When does the forex market open after christmas - Holiday Trading Hours for South Africa - Check it now | AvaTrade ZA
Johannesburg-based forex trader, Siphiwe Magudulela, paid R35, to attend a trading seminar and has been afer 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 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. Another forex trader, Thanda Zulu, who is based in Durban, has also marekt doing it full-time for almost five years.
She paid R10, to 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 doess 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 christmqs 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 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. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating bpi forex rates website.
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Trading sessions from Sunday Check out the list of Johannesburg Stock Exchange Holidays to learn more. Stock Market holidays often differ slightly from official federal and bank holidays in each country.
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