lead you for the rest of your life.

If so, then be ready to learn and learn overtime before earning. Forex trading is not a get rich quick program and it is not for anyone that is desperately in need of cash for an urgent solution.

How to Start Forex Trading in Nigeria – proper

The first thing to do is to acquire the right forex trading knowledge. In other words, you need a comprehensive forex trading training from an expert. By saying an expert I mean learning how to trade from a forex trader.

Sadly, most forex trainers found in Nigeria are only interested in selling an indicator, ebook, or robot to newcomers. Therefore, I cannot authoritatively recommend any forex trading trainer in Nigeria for you.

But that does not mean all hope is lost. If you are totally new to the world of forex, then I did recommend you take a free forex trading training from babypips.com.

Babypips is known for containing free comprehensive forex training worth thousands of dollars. Yes, everything is free and it has helped a lot of traders start forex trading on the right foot.

In fact, I equally used babypips.com some years ago when I started. Therefore, don’t spend a dime on learning how to start forex trading in Nigeria if you are totally new.

But if you are an intermediate or a struggling forex trader then you need a one on one coaching from an expert. For your notice, reliable forex education is very expensive but it worth it because once you get it right you will make back your money a hundred folds.

For a comprehensive forex trading training contact me on 07033680227 or use the contact us link above.

You Need a Broker

After going through training and you strongly believe you have acquired the needed knowledge, it is time to start trading.

You need a broker to start trading forex. In fact, you need a reliable broker who is customer friendly to start trading. Before then, who is a forex broker?

Who is a Forex Broker?

A forex broker is a company that provides traders with a platform on which they can execute trades at real-time. In other words, a broker is whom you will hand over your money to, which means you need a reputable one at that.

The platform a broker provides is called meta trader. The best for a beginner is MT4 or metatrader4. This and many other things to help you out are provided by the broker

In Nigeria, there are more than 50 so-called brokers, but I have done my underground work to get the best among them.

Click here to know the best forex brokers in Nigeria.

After picking the right broker, the next step is to fund your account. Every broker has a way to fund your account on their web page. So do the research to know how to fund your account from the broker’s webpage.

I strongly advise newcomers searching for how to start forex trading in Nigeria to start with brokers that have full presence in Nigeria. This is because you can easily fund your account in Naira

How to Start Forex Trading in Nigeria –Trading Proper

After funding your account it is time to start trading proper. Successful forex traders have a reliable forex strategy.  Therefore, before now you must have developed a particular strategy that works for you.

There are thousands of forex trading strategies out there, it is up to you to chose and study a particular one that works for you.

By now it is obvious you are reading to know which forex trading strategy I recommend. If it is what you are expecting, I have good news for you.

I personally trade and recommend a price action trading strategy. This strategy means you will not bother trading with robot, EAs’ or indicator.

You will only master the language of the forex chart. It is also known as naked trading, and it will interest you to know that most successful forex traders trade this strategy.

Click Here for detailed forex strategy training

Some of the forex chart languages you will learn if you are to trade this strategy are:

• Bullish engulfing pattern
• Bearish engulfing pattern
• Double tweezer top
• Hammer
• Harami
• Dark cloud cover and many more

Once more, if you need a comprehensive guide on price action or on how to start forex trading in Nigeria contact me on 07033680227. It goes for $150.

My one on one coaching is $1k. If it is expensive, don’t go for the cheaper ones that will end up frustrating you. Rather, wait and save and invest for the best that will help you throughout your lifetime.

Wrap Up

With this post, it is obvious that your question of how to start forex trading in Nigeria has been answered. I can’t drop my pen without reminding you that forex is not as easy as you may think.

It is not a way to make money fast. It is business as such you must approach it as one. This means you need a mentor, capital, patience, and courage to hang on over a long time.

Reliable forex mentors are very expensive because they make money trading forex not selling information.

Just imagine it, a person promises to teach you how to make millions of Naira from forex for just 10K. How real would such offer be?

Anyway, you are welcome to the world of forex trading where tenacity meets riches.

Good Luck