FXTM Committed to Inspiring Forex Trading Via Education- Thalassinos

Forex Times (FXTM), leading forex broker specialising in forex trading, recently organised a series trading seminars in Lagos and Abuja, Andreas Thalassinos, head of Trader Education at the Company shared views on FXTM’s penchant for trader-education, especially in Nigeria.

The seminar series began at the end of last month with an advanced 1-day free seminar titled ‘The Ultimate Trading Formula’, which he described as was extremely popular with over 250 participants.

“This was followed by a 3-day afternoon workshop for beginners at FXTM’s Abuja office. The workshop had a total of 50 participants, allowing for more personal interaction with FXTM’s local team and myself. The series will conclude with a grand Gala Dinner which is being held in Lagos on September 24th offering an exclusive program, including a presentation on market trends by FXTM Research Analyst Lukman Otunuga.

Speaking on what inspires FXTM’s commitment and investment to educating Nigeria traders; Thalassinos said that they want to enable local traders to achieve their trading goals.

“Nigerians are really embracing the world of forex trading, and to support their ambitions we have developed a range of engaging training seminars and informative online educational resources that are tailored specifically to the needs of Nigerian traders. Education is crucial to becoming a well-rounded trader who can balance the opportunities and risks presented by the markets. That’s why at FXTM we provide extensive educational resources covering both fundamental and technical analysis so traders can carefully hone their strategies. We also understand that a trader’s education never ends, which is why we provide educational resources and training for all experience levels from beginners, right up to advanced traders”.

The Head of Trader Education at FXTM also said that over the past 18 months, they have held a number of highly successful educational events, including a two-day seminar last August with over 500 participants, as well as our well-attended weekly training sessions.

He said, “Seeing Nigerians being so keen to apply themselves to studying and understanding the markets is great news, and this is definitely having a positive impact on their level of skill and expertise- an educated trader is a better trader! We have seen this in practise with FXTM Invest, our investment and copy trading program, in which 35% of the top Managers are from Nigeria. “We strongly encourage our traders to take the time to learn about the markets and develop their skills, as we say at FXTM, ‘time is money, invest it wisely’”.

Experience with the Nigerian Traders
“Depending on the region, traders around the world tend to adopt different strategies and demonstrate a stronger interest in certain currencies or commodities and trading products. In terms of our products, we have seen that our investment and copy trading program, FXTM Invest, is especially popular in the region, with more than a third of Investors and Managers coming from Nigeria.

“In Africa as a whole, the EUR, JPY and GBP are particularly popular currencies amongst traders, with a more aggressive style of trading preferred. At FXTM, we take local differences and preferences into account by providing tailored products and services, to ensure that the trading experience is as seamless as possible. For example, FXTM’s local presence in Nigeria enables Nigerian clients to deposit into local banks in Naira, and have their trading account credited with the equivalent amount in USD in a very short period of time.

Other Plans to Broaden Online Forex Trading Knowledge in Nigeria
“Our regular on-the-ground educational program is one of the key ways in which we are supporting the growth knowledge of forex trading in Nigeria. These have been extremely popular and following the overwhelming positive feedback we received on last year’s events, we returned in 2016 with an even more expansive program of educational events. In addition to our larger unique seminars, our local offices also offer weekly free educational training sessions.

“Each week we hold a range of programs including: basic, applied and advanced level financial market trading courses, a MetaTrader 4 Class and an investment seminar on how to trade with the FXTM Invest program. We also offer a networking event every Thursday afternoon where traders can meet to discuss their strategies and share new ideas. Those interested in more information on our training sessions should get in touch with our local Nigeria office”.

Comparing Nigeria’s Online Forex Trading Competitiveness to the Global Index
“Comparing the forex industry in Nigeria to the other countries is difficult because each market has its own characteristics, however online forex trading in Nigeria is certainly very competitive. From a broker’s perspective, we are continuing to see strong growth rates year-on-year in Nigeria and this is a trend which we expect to continue.

“For Nigerian traders, there are many opportunities to benefit from trading the markets, however this depends on a number of factors including developing a robust trading and risk management strategy and selecting a broker which offers good trading terms. One of the reasons why FXTM is popular in Nigeria is due to our extremely fast execution speeds and competitive spreads and trading terms, meaning that traders can really get the most from their trading experience.

FXTM UK, South African Divisions Opening
“Since the start of the year we have achieved a number of key milestones as part our global growth strategy, including receiving our South Africa license and the opening of our fully operational UK division in April. Having delivered strong results and stable growth since the founding of the company, expanding our global network is a natural progression for the business and we will be focussing on this throughout the rest of 2016. With regards to Nigeria, FXTM

already has a long standing presence in the country with a committed local team and two offices in Lagos and Abuja.

“We are proud to be one of the first firms to open up the world of currency trading to retail investors in Nigeria and will continue to develop cutting-edge products and services designed to meet the needs of local traders.