“Our established research deduces that most people in this circle of internet fraudsters are largely illiterate guided by self IT-exploration and adventurous games, “a statement issued by Dr Tweneboah Senzu, Executive Director & Head of Research Bastiat Ghana, has said.
He said while the real educated people actually engage in genuine electronic transactions on the internet, pegged at 79.8 per cent, it has always been investment venture project like forex and commodity trading on the continent.
“In August 2012, the Bank for International Settlement reported that the Forex Market Traded in excess of 4.9 trillion per day.
“This free floating currency market, which Bastiat Ghana has taken upon itself to empower the Youth of Ghana and Africa as a whole would exploit the full potential opportunity…used to be traded only by banks, hedge funds and large commercial companies.
“Due to the technology break through and the expansion of the internet, the electronic communication network (ECN) was introduced in 1990 to facilitate electronic trading, which made it possible for investors all over the world to trade regardless of their location or time zone,” he said.
Dr Senzu also a Research Professor of African School of Economics said the phenomenon ushered in the era of brokers to place trades on the ECN on customers’ behalf.
He said to be a customer, one needs to be equipped with the technical know-how skill to exploit the full opportunities in the sector of the Investment market, which Bastiat Ghana is prepared with a renowned and competent team of vast experience in electronic trading to support and guide development.
Bastiat Ghana has advised potential clients to be mindful of quack traders claiming to be teachers, which could result in gambling with their trades, which has a higher probability of losing their investments.
Dr Senzu said: “Quality traders are trade statisticians who guide their trade with sound economic principles and well calculated risk management methods for attractive investment return.”
Bastiat Ghana organises lectures from Thursday to Friday, every week at its ultra modern theatre hall at Lapaz- Akweiteman Road, aim at transforming participants into a state of financial life and wealth status.
Source: GNA/News Ghana
