Forex trading education 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. Don’t become a statistic!
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!
Put in the time, expand your knowledge, and become a profitable trader. Don’t become a statistic!
By: TradeFX.co.za
Hedging in forex is a common feature for many trading accounts provided by brokers. Hedging also refers to a tactic used to offset risks. Hedging is yet another delightful piece of Forex trading jargon which can have various meanings in different circumstances. Besides many other important matters, we shall explore the varying definitions to ensure […]
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One of the most fundamental topics every new trader must grasp is knowing what is the Spread in Forex and why it’s so important. 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 […]
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Have you been looking at opening a trading account and found yourself puzzled trying to understand what is a Swap in Forex? A Swap in Forex is an interest payment that you either settle or collect for carrying positions overnight into the following day. Swaps in Forex play an important, yet confusing role and they […]
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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 […]
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We go over what is margin in Forex and how to avoid receiving a dreaded margin call. Margin is the capital that your broker requires you to have available in your trading account to open a leveraged position. Think of margin in Forex as the deposit that your broker holds as collateral when you take […]
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This is your quick guide to Forex trading in South Africa, answering the big question on every new trader’s mind: What is Forex trading? 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, […]
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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 […]
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Learn what is a pip in forex, calculate how much they’re worth and ultimately use this knowledge to manage your overall risk. A commonly asked question, what is a Pip in Forex? A Pip is the smallest unit of measuring a price move. It’s not a word, but rather an acronym for percentage in point […]
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Your quick guide to Forex trading in South Africa, answering the big question on every new trader’s mind: How does Forex trading work? Forex, or the foreign exchange market, is significantly different from stock trading. Therefore, these differences often make Forex look exotic comparing to the more familiar terms and techniques that we associate with […]
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