Nigerians are hungry. Everywhere you go, the signs are there. People are mostly not employed, while those that are, are simply underpaid. This has led to the search for life lines which is the role the internet based forex business is playing, not only in Nigeria the world over.
These were exactly my thought as I listened to the lecturer in Wuse Abuja. The teacher or instructor was simply putting his audience through in the act of foreign exchange trade which has gripped the nation and the world at large .
I gathered that this lecture which is simultaneously going on in so many other places is now the in-thing especially for the teeming unemployed populace in the country.
Another lecture organized by expedited technologies limited in conjunction with Biotech line Digital Network which was also attended by Newsworld took time to explain to its audience to act of systematically turning very little investment to so much money if only the person knows the tricks involved.
To do this the organizer had waived their normal Tuition fees of N45, 000 and collected only N5,500 as registration fees. The session also included computer lessons for the non computer literate students. The course which lasted for seven days will see the students coming out with basic instructions on making money on-line which has been going on in other first and second world.
Last year alone, over one trillion dollars was made online according to reports from Google and yahoo two of the biggest search machines in the world.
These payments which were made through electronic payment such as most Nigerian Banks are engaging now allows the trader to collect his income from any bank of is choice in Nigeria without hassles.
Tony Onyekwere, a forex trader narrated how he made over $200,000 last year alone and had to retire from his job to concentrate on it. He enumerated some of the requirements one needs to engage in the trade as a laptop or computer that is hooked online. Others include opening of domiciliary accounts with any of the banks in Nigeria.
I gathered that the trade is not only legal but legitimate as many banks have branches that handle the transaction.
I also gathered that one need as little as 12,000naira to invest in the business and within a little period stands the chance of making over one thousand percent gain if the trader knows his onus.
The risk one also needs to know is that the trade is in stages which allows for gradual graduation and increase in the investment. There is also the need to collaborate with other traders in other to form a block one also me have need to have an agent like a portfolio manager who helps in protecting your investment.
