Learn Forex Trading Nigeria

Forex Trading Tutorial and Guide

2010-04-20T04:00:00.014+07:00

I have made thousands of dollars per month. Not from Google Adsense / adwords / SEO / Blog. But from forex trading. We hope you do not have negative thinking beforehand that forex is illegal / gambling and definite loss. Forex is legal and very profitable if you know how to trade correctly !

This website is founded by a young businessman at his early 30 years old who has made hundred thousand of USD. Not bad for a start, isnt it ? Do not believe it ? Good. Indeed we should not easily believe all the things you find on internet and may have to prove it yourself.

We provide free $5 capital to start this online business. Compound the capital to $10, $100, $1000 or any amount you wish. It can be withdrawn at any time. Prove it directly! There is 24 hours 5 days a week support.

Start Trading Forex Online and get a free $5 for registering an account
(For beginner and non US resident only !)

PS : If you are not a beginner and you have been around forex trading for a while. It is strongly recommended to use our professional forex broker which has a lot of features and benefits. Please (Click here for more details)

Sign Up Now to get Free Real US$5 (Limited Offer)
This process will take only 3 minutes to complete. You will get free $5 real money and $20000 demo money by signing up today. There is no guarantee the free $5 reward offer will be available tomorrow.

One person is allowed to open only one account !
In case we detect there are multiple accounts registered by the same person, such accounts will be suspended (or removed). And if he/she still repeat this illegal activity, all related accounts will be closed and blacklisted. This policy was introduced as a response to many related misuses in the past

You do not need to open separated demo account to try demo trading as the account you sign up will have both Demo and Real account in one single account.

You need to fill in your personal details correctly as shown on ID card or driver license to avoid account removal due to invalid informations.

Open Trading Account (Free $5)

Please read step by step registration procedure before opening an account with us. (Please click here to register) or click the button below.

Trading Account Registration Guide :

(*) Field with asterisk mark is required

Click here for Registration Form Guide page 1

Username (*): This is your nickname you are going to use while chatting with other trader, for example: traderfx, etc.
Password (*): Please fill in your password. (Write it down, and keep it in a safe place).
Re-type Password (*): Please retype your password above for confirmation.
First Name (*): Your Fist Name
Middle Initial: Leave this field blank
Last Name (*): Your Last Name (Surname). Please input your Middle Name in Last Name
Job Title : You can leave this field blank
Organization : You can leave this field blank
Street Address (*): Fill in the address written on your ID card, Driving license, Passport, or Bill.
Additional Address : You can fill this field with your current address if it is different with the address on your official documents
City (*): Fill in your city
Zip/Postal Code (*): Fill in your postal codes (Important ! Please write down this information)
State/Province (*): Fill in your state or province
Country/Region (*): Fill in your country (sorry they dont accept US residents)
Phone (*): Your home phone number
Fax : You can leave this field empty
Mobile : Fill in your cellular number or leave this field empty
E-mail (*): Use a valid and active email (important to complete the registration process!)
Website : Fill in your website address (actually this info cant be seen by other trader) or leave this field empty

click on Continue=>

Click here for Registration Form Guide page 2

User Template (*): Standard Forex Trader
Coupon : You can leave this field blank (this is not discount coupon!)
Recovery Question (*): A recovery question that will be asked if you forget your password for example : what is your fathers middle name (Important ! Please write down this information)
Recovery Answer (*): This is the answer of the question you use above, for example : John, if your father's middle name is John (Important ! Please write down this information)
Education Level (*): You need to fill in Bachelor's Degree, Master's Degree, Professional Degree, Doctorate, or at least High School Diploma or equivalent to be approved. Do not choose other options to prevent rejection !
Employment Status (*): You need to fill in Employed, Self Employed, Homemaker, or at least Retired to be approved. Do not choose other options to prevent rejection !
Annual Income (*): Please fill with amount more than $10000 to be approved
Net Worth (*): Please fill with amount more than $10000 or $25000 to be approved
Experience in Securities (*): Trading Experience in e.g. stocks, bonds, funds, etc. You need to fill in other than "None" for at least one of either Experience in Securities or Experience in Derivatives (please see next question).

Do not fill Securities and Derivatives question both with None ! Otherwise your application may get rejected as trader must have enough experience in Securities OR Derivatives before start trading.
Experience in Derivatives (*): Trading Experience in e.g. forex, options, forwards, spots, futures, warrants, swaps, etc. Do not choose "None" if you have already chosen Experience in Securities with "None". Otherwise your application may get rejected !
Transactions in Securities (*): You may fill in amount of Securities transactions in 12 month in case you filled Experience in Securities other than "None". If you fill Experience in Securities None, you must fill in with None. Otherwise please fill in with at least 5-20 transactions.
Transactions in Derivatives (*): You may fill in amount of Derivatives transactions in 12 month in case you filled Experience in Derivatives other than "None". If you fill Experience in Derivatives None, you must fill in with None. Otherwise please fill in with at least 5-20 transactions.
Trading Portfolio Size (*): This is the amount of average porfolio size in 12 month. You need to fill in at least $10000, $25000 or more.
Traded as Professional? (*): You must fill this option with "No" (Important !)

Click on Next=>

Click here for Registration Form Guide page 1

a check / tick

Finish

You do not need to open separated demo account to try demo trading as the account you sign up will consist of 2 account types : Demo and Real account in one single account.

Trading Account Verification

It is strongly recommended to verify your account after registering.

The benefits you will get after verification :

You can withdraw your fund
To prevent your account get suspended when you trade at public computer (same IP)

What does "Suspend" Status mean and why does your trading account get suspended ?

Suspend Status is a temporary block that usually happens when the same computer is used by several accounts at once. These rule is applied to avoid fraud, for example if 1 person makes more than 1 account. "One account one person" rule is to prevent the misuse of Free $5.

The same rule will also prevent more than 1 traders to trade on the same computer at the same time. So that other traders have to use a different computer to trade here.

Another alternative to allow more than 1 person trade on the same computer is to use another platform (Professional) which allow creation of more than 1 account on 1 computer: Professional Forex Platform

Special note for users who trade at cyber cafe, internet cafe, or public computer:

Before logging in to trading software (Streamster), you must verify your account by uploading ID card or Driving License (once only) to avoid account suspension. Unless you were registered at the computer that had never be used by another user.

When your account get suspended, you must verify your account by uploading scanned ID documents. Please note that you are not allowed and strictly forbidden to open more than 1 account. Doing this will make all of your accounts will be deleted, suspended, and blacklisted automatically by the system. And the same member will be permanently banned.

Documents needed for verification process are color scanned:

Picture Identification :
1. Passport
2. ID Card
3. Driver License
or other type of official document that contains Full name and Picture. (if your ID card or driving license contains full name, address, and picture on one card you can only use this documents for both fields)
Identification confirming the customer's address :
1. Utility Bill
2. Bank Statement
3. Driver License
It must mention the same name as written on Picture Identification document above. Please note that each file is limited less than 100Kb, they are not copies (black and white), and you have to upload your documents on both fields at the same time.
Click here to verify your account

Learn Forex Trading Online Nigeria

2010-04-20T03:00:00.001+07:00

Trading Platform Download

In order to start trading, you need to download Trading Software

Click here to download Trading Platform.

Click on "Download File: Streamster™ Installation Package", then select "save" or "save file" to download it. Save it to Desktop folder or other directory (Please turn off your download accelerator or download software if you have problems to download it)

Double click on setup file (example: setup-streamster-1-2501.exe) you have just downloaded to install Streamster Trading Software

Make Money in Internet, Start Trading

2010-04-20T02:00:00.006+07:00

Start Trading

To start trading, please double click on Marketiva icon to login to Streamster Trading Software.

Fill in Username, Password, and tick on "Remember my password" box if you are using your own PC, this way you will not need to fill in password everytime you are trying to login.

Click Sign In

After successfully logged in to Streamster, you may try to open or close orders with virtual (demo) fund. In case you have questions or need for step by step assistance, please ask online customer support (users with "i" or triangle mark in the front of their nicknames) available. Customer support will be online 24 hours 5 days a week

To contact Customer Support on charge please click "Discussions" Tab -> Groups -> Support -> OK. Customer Support is available from Sunday 17:00 to Friday 17:00 New York local time. Please check http://www.timeanddate.com/worldclock/city.html?n=179 to convert New York local time to your local time

Customer Support :

# The most Important thing when you are trading, please consider carefully the amount of "Available Margin" in "portfolio tab". Make sure Available Margin (availability of funds to withstand loss is not approaching 0! As when it is reaching 0, all of your open positions will be automatically closed forcefully by the broker (Closed by Margin Call). This means you will suffer a great loss if your fund / margin is not adequate. Therefore we strongly emphasize that you must carefully calculate availability of margin and amount of used lots. It will be dangerous if you use too large contract size / lot. To be safe, use approximate of 10% -50% of your capital. For example : $ 1,000 capital should use $100 margin (10% from 1000). $100 margin means to use 10000 quantity (1:100 leverage). If you want to use $200 margin (20% of $ 1,000 equity capital) then the formula is 100x margin you want to use (as the leverage used is 1:100) = 100 x 200 = 20,000 quantity. This means that the rest $800 ($1000-$200 margin) is your "Available Margin". Detailed explanation of Margin Call can be found in Tutorial Forex 2

Forex Trading Tutorial and Guide

2010-04-20T01:00:00.013+07:00

There are 4 main windows in Marketiva Trading Software (Streamster):

Window number (1) contains "Forex", "Fund", "Indexes", and "Commodities" Tab. If you want to trade Forex then you can click on the relevant tab (Forex), the same thing applies to trade other instruments such as the Fund, etc..

Window number (2) contains "Charting", "Discussion", and "Latest News" Tab. Charting tab contains a chart / graph to monitor price movements of trading instruments based on the time scale shown in charting. X-axis refers to the date and time while the y-axis refers to the price of the selected instruments. Instrument price movements can be displayed in various forms, such as the line, bars and candlesticks, are shown from left to right. Discussion tab is a tab to chat with Marketiva traders, while Latest News Tab contains the latest economic news.

Window number (3) contains "Portfolio" and "Alert" Tab. Portfolio tab displays the position of market instruments and funds you have, in this tab there is a live trading desk which is your real fund, and a virtual trading desk which is a virtual fund for trading, and the default desk is a place to save money when you are going to make a deposits or make withdrawals. Right after signing up, every user will get free money either live or virtual, you can see that you have free $5 bonus funds in the live trading and the virtual trading's amount of $ 10,000.

Tab Alerts will inform you about current or the future market news. Alerts will be announced 5 minutes before the scheduled event takes place. There are so many different terms and abbreviations used to describe market news and events. These terms are usually used for economic institutions, instruments, business, reports, processes, etc. You can find detailed information of economic terms and abbreviations on http://www.wikipedia.org/

Window number (4) contains "Orders", "Trades," Positions "and" Account Center Tab. Orders Tab contains active Pending Orders and active Take Profit / Stop Loss. Trades tab contains the status of your Orders, have been executed or not. (you can ignore this tab as this tab is not important). Positions Tab contains information of open or closed orders. Tab Account Center contains all the information about your account, to make deposit / withdrawal, account profile, and others.

How To Make Order

From "Forex" Tab figure above we can see these data as follows:

Currency Pair: Available Trading Instruments
Last: Last transacted price
Bid: Selling price to Marketiva
Offer: The purchase price from Marketiva
Change: The difference of current price and 17:00 new york time opening price
High: The highest price of the current day
Low: The lowest price of the current day
Time: Time of the last price update
Open: Opening price of the current day (updated at 17:00 New York time)
Close: The closing price of the current day (currently running)

The easiest way to start trading at the current price (market) is to click on the currency pair you wish to buy in the "Forex" Tab. Click on offer to open buy / Long or bid to open sell / Short. When the Send Order window appears, you can set quantity to 1 or any amount you want and set Desk field to Live Trading (trade with real money) or Virtual Trading (Simulation). When you click OK, the order will be entered into the market.

To open a pending order, change Price Type to Limit or Stop.

Send Order Window :

Instruments: is the Currency Pair you wish to trade
Price : At what price you intend to open order (if you use the Market Price Type, the Price field can not be edited as this means you order at the current market price. So you get the current available market price. However, to order a price other than market price, either above or below the current market price use Price Type : Limit or Stop)
Duration: Is expiration of pending orders (not applicable for the Market Order Type as market orders always have been executed). Duration is a function to automatically cancel pending orders when they have expired. To activate Duration, you need to set Duration Type to Good Till Date. Duration is optional and in case you do not want to use Duration (there is no pending orders expiration), please set Duration Type to the default setting / Good Till Cancelled, which means the pending order will always be active without any expiration.

In the contrary, if you want to use expired date for pending orders, then please set the Duration to the date you want, by previously set Duration Type to Good Till Date.
Quantity: It is the contract size or lot you use. Quantity is calculated in units :
- Quantity 100,000 is equal to 1 regular lot (the same as volume 1.00 on metatrader platform)
- Quantity 10,000 is equal to 1 mini lot (the same as volume 0.1 on metatrader platform)
- Quantity 1000 is equal to 1 micro lot (the same as volume 0.01 on metatrader platform)
Exit Stop-Loss: Stop Loss Price level you want to use. Stop loss level is used to limit the loss when the market goes against trader's position or to protect profit you have got. The minimum Stop Loss level is 8 points away from open price. Note that Exit Stop Loss is calculated in price (not in point!). Stop Loss can be left blank and filled in later.
Desk: Desk choice is whether you use real money (live) or simulation / demo (virtual) money. To trade forex with real money use live forex desk, to trade forex with demo money use virtual forex desk. To trade "funds" instrument with real money, use live fund desk, to trade funds with demo money, use virtual fund.
Buy / Sell: Select Buy if you predict the price will rise. And select Sell when you predict prices will fall
Price Type:
- Market: Order at current market price
- Limit Order: To Buy below current market price use Price Type: Limit and set Buy / Sell: Buy. Untuk Sell di atas harga sekarang gunakan Price Type : Limit lalu set Buy / Sell : Sell. To Sell above current market price use Price Type: Limit and set Buy / Sell: Sell.
- Stop Order: To Buy above current market price use Price Type: Stop and then set Buy / Sell: Buy. To Sell below the current market price use Price Type: Stop and then set Buy / Sell: Sell.
Duration Type: is the type of duration / expiration for pending orders (because the market is not a pending order, the duration type is not applicable)
- Good Till Cancelled: is the default setting of Duration Type. This means pending order does not have expiration and will only be canceled if you cancel the order manually.
- Good Till Date : is to set the expiration of active pending orders (not yet open). After setting Good Till Date, please fill pending orders expire date on Duration
Quantity Type: is Type Quantity / Contract Size which is Full or Partial. Currently the option that you can use is only Quantity Type: Full
Exit Target: is Take Profit level or the price of your target. Exit Target must be set at the minimum distance of 8 points away from Open Price. Note that Exit Target is calculated in price (not in point!). Exit Target can be left blank and filled in later.

To edit Take Profit, or Stop Loss level, click the position ID of your open order, then click "Change"

If you still do not understand / confused please ask the customer support (the user with "i" character or triangle in front of the nickname) that are online (24 hours 5 days a week).

To ask for help from customer support staff, click "Groups" in "Discussions" Tab on the upper side of trading software, then click "Support" or "International Support" channel, click OK. Please note that it is NOT "International" channel. Customer Support staff will only be available on Monday morning at 4 am (GMT +7) (DST) / 5 am (EST) until Saturday morning 4 am (GMT +7) (DST) / 5 am (EST)

Customer Support :

# The most Important thing when you are trading, please consider carefully the amount of "Available Margin" in "portfolio tab". Make sure Available Margin (availability of funds to withstand loss is not approaching 0! As when it is reaching 0, all of your open positions will be automatically closed forcefully by the broker (Closed by Margin Call). This means you will suffer a great loss if your fund / margin is not adequate. Therefore we strongly emphasize that you must carefully calculate availability of margin and amount of used lots. It will be dangerous if you use too large contract size / lot. To be safe, use approximate of 10% -50% of your capital. For example : $ 1,000 capital should use $100 margin (10% from 1000). $100 margin means to use 10000 quantity (1:100 leverage). If you want to use $200 margin (20% of $ 1,000 equity capital) then the formula is 100x margin you want to use (as the leverage used is 1:100) = 100 x 200 = 20,000 quantity. This means that the rest $800 ($1000-$200 margin) is your "Available Margin". Detailed explanation of Margin Call can be found in the Forex Tutorial 2

Learn Forex Trading - Deposit Account

2010-04-20T00:00:00.002+07:00

Deposit to Trading Account

There are 2 ways to fund (deposit) your trading account :

Deposit by e-currency
Deposit by Bank Transfer (Telegraphic Transfer / Bank Wire)

For smaller amount of deposit (below $3000) we recommend you to use e-currency (for example Liberty Reserve, Webmoney, etc). E-currency takes shorter time to be credited in your trading account and the fee is lower than bank transfer (max is US$2.99).

Before starting to deposit by Liberty Reserve, you have to open Liberty Reserve Account (Free).

Please read Liberty Reserve Registration Guide :
Liberty Reserve Registration Guide (PDF)

* Download Adobe Acrobat to read PDF Format

To fund your Liberty Reserve account, you can buy Liberty Reserve from E Currency Exchanger Merchant. Please visit ProChanger.com - Liberty Reserve, FCMarket-FxPro, and Webmoney Merchant (Indonesian Only)

Right after you have already had Liberty Reserve dollar within your account, you must transfer it to your trading account.

Click here to deposit by Liberty Reserve.

Other alternative : If you are already logged in Trading software, to start deposit by Liberty Reserve, please click "Home" at lower side of the software. Select Account Center --> Deposit Funds, Click "Deposit by Liberty Reserve"

Fill in your Liberty Reserve Account Number (starts with U) in "Sender Account No". Leave "Sender Name" default.

If the above procedure doesnt work (hang). You need to manually deposit from http://www.libertyreserve.com. Please login to Liberty Reserve by clicking "Account Login". Make sure there is enough balance at the main page of Liberty Reserve "(Account)". Click "Transfer" menu at the upper side of the page

Fill in "To Account" with broker's Liberty Reserve account number. Make sure the brokers account number is "U5305307" Finantiva Broker AD (Double check to avoid mistype !). If you are not sure you can contact Customer Support Staff at Support Channels by clicking "Discussions" Tab -> Groups -> Support
"Amount" Fill in transfer amount (do not enter $ sign)
"Memo" Fill in your trading Username/Nickname without any other words !
"Private Payment" Leave it blank
Fill in 3 digits Master Key 3, click Preview, double check the recipient Account Number and Name, make sure it is Finantiva Broker AD, then confirm. (Note: Do not enter wrong Master Key 3 times, otherwise your account will be temporarity blocked)
Write down the batch transaction number and give it to Customer Support Staff at Support Channels

You can also use Bank Transfer (Telegraphic Transfer / Wire) to deposit to your account. Deposit by Wire needs 2-7 business days and bank charges around US$25-30 for deposits and US$30-45 for withdrawal. Please note that in order to use Bank Transfer, your account has to be VERIFIED (once only) as you have read above.

Click here to deposit by Bank Transfer.

Within our wire deposit form, please fill in required details such as Bank Name, Bank Address, Bank's SWIFT code, Your Bank Account number, your name, address,etc. Please ask your bank's swift number (bank's code) to your local bank.
When you are going to tranfer by bank transfer, you need to fill in the deposit form, then transfer from your bank.