Forex Trading School Africa, a startup with a local presence, has recently entered into a partnership with XM, one of the largest brokers of Wall Street. They have partnered for a deal that would play an important role in the spread of online trading knowledge in Zimbabwe and the African region, next month onwards. The deal has set an initial target of at least 150 training seminars throughout the region, and the awareness would be sponsored by XM.
Takukwashe Manzanga, the founder of Forex Trading School Africa, has said in an interview,
Further, he added,
Online trading has assumed huge importance in the fast-paced millennium as it helps to connect with global markets through the internet and the process is facilitated by a broker. It is a regulated platform that serves as a point of exchange for the trading of a variety of instruments on the international market. This also includes changing currency prices as well as prices of important goods like wheat, oil, gold etc. and trade can be made from home via the internet. This convenience has made online trading the largest financial market with US$ 6 trillion hands trading everyday.
In Africa, this sector has seen rapid growth in South Africa, Nigeria, Kenya, and Rwanda and is yet to grow substantially in Zimbabwe although the Forex Traders Association of Zimbabwe has claimed that almost 45000 people trade online in the country. Forex Trading School Africa has trained approximately 15000 people in Botswana, Zimbabwe, Zambia and, Malawi throughout 2019. Manzanga has emphasized the knowledge and analysis of the market in order to understand how prices would change, whether currency or commodity price. One can not only participate in the changing price movement as a speculator but also understand its implications on the market with this education. That is how the partnership would prove to be beneficial. Read the most recent news on forex trading and updates about the forex market, trading platform at forex real time news feed.