Forex Trading Course

You’ve probably heard the term forex but have no clue what it’s all about. Read further to learn what is forex and how to understand the basics. Forex, sometimes referred to as foreign exchange or FX, is a network of buyers and sellers who trade one currency for another at an agreed-upon price. The main goal of currency trading is to earn a profit. Foreign exchange trading occurs on the foreign exchange market, which is also known as the forex market. If you’ve ever travelled outside the country, you will most likely have made a forex transaction. Volatility exists when the volume of currency gets converted daily, affecting price movements. This volatility makes forex trading appealing to traders, as they

This is your quick guide to Forex trading in South Africa What is Forex trading? Forex trading is the buying and selling of global 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 largest and most liquid market in the world! If you were to combine all of the world’s stock markets into 1, the daily volume wouldn’t even come close to the volume in the currency markets. This is achieved because unlike stock markets that require all trades to be executed through the one central exchange like the NYSE; the Forex market is globally decentralised. Regulated by the Financial Services Conduct

There’s been an increase in popularity with CFD trading in South Africa. With an increase in brokers and trading platforms, a CFD trader has plenty of options to choose from. CFD Meaning Explained CFD trading can get defined as the buying and selling of CFDs, with a CFD meaning, contract for difference. CFDs are over-the-counter (OTC) financial derivative products, allowing you to trade on currency pairs’ price movements. Forex transactions are mostly through a forex broker, but you can now use derivatives such as CFD trading. CFDs are leveraged, allowing you to open positions for only a small portion of the total trade’s value. You don’t take possession of the asset but instead, take a position believing that the market’s

Forex, or the foreign exchange market, is significantly different from stock trading. Therefore, these differences often make Forex look exotic compared to the more familiar terms and techniques that we associate with the stock market. Despite the familiarity that the stock market enjoys, the Forex market is overwhelmingly the largest in the world. What is Forex trading, what makes this market so popular and how does Forex trading work? How does Foreign Exchange Trading Work? The Forex market is a global market for the trading of currencies. The fall of the gold standard happened in the 1970s. This led to most of the world currencies trading against each other on the global Forex market. So, if you feel that the

Have you ever wondered how to trade forex in order to generate supplemental income or maybe even trade professionally full time? Getting started can be a little daunting so we’ve created this handy guide to help you on your journey to forex trading success. Read on and you’ll be trading forex like a pro in no time. Forex trading basics When you trade forex, you are trading one currency against another eg. the Euro against the US Dollar (EURUSD), or the US Dollar against the Rand (USDZAR). When you go long (buy) a currency pair, you are speculating that the first currency in the pair (the base currency) will appreciate against the second currency in the pair (the quote currency)

Your quick guide to Forex trading in South Africa, answering the big question on every new trader’s mind: How to start Forex trading? The Foreign Exchange market, known as the Forex or FX market, is the most liquid market for the exchange of global currencies. It consists of $5.2 trillion in daily volume. Before you can learn how to start Forex trading, you need to understand the background, how did it evolve into the market we know today? Forex trading was not always widely accessible to retail traders. Institutional trading and the wealthy took advantage of the lucrative form of trading. This all changed as the industry moved forward with the rapid growth of the internet and technology. At present,

If you are not familiar with Forex trading and want an opportunity to make money, you need Forex education to start. Understanding the various markets and methods is essential, as you need to learn how to manage your risk and position yourself up for success. If you are asking how to trade Forex for beginners then this is the article for you! First, we need to understand what Forex is Forex is a foreign exchange process of converting one currency into another currency for various reasons. These reasons can include tourism, trading, or commerce. In short, the foreign exchange market is where you trade currencies. There’s no central marketplace for foreign exchange, but it gets conducted electronically over-the-counter (OTC). The

One of the most fundamental topics is knowing what is the Spread in Forex? The spread in Forex is the difference between the Bid and Ask price of a given currency pair. The definition just given for Spread is short and to the point, but probably raises more questions than it answers. Let’s dive deep into the topic of Forex trading spreads to understand why everyone is talking about them and how they play such an influential role in FX trading. A Closer Look at Spread in Forex If you’ve been interested in trading Forex for longer than five minutes, you have probably seen the phrase tight spreads mentioned somewhere. For many traders, Forex Spreads are considered a cost, which

Have you opened a new trading account and want to understand what is leverage in Forex? Leverage is one of the most powerful and alluring aspects of choosing to trade forex over most other asset classes. But what actually is leverage in forex and how can you use it to your advantage? Leverage allows a Forex trader to essentially borrow money from your broker, for the purpose of controlling a larger position than you could otherwise trade.  Through what is essentially a loan from your broker, leverage allows you to use a fraction of your own money, while still being able to trade much bigger volumes than you otherwise could. An example of leverage in forex: Leverage is expressed in

Like other financial markets, forex has a bid and ask price. These prices update in real-time and reveals the current situation of the market. If you are scratching your head what the hell we are talking about, then don’t be. In this guide, we are going to explain forex bid and ask prices and why they are important. First, let’s define them separately. 1. Ask price The ask price is the minimum price at which you can sell a forex pair at that time. It frequently changes, as do all other prices on an exchange, as traders respond and make moves. As a result, the ask price is a predictor of a pair’s value at any given time. 2. Bid