Most African countries struggle with financial instability, as well as the strength of their currencies in a state of instability, and due to the slow development of Africa as a whole, it becomes increasingly difficult to maintain and adhere to the standard set by the developed countries. . The direction is simple, Africa as a whole has to reach a level where 80 percent of the population is financially stable and secure. Many factors contribute to this phenomenon, one of them is the poverty that affects African countries, this is a clamorous issue that is hindering the vision of a new path for Africa. The effects of poverty dictate that the poor remain poor and the rich grow in wealth and those in the middle never seem to move forward, these limitations slow down any growth and ensure a stagnant economy and subsequently the financial growth of the country that remains. in a state. no forward movement.

The Forex Market: This is the largest financial institution in the world, currency transactions are worth 5.5 trillion dollars a day compared to a mere 76 billion dollars on the NYSE. traded at any time, day or night, Monday through Friday. All of this is thanks to advances in technology, real-time information and platforms for studying the markets are available to anyone with a laptop and an Internet connection. Most people who teach trading markets usually detail that it takes about a month to understand the markets halfway and to be in a position to start accumulating funds and this could also be presented at universities as a course of study. Imagine a country in which everyone can accumulate funds and is in a financial position to buy goods and services that amount to the improvement of each home. If the Forex market offers trillions of transactions in a day, and if the majority of the country’s people know Forex well, the country’s economy could grow much faster. The country’s economy would have more monetary resources to invest in a variety of development projects in the country.

For example, a country like South Africa where the unemployment rate is a high 27%, compared to 4.5% in the UK (a highly developed country, more graduates are coming to understand that employment is a rare commodity ). If Forex is introduced and becomes an accelerated success, the influx of money in turn would encourage more and more young people to create businesses that will create jobs and, with a rising employment rate, the country would be one step closer to being fully developed. Forex would ensure the financial sustainability of companies and people within the country and the secondary objective would be that all the money generated by the country can be used to combat the problems facing the country. A country like Kenya desperately needs basic livelihood needs, if Forex is implemented successfully, the needs can be bought in other countries or local production can be supported through the economy.

Most African countries are lagging behind in terms of technological advancement and since this world has gone digital and the countries that bravely embraced this path have fully developed and the more they venture down this technological path the more they branch out into different industries like medicine. , agriculture, production, creative arts, health, etc. This is the path that African countries can invest in, whether it be by purchasing innovative technology from much more developed countries or investing in much more advanced and sustainable education, which in turn will benefit the country in the long run. This is also based on pursuing currency trading as a successful strategy to ensure financial sustainability. While Forex may seem lucrative and highly profitable, it also demands hard work and dedication from those seeking a better life because without those values, it is also much easier to incur large losses in the markets, causing many more people to turn away.