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*"Forex Trade Is Complex," Mthuli Advises Youths To Learn Stock Trading Instead*
https://www.pindula.co.zw/2022/09/04/forex-trade-is-complex-mthuli-advises-youths-to-learn-stock-trading-instead/?article

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 to understand that forex trading is not cut and dried as they think it is._

_I believe they should focus their efforts on learning about stock trading instead._

_They will encounter big losses in forex trade because of the complexity of the currency exchange market._

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.

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The government accuses illegal forex dealers of sabotaging the economy by driving exchange rate volatility resulting in runaway inflation and the erosion of workers’ earnings.

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