Stanbic Bank Tanzania launched a live foreign exchange trading portal dubbed e-Market Trader to provide clients with access to an integrated, web-based and real-time foreign…
Forex (FX), also known as foreign exchange, is the world’s largest and most liquid financial market where currencies are bought and sold. In forex trading, you speculate on the future price of the currencies.
With FX trading, you buy or sell the movement in currencies with the aim to profit from the appreciation or depreciation of one currency over the other. The value of a currency on the Forex market is determined by demand.
Forex trading has seen huge growth across Africa and in Tanzania in recent years especially growing rapidly in popularity amongst young people.