Unlike the share trading where there is a central marketplace, the Forex market is decentralised. Therefore, you need a Forex broker and trading platform to help you place trades. The Forex Broker facilitates your trade and the platform is where you place your trades. If this sounds complicated. Please visit our ranked post on the […]
Forex has its own language, that is, special terminology. If you don’t want to be embarrassed in front of other traders, it’s useful to know that a pip is not a seed in an orange, and execution is not about playing Russian roulette. Currency Pair It is the quotation of one currency unit against another […]
Like with ice cream, everyone has their favorite. The same goes for traders, everyone has their own preferred trading style. Some traders may open one or two trades a week where other traders use of intraday trading or scalping. In this lesson, we look at the different trading styles and help chose the best trading […]
So, we have learnt that you can trade Forex anytime time of the day or night during the week. There are times when liquidity and volume is higher and these are the best times to trade. In this lesson, we look at best trading times in South Africa. There are 4 main Forex trading sessions with opening/closing hours […]
You Don’t need a Million Rand to Start Forex Trading Unlike share trading where you need a decent amount of money to invest, Forex trading allows you to start with as little as nothing. I say nothing because some Forex Brokers such as AvaTrade will give you R400 just to open an account and you […]
So, what is Forex trading? Well it is quite simple. It means exchanging one currency for another. That’s it! The Forex market is the largest financial market in the world! Forex or FX means foreign exchange. Currencies are traded in pairs. Remember when you went overseas and bought Pound Sterling with your South African Rand […]