Becoming the best forex trader in South Africa requires a combination of strong technical and fundamental analysis skills, disciplined risk management, and a deep understanding of the South African financial markets. Here are some steps that can help you on your journey to becoming a top forex trader in South Africa:
According to Bismarck Rewane, managing director/chief executive officer of Financial Derivatives Company Limited, the value of the Nigerian naira is expected to rise to N680 per dollar this year.
While the forex market is becoming more regulated, deceptive brokers have also started finding new ways to scam investors.
Genesis Global Capital, a cryptocurrency lender, is expected to file for bankruptcy as soon as this week, according to Bloomberg News, citing individuals familiar with the issue.
The top forex brokers in Indonesia according to their risk management and compliances regulated by Indonesia's financial regulator (BAPPEBTI).
The restoration of China's economic activities is predicted to result in a total surplus of $836 billion. As other major central banks continue to tighten policy, fears of a worldwide recession may diminish. Skeptics, on the other hand, are concerned that a hawkish Federal Reserve will continue to control financial markets and the global economy.
The Financial Conduct Authority (FCA), the UK's financial watchdog, has published a fresh batch list of unlicensed businesses suspected of providing financial services to consumers in the UK and other countries.
Similar to conventional financial scams, cryptocurrency scams target your crypto assets rather than your money.
Vantage Markets introduces their newly appointed brand ambassador "SuperCar Blondie" with a goal is to combine their respective expertise to provide accessible and relevant financial education on Vantage's platforms as well as Supercar Blondie's online education channel, Xplained.
Winning award means being recognized - the same is true in the forex market. And that's why many brokers like to prove themselves as trustworthy company by showing their awards.
The Reserve Bank of India warns the locals to avoid dealing with unauthorized online trading entities, which are listed below, due to a lack of compliance.
You are cautioned not to trade with many currency pairs concurrently and to instead trade with one or two currency pairings when choosing the finest major currency pairs traded in South Africa for beginners. You will learn and eventually succeed with trading the major currencies if you concentrate on no more than two. You can expand your trading portfolio as soon as you feel more secure and at ease.
Forex scams are unfortunately a common occurrence in the foreign exchange market, and South Africa is no exception. These scams are often perpetrated by unscrupulous individuals or companies that aim to take advantage of unsuspecting investors by offering unrealistic or fraudulent investment opportunities.
According to Reuters, the formerly bankrupt crypto exchange FTX claimed unknown hackers had stolen about $415 million in cryptocurrency in response to a report that FTX gave to creditors on Tuesday.
Today, we discuss how shabby brokers like UPTOS defrauds investors and what you should do to prevent yourself from falling into their trap.
According to the Public Relations Department of Phuket, A Singaporean, Daryl Cai Yonghui, who gets involved in a $600 million forex scam has been arrested at the Phuket International Airport on January 16, 2023, at about 10:30 a.m.
It is crucial to check these brokers on the WikiFX app before choosing one. A forex broker search tool called WikiFX lets users rank and review firms. Additionally, traders may keep up with the most recent currency news and education. Both the appstore and playstore offer the WikiFX application.
Trading can be a lucrative and rewarding career, but it is not without its challenges. To become a profitable trader in South Africa, you will need to develop a solid foundation of knowledge, skills, and discipline. Here are some steps you can take to increase your chances of success in the market:
Finding a forex trading mentor in South Africa can be a challenging task, as it requires finding someone who is not only knowledgeable and experienced in the forex market, but also willing to share their knowledge and expertise with others. However, there are a few steps you can take to increase your chances of finding a suitable mentor.
FCA has released a warning statement to alert the public about scam online trading brokers with domain aliases; they are the same company. The FCA encourages the public to report any trading scams as soon as possible so that it can take appropriate action.