FOREX Archives - AfricaBusiness.com

26Sep

By Africa BusinessNo Comments

Forex

What Should You Know About The Forex Market?

The Forex market is acknowledged as a global and decentralized marketplace where you can buy as well as sell currencies. A participant involved in the Forex market ranges from individual retail traders and central banks to financial institutions. This market works 24 hours and five days per week. However, trading activities reach their peak at the time of overlapping hours in some significant financial centers like Tokyo, London, and New York. Image source How can you open a Forex account? You can open a Forex account easily online, and before you begin to trade, you will be required to deposit some money that will be in the form of collateral. Additionally, Forex brokers provide leverage to customers. This entices them to trade bigger amounts, and based on the nation a trader uses ...

26Sep

By Africa BusinessNo Comments

Business

Gold Price (XAU/USD): Live Gold Chart, Price Forecast & News

The gold trade is one of the most popular trades in the world. Every day, trillions of dollars worth of gold are traded on the global market. The price of gold is determined by supply and demand, as well as by geopolitical events. Gold is often seen as a safe haven investment. When there is economic uncertainty, investors tend to pour money into gold, driving up the price. Gold is also used in jewelry and for other decorative purposes, which also drives demand. The price of gold is measured in troy ounces. One troy ounce equals 31.1 grams or 1/12th of a pound. The most common way to trade gold is via the spot market. In the spot market, buyers and sellers trade directly with each other at the current market price. Gold can also be traded via futures contracts. Futures contracts are agre...

31Oct

By Giorgi MikhelidzeNo Comments

Forex, South Africa News

South Africans Are Moving To Forex Trading As A New Source Of Income

Forex (foreign exchange) is undoubtedly something you've heard or read about, which shows how widespread its use has become. However, there are a large number of people who are curious but do not have a thorough grasp of how the South African financial market operates or just do not know where to begin. As commodities, currency pairs serve as a representation of the value of two different national currencies in the forex market. The base currency is the first one stated in the pair, while the quotation currency is the second. FX trading is getting more popular as a result of the ever stringent financial reality we are all now confronted with, right? Here you may start making money without having to leave your house. To securely trade forex, you must choose a reputable broker that places ...

12Apr

By MadelienNo Comments

Forex

5 Best FSCA Forex Brokers in South Africa

Overview The Financial Sector Conduct Authority (FSCA) is the regulatory body in South Africa that oversees a variety of financial activities, including the provision of online trading solutions and services. It is a reputable and strict entity. Amidst the list of brokers that have applied for regulation through the FSCA, the following five have been granted permission to operate within the country and other African countries that do not have their own regulatory bodies and thus use the FSCA. ThinkMarkets Established in 2010, ThinkMarkets is a reputable STP broker that offers trade in a variety of financial instruments to a multitude of traders across the globe. ThinkMarkets incorporates the best range of online technologies with their suite of advanced trading platforms and tools, offeri...

17Sep

By Giorgi MikhelidzeNo Comments

Forex, Nigeria News

Nigeria needs to start preparing for an oil-less economy

Nigeria is the second country in Africa with a big economy. Globally it is the 22nd country by the number of finances. With this flow of the growing economy, Nigeria can be in the top 10 countries in 2050. To achieve this kind of stability, this country needs to diversify its economy from its dependence on oil. Nigeria is a country that can really make a big difference in the world by using all the opportunities it has in different fields, so it goes without saying that Nigeria’s potential really lies beyond the oil. Based on recent trends, this country is starting to make a big difference in the trading field. To rely only on oil will be destructive for the country because the world is going far with new technologies and soon there will be renewable energy which can affect Nigeria’s econ...

How Much Money Do I Need To Start Trading Forex

28Aug

By Africa BusinessNo Comments

Forex

How Much Money Do I Need To Start Trading Forex

The quickest and the probably least helpful answer to this question is a fixed amount; say $500 for example. Many brokers do set a minimum amount required to open a Forex trading account. But if you want a more practical answer, then it gets a bit more complicated! This is because part of how much money you need to start trading Forex depends on what you are trying to achieve with Forex trading. It all also depends on a number of other factors, including your personal circumstances, trading style, and strategy among others. First, let’s address an issue that most tend to gloss over: risk management. This is generally the factor that separates successful FX traders from the rest. And how much money you have in your account plays an active role both in mitigating risk as well as shaping your...

14Nov

By Africa BusinessNo Comments

African News

ThinkForex®Attends MENA 10thForex Managed Funds & Investment Summit in Dubai, United Arab Emirates

AUCKLAND, New Zealand - (Nov., 2012) -ThinkForex®, a leading international Forex broker, will be attending the MENA 10thForex Managed Funds & Investment Summit, which will be held on November 15 – 16, 2012 at the Jumeirah Beach Hotel in Dubai, United Arab Emirates. ThinkForex will be exhibiting (booth 7 & 8) at the summit and will be giving away free iPads to a couple of lucky event attendees. If you’re interested in signing up to win a free iPad, please visit www.thinkforex.com/mena2012or stop by the ThinkForex booth during the summit. Attendees are also invited to the ThinkForex booth for Forexplatform walkthroughs. Over the past few years, ThinkForexhas demonstrated tremendous growth in the global Forex market and continues its commitment as a leading Forex broker in the Middle ...

14Nov

By Africa BusinessNo Comments

African News

The 10th Forex Conference & Expo Kicks off this Thursday 15 November in Dubai

The show will open its doors in Dubai at 10:00 am on Thursday and will cover online trading currencies, commodities, gold, oil, stocks and derivatives, at Jumeirah Beach Hotel Dubai, and will continue until Friday November 16, 7:00 pm. '' Forex for this year 2012 will witness the participation of Swiss banks specialized in Forex trading along with many trading companies that come for the first time in Dubai. Speaking at the Conference; 15 notable lecturers and speakers from the leading experts and global economic analysts, said Katia Tayar, President of Arabcom Group ; the Organizer of the Event. The Conference provides the perfect opportunity to highlight the trends of the current global capital markets and market expectations in 2013, and it reviews a range of issues of commo...