The FX market has been regarded as a sleeping giant for close to a decade, mainly because low-interest rates suppressed volatility in the currency space. However, with central banks normalizing monetary policy in 2022 by hiking rates and selling assets, things have taken an impressive turn. Currency pairs are now seen as more volatile, given exchange rates must adjust to the changing economic picture. In such an environment, traders need to consider all their options and trading minor FX pairs is one worth analyzing. Currency volatility Despite accounting for several trillion USD in daily volumes, when FX volatility spikes, managing risk is increasingly difficult. This year has been one to remember for the US Dollar, which rose against most otherread more
Forex Trading Course
A Forex trading course is a key factor when it comes to the success or failure of any traders’ financial outcome.
Forex trading in South Africa is one of the fastest-growing trading geographics in the world, but sadly one of the most uninformed.
Knowledge is power. Put in the time, expand your knowledge, and become a profitable trader.
Just like in any industry, knowing the terminology is an important factor. You can’t trade the markets blindly! Take it from a professionals’ point of view. Repetition, repetition.
Do what works over and over again and you will reap the benefits of success. Screen time greatly assists in this. If you don’t put in the time you can expect the results you seek.
The best piece of advice we can provide you as a trader is to not rely on indicators, tools, EAs or robots, thinking it will lead to success. These are short term solutions, unfortunately not profitable long term.
Looks past the hype and empty promises. Save yourself the money and disappointment. This Forex trading tip comes from experience.
When it sounds too good to be true, it usually is!
We are hard at work to build out a Forex Trading Education section from A-Z. This will help beginners and professionals alike get a better understanding of the FX market, and how it operates.
Without understanding, there can’t be profitability.
Put in the time, expand your knowledge, and become a profitable trader. Don’t become a statistic! Become an individual that is educated!
Gold has entered this month with a bang, registering monumental gains amid a weakening Dollar. The bullion’s price now stands above the $1,750 level after a dizzying rally from the $1,616 zone. Gold’s spot price started last week at nearly $1,670 an ounce but exited it at around the $1,765 zone, recording its best performance since the week ending July 24, 2020. A gloomy year for gold under the backdrop of a strong Dollar and rate hikes Gold had been under strong bearish pressure where it lost more than $400 (or 20%) in value till October’s end, since reaching the peak of over $2,060 in March. Gold prices skyrocketed earlier this year as fears about the repercussions of Russia’s invasionread more
In the past few years, forex trading has grown a lot, with more and more traders from all over the world getting involved and hoping to make a lot of money. However, most new traders are unsure whether forex trading is profitable or not. In this article, we will look in depth at forex trading. The short answer to the title is “yes.” But most people forget that an investor needs to be skilled, have a lot of experience, and know how to negotiate in order to make money. This market can be quite beneficial from time to time if you are a Forex trader who knows how to apply the proper tactics. This necessitates that investors devote significant effortread more
The abbreviation VSA stands for Volume Spread Analysis — the analysis of changes in trading volume. The ability to correctly determine this indicator in MetaTrader 4 is the key to successful work in the financial markets and forex broker trading. The average trader will not be able to globally influence the market situation due to insignificant capital in management, so the most reasonable solution would be to determine the mood of significant players and follow them. Futures exchange volumes If we compare the price charts of the EUR/USD currency pair and EUR futures on CME, then the prices will be almost the same. The difference is the basis — a small value. It is important to note that at theread more
Know Your Customer/Client (KYC) is a term used in financial services and trading platforms to indicate compliance with the law. The phrase “Know Your Customer” (KYC) is essential terminology in the foreign exchange market and other areas of the financial sector. For a long time, the compliance teams’ ability to check the identities of new clients and consumers before allowing them to use the company’s service has protected the business from financial crime. Its purpose is to verify the legitimacy of the customer’s funding source and the customer’s identity. It mandates that businesses involved in the buying, selling, or exchanging of financial products (such as forex) record the customer’s first and last name, physical address, date of birth, and, inread more
If you are a trader in the Forex or foreign exchange market, then there is certainly no shortage of online forex brokers who are looking to win your business. All you need to do is visit a financial news website to see tons of ads from Forex brokers. But, while narrowing down your choices might not be difficult with so many options to choose from, it’s worth knowing what is worth looking out for when selecting a Forex broker. Here are some of the main things to consider to help you choose the right Forex broker for you. Here are 4 tips for choosing a forex broker. Reputation and Compliance When looking for a Forex broker, pay attention to theirread more
MetaTrader 6 Release Date – Upgrade from MetaTrader 5? Beginners to professional traders have been anticipating the MetaTrader 6 release date since the launch of MetaTrader 5 back in 2010. Sadly, although roomored, there has been no official release date for MT6. MetaQuotes’ first release of the MetaTrader versions was MetaTrader 4 back in 2005, closely followed by MetaTrader 5 in 2010. The MetaTrader trading platform has dominated the retail trading space ever since! The legacy MetaTrader 4 saw an upgrade due, promising a major improvement and expansion in features. MetaTrader 5 was born but did not receive the popularity it was thought to have received. Most CFD brokers still hold onto their MetaTrader 4 licence due to its popularityread more
If you are an active forex trader, you love to have access to market news, quotes, charts at your fingertips all the time. Because of its simplicity, trading on smartphones has increasingly become a preferred medium among most forex traders. With most mobile apps now providing full functionality, there’s no reason any beginner wouldn’t want to try trading on the go. So, let’s try to find out, what makes a good forex trading app, and what some of the best apps are in 2021. What makes a good Forex trading app? A forex trading app is intended to be appealing to users, but if you are serious about learning how to trade and want to become a professional trader, makeread more
What is Forex trading? How does Forex trading work? Forex trading is the buying and selling of global trading currencies within the USD 5 trillion a day Forex market. If you think that sounds like a lot, you’d be correct – The Forex market is the global marketplace and the most liquid market in the world! If you combine the world’s stock markets into 1, the daily volume won’t surpass the currency market volume. This is achieved because the Forex market is globally decentralised, unlike stock markets requiring all trades to be executed through one central exchange like the New York Stock Exchange (NYSE). Regulated by the Financial Sector Conduct Authority (FSCA), Forex trading in South Africa is highly popular. The foreign exchange marketread more
Forex trading in South Africa is getting quite popular. South Africa is the largest forex market in Africa. By comparison, South Africa has a daily trading volume of $ 2.21 billion, a far cry from Nigeria’s $ 314 million daily. Moreover, the average client deposit in South Africa to South African forex brokers is $ 742, while in Nigeria, deposits averaged $ 514.42. The country’s vibrant and active forex trader community is now much better off in part thanks to foreign investment support. In turn, this attracted many forex brokers to South Africa, and now their number in the country is very significant. South Africa’s mature economy and population of 50 million make foreign exchange trading attractive to foreign brokersread more