Best currency trade forex today - Live Exchange Rates - USD/ZAR | OANDA
What are the financial and extradition laws between countries? What are the tax laws applicable to both countries?
Be a responsible investor and ask tough questions! Pho3nix The Legend Dec 18, Joined Jul 31, Messages 26, One mistake new traders make is choosing an unregulated broker.
If the company folds, anything could happen to your hard earned money.
One problem however is knowing where and who to ask the difficult questions. For the average trader access to correct information is often difficult, and there are numerous self made "millionaires" frex the masses.
A little research does go a long way. Don't follow the crowd, be your own trader. Strategy wise, an individual must decide whether they are more suited to: Short term trades lasting a few minutes or days 2.
Longer trades lasting a few days and more. Either way, your chart reading technique must utilize at least 3 or 4 different time frames.
This helps in confirming trends. Coupled with trusted indicators and a trading strategy bdst one will follow to death, you're one step closer to being a good trader.
Usually many people are their worst enemy when they move from demo trading to live trading. Learn how to manage emotion.
Sticking to a toxay no matter what helps, and it makes it easier to pick areas of improvement if you know what you're doing. It's not about the platform, your capital or strategy, it's about you and how well you manage them.
FrankieK Senior Member Dec 18, Joined Jan 14, Messages Someday, somebody needs to explain to me the allure of forex trading. Is it because it is advertised the most?
Or because it is easy to get started? Or because it is a foothold into currenccy more exotic? Or it is the only thing people think of when they think "trading"? Of course it is a massive business, so I'm not knocking it.
Thor Honorary Master Dec 19, Joined Jun 5, Messages 34, Couple FSB accredited brokers lately. Forex trading seems to be booming lately with a couple self made millionaires.
They will let you have free access for, I think, two months and you can reset the platform when you lose all your paper money. Forex is heavily leveraged.
And like that wild girlfriend you had at 'varsity, when she's on she's astonishing and when she's not she's downright diabolical. Forex trading is NOT for amateurs. Honey Badger Honorary Master Jan 30, Joined Apr 30, Messages 15, From this thread YingYang said: That's somewhat true, best currency trade forex today nowadays the brokers are also market makers.
Meaning if there's nobody to take the opposite position to yours, then the broker best currency trade forex today take it. What is however a problem with demo account is there's no slippage. When currenfy on a live account, the larger the lot size the bigger the slippage A real account is much more psychologically taxing, much, much more.
And the reason is simple: How much are you willing to lose before you walk away? How greedy are you;when do you take profit?
How do you react when you lose a great deal of money? Why don't you run it yrade a server in SA you ask. Some tips from my personal experience: Every time you fail to do this then start from scratch.
Choose a broker who puts your money in a segregated bank account. All Australian forex brokers have to comply with this by law. This way, the broker can't use your money for business activities. They can also not touch your money once the company folds.
Always know how much you're willing to lose and gain before opening a position; don't move your goalposts. If you've made three or more consecutive bad trades in a day, don't trade again on that day.
You will lose money and there will be times when you feel the world is against you. Dust yourself and try again. Thanks to all your feedback so far.
Currently I have decided to open up a demo account with GT Future Trader, as when you want to open a live account the min amount is R - perfect for me. Going to read the manual yoday see how the platform works.
Still fofex bit confused cause if I best currency trade forex today something, I can't see my current holdings. Diplos Senior Member Jan 30, Joined Aug 7, Messages Keep a close eye on the economic news calendar - various sites have them, for example: Either make sure your positions are closed and sit it out, or take a position shortly before the announcement.
Fprex Member Jan 31, Thor Honorary Master Jan 31, Joined Jun 5, Messages 34, FrankieK Senior Member Jan 31, Thanks for the feedback! I understand its the craziest market and I want to try educate myself a lot before stepping into it.
Cudrency have decided to only put a small deposit into the accounts and once thats gone then it's gone. Investar Member Feb 2, Great fun to be had there at FrankieK Senior Member Feb 2, I'm best currency trade forex today forexbrokerz arbitrage sure about the leverage when trading forex but the essence is the same.
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