FXTM Nigeria Launches Nationwide e-Trading Initiative with AI-Driven Tools

FXTM Nigeria has announced an initiative aimed at boosting electronic trading (e-trading) across the country through a series of training events. The company revealed plans to hold both a webinar and in-person training sessions on October 5 and October 12 in Port-Harcourt. This effort is part of its broader strategy to make online financial trading more accessible to Nigerians.

In a statement by Abiola Akinyele, the Executive Director of FXTM Nigeria, the company introduced the FXTM AI tool, a cutting-edge platform designed to provide personalized trading guidance, real-time insights, and an immersive learning experience.

Akinyele emphasized that the AI tool is suitable for traders at all skill levels, whether beginners or seasoned professionals and offers an enhanced and engaging approach to trading.
Akinyele elaborated on the concept of e-trading, explaining that it was introduced to simplify the process of buying and selling financial assets online.

These assets, referred to as financial instruments, cover a broad spectrum ranging from global currencies and commodities such as oil and gold to shares of major international companies like Facebook and Apple.

The digital platform allows users to trade these assets more efficiently, creating new opportunities for individuals to participate in the global financial markets.

“With over 11 years of global experience and more than a million users worldwide, FXTM has built a reputation as a trusted and reliable partner for traders of all levels,” Akinyele said. He added that FXTM’s established credibility in the financial market makes it an ideal platform for both novice and experienced traders looking to expand their portfolios.

In Nigeria, FXTM has been particularly active. Akinyele noted that in 2024 alone, the FXTM Academy has hosted five successful welcome events, attracting more than 800 participants. Over 30 traders have graduated from the academy, further contributing to the country’s growing community of e-traders.

“In the FXTM Academy, we provide students with a comprehensive and hands-on understanding of the financial markets, covering a wide range of assets such as currencies, equities, indices, spot metals, and commodities,” Akinyele explained. “We focus on essential trading skills, including fundamental and technical analysis, to equip our students with the strategies they need to trade profitably and confidently.”

Akinyele emphasized that FXTM Academy offers training through various channels—whether online or in person—via regularly organized seminars, workshops, and webinars. These training sessions ensure that participants are not only well-versed in the technical aspects of trading but are also prepared to apply their knowledge in real-world scenarios.

According to Akinyele, one of the Academy’s key innovations is the AI Trader Coach, a feature designed to support traders in growing into more strategic and confident market participants. This tool helps traders at every stage of their journey, whether they are just practicing, returning to the market after a break, or refining their existing skills. The AI Trader Coach provides tailored guidance to enhance traders’ decision-making abilities and improve their overall performance.

FXTM’s educational offerings go beyond technical trading skills, focusing significantly on the psychological aspects of trading. Akinyele pointed out that understanding trading psychology is essential, as it constitutes 80 percent of success in the financial markets.

“Our training covers critical areas such as risk management, and avoiding emotional pitfalls like greed, impatience, overtrading, and confirmation bias. These factors are crucial to protecting your capital and ensuring long-term success,” Akinyele stated.

Akinyele concluded by reiterating FXTM’s mission to make trading accessible to everyone. “We believe the excitement and opportunities that come with trading should not be confined to a select few,” he said. FXTM was founded with the goal of democratizing the financial markets, ensuring that anyone, regardless of their background, can participate in and benefit from the global trading ecosystem.

The upcoming training sessions and continued development of innovative tools like the AI Trader Coach reflect FXTM’s commitment to empowering traders across Nigeria, providing them with the resources, knowledge, and confidence needed to succeed in the dynamic world of e-trading.

Through these efforts, FXTM aims to foster a new generation of skilled traders, equipped to navigate the complexities of the financial markets with a greater level of understanding and professionalism.