Why forex trading is exploding across Africa

Re:Why forex trading is exploding across Africa by Nextgrid on Tuesday March 09, 2021 @10:42AM (#26399847)

> I've seen people make big bucks from Forex trading.

I've also seen people making big bucks from what they claim is Forex trading. Whether that's actually true is up for debate - I've heard somewhere that on average even people who do this for a living as a job average ~10% annual returns, so "big bucks" here from trading alone seems unlikely when even the pros can't approach that?

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Re:Why forex trading is exploding across Africa by penagwin on Tuesday March 09, 2021 @10:49AM (#26399944)

> ~10% annual returns

That kinda checks out to me given the overall markets tend to return ~7% to 8%

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Re:Why forex trading is exploding across Africa by GhostVII on Tuesday March 09, 2021 @11:07AM (#26400146)

Not with forex though, isn't forex pretty much 0 sum? So on average you should make no money

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Re:Why forex trading is exploding across Africa by penagwin on Tuesday March 09, 2021 @01:15PM (#26401674)

Ah my bad, I don't have much experience with forex

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Re:Why forex trading is exploding across Africa by andi999 on Tuesday March 09, 2021 @10:47AM (#26399910)

10 percent per what? Annually?

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Re:Why forex trading is exploding across Africa by Nextgrid on Tuesday March 09, 2021 @10:48AM (#26399924)

Yes, annually - edited!

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Re:Why forex trading is exploding across Africa by andi999 on Tuesday March 09, 2021 @02:05PM (#26402478)

Thanks. Calculated in a stable currency (sort of USD) or does actually inflation dig into it?

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