The Sunday News
Gibson Mhaka
EVER considered working from home?
With the increasing rate of unemployment in Zimbabwe more people are now becoming aware of the need to start their own private businesses and work from the comfort of their homes.
But for intending entrepreneurs the major question that comes into their minds is: ‘What are the best business opportunities in Zimbabwe that affords one to work in the comfort of his or her home and earn money especially through the use of the mobile device?’
Wonder no more, a business research by a leading Bulawayo trader and financial consultant Mr Amos Tsopota proved that there are many untapped business opportunities for insightful investors.
In an interview with Sunday News Business, Mr Tsopota said if people have some funds that they would like to invest, the best investment opportunity at the moment was in forex-trading.
He said the country has unlimited opportunities in financial markets because of its multicurrency system which it adopted in 2009.
“Currently, if you have a background in forex-trading you will make money and at the same time help develop many small businesses. Forex trading in simple terms is the trading in currencies from different countries against each other.
“In other words it is a global decentralised market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume trading, it is by far the largest market in the world,” he said. Added Mr Tsopota: “One of the most fascinating things about the market is that there is no brick and mortar market place for forex trading. Every transaction is done electronically over the counter. Unlike, the stock exchange, the forex market remains open round the clock with currencies traded across time zones.”
Mr Tsopota who also conducts workshops with bankers and financial experts sensitising them on the viability of forex trading said profitably in the business requires that one employs a definite strategy.
“There is no right or wrong way to trade; rather what is important is for you to determine the one you will adopt. Sometimes, you will find out that a trading strategy will work well for a currency pair in a given market, while another strategy will work for that same pair in another market or set of market conditions.”
He said it is the most viable business in many ways and currently intending entrepreneurs how they can make $1 500 per week from a small investment of $250.
Asked about how he started his life-changing journey, Mr Tsopota said:
“It was pretty easy, I applied for a loan after a friend of mine coached me about this trade saying I can make money while working at home. Since I was not interested in the ‘get rich quick’ pyramid schemes which once rocked our country and saw many people losing their money my friend encouraged me to venture into forex trading saying it has helped him change his financial life.
“I have been in the business for eight years now, I make at least $80 000 per month though these are clients funds that I manage. Meanwhile, for you to make money like this you have to learn how to trade, the easiest way is to attend forex trading lessons which I usually conduct with intending entrepreneurs.
“Although, there is no policy in Zimbabwe about forex trading the Reserve Bank of Zimbabwe welcomed this as a new innovation way of throwing money into the market and expressed interest in helping us by getting perhaps exception certificates,” said Mr Tsopota.
He further said: “Unlike illegal money changers popularly known as osiphatheleni with forex trading, one is guaranteed of buyers and sellers any time he or she execute a trade and that can be done via your mobile device”.
As a word of advice to intending forex traders, Mr Tsopota said the business demands a high level of discipline and a strategy helps one to stay focused and avoid emotional trading which has proven to be the downfall of many traders.
