Africa Business World 

The Best 5 Forex Broker For Africa In 2021

– – Forex trading has been growing in popularity in the African continent for almost 5 years. This is evident from data that show countries like Nigeria, South Africa, and others experiencing an increase in online traders and trading activity. All of this has been achieved despite the sweeping regulations and challenges that have crept up over the years. The growth in Forex trading can be directly attributed to the success attained by the online brokerage and trading platforms, especially ones that provide their services to nations in the African…

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Africa Business Southern Africa World 

State of Online Forex Trading Industry in Africa: Report

– – Foreign exchange market is a popular financial market where global currencies are traded & it is the largest market in terms of volume even larger than world’s biggest stock exchanges combined. In the recent years, retail currency trading where small investors can take part in the forex market for speculation is gaining popularity globally. African traders have shown particularly interest in the trading instruments like forex, stock CFDs and Bitcoin even more than local stock exchanges in some countries. Most brokers & cryptocurrency exchanges operating in Africa have…

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Africa Business Southern Africa World 

Is it legal to trade Forex in Zimbabwe?

– – Overview Apart from being the largest and most active financial market in the world, the Forex market is considered as one of the most valuable vehicles of international commerce. Zimbabwe is notorious for ongoing economic upheavals, both past and present, but this should not discourage Zimbabwean traders as they remain the link between local and international communities. The Zimbabwean currency has seen a substantial number of demonetizing phases which inevitably led to its final suspension in 2009 by the Zimbabwean government. In its place, a multiple currency framework…

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Africa Business World 

Why you should consider commodity trading

Looking to get into commodities trading? It’s a smart idea. While many traders stick with stocks and bonds, commodities give you the chance to diverse your portfolio while at the same time reducing risk. It’s win-win. Now is a good time to make a start, too, with energy commodity prices sitting 1.4% higher than they did a year ago. Like all things to do with forex trading platforms, though, it helps a lot to sharpen your knowledge before you make a start. In this article, we’re going to take a…

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Africa World 

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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