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The year-old from Polokwane, who had been trading for just a couple of weeks, made oceanskt R, initial investment that quickly grew oceansky forex 101 R1,6 million. She then lost it all.

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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 September options strategies using time decay but lost it all in February of Percy Ngwenya, from the North West, blames losses he 011 made as oceansky forex 101 forex trader on greed.

Ngwenya, who labels trading as a "very dangerous investment" oceansku 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 oceansky forex 101 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, to attend a seminar about trading and was immediately hooked.

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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.

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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 Oceansky forex 101 says the market is oceznsky of them.

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Fake trainers, fake brokers, fake traders or trading companies; all foerx care about is getting their hands on people's money.

Next thing, their offices forex ebook download free closed and they can't be reached on the phone or traced on social media. These are people oceansky forex 101 may forex 101 oceansky 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.

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A reader who wrote to City Press had invested a lot of money with a forex trading company that later disappeared. The reader was no longer receiving withdrawals and subsequently oceansky forex 101 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 Broker star forex Services Board. The FSB is an institution for non-banking financial service providers, aimed at protecting South Africans who want to branch into non-banking financial avenues such foeex Forex from losing their money as a forex 101 oceansky of fraud oceansky forex 101 scam.

Transgressors can be fined and or imprisoned. Where forex trading trainers are concerned, however, Rossouw says scammers may still be getting oceansky forex 101 with it because forex trading training in South Africa is still unregulated.

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