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Published 27 May 2021
The most prevalent and common trap that many investors fall into is the various investment schemes that are circulated and advertised. Official records suggest that nearly 30 million people are subject to investment scams every year worldwide, there may be a lot of cases that are underreported due to widespread corruption.
Recently, the Economic and Financial Crimes Commission in Nigeria has been put on high alert surrounding the various investment schemes floating around in the country. This alert is in light of the filed complaints and petitions by a large number of investors from the Nigerian community. The age-old strategy of low risk-high ratio has attracted quite a few investors who have fallen prey to these scams.
Apr 28, 2021 16:37 GMTForex Basics
Forex market is the largest financial market in the world with a $6.6 USD daily trading volume. But FX market is decentralized, meaning that there is no central exchange. Most of the trading is done Over-the-counter through retail brokerages, banks & institutions.
About 4-5% of the forex market trading volume is contributed by retail trading. The figures for retail trading have been growing quickly especially with the increase in retail trader participation in recent years.
Despite the ongoing pandemic, participation by retail investors & traders around the world is at an all-time high, and many local & international brokers are seeing their best year in terms of earnings, trading volume.