forex trading courses

Forex Trading Courses In South Africa

Forex Trading Courses In South Africa

Forex trading courses in South Africa are provided by different brokers but they are a bit pricey. We have put together basic things that you will learn when you go to your forex class.

Can I Start Trading Forex Without Taking A Course

How Much Is Forex Trading Course?

Do beginner forex trader make money in South Africa?

What Is A Stop Loss In Forex Trading

Loans Application Online

What Is Forex Trading, South Africa?

Forex trading can be defined in more than a thousand ways but is not different from anywhere in the world except that in South Africa it has more advantage because of our country’s exchange rate. South African forex traders stand a chance to make more money because of the conversion rate.

Forex trading in South Africa searches on Google are on a very shocking rise. This is a clear indication that more and more people are jumping in to make more money.

The main advantage of trading forex in South Africa is that you do it in your own time. You also do not have a boss that you must report to. What you basically need is a computer and stable access connection to the internet.

Meaning of Forex Trading

Forex trading means to buy and sell currency pairs using an application or browser that is connected to the internet.

If you have travelled abroad you will have noticed that international airports have a desk like counters where you go to exchange your money notes before you get on your plane.  The money you receive as notes of the country you are traveling to is based on the exchange rate. Forex trading is exactly like that. The difference is that all of this is done online.

Lets say you were traveling to the united States of American and your flight takes 20 hours. A lot can happen to the rand during the 20 hours period. If the rand gets stronger while you are on board, when you lend on the other side and decide to change your notes there, you will sure get more value for your money.

But if the rand gets weaker, then you will lose some just because you are exchanging your notes. That is what happens when you trade forex. You just have to predict which markets are going to be getting stronger or weaker. The difference though is that with forex trading you are able to sell even if you might not have bought first.

Here is the list of very popular currency pair that are traded online.

USD United States Dollar Buck
EUR Eurozone Euro Fiber
JPY Japan Yen Yen
GBP Great Britain Pound Cable
CHF Switzerland Franc Swissy
CAD Canada Dollar Loonie
AUD Australia Dollar Aussie
NZD New Zealand Dollar Kiwi

Where To Start?

Forex trading starts by downloading a trading platform online into your computer. You can also trade online without having to download into your computer.

Forex Trading Courses In South Africa

We recommend that you take a trading course first before you trade forex online. We do offer a course at R5000. If you are interested please provide your details below