What is Forex?

You've most likely heard of the term forex but assumably have no idea what the fuss is. Continue reading to find out what is forex and what you need to have an understanding of the basics. Forex is also known as FX or foreign exchange and is a network of sellers and buyers who trade single currencies for others at a price that's agreed upon. Earning a profit is the primary purpose of currency trading. Foreign exchange trading takes place on the foreign exchange market, otherwise known as the forex market. You will probably have been making a forex transaction if you have travelled outside the country. When the quantity of currency gets converted every day, volatility exists, which affects price movement. The volatility appeals to traders, as with risk increases, they can get high profits.

How much do I need to start Forex trading in South Africa?

Have you been looking at trading, but wondering how much do I need to start forex trading in South Africa? If the answer is yes, then this article is for you. Though you don’t need much money at all to get started, investing properly in yourself will make your job a lot easier - returns are always relative to the size of your investment and if you want to get serious about trading, you need to make a serious investment. Trading a small balance will encourage you to take unnecessary risks and will lead to nothing but blown accounts and money down the drain.

Forex Trading Strategies

Would a great general go into battle without a strategy? No, and nor should you go into the market unprepared. Sound forex trading strategies are what separate the pro’s from the losers. You may win a few battles in forex without a solid game plan, but the war will almost certainly overcome you. If your goal is to be a market grizzled veteran, still standing, still growing your wealth long after your adversaries' corpses have rotted and returned to the earth, you’re going to need to develop a profitable forex trading strategy, and you’re going to need to develop the courage and resolve required to stick to it.

What Time does the Forex Market Open in South Africa

New York, Tokyo, London, and Sydney are the four Forex centres of the world, and because of their location, Forex trading is a 24-hour market. An over-the-counter (OTC) market means that Forex can get traded 24 hours a day, 7 days a week. Since all forex exchange gets traded electronically and is not centralized, you can trade through brokers, banks, and market makers.

How to Trade Forex for Beginners?

Forex trading might be a foreign concept for you, but it is an excellent opportunity to make money, and to do this, you need to get educated in Forex trading. Knowing how the different markets and methods work will help you minimize your risk and set yourself up for success. Let's discuss how to trade Forex for Beginners. Firstly, what is Forex?

What is NAS100 (NASDAQ 100)?

The NAS100 is a predominantly US equity index composed of the largest stocks listed on the NASDAQ stock exchange, excluding financials. The 100 largest financial stocks make up a separate index, the NASDAQ Financial 100.

How to Trade Forex?

Have you ever wanted to learn how to trade forex? Forex trading can be a great side hustle to supplement your income and one day you could maybe even trade professionally full time. Starting out trading can be a little scary so we are here to help with all you need to know to dive straight in.

What is a Pip in Forex?

If you have been trying to select a forex broker you’ve likely seen the word pip more than a few times. So what is a forex pip? Well, a pip is an acronym for Percentage in Point and it is a unit of measurement for expressing changes in the value of a currency pair. These days most brokers quote forex pairs to 5 decimal places, but in the past just 4 decimal places was common - a pip is the 4th decimal place in your currency pair quote, whilst a point is the 5th. For a pair like USDJPY which is generally quoted to just 3 decimal places, the second decimal is the pip and the third is the point. Pips are necessary due to the amount of leverage used in the forex market, a seemingly small number of pips can be worth quite a lot of money once levered

What is Forex Trading?

Ever wondered what forex trading is and what all the fuss is about? Forex trading involves speculating on moves in the global currency markets, the largest financial markets in the world with more than 5 trillion USD per day in trading volume. The foreign exchange market is larger than all of the world’s stock markets combined and is open 24/5, offering endless opportunities for savvy forex traders.

What is Spread in Forex?

When trading forex, the price you will get for buying or selling is always slightly different, this difference is called the spread. Highly liquid pairs like EURUSD will usually have very tight spreads, whilst less liquid pairs like USDZAR will generally have wider spreads.

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