Best Forex Trading Apps In Nigeria 2021 (Top 10) - FxBeginner

Micro Lots: Micro lots are the smallest lot sizes available to traders on the fx market. One micro-lot is worth 1,000 units in the currency in which you’re trading in. Needless to say, they are the cheapest of all the lot sizes available and are perfect for beginners who are looking to get their hands wet and gain some experience with forex lots. Mini Lots: After the micro-lots are the mini lots. One mini-lot is valued at 10,000 of the base currency In which you wish to trade. Here you can find the Forex brokers that offer micro-lot accounts to their traders. One micro-lot is a hundredth of a standard lot, or 1,000 units of a currency. Despite its reputation, a micro-Forex account can be very useful even if you have enough trading capital for a standard account. We’ve listed the top best online forex trading apps that would let you as a Nigerian trader, trade Forex and Stocks. Here’s a breakdown of the top 10 best forex trading apps in Nigeria: XM – Best Overall Forex Trading App In Nigeria. IQ Option – Ideal FX App For Beginner Traders. HotForex – Most Trusted Forex Trading App. To trade forex on margin on the IQ Option platform, follow these steps: 1. Open a new asset and select “Forex”. 2. Enter a trade size by clicking the “Quantity” button. 3. Set optional parameters if you wish: - If you would like to open a position with the expiration time, press the “Expiration” button. - Set the take-profit/stop-loss levels. 5. Forex: IQ Option offer forex trading on a small number of currencies. Spreads are on the high side and the brand do not excel in this area: XM.com deliver ultra low spreads across a huge range of Forex markets. Flexible lot sizes, and Micro and XM Zero accounts accommodate every level of trader. GBPUSD Spread; 5 pips: 2.1 pips (var) EURUSD trading with micro lots such as 0.01 and grow up your account. quality programming solutions for Automated Forex Trading strategies (Expert Advisor – Forex Robot). In market lot of forex robot and EA available and they always lost your money. ARTHUR FX A1 V6 Automated Forex Trading System For MetaTrader 4 The brokers in this table offer trading accounts which allow a minimum trade size of at least 0.01 standard Forex lots, also known as micro lots. Forex is traded in lots, which is the unit of an order size and therefore determines the cost of the order. 1 Forex standard lot has a value of 100,000 units of a currency. A lot represents a unit of measure in a Forex transaction.Thanks to this it’s possible to know how much money a trader needs to use for a single trade. The smallest lot size in forex is called a microlot and it’s worth 0,0. There’s then the minilot which is 0,1 and it’s the medium size.. However, there’s no limit to the highest amount – even if some brokers set a maximum of 20 lots Here’s a breakdown of the top 10 best forex brokers in Japan: XM – Best Overall Forex Broker In Japan. HotForex – Most Trusted Online Forex Broker. IC Markets – Best Forex Broker With The Lowest Spreads. IQ Option – Best Online Broker For Forex Trading. eToro – Best Forex Broker For Copy Trading. Alpari – Great For Dedicated Forex Micro Lots Micro lots are what retail traders usually prefer for trading Forex because a single pip in a micro lot means only 10 cents movement in price. This way, any losses can be easily managed. This pip is equal to $1 in the mini lot and $10 in the standard lot. There are some currencies which move up to 100 pips in one trading session.

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