Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
South African Forex Market
Abstract：The goal of retail forex trading is to generate money by speculating on the rise and fall of currencies. Any FSCA-regulated forex broker that is permitted to sell Derivative products to traders in South Africa is able to facilitate lawful foreign exchange trading for South African citizens. In 2017, it is anticipated that the daily currency trading volume in SA would be close to $19.1 billion USD. Additionally, with an annual trading volume of approximately $70 billion USD in 2016, the South African Rand (ZAR) is among the top 20 most traded currencies globally.
Due to the increased market liquidity, round-the-clock trading hours, and swift speed, you probably wish to start trading forex as an investment vehicle. But there are a lot of hazards that come with CFD trading. We'll do our best to cover all you need to know before you can begin trading, including how much it costs to get started.
It's possible that you want to get the answers to all of your questions but are unsure of where to begin. You will learn the fundamentals of how to begin trading foreign exchange in this course.
Steps to start trading forex in South Africa for beginners:
Learn the basics of Forex trading
Learn about the different Currency Pairs
Choose a broker & open your Forex Trading Account
Learn the different Forex trading strategies
Compare Online Forex Trading platforms
Understand the Risks of trading forex
Being conned is the main danger to avoid while trading forex. Brokers are among the greatest trading fraudsters. Fortunately, WikiFX is a forex research group that enables traders to examine brokers and scammer data. WikiFX compiles all of the broker's data and offers a grade, making it simple for traders to identify con artists. Both the app store and the play store offer the WikiFX app.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Short
Slippage
Clearing
Commission
Future
Contract
Devaluation
PBOC
BOE
Forex Currency pair
Forex Analysis
Read more
Voices of the Golden Insight Award Jury | George Georgiou, the Co-Founder of Dynamic Works
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 10h
Prop Firm Tradeify Signs ‘The Nuke’ as Global Brand Ambassador
Miami-based prop trading firm Tradeify has officially announced a major long-term partnership with Luke “The Nuke” Littler, the current World Number 1 and reigning 2024/2025 PDC Darts World Champion. Littler joins Tradeify as its new Global Brand Ambassador, marking one of the company’s most significant branding investments to date.
Original 12h
Close Up With WikiFX —— Take A Close Look At Amillex
With the rapid growth of global multi-asset investment markets, the differences among regional forex markets have become increasingly significant. As a forex broker information service platform operating in more than 180 countries and regions, WikiFX is dedicated to helping investors in every market identify reliable brokers. Therefore, we have launched an exclusive interview series —— "Close Up With WikiFX", offering in-depth conversations with local brokers. This series aims to dive deep into frontline markets and provide first-hand information, helping investors gain a clearer and more comprehensive understanding of quality brokers.
Original 17h
Seacrest Markets Exposed: Are You Facing Payout Denials and Spread Issues with This Prop Firm?
Seacrest Markets has garnered wrath from traders owing to a variety of reasons, including payout denials for traders winning trading challenges, high slippage causing losses, the lack of response from the customer support official to address withdrawal issues, and more. Irritated by these trading inefficiencies, a lot of traders have given a negative review of Seacrest Markets prop firm. In this article, we have shared some of them. Take a look!
Original Two days ago
WikiFX Broker
Latest News
Simulated Trading Competition Experience Sharing
WikiFXWinproFx Regulation: A Complete Guide to Its Licensing and Safety for Traders
WikiFXInteractive Brokers Expands Access to Taipei Exchange
WikiFXAxi Review: A Data-Driven Analysis for Experienced Traders
WikiFXINZO Regulation and Risk Assessment: A Data-Driven Analysis for Traders
WikiFXQuestrade Review Pros, Cons and Regulation
WikiFXAccentForex Review: Is It Safe to Invest or Scam?
WikiFXCleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
WikiFXDelayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
WikiFXThe CMIA Capital Partners Scam That Cost a Remisier Almost Half a Million
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate