Forex Trading South Africa | TradeForexSA

Forex Trading South Africa

Forex Trading South Africa submitted by SmartTradeCollegeZA to u/SmartTradeCollegeZA [link] [comments]

How to trade Forex in South Africa

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Top 5 richest forex trading Millionaires in South Africa #2018

Top 5 richest forex trading Millionaires in South Africa #2018 submitted by mintinfo to AfroConscious [link] [comments]

Online forex and trading platform ThinkMarkets launching in South Africa

Online forex and trading platform ThinkMarkets launching in South Africa submitted by SAtechnewsbot to SAtechnews [link] [comments]

Meet South Africa's Youngest Self-Made Millionaire Who Traded His Tuition And Scored USD 2.3 Mn In Forex

Meet South Africa's Youngest Self-Made Millionaire Who Traded His Tuition And Scored USD 2.3 Mn In Forex submitted by weetracker to u/weetracker [link] [comments]

Meet South Africa's Youngest Self-Made Millionaire Who Traded His Tuition And Scored USD 2.3 Mn In Forex

Meet South Africa's Youngest Self-Made Millionaire Who Traded His Tuition And Scored USD 2.3 Mn In Forex submitted by weetracker to u/weetracker [link] [comments]

Forex Trading South Africa

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Forex Trading South Africa Why is forex trading considered as a scam in south Africa? I'm realy concern, when will south africa smell the coffee!

Forex Trading South Africa Why is forex trading considered as a scam in south Africa? I'm realy concern, when will south africa smell the coffee! submitted by Aldrin100 to u/Aldrin100 [link] [comments]

[Business] - Barclays, Citi helped South Africa with forex trading probe - sources

[Business] - Barclays, Citi helped South Africa with forex trading probe - sources submitted by AutoNewsAdmin to REUTERSauto [link] [comments]

[Business] - Barclays, Citi helped South Africa with forex trading probe - sources | REUTERS

[Business] - Barclays, Citi helped South Africa with forex trading probe - sources | REUTERS submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

Barclays, Citi helped South Africa with forex trading probe - sources

Barclays, Citi helped South Africa with forex trading probe - sources submitted by ocamlmycaml to EconNews [link] [comments]

Johannesburg, South Africa learn forex trading for beginners

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Forex Trading in Kenya.

Someone posted on here a few days ago asking about forex and forex trading in Kenya, I have gone through the responses and clearly, most people don’t have an idea. It is 3am in the morning and am in a good mood so let me make this post. This will be a comprehensive and lengthy post so grab a pen and paper and sit down. We’ll be here a while.
FIRST OF ALL, who am I..?
I am a forex trader, in Nairobi, Kenya..i have been actively involved in forex since I found out about it in Feb 2016 when I somehow ended up in a wealth creation seminar (lol) in pride inn Westlands, the one close to Mpaka Rd. Luckily for me, it was not one of those AIM global meetings or I’d be on Facebook selling God knows what those guys sell. I did not take it seriously till August of the same year and I have been active ever since.
I don’t teach, mentor or sell a course or signals, I trade my own money. I am also posting from a throwaway account because I don’t want KRA on my ass.
What the fuck is forex and forex trading.
In simple plain English, forex is like the stock market but for currencies. Stock Market = Shares, forex = currencies. If you want more in-depth explanation, google is your friend.
These currencies are pegged on specific countries, united states- dollar, UK- pound, euro zone- euro, Switzerland- Swiss franc, Kenya- Kenya shilling.. you get the point. Now, there are specific events and happenings between these economies that affect the movement and values of the currencies, driving their value (purchasing power up and down). Forex trading exploits these movements to make money. When the value is going up, we buy and vice versa (down –sell)
Is forex trading illegal in Kenya? Is it a scam?
Illegal, no. scam, no. All the banks in the world do it (KCB made about 4 billion from trading forex in 2019)
Have there been scams involving forex in Kenya?
Yes. Here is one that happened recently. This one is the most infamous one yet. Best believe that this is not the end of these type of scams because the stupidity, greed and gullibility of human beings is unfathomable.
However, by the end of this post, I hope you won’t fall for such silliness.
What next how do I make it work..?
Am glad you asked. Generally, there are two ways to go about it. One, you teach yourself. This is the equivalent of stealing our dad’s car and hoping that the pedal you hit is the brake and not the accelerator. It is the route I took, it is the most rewarding and a huge ego boost when you finally make it on your own. Typically, this involves scouring the internet for hours upon hours going down rabbit holes, thinking you have made it telling all your friends how you will be a millionaire then losing all your money. Some people do not have the stomach for that.
The second route is more practical, structured and smarter.
First Learn the basics. There is a free online forex course at www.babypips.com/learn/forex this is merely an introductory course. Basically it is learning the parts of a car before they let you inside the car.
Second, start building your strategy. By the time you are done with the babypips, you will have a feel of what the forex market is, what interests you, etc. Tip..Babypips has a lot of garbage. It is good for introductory purposes but not good for much else, pick whatever stick to you or jumps at you the first time. Nonsense like indicators should be ignored.
The next step is now the most important. Developing the skill and building your strategy. As a beginner, you want to exhaust your naivety before jumping into the more advanced stuff. Eg can you identify a trend, what is a pair, what is position sizing, what is metatrader 4 and how to operate it, what news is good for a currency, when can I trade, what are the different trading sessions, what is technical analysis, what is market sentiment, what are bullish conditions what is emotion management, how does my psychology affect my trading (more on this later) an I a swing, scalper or day trader etc
Mentors and forex courses.. you have probably seen people advertising how they can teach and mentor you on how to trade forex and charging so much money for it. Somehow it seems that these people are focused on the teaching than the trading. Weird, right..? Truth is trading is hard, teaching not quite. A common saying in the industry is “Those who can’t trade, teach” you want to avoid all these gurus on Facebook and Instagram, some are legit but most are not. Sifting the wheat from the chaff is hard but I did that for you. The info is available online on YouTube, telegram channels etc. am not saying not to spend money on a course, if you find a mentor whose style resonates with you and the course is reasonably priced, please, go ahead and buy..it will cut your learning curve in half. People are different. What worked for me might not work for you.
Here are some nice YouTube channels to watch. These guys are legit..
  1. Sam sieden
  2. Cuebanks
  3. TheCoinFx
  4. The trading channel
  5. Astro
  6. Forex family
  7. Wicksdontlie
Advanced stuff
  1. ICT
After a short period of time, you will be able to sniff out bs teachers with relative ease. You will also discover some of your own and expand the list. Two tips, start with the oldest videos first and whichever of these resonates with you, stick with till the wheels fall off.
How long will it take until things start making sense
Give yourself time to grow and learn. This is all new to you and you are allowed to make mistakes, to fail and discover yourself. Realistically, depending on the effort you put in, you will not start seeing results until after 6 months. Could take longeshorter so there is no guarantee.
Social media, Mentality, Psychology and Books
Online, forex trading might not have the best reputation online because it takes hard work and scammers and gurus give it a bad name. However, try to not get sucked into the Instagram trader lifestyle as it is nowhere close to what the reality is. You will not make millions tomorrow or the day after, you might never even make it in this market. But that is the reality of life. Nothing is promised, nothing is guaranteed.
Your mentality, beliefs and ego will be challenged in this market. You will learn things that will make you blood boil, you will ask yourself daily, how is this possible, why don’t they teach this in school..bla bla bla..it will be hard but growth is painful, if it wasn’t we’d all be billionaires. Take a break, take a walk, drink a glass of whatever you like or roll one..detox. Chill with your girl (or man) Gradually you will develop mental toughness that will set you up for life. Personally, I sorta ditched religion and picked up stoicism. Whatever works for you.
Psychology, this is unfortunately one of the most neglected aspects of your personal development in this journey. Do you believe in yourself? Can you stand by your convictions when everyone is against you? Can you get up every day uncertain of the future? There will be moments where you will question yourself, am I even doing the right thing? the right way? It is normal and essential for your growth. People who played competitive sports have a natural advantage here. Remember the game is first won in your head then on the pitch.
Books: ironically, books that helped me the most were the mindset books, Think and grow rich, trading for a living, 4 hour work week, the monk who sold his Ferrari..just google mindset and psychology books, most trading books are garbage. Watch and listen to people who have made it in the investing business. Ray Dalio, warren, Bill Ackman and Carl Icahn.
This is turning out to be lengthier than I anticipated so I’ll try to be brief for the remaining parts.
Brokers
You will need to open up an account with a broker. Get a broker who is regulated. Australian ones (IC Market and Pepperstone) are both legit, reliable and regulated. Do your research. I’d avoid local ones because I’ve heard stories of wide spreads and liquidity problems. International brokers have never failed me. There are plenty brokers, there is no one size fits all recommendation. If it ain’t broke..don’t fix it.
Money transfer.
All brokers accept wire transfers, you might need to call your bank to authorize that, avoid Equity bank. Stanchart and Stanbic are alright. Large withdrawals $10k+ you will have to call them prior. Get Skrill and Neteller if you don’t like banks like me, set up a Bitcoin wallet for faster withdrawals, (Payoneer and Paypal are accepted by some brokers, just check with them.)
How much money can I make..?
I hate this question because people have perceived ceilings of income in their minds, eg 1 million ksh is too much to make per month or 10,000ksh is too little. Instead, work backwards. What % return did I make this month/ on this trade. Safaricom made 19.5% last year, if you make 20% you have outperformed them. If you reach of consistency where you can make x% per month on whatever money you have, then there are no limits to how much you can make.
How much money do I need to start with..?
Zero. You have all the resources above, go forth. There are brokers who provide free bonuses and withdraw-able profits. However, to make a fulltime income you will need some serious cash. Generally, 50,000 kes. You can start lower or higher but if you need say 20k to live comfortably and that is a 10% return per month, then you can do the math on how big your account should be. Of course things like compound interest come into play but that is dependent on your skill level. I have seen people do spectacular things with very little funds.
Taxes..?
Talk to a lawyer or an accountant. I am neither.
Family? Friends?
Unfortunately, people will not understand why you spend hundreds of hours watching strangers on the internet so it is best to keep it from them. Eventually you will make it work and they will come to your corner talking about how they always knew you’d make it.
The journey will be lonely, make some trading buddies along the way. You’d be surprised at how easy it is when people are united by their circumstances (and stupidity) I have guys who are my bros from South Africa and Lebanon who I have never met but we came up together and are now homies. Join forums, ask questions and grow. That is the only way to learn. Ideally, a group of 5-10 friends committed to learning and growth is the best model. Pushing each other to grow and discovering together.
Forex is real and you can do amazing things with it. It is not a get rich quick scheme. If you want a quick guaranteed income, get a job.
And now it is 5am, fuck.
This is oversimplified and leaves out many many aspects.
Happy to answer any questions.
submitted by ChaliFlaniwaNairobi to Kenya [link] [comments]

If Forex is not a sure thing, why are people still doing it?

Hi Guys
So I am A newbie in this I’ve been learning for 2 months since the lock down started in my country (South Africa). Ive been enjoying it so far.
I’ve been wanting to get into forex trading for a very long time but there’s a lot of things that have put me off it. I decided to bite the bullet since I’d be having all this time on my hands and decide to learn it. I have nothing to lose yet. But I see so many people hoping to gain some sort of life from forex trading cause it’s all they have left in a situation where their backs are up against the wall. They aren’t expecting to get rich from it but to just have a decent life from it (like I am) but I see sooo many comments of how difficult it is to even just make it a tad bit which worries me as well. I’ve seen people in it for so many years and they are still no where close to the consistency of where they’re hoping to be.
My question is, why are you all still in it despite having been in it for so long not seeing the results you hoped for. What keeps bringing you back and trying again?
I thankfully have a mentor who shares his signals with me but I know there will be a time where I’ll have to go at it alone... which worries me. I understand my psychology has to be run like a tight ship to be able to handle this industry but what is the healthiest amount realization do you have to hold on to. Because you can be all tight ship in your psychology but isn’t there also a thin line between confidence in your strategy and then being delusional??
I look forward to your response.
Keep well and stay safe during these times.
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FXGM ZA - New Broker Review

FXGM ZA - New Broker Review

https://reddit.com/link/hl7j4h/video/2mdpqwdfpv851/player
Forex broker – FXGM ZA at https://forexsouthafrica.wordpress.com/2019/03/11/fxgm-co-za-review/
The Forex market has different players. This time I want to present you with a new Forex broker - FXGM ZA. This broker is a South Africa online trading broker operated by FXGM South Africa (Pty) Ltd. The company operates only in South Africa and functions within the South African applicable laws and regulations.
submitted by forexsouthafrica to u/forexsouthafrica [link] [comments]

FXGM ZA: New Broker Review

FXGM ZA: New Broker Review

https://preview.redd.it/x5eg9y3lb2951.png?width=800&format=png&auto=webp&s=4034eeaee665152d84acb664a2de8f5bd646db27
Forex broker – FXGM ZA at https://forexsouthafrica.wordpress.com/2019/03/11/fxgm-co-za-review/
The Forex market has different players. This time I want to present you with a new Forex broker - FXGM ZA. This broker is a South Africa online trading broker operated by FXGM South Africa (Pty) Ltd. The company operates only in South Africa and functions within the South African applicable laws and regulations.
submitted by forexsouthafrica to u/forexsouthafrica [link] [comments]

Sincere Review of Ubanker Nigeria: Is It a Scam or Legit?


https://reddit.com/link/hha3ap/video/dd209oe5ol751/player
Ubanker nigeria - https://unews.tv/2020/05/15/sincere-review-of-ubanker-nigeria-is-it-a-scam-or-legit/
Ubanker is a registered forex broker that has helped countless traders achieve their trading goals in most African countries, including countries like South Africa, Uganda, and Kenya. Now the company is present in Nigeria but the question still remains, “is Ubanker legit or a scam?”
submitted by conyersmooney to u/conyersmooney [link] [comments]

Trading View (Request)

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You can effectively track stock market and major global indices such as the NASDAQ Composite, S&P 500 (SPX), NYSE, Dow Jones (DJI), DAX, FTSE 100, NIKKEI 225, etc. You can also learn more about exchange rates, oil prices, mutual funds, bonds, ETFs and other commodities.
TradingView is the most active social network for traders and investors. Connect with millions of traders from around the world, learn from the experiences of other investors and discuss trading ideas.
Advanced Charts TradingView has excellent charts that surpass even desktop trading platforms in quality — all for free. No compromises. All of the features, settings and tools of our charts will also be available in our app version. Over 10 types of charts for market analysis from different angles. Starting with an elementary chart line and ending with Renko and Kagi charts, which focus heavily on price fluctuations and barely take time into account as a factor. They can be very useful for determining long-term trends and can help you earn money.
Choose from a large selection of price analysis tools, including, but not limited to, indicators, strategies, drawing objects (i.e. Gann, Elliot Wave, moving averages) and more.
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Playstore Link: https://play.google.com/store/apps/details?id=com.tradingview.tradingviewapp
Mod Features: Additional indicators available in pro version of this app
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Worldbank Website Directory

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submitted by Giuelith to SwedenOutdoors [link] [comments]

Worldbank Website Directory

Meta Description: Directory Submission and SEO (Search Engine Optimization) - Since every new domain gets put in the search engines TrustBox, since they favor links from trusted sites. This is a part of the TrustRank equation within the algorithm. Worldbank Directories play a very important roll in getting good quality inbound links that help your site to get out. List your website.
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http://worldbank.nu
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http://www.forexmarket.site/index.php?page=en-Latest+Sites
http://www.forexmarket.site/index.php?page=en-Add+Your+Site
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http://www.forexmarket.site/index.php?page=en-Top+Rated
http://www.forexmarket.site/index.php?page=en-News
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submitted by Giuelith to WEB20BACKLINK [link] [comments]

Worldbank Website Directory

Meta Description: Directory Submission and SEO (Search Engine Optimization) - Since every new domain gets put in the search engines TrustBox, since they favor links from trusted sites. This is a part of the TrustRank equation within the algorithm. Worldbank Directories play a very important roll in getting good quality inbound links that help your site to get out. List your website.
Meta keywords: worldbank, worldbank.nu, link directory, worldbank directory, article directory, website directory, seo, sem, search engine optimization, search engine marketing, advertising, marketing, digital marketing, internet advertising, web 2.0 directory, open source directory, business listing, business directory, trade directory, b2b trade, b2b suppliers, manufacturers, directories, machinery, forex market, cryptocurrency directory, blockchain directory, trading, investing, trust holdings, bond fund, fundmanager, mutual fund directory, stock trading, commodity market, commodities, beverage network, trade chain, wealth club, business to business, ai lab, ai, big data, internet of things, iot, film database, factories, jobs, job portal, employment agency, government agencies, government departments, finder, search engine, pay per click advertising, mailer, web traffic, target web traffic, banking, bank company, bank association, fund association, mutual fund association, insurance association, organizations, humanitarian organization, aid organization, emergency management, information, website information, blog posting, forum posting, free forum, high authority backlink, business marketing, world market, world center, tourism organization, toruist companies, companies register, register company, company register, internet register, e-money, centralbank, campaigns, politics, media, journalism, investing, investors, investments, angel investors network, fundraising, crowdfunding, platform, oil industry, mining industry, mining directory, industries, solar energy, energy companies, seo companies, internet service providers, travel companies, manufaturer directory, city guide, cities of the world, country register, national directory, universities, all universities, european directory, pan asia banking, singapore bank, singapore directory, chinese companies, russian business register, china business, china trade, china export, china import, export companies, import companies, trade companies, job boards, employment agency, breweries, brewery directory, solutions, marketing solutions, television marketing, radio marketing, movies, filmmakers, directors, corporate bonds, social sciences, research, sciences, health sciences, medical care, healthcare, pandemic, coronavirus, celebrities, celebrity, famous celebrities, sports, elite, football, soccer, outdoors sports, outdoor gear, camping, rv, vacation resorts, travel resorts, summer vacation, travel directory, hotels, hotel directory, selling, sales directory, agency, intelligence, business intelligence, business information, military, defense company, military intelligence, email marketing, te, bookstores, shopping directory, compare shopping, shops, workshops, mining companies, airlines, aircraft, automobiles, auto market, autos, trucks, truck market, truck manufacturer, logistics, transport companies, trucking, shipping companies, baltic dry index, brazil, russia, south africa, china, thailand, myanmar, hongkong, stockexchange, exchange rates, penny stocks, daytrading, advisory, tender, procurement, government auctions, government programs, political campaigns, politics, economics, economy, world economy, infrastructure companies,
http://worldbank.nu
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Meet South Africa's youngest millionaire only at 22 Kat Kloyd Trading Psychology  Top Traders South Africa  Forex Millionaires  Life Of A Trader Katfloyd - Trading Psychology  Lifestyle of a Trader  South African Forex Trader (2020) Top 5 Forex trading millionaires in South Africa 2020 Top Trader South Africa - YouTube

Over the past years, Forex trading has quickly gained popularity in South Africa, despite various rules imposed on traders. But, just like other financial opportunities found online, like South African legal online casinos, for example, South African authorities haven’t tackled this issue with severe measures, but only ones that allow Forex trading as long as certain protective steps in How to Trade Forex in South Africa. How do I start Trading Forex? Trading currencies on the foreign exchange market can be a thrilling online business Forex Trading South Africa : How to Start Forex Trading in South Africa. Forex Trading Traders in South Africa can now find useful information through this Forex Trading South Africa website. At Forex Trading SA, we pride ourselves as one of the most reliable and trustworthy independent reviewer of Forex brokers in South Africa. Welcome to Forex Trading South Africa and we are going to be examining everything that is forex in the weeks and months to come. The Forex market has grown tremendously over the years and with more and more people joining the online revolution to trade online, we decided to create this website in order to assist people in making the best choices online, when looking at trading forex. forex south africa fsb south africa how to trade regulation taxes Published by ForexSouthAfrica ForexSouthAfrica is an indipendent blog for traders or people who want to understand about Forex or finance.

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Meet South Africa's youngest millionaire only at 22

Kat Kloyd Trading Psychology Top Traders South Africa Forex Millionaires Life Of A Trader #forex trading. #roadto15K Our new Channel: https://www.youtu... How To Trade Forex in South Africa for Beginners (FREE Forex Trading Course) by Errol Muller. 11:59. Language: English Location: United States Restricted Mode: Off History Help About ... how to trade forex in South Africa Anele Nkasane. Loading... Unsubscribe from Anele Nkasane? ... How To Trade Forex For Beginners - Hither Mann - Duration: 6:14. However a young South African trader has managed to crack it. Sandile Shezi has successfully learnt how to trade currencies and at just 23 he's become one of the youngest multi-millionaires in the ... Top 5 Forex trading millionaires in South Africa 2020 - Duration: 6:03. Rainbow Nation 192,677 views. 6:03. No More Blowing Forex Account John Ghatti Explains - Duration: 1:55.