The financial markets nowadays feature hundreds, if not thousands, of forex brokers who are trying to attract more beginner traders by providing outrageous offers and benefits. Traders who have been trading for a while already have it ingrained into them that they should never deal with unregulated brokers. The reason for this is extremely simple; […]
Tag Archives: forex trading
Uganda is a country situated in East-Central Africa with a potential of 42 million forex traders characterized by high diversity in terms of ethnicity and politics. As you may already know, its financial system consists of informal, formal, and semi formal institutions. Insurance companies, banks, and capital markets are examples of formal institutions, while loan […]
The foreign currency market may be speculated on legally and profitably in South Africa via the use of forex trading. Predicting price changes in currency pairings may be lucrative for South African Forex traders. The volatility of the foreign exchange market enables certain traders to make huge gains, with some even making millions of dollars. […]
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, […]
Due to the global pandemic, a lot of aspects of our lives were affected by negative circumstances. Those negative circumstances can be characterized with different rates, however, the influence on the global economy is the one that affects everyone’s life. When it comes to something that has such a major influence as covid you cannot […]
FDI, also known as foreign direct investment, has been virtually solely concentrated in Africa on the exploitation and export of natural resources for over a century. However, the momentum has changed after the turn of the 2000 and the tendency has finally changed in recent years. Global investors are more likely to visit Africa for […]
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 […]
IG, a global leader in online trading, has had a long commitment to South Africa which is set to increase further. The company has operated in South Africa for ten years playing a key role in the growth of online trading in this sophisticated and growing market. IG is committed to robust local governance, and […]
South Africa is moving very fast in the direction of the FinTech industry. The country is very determined not to be behind the whole show. They are also relaxing the regulations in order to help the flourishing of the FinTech industry. How South African FinTech development is transforming the foreign exchange landscape In South Africa, […]
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 […]