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How to set up MetaTrader 5

How to set up MetaTrader 5

MetaQuotes’ MetaTrader 5 (MT5) supports trading in a wide variety of assets and facilitates access to foreign exchange, stock, and futures markets.

MT5 lets users check market data, see live prices, and make orders with their broker. Functions as varied as fundamental and technical analysis, copy trading, and automated trading are all part of its feature set.

In this article we take a closer look at the comprehensive functionality of the MetaTrader 5 platform, and provide a useful guide on setting up the MT5 platform when signing up with brokers like Khwezi Trade.

What is the MetaTrader 5 trading platform?

Forex, indices and commodities can all be traded on MetaTrader 5, as it is a multi-asset platform. Copy trading through the usage of trading robots and Expert Advisors, and in-depth price analysis are all facilitated by the use of cutting-edge technological resources.

MetaTrader 5’s Market Depth and order/trade segregation features make it a potent trading platform.

It works with both the standard netting system and the hedging option system for order accounting. Instant, Request, Market, and Exchange execution are the four order modes available to traders. Market, pending, and stop orders, as well as trailing stop, are all available on the site.

What are the differences between MetaTrader 4 and MetaTrader 5?

MT4, which debuted on July 1, 2005, is an electronic trading platform that is straightforward and uncomplicated to operate. It is designed specifically for the online retail FX market.

MT5, on the other hand, was released five years later on June 1, 2010, and it is a multi-asset trading platform that includes everything in one convenient package.

Traders are able to access their trading platforms around the clock and from anywhere in the globe by using the mobile versions provided by MT4 and MT5 on iOS and Android-powered smartphones and tablets. Traders can also use MT4 and MT5 on desktop computers.

Interactive quotation charts, a full range of trading orders, popular analytical tools, the opportunity to check account status, and the ability to buy and sell financial instruments are some of the functionalities that are given through both platforms.

A significant distinction between the two platforms that is worth pointing out is that MT5 provides market depth (DOM, which stands for depth of market), which enables customers to see the prices at which bids and offers are being made in various marketplaces.

The configuration of the trading system is yet another important distinction that should be pointed out. MQL4 is utilized for the development of trading programs that are based on the order system, whereas MQL5 is used for the implementation of a positioning system.

It is believed that MQL5, which is the successor to MQL4, is more user-friendly and has a higher level of efficiency. MQL4 demands the completion of multiple functions for each individual trading operation.

It is also important to keep in mind that the enhanced Strategy Tester for Expert Advisors will be available on MT5, along with Agent Manager for remote optimization.

Both MT4 and MT5 have execution modes that are comparable to one another. On MT4, traders have access to the following execution modes: instant execution, execution on request, and execution by market.

However, MT5 traders have access to an added mode of execution known as exchange execution. Orders are transmitted to an external trading system when using this option.

MT4 has four different order types for pending orders, which are execution modes used to buy or sell a market at a pre-set price at a later time. These order types include buy stop, buy limit, sell limit, and sell stop.

MT5 offers six different order types for pending orders. The buy and sell stop limit orders are the additional two that are made available by using this application.

What are the benefits of using MetaTrader 5?

MT5 is a powerful trading system that provides features such as distinct trading and ordering accounts, support for not only a variety of order types but also modalities of execution, and Market Depth.

Hedging can be accomplished through the use of the order accounting method in foreign exchange trading. This gives you the ability to open many spots in one instrument, either in the same direction or in the opposite direction.

In addition, the MT5 platform provides a total of four different techniques for order execution. These are referred to as Request, Market, Instant, and Exchange respectively. The fourth form of exchange is utilized for commercial transactions that involve the utilization of stock tools.

As a trader, one of your goals should be to have the ability to accurately forecast the direction the market will go in the future. This is due to the fact that it increases your chances of having success as a trader.

The MT5 platform gives you access to a variety of analytical tools, which enables you to do accurate price research and projections. The amazing tools for technical analysis that are made available to you can assist you in being better prepared for any changes that may occur in the market.

Some examples of these tools are the economic calendar and the financial news service that is offered by international news organizations. Because of this, you are better able to predict the fluctuations of prices across a variety of financial instruments.

The MT5 platform’s ability to conduct automated or algorithmic trading is, hands down, the best and most exciting function it offers. Automated systems perform market analysis and trade on your behalf.

Your only responsibilities are to choose a tactic and lay out detailed instructions for others to follow. The robot would act in accordance with the instructions and carry out deals on your behalf.

How to set up MetaTrader 5

1. Sign up with a MetaTrader 5 Forex broker

The first thing you’ll need to do to open a MetaTrader 5 trading account is to find a Forex broker that supports the platform. There is a plethora of options when it comes to brokers, which can make making a choice seem like an insurmountable challenge.

For traders in South Africa, the best place to start is to find an FSCA-regulated Forex broker, like Khwezi Trade, which will provide you with secure access to the markets and all the features of the MT5 platform.

2. Download MT5

MetaTrader 5 can be downloaded for PC, web or mobile use. Here, we show you how to approach all three options.

Downloading MT5 for Windows

Click or tap on the option to download MT5
To begin the installation, open the file that you downloaded and double-click it.
Please read the terms of the License Agreement. Please indicate your agreement by clicking the box to the right of Yes, I consent to all of the conditions that are outlined in the license agreement.
Select the folder in which you want the program to be installed. Click the Next button if the folder that was suggested is the correct option. If not, choose a folder by clicking the Browse button, and then click the Next button.
Choose the file from the Programs menu
You can install the MetaTrader trading platform by clicking the Next button, or you can click the Back button if you need to make any adjustments.
At this point, there is nothing more for you to do but wait until the program has been completely installed on your computer.
After the installation of the MetaTrader platform has been finished, you will be able to launch it by clicking the Launch MetaTrader button, followed by the Finish button.

Downloading MT5 for MAC

Select the option to download MT5 for MAC on your broker’s website
Open the MetaTrader5 application by going to the Applications folder.
When you right-click “Accounts,” you can choose “Open an Account.”
After you have typed in your broker name, for example “Khwezi Trade”, click the “Find your broker” button.
After clicking “Next,” choose “Connect with an existing trade account” from the drop-down menu.
Put in your user name and password here.
From the dropdown menu, choose the server on which your account is registered.
Done! You can close this window now.

Downloading MT5 for Android

Open an account with your selected broker, such as Khwezi Trade
Select the MT5 platform
Select the option to download the platform on your Android device
Follow the prompts to complete the installation process
You can now start trading on MT5 from your Android device

Downloading MT5 for iOS

You can either download MT5 from the App Store, or select the option to download it via the broker website
After installation, you can choose the option to access the platform from a live trading account or from a demo account (this option is also available for other interfaces above)
Provide your log in details and password to start trading

Khwezi Trade regulated by the FSCA

It can be difficult to find a reputable and reliable Forex broker that offers MetaTrader 5.

Khwezi Trade is an authorised financial services provider FSP 44816 and licenced ODP, meaning you can trade with confidence knowing your funds are safe.

With Khwezi Trade, you can be sure that your MetaTrader 5 experience will be positive. Download MetaTrader 5 for PC, web or mobile and start trading today!

Other Resources

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Forex brokers with ZAR deposit accounts

MetaTrader 4 forex brokers

10 Best MT5 brokers in SA

10 Best MT5 brokers in South Africa

MetaTrader 5 (MT5) is the updated version of the MetaTrader 4 trading platform from MetaQuotes, which is the industry standard. MT5 is also the first platform to incorporate multi-asset capability, which allows traders to trade stocks, futures, and forex.

Despite the fact that it is not yet as widely used as Mt4, MT5 is gaining support from an increasing number of brokers, providing investors with a greater variety of trading platform options.

Here, we list the 10 best MT5 brokers which offer sound regulation and excellent trading conditions.

Khwezi Trade

Khwezi Trade is a licenced ODP offering the MT5 trading platform, which is great for traders who want fast trade execution, so you can get in and out of trades quickly. Khwezi Trade also offers a variety of other features that make it a great choice for MT5 traders, including deposit ZAR accounts and customer-focused approach to assisting traders.

Pros and Cons

👉 Pros	❌ Cons
💵 ZAR Accounts are available	❌ Individual stock trading not possible
👮‍♂️ FSCA regulations apply to this South African-based company
🧰 Provides a wide variety of trading tools
💰Trading costs are reasonable
🕵🏻 Ensures compliance with OTC regulations
⚖️ A vast variety of trading options are available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 FSCA
💵 Minimum deposit from	💰 ZAR500
⚖️ Average spread from	👉 0,6 pips
📈 Commissions from	N/A
💸 Deposit/Withdrawal Fees	N/A
⚖️ Maximum Leverage	⚖️. 1:400
🤑 Bonuses	👍 30%
❓ Customer Support	🏪. 24/5

FXTM

FXTM provides clients with the option to open either a standard or an ECN account.

FXTM’s Cent Account requires a minimum deposit of fifty dollars (USD) and has spreads that begin at one and a half pip, but the company also provides two market execution accounts on MT5 that have spreads that begin at zero pip and leverage that may go as high as one thousand to one.

The Advantage Account has the lowest commission of any account type at just 4 USD round turn and has the tightest spreads of any account type. The minimum deposit for this account is 500 USD.

Pros and Cons

✔ Pros	❌ Cons
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA, FSC, FSCA
💵. Minimum deposit from	💰 $100
⚖️ Average spread from	👉 0.9 pips
📈 Commissions from	📈 No commission on Forex
💸 Deposit/Withdrawal Fees	🙅 $3
⚖️ Maximum Leverage	⚖️ 1:500 on average
🤑 Bonuses	💰 $300 Trading Bonus
❓ Customer Support	🏪 24/5

BDSwiss

In addition to Forex pairings, stocks, commodities, shares, indices, ETFs, and cryptocurrencies, BDSwiss also allows MT5 trading with no limits on trading strategy. B

BDSwiss provides traders of all skill levels with access to cutting-edge market information and education via its suite of MT5 trading tools. Experts from BDSwiss’ many fields provide analysis in the form of daily webinars, market insights, weekly outlook, and briefings.

Pros and Cons

✔️ Pros	❌ Cons
MetaTrader 4 and 5 available	Relatively high minimum deposit
Multiple regulations

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 CySEC, FSC, NFA
💵 Minimum deposit from	💰 $200
⚖️ Average spread from	👉 1.3 pips
📈 Commissions from	🚀 0.1% for stock and CFDs
💸 Deposit/Withdrawal Fees	💶 10 EUR from 20 EUR upwards
⚖️ Maximum Leverage	⚖️. 1:500
🤑 Bonuses	👍 No
❓ Customer Support	🏪. 24/5

FP Markets

With two MetaTrader 5 accounts and low spreads across Forex, stocks, commodities, indices, and cryptocurrency pairs, FP Markets is a top-tier broker that is regulated by the Australian Securities and Investments Commission (ASIC).

In addition to the RAW Account, FP Markets also offer a normal commission-free account with spreads beginning at 0 pips for a round turn commission per lot of USD 6. Both accounts require an opening balance of at least 100 AUD.

Pros and Cons

✔ Pros	❌ Cons
Low forex fees	High stock CFD Fees
Streamlined and fast account opening process	Limited product portfolio
Fast processing for deposits and withdrawals

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 Australian ASIC, Cypriot CySEC, SCB
💵. Minimum deposit from	💰 $100 / 1600 ZAR
⚖️ Average spread from	👉 0.5 pips
📈 Commissions from	📈 $55 monthly commission for IRESS Trader users only
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 $30 / 480 ZAR welcome bonus
❓ Customer Support	🏪 24/7

Pepperstone

Pepperstone is an Australian ECN broker that offers two basic accounts, is regulated by the Australian Securities and Investments Commission (ASIC), and offers full MetaTrader 5 (MT5) functionality, including hedging and share trading.

Scalpers and MT5 clients who use the platform’s built-in expert advisors will appreciate the speed with which most orders are processed.

Pepperstone’s Smart Trader Tools for MT5 is a collection of 28 expert advisers and indicators designed to facilitate better trade management and execution.

In addition, Autochartist, a robust pattern recognition plugin that automatically detects trading opportunities based on price movements, will be made available to all MT5 customers.

Pros and Cons

✔ Pros	❌ Cons
Low forex and equity index CFDs	Only forex, CFDs and cryptos available
No deposit fee
Negative balance protection

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FCA, ASIC
💵. Minimum deposit from	💰 AUD200
⚖️ Average spread from	👉 0.4 pips
📈 Commissions from	📈 ‎$3.76 commission per lot per trade
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 None
❓ Customer Support	🏪 24/5

FxPro

FxPro is a reputable FCA-regulated broker that provides NDD execution on MetaTrader 5, MetaTrader 4, cTrader, and its own web-based trading platform.

Spreads on 70+ currency pairs, indexes, energy, and precious metals are competitive, and the minimum beginning deposit for an MT5 account is just $100.

The vast majority of trades are completed in within 10 m

s, and only 9% of orders have negative slippage. If you’re interested in using MT5’s algorithmic trading capabilities across a variety of assets, these execution data will come in very handy.

Pros and Cons

✔ Pros	❌ Cons
Wide selection of market instruments
Client funds stored in segregated accounts Low trading fees

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 FCA, CySEC, FSCA
💵. Minimum deposit from	💰 $500
⚖️ Average spread from	👉 1.7 pips
📈 Commissions from	📈 $45 per million USD traded
💸 Deposit/Withdrawal Fees	🙅 1.6% for debit and credit card
⚖️ Maximum Leverage	⚖️ 1:500
🤑 Bonuses	💰 None
❓ Customer Support	🏪 24/5

XM

XM is a reputable market maker that supports the MT4 and MT5 platforms and has a large variety of account types, cheap minimum deposits, fast order execution, and a respectable selection of underlying assets.

XM’s Zero Account has no commission per lot and spreads as low as 0 pips. MT5 allows for hedging, scalping, and algorithmic trading.

If you’re interested in trading more than simply Forex, check out XM’s MT5 trial account, which comes with a virtual balance of $100,000 USD. Over a thousand different assets, including stocks, stock indexes, precious metals, and energy, will be available to traders.

Pros and Cons

✔ Pros	❌ Cons
Low CFD and withdrawal fees	Average forex fees
Great educational tools	Inactivity fees

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 IFSC, ASIC, CySEC, FCA and DFSA
💵. Minimum deposit from	💰 $5
⚖️ Average spread from	👉 0.1 pips
📈 Commissions from	📈 $3.5 commission per $100 000 traded
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:30
🤑 Bonuses	💰 $30 Trading Bonus
❓ Customer Support	🏪 24/5

AvaTrade

AvaTrade is a world-famous market maker that is licensed by the Financial Sector Conduct Authority (FSCA) and offers outstanding commission-free trading conditions on the MT5 platform.

Spreads on the EUR/USD pair start as low as 0.7 pips using AvaTrade’s MT5 trading platform, far less than with any other non-commission account. Forex, commodities, equities, indices, cryptocurrencies, bonds, and ETFs are all available to MT5 traders on AvaTrade.

Pros and Cons

✔ PROS	❌ CONS
Broad range of tradable instruments	High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 Central Bank of Ireland, MiFID, ASiC, BVI
💵 Minimum deposit from	💰 $100
⚖️ Average spread from	👉 0.9 pips
📈Commissions from	No commission on Forex
💸Deposit/Withdrawal Fees	None
⚖️ Maximum Leverage	1:400
🤑 Bonuses	First Deposit Bonus
❓ Customer Support	🏪 24/5 – multilingual

Exness

Exness is a registered broker that provides low-cost trading with its MT5 Standard Account, as well as tight spreads and low minimum deposits with its three MT5 Professional Accounts.

A single dollar is all that’s needed to open an MT5 Standard Account with Exness, which gives you access to trading in all of their assets, including cryptocurrencies and indices.

Pros and Cons

✔ Pros	❌ Cons
Well-regulated
Tight spreads
Over 130 currency pairs

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👉 CySEC, FCA
💵. Minimum deposit from	💰 $1
⚖️ Average spread from	👉 1.3 pips
📈 Commissions from	📈 3 USD and 10 USD per 1 lot for CFDs
💸 Deposit/Withdrawal Fees	🙅 None
⚖️ Maximum Leverage	⚖️ 1:2000
🤑 Bonuses	💰 Standard +10% Bonus Programme

HF Markets

Three of HFM’s six account types have No-Dealing Desk STP execution, and the broker is regulated by South Africa’s Financial Sector Conduct Authority (FSCA) since 2012.

There is a very low minimum deposit requirement of only 70 ZAR or 5 USD for the MT5 Micro Account, and the spreads on the major Forex pairings are only 1 pip.

HFM’s MT5 Zero Spread Account provides traders with access to spreads as low as 0 pips and a round turn commission of 80 ZAR ($2.50) on major Forex pairs.

Pros and Cons

✔️ Pros	❌ Cons
Award-winning broker	Offshore broker
Well regulated
Low minimum deposit

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 CySEC, DFSA, FCA, FSA, FSCA
💵 Minimum deposit from	💰 $5
⚖️ Average spread from	👉 0.0 pips
📈 Commissions from	🚀 USD 0.03 per 1K lot.
💸 Deposit/Withdrawal Fees	💶 None
⚖️ Maximum Leverage	⚖️. 1:1000
🤑 Bonuses	👍 100% Supercharged Bonus
❓ Customer Support	🏪. 24/5

Other Resources

Read this article on best OTC Brokers in South Africa

Why Trade Forex in South Africa?

Why Trade Forex in South Africa?

When it comes to trade forex in South Africa you will find it is a hotbed of activity. The country has a robust economy and is home to a large number of forex traders. In fact, according to the latest statistics, there are over 200,000 active forex traders in South Africa.

Are you looking for a new way to make money? If so, you may want to consider trading forex. Whether you understand how is an important factor you should consider with real money when trading cfds with a regulated South African broker who has an ODP licence. Forex is the world’s largest financial market, and offers traders a variety of opportunities to make profits. In addition, forex is trade 24 hours a day, five days a week, making it an ideal investment opportunity for those who have full-time jobs or other commitments.

The Forex Market

The global forex market is the largest and most liquid market in the world. Due to this liquidity, if you can afford to trade currency pairs and take the high risk involved on, it can be rewarding. It must be said that one can lose money when trading. The forex market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail traders. The Forex Market is unique in that there is no central marketplace. Instead, trading takes place electronically over-the-counter (OTC). You should consider if you can afford to take on the risk of losing your money when you enter the forex market, as cfds are complex instruments and come with volatility, which can affect your trading positions rapidly due to leverage.

Understand how cfds work when you trade forex?

A cfds is a contract for difference, which is an agreement between two parties to exchange the difference in the value of an asset from the time the contract is opened until it is closed. With forex trading, you speculate on the movement of currency pairs, and you don’t actually own the underlying currency. When you open a position, you will be entering into a contract with your broker. For example, if you buy Euros with US dollars, you are speculating that the value of the Euro will increase against the dollar. If your speculation is correct and the currency pair increases in value, you will make a profit. If your speculation is incorrect and the currency pair falls in value, you will make a loss.

When trading forex, you will use leverage. Leverage is a loan that is provided to you by your broker. This loan allows you to trade with more money than you have in your account. For example, if you have a forex account with a leverage of 1:100, it means that for every R1 you have in your account, you can trade with R100. While leverage can help you make bigger profits, it also increases your risk because you are effectively trading with borrowed money. All of this is important to understand how cfds work.

Khwezi Trade is an authorised FSP and licenced ODP. You can trade cfds with this provider. Trading cfds with this FSCA regulated broker ensures your investor account is kept safe in a segregated trading account at all times. This means withdrawals will always be processed on time, all the time.

The High Risk of Losing

When trading forex, it is important to be aware of the risks involved. Forex is a high-risk investment, and it is possible to lose the entire value your retail investor account. Many traders have been burnt trying to get rich quick overnight. This strategy is not recommended and comes with a high risk.

In addition, forex traders should be aware of the potential for margin calls and stop-loss orders. A margin call occurs when your broker demands that you deposit more money into your account to cover losses. A stop-loss order is an order that closes your position automatically when it reaches a certain price. These orders are designed to limit your risk, but they can also limit your profits if the market turns against you.

The best way to avoid these risks is to practice risk management and use appropriate leverage.

Risk Management for forex trading

Risk management is the process of identifying, assessing, and controlling risk. It is an important part of forex trading, and it should be a priority for all traders.

There are a number of risk management tools available to forex traders. These tools can help you manage your risk and protect your capital.

Some risk management tools include:

Limit Orders

A limit order is an order to buy or sell a currency pair at a specific price. Limit orders can help you manage risk by allowing you to set the price at which you are willing to enter or exit a trade.

Stop-Loss Orders

A stop-loss order is an order that closes your position automatically when it reaches a certain price. Stop-loss orders can help you manage risk by allowing you to set the price at which you are willing to exit a trade.

Risk-to-Reward Ratio

The risk-to-reward ratio is the ratio of the potential risk to the potential reward of a trade. A higher risk-to-reward ratio means that the potential risk is higher than the potential reward. A lower risk-to-reward ratio means that the potential risk is lower than the potential reward.

Diversifying Your Portfolio

Diversifying your portfolio is a risk management strategy that can help you manage risk by spreading your investments across different asset classes.

Forex trading is a high-risk investment, and it is possible to lose the entire value of your account. However, if you practice risk management and use appropriate leverage, of retail investor accounts losing. Remember to always do your research before entering any trade, and never risk more than you are willing to lose.

So, why trade online in South Africa? Here are four reasons:

1. The South African economy is strong and stable.

The South African economy has been through a lot in recent years, but has emerged stronger than ever. This makes it an attractive destination for foreign investment, and provides a stable environment for forex trading due to a high level of regulation.

The South African economy has been through a lot in recent years, but has emerged stronger than ever. This makes it an attractive destination for online trading and provides a stable environment. The country has a well-developed financial sector and is the largest market in Africa. It offers a great opportunity for those looking to take advantage of the trading profession. A feather in the cap for South Africa is the well-regulated financial environment.

South African financial regulatory framework

Our regulation is one of the most comprehensive in the world. The country has a number of regulatory agencies that oversee different aspects of the financial sector, including the South African Reserve Bank (SARB), the National Treasury, and the Financial Sector Conduct Authority FSCA.

The SARB is responsible for regulating the banking sector and ensuring the stability of the financial system. The National Treasury is responsible for managing the government’s finances, and the FSCA is responsible for regulating the conduct of financial institutions in South Africa.

The FSCA regulatory framework provides a high level of protection for investors, and ensures that forex trading is conducted in a fair and transparent manner.

Over-the-Counter Derivatives Provider (ODP) Regulation

The ODP regulation is a new measure to ensure the safety of traders. This will have a big impact on the forex market and how it is traded.

With this new regulation, traders need to find an ODP in South Africa to trade with. To check you your broker has applied for the OTC licence in order to operate as an ODP click on the link of FSCA approved Over-the-Counter Derivatives Provider

There are a number of brokers operating in South Africa without an OTC licence which has resulted in the FSCA issuing directives to suspend their business activities. It is very important to ensure that you are trading with a financial authorised service provider and licenced ODP entity.

2. The forex trading community in South Africa.

If you’re looking for an exciting and vibrant forex trading community, South Africa is the place to be. Here you’ll find a large number of traders of all experience levels, from beginners to experts. There are a variety of forums and chat rooms where you can share ideas and tips with other traders. SA forex traders are some of the most active and vocal in the world. You’ll find a wealth of information and resources online, as well as offline through forex meetups and events.

South Africa is also home to a number of forex seminars, where you can learn from the pros and get started in forex trading. These seminars are attended by some of the top traders in the country, and provide a wealth of information and tips.

Alternative ways to make money in the forex industry in South Africa.

If you’re looking for an alternative to trading and you have a large network, you might consider becoming an affiliate to a reputable forex broker. As an affiliate, you’ll earn commissions on the trades that your referrals make.

3. The South African rand is a major currency.

The South African rand is one of the most traded currencies in the world, which means that there is always a lot of activity in the forex market involving the rand. This makes it easier to find trading opportunities, and also means that you can trade with a currency that you’re familiar with.

The price of a currency

A currency price is determined by supply and demand. When there is more demand for a currency than there is supply, the price will increase. When there is more supply than there is demand, the price will decrease.

Some of the factors that can affect the price of a currency include:

– Economic conditions

– Political events

– Central bank policy

– Geopolitical events

– Investor sentiment

So, why trade the USD/ZAR?

When it comes to trading currencies, the US dollar and the South African rand are two of the most popular options. In fact, the USD/ZAR currency pair is one of the most actively traded in the world.

The US dollar is the world’s reserve currency, which means that it is widely accepted as a form of payment. South Africa is a major trade partner of the United States, so there is always a high demand for rand. The USD/ZAR currency pair is also influenced by political and economic events in both countries.

The two currencies are strongly correlated, meaning that they often move in the same direction. This makes the USD/ZAR a risky but potentially profitable currency pair.

The Strength of the Dollar

The US dollar is currently strong against the Rand, at R17 for one dollar, and the volatility makes it a good time to trade the currency pair. The dollar has been strengthening for the past few months, and there is no indication that this will change anytime soon.

The key reason to its strength is due to safe-haven buying. This is when investors buy assets that are seen as being safe during times of economic or political uncertainty. The dollar is often seen as a safe-haven currency, so it tends to do well during periods of turmoil.

The US dollar is also benefiting from interest rate hikes factor that is contributing to the dollar’s strength is interest rate hikes. The US Federal Reserve has raised interest rates three times in the past year, and is expected to do so again in 2018. This makes dollar-denominated assets more attractive to investors, and drives up the demand for the dollar.

Another Popular currency pair is EUR/USD

The price of the base currency is the amount of the other currency that is needed to buy one unit of the base currency. In other words, it’s the price at which you can buy a given amount of the base currency.

For example, if the EUR/USD exchange rate is 1.02, this means that you need 1.02 US dollars to buy one euro.

4. Reputable forex brokers in South Africa who have an ODP

When you’re choosing a forex broker, it’s important to choose one that is regulated and offers a good range of features and tools.

Forex brokers who conduct business in South Africa need to be an authorised financial service provider and must have an ODP licence from the FSCA. The ODP licence is the most crucial factor to lookout for when trying to find a reputable broker as it guarantees its business has been vetted by the FSCA.

Learn how to trade forex

When it comes to learning how to trade forex, there are a number of resources available. You can find information on trading platforms, and strategies on websites, forums, and chat rooms. You can also attend forex seminars and webinars where you can learn from experts in the industry.

With a little research and effort, you can be trading forex in no time. Here are two free website with great educational content:

– BabyPips

– Investopedia

Conclusion

If you’re looking for a new way to make money, forex trading could be the perfect opportunity for you. South Africa is a great place to trade forex. With a well-developed financial sector and good regulation ensuring a stable environment for trading. There is a large and active community of traders and you can choose from reputable OTC brokers in South Africa, so you can trade with confidence. So why not start trading forex today?

Khwezi a regulated FSP 44816 and fully licenced ODP

You want to trade forex, but don’t know how to get started or an experienced trader looking for a trusted broker.

Khwezi Trade is here to help. We are a regulated ODP with years of experience in the industry. We offer Forex, Indices and Commodities with low and stable spreads on the MetaTrader 5 trading platform and pride ourselves on our customer service.

Best OTC Forex Brokers in South Africa

Best OTC Forex Brokers in South Africa

Having an approved OTC application from the FSCA is vital to continue offering a trading platform in South Africa. There have only been a few OTC applications approved.

OTC brokers need to adhere to strict capital adequacy, corporate governance, and compliance requirements. These licences have been granted to ensure the safe trading environment for all South African forex traders.

When compared to STP brokers or NDD brokers, OTC providers offer smoother quotes during volatile conditions in addition to their standard deposit bonuses.

This presents a significant advantage for a variety of trading strategies and is one of the reasons why OTC providers are becoming increasingly popular.

We examine the best OTC Forex brokers in South Africa.

Khwezi Trade

Forex trading is offered through Khwezi Trade, a South African company. Khwezi Trade is subject to stringent regulations from the FSCA and possesses a complete authorization to operate as an ODP.

OTC derivative contracts are issued by a party referred to as an ODP, which stands for “over-the-counter derivatives provider.”

Khwezi Trade provides CFD and trading accounts denominated in Rand, and all customer monies are kept in accounts that are fully segregated and individualized within the South African banking system.

The MetaTrader 4 trading platform is one that Khwezi Trade makes available to their customers. Not only is the MT4 trading platform simple to operate, but it also comes loaded with a ton of helpful features.

Khwezi have secure servers ensuring an ultra -fast trading experience with low and consistent spreads.

Users of MT4 have access to a diverse range of charting tools, as well as a platform that is entirely modifiable and comes equipped with an embedded programming language.

This allows users to extend the platform’s capabilities by adding trading strategies, scripts, and indicators, among other things.

Pros and Cons

👉 Pros	❌ Cons
💵 ZAR Accounts are available	❌ Individual stock trading not possible
👮‍♂️ FSCA regulations apply to this South African-based company
🧰 Provides a wide variety of trading tools
💰Trading costs are reasonable
🕵🏻 Ensures compliance with OTC regulations
⚖️ A vast variety of trading options are available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👍 FSCA
💵 Minimum deposit from	💰 ZAR500
⚖️ Average spread from	👉 0,6 pips
📈 Commissions from	N/A
💸 Deposit/Withdrawal Fees	N/A
⚖️ Maximum Leverage	⚖️. 1:400
🤑 Bonuses	👍 30%
❓ Customer Support	🏪. 24/5

QuickTrade

QuickTrade is a South African broker that has been granted authorization as a Financial Services Provider (FSP) by the Financial Sector Conduct Authority of South Africa. QuickTrade is a brand that belongs to QuickTrade (Pty) Ltd.

Additionally, an application for QuickTrade to be authorized as such has been submitted to the FMA. As a result, QuickTrade is subject to the restrictions that the FMA has in place for OTC derivatives providers as well as the legislation that the FSCA has in place that apply to OTC derivative providers.

You will find over 30 currency pairings to trade on the QuickTrade trading platform, some of which are exotic or minor, such as USD/ZAR, as well as equities, ETFs, Brent, crude oil, Natural Gas, gold, silver, platinum, and palladium, and 12 indexes.

The spread on forex trades begins at 1.2 pips and floats from there. This indicates that they are subject to change according to the circumstances of the market. For instance, if there is a lot of volatility in the market, the spreads will be a little bit greater, but they will never go lower than 1.2 pips.

Pros and Cons

Pros	Cons
👮‍♂️ FSCA Regulated Brokers	⚖️ Limited number of instruments
🇿🇦 ZAR Deposits allowed

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	👮‍♂️ FCA
👇 Minimum deposit from	❌ None
⚖️ Average spread from	⚖️ 1.2 Pips
💵 Commissions from	💵 Variable
💰 Deposit/Withdrawal Fees	💰 Yes
💳 Maximum Leverage	⚖️ 1:500
🤗 Bonuses	🥹 None
🙋‍♂️Customer Support	🏪 24/5

Velocity Trade

Velocity Trade is a highly reputable and stringently regulated broker that has headquarters in the United Kingdom, Canada, Australia, South Africa, and New Zealand.

Velocity Trade is regulated and authorized by the FCA, IIROC, ASIC, FSCA, and FMA, which are the respective authorities in each of these countries.

Because Velocity makes it possible to trade a wide array of financial products in a number of different marketplaces throughout the world, the company is able to maintain and continuously increase its worldwide exposure.

Trades can be carried out through Velocity Trade using one of the most well-known, trustworthy, highly regarded, technologically advanced, and user-friendly trading platforms available, namely MetaTrader 4.

Traders have access to the greatest possible trading environment and a one-of-a-kind, all-encompassing trading experience thanks to the multitude of features that are included within MetaTrader 4.

Pros and Cons

👌 Pros	❌ Cons
👮‍♂️Regulated across multiple jurisdictions	🕵🏻 Wide spreads
👉 Comprehensive portfolio of assets	👉 No research or education
☪️ Islamic Account available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FCA, IIROC, ASIC, FSCA, and FMA
💳 Minimum deposit from	💵 USD1
⚖️ Average spread from	⚖️ 3 pips
💵 Commissions from	💵 Variable
💳 Deposit/Withdrawal Fees	💰 Yes
💳 Maximum Leverage	⚖️ 1:500
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

GT247

GT247 is an online brokerage company that has its headquarters in Johannesburg, South Africa. Trading foreign currency and contracts for difference (CFDs) online is the broker’s primary focus.

They make over 250 different financial instruments available for trading on the advanced and potent trading platform known as MetaTrader 5 (MT5, which can be accessed via the web, desktop computers, and mobile devices.

GT247 is proud to have an effective customer support desk as well as a modern infrastructure, both of which contribute to the company’s ability to provide dependable transaction execution speeds together with competitive spreads.

Clients of GT247 have access to a research team that provides them with the most recent market news in addition to fundamental and technical analysis on a consistent basis.

Because there is no requirement for a minimum deposit, GT247 enables all of their customers to trade without any limitations. In addition, they support automated trading, scalping, and hedging strategies.

The MT5 trading platform that is made available to users is highly effective and packed with a variety of trading tools and functions.

However, the number of trading instruments offered by brokers might be expanded given the limited number of cryptocurrencies, commodities, and indices that are currently available for trading online.

Instead of expiring after one month, the sample account might have an infinite storage capacity. They only accept card payments and bank transfers for account funding; there is no opportunity to use an electronic wallet to fill your account with them.

Pros and Cons

👌 Pros	❌Cons
👮‍♂️ Regulated by the FSCA	💸 Inactivity fees
🙋‍♂️Market research provided	⚖️ Limited deposit methods
💻 MT5 available
🛠 250 trading instruments available

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FSCA
💵 Minimum deposit from	💵 None
⚖️ Average spread from	⚖️ Variable
💵 Commissions from	💸 None
💳 Deposit/Withdrawal Fees	💵 None
⚖️ Maximum Leverage	⚖️ 1:80
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

IG Markets

IG is one of the most prominent providers of online trading, and it gives investors access to chances in thousands of different financial markets through user-friendly platforms and mobile applications.

Both the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA) have granted IG their authorization and regulation respectively.

The IG Trading Platform is an in-house trading platform that may be utilized for market research, the placement of trades, the monitoring of trades, and the editing of trades.

Users of IG have access to a diverse range of platforms, such as desktop platforms, trading apps, web-based platforms, and third-party programs such as MT4, ProRealTime, and APIs.

Users can select the platform that best suits their needs. Despite this, your best option continues to be the proprietary Trading Platform developed by IG.

Not only does IG offer one of the broadest selections of shares available for trading in the market, but there are also three distinct ways to engage in share trading with the company.

Additionally, it provides cutting-edge CFDs that other brokers do not offer, such as Sectors, the Crypto Index, and South African equities.

Pros and Cons

👉 Pros	❌ Cons
👍 Advanced proprietary platform	💸 High minimum deposit
⚖️ Extensive selection of assets
👮‍♂️ High level of regulation

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FSCA, ASIC, FCA, FMA
💵 Minimum deposit from	💸 $200
⚖️ Average spread from	⚖️ 0.8pips
💵 Commissions from	💰 USD6
💳 Deposit/Withdrawal Fees	🤗 None
⚖️ Maximum Leverage	⚖️ 1:200
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

ThinkMarkets

Although ThinkMarkets’ entry-level account has trading costs that are higher than average, this international broker that is also regulated by the FSCA is popular among experienced traders who place a high value on having access to a diverse selection of tradable assets and a comprehensive set of trading tools.

When compared to other brokers, ThinkMarkets provides trading on a greater variety of tradable assets. These assets include currency pairs, indices, commodities, more than 1500 share CFDs, and over 20 crypto pairs.

ThinkMarkets provides support for the MT4, MT5, and in-house ThinkTrader trading platforms. Additionally, traders have access to some of the most advanced trading tools available in the market, such as Trading Central, Zulutrade, and a Virtual Private Server (VPS) hosting service.

Pros and Cons

👉 Pros	❌ Cons
Low minimum deposit requirement	Limited info on spreads
Wide selection of trading platforms
High regulation

Features

👉 Feature	ℹ️ Information
👮‍♂️ Regulation	🕵🏻 FCA, ASIC, CySEC, FSA, FSCA
⚖️ Minimum deposit from	⚖️ None
⚖️ Average spread from	⚖️ 0.0pips
💵 Commissions from	💸 USD7
💵 Deposit/Withdrawal Fees	💵 None
⚖️ Maximum Leverage	💸 1:500
🤗 Bonuses	🥹 None
🙋‍♂️ Customer Support	🏪 24/5

Other Resources

IG Markets

Easy steps to trade forex in South Africa

Easy steps to trade forex in South Africa

Trading foreign currencies, often known as forex, is a common method of making short-term investments as well as a supplementary or primary source of income for a great number of people all over the world.

Trading in foreign exchange (Forex) is possible in South Africa; nevertheless, many people who are interested in engaging in this market do not know how to get started.

This comprehensive tutorial discusses the fundamentals of the market, its most important terminology, and outlines easy steps to trade forex in South Africa.

Benefits of trading Forex in South Africa

Regulatory oversight

There are always going to be dishonest entities who wish to steal money from a trader’s account on the Forex market and never pay it back, despite the fact that this industry has a high potential for making profits.

Luckily, the Forex market in South Africa is thoroughly regulated by the FSCA and a successful ODP application is needed to comply with the regulation. Trading foreign currencies in South Africa is not in violation of any laws. Khwezi Trade was one of the first SA forex brokers to have a successful ODP application.

Residents of South Africa are permitted by law to engage in trading and to withdraw any gains they make. The only thing that a trader in South Africa needs to keep in mind is that a profit made through forex trading is taxable, and that they need to figure out how much tax they owe and pay it.

Always check to see if a broker is regulated by the Financial Sector Conduct Authority (FSCA) in order to prevent falling victim to con artists. This organization advocates for a robust trade and financial environment that is filled with healthy competition.

Easy entry requirements

A new trader in the foreign exchange market in South Africa only has to have some cash on hand and a computer or smartphone that is connected to the internet.

In South Africa, the least amount required to begin trading forex is R500. Added to this, brokers like Khwezi Trade provide a Zar One , which has a lower entry threshold. Therefore, it is not difficult to break into this industry in South Africa.

Access to Forex education

Every retail Forex broker company has the same goal, which is to attract and involve new traders. The provision of a learning course is both one of the most straightforward and productive ways to accomplish this goal.

Brokers such as Khwezi Trade make these available at no additional cost. The brokers provide numerous educational resources, including free webinars, individual lessons and learning courses, glossaries and Demo Accounts.

Khwezi Trade provides clients with the ability to practice their trading skills without the risk of incurring big losses through the use of Demo Accounts.

Accreditation is granted by Forex education programs offered by a subset of specialist schools, universities, and learning institutes. The price of the course and how long it lasts are both determined by the timetable and the courses that are selected.

As a general rule, these institutions provide a free introductory lecture as well as several different packages, including basic, extended, and professional.

Free educational opportunities provided by a brokerage like Khwezi Trade should be sufficient for a novice to get off to a good start in the market.

On the foreign exchange market, recognized diplomas aren’t required; what matters more is a trader’s personality as well as their set of hard and soft abilities.

Steps to start Forex trading in South Africa

Choose a regulated Forex broker

Trading foreign exchange in accordance with local laws is now open to all individuals in South Africa.

To get started trading online, all you need is a computer or other device, a reliable and speedy internet connection, some starting capital, and a sound trading plan that incorporates appropriate risk management.

To get started trading foreign exchange, the first thing you need to do is select a reputable and regulated forex broker like Khwezi Trade with an approved OTC license, and then open an account with them. Because the broker plays such a critical part in your deal, selecting a good broker is an important step that you must take.

You also need to make a decision regarding the Account Base Currency that you would like to use. Some South African foreign exchange brokers provide ZAR Base Currency Accounts, which might be helpful in certain circumstances.

Additionally, your currency broker should allow deposits and withdrawals in South African Rand (ZAR) via bank transfers and electronic funds transfers (EFT). Khwezi Trade offers no fees on deposits or withdrawals and allows you to trade at 0% commission.

Understand leverage

When we talk about leverage, we’re generally referring to situations in which we borrow money in order to make financial investments.

When trading foreign exchange, the term “using leverage” refers to the practice of borrowing money from one’s broker in order to place an order for a larger position than one’s actual capital permits.

But leverage is kind of like a double-edged sword in that it has the potential to increase your profits if you’re right, but it also increases the risk of a bigger loss to you if you’re wrong. If you’re right, it can increase your profits; if you’re wrong, it can increase the risk of a bigger loss to you.

A trader has the ability to take a position that is 100 times the amount of starting margin if the leverage is set at 100:1. If the trader is not careful when setting up the stop-loss order, it is possible that your trading account may be depleted very rapidly.

Understand your margin requirements

Margin refers to the amount of money that must be available in your trading account before you can engage in forex trading.

The margin requirements needed to open a trade with a forex broker are the amount of money that must be kept on deposit with the broker while your position is open.

If your margin falls below a certain level that the broker considers acceptable, the broker will send you a notification asking you to get it back up to the acceptable levels.

Make use of Stop Losses

You can select when to get out of a losing trade by using something called a stop loss, which is a level that you can set at the price that you choose.

Losses are unavoidable, but the way in which they are handled is of critical importance. When you place an order to buy or sell something, you should never forget to set a stop loss.

A number of brokers also provide a service known as GSLO, which stands for “Guaranteed Stop Loss.” This service ensures that your position will be closed at the price limit that you specify in your order.

How to use trading strategies for beginners

Fundamental Analysis

Trading is often based on various news announcements while using fundamental analysis.

Fundamental analysts are of the opinion that the price of currency can be determined by conducting an analysis of a country’s economic indicators such as inflation, economic growth rates, interest rates and monetary policy, and unemployment rates, etc., and that decisions regarding the movement of currency can be based on the results of such an analysis.

If you wish to make this your main trading technique, there are lots of online Forex news calendars that you can access for free. You can also obtain a sense of how a specific piece of information may affect the movement of the market either upward or downward by using fundamental analysis.

Technical analysis

Trading based on technical analysis, which is by far the most common trading method, is, in essence, trading using charts. Learning this method is essential for both day traders trading over the short term and swing traders trading over longer time frames.

When trying to predict how the market will behave in the future, a technical trader relies heavily on the asset’s past prices to create their predictions.

According to the principle of technical analysis, the emotions of market players are represented in the current and historical prices, which can be seen through charts. These prices can be seen on charts.

In the foreign exchange market, technical traders may make use of a variety of chart patterns and indicators in order to purchase or sell currency pairs.

Best strategy approach for beginners

You need to make use of both basic and technical analyses in your decision-making. Even if you trade based on chart patterns, you still can’t ignore the news because markets are generally affected both in the short term and the long term by variables that affect the economy of the country.

It is wise to learn about both methods on demo first, then spend enough time analysing the charts and also analysing how the currencies are influenced during news hours. Only after doing all of this should you trade depending on the approach that is successful for you.

Final Thoughts

Forex trading can be a profitable venture for investors in South Africa, as it has a low barrier to entry, can be traded 24/5, and provides a wealth of opportunities to profit from global currency price fluctuations.

Beginner traders should start by signing up with a ODP Forex broker in South Africa, and then go on to educate themselves, practice in demo accounts, and apply sound risk-adjusted strategies to make the most out of their trading endeavours.

Other Resources

How to determine position size when trading Forex

How to Determine Position Size when Trading Forex

Your position size, also known as your trade size in units (lot size), is more significant than both your entry and exit points when you are day trading Forex.

You could have the best forex strategy in the world, but if the size of your trades is too large or too small, you will either expose yourself to an unacceptable level of risk or not enough risk at all. And putting too much of your money on the line will soon wipe out your trading account.

In this article, we show you how to determine your position size along with accurate risk management techniques.

Position size and leverage

It has been asserted that the size of the position that you take in your trades is the single most essential aspect in determining how much equity you can build up in your trading account with a broker like Khwezi Trade.

In point of fact, position sizing will account for the rewards that a trade can provide in the quickest and most exaggerated ways possible.

Because of the potential to leverage positions, with brokers like Khwezi Trade, and the presence of a trading system that is open 24 hours a day (5 days a week) and provides consistent liquidity, the Forex market in particular is a venue that enables different size positions to be placed.

One of the ways to take meaningful positions is to make use of leverage. You can take control of a very significant stake in the foreign exchange markets with just a relatively small initial investment; a leverage ratio of 100:1 is quite frequent in this industry.

In addition, the liquidity of the market in the major currencies ensures that a position can be entered into or liquidated at a speed comparable to that of the internet.

Because of the speed at which trades are executed, it is critical for investors to be aware of when it is appropriate to close out their positions.

To put it another way, before entering any trade, make sure to calculate the potential loss associated with that trade and then place stops that will get you out of the trade as quickly as possible while still putting you in a position where you are comfortable entering the next trade.

Although taking on huge leveraged positions opens one up to the prospect of making substantial returns in a relatively short period of time, this strategy also exposes one to a greater degree of risk.

Determining the appropriate risk

To begin, every trader needs to conduct a personal risk assessment and determine how much they are willing to stake.

Traders should only play the markets with what is known as “risk money,” which means that even if they were to lose everything, they would not be left in a desperate financial situation.

Second, every trader needs to calculate, in monetary terms, the maximum amount that they are willing to lose on a single transaction or trade.

If a trader has R 10,000 in capital to invest, for instance, they need to determine what portion of that total capital (as a percentage) they are ready to put at risk on each given transaction. In most cases, this number falls around between 2 and 3 percent.

You could raise that proportion to 5 or even 10 percent, depending on the resources you have and the level of risk you are willing to take, but beyond that point, it is not recommended going any higher than that.

You are free to increase your stake if the risk-to-reward ratio of the possible trade you are considering is sufficiently low. In order to calculate your risk reward ratio accurately, you need to have a firm grasp on your methodology, also known as the “expectancy” of your trading system.

In its most basic form, expectation can be understood as a measurement of the reliability of your system and, consequently, the level of confidence that you will have in placing your trades.

The importance of stop losses

When it comes to determining the size of a forex position, this is the most crucial phase. You should restrict the amount of money or percentage you are willing to lose on each trade. Account risk should be maintained at the same level regardless of any changes to the other trade variables.

Do not risk 5 percent on one trade, then 1 percent on the next trade, and then 3 percent on the next trade.

Make a decision on the percentage or the Rand number that you will use, and stick with it, unless you reach a point where the Rand amount that you have chosen surpasses the limit of 1 percent.

You should always calculate the number of pips you will lose if the market goes against you and if your stop is hit in order to determine how much you should put at risk in your trade and to get the most value for your money.

This will allow you to determine how much you should put at risk in your trade and will allow you to get the most bang for your buck. When trading in foreign exchange (Forex) markets, using stops is often more important than when investing in equities markets.

This is due to the fact that even relatively little shifts in currency relations can quickly result in significant financial losses.

Determine your pip risk

Now that you are aware of the maximum amount of money that can be lost on each trade, you can focus your attention on the trade that is now being presented to you.

The difference between the position at which you enter the trade and the point at which you set your stop-loss order is what determines the pip risk for each individual trade.

Pips, which is an abbreviation that can mean either “percentage in point” or “price interest point,” are often the tiniest variable component of the price of a currency. A pip, often known as one-hundredth of one percent, is the unit of measurement used for the majority of currency pairs.

The transaction is terminated according to the stop-loss order if it falls below a certain loss threshold. It is how you ensure that your loss will not be greater than the account risk loss, and the location of it is also determined by the pip risk for the deal.

Pip risk might change depending on the volatility of the market or the trading method. There are occasions when one trade can have a risk of five pips, while another deal might have a risk of 15 pips.

When you enter a trade, you need to give thought to both your entry point and the location of your stop-loss order.

You want the stop-loss order to be as close to your entry point as is practically possible, but you don’t want it to be so close that the trade is terminated before the move that you are anticipating.

After you have determined, in terms of pips, how far apart your entry point and your stop loss are from one another, the next step is to compute the value of a pip depending on the lot size.

Determining pip value per trade

If you are trading a currency pair in which the United States dollar is the second currency, also known as the quote currency, and your trading account is financed with dollars, then the pip values for different sizes of lots will always be the same.

If the quote currency in the pair you are trading is not the U.S. dollar, then you will need to multiply the pip values by the exchange rate that applies to the dollar in comparison to the quote currency. If your trading account is financed in dollars, then this step is not necessary.

Final Thoughts

The number of lots, as well as the type and size of lots that you buy or sell in a trade are the factors that determine the size of your position.

The size of the position that you take in your trades is the single most essential aspect in determining how much equity you can build up in your trading account.

In point of fact, position sizing will account for the rewards that a trade can provide in the quickest and most exaggerated ways possible.

You should always stake enough in any trade to take advantage of the maximum position size that your own personal risk profile allows, while at the same time guaranteeing that you can still capitalize and make a profit on positive circumstances.

It implies taking on a risk that you are able to withstand, but going for the maximum each and every time that your particular trading philosophy, risk profile, and resources would accommodate such a move.

An expert trader should hunt for high probability trades, maintain patience and self-control while waiting for them to come up, and then wager the largest amount possible while adhering to the parameters of his or her own unique risk profile.

How to join Khwezi Trade’s Affiliate program

How to join Khwezi Trade’s affiliate program

In the forex trading industry, one form of third-party marketing known as affiliate marketing is utilized. When one trader successfully recommends to another trader that they work with a particular broker, an example of this form of marketing has taken place.

When a person brings in new business for the firm through their role as an affiliate partner, they will be eligible for a good reward package from the company.

Referrals can be obtained through a multitude of channels, including word-of-mouth referrals from pleased existing customers, banner advertising, and all-encompassing online marketing strategies.

The utilization of trade links with the purpose of converting attention into account registrations should be the ultimate goal of each participant in an affiliate program.

Affiliate programs have the potential to create a big revenue stream; however, the amount of effort that is put into the program will determine the amount of cash that is earned from the program.

In this article, we investigate the lucrative affiliate trade partners program that is provided by Khwezi Trade. Our goal is to gain a better understanding of how the program functions and how new partners can get started.

The Khwezi Trade Partners Program

The Khwezi Trade Partners Program is divided into two distinct categories, which are the Lead Generator positions and the Affiliate positions, respectively.

Lead Generators have the potential to earn one-time commissions on all referrals made to Khwezi Trade, which enables them to increase their income with each lead that is created in the direction of the organization.

Affiliates have the opportunity to collaborate with Khwezi Trade and use their existing social media presence—whether it’s a trading blog, a dedicated investment profile, or any other kind of social media following—to introduce Khwezi trade to the followers with whom they interact on a daily basis. Affiliates can do this by using their existing social media presence.

Affiliates are eligible for generous monthly commissions on any and all referred customers who open trading accounts with Khwezi Trade, which establishes a solid foundation for the enjoyment of ongoing profits.

A flexible payment mechanism is provided by Khwezi Trade, and customers have the option of selecting either the Revenue Share Plan or the Hybrid Plan.

How to sign up with the Khwezi Trade Partners Program

Partners can earn a percentage of the money that their referrals continue to create when trading with Khwezi Trade by participating in the Revenue Share Plan and earning commissions. Partners have the opportunity to earn both revenue share and CPA under the Hybrid Plan.

Joining the Khwezi Trade Partners Program is an easy and straightforward process. Simply navigate to the Partners Program page on the official Khwezi Trade website, and fill in the contact form featured on the page.

A Khwezi Trade representative will contact you in order to discuss the various options available through the Partners Program, and to guide you through the registration process of joining Khwezi Trade as an affiliate or as a lead generator.

Advantages of joining the Khwezi Trade Partners Program

When you become a referral partner with Khwezi Trade, you gain access to a wide range of perks that are made possible by the fact that the company has been named the Best Broker in South Africa for both 2019 and 2020.

As a result of this, partners are in a perfect position to make a healthy compensation by introducing prospective traders to an established and successful trading ODP approved broker that provides a lot of wonderful advantages to customers.

Since 2013, Khwezi Trade has been subject to the FSCA’s full regulatory oversight in its capacity as both an authorized FSP (44816) and a licensed ODP. Customers are able to conduct business in an atmosphere that is both completely open and risk-free as a result.

Together with competitive spreads and robust trading platforms, the outstanding deposit bonus promotion that Khwezi Trade provides for new traders enables partners to confidently refer new customers to Khwezi Trade from anywhere in the trading community.

When you sign up for the Partners Program with Khwezi Trade, you will receive helpful marketing counsel, which will include consulting on designing eye-catching landing page designs and appealing campaign promotions. This is just one of the many benefits of signing up for the Partners Program.

How to conduct affiliate marketing successfully

Affiliate marketing in the forex market may be a successful endeavour, but it is by no means an easy endeavour to undertake. It will require a great deal of talent and perseverance on your part, particularly if you do not yet have a significant presence on the internet.

Affiliate marketing presents a financial opportunity, and a significant number of people take advantage of that opportunity.

Having said that, there is a stipulation. It is unlikely that this will replace your principal source of income unless you currently operate a website that receives extraordinarily high levels of traffic or unless you are willing to put in a large amount of effort to ensure that the enterprise is successful.

Instead, it is more prudent to treat as a bonus a promising additional income stream that, if implemented properly, may result in a high return on a relatively modest investment of time. If this stream of income is well-executed, it could result in a significant return on investment.

Be a leading voice

Affiliate marketing is distinct from just posting adverts on your website in that, as an affiliate marketer, you are actively promoting the products or services you are promoting to your audience.

You are directly assuring your audience that this Forex broker is deserving of their time and money by recommending them to use them.

That implies the people who are listening to you have to give them a reason to trust your judgment on the topic. You will need to provide evidence that demonstrates your knowledge of forex trading or investment finance in general.

You should also highlight your credentials while offering guidance and analysis. This will assist in establishing a voice that is distinct, useful, and decisive.

Increase your presence in the Forex community

If you do not have a sizable following, it may be difficult for you to convince anyone to use your Forex broker.

Not only does this suggest that you will not be an especially appealing partner for brokers, but it also indicates that you will not be able to generate a significant amount of money from your endeavour.

A significant part of this is determined by the standard of the content that you create. You also need to post content frequently enough to keep people involved with both your website and your social media profiles.

This is important not only for helping to raise your rankings in search engines like Google, but also for keeping people engaged with both.

Consider carefully the subjects that people want to learn more about, and pay attention to the issues that they want to see resolved.

Pay great attention to your SEO (Search Engine Optimization) in order to attract visitors to come to your website or blog, and make full use of social media platforms in order to spread the word about your posts.

It is also feasible to construct a site solely around reviewing products in your industry, which is something we will go over in the following part if you are skilled in SEO and have the ability to do so.

Promote the affiliate link

If you want to make a significant amount of money through affiliate marketing, it is best to go the extra mile.

At this point, it is the appropriate time to inform the people on your email list about the broker with whom you are linked.

Create an email that is easy to understand and interesting to read, and use it to detail the benefits of the Forex broker as well as the reasons why you believe it would be a smart choice for your readers.

Also keep in mind that financial tools such as these are subject to stringent regulation since it is the correct thing to do.

To ensure that the information you present to your audience is correct, open, and in accordance with the standards of the industry, your broker will give you a number of email templates and examples of wording to choose from.

Make use of PPC advertising

If you want to increase the number of referrals you receive, you might think about allocating some of your advertising budget to a pay-per-click advertising campaign that makes use of your referral code.

Online advertising networks, such as those provided by Google, Facebook, and other publishing giants, have a tendency to give advertisers a great deal of control over precisely who they want their advertisements to reach, while also providing advertisers with a great deal of flexibility and the opportunity to test out various advertisements at a very low cost.

It’s possible that a modest investment will yield significant returns using this method to expand your network and reach.

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The Difference Between Rand and US Dollar Trading Accounts

The Difference Between Rand and US Dollar Account

The Difference between Rand and US Dollar Trading Accounts

The United States Dollar to South African Rand currency conversion rate is an important consideration with regard to your trading account if you are based in South Africa and trade in Forex or CFDs.

As a South African trader, which of these currency options is the more prudent choice for you to make? Are you completely aware of the hazards that come along with dealing with such a volatile currency pair?

These are questions that the majority of traders have not even given a second thought to. In order to begin trading on the foreign currency market in South Africa, it is essential to join up with reputable brokers like Khwezi Trade who offer accounts that are denominated in South African rand (ZAR), but there might also be benefits to a USD account.

In this article, we look at the primary differences between Rand and USD trading accounts and consider which is best for traders in South Africa.

Understanding the base currency

The first currency that is listed in a forex pair’s quotation is referred to as the base currency. Because you are purchasing one currency while simultaneously selling another on the market for foreign exchange, one currency will always be quoted in relation to another currency.

The first currency that you see will be known as the base currency, and the second currency that you see will either be known as the quote currency or the counter currency.

The quote currency will always be displayed as the price on a chart. This price shows the amount of the quote currency that must be spent in order to acquire one unit of the base currency.

Quotes in the foreign exchange market are always presented in pairs due to the fact that traders always purchase and sell currencies simultaneously.

For instance, when a customer acquires EUR/USD, it essentially means that he is simultaneously making a purchase of euro and a sale of dollars denominated in the United States.

When investors believe that the base currency will increase in value in comparison to the quote currency, they will purchase the pair. On the other side, if they believe that the value of the base currency decreases then they will sell the pair.

When a USD account is beneficial

To this end, if you have to pay fees for currency conversion every time you wish to buy or sell a securities traded, those costs may really add up over time. This is where the use of a trading account denominated in US dollars can be helpful.

Because you won’t need to convert your money every time you make a trade when you have a dollar account denominated in US dollars, you’ll save money on currency conversions and be able to purchase and sell stocks listed in the United States.

If you trade frequently, settling trades in the same currency (such as purchasing and selling U.S. stocks in U.S. dollars) might help you save money on transaction expenses. This is especially helpful if you trade internationally.

However, these benefits will only apply to traders located in the United States, where the USD is the domestic currency. For traders outside of the US, such as South African traders, a USD account loses all of these benefits.

In fact, South African traders utilising a Dollar-based account will actually incur more costs that eat away at their profits. This is where having a ZAR based account with reputable South African brokers like Khwezi Trade becomes invaluable.

Additional transaction fees are charged from a South African trader’s USD trading account whenever the trader makes a withdrawal or deposit of funds from their account.

This is a common protocol utilized by many different USD trading accounts. Forex brokers like Khwezi Trade that offer South African Rand accounts, on the other hand, remove the necessity for you to deal with such a bother and do not demand any additional fees at any stage in the process of funding your account.

One of the primary advantages is that local brokers who keep ZAR accounts are able to send their clients’ money to them directly through the local banking system. This is an important convenience for traders.

If we are speaking about USD trading accounts, then you should be aware that for many of these different sorts of accounts, you will be subject to additional fees if you make a deposit or a withdrawal of funds.

It is common practice for many financial institutions to charge a commission fee equal to six percent of the total amount whether a customer withdraws or deposits money.

As a result of this, it is in the best interest of South African traders to join up with forex brokers who offer accounts denominated in ZAR. Doing so will exempt you from having to pay any additional fees or penalties that may otherwise apply.

Added to this, the procedure for withdrawing and depositing funds in ZAR trading accounts has been made far more efficient and user-friendly. It enables traders to withdraw any amount of their funding at any moment of the day or night, no matter what day it is or what time it is.

The holder of the ZAR account is connected with a local broker like Khwezi Trade who gives them access to the global markets with margin in the form of Rand currency. This funding is provided to the holder of the ZAR account.

As a result of this, you won’t need to wait any longer than is really necessary in order to receive or send your money.

In other words, the process of conducting trades is made a great deal easier for traders who use ZAR trading accounts. This simplifies the process to an outstanding degree.

Finally, a broad number of local forex brokers make available to the holders of their ZAR accounts a comprehensive selection of alluring bonuses.

Traders who use ZAR trading accounts are given access to a plethora of excellent trading features and tools, which in turn enables them to improve their trading talents.

Trading the USD/ZAR

When it comes to currency trading or forex trading, the USD/ZAR pair is considered to be an exotic pair. This is due to the fact that the rand component (ZAR) is an emerging market currency, which carries less liquidity than that of currencies used in developed markets.

Due to the fact that exotic currencies have lower liquidity than major most traded market currencies (such as the United States dollar, Swiss franc, euro, British pound, Japanese yen, Canadian dollar, and Australian dollar), exotic currencies will have a wider spread, which will result in a higher cost to trade them.

However, because of the decreased liquidity, there is a higher level of volatility, which in turn results in a greater potential for gain (or loss).

Having said that, the South African economy is further along in its development than many of the emerging markets with which it competes. As a result, the country’s level of liquidity is deemed to be higher than that of many of its competitors and is more than adequate for trading purposes.

Hedging the USD/ZAR

It’s possible that some traders will want to employ the USD/ZAR pair as a means of hedging their currency exposure in preparation for the purchase of an asset or the receipt of money denominated in USD.

Because of this, they are able to secure the current exchange rate, which helps them prevent swings in currency value.

Traders who deal in the USD/ZAR currency pair, as well as traders who deal in other forex pairs, have the option of going long or short on the currency pair.

Taking a long position in the rand market indicates that we anticipate an increase in the value of the dollar relative to the rand, whereas taking a short position indicates that we anticipate a decline in the value of the dollar relative to the rand.

Speculative trading on the USD/ZAR

When a trader speculates on the USD/ZAR currency pair, they are essentially taking a position that the currency pair in question is going to either rise or fall over a given period of time and betting on which of those outcomes will occur.

The deal, in contrast to hedging, is not tied to the protection of another asset, which may be referred to as a bonus. The strategies of day trading and swing trading are frequently utilized by speculative traders.

Final Thoughts

For South African traders, opening a ZAR denominated trading account with a reputable broker like Khwezi Trade will allow them to reap the benefits of faster withdrawals, no conversion fees, and easier deposits.

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