Business
Why Forex Trading Is So Popular
Forex trading has become increasingly popular over the last few years, and you might have heard a lot more people talking about it lately. But why do so many people consider forex the go-to strategy for investing money these days? Well, there are several reasons why individuals are turning to the forex market, and a few of those reasons are discussed below.
There’s Always an Opportunity to Trade
One of the many reasons why forex trading is a sought-after investment strategy is because you can get in at any time you want, and you can trade regardless of what is going on in the economy. Basically, if you are able to use tools to carefully watch the behaviors of various currencies over time, you might begin to predict with greater accuracy whether they will rise or fall. And then you can place your trades based on what you think will happen to the values of any currencies you are working with. Basically, as long as there are currencies, you will be able to use forex to place trades.
You Don’t Need to Put a Lot of Money into the Forex Market
If you are new to trading and investing, or you just don’t feel comfortable putting a lot of your money into the forex market, that is completely fine. Even with a minimal investment, you might be able to get a great return. This is yet another reason why people turn to forex. So, if you have realized that you don’t want to trade in the stock market, perhaps because you don’t have the funds to do so just yet, you might want to start off with forex and see where it takes you. Although there are different approaches to investment advice platforms, you can check Motley Fool vs Morningstar review as they offer investment advice and newsletters to help you make the best financial decisions.
You Can Do It Online and on the Go
Yet another reason why forex trading is so popular is because you can do it from just about anywhere as long as you have access to a platform that allows you to trade even when you are not at your computer. There are many forex brokers that you can choose from, and you can quickly and easily create an account online with the broker that you think will be the right fit for your expectations and needs. If the broker provides you with a mobile app, you can then trade when you are at home, at work, and on the go, so you will never miss a chance to make money and reduce your risk of losses.
You Can Learn About It Online
The main thing to remember before getting into the forex market is that it does come with a level of risk. Therefore, it’s a great idea to do your research and learn how to trade currency pairs before you begin. That way, you can have the confidence and background information you need to make smarter trades that will yield better results. And the best part is that there are many resources that you can find online, as well as experts that you might be able to consult with, to learn how to trade in the forex market, so you can start whenever you are ready.
As you can see, there are several good reasons to give forex trading a try, and these are just some of the many reasons why it is used by so many people.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter
