Forex scams in Africa and how to avoid them

Foreign exchange (forex) trading in Africa is still pretty much in its infancy. But with the African Development Bank Group highlighting the regional economy’s continuous improvement, forex trading has been picking up speed in the continent over the past few years, as the region is fast becoming a popular destination for financial markets. Of course, forex trading’s rising popularity in Africa comes as no surprise. After all, a post by FXCM on ‘What is Forex?’, reports that it is the most liquid market in the world with an average trading volume exceeding $5…

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