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    Forex Trading: Real Life Example

    Have you travelled abroad to another country? If you been to a foreign country, then it is likely that you may have converted your local currency i.e. South African Rand (ZAR) to another currency like Euro or a US Dollar. If you exchanged your currency before, then you have already traded in...
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    Do Forex traders have to pay tax on my profits?

    Yes, you will have to declare any profits you make while trading and may have to pay capital gains tax on them if you are a private investor. If you are a self-employed trader, you will be liable for any tax on the profits.
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    What is the best time for trading Forex?

    The Forex market is open 24 hours a day, Monday-Friday, but the best time to trade Forex is when the world’s major stock markets are most active. The more traders are active in the market, the more volatile the market is – and the more volatile the market is, the easier it is to make profits...
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    Which currencies pairs can I trade?

    You can trade in a vast number of permutations of freely floating currencies. Many traders choose to focus on one or two major currency pairs so they build a good level of expertise and knowledge of those currencies, their trading patterns and successful strategies. Examples of major currency...
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    What is the difference between Forex trading and stock trading?

    When people think of trading, they often think of stock trading and believe Forex trading is almost the same thing. But this is incorrect. Stock trading is the buying and selling of shares from individual companies. Forex trading is the simultaneous buying and selling of currencies to profit...
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    Advantages of Forex Trading

    The most obvious advantage is the potential for high returns and financial freedom. Many Forex traders dream of making enough money to quit their day jobs. But not everyone will be able to do this. Traders have to develop new skills such as market analysis, data analysis, charting and a...
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    All good traders will use a combination of fundamental and technical analysis to find opportunities in the Forex market and there are several great to

    Autochartist: is a lightweight technical analysis tool that can be plugged directly into your trading platform. It analyses trends in price action and highlights trading opportunities based on automated technical analysis across a huge number of Forex pairs. Trading Central: A more robust...
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    There are a few common strategies in Forex trading, the strategy that works for you will be dependent on your personality and lifestyle.

    Scalping: Scalping is when you open and close trades very quickly in times of very high volatility. The goal is to make lots of small profits over the course of the period of volatility. Scalping can be effective but requires a lot of free time and close attention to detail. Day Trading: Day...
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    What Changes Forex Prices?

    any knows about boom and crash? Like all markets, currency prices are set by supply and demand. But the constant shifts in supply and demand of the dozens of frequently traded currencies makes the Forex market more complex than most. Happily, there are a few indicators that traders can use to...
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    forex How does the Forex market work?

    Hello The Forex market is the largest and most liquid financial market in the world, with a daily trading volume of approximately 100 trillion Rand (6.6 trillion USD – 2019). And Forex trading is buying and selling currencies on this market. A forex trader will buy a currency at the current...
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