Browsing: Forex trading

Investment and trading strategies in a stagflation environment

The United States dollar has reportedly appreciated to levels last seen 20 years ago and shows no signs of slowing down. According to Capital.com, “The ICE US Dollar Index (DXY) – a measure of the currency’s strength against a basket of rival currencies including the euro (EUR), Japanese yen (JPY) and British pound (GBP) – stood at 109.5 on 19 September 2022. The index was up over 14% from the start of the year, but down marginally from the 110.51 mark reached on 7 September – its highest level since 2002.”

The Federal Reserve, the US central bank, is giving further steam to the greenback through its aggressive interest rate stance. The Federal Reserve has raised interest rates a total of four times during 2022 for a total of 2.25 percentage points.

The result is that investors are piling into the US dollar, salivating into the fray as they chase …

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions, the FX market has become accessible to the majority of Africans. 

The availability of mobile money payment solutions has seen an increase in the creation of fintech startups created solely to cater to Africans interested in trying their hand at trading in both local and international FX markets. 

Firms including Exness, XM.com, Avatrade, CM Trading, Tickmill and Chipper Cash among others all reported a significant growth in trading in 2020. A testament to the growing trading culture driven by fintech across the continent.…

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M-Pesa, a payment solution provider that began operations in 2007, has proven to be a game-changer in the financial services industry. With over 100 million subscribers, this is a massive financial ecosystem, and it is so surprising that M-Pesa won the award for the best successful payment system in developing countries. Users can use the app as an e-wallet and make deposits, transactions, withdrawals, and other payments via the payment solution. M-Pesa has regulations best suited for each territory it operates in. This adaptability has made it the ideal platform for a range of digital payments, including Forex trading.

Since M-Pesa is the most extensive digital payment system in Kenya, most M-Pesa Forex brokers have embraced this platform. Several reputable international Forex brokerages now accept M-Pesa payments. The M-Pesa system’s ease of use and accessibility for its users promises to be …

Forex Trading Guide in South Africa

If you seek detailed information on how to trade forex in South Africa, we are here to teach and guide you as a beginner trader into the wonderful world of forex trading.

The reason behind the craze among the people for forex trading is that it is one of the most liquid markets in the world. On average trading, amounts exceed $5 trillion every day in the forex marketplace. In South Africa, trading amounts exceed $80 Billion (approximately R120 Billion Rand) on a daily basis.

In South Africa, there are many trading rules and regulations placed to minimize Forex trading risks. These rules and regulations are placed by the South African Financial Sector Conduct Authority (FSCA) which is formally known as Financial Services Board (FSB). FSCA is responsible for controlling all financial activities in the country. Through FSCA all the Forex brokers

Forex Basics You Should Know About Online Trading

Forex Trading, or the foreign exchange, is the largest financial market. Every day, close to 6 trillion US dollars circulates between institutions and individuals. You do not have to be a finance professional to join in. Today, there is no shortage of Forex tutorials and other instructional content. Discover the most basic facts about the market and its workings, and become a trader in South Africa.

 

1.   How Profit Is Made

Trading is the monetization of knowledge. You should be able to predict movements of currency exchange rates, and open positions to garner profit. Any trend can work to your advantage, be it a rise or a fall. The outcome depends on the accuracy of your foresight. Fortunately, traders have plenty of helpful tools.

Every beginner must learn about fundamental and technical analysis. The first system teaches traders to base …

Forex trading is the buying or selling of currency on the international currency market.

Forex trading aims at extracting profits from the price movements of the currencies. Therefore, forex traders aim to make money from buying a currency at a low price or exchange rate and selling at a higher price. It involves two currencies while the trade is facilitated by a forex broker.

Traders often use margin trading to speculate on currencies, risk factors increase due to the involvement of leverage and margins which leads traders to risk even more than their invested amount.

Forex Trading

Forex trading determines the exchange rates of all global currencies and is the largest financial market in the world with daily transactions of $6.6 trillion. Forex trading has high liquidity, operates 24-hours, has low transactions costs, easy to use platforms and has fast-paced regulations.

In the past foreign exchange market was limited to …