How much you earn from forex trading - How Much Can a Trader Earn? Become a Stock Broker
If you look at the FOREX quotes on your trading platform you will see that there are 2 prices for each currency pair.
One is the price at which you can buy, referred to as the "ask price", and the other is trqding price at which you can sell, referred to as the "bid price".
The difference between those two prices is known as the spread. The ask price is always higher than the bid price. With this leverage you can take a position with times larger value, resulting in times bigger profits or losses, therefore great care is required when placing your trade.
Equities on the other hand are traded without leverage. Then pick a currency pair e. Now you are a trader in a market used by millions of people all around the globe.
Check out your current profit or loss in the Open positions window. You can keep this position as long as you like.
And when you no longer wish to keep your position, just close your trade by pressing the X button in the Open Positions window. This is called long position.
The short trading enables you to torex advantage if the exchange rate is going down. Many reasons are available as to why more and more people in South Africa are engaging or are willing to engage in the forex trading business.
Some of the benefits that come with engaging in this economical include:. While it is true that engaging in forex trading especially in South Africa can be rewarding, the trade also has its downs that the investors come across regularly.
Some of them include:. Because of the mucg involved, many people do not want to invest more because of the fear that comes with it.
The thought of losing a large sum of money at once scares the people of South Africa away. And it is very possible to lose a lot of your money!
Some of these rules include:. In this article, we provide you with a story of one Sandile Shezi and Mike Ndlovu who have had a huge success in the business. Shezi took a step that many people in his age would consider daring.
With his university tuition fees, he decided to invest in forex trade. Today, he is an owner of a famous forex trading company in the country.
Here, he aims at educating more people into accepting that forex trade can be a good idea to invest in. Mike is a recognized writer, trainer and above all a forex trade who works and lives in Cape Town, South Africa. He is considered to be one of the big wigs in the industry because of the huge income that he gets.
Currently, most people sort after his couching services with his philosophy being to keep it simple. In this field, people do not wake up and become professionals.
One has to undergo some training on the minimum. Some of the benefits of undergoing these trainings include:.
People can acquire these trainings from different occasions such as seminars, books, subscription services and classrooms amongst other places. Forex trading is one of the ways through which people can make income from the side.
In South Africa, people continue to embrace the idea as fored day passes. Many advantages come with engaging in this activity.
For instance, people work from home and do not have to report to any boss.
Description:Jan 30, - and, finally only trade money you are willing to lose. . Thanks for this, there are so many Fx trading sites out there that it is a bit michiganguardianship.info in South Africa.