Forex The Way Out Of Unemployment In Ghana

On the world ranking of unemployed nations Ghana ranks 82 with 11% with Zimbabwe toping the rankings list with 95%. This entry contains the percent of the labor without jobs; substantial underemployment might be noted according to CIA World factbook as of February 21, 2013. In Ghana the number of unemployed youth on the ground looks scary with Universities turning out new graduates every year. Some of these graduates with great computer skills turned to facebook and other social media networks as a way of life but these skills can be enhance to power the emerging force of forex trading according to Mr. Simeon Odo Head of Operation Future pip Ltd.

The Forex market was established in 1971, though it was only possible through a combination of technological, communication and political advances. Understanding them and how they impart the trading of foreign currencies is a crucial element in becoming a successful, smart trader. However, money has been around in one form or another since the time of Pharaohs. The Babylonians are credited with the first use of paper bills and receipts, but Middle Eastern money changers were the first currency traders who exchange coins from one culture to another.

During the middle ages, the need for another form of currency besides coins emerged as the method of choice. These paper bills represented transferable third-party payments of funds, making foreign currency exchange trading much easier for merchants and traders and causing these regional economies to flourish.

A moment of education on the forex market and its historical evolution of the foreign exchange market and the roots of the international currency trading, from the gold exchange, through the Bretton-Woods Agreement to its current manifestation. The Bretton-Woods Agreement established in 1944 fixed national currencies against the US dollar and set the dollar at a rate of USD 35 per ounce of gold. In 1967, a Chicago bank refused to make a loan in pound sterling to a collage professor by name of Milton Friedman, because he had intended to short the British currency. The banks refusal to grant the loan was due to Bretton-Woods Agreement.

Bretton-Wood was aimed at establishing international monetary stability by preventing money from taking flight across countries thus curbing speculation in foreign currencies. Between 1876 and world war I, the gold exchange standard had ruled over international economic system. Under the gold standard, currencies experienced an era of stability because they were supported by the price of gold.

However, the gold standard had weakness in that it tended to create boom-bust economies. As an economy strengthened, it would import a great deal, running down the gold reserves required to support its currency. As a result, the money supply would diminish, interest rate would escalate and economic activity would slow to the recession.

Ultimately, price of commodities would hit rock bottom, thus appearing attractive to other nations, who would than sprint into buying frenzy. In turn, this would inject the economy with gold until it increased its money supply thus driving down interest rate and restoring wealth. Such boom-bust patterns were common throughout the era of the gold standard, until World War II temporarily discontinued trade flows and the free movement of gold. This Agreement was founded after World War II, in order to stabilize and regulate the international Forex market,

The explosion of computer technology that began in the 1980s accelerated the pace by extending the market continuum for cross- border capital movements through Asian, America and European time zones. Transactions in foreign exchange increased rapidly from nearly $70 billion a day in the 1980s, to more than $3 trillion a day two decades later.

Until the advent of the internet-Forex age at the end of the 1990s, Forex was conducted via phone orders (or fax, or in-person), posted to brokers or banks. Most of the trading could be executed only during business hours; the same was true for most activities related to forex trading. The internet has radically change the forex market, enabling around the clock trading and conveniences such as the use of credit cards for fund deposit.

In Ghana only few people are in the known when it comes to Forex trading, simply because of lack of information on the profitability of Forex. Many of those involved in forex trade are happy to be cashing in on such a venture before the flood gate is open to all. Future Pip Ltd. the best and most transparent Forex broker in Africa has taken it up to offer free training to anybody interested in getting into forex as full time job or aside your traditional job. With a world class trading platform, raw spreads from o.1pips, daily sound technical support and expert emphases on the security of your fund and sound money risk management.

According to Mr. Simeon these graduates as well as other individuals who fall into the bracket of unemployment do not have any excuse whatsoever when they can be self employed, How ? Through Forex trading, it is profitable, very well regulated, fast and reliable and with our award winning Metatrader 4 platform one is sure of making good money. All one need is to go through the training and at Future Pip Ltd one is sure of meeting experience successful margin, derivative and risk management executives with so many years of experience on online trading. It is our mission to build the first class world forex brokerage company with much emphasis on the long term relationship, high quality service that meet client future demands.

He said plans are far underway to bring in world renowned forex experts from the Market Trader Academy, USA to an upcoming seminar by Future Pip Ltd as way of equipping traders in Africa with the latest trends in the forex world. He added that it is a good venture and investment opportunity for the youth in Ghana to take advantage of. When ask who is qualified to part take in the training he said anybody who is ready to make money and put in practice all that will be pass on from the trainings.

He encourage young people to start educating themselves on how to start up their own business and that forex is a sure way to go being one of the secrets of many banks today. Taking advantage of forex will start with Future Pip Ltd the best and most transparent Forex broker in Africa so come on contact us on any of our social media site or log on to www.futurepipfx.com these were is last words to anybody who wants to make good money.