take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. The get-rich-quick schemes will often punt high gearing as a way to double your money overnight, but what they never tell you is that a single trade can wipe you out and no one gets it right consistently. You only physically invested R10 000, so that equates to a 37 return. Duncan says people also dont understand the costs of carry, which is the interest rate you effectively pay for holding a position. Hindsight is wonderful as you can show where you should have bought and sold, it is very easy to show in a demonstration, says Duncan, who adds that what they dont tell you is that, in reality, the currency can move in any direction. Global Trader is owned by the JSE-listed forex kauplemine turul Purple Capital Group and IG is a UK-listed company with offices in about 15 countries, including South Africa. Its the most liquid market in the world and the best traders in the world gravitate to forex, so you need to beat the best. He explains that, if you take a position that the dollar will strengthen against the rand and you are paying a 10 interest rate, the rand must depreciate by more than 10 to make a profit. Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. People say they have made a trading profit, but when you look at the costs, they usually havent, says Duncan. Regional restrictions : fxtm brand does not provide services to residents of the USA, Belize, Japan, British Columbia, Quebec and Saskatchewan and some other regions.
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If the rand suddenly strengthens to forex bank kurssi R12.50, you can wipe out nearly 80 of your entire investment. The exchange rate is R13.50 for 1, so your R10 000 buys 740.74. Find out more in the. We also support expert advisors trading bots for MT4. I run an online share trading platform and I dont consider myself a forex trader. You can even specify your own customized stop-losses* or profit targets.
Of course, its a bit of a drag, to have to jump like a trained monkey every time your phone dings and a trade signal arrives. As you are only buying exposure to the currency, the broker can offer you a leveraged position where, for example, your R10 000 gives you R100 000 worth of exposure. The reality is that they are trading aggressively and closing positions daily, which just adds to the cost of trading.