Trading Forex Online: Your Questions Answered!
Answering Questions About Trading Forex Online For South Africans.
There have been a few inquiries from subscribers asking me whether it is safe to open up a trading account and if it is true that you can make money trading forex online, or with other commodities and assets? As mentioned in the past, my son trades full time for a living, I have two trading accounts of my own, and if you are smart, you can also manage your own investments, and even make good money trading forex online; either part time or full time as you prefer.
Recently Economists Predict Quote”Despite the rand’s recent strength, the R/$ is likely to return to around R/$16.50-17.00 by the end of 2017, representing a 20% depreciation from current levels. Existing rand levels offer an attractive opportunity to invest offshore, including in other emerging markets.”
Other concerns that came up are that the trading platforms where you can open up accounts are mostly overseas based, and how safe is it to deposit and manage your investment, never mind trade in the financial markets with these companies. Of course it is important to avoid trading scams and false Get Rich Quick schemes, and there are quite a few of these around, with fancy sales pages and videos. Here is what I recommend though it should not be taken as financial advice.
There are two licensed, registered trading platforms where you can open accounts with confidence, learn how trading forex online works, and get all the support and resources you need to learn how to trade successfully in the financial markets. (See further on in this article)
Where is the Rand Going?
It’s also good to have some money offshore in another currency because as we are an emerging market, and with the current instabilities in politics, major events overseas like Brexit, and the upcoming US elections who knows how this is going to affect our currency? If you are interested in opening up a trading account and managing your investment instead of leaving it in the banks or other financial corporation’s you can consider learning how to start trading forex online.
The recommended companies below, and shown to the right of this website, have call centers based in Cape Town and in Johannesburg so if you ever have any concerns or problems it is easy to get in touch and have them solved.
Submit your details and a consultant will call you to explain how it all works and how to open up your trading account…
If you are interested in learning how to start trading forex online be careful of the promises of easy riches in the shortest possible time. Even if you have no idea how to start trading forex online or assets and commodities in the financial markets, there are full education centers to teach you and you will find it interesting and exciting too. Most importantly to learn how to trade profitably it is vital to work through a reputable firm that offers legitimate trading platforms, solid coaching, guidance and support. Those recommend above meet all these criteria…
With the latest software, information on trading signals and some practice you can start trading forex online quite profitably, and if you have noticed the trends this is becoming popular all over the world and even advertised on TV overseas..
Learn Trading Forex Online With a Demo Account!
Legitimate share platforms where you can start trading forex online like the two mentioned above offer free money accounts for demo trading. You still trade live in the financial markets to see what happens without having to touch your investment until you are comfortable. Many new traders have gone on to really educate themselves on forex trading and as a result have done well increasing their small investments into large substantial amounts of money.
You may discover that some trading platforms online even match your initial deposits, so when speaking to the consultants ask about this because it will give you even more equity to trade with. Trading forex online or whatever you choose in the financial markets can be exciting and a smart way of earning some extra money online in your spare time, but learn how it works properly before diving in otherwise it can be a costly lesson.