11/14/ · BULAWAYO-BASED Forex Trading School Africa has embarked on a nationwide campaign targeting to train for free 70 people in online forex trading to inculcate a culture of online forex trading Estimated Reading Time: 2 mins 6/1/ · Forex Trading in Zimbabwe – The Basics. Here are the basics you need to know in relation to Forex trading in Zimbabwe. The economic upheavals happening in Zimbabwe should not dishearten the people. More than ever, unity among the citizens and Estimated Reading Time: 5 mins Tawanda Nyagwaya | Zimbabwe | Founder and Head Trainer at Forex Trading School - Zimbabwe | + connections | View Tawanda's homepage, profile, activity, articlesTitle: Founder and Head Trainer at
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About 45 Zimbabweans have discovered foreign currency trading which led to the creation of the Forex Traders Association of Zimbabwe earlier this year. Below are excerpts of an interview NewsDay business reporter Tatira Zwinoira ND had with the Bulawayo-based Forex Trading School Africa founder, Kudakwashe Manzanga KMat a workshop held at forex trading school zimbabwe weekend to shed light on forex trading.
KM: It is a school built in in Bulawayo. We have done workshops for about 15 people since its inception, that includes local and within Southern African Development Community. In Botswana, Zimbabwe, Malawi and Zambia so we have done repeat tours in those areas, forex trading school zimbabwe.
Last month, we had a national campaign. We have got a school in Mutare, Bulawayo and we have got a school here. We are doing that almost everyday so that is how you can justify the numbers over the last four years of doing the same thing.
After the workshops people can then elect to do the actual course which varies from two days to a one-month programme. KM: We are teaching people how to trade online primarily and online there is a whole world of instruments that you can trade. A share is an instrument and currencies are classified as instruments which is where you get your exchange rate from.
Commodities like gold can be traded, wheat can be traded, forex trading school zimbabwe, so we are trading a basket of instruments and we are teaching people how they can trade online. KM: The brokers must be international. You always have to go through a broker to access the market just like when you are buying Old Mutual shares- forex trading school zimbabwe.
KM: Exactly. So, the brokers are housed in different jurisdictions in the world and there are too many of them, forex trading school zimbabwe, over 4so you can select.
There is a wide choice of brokers to choose from. TZ: So basically, these people go on these international platforms to trade in foreign currency?
Can you give me some names of these platforms? KM: XM an international online trading platform that trades in a variety of instruments is actually the one we have forex trading school zimbabwe with now to deliver free education for the whole of next year throughout Africa. KM: An official partnership. We are actually launching a partnership today, so that next year, instead of paying us for the course it will come to you for free, but we will obviously generate our revenue from commission, I mean that is no lie.
We are going to be the official driver of forex education in Africa through XM so that is quite exciting. In delivering for free, that person becomes your client, forex trading school zimbabwe, so it is a win-win situation if they like it and that is a perfect model in my opinion.
Two days, we are training and if you decide you do not want to trade you are not losing anything, but if you do decide the sponsoring brokers wins because they do get a client. TZ: Walk me through how a normal trade goes. Suppose I am a person trading online. How do I start trading and make my profits? KM: When you are trading the first thing you do is open your charts. We view all our instruments on a trading chart. You probably know it as a line chart, but we call them candlesticks then from there.
KM: Yes, so those charts will be showing currency movement, then you do your trade based on the chart. What basically you will be trying to do is make a decision whether the currency is going up or down. You have to pretty much make one or two decisions, to buy or to sell. It trading of forex is that at a primary level then you throw risk management techniques around it to ensure that you protect your money. KM: Zimbabwe. When I started trading at Rhodes University in South Africa 15 years ago, I was trading stocks then I left for options and warrants, but the one thing I felt a Zimbabwean could easily understand was currencies because we dealt with the currencies before as someone in the remote part of Zimbabwe used the US dollar.
I felt people would not be intimidated by that… People understand that currencies go up or down so they are not as intimidated by currencies which is why we train in them. And to add to that, it is also one of the largest markets on earth.
KM: In a month. If they are a student at the University of Zimbabwe, for example, its life changing. Youngsters who have paid for their own fees, their sisters fees and buying cars. It varies it is a wide spectrum. I have to be responsible because I am the voice of the markets in southern Africa. KM: Tenacity, good education and capital, forex trading school zimbabwe.
Basically, it is all the ingredients that make a forex trading school zimbabwe business successful over the other. KM: We have got what you call the traders support network where we forex trading school zimbabwe people support for trades daily. I can tell you that with one of our best days in September, people personally sent me messages saying they made six times their monthly salaries in a space of two or three hours in that day so it is very difficult to say.
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The Forex Trading School is a centre committed to training and developing world class traders. Theological College of Zimbabwe Complex (Opposite NUST Main Campus) Forex Trading School -Africa, Gwanda Road, Bulawayo () 11/14/ · BULAWAYO-BASED Forex Trading School Africa has embarked on a nationwide campaign targeting to train for free 70 people in online forex trading to inculcate a culture of online forex trading Estimated Reading Time: 2 mins Home» Zimbabwe Business Directory Listing» Training & Educational Services in Zimbabwe» Forex Trading School. Forex Trading School 0 Reviews. 33 Jason Moyo Avenue, Harare, Zimbabwe. Send to friend; Send Inquiry; Add to Forex Trading School. Reviews are disabled, but trackbacks and pingbacks are open. Related Listings
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