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.

happy african learner doing forex trading course on pc

Forex Terminology

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.

Education First

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!

MetaTrader 4 – What is MT4?

What is MetaTrader 4 (MT4)

What is MetaTrader 4? MT4 or MetaTrader 4 is the most popular forex and CFD trading platform in the world. If your broker doesn’t offer MT4, run the other way. MT4 was first released in 2005 and though Metaquotes then followed up with MT5 in 2010, most traders to this day have stuck with the trusty MT4. MT4 is possibly one of the most well-designed software packages ever developed with errors and crashes being almost unheard of. The mobile version released in 2012 only added to the program’s popularity, making forex and CFD trading even more accessible. Installing Metatrader 4 Once you’ve signed up for a demo or live account with your forex or CFD broker, they will send you

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MetaTrader 5 – What is MT5?

metatrader 5 what is mt5

MetaTrader 5 is a multi-asset, multi-functional trading platform used by traders from around the world. The platform features extensive in-depth functionality with multiple add-ons through its vast marketplace of third-party providers, ranging from conducting fundamental and qualitative to technical and quantitative research. If you haven’t heard of MT5, clearly, you are living under a rock. In this guide, we’ll try to break down what MT5 is and how it can help you in your trading journey. Origin of MT5 Let’s give you a bit of a history lesson before digging deeper. MT5 was launched in 2010 to accommodate non-forex markets, particularly stocks, futures, and commodities, which are centralized trading exchanges. Its predecessor, MT4, was launched in 2005 mainly for trading

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cTrader- A Good Trading Platform?

cTrader forex trading platform

After its initial release with FxPro, cTrader has been the platform of choice for a number of other leading ECN brokers. It is often compared with its rivals MT4 and MT5 for functionality and ease of access. If you are wondering what the hell is cTrader, then this guide is for you. We are going to break down what cTrader is and what are some of its key features. What is cTrader? Spotware Systems Ltd, an award-winning fintech provider, created the cTrader platform. The platform is designed specifically for use with ECN (Electronic Communication Network) brokers. cTrader was developed to address the specific needs of no-dealing-desk brokers; as a result, the trading platform includes a number of resources that significantly

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Forex Trading App – Trading Simplicity?

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, make

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Japanese Candlesticks Explained

Japanese Candlesticks Explained

The traders use the Japanese Candlesticks to construct charts and analyse the price movement of financial instruments. The Japanese candlesticks were introduced by a Japanese rice trader named Munehisa Homma. While trading rice, Homma realised that the market was affected by the traders’ emotions and determined the demand and supply effect on the price of rice. So by acknowledging both the emotions of traders and fluctuation in the price of rice because of the demand and supply effect, Homma developed Japanese candlesticks. This tool displayed the nature of price movement graphically by displaying different colours to show the difference. Therefore, the traders also use the Japanese candlesticks to locate the price movement to make short term decisions in the market.

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Bar Candles Explained

Bar Candles Explained

We are sure you probably have heard about the forex candlestick patterns. But, along with the candlestick patterns, there are bar candles that some traders use in their trading. In this guide, we’ll dig deeper into what bar candles are and how you can use them in your trading strategies. What are bar candles? A bar candle is a charting style that depicts price action over a specific period. Each bar represents the opening, high, low, and closing prices for the chosen period. This is also known as OHLC pricing. Unlike conventional candlesticks, which a Japanese rice trader brought, bar candles are a Western creation. Before the introduction of candlestick charts, they were the primary charting style preferred by American

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Line Graph Explained

In forex trading, there are different types of charts that help you visualise price patterns. One such chart is the line graph. If you are looking to trade with the line graph, make sure to stick with us till the end, as we discuss all the nuances of the line graph. What is a line graph? A line graph is the most basic and basic form of forex chart used to evaluate financial markets. The line chart is sometimes known as a close-only chart because it displays the underlying pair’s closing price. In addition, it has a line that connects the dots formed by the close price. A graph in this chart can provide price data for the underlying currency

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Tick Chart Explained

Tick Charts Explained

As a trader, you use a wide variety of charts to analyse markets. If you are a long-term trader, you may use daily charts to get a sense of the big picture while using hourly charts to plot entries and exits. If you are a short-term trader, you may go as small as using 1-minute charts to trade price action. Most charts, however, are time-based, and traders’ cycle through different timeframes to match their specific strategy or preferred time horizon. But what if your goal was to trade on the smallest transaction level? What if you wanted to trade price not on the level of time but on the level of each transactional tick? This is where tick charts come

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How to design a Forex Trading System?

forex trading system

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 you

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Which are the Best Forex Indicators to Use?

best forex indicators to use for trading

If you are new to forex trading, technical analysis can be like solving a complex algebraic equation. There are thousands of different technical indicators to put on your charts, and when trading the forex markets, choosing the right indicator can make or break your trading strategy. In this guide, we’ll talk about what are some of the best technical indicators you can utilize. What makes a good indicator? Technical forex indicators are not all effective among traders. Some are only used in specific situations, others are used by derivatives traders, and a few can be seen on the screens of most technical traders. A great forex indicator, in general, has wide applicability to many traders, gives straightforward signals that can

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Trade Nation TN Logo

$1 Minimum Deposit

Trade Nation TN Logo

$1 Minimum Deposit

South Africa's Top 4 Brokers

Minimum
Deposit

USD1

Welcome Bonus

N/A

Minimum
Deposit

USD100

Welcome Bonus

25%

Minimum
Deposit

USD100

Welcome Bonus

100%

Minimum
Deposit

USD10

Welcome Bonus

10%

South Africa's Top 4 Brokers

Trade Nation TN Logo

Minimum Deposit

USD1

Max. Leverage

1:200

Welcome Bonus

N/A

Markets.com Logo

Minimum Deposit

USD100

Max. Leverage

1:300

Welcome Bonus

up to 25%

Axiance-Logo

Minimum Deposit

USD100

Max. Leverage

1:500

Welcome Bonus

100%

Exness Logo

Minimum Deposit

USD10

Max. Leverage

1:2000

Welcome Bonus

up to 10%