Day Trading South Africa

The buying and selling of financial instruments within a day with the
goal of making a profit is called day trading. Common day trading financial instruments are
stocks, binary options, cfd’s, forex, indices and commodities.
Social trading has also recently became popular.

 

Day-trading.co.za is the top SA to online day trading for 2021. We accommodate beginners and we offer several tutorials about day trading in South Africa. Our Team of Day traders have careful reviewed all listed brokers on our website to ensure that your day trading is safe for all our visitors.

Day trading platforms south africa

Trade with :
Min. Deposit
R 3500
4.5 rating
4.3
T&Cs Apply
South African Customers Only

Forex, Margin & CFD are complex instruments and come with a high risk of losing money due to leverage.

Trade with :
Min. Deposit
R3500
3.5 rating
3.5
T&Cs Apply
South African Customers Only

Authorised and regulated by the Investment
Trade with:
Min. Deposit
R 2500
4.8 rating
4.8
T&Cs Apply
South African Customers Only

*Risk Investment Warning: Trading Forex/CFD & Options on margin carries a high level of risk, and may not be suitable for all investors.
Trade with:
Min. Deposit
R 4000
4.8 rating
4.8
T&Cs Apply
South African Customers Only

*Risk Investment Warning: Trading Forex/CFD & Options on margin carries a high level of risk, and may not be suitable for all investors.

Scalping is a commonly used technique. It simply means that traders hold positions for a very limited time. Most day traders exit positions before the market closes in order to avoid unmanageable risks. Price gaps can occur between one day’s close and the next day’s opening.

Commonly used terminology in day trading includes “margin trading.” This basically means that they “borrow” money to trade. This can lead to huge profits, but also major losses. Buying on margin is very common. The interest rate is based on a broker’s call.

Day trading

Originally when stocks were traded a trader would contact a stockbroker who in turn relayed the order to a specialist on the floor. The specialist then got hold of whoever was interested in the order, process it and write the tickets. This effectively transferred the stock. Brokerage commissions were set at 1% However, in 1975 it changed. This allowed brokerages to charge commission fees of their own. The lower commission fees lead to much better and more competition. It was also one of the first moves to allow the start of day trading. Electronic ownership transfer was the last step that made today’s online day trading possible.

A very important necessity for day traders is market data. Real data feeds are available. These come at a very low cost. Usually brokers require traders to make a certain volume of trades each day in order to cover the costs of these data feeds. The requirements aren’t high. Even a moderately active day trader can expect to meet the requirements. By meeting these requirements the data feeds essentially becomes free. More advanced data feeds are also bought some of the more experienced traders.Some day traders also buy complicated analysis and charting software. These systems vary in price, from a few cents to hundreds of dollars per month.

Forex trading is by far the largest of these trades. Both CFD trading and Binary Options trading allow traders to trade on a specific commodity without actually owning the real stocks.

Originally day trading was the domain of financial firms and professional speculators. However, day trading has become more common and popular with the advent of electronic trading.

When start day trading your looking for a broker that is going to execute trades on the market. Before choosing the broker, you have look into the following important points.

Important points in Day Trading

  • Costs – The Lower the fees and broker commission rate, the more advantageous day trading.
  • Speed of execution – Speed is important in day trading, the more trades you make the more profit for you.
  • Regulatory compliance – Make sure that your Broker is regulated.
  • Support – 24/7 is Important in case you’re struggling or you need withdraw.
  • Spreads, Leverage and Margin. – As day trader you need competitive spreads.

Day Trading strategies in South Africa

  • Swing trading
  • Trading zones
  • Trading on volume
  • Scalping
  • A simple day trading exit strategy

Trading Accounts

  • Cash account
  • Margin account
  • Professional account

Scalping is a commonly used technique. It simply means that traders hold positions for a very limited time. Most day traders exit positions before the market closes in order to avoid unmanageable risks. Price gaps can occur between one day’s close and the next day’s opening.

Commonly used terminology in day trading includes “margin trading.” This basically means that they “borrow” money to trade. This can lead to huge profits, but also major losses. Buying on margin is very common. The interest rate is based on a broker’s call.

Day trading

Originally when stocks were traded a trader would contact a stockbroker who in turn relayed the order to a specialist on the floor. The specialist then got hold of whoever was interested in the order, process it and write the tickets. This effectively transferred the stock. Brokerage commissions were set at 1% However, in 1975 it changed. This allowed brokerages to charge commission fees of their own. The lower commission fees lead to much better and more competition. It was also one of the first moves to allow the start of day trading. Electronic ownership transfer was the last step that made today’s online day trading possible.

A very important necessity for day traders is market data. Real data feeds are available. These come at a very low cost. Usually brokers require traders to make a certain volume of trades each day in order to cover the costs of these data feeds. The requirements aren’t high. Even a moderately active day trader can expect to meet the requirements. By meeting these requirements the data feeds essentially becomes free. More advanced data feeds are also bought some of the more experienced traders.Some day traders also buy complicated analysis and charting software. These systems vary in price, from a few cents to hundreds of dollars per month.

Day trading
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.