{"id":65637,"date":"2022-09-04T15:46:03","date_gmt":"2022-09-04T13:46:03","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/forex-trade-is-complex-mthuli-advises-youths-to-learn-stock-trading-instead"},"modified":"2022-09-04T18:56:03","modified_gmt":"2022-09-04T16:56:03","slug":"forex-trade-is-complex-mthuli-advises-youths-to-learn-stock-trading-instead","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/forex-trade-is-complex-mthuli-advises-youths-to-learn-stock-trading-instead","title":{"rendered":"\u201cForex Trade Is Complex,\u201d Mthuli Advises Youths To Learn Stock Trading Instead"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>The Minister of Finance and Economic Development, Mthuli Ncube, says young people should abandon illegal forex trading and instead learn about stock trading.<\/p>\n<p>Speaking during a recent interview with The Sunday News, Ncube said the foreign currency trading market is too complex and youth may lose heavily. He said:<\/p>\n<p>Young people need to understand that forex trading is not cut and dried as they think it is.<\/p>\n<p>I believe they should focus their efforts on learning about stock trading instead.<\/p>\n<p>They will encounter big losses in forex trade because of the complexity of the currency exchange market.<\/p>\n<p>Arguably hundreds of young people in Zimbabwe engage in illegal forex trade due to high levels of unemployment as well as the desire for easy riches.<\/p>\n<p>The government accuses illegal forex dealers of sabotaging the economy by driving exchange rate volatility resulting in runaway inflation and the erosion of workers\u2019 earnings.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The Minister of Finance and Economic Development, Mthuli Ncube, says young people should abandon illegal forex trading and instead learn about stock trading. Speaking during a recent interview with The Sunday News, Ncube said the foreign currency trading market is too complex and youth may lose heavily. He said: Young people need [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":65636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,15],"tags":[1493,2189,187,3732,11688,5088,9787,807,11690,11689,19],"class_list":{"0":"post-65637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-head-lines","9":"category-homepage-english","10":"category-policy","11":"category-twitter","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-forex","15":"tag-forex-dealers","16":"tag-forex-dealing","17":"tag-illegal-forex-dealers","18":"tag-illegal-forex-dealings","19":"tag-mthuli-ncube","20":"tag-stock-trading","21":"tag-stocks","22":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u201cForex Trade Is Complex,\u201d Mthuli Advises Youths To Learn Stock Trading Instead - 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