How to start Forex Trading in South Africa

How to start Forex Trading in South Africa

1. How much do you need to trade forex?

This depends on the broker you use but in most cases it is R5000 or even less. The even bigger advantage is that most brokers give you a demo or dummy account to practice using their platform / software without risking your own money. This gives you a great opportunity without you having to risk 1 cent of your money. So in summary you do not need a cent to start practicing and a small amount to start trading.

start Forex Trading ,sandile shezi

2. It is very easy to start.

As we mentioned earlier there is a higher learning curve than most people think, it is however by no means difficult to get going. What you need is an internet connection, a trading device in the form of either a PC, tablet or smartphone, a trading platform, this is the software that allows you to execute trades, and a strategy or system. There are many strategies and systems, have a look on the safx.co.za website for more information on trading strategies and trading systems.

3. There is great software available.

A few years ago you basically had to be a mathematician to take advantage of technical indicators and other trading tools as you had to work out values with complex formulae. Nowadays you are able to take advantage of tools and software that have made the process of decision-making in online trading much easier. At SAFX we have developed a number of trading tools and software that will aid you in your decision making process. It is very important to watch out for scams when it comes to software as there are many products out there that just do not do what they promise. For peace of mind have a look at our products or let us assist you to determine whether or not a product is suitable or not.

4. Forex is the biggest market in the world.

There are a huge amount of currencies and currency combinations, or what most people refer to as currency pairs, that you can trade. The forex market has an estimated daily trading volume of roughly 5 Trillion Dollars. Yes that does mean that $5 Trillion is moved in the forex market everyday.

5. How much commission do you pay to trade forex?

Well to be quite frank this depends on your broker but mostly the commissions payable i forex is in the form of a spread. A spread just means that if a dollar is worth R14 the broker will sell it to you at R14.03 and the R0.03 would be the commission. It depends on the currencies that are traded. Your most traded currencies are the cheapest. In most cases the EURUSD pair would be the cheapest and a good indication whether the broker is competitive or not.

6. You can manage your risk.

As we said earlier forex trading can be risky and you can lose your entire investment. It is very important to note however that you can take full control of your risk and how much you are comfortable with. You determine your risk on every trade and you can trade forex very safely if you have a good risk management system in place.

7. You can trade currencies from anywhere in the world.

As you only need a trading device with an internet connection and a forex trading account you can trade from anywhere in the world. You do not have to be stuck in an office. You can literally trade forex while travelling the world. You obviously would have to learn to do so properly beforehand but it is a real possibility. Have a look at our trading education packages at safx.co.za

8. What is liquidity in trading?

The forex market is the most liquid market in the world, this simply means when you are ready to buy you can do so at the click of a button and when you are ready to sell you can also do so at the click of a button. When trading shares you need shares available to buy and when you want to sell there has to be a willing buyer on the other side. In forex this is not the case. You buy when you want and sell when you want.

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HE TURNED R1000 TO R1 024 000 IN 10 DAYS ONLY , THIS IS WHY HE IS THE YOUNGEST MILLIONAIRES IN RSA

Sandile Shezi only trade for two hours a day and he is making millions.

A lot of you might be wondaring how is that posible with forex trading. This is possible and most people are doing this in South Africa.

Image result for sandile shezi and patrice motsepe

With my calculations you can make a million from R1000 in 10 days. before i show you the calculations , let me tell you something that make sense to those who think my formula does not.

Lets day you have $200 / R3000  and you have learn forex such that for every three(3) trades you make , are win and one (1) is a loss , lets also say , you allow you self to loss 5% of your current balance and profit the same 5 % , note that in the case of $200 you 5% is $10 /R150.

Now if you win two trades $10 x 2 = $ 20 and loss one $-10 your nat will  $20 + $-10= $10   , meaning that you daily profit is $10  . in 20 days time it will be $10x 20 = $ 200  and this means that you have now double you initial $200 to $400.

If you do the same on the following month with you 5% being equal to %20 at the end of the month you will have turn $400 to $800 and so on and so on.

Remark : we are using using this , $1 = R15

Now lets see how to turn R1000 to R1 million

Start : R1000

Day 1. R 1000 to R2000

Day 2. R4000

Day 3. R8000

Day 4. R16 000

Day 5. R 32 000

Day 6. R 64 000

Day 7 . R 128 000

Day 8 . R 256 000

Day 9 . R 512 000

Day 10. R1 024 000

This is awesome and possible , if you think days are short change from days to month and use the math i gave you above. If you chang from days to month you can turn R1000 to R1 million in 10 month, but the truth is that you can turn 10oo to R1 million with forex trading.

Confidence talk 

Everyone who is doing forex right even with a little knowledge , can atleast double thier money per month and most of those doing forex are tripling thier money every month.

You can also read :  How to turn R1 to R 1 million in 20 days via forex  and At The Age Of 24 He Is A Multi-Millionaire

Image result for sandile shezi and patrice motsepe

DID YOU KNOW THAT TO TURN R1000 TO R1 MILLION YOU NEED ONLY 10 DAYS?

A lot of you might be wondaring how is that posible with forex trading. This is possible and most people are doing this in South Africa.

Image result for sandile shezi and patrice motsepe

With my calculations you can make a million from R1000 in 10 days. before i show you the calculations , let me tell you something that make sense to those who think my formula does not.

Lets day you have $200 / R3000  and you have learn forex such that for every three(3) trades you make , are win and one (1) is a loss , lets also say , you allow you self to loss 5% of your current balance and profit the same 5 % , note that in the case of $200 you 5% is $10 /R150.

Now if you win two trades $10 x 2 = $ 20 and loss one $-10 your nat will  $20 + $-10= $10   , meaning that you daily profit is $10  . in 20 days time it will be $10x 20 = $ 200  and this means that you have now double you initial $200 to $400.

If you do the same on the following month with you 5% being equal to %20 at the end of the month you will have turn $400 to $800 and so on and so on.

Remark : we are using using this , $1 = R15

Now lets see how to turn R1000 to R1 million

Start : R1000

Day 1. R 1000 to R2000

Day 2. R4000

Day 3. R8000

Day 4. R16 000

Day 5. R 32 000

Day 6. R 64 000

Day 7 . R 128 000

Day 8 . R 256 000

Day 9 . R 512 000

Day 10. R1 024 000

This is awesome and possible , if you think days are short change from days to month and use the math i gave you above. If you chang from days to month you can turn R1000 to R1 million in 10 month, but the truth is that you can turn 10oo to R1 million with forex trading.

Confidence talk 

Everyone who is doing forex right even with a little knowledge , can atleast double thier money per month and most of those doing forex are tripling thier money every month.

You can also read :  How to turn R1 to R 1 million in 20 days via forex  and At The Age Of 24 He Is A Multi-Millionaire

Image result for sandile shezi and patrice motsepe

HOW TO TURN R1 TO R 1 MILLION IN 20 DAYS VIA FOREX , YES THIS IS A TRUE STORY .

All you need is a free forex traing , and forex trading strategies.

believe it or not , in 20 days you can turn R1 to R1 million , using a good forex trading strategies like the one i am going to tearch you now. you can now get you calculator so that you can confarm that the numbers are correct.

Very few people know this strategy and this means that you too can join and become a millionaire in lest than one month or so. lets get into a bussiness

.Image result for zar 1 rand to     Image result for rsa money

Strategy 

if you have R1 on you forex account from any broker of your choice , all you have to do is to aim on doubling the your money everyday , Confused , yap i get it you think it is not possible but it is and is one of the strategies being used by most of the millionaire. here is the simple math you can also do with your calculator.

Day 1.  You have R1  and you double it to R2

Day 2. You double your R2 to R4

Day 3. R4 to R8

Day 4. R8 to R16

Day 5. R16 to R32

Day 6 R32 to R 64

Day 7. R64 to R128

Day 8 .R128 to R256

Day 9. R256 to R512

Day 10 .R512 to R1024

Day 11. R1024 to R 2048

Day 12. R 2048 to R 4096

Day 13. R4096 to R8 191

Day 14.  R8 191 to R16  382

Day 15. R16 382 to  R32 764

Day 16. R32 764 to R65 528

Day 17 . R65 528 to R131 056

Day 18. R131 056 to R262 112

Day 19 . R262 112 to R524 224

Day 20 . R524 224 to R1 048 448

Here we you , we hit R1 048 448 on day 20 , using the same strategy imagine what you will do if you continue the same way for another 20 days.

Yes is true forex is risky , just driving a car , it is very risky if you do not know how to drive. The only thing you have to do is to learn how to trade using a demo account provided by you broker, then when you get comfortable , start doing the real thing.

The reason why we write tests at the University , College , University of technology …etc , is because we do not have to learn with the real situation because it might cost you a life. example a doctor , How many people will die befere he /she get educated. now make sure you use the demo to learn not a real account.

One of my favourite in South Africa is Sandile Sheze , he is making millions already also using the same stratege.

Image result for sandile shezi

Click here for free forex training 

At The Age of 24 He is a Multi-Millionaire

At The Age of 24 He is a Multi-Millionaire

In 2015, Sandile Shezi made himself famous. Famous for being a multi millionaire at the age of 23. A lot of people might be wondering how he was able to achieve this and more.

Sandile standing next to a Ferrari and Lamborghini

Sandile standing next to a Ferrari and Lamborghini

Sandile has been growing with a business mind. He told attendants in a presentation at the Meropa casino on the 17th of July that he used to sell muffins at school. He also started researching about his current business at the age of 17. Now at the age of 24, he is one of South Africa’s youngest self-made multi-millionaires.

How does he do this
Sandile is a forex trader. A forex trader basically is a self-employed person who uses a computer with internet access to trade currencies online. This is simply, buying and selling of currencies.

He also provide training for interested individuals on forex trading. He owns a company called Global Forex Institute which at the moment have 3 branches one in Sandton, Umhlanga and also in Swaziland. He said during the presentation that he would like to expand to the rest of Africa by the end of 2016.

One thing that he said that grabbed my attention was when he said “It’s not that African people are poor, but it’s their mindset that are poor”.By this, he encouraged attendants to implement whatever thoguhts or plans they have in order to be successful.

Before he ends his presentation he told attendants at Meropa Casino in Polokwane that he has just bought a Ferrari. “I withdrew money from my Forex account and that’s when I went to the garage and swipe”

Ferrari keys

Now look around on this website for other ways that you can use to make money at home.
Other than Forex you can also Make Money Blogging…

Please share this story to inspire more young people. Thanks for reading and sharing this