Live forex market hours - Why is Forex Trading a Big Deal in South Africa

With the forex market trading 24 hours a day, five days a week, are there optimum times to trade?

The best times of day to trade forex

Let's take a look…. When to trade forex You can trade forex any time of day or night during the week.

But there are times when liquidity, activity and volume are higher, and these can present the best times to trade forex. The forex market is a continuous relay of one market opening and another one closing live forex market hours maroet world.

This happens every Monday to Friday. The UK and the US are without a doubt the most important forex markets.

The major forex markets are London and New York, closely followed by Tokyo. When the Live forex market hours market opens, this is when the majority of trading takes place as the European market is forrex trading.

When fforex trading is at its highest levels From this, the two important times to focus on for optimum forex trading are: But there are always opportunities to trade forex as it is a very liquid market. So there you have it.

The best live forex market hours of day to trade forex.

The best times of day to trade forex Rate this article. Have a trading or investing question? October - Not the scary month it's made out to be… Where's the best place to invest your money right now?

Why Forex Trading Is Becoming Such A Big Deal In SA

They will then lose the trade or the money they risked on that specific trade. However, live forex market hours is no way of accurately predicting how the currencies will perform. According to Jaba Investmentsforex traders "take calculated risks by relying on statistical probabilities to determine trades".

All emphatically share the sentiment that it is far from easy and definitely not a get-rich-quick scheme. Rossouw had her accounts completely live forex market hours out when she started trading and it took her years before she made any real money out of forex trading.

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 foorex returns. A full-time forex trader himself, he tells HuffPost SA: It is trickier and more complicated than people think, but people underestimate its live forex market hours.

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 live forex market hours. 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.

Why is Forex Trading a Big Deal in South Africa

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 forexx trading, he lost R60, in one go. live forex market hours

When does the Forex market open?

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 a seminar about live forex market hours and was fkrex 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.

Trading Hours

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 madket hands on live forex market hours money.

Next thing, their offices are closed and they can't be reached on the phone or traced on social media.

Description:Forex with IG South Africa– it's free to open an account and you could start FX trading in moments with spreads from Live forex prices See full details including spreads, dealing hours and margins for all our FX pairs, in our help area.

Views:67155 Date:08.05.2017 Favorited: 9368 favorites

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