Rising fuel prices, high inflation… hope that 2022 would be a prosperous year was dashed as the global economy was thrown into disarray.  

Yet, one area that has remained “disaster-proof” is online trading – this is because good traders can profit regardless of which way the markets are moving. 

Online trading revolution 

All you need is internet access and a trading account to start trading. To become a successful trader, however, you’ll need education and the support of a reputable brokerage such as CMTrading. 

3 simple steps to start your trading journey  

1 Sign-up  

2 Deposit  

3 Start trading 

 Open a live trading acount today and get 1 Risk Free Trade

‘When they profit, so do you!’ 

Tope Ijibadejo, CMTrading Nigeria Region Manager, shares advice for all Nigerian traders: 

Q: What is copy trading? 

Ijibadejo said: “Copy trading is a technology that allows a less experienced trader to copy a more experienced one. You can call it mirror-trading because basically what it does – it mirrors the action in one trading account into another. It could be just one account or multiple trading accounts. The idea is that you can attach your trading account as a less experienced trader to a more experienced one. If the experienced trader places a position of crude oil, for example, the moment the position is placed within a millisecond you will also place the same trade. It allows you to replicate the results of a more experienced trader. When they profit, so do you!” 

CMTrading Exclusive Trading Seminar in Port Harcourt, Nigeria

Q: How does it work? 

Ijibadejo said: “At CMTrading, we have a copycat platform. You can see many traders. You can see their performance, track them and see what they trade on. You can also view the kind of assets they trade. You can see all of these types of data. You can also see their performance and how they invest. Armed with all of this information will help you decide whom to follow and copy. You can make the best decision as the information/statistics are available to you. With a good analytical mind, you can easily pinpoint a good trader to copy – that’s exactly how it works.” 

Open a live trading acount today and get 1 Risk Free Trade

Q: Can I make money from the following experts? 

Ijibadejo said: “Of course, you can make money from following experts. What is important is to do your due diligence. Don’t just copy, do some analysis first on the person you wish to follow. Check out the risk level. Check out the assets being traded and the level of volatility involved with those assets. Make sure you have seen the track record of the person you are copying. Sometimes a trader can have one month but was it the same a month ago? You should also view their history over the last six months. These are some of the tips that can help you choose the best traders to follow.”  

Q: Is it a scam? 

Ijibadejo said: “This computation and the technology it provides is not a scam. It’s a technology that you can use to your advantage, and if not properly understood, can also be to your detriment. Following the correct trader will lead to profits, however, even the best traders can get it wrong. It’s all about risk management. This technology is helping thousands of first-time traders.”  

Q: Advice for Nigerian traders? 

Ijibadejo said: “My advice for Nigerian traders is to seek education. Trading is an ongoing learning process. It’s going to be daily. You have to learn daily there is no bus stop. There’s no end point rather it’s a continuous adventure.  

“The learning never stops. You keep finding a bend and needing to overcome challenges. Nigerians need to come into trading with the mindset that they will need to learn new skills. Even if you are coming in and you want to copy traders, you still need to understand what you are doing. Nothing is void of knowledge when it comes to making money. Everything about making money knows the heart of it, so go for knowledge at CMTrading.  

“We’re offering seminars that you’ll be able to attend. We are offering educational events and in-person training that will show you the right way to trade. So, tag along with us and attend our seminars, join our online training, join our physical training and before you know it, you’ll be a successful trader.” 

 Ready to start trading? Open an account today       

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