Best forex traders in the world 2012 - Trading Platforms and Traders in South Africa | MyBroadband
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FX levels to watch: Contact us New client: ACM Gold 's David Rosenthal says people who have made money quickly normally end up losing it the same way. Trade money as you would any other investment.
Johannesburg-based forex trader, Tshepo Brand, warns potential investors not to fall for brokers who guarantee returns. A full-time forex trader himself, he tells HuffPost SA: It is trickier and more complicated than people think, graders people underestimate its difficulty. You will lose money -- guaranteed Maria Bongwe lost R1,6 million.
The year-old from Polokwane, who had been trading for just a couple of weeks, made a R, initial investment that quickly grew to R1,6 million. She then lost it all.
Bongwe recalls how shattered she was at the loss: Johannesburg-based forex trader, Siphiwe Magudulela, paid R35, to attend a trading seminar and has been trading full-time since. He says he made his first million in Septemberbut lost it all in February of Percy Ngwenya, from the North West, blames losses he has made as a forex trader on greed. Ngwenya, who labels trading as bsst "very dangerous investment" tells HuffPost SA he miscalculated how traderz market would perform during Brexit.
He has lost R25, in one day in one trade. Trying another form of trading, he lost R60, in one go.
Another forex trader, Thanda Zulu, who is based in Durban, has also been doing it full-time for almost five years. She paid R10, gorex attend a seminar about trading and was immediately hooked. Unemployed at the time, she saw it as a great opportunity to earn some income.
A view she still strongly holds. She admits, however, it hasn't been an easy journey.
I had to teach myself and be hungry for it. She does not believe she has fully reaped the benefits forex trading can afford her.
The scammers Jaba Investments says the market is full of them. Fake trainers, fake brokers, fake traders or trading companies; all they care about is getting their hands on people's money.
Next thing, their offices are closed and they can't be reached on the phone or traced on social media. These are people who may be looking to make a quick buck, while others are just fed up with being unemployed and hope forex trading will provide them with much needed income.
A reader who wrote to City Volume indicator trading system had invested a lot of money with a forex trading company that later disappeared.
The reader was no longer receiving withdrawals and subsequently lost a house, car and other valuables. To try prevent such situations, potential traders and or trading companies have every right to check if the company they want to invest money in is registered with the Financial Services Board.
The FSB is an institution for non-banking financial service providers, aimed at protecting South Africans who want teaders branch into non-banking financial avenues such as Forex from losing their money as a result of fraud or scam.
Description:Jun 9, - It's "risky, volatile, erratic, intense and stressful" -- and is still mostly michiganguardianship.infog: | Must include: