Browsing: Forex trade in Africa

  • Currency pairs are a quotation where two distinct currencies (base and quote) are used.
  • Roughly US$6.6 trillion is traded globally every day
  • Thousands of people venture into the forex market daily due to its profitable nature

Every day, on average, roughly US$6.6 trillion is traded globally with the forex market remaining the world’s largest financial market.

Thousands of people venture into the forex market daily due to its profitable nature and the opportunities that it offers.

But, how is easy is it to trade in this market?

Well, the best place to start is understanding what you are looking for and the best currency pairs to trade. Currency pairs are a quotation where two distinct currencies (base and quote) are used. In this case, the value of one currency is valued against the other.

Factors that affect each currency pair

As a beginner, it is important to consider all the …