FOREX TRADING

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Forex trading (one of the most popular forms of day trading) is the coming together of banks, businesses, governments, investors and traders to exchange and speculate on currencies. It is the largest and most liquid of all markets. It is the trading of one currency against another. It is not a central marketplace, but an over-the-counter trade. Banks vary in price. Feeds from the different banks are taken into account by a broker who then works on a rough average. The broker effectively performs the transaction, creating the market.

Forex trading platforms south Africa

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.
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

In 1876 it was decided that all currencies should be backed by gold. This was
called the Gold Standard. However, linking currencies to the price of gold led to boom-bust patterns. With the outbreak of World War II, most European countries did not have enough gold reserves to back up their paper money. As a result the gold standard was dropped. It was then decided that there would be fixed exchange rates, with the US dollar becoming the primary reserve currency and the only one backed by gold. This was called the Bretton Woods System.

In 1971 the US announced that it would no longer exchange gold for US dollars in foreign reserves. This led to the end of the Bretton Woods System. The breakdown of the system led to the acceptance of floating foreign exchange rates. During the 1990’s foreign currencies became widely electronically traded.

The most important trading centres are London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.

Forex trading carries a risk of capital loss.

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.