Basis Points is also known as bips or bps. It functions as a measurement unit for describing the overall percentage change in any financial instrument. You can also use the basis points for the measurement or rate of change in the index or other benchmarks. We would like to mention that one basis point equals 0.01% (1/100th of a per cent) or 0.0001 in the decimal form. In the same way, a fractional basis point, i.e., 1.5 basis points, is equal to 0.015% or 0.00015 in the decimal form. These basis points refer to changes in the interest rates or even the bond yields in most cases. Understanding the concept of basis points To help you know the practical usageread 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!
Do you know what the index point is? A market index point is a concept that is interlinked with the financial industry. You will see this term, commonly used in exchange centres all over the world. This can be the marketplace of bonds, stocks, or some financial securities or instruments. Before you gain a complete understanding of the market index points, it is important to know the meaning of a market index. What is an index? The index is all defined to be a statistical indicator. This indicator is used for providing some essential representation of any value of securities that constitutes it. One such example is “The S&P 500 Index”. This is what index is all about! What isread more
Often you do not fully understand what happens when you click the enter button on your trading account. You are mistaken if you think that your order is always filled instantly after you click the button. You might be amazed at the number of different methods an order might be filled and the time delays. Before digging deeper into order executions, it’s important to mention the types of market orders. Types of market orders a. Market orders Market orders are executed on the market in real-time at the current price. You’re telling the broker that you’re more concerned with getting into the market right now than with the spread. A market order allows you to open or close a traderead more
An order is an offer sent through your trading platform to open or close a transaction through predetermined instructions. This means that by placing orders, you’ll know how to enter or exit a trade. There are two types of orders you’ll come across in your trading journey; pending and market orders. Let’s explain each one of them in detail. 1. Pending orders A pending order is a trader’s direction to buy or sell a currency pair if specific preconditions are met. When a trader places a pending order, they are essentially telling their broker that they do not want the current market price but rather that they only want their order executed if the market price hits a particular level. Limitread more
As a trader, the most important role is to manage and protect your trading capital. How can we achieve this? By making use of a stop loss and take profit. If you lose all of your capital, there is no way to recoup your losses; you are out of the game unless you top up your account again. On the other hand, if you make pips, you must be able to hold them and not give them back to the market. Still, let’s be honest. The market always does what it wants and shifts in the direction it wants. Every day is a challenge, and almost everything from unexpected economic data releases, central bank policy speculation to presidential tweets canread more
Have you been wondering how much do I need to start forex trading in South Africa? Although you can start out with just a small amount of money, if you want to make big returns, you’re going to need a big balance. The amount of money you make trading will always be related to the size of your trading account, so if your account is too small, your returns will be the same. Trying to generate big returns with a small amount of money is a sure-fire way of ending up with a blown account, wiping out all your hard work, and we want to avoid that. It’s time to move on from the minimum deposit One of the greatread 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
When selecting the best major currency pairs traded in South Africa for beginners, you get reminded not to trade with multiple currency pairs simultaneously and instead trade with one or two currency pairs. By focusing on not more than two, you will gain knowledge and become successful with trading the major currencies in the long run. Once you become more confident and comfortable, you can increase your trading portfolio. What is a Currency Pair? A currency pair is a term that refers to the value of one country’s currency calculated based on another country’s currency. When trading a currency pair, you are buying one currency while simultaneously selling another, intending to profit on the difference. In other words, you’re buyingread more
There are four major Forex centres worldwide: New York, London, Tokyo, and Sydney. Because of their locations, they make Forex a 24-hour market. What time does the Forex market open in South Africa? Forex can get traded at any time of the day, 24/5, making it an over-the-counter (OTC) market. There’s no centralised forex exchange; therefore, you can trade Forex through banks, brokers, and market makers. When considering this, forex trading times get offered 24/5, meaning trading is over weekdays only, 24 hours a day. This can also be referred to as liquidity in the marketplace. By understanding the various trading times and when the best times to trade are, you’ll get to concentrate on your trading strategies. What Timeread more
We all wish there was a tree in our backyard from which we can pluck dollar bills. In this guide, we’re going to tell you how you can become a successful forex trader by following six easy steps. Unfortunately, our wish won’t be commanded, and we have to work smarter and harder to become successful. Many of us want to accelerate our trading game, but not all of us become successful. Why is that? Because we aren’t following the right approach to forex trading. 1. Don’t try to predict the market One of the most common mistakes new traders make is attempting to forecast what the market will do, which almost always leads to disappointment when they get it wrong.read more