recently participated in the International Forex Expo Show held in Nigeria between 31st January and 1st February 2020.
ATFX was represented by staff from its UAE office led by Ahmed Fouad, the Regional Head of Business Development and Ramy Abouzaid, the Head of Market Research.
The Forex Expo is a finance event that is held in different African cities each year and is attended by hundreds of introducing brokers, traders, and forex brokers looking to make an impact on the African continent.
The event provided an excellent opportunity for ATFX to introduce its products and services to traders on the African continent where we also got an opportunity to share our vision for the growth of the Forex trading industry in Africa.
Ramy Abouzaid, the Head of Market Research of ATFX in UAE delivered a presentation “Gold prices expectations in 2020” where he explained the likely impact of various global events on the price of gold in the coming months.
The talk was well-received given that most traders are tracking gold prices due to the prevailing geopolitical risks that could affect the yellow metal if they materialised.
Gold is a safe-haven asset whose price rallies when investors are trying to avoid major risks in the global financial markets.
Some of the high-risk events that could affect gold prices this year include an escalation in the US-China trade war, a new trade war between the US and the EU, and the likelihood of a hard Brexit if the UK and the EU do not strike a trade deal before 31st December 2020.
Ahmed Fouad commented that “this event was a first for ATFX in West Africa this year and we were very pleased to see the huge interest in Forex trading among the participants who were very interested in our products and services. We look forward to launching new products and services that are tailored to meet the needs of African traders given the significant growth potential we see across the continent.”
looks forward to participating in other Forex Expos scheduled to take place in cities such as Nairobi, Kenya, Accra, Ghana and Johannesburg, South Africa later in 2020.
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