logo |

News

    Home   >     Industry    >     Decode Global    >     Main body

    HOW DO I BEGIN TRADING FOREX?

    Abstract:Trading in the foreign exchange market, like any other career, necessitates specialized knowledge, abilities, and moral traits. So, how can you trade forex in South Africa and reach your goal?
    img_v2_3f94eea4-b97c-4127-9e11-54cb062864eg.jpg

      GET MORE INFORMATION ON FOREX

      Dedicate some time to mastering the fundamental principles, abbreviations, and features of the forex language, as it will simply assist you in understanding what a certain trading book, article, or video is about.

      While learning forex, being cautious about what you see and read is critical. There's a good probability you'll be distracted by some kind of dubious information at first, after which you won't have a clear comprehension of certain things.

      Whether it's forex trading classes, articles, books, or videos, you'll find all you need. JustForex stays up to date on all trading news, so you'll find a lot of interesting, and more significantly, high-quality content recommended by our professional team, who genuinely cares about how you start your trading career.

      LOOK FOR A TRUSTED BROKER

      In South Africa, there are many forex brokers to choose from, but not all of them adhere to the same trading standards. Determine the parameters you're looking for when picking a broker. Take into account your unique requirements, and you'll be able to identify not just your broker's best qualities, but also potential bottlenecks.

      The specific criteria to keep in mind to find a trusted broker are:

      review. Take the time to read the reviews on several independent platforms like Trustpilot. This gives you 100% carefully selected information about the terms and conditions of a particular broker. Pay 24 hours a day, 7 days a week. How to control the process. You can withdraw your money at any time. Leverage ratio. If you need to borrow a certain amount to invest, the broker is just to help you. Brokers can provide convenient leverage from 1: 1 to 1: 3000, making it easy to increase profits from trading activities. The amount of the deposit. This is very important for beginners as they want to start trading at a reasonable amount. Consider choosing a broker that fully supports this idea and offers the opportunity to start trading for just $ 1. Keep in mind that your rate of return depends heavily on the amount you have in your trading account. Bonus program. Such promotional programs allow traders to increase their deposits and gain better trading opportunities. In this way, you will be able to earn large amounts of money just to make your daily transactions. Tournament. You are all of us, all of us, and a good opportunity to receive valuable prizes for your trading activities. You need to pay attention to brokers who have a tradition of starting several contests every month. Low spread. Consider choosing a broker with reduced spreads, as this will only save you money. Trade with spreads starting at 0 pips. 24/7 support. Support is always dependable and cool when the broker understands its importance. Understanding involves experience. Simply open a transaction and make informed decisions. JustForex is one of the few brokers in the South African market that offers all of the above benefits. By the way, there is a good opportunity to start trading with the 120 position bonus promotion offered by the broker.

       Remember Trading Hours

      Yes, you can trade on the forex market at any time of the day or night. It should be noted here that there are four major forex trading sessions: the Sydney session, Tokyo session, London session, and New York session. Trading hours are very personal, so you need to choose the best time for you and your trading strategy. Starting with the

      Demo Account

      Demo Account is a great opportunity to learn from scratch how the world's financial markets are working. You will have the opportunity to master the world's most popular trading platforms MT4 or MT5 and prepare to work psychologically there. You don't have to worry about money while using your demo account as you are trading only with virtual funds. You won't lose anything here and you will get a lot in return.

      Trading with South African Forex Brokers You can start your trading journey by opening a trading account. The procedure is as follows:

      Please fill out the registration form. Select and open your trading platform (MT4 / MT5). Make a deposit and start trading. Read our daily forecasts and market overview to keep you up to date.

      Exploring the New Horizon

      Forex is available to anyone who wants to start trading without any experience. The main thing to remember here is that you start with a little money and spend your time learning every day. Both beginners and experienced traders believe it is important to trade with a trusted broker, JustForex, one of the leaders in the South African market. Millions of customers from 197 countries are ready to prove it. This is a broker that never stops offering and improving trading conditions that are favorable to clients around the world. Take the first step and become a global market player today.

    img_v2_0af20437-f106-4bea-ad0c-9beb8087d99g.jpg

    Read more

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.