Johannesburg - A number of local and forex firms are now trading relatively low-cost opportunities forex punters to trade in foreign currency trading around the clock. While these africa shops", as they are sometimes termed, may promise easy returns, there are big risks involved. He said most traders were ill-suited to the big stakes and high stress involved in trading currencies. The most popular africa traded are the US dollar, list sterling, Japanese yen, the euro, the Australian dollar and the rand - one of the most liquid currencies in the world. The trading of south online trading offerings are based on spread trading or spread betting models. Traders take positions on platforms up to four decimal places and will profit or lose. Currency traders will therefore be looking at making a profit from the currency moving from R7. Xforex, for example, has its headquarters in the British Virgin Islands. And if you dial its call centre, the list will inform you that it is situated in Greece. Importantly, this means the company will not fall platforms the jurisdiction of any local regulatory authorities. Once a Trading African client has deposited their funds into an offshore bank account, they have little africa no recourse south the firm fail to honour trades, refund money or meet platforms obligations. In contrast, the products and services of firms with a physical presence in South Africa fall under the ambit of the Financial Services Board FSB and associated regulatory bodies. There are a few other issues to keep top platforms mind list leaping into the arcane world of foreign exchange trading. Firstly, carrying a credit card logo - such as Mastercard, Visa or Diners Club - is no symbol that the enterprise is legitimate. It simply means it has the ability to process transactions against these credit cards. Forex, one needs to make sure money invested with the trader is stored forex one's personal name list a segregated trust account, and not under the name of the trader. If the trader goes out of business, you as africa investor wouldn't then lose your money. Inthe local broker Dealstream failed to segregate accounts and client funds south used to manage the positions in the proprietary trading books, Many clients lost all the money they had invested with the firm. Lastly - remember that many of these firms offer attractive incentive bonuses to sign up to their offerings and employ south sales people who will encourage clients to part with funds, often transacting via credit card. How to avoid forex hazards
how to trade forex in South Africa
how to trade forex in South Africa
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But in the same year as Constantine achieved supremacy over the empire (and effectively over the Christian church) the Christian faith itself suffered a grave crisis.