On May 8, 2019, the Regional Council for Public Savings and the Financial Market warned the public
burkinabè against scams in high-risk investments. He also invited
target companies to comply with regulations; which explicitly says that only the bank has
an authorization and a guarantee from the BCEAO to collect public money against payment
of interests. It was in handling this case that the prosecution received a report, the only
transmission to his services obliges him to open information to confirm or invalidate the suspicions of facts
fraud, tax evasion, money laundering. This then led to the freezing of accounts
investment companies, much to the chagrin of investors. Some traders, on the other hand, continue their
solo activities.
To better discover this world of stock market speculation with which many Burkinabe
become more and more familiar, we met, on November 9, 2019 in Ouagadougou, a former
English teacher who gave up chalk in favor of computer screens and smartphones. Bernard
Ouédraogo, since it is about him, has converted into a crypto currency consultant and coach in
practical investment.
What is trading for a layman?
Easy French trading is buying and selling. But in the modern realm it is simply
speculate on the stock market through forex (Editor’s note: foreign exchange market to designate
the foreign exchange market, on which currencies are said to be convertible), raw materials, and very soon
cryptocurrency. In other words, it is buying silver when it is cheap and reselling it when it is
acquires value.
What is a professional trader?
A professional trader lives from his trade. All alone, when he makes up his mind, he can take care of half the
Burkina Faso and take care of the well-being of the populations that make up this portion. In the market
stock market, Forex alone generates more than 6000 billion dollars per day. It's like a huge
ocean where everyone will help themselves. This is precisely why it is said that a professional trader can be
a lot of money in the stock market.
Who can be a trader in Burkina Faso?
Anyone can be a trader, even someone who didn't go to school. Oumarou Kanazoé is an illustration of this.
For example, when you take the lottery, many people are interested in it without having been to school; same
if they can't write down the numbers, at least they can choose them. Just learn the key rules and,
when necessary, take a position either downwards or upwards; i think everyone can be
trader.
How can illiterate people manage to assimilate trading courses?
It's very simple. I'll ask you how they make phone calls. When you give a laptop to
an illiterate, without being able to read, he manages to make calls. When you take the different networks
mobile phones, many illiterates have accounts. Ask them how they are doing. This is
exactly the same.
Since when did trading make its appearance in Burkina Faso?
I experienced trading in Burkina in 2015. But in our research, we discovered that there are people who
have been doing this activity for more than 10 years in our country. It was the prerogative of individuals.

One of the first trading houses to go under was Social Be Investing. The scenario was the same
: by the time we realized that we were waging a false fight against society, we had already finished killing it.
Do you know of any other investment firms that have gone out of business?
They are many. For example, there is Globumi, Glofas, Royal Finance and Barka finance, between
others.
How do investment companies generally work?
The populations, by word of mouth, were informed. From then on people began to place their
money. The companies offered investments with rates ranging from 10 to 20%. A single person
can opt for all three choices: monthly, half-yearly and annually. There are trading houses whose
Investments started from 100,000 CFA francs, others at 200,000, 300,000 or a million. It's in
2016 that the first trading house, Globumi, settled in Burkina Faso. Trading is comparable
to an investment where someone creates his kiosk with 100,000 F CFA. Afterwards, he borrows 1,000,000 F
CFA to make his business work better. If you invest with the person you expect to
fallout, of course. Trading companies know that for these operations, in less than 5
days, the return on investment is possible and they still have 6 months to pay customers. This
is not lottery or games of chance in which people sell their plots, vehicles,
bet everything and come out empty-handed. But since these are legalized bad practices, we don't
do not speak.
What are the dangers associated with this stock market speculation?
In reality, it is not a Ponzi scheme, that is to say where you take the money from the last to pay the
first. Even if it is only one person who deposits his money, we direct it to the stock exchange system, on
the trading platform and you grow your bet. After that, we make a call for funds to pay the person concerned.
Tell me where there is no risk? Even school has risks, see the unemployment rate. It includes
risks but which are minimal and calculated. In addition, where there is money, there are also risks. All
anything on earth involves risk.
In the event of losses, who reimburses the investors?
I entrust you with a capital of 1 million and ask that you make 10,000 FCFA every day, about 20
dollars, as profit. You are told to use leverage. The fact that your leverage is weak means that you
can't lose the 20 bucks. Imagine that the curve rises and you enter the market during
his fall. In its evolution, even in case of error, the market cannot go up forever; he will
experience fluctuation. It can't stay down forever either. So whatever goes
get to the stock market, you can't lose. It is the gain that is minimal. That's why
trading houses do not pay much otherwise if they make up their mind they can pay at rates of
60% per month.
What exactly does the state blame these trading companies for?
During our exchanges, certain authorities told us that it was the first time that they had heard the word
''trading''. I don't know if they are faking it, but I find it disappointing. These companies are blamed
to be channels for money laundering, high fraud, financing of terrorism,
sellers of illusions. I assure you that it is not.
Do you think the banks played a role in blocking the money?
Banks have played a major role. I also consider them to be “chests”. We are talking about
bank when there is this ability to print money. Even the BCEAO is not capable of this. Their
luck is that after appealing for funds, they must receive the money and allow the houses to
trading to have access to their funds in order to distribute them. This is the exact and normal scenario. The bank
central prints money and distributes it to commercial banks. And it is from these institutions that
the individuals who make up the nation have access to it. So if the commercial banks take the money and the
block, it goes without saying that individuals do not have access to them.
The government and the banks are one. Even in the United States, it is the banks that make the law at the level
of the government ; it is they who impose what they want. So all the banks are colluding
with the government.
Don't you think that banks see trading companies as direct competitors
?

How will this electronic money be managed?
Instead of storing money in banks, we will place it in blockchains through technology.
What will be interesting is that we will eliminate the banks, the government, the institutions
financial. Transactions will be made between partners. In 30 seconds, we can send a
billion in an account. The blockchain is a set of white papers on which we write. When we
mark things, it's indelible. Indeed, it is a network of interconnected computers to convey
secure data or financial transactions. Since its inception, there has been no possibility
of hacking, or burglary. For more transparency, blockchain can be integrated into elections.
There is a traceability that will reveal everything.
How strong can cryptocurrency be?
With cryptocurrency, we decide to give freedom to the world population. Facebook was about to
launch its own and the American banks came together to say no to ''Libra'', claiming that if this
new currency is born, they will only have 7 days to disappear. If it's scary in America, it's not
not our “safes” (banks) at the national level which will resist for an hour. We don't fight against
a currency ; we join forces and we create them. Then we move on to trading. Those who come to us
go through our currency to buy what we have.
What is the difference between cryptocurrency and trading?
Cryptocurrency is a currency like the CFA franc but virtual. For trading, it is a question of sending
money on a platform and multiply it. However, with cryptocurrency, this is not the case. If you
you are lucky to be at the beginning of the creation of money, the little money you put in will
turn into millions, even billions. Even a villager can invest in it after explanation. She
works a bit like if you bought a piece of land that you will resell later when it takes
value. The use of a currency arises from an agreement. If we decide to no longer use the CFA franc, we
get along and we exchange our products. It is we who give value to money.
Will Burkina be at the rendezvous of history?
In French schools, we teach how to use cryptocurrency and blockchain. In the USA,
some students have asked that subjects they consider useless be removed in order to move towards
currencies of the future. English speaking countries like Ghana, South Africa, USA have overtaken trading
and find themselves at a higher level, meanwhile in Faso, we are fighting against trading and we are there
attached. When are we going to finish battling the trader and evolve? Nothing started with us. 80%
of Londoners in Britain when they wake up no later than 8 a.m. are already making 100 million, or even
200 millions. The day is made for car rides.
The broker ''Hotforex'' was preparing to settle in Burkina Faso while the problems began. They have
created an Academy of trading university to help young people cope. What misery do they not have
known in our country? Some of those who govern us don't even know about trading. If we
had taught us that since 3rd grade, everyone would have built dams in the village, put bitumen
and lifted his parents out of poverty. We all have the right to a better life