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Browsing: Forex business
When it comes to the forex market, failing to plan is planning to fail. The more strategies you master, the more likely you are to consistently profit.
The foreign exchange market is the largest financial market in the world, experiencing a daily trading volume of more than $ 6 trillion.
Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other.
The value of a currency pair is influenced by trade flows, economic, political and geopolitical events which affect the supply and demand of forex. This creates daily volatility that may offer a forex trader new opportunities.
The daily forex trading in South Africa is estimated to be around $19 million and the South African rand is …
