FXTM
(ForexTime), a leading Forex broker, shook up the trading world with its
inaugural Battle Royale competition in Nigeria. Held in the vibrant heart of
Africa, the event united traders and enthusiasts from diverse backgrounds in a
quest for a coveted $2000 prize pot while highlighting FXTM Academy's
commitment to enhancing trading skills.
The
Battle Royale was strategically designed to answer the age-old question: Who
makes more profitable traders, men or women? Two formidable teams, four
talented men and women representing diverse regions of Nigeria, engaged in a
spirited competition. Each participant received $2500 in their personal FXTM
live trading account, with four weeks to demonstrate their trading prowess.
Real-time coaching by FXTM trainers fostered insightful debates on trading
strategies, empowering clients to identify and address their strengths and
weaknesses.
The
event not only provided valuable learning experiences, but encouraged
participants to recognize and address their trading weaknesses. FXTM trained
and seasoned expert, Matthew Anthony
stated that “It was key to recognize one’s strengths and weaknesses; to keep a
trading journal, learn from mistakes, and read daily articles on our website.”
Ayokunle
Faniku, the most profitable trader, credited his success to rule adherence,
fundamental understanding, technical analysis, and risk management, while
Onyekaonu Victoria, a member of the female Team, shared her profound insight,
saying, "It has helped me to realize - we make mistakes, we can go back
and look at our mistake - and we know how to move forward."
While
showcasing FXTM's commitment to enhancing trading knowledge, the Battle Royale
spotlighted Nigeria's ever-evolving financial landscape. As the Nigerian
economy continues to grow, the finance sector witnesses significant changes,
with the Nigerian Naira (NGN) remaining a focal point for investors. FXTM
remains dedicated to providing insights for navigating Nigeria's dynamic
financial ecosystem effectively.
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