accident. Nowadays resources that were once only available to large financial institutions are open to everyone. Nevertheless the current state of play reflects what traders have been demanding of their brokers, and one of these demands has been for ever-increasing leverage ratios. These documents can be found here. For instance, the price of one British pound could be measured as, say, two US dollars, if the exchange rate between GBP and USD is 2 exactly. If the rand suddenly plate-forme option binaire 1 euros strengthens to R12.50, you can wipe out nearly 80 of your entire investment.
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Global Trader is owned by the JSE-listed Purple Capital Group and IG is a UK-listed company with offices in about 15 countries, including South Africa. If there is a minimum trade fee of 10, that will add up every time you close or open a position. As Simon Brown of online financial education site m explains, forex trading is more or less a zero-sum game for a trader to make money, somebody needs to lose. So, basically, a platform that encourages a high trading strategy is there to make money out of you. Stocks are a perfect case in point because even though the facility does exist for investors to short stocks, shorting a stock is more complicated, involves taking on more risk, and in some cases additional fees, than when buying or going long. To block, delete or manage cookies, please visit aboutcookies. Forex trading can also be used as part of a trading strategy where your portfolio may be overexposed to one currency and you wish to diversify, or if you believe that a currency will devalue due to political or economic events. How This Tool Works, this calculation follows the following formula: (Closing Rate - Opening Rate) * (Closing"/home currency) * Units. You decide to buy back your 10,000 at the offer price.8313, a cost of 8313. Only use credible platforms: There are several credible platforms in South Africa where you can trade forex, including Standard Banks Webtrader, Sanlam iTrade and PSG online.