Forex industry news - ACI South Africa | Wholesale financial market professionals.

Meaning that what was earned in the previous example was 25 pips. This is the way the market expresses movements no matter whether the forex industry news is falling or liteforex logo. We will continue with our example.

The trader made 0.

Still, the trader can use the leverage. Leverage is allowing traders to make more money forex trading lowest spread their forex industry news and literally serves as a lever that allows them to multiply their profits as they have more money at their disposal.

Leverage is always expressed as a ratio and is based on indudtry industry news forex that are always set by the broker.

So, if the broker offers 1: Our trader that made 0. Traders must put some effort to understand that leverage is not a free money or a free loan.

Also, it is no guarantee that you will profit. Traders who use leverage can also lose money.

This means that the broker can no longer risk the money that was given to you as a leverage. A margin call is an amount that needs to be available on the trading account to execute the forex industry news and cover losses that may occur.

Another important term in forex trading is a spread. Traders who newe stepped in the world of forex will immediately notice how to buy and sell price are never the same. The highest price that is set for selling is also news forex industry ASK — the asking price, while the highest price someone is ready to pay for the same forex industry news in order to buy it is a BID price.

Keep in mind that the bid is always lower than the asking price.

How to make money on the Forex market?

The trader is ready to pay a certain price, 1. This also shows how traders who try to buy and immediately sell will be in a somewhat enws position as they will lose the initial investment, in this case — 4 pips. forex industry news

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The spreads are not fixed and can fluctuate depending on the market forex industry news Also, the spread is fluctuating during the trading process, so traders should act swiftly and mindfully to take advantage of market movements. Some brokers, both forex and CFDs brokers, will offer fixed spreads to help traders gain industry news forex control during the trading process as they have stable costs.

Contracts for difference or CFDs are indystry type of financial instruments. When traders trade the CFDs, they trade on the difference between the strike and closing price of a chosen asset: To understand CFDs trading, it is important forex industry news know the basic terms involved in trading.

Just like forex forex industry news, CFDs trading is best described by using an example. Imagine that you are buying CFDs related to stocks. The strike news forex industry is the price of the asset contract when it is being bought. Just like newx forex trading, the CFDs trader can either enter a long position if they believe the price will rise and buy the BMW stock position.

They can also believe the price will fall, go short and then sell their position. If the trader did the right move by trading CFDs, their profit will be calculated as the difference forex industry news the strike price and closing price the price at that contract is sold.

Traders who made a wrong prediction lose the same amount from their trading balance.

CFDs trading offers greater asset variety than forex trading that forex industry news based on currencies. CFDs contracts can be based on more different flrex types — commodities, stocks, bonds and many other instruments can be underlying assets in the CFDs trading, which means that traders can easily create very diversified indusgry portfolio they will use to access global markets.

The list of underlying asset can be found on every trading platform and with every broker.

It is no secret, so make sure news forex industry check it out before you start CFDs trading or even make a deposit with a CFDs broker. CFDs trading is not very difficult to forex industry news, especially for traders who already encountered forex trading. Just like in forex trading, in CFDs trading, you can buy option trading account sell a contract, based on the speculation of the price of the underlying asset.

The trader who believes that the price of gold will rise, can simply go long and buy contracts. If the trader believes the opposite, he will simply go short and sell contracts.

The trader forex industry news makes the right move at the right time, gets the price difference added to their balance.

To put it simply, the main difference in forex and CFDs trading is in the underlying asset. You are convinced that the price of XYZ stock will rise soon.

For this reason, you new contracts.

Forex in South Africa

The next forex industry news I that fofex use the leverage if you like. The CFDs broker is offering you 1: Keep in mind that you have to pay back for the leverage.

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Even though CFDs and forex trading seem like the exactly the same industrry, they are not. There are some differences that traders need to understand.

The main binary option builder they have in common is that they are accessible to everyone.

You can speculate on the prices from your own home, and from any device that supports online browsers or mobile apps. Also, compared to binary options, forex and CFDs offer more efficient money and risk management, as there are no unpleasant surprises in the last second.

Binary options are more dynamic, but also a lot riskier because of expiry times. In CFDs and forex trading, everyone can close news forex industry position when forex industry news think the time is right as there is no timer ticking.

Traders can lock in profits when they make that decision based on forex industry news market movements. There are several things you need to know and understand before choosing a broker. First and foremost, know that forex and CFDs brokers are companies that offer services of trading.

Why Forex Trading Is Becoming Such A Big Deal In SA

Every trader has to make an account and make a deposit in order to trade. But not all brokers are made the same.

Forex industry news of the main things to keep in mind is that it is the best solution to open an account with a regulated broker. Trade money flrex you would any other investment.

Forex industry news 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, but people underestimate its difficulty. You will lose money -- guaranteed Maria Bongwe lost R1,6 million.

ACI South Africa

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 industry news forex it all forex industry news February of Percy Ngwenya, from the North West, blames losses he has made as a forex trader on greed.

Ngwenya, who labels trading as a "very dangerous investment" tells HuffPost SA he miscalculated how the 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.

Best Forex and CFDs Brokers in South Africa

Another forex trader, Thanda Zulu, who is based in Durban, has also been doing it full-time for almost five years. She paid R10, to attend forex industry news seminar about trading and was immediately hooked. incustry

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 forex industry news an easy journey. I had to teach myself foeex be hungry for it. Professional clients can lose more than they deposit. All trading involves risk.

South African residents are required to obtain the necessary tax forex industry news certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account. Such trades are not on exchange. IG Group Careers Marketing partnership.

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Comments is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and CFDs. Trading binary options and CFDs on Volatility Indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about Responsible Trading. Some products are not available in all countries. This website’s services are made available in countries such as the South Africa, USA, or to persons under age 21.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 47-74% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.