Did you know over $5 trillion worth of transactions happen in the forex market daily? If you are a Swazi trader looking to find the nitty-gritty of forex trading in Swaziland (now Eswatini), then this post is for you. We are going to go through all the details, from getting started in forex to some of the key forex strategies you can use. So make sure to stick till the end! Overview The Swazi economy is similar to the economy of South Africa, from which it receives more than 90% of its imports and sends almost 70% of its exports. Swazi investors who want to enter the forex market must first learn how to navigate a market context. Since thereread more
Forex Trading Education
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.
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 be no profitability.
Put in the time, expand your knowledge, and become a profitable trader. Don’t become a statistic! Become an individual that is educated!
You probably have heard about forex trading. You read and watch videos where people are talking about how you can make money trading forex. But what exactly is forex trading, and how can you enter the market as a Rwandan trader? There isn’t much info on how you can start forex trading in Rwanda. In this guide, we’ll walk you through the process of forex trading in Rwanda and tell you all the details you need to know. So make sure to stick till the end. Overview Rwanda’s economy has rapidly industrialized as a result of active government policies. Since the early 2000s, Rwanda has experienced an economic boom that has improved the living conditions of many Rwandans. In theread more
If you’ve looked into trading forex as Tanzanian and feel there can be an opportunity to make money, you may wonder what is the best way to get started. Well, your search ends here! In this guide, we’ll mention all the nitty-gritty of forex trading in Tanzania and how you can hop on the forex train. So, let’s get started! Overview Tanzania’s economy is based on agriculture and has a lower-middle-income level. Since 1985, Tanzania’s economy has been moving from a command economy to a market economy. Tanzania’s central bank, the Bank of Tanzania, was founded in 1966. Its primary role is to carry out monetary policies and strengthen the national economy. The BOT manages the foreign exchange fund, ensuringread more
The majority of beginner traders are charmed by stories of successful forex traders in Namibia. Many Namibians like the idea of forex trading but don’t know where to start. So, we decided it would be helpful to write a complete guide on forex trading in Namibia. If you are a forex aspirant based in Namibia, this guide is for you. Overview Namibia is a lower-middle-income country with a per capita GDP slightly higher than the average for Sub-Saharan African countries. The Bank of Namibia, contrary to common opinion, does not forbid online forex trading. Despite the fact that new rules and regulations for traders were implemented in late 2019, it is still very possible to trade forex and make moneyread more
Like many African countries, Kenya has recently turned its attention towards forex trading. Many young Kenyan traders are looking to start their trading venture but don’t where to start. Don’t fret, as, in this guide, we are going to tell you all the details you need to know about forex trading in Kenya. Hopefully, at the end of this guide, you’ll familiarize yourself with the nitty-gritty of forex trading. So, let’s get started! Overview Kenya has the third-largest economy in Sub-Saharan Africa, behind only Nigeria and South Africa, and is one of Africa’s most efficient economies. Kenya is regarded as the East African hub for commerce, finance, and technology. The young and tech-savvy population is eager to push the country’sread more
You’ve probably heard about the latest buzz surrounding forex trading in Nigeria. Those YouTube videos of successful traders earning six to eight figures a month make you want to trade. But you don’t know where to begin. In this guide, you’ll get to know all the bells and whistles to start your forex trading journey in Nigeria. Overview Many analysts consider Africa to have the world’s fastest-growing middle class, with Nigeria leading the way. The fact that Nigeria’s GDP per capita increased from $352 in 2001 to $3,222 in 2014 – a nearly 900 percent increase – is a strong indicator of the country’s growing prosperity. However, since 2014, the amount has dropped dramatically to a little less than $2,000.read more
Have you ever come across a situation where a random presidential tweet disrupts the USD, and the EUR/USD went wild? Chances are you have to face these kinds of situations. But why does this happen? Short answer; due to fundamental factors. Long answer; we’ll mention in this guide. So, let’s begin! What is fundamental analysis? Fundamental analysis is a method of analyzing the forex market by studying the economic, social, and political forces that influence currency prices. When you think about it, this makes perfect sense! As in Economics 101, supply and demand decide price, or in our case, the currency exchange rate. It is simple to use supply and demand to predict where prices can go. The difficult partread more
The most common question that pops up in a new trader head is, “what is technical analysis in forex“? They want to learn more about this type of analysis but don’t know where to start. Well, it’s your lucky day. As in this guide, we are going to dig deeper into technical analysis. So, if you are a beginner, this post can help you a lot. How did it start? Before beginning on technical analysis, it’s great to look back at the origins of technical analysis. Financial market technical analysis has existed for as long as economies have been dominated by supply and demand. The first historical records for Dutch merchants date from the 17th century, while Japanese rice tradersread more
Trading the currency market can seem like a daunting task if you don’t know where to start. Luckily, there are some practices; you can exercise to build your trading muscles. In this guide, we are going to talk about some of the best practices every trader should utilize when trading the forex market. 1. Ask yourself Before venturing on any quest, it is important to have a basic understanding of your destination and how you want to get there. As a result, it is important to establish specific goals and then ensure that your trading system can achieve these goals. Each trading style has a unique risk profile that requires a specific trading methodology in order to trade successfully. Forread more
After becoming familiar with the forex market, a thought that probably pops in your head is, “How can I design my own forex trading system”? But how would you do that? Surely, you are not thinking about designing a forex trading system by sauntering iron in your backyard! What you need to do is to follow these simple steps, which we’ll explain in this guide, and voila! So, let’s get started. 1. Determine your trading time When developing your system, the first thing you must determine is what kind of forex trader you are. Are you a swing or day trader? Do you enjoy looking at charts on a regular, weekly, monthly, or even yearly basis? How long do youread more