Then you buy euro with dollars and then you wait, exchange rate changes. Suppose the dollar rate went from 1.

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If you think your money is not bothering, then here is the good news, there are special tools called leverage. Leverage is funded you borrow from your broker to multiply your deposit.

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It is a very good trade, right? Just remember, higher profits have more risk, so the risk is an important part of trading.

Currency rate depends on supply and demand. The currency rate generally depends on the economic situation of the country. Usually, the currency rate depends on the political, economic, social conditions of the country.

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As you have seen, the unemployment rate in Europe has decreased, which means that the euro rate will increase. You can use the currency rate chart to create a forecast. The pattern of the graph will tell you what to do.

You can review the most popular pattern, head and shoulders pattern. Technical analysis is a framework, Here forex traders study price movements.

Through this theory, one can see the movement of the historical price, know the current trading status and know the price movement. According to the technical analysis, all the current pieces of information about the market are exposed through price. In this era of trading, when one speaks of technical analysis, the first thing that comes to mind is a chart. Technical analysts use the chart because historical data is available through the chart. Through technical analysis, you will get the opportunity of good trading. Only with a lot of analysis and practice you become a better trader and earn a living at home.

My brief introduction: I am an Engineer Sanowar Hossain. Currently working as a freelance web developer a Websites have to be fast, which is fast-loading because visitors don't spend more than 7 seconds to load a site. The Facebook instant article is designed to help your target audience to gain access to your conten Worldwide, Almost 8 billion videos are viewed every day.

The popularity of youtube is increasing day by day. Users spend about 35 minutes a day on youtube. Currently, it is very easy to earn from youtube. You can The JSE provides a range of instruments involving currencies that investors can use to trade in forex.

Derivative instruments are financial contracts whose value is linked to the value of the underlying asset. The JSE offers a range of currency derivatives on-exchange trading. Those derivatives track the rand exchange rate against the US dollar, the pound, the Australian dollar, the Japanese yen, the Chinese renminbi, the Swiss franc and other currencies.

Every transaction is cash-settled in rand, with no physical delivery of the underlying foreign currency. South Africans can legally trade forex derivatives through a JSE-registered broker , which fulfils the regulations laid down by the JSE. One cannot directly go to the JSE to purchase derivatives, hence a broker is essential. The broker acts as a gateway between you and the JSE, executing your orders. The type of broker to choose depends on the investment style, time frame and risk tolerance required by the investor. Payment and delivery are instant, which distinguishes it from currency derivatives.

If the buy currency value rises in future, the holder may sell it for profit by selling it. In spot FX, the currency values change in pips, which is a percent of a percentage change in value.

For example, if the spot price of dollar or rand is For each pair, a pip has monetary value and profits are calculated against the change in pips multiplied by its value. Brokers that abide with global regulations are much better when it comes to the safety and transparency of funds. Scams: As money coming in from all kinds of investors, South Africans have become prone to scams in the name of forex and cryptocurrency. The digitisation of the entire trade life cycle has made it easier to defraud gullible investors via the internet, as the FSCA has warned. Con artists flaunting riches on social media, WhatsApp investment advisers allegedly representing a global broker, or unlicensed brokers promising to bring in huge returns are red flags and should be avoided at all costs.

Leverage: Leverage offered by brokerages is a main risk that cuts both ways. With, say, a x leverage on offer, just by making a small deposit, such as R1,, a retail investor can take a position of R, x R1, With that position size, while profits can come at lightning speed, a few pip moves against you can wipe out your entire trading account — and this happens often.

The solution lies in working on the behavioural aspects and not using leverage higher than until you are confident enough and has developed the right knowledge. Effective risk management goes a long way to reducing your risk. Would you like to comment on this article or view other readers' comments?

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