Forex trading in Ghana is an emerging market. It's not known much by the individual traders... Perhaps is one of the markets that is less regulated by the Government.
In recent times and in the near future, many people (Ghanaians) are likely to loose more monies.
Why the Losses?
Unregulated brokers
Scammers
Lack of knowledge
Lack of skills
Bad investment portfolio with higher risk
Dishonest Brokers
Etc
In Ghana, few people know about the forex market. I doubt it if there are good brokers in Ghana. Dealing with the foreign brokers is more than 200% higher the risk of losing money.
Giving money out on agreement as investment is the easiest way to lose the money.
Trading 💹 with profits can't be withdrawn. The broker easily delete your account and you can't have access.
There's more income making in the forex market. Unfortunately it's taken over by professional scammers.
Later, list of names of traders that scam Ghanaians will be made available.
List of brokers that are not honest will also be available.
In conclusion, forex trading in Ghana is designed to loss money. The gain is 1:10,000 people. Be ware!
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