Forex expert, Igba Matthew Alexander leads charge with largest trading podcast, mentorship programme

Igba Matthew Alexander aka Mr Peak, the founder and Chief Executive Officer, The Peak Construct For Higher Learning, and also a full time financial analyst, coach and forex trader with over five years of trading experience has continued to impact with his free mentorship programme on forex trading and his trading podcast.

He said: “In 2020, the COVID-19 pandemic significantly impacted my physical business, forcing me to reevaluate my financial strategy and explore new opportunities. With the lockdowns and restrictions affecting my revenue streams, I began looking into online ventures that could be done remotely.

I’ve had interest in forex trading before then, So I took forex trading and decided give a shot.
The idea of trading currencies from home seemed like a practical way to earn income while adapting to the changing circumstances.

At first, it was challenging, especially learning the basics and understanding the market’s dynamics. But as I dug deeper into forex, I saw the potential it offered for both short-term gains and long-term financial growth.”

On how forex trading can have impact on the Nigerian economy, Alexander said: “Forex trading has the potential to significantly impact the Nigerian economy in several ways. First, it can help improve financial literacy and empower individuals to take control of their personal finances. As more Nigerians engage in forex trading, they can develop a deeper understanding of global financial markets, which could lead to more informed investment decisions and overall economic stability.

On a larger scale, forex trading can attract foreign capital and foster a more diverse and competitive financial market. With the right infrastructure and education, it could help bridge the gap between Nigeria’s informal and formal financial sectors.

“Additionally, forex trading could offer a viable alternative income stream, especially in times of economic downturn. By actively participating in the global forex market, Nigerians can generate revenue that is not directly tied to the country’s domestic economy, which could offer some cushion during periods of inflation or currency devaluation.”

He said while forex trading offers opportunities for profit, it’s important to recognise that it also comes with significant risks. One major drawback is the high level of volatility in the market. Currency prices can change rapidly, which creates both opportunities and risks, especially for those who are not well-prepared or experienced.

According to him forex trading demands constant learning and market monitoring. He said it is time-consuming and requires a deep understanding of global economics, technical analysis, and market behavior. For someone without sufficient knowledge or who doesn’t dedicate time to stay updated, it can quickly become overwhelming and result in financial losses.

He said: “Absolutely, I believe regulating forex activities is crucial to ensuring transparency, fairness, and protection for traders in Nigeria. Given the growing interest in forex trading, both locally and globally, it’s essential to have clear guidelines and oversight to prevent fraud, scams, and market manipulation, which are risks in an unregulated market.

“A proper regulatory framework would also help build trust within the industry, ensuring that brokers operate ethically and adhere to standards of conduct. It would provide a level of security for traders, knowing that they are dealing with legitimate platforms and that there are measures in place to address disputes or issues that arise.

“Additionally, regulation could help stabilise the forex market in Nigeria, making it more attractive for both local and international investors. By ensuring fair practices, it would encourage greater participation, which could, in turn, contribute to economic growth, particularly in sectors like finance and technology.

“That being said, the challenge is finding a balance. Over-regulation could stifle innovation and limit access to the market, while under-regulation could expose traders to unnecessary risks. So, it’s about creating a regulatory environment that is robust but flexible enough to foster growth and ensure that the interests of all parties are protected.”

Explaining his impactful strides, he said: “I organised a free forex trading and mentorship tagged “Forex Trading Unkicked 2025” to over 3000 Nigerians because I want to liberate as much people as I can from poverty into financial freedom.

I am also the convener of the biggest Forex trading podcast in Nigeria and Africa. On this platform, I get to interview and converse with industry leading expert traders and financial analyst to give out useful information and strategies so that the forex community in Nigeria and all over the world can make unturned decisions.”

Alexander said for those who view forex as a fraudulent business, “it is like any financial market, has its fair share of risks, and there are certainly bad actors who prey on uninformed or inexperienced traders.

“Forex trading, at its core, is a legitimate global financial activity where people buy and sell currencies, usually through brokers, to profit from changes in exchange rates. It’s a multi-trillion-dollar market that plays a crucial role in global commerce, and it’s highly regulated in many countries to ensure transparency and fairness.

If you learn about it, you earn from it.”