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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 …

Forex trading is not something new to financial players nor is it a trend of recent past, its growth between business and financial players has continuously proved its popularity among the retail traders for over a decade now and counting, thanks to technological advancements and low barriers to entry. You or your friend might have been interested to for a while now to join the Forex trading but for one reason or the other you don’t know the dynamics involved in the trade [of the Forex market]. Well here is an introduction to aid you through, it will help you decide whether Forex trading is right for you or not.

Definition Of Forex Trading

Forex trading is one of the most popular markets to trade. It is easy to start, and you can take advantage of a market that is open 24/5. All you need is knowledge of what makes …