Is it safe to invest in MBA forex?

What is MBA forex investment?

What are MBA’s Value-added services? Apart from investment services, MBA runs a trading/training Institute where students receive training on Forex market navigations for profitability. They also offer a free three months mentorship for graduates of the institute to ensure their success in the Forex Market.

Is it safe to invest in forex trading?

Please keep in mind that forex trading involves a high risk of loss. … But, risks are involved in any financial trade or investment. When you do currency market trading, limit the risks by never doing trading based on borrowed funds and never stretch yourself. These are the only two major risks.

Is MBA a forex?

MBA Trading and Capital Investment Limited is a world class Forex Training and Capital Investment Company, established with the vision of impacting the general populace with the knowledge of trading Forex and creating platforms that will bring about sustainable financial freedom.

Who is the owner of MBA forex?

Maxwell Weli Odum

Has MBA Forex been sold?

MBA Trading and Capital Investment Limited, a forex training and capital investment company with over 10 thousand active investors in Nigeria yesterday announced the sale of 90% shares to World Citizen Equity Partners. … We are MBA, your Passport to Financial Freedom.

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How do you trade on forex?

Before you trade you need to follow a few steps.

  1. Select a currency pair. When trading forex you are exchanging the value of one currency for another. …
  2. Analyze the market. …
  3. Read the quote. …
  4. Pick your position. …
  5. ENTERING A BUY POSITION. …
  6. ENTERING A SELL POSITION. …
  7. Get started with FOREX.com.

Why Forex is dangerous?

Unlike Exchange-traded markets where daily price limits are set by the Exchange, over-the-counter forex markets do not have daily price limits, thereby making them extremely risky. In addition to volatility, the low margin requirements to trade FX can result in hefty losses even on small price fluctuations.

Why Forex is a bad idea?

Maximum Leverage

The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk.

Can Forex make you rich?

Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

Is MBA Forex registered with EFCC?

Odum warned Nigerians not to see forex trading as gambling, saying MBA Forex and Capital Investment Limited is registered and certified by the Central Bank of Nigeria, CBN. He also added that the company has also been cleared by the Economics and Financial Crimes Commission (EFCC).

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How difficult is Forex?

Yes, forex trading is difficult if your only aim is to make money quickly. With this mindset you will set yourself up for failure even before you start to trade. Forex trading is also easy, if you are willing to dedicate the time and efforts into becoming a successful trader. … Taking losses is part of forex trading.

Is forex a gamble?

Is Forex trading like gambling? No, in the sense that in gambling the odds are slightly against you or even, while good Forex traders know how to trade when the odds are on their side.

Is Forex high risk?

While forex assets have the highest trading volume, the risks are apparent and can lead to severe losses.

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