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Trading FX in South Africa
08-07-2021, 09:15 AM
Příspěvek: #1
Trading FX in South Africa
Trading FX in South Africa


  Trading on the foreign exchange market can be extremely difficult and complicated. There are so many factors involved and so many things to choose from.Currency pairs are the first thing many Forex hear about and begin trading. A currency pair is taking the price value of one currency and comparing it with another. There are 28 currency pairs, with 7 being based in the US Dollar. The US Dollar has the highest base currency than any other currency pair. Cross currency pairs, are pairs not based in US Dollar, these are often least attractive to traders. Along with currency pairs, traders also trade indices. Indices are based on organisation with value based on currencies. South Africans trade currency pairs and indices alike, but it is important to know the difference and which to trade and when.To get more news about WikiFX, you can visit wikifx.com official website.
Like most traders around the world, South Africans trade EUR/USD and GBP/USD more than any other pair. That is the Euro vs the United States Dollar and Great British Pound vs the United States Dollar. These pairs are great pairs to trade, as there is a lot of information about these pairs and its easy to understand these pairs when starting to trade. However, because many people trade these pairs, there is a lot of false information about these pairs. It is important to know how to navigate through false information and real information.
  South Africans are also becoming very found of indices. The VIX75 and Nasdaq, happen to be the most traded indices in South Africa. Although VIX 75 is a close second, South Africans love trading Nasdaq. Nasdaq 100, refers to the 100 largest non-financial companies on the New York stock exchange. It is made up of 102 equity securities and it is traded as an indices/CFD. It is a very volatile CFD and is gaining a lot of attention in South Africa because of this. Indices move a lot more than normal currency pairs, which means traders can make a lot more money when trading indices, however this also means they can lose a lot more money. Such high stakes will require traders to have the best possible brokers for their needs, as brokers will take advantage of this situation.
  Nasdaq can be a very lucrative indices to trade, but only if you have already mastered normal Forex trading pairs. It takes years to master those pairs, but once you have, moving on to something like Nasdaq will be a breeze. However, traders should always be weary of scams, especially in South Africa, where there is little regulation of scams. One way of searching for scams, is by using WikiFX. WikiFX is a Forex broker inquiry app, which allows traders to search and inquire about their broker. This is a very useful app, especially in South Africa, with all these Forex scams going on.
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30-11-2021, 10:39 AM
Příspěvek: #2
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01-12-2021, 04:31 PM
Příspěvek: #3
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25-03-2022, 02:58 AM
Příspěvek: #4
RE: Trading FX in South Africa
They were still very envious of us and had such a beautiful love.
When June arrived, I accompanied her back to her school to get her diploma, and then went back home, thinking that the weather was hot, and k1 k2 k3 k4 k5 k6 k7 k8 k9 k10 k11 k12 k13 k14 k15 k16 k17 k18 k19 k20 k21 k22 k23 k24 k25 k26 k27 k28 k29 k30 k31 k32 k33 k34 k35 k36 k37 k38 k39 k40 k41 k42 k43 k44 k45 k46 k47 k48 k49 k50 k51 k52 k53 k54 k55 k56 k57 k58 k59 j70 j71 j72 j73 j74 j75 j76 j77 j78 j79 j80 j81 j82 j83 j84 anywhere else to play. I've always felt guilty about this. She has said several times that she wants to go to the south to play or to Beijing to play, but unfortunately I have no time to go with her.
Our days have been so sweet until September, when she quit because the job wasn't right for her. She also said before that she didn't want to stay in the city where I was staying, and wanted to go to Shanghai or Shenzhen to develop,
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