African american forex traders

Author: c0nst Date: 28.05.2017

Africa offers a lot of potential, but also some challenges. Growing number of brokers, battling to survive in what finally starts to feel like a bubble.

Over-saturation of the European and over-regulation of the US trading environments has made brokers search for creative solutions.

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One thing is certain — succeeding as a broker in and beyond will require creativity, bravery and a pioneering spirit as geographic diversification is rapidly becoming a critical success factor.

Latin America, Asia and Africa seem to be the sources of growth for brokers in the medium term, each representing great potential but not without challenges. Saxo Bank was the first broker to announce last month its entry into the South American market by acquiring long-standing white label NVN Securities, Uruguay.

Regulatory peculiarities are the stumbling block for brokers in Latin America, and FXCM is the only other global player there but through an affiliate office FXCM Chile , rather than an actual branch. South-East Asia has also become an attractive destination for brokers with countries like Malaysia, Singapore, China and India all experiencing significant growth in terms of participating brokers.

While Singapore, with its liberal taxation and regulatory regime, is aiming to compete with Australia and Hong Kong for financial dominance in the area, its small population of just 2 million has made brokers think twice before actively investing the island. China and India, on the other hand, offer massive growth opportunities, with language and infrastructure being the key hurdles for newcomers. South Africa has long been the entry point to the continent at large with multinational corporations across all industries using the South-North approach to seize the green pastures of the land of black and gold.

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This is not surprising as South Africa is the largest economy on the continent and according to a survey found to have the most sophisticated financial market and the second-lowest effective business tax rate out of 14 developing countries surveyed. The JSE All Share and Top Indices reached yet another all-time high last week 1 November at 37, The FX industry has been surprisingly slow to identify this opportunity but this is soon to change with the first major FX expo in Africa — South Africa Forex Expo — only four weeks away.

Top international brokers including FXCM, ETX Capital, Hantec Markets and GKFX are taking part in the milestone event, whose organizers — Cape Town-based events management agency The Event Studio — announced the addition of Swiss MIG Bank as Diamond Sponsor last week.

FX, options and spread betting are showing tremendous growth at this point and we are confident that the expo will deliver unmatched ROI for exhibitors looking for growth in the near future. Exhibitors are equally enthusiastic. Moshin Jameel, CEO of Tradenext shares the sentiment: Introducing brokers and fund managers from across Sub-Saharan Africa have registered to attend the two-day event pleased to finally have a platform to engage with the market leaders of the industry.

South Africa Forex Expo will be their first and most highly anticipated opportunity to meet with leading technology providers like Leverate, Integral, xFSOL, Markets Pulse and Spot Option. Retail traders from all walks of life have been pre-registering for the event in numbers and Jeni expects more than 5, visitors to the exhibition hall.

Broker comparison is the most often quoted reason for attendance by pre-registered visitors both traders themselves and active introducing brokers. Featuring an interactive Forex Lounge, agenda jam-packed with presentations by top international analysts and an industry-first African Forex Magazine the event caters for the entire spectrum of clients from novice traders to investment mangers and brokerage entrepreneurs.

South Africa Forex Expo takes place at the prestigious Cape Town International Convention Centre on 7 and 8 December , just as South African investors receive their annual Christmas bonuses to close a hard year on a high note. After taking a short course about forex.

Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. I have a B.

african american forex traders

Given this background, forex software has a relatively bigger share in the posts. Hi, dont see the point of the article. Already today it is possible for traders from most African countries to open and operate a trading account with a broker based in USA , Europe, Singapore. Therefore cannot understand where the growth will come from. Also I dont understand why a broker would wish to tackle South American bureaucracy to set up there when the same USA or Europe based broker can easily service clients from South America.

About the African FX trading environment Forex Crunch Commission Maniacs.

Fast and easy | African american forex traders

MarketsPulse to Attend the South Africa Forex Expo Forex Crunch. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.

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About the African FX trading environment 3. By Yohay Elam Published: Nov 13, What Are The Options? Get the 5 most predictable currency pairs.

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