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Posts tagged as “Forex South Africa”

Forex Trading Guidelines That Are Easy To Understand

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The world of forex trading can be difficult, after all, forex is the greatest and most liquid market worldwide and includes all the currencies in use today. Many individuals lose a great deal of money when trading currencies, but this post includes numerous ideas to help make your forex trading experience successful.

Constantly evaluate and study any losing forex trades. To prevent getting upset, a lot of forex traders will not look at their losing trades. However, by examining currency trades that were not profitable you can find precisely what you did wrong and avoid making the same mistakes with future trades.

In forex, if you are not exactly sure how to do something, do refrain from doing anything! There is genuine money on the line and if you do not understand why you are making a move that you are making, you ought to not be doing it since there is an excellent opportunity that you will lose your money.

To be successful in Forex trading, keep your trade strategies, and analysis simple and easy to understand. Well-arranged, specified, and observed objectives, as well as practices, will do you the most excellent. Withstand the urge to over-analyze and particularly justify your failures, as this will avoid you from gaining from them.

Lots of experts and books suggest that starting forex traders restrict themselves to trading one currency set. What goes unmentioned is that skilled traders must also stick to one pair or 2 or three at the most. The factor is easy: Forex success relies on an extensive understanding of how a currency pair trades. A trader spread too thin over a lot of pairs will not have actually the knowledge needed to make a profit with any of them.

Get utilized to being in the minority. Lots of people selling Forex markets and other stock markets lose, so if you want to win you've got to protest the tide a minimum of a few of the time. Only a few individuals win big and if you desire that to be you, be comfortable doing something everybody isn't doing.

To prevent making the exact same Forex trading errors over again, think of keeping a trading journal or journal. By keeping a journal, you can keep notes on why you made particular trading choices at particular times and what the outcomes of those decisions were. This process can show to be extremely useful while you're finding out Forex trading.

When trading forex, bear in mind that choosing to stand aside and not trade is likewise a position. When you take a position, your method should make every effort to put you in the position with the highest likelihood of profits, or a minimum of loss-prevention. Sometimes, the very best position is beyond the marketplace.

Hopefully, the guidance provided above has actually made forex south africa trading appear less intimidating to you. So, apply the ideas from this article today and see if you can grow your forex trading profits. Your objective should be to become one of the 10 % who get in the market and continually generate income.

Plus500 Open Offices in South Africa

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Plus500 is arguably one of the best-known Broker known for trading CFDs on forex, commodities, shares, indices, and ETFs, making it one of the few platforms that trade with such a variety of instruments. Founded in 2008, the company is currently headquartered in Sydney, Australia, but is regulated in South Africa by the FSCA. According to several Plus500 Reviews like on the well-known South African Trading Portal tradeforexinsa.co.za (Plus500 Review), the platform currently provides over 2000 tradable instruments to its clients. Plus 500 has low spreads, with the leverage offered up to 1:300 and no additional hidden charges. Unlike other brokerage websites, Plus 500 displays all past trades and current positions of the asset in a user-friendly way.

Plus500 offers an individual trading account to its users. To check whether their users are aware of the basics of CFD trading, it conducts a small test. The minimum deposit required is $100 and they take payments through electronic wallets, credit/debit cards, and even bank transfers.

All of Plus500’s subsidiaries are regulated and authorised by the regulatory bodies of the countries they are situated in. The subsidiaries are licenced by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission along with Financial Sector Conduct Authority (FSCA) in South Africa. Furthermore, Plus500’s CFD trading platform is also licensed in Israel and by the Monetary Authority of Singapore.

Fully Staffed Office in South Africa

According to some recent reports, Plus500 has made a commitment towards a big expansion in South Africa. A brand New Subsidiary called Plus500 SA Pty was licenced under the Financial Services Board of South Africa as an Authorised Financial Service provider.

This is not the first time Plus500 has been operating in the country, as it has already been providing services under its Australian subsidiary since being licenced back in 2017. This latest move indicates the firm’s intention to expand its presence inside South Africa. With plans to open a fully-staffed operational base in South Africa, Plus500 is looking to expand further in the region. This comes at a time when regulations in Europe would cause limitations to growth in the near future.

About the New Operations Office

The recent expansion plans in South Africa are part of a much wider effort of diversification by Plus500. With the latest South African addition, the firm has now expanded licenced subsidiaries across four continents. Big offices of Plus500 are in Haifa in Israel, Sofia in Bulgaria and Limassol in Cyprus. These locations are paramount to the diversification of the company’s client approach, while also securing a diversified cost base for staff. The new office in South Africa will, hence, further boost the company’s capabilities when it comes to onboarding clients from emerging markets. This is key at a time when Europe is increasingly being restricted by regulatory limitations.

Concluding Thoughts

Plus 500’s move to open offices in South Africa would enable them to easily expand its global customer base even further. It already has future plans in store for getting registrations in other countries as well, in a hope to diversify the geographical revenues.