Forex Archives - AfricaBusiness.com

26Sep

By Africa BusinessNo Comments

Forex

What Should You Know About The Forex Market?

The Forex market is acknowledged as a global and decentralized marketplace where you can buy as well as sell currencies. A participant involved in the Forex market ranges from individual retail traders and central banks to financial institutions. This market works 24 hours and five days per week. However, trading activities reach their peak at the time of overlapping hours in some significant financial centers like Tokyo, London, and New York. Image source How can you open a Forex account? You can open a Forex account easily online, and before you begin to trade, you will be required to deposit some money that will be in the form of collateral. Additionally, Forex brokers provide leverage to customers. This entices them to trade bigger amounts, and based on the nation a trader uses ...

7Sep

By Africa BusinessNo Comments

Forex

Demystifying Stock Market Indices: The Barometers of Market Trends

If you've ever examined stock trends or investment opportunities, chances are you've noticed references to various indices. But what does it all mean? Stock market indices have become the barometers of global economic health and performance, providing an overall picture of the financial markets and offering insight into how particular stocks, sectors, and asset classes perform relative to one another. This article will demystify stock market indices by explaining their purpose in market analysis and providing a behind-the-scenes look at how they're constructed. Whether you're a casual investor or a finance specialist, this post promises to give you greater insight into these critical benchmarks that measure our economies worldwide. What is a Stock Market Index? The stock market is an...

Is FxPro a Reliable Forex Broker? Our Review Reveals the Pros and Cons

21Feb

By Africa BusinessNo Comments

Forex

Is FxPro a Reliable Forex Broker? Our Review Reveals the Pros and Cons

The U.K.-based Forex broker FxPro has been operating in the Contracts for Difference and Spread Betting markets since 2006. Today, the firm serves customers with more than 1,866,000 accounts in 173 countries, and its Tier 1 capital stands at €100 million. FxPro claims widespread recognition as a dependable broker. Several agencies including the FCA, CySEC, FSCA, and SCB oversee them. But is FxPro all its cut out to be? Here, we take a closer look at how this broker operates. Is FxPro safe? Pros and cons When it comes to reliability and credibility, FxPro gets high marks according to our FXPro Review South Africa. In particular, they are governed by the UK's regulatory body, which is widely believed to be more stringent than that of certain other EU member states. FxPro also brag...

How much profit potential exists in forex trading?

23Dec

By Africa BusinessNo Comments

Forex

How much profit potential exists in forex trading?

Many individual traders want quick returns on the foreign exchange market. However, according to statistics, most ambitious forex traders fail, and some lose substantial sums of money. Despite 70% to 90% of retail traders failing, forex can be successful, but timelines must be considered. It is often simpler to remain successful over numerous years if you have a substantial quantity of capital to leverage and a risk management strategy. According to forex-trading.co.za, the money you can make will depend on your unique trading strategy, the market conditions, what you trade, your risk management, and other factors. What can influence your profits? Trading Strategies While a strategy can have several components and may be examined for profitability in various ways, it is often graded...

Accelerating Digital Inclusion and Sustainable Transformation

15Dec

By Africa BusinessNo Comments

Events, Fintech, Forex, Kenya News

Accelerating Digital Inclusion and Sustainable Transformation

The 7th Edition Connected Banking Summit - East Africa will be held on the 7th of March in Nairobi, Kenya The Connected Banking Series focuses on building future-oriented banking models by accelerating the pace of digital transformation and delivering a delightful customer experience in line with policy and regulations while ensuring the highest standards of privacy and security. The Summit will host leaders and experts from across the region representing Banks, Insurance Companies, FinTechs and TechFins, Digital and NeoBanks, Non-Banking Financial Organizations, Cooperatives, Investments Funds, and Asset Management Companies to discuss and deliberate on how integrated solutions are shaping the future of banking. The International Center for Strategic alliances (ICSA) is the Organisers ...

FXTM review: is it a legit or scam forex broker?

23Jun

By MadelienNo Comments

Forex

FXTM review: is it a legit or scam forex broker?

ForexTime Limited (FXTM), which began operations in 2011, has since established itself as a frontrunner in the industry of online trading. It has grown into a well-known brand that makes the opportunities offered by financial markets accessible to traders all around the world, irrespective of where they are located or the level of their financial aspirations. More than two million customers in over one hundred and fifty countries have already begun to take advantage of the services offered by FXTM, which has a global network of offices and regulations that spans Europe, the Middle East, Africa, Asia, and Latin America. But is this globally popular Forex broker truly legitimate, or should traders be wary of its offering? Read this comprehensive FXTM review to find out. FXTM Regulat...

12May

By MadelienNo Comments

Forex, Kenya News

How to choose a forex broker in Kenya

If you are a Forex trader in Kenya, you will probably have come across plenty of Forex brokers vying for your business. Forex brokers in Kenya are increasing in number by the day, but knowing which one to sign up with can be a daunting prospect for new traders. In this article, we provide the definitive guide to selecting a Forex broker in Kenya, which will provide you with a secure and competitive trading environment complemented by a wealth of trading resources and support. 1. Check the broker’s regulatory status Forex brokers in Kenya fall under the regulatory oversight of the CMA. A broker's membership in the CMA or adherence to financial regulations is not assured simply because the broker has a snazzy website. In the "About Us" section of a broker's website, the CMA member num...

11Feb

By MadelienNo Comments

Forex

Segregated Accounts and Forex Bonuses – Khwezi Trade has it all

The financial markets nowadays feature hundreds, if not thousands, of forex brokers who are trying to attract more beginner traders by providing outrageous offers and benefits. Traders who have been trading for a while already have it ingrained into them that they should never deal with unregulated brokers. The reason for this is extremely simple; unregulated brokers are not bound by law to ensure client fund security. In addition to this, these brokers are not overseen to ensure that they fulfil their financial obligations or provide a transparent, fair, and safe trading environment. The new over-the counter (OTC) regulation has been implemented by the local regulator, the FSCA, to combat bad players in the industry. Khwezi Trade, a division of Khwezi Financial Services (Pty) Ltd, is the...

29Nov

By Giorgi MikhelidzeNo Comments

Fintech, Forex

Should PayPal be concerned about your country’s central bank?

Most governments may have no option but to join the digital currency bandwagon. With the introduction of digital currencies from central banks, the world of money is poised to enter a new era. Is it going to be a paradise of financial inclusiveness or a dystopia of financial instability? What if the project turns out to be a complete failure, unable to compete even with established private networks like PayPal Holdings Inc? These are all conceivable scenarios. As a result of advances in technology, monetary authorities are now able to provide a new kind of electronic currency to the general public. A smartphone wallet linked to a conventional bank account will hold the buying power, which can be transferred in and out as needed. Instead of being a private asset, a person's cash in the ban...

18Nov

By Giorgi MikhelidzeNo Comments

Fintech, Forex, South Africa News

How to get started with trading in South Africa?

The foreign currency market may be speculated on legally and profitably in South Africa via the use of forex trading. Predicting price changes in currency pairings may be lucrative for South African Forex traders. The volatility of the foreign exchange market enables certain traders to make huge gains, with some even making millions of dollars. Because dealers will simultaneously sell one currency and acquire another, prices are given in pairs. Due to the small profit margins in forex trading in South Africa, generating significant profits might need a significant infusion of cash. Each of the world's top ten wealthiest foreign exchange dealers will make a fortune in 2021 by risking enormous sums of money in order to reap the advantages. The money you'll need to support your dre...