More young people are accessing the global financial market amid unemployment problems | The Guardian Nigeria News
It’s a Job and Wealth Creation Opportunity, Infinox Executives Say
In the spirit of solidarity and shared learning, a growing number of young Nigerians from Lagos, Abuja, Port Harcourt to Uyo are exploring the opportunities of the global financial market to create wealth and reduce the scourge of poverty.
Contrary to the popular idea that those who gamble in the market, with foreign exchange (FX) as their focal point, take it as a “secondary hustle”, many gamblers trade around the clock, with many saying it becomes an adventure very lonely as they hardly have time for other exercises.
The prices of the underlying assets of the contract for difference (CFD) – cryptocurrencies and FX included – move in a fraction of a second. According to traders, this requires a lot of attention and time. Therefore, they suggested that only those who commit 100% can trade profitably while there is limited space for passive players.
But on the bright side, a number of young people, including young women, who spoke at an awards forum in Lagos over the weekend said they were making a profit even though the takeoff was difficult for them.
A young Dele Adeleye, who started trading at 16, said he has no regrets about his decision to fully embrace the market. At 20, Adeleye now supervises and trains young traders.
An increasingly popular investment window broker and Lagos forum organiser, Infinox Capital, told the Guardian over the weekend that it had grown its subscriber base to more than 12,000 in three years after his existence.
With three physical offices in Lagos and Abuja and an ongoing proposal to open more outlets in Port Harcourt, Uyo and other cities, the CFD broker plans to expand its reach aggressively in the coming years.
Global Head of Business Development, Infinox Capital, Tiago da Costa Cardoso, said the company hopes to open a physical office in every city in the country to reach more young people, who he says have a rare opportunity to generate legitimate income. through investment. .
Besides trading technology and access, Infinox allows subscribers to earn commissions through referrals. The platform also connects amateur traders with professionals for mentorship, while there is also a window for knowledge sharing.
Cardoso said most young Nigerians connected to the platform do not desire any other gainful employment as they earn enough money to live a fulfilling life. He added, however, that Infinox does not guarantee success but provides the tools and training needed to help users navigate the market.
Country Manager of Infinox Capita Nigeria Limited, Oluwaseun Oyeleke, technology, flexibility and well-established fundamentals are among the factors attracting young Nigerians to the global financial market.
“Many Nigerians are unaware of the factors that drive the Nigerian capital market. Unfortunately, stockbrokers do not do enough training. But the global financial market is quite another thing,” he noted.
With over 40 employees and free training, Oyekeke said the company brings enormous value to the table, although it looks forward to a long-term partnership with Nigeria as it continues to provide individuals with the opportunity to trade commodities, currencies and financial derivatives.