Platform Insight

In the last decade, FX trading volume has more than doubled. Despite the fact that the majority of the $5 trillion in daily trading occurs over-the-counter between banks, private customers, and on exchanges, the world is moving towards modernity. Although demo accounts are not part of the trading volume, can it be beneficial or simply a way for brokers to lure in traders? Consumers are increasingly using digital platforms to compare multiple dealing desk rates. These quotes are almost always offered on digital platforms to increase the accuracy and per point pricing to a fraction of a cent. A lot of the regulators have tightened their regulatory requirements, which encourages the development of Forex trading in a controlled and fair environment. The European Commission demands that brokers demonstrate that they are trading at the best prices and leave clear audit trails. CFDs and forward contracts have become more popular, boosting liquidity.
Leonardo Pisano Borgollo was an Italian mathematician that presented the Fibonacci sequence to the west in the thirteenth century. This series of numbers has unique properties that can be found in nature, architecture, and biology, especially famous in rabbit population growth. The properties of the Fibonacci sequence are also found in the financial world. For example, traders often use the Fibonacci sequence to find probable turning points.
There are many types of orders in trading. Orders are instructions given by the trader to the broker to either buy or sell. Many combinations can be made depending on the trader’s strategy, but there are only two ways of executing those orders. Although this is basic trading knowledge, some people confuse trading types of orders with order executions. If you don’t want to be one of those people who don’t know what they are talking about, keep reading because here we will explain the types of order executions.
Price action refers to the movement of the price over time. It is used to analyse a security, index, commodity, or currency performance to predict where the price may go in the future. It is the base of all trades, and many traders use the price action analysis alone to define their strategy. In fact, technical analyses are a derivation of price action trading since they use trends to define the formulas used to make the decisions. For many years, traders have been trying to find patterns in the price chart to predict which way the trend will head. Then, based on those predictions, the trader will make his decisions and profit from the trade.
Trading is not all about numbers. You cannot measure everything nor calculate precisely what will be the outcome of your transactions. But you definitely can try, and the closer you get, the better. Moving Averages are quite popular among traders. Let's explore more in this article.
The law of supply and demand explains the variation in prices for any asset or a product in the world. Basically, it says that if many people want a product and the market cannot meet the demand, the price of that product increases to its equilibrium point. The reverse is also true. When there is a surplus of a product in the market due to low demand, the price of this product decreases until it becomes attractive to buyers.
Trading is buying and selling, how these operations are carried out, and the timing is what distinguishes a good trader from a rookie. The basic operations executed by traders can be classified into two main types: Market orders and pending orders. The correct use of these order types gives us better entries and exits to obtain greater profits and limit losses. For this reason, we must understand what they both consist of. Once we understand what each type of order consists of, we will know how to use them in our favour and decide which one to use in each situation.
Have you considered trading forex, but found yourself stuck wondering how to choose a forex broker? Commission or no commission? Fixed spread or variable spread? Local or foreign? Regulated or unregulated? There’s a lot to consider when choosing a forex broker and it can all be a little bit daunting when you’re just starting out so we’ve created this handy guide to teach you all you need to know and get you to select the best forex broker first go.
Are you based in South Africa and looking for a side hustle or change of career? Have you considered forex trading in South Africa? It’s very easy to start forex trading in South Africa as we have local forex brokers that give you access to the global market with low minimum deposits and Rand denominated accounts so you don’t have to worry about annoying bank wire and currency conversion fees. Another great thing about forex trading in South Africa is local time is very close to that of Europe and lots of forex trading activity takes place in European daylight hours.
"Trading on margin" is another way of saying that you are borrowing money from your broker. This gets done to increase your market's exposure. The money will get borrowed by your broker, and the leverage ratio that gets used will determine the amount, with the collateral being a fraction of your trading account. This gets referred to as margin for that trade.

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