Most Successful Female Forex Traders in South Africa. Danielle Lester and Paballo Nkwe These two ladies trade as a team and have already tested the success of Forex blogger.comted Reading Time: 4 mins 15/04/ · 27 Worst Forex Brokers in South Africa – Scam Alert! Posted on September 5, (September 8, ) by Louis Schoeman. With the growing interest of investors in Forex trading, more and more brokers are luring beginner traders into this type of investment. In this article we list the 27 Worst Forex Brokers to Estimated Reading Time: 5 mins 15/09/ · The SA Shares trading Web site has posted a notice to alert potential investors of the top 27 worst forex broker firms in SA: “Scam Alert – these are unreliable forex brokers in the market Estimated Reading Time: 6 mins
List of the Most Successful Female Forex Traders in South Africa
ndesanjo Posted in: KenyaNigeriafake forex traders south africa, South Africa. Forex trading is the process of changing one currency into another currency. Online forex trading is gaining fake forex traders south africa in Africa where potential investors are promised quick and huge returns. Accordingly, forex scams have been on the rise on the continent as well. How can you protect yourself from forex trading scam?
The real life costs of forex scam can be devastating. For example 13, investors in Kenya lost over Sh1. Ngcobo 33 claimed to be a self-made millionaire as chief executive of Cashflow Pro, a forex trading company.
Personal stories can be very tragic as well. An unnamed South African lost R, in May this year after he found an article on YouTube claiming that South Africans are making money in forex trading. He followed the link and ended up on KontoFX forex scam company website where he opened an account on the website. And ineven more South Africans lost money in an online trading scam that operated for more than two years from a call centre in the Philippines.
Other countries such as Nigeria are affected too. By investors could no longer withdrew their money. It is believed that around 3, people were scammed out of a total of two billion Nigerian Naira.
The authorities said that the company was involved in an investment operation that pays returns to its investors from their own money or the money fake forex traders south africa by subsequent investors. If you are interested in Forex trading, make sure you have gained enough knowledge about how forex trading works before you invest. Forex trading is very difficult, fake forex traders south africa, complex and time consuming. Making money from forex is extremely hard, if not impossible.
Research shows that it is virtually impossible for an individual to day trade for a living. Apart from understanding the mechanics, you also need to conduct due diligence on the forex broker you want to conduct business with. For example, beware of brokers who promise returns that would make you a millionaire in a short period of time. Ask yourself why a stranger you met on social media. for instance, wants to make you a millionaire.
Some forex fraudsters use fake trading statements, screenshots or demo accounts to lure unsuspecting investors. A South African certified financial planner, Craig Gradidge, says consider forex trading as an alternative to gambling. Therefore, you should engage in forex trading only when your financial affairs are in order, fake forex traders south africa.
Forex trading is a genuine enterprise. However, there are many forex fraud companies and individuals luring Africans on the internet and social media. It is not a get rich quick investment. To earn good returns, you will need proper education and make sure you invest what you can afford to lose.
Home Blog About Contact. The Rise of Forex Trading Scams in Africa and How to Avoid Them ndesanjo Posted fake forex traders south africa KenyaNigeriaSouth Fake forex traders south africa. Interesting Facts Some of the causes of the surge in forex trading are unemployment, the rising cost of living and internet penetration rates.
Trading is mostly done by young, educated, internet savy Africans as an alternative source of income. It is estimated that around N Million Naira are traded daily in Nigeria and the number of retail forex traders in the country could be as high asDiscover HerVenture App Empowers Women Entrepreneurs.
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Fake Forex Traders in South Africa. Scammers!
, time: 5:07The Rise of Forex Trading Scams in Africa and How to Avoid Them - Business Ideas Africa
14/07/ · Sandile Shezi, who is now one of the richest Forex traders in South Africa, as well as among the best traders in South Africa, was living in a ghetto and was attending the local school when he took a massive risk and put all of his money in the Forex blogger.comted Reading Time: 12 mins 23/09/ · More recently the South African forex scammer Jabulani ‘Mr Cashflow’ Ngcobo was sentenced to 6 years in jail in May, Ngcobo (33) claimed to be a self-made millionaire as chief executive of Cashflow Pro, a forex trading blogger.comted Reading Time: 5 mins Most Successful Female Forex Traders in South Africa. Danielle Lester and Paballo Nkwe These two ladies trade as a team and have already tested the success of Forex blogger.comted Reading Time: 4 mins
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