How to Develop a Forex Trading Plan

How to Develop a Forex Trading Plan
How to Develop a Forex Trading Plan

How to Develop a Forex Trading Plan

Developing a Forex Trading Plan goes further than entering a trade, spending some time watching the charts, exiting a trade, and taking home profits. Many factors play a part in both your performance as the trader, as well as how the markets perform, and how every factor works together to create a trading experience, given a particular situation.

It’s so easy to feel overwhelmed by all the different methods and strategies that you could employ to help you trade better. Here at Khwezi Trade, we can’t tell you what strategy will suit you best, but we can tell you what will help you find your method: a trading plan.

How to get started with a Forex Trading Plan

Starting your trading plan is all about having a framework from which to work that you know will help you trade better in any situation. We’ve set up a list of five things that you can add to your plan to get it started. From there, you can add points that you feel are important to include to help you on your trading journey.

1. Keep it simple

Trading isn’t about how complicated of a trading method you can master, or how intricate your knowledge of trading terms is. You’re not here to impress anyone; you’re here to achieve financial freedom through your own personal trading journey. Therefore, you need to find a strategy that works for you and execute it with the knowledge that you can turn a profit and understand the process.

2. Do your research

This doesn’t necessarily mean just hitting the books, there are many ways you can do research for your trading plan.  Videos, tutorials, articles, and blogs like this one are all ways you can start expanding your knowledge of trading and understand why and how things happen. Start taking an interest in the forex market and why growth and drops happen. Here’s a list of forex market news sources:

Through research into trading-related topics, lucrative opportunities can be identified, giving you the chance to access markets and trade with pairs that could mean very good returns.

Here’s a list of posts that provide some relevant information on trading plans:

3. Set realistic goals

Saying that you want to put in R10k and make back ten times that amount within a week may not be the most realistic goal for a trader only just beginning their journey. We cannot say this enough: trading is not a ‘get rich quick’ game. There is no way to take a gamble and expect to turn profits from very risky trades. Understanding the difference between risk and reward and setting a profit and loss goal per trade is also a way to make sure you stay within a certain ‘safe zone’  when trading. When done properly, setting realistic trading goals can help to enhance your profit potential when executing forex trades.

4. Manage risk

Risk management is about knowing how far you are willing to allow a trade to go before it becomes too difficult for you to control and anticipate in what direction it could go. Know what risk management tools are available to you on your chosen platform. Remember to check out our MT4 platform for an easy and reliable platform to optimise your trading experience.

5. Psychological factors

You may not realise it, but your mood can be a direct influence on your trades. Negative emotions could lead to negative trades in that your assessment of risk could be off, and losses could lead to increased irritability and difficulty in controlling trades. Therefore it is important to enter trades with an open and fresh mind, and a positive attitude in every trading-related endeavour you take on.

Taking these factors into consideration is a great way to start your trading plan, and it’s important to customise your plan according to what your journey needs from you to do.

Key attributes of a successful mindset in trading

a forex trading plan

How To Write a Successful Trading Plan

Lack of planning is one of the leading causes for the failure of many businesses. Most successful people agree that if you want to be successful in life and business, you need to have a plan.

You need a plan to obtain that success, you need to set goals, and then work on executing your plan and meeting your goals.

Trading is no different from any other business in this sense that those who fail to plan their trading like a business, are doomed to failure. Trading is not a Hobby, Hobbies cost money, trading is a business.

Having said that it is important to have a written business plan for your trading just as you would for any other business. 

Some of the things which should be included in that plan, write down these questions and answers

1.  What are your reasons for wanting to become a trader?

2. What do you hope to gain from trading?

3. What Broker will you use?

4. What are the things that are going to separate you from the majority of traders who fail?

5. What are your biggest weaknesses?

6.  What are your strengths?

7.  Do you plan to day trade, swing trade, position trade, or a combination of the three?

8. What market or markets do you plan to trade and why?

9. What are your criteria for entering a trade?

10. What are your criteria for exiting a trade?

12. What is your money management strategy?

13. How much money do you plan to start to trade with?

There are many things to consider before jumping into trading. 

From experience, those who actually take the time to think about and write down the answers to each of the above questions, have a much higher chance of success than those who do not.

Further reading:

Free Forex trading courses in South Africa

Trading for a living

Why invest in a trading mentor

How to develop a Forex plan

Recommended Forex Trading books

Forex Trading Training – Top 4 Ways To Prepare

Forex Trading Training top 4 Ways to Prepare

Forex Trading Training – Top 4 Ways To Prepare

Forex Trading training can be done in many ways to help prepare traders. As in any other profession, training in the forex market is essential to improving your skills and becoming a better trader.

In this post, we’ve listed the top 4 most common forex trading training methods used by traders today.

1. Free Internet Research

There is a lot of free information on the internet on the topic of Forex Trading. Some people feel overwhelmed by the amount of information as there are often pieces of information that contradict each other. It is often helpful to read a few different articles on the same topic to form an understanding. As with all markets nowadays, there are Forex-specific forums where various topics and trading strategies are discussed. We have mentioned Forex Factory in a few of our previous articles and this is simply because it is the largest Forex Trading forum on the internet. Here is a link to forex factory: Forex Factory

2. Free Online Course

Many people feel that to find proper forex trading training they must fork out a boatload of cash to get quality content. There are a few exceptions in the forex market. We have found a couple of high-quality self-study training courses with really good content. The first, and best known, is the BabyPips Forex Trading Course. This course was written in a fun, easy-to-follow way and is broken up into small pieces that are easy to digest. To do this course you can use this link: BabyPips Forex Trading Course

The second course we’ve identified for Forex Trading training

What is the free Forex trading course?, this again has a fun ninja theme and focuses mostly on price action concepts. Both these sites have been around for quite some time and have been updated regularly. Most trading topics are covered in these two courses and they would give a good foundation in the understanding of trading concepts and theories. Some topics are not covered in detail, but the overview can be very valuable for traders that are new to the market.

3. Formal One-on-One Forex Trading  education

There are many companies that offer formal training. We cannot suggest any companies as this might create a conflict of interest. What we can do is give you a way of thoroughly researching forex trading education companies before spending your hard-earned money. You should always take care to avoid falling for promises that seem too good to be true. Here are a couple of things to look at, these will not guarantee that the training company is good however it may eliminate some of the chancers.

Visit the Company Offices to make sure that the company is indeed a proper company with training facilities. Make sure the offices you visit are those of the training company in question.

●     Ask for a list of references. The company should be able to supply a list of recent clients, even if it is just five, with which you can talk to about their experience.

●     Ask to see some trading records, because if the company can teach how to trade, they should have trading records that show their trading results.

●     Make sure that the company works with regulated brokers ONLY. In South Africa brokers need to be regulated by the Financial Services Conduct Authority FSCA To find out whether or not a broker is regulated you can contact the  FSCA. info@fsca.co.za. Alternatively, you can follow the link to verify the broker as a financial service provider: FSCA

●     Although these steps will not guarantee that the forex trading training company is a good one it will eliminate some of the chancers. Make sure to do as much research as possible before parting with your money.

4. Learn As You Go

Most forex brokers allow clients to open a demo account to practice trading before risking their real money. Khwezi encourages clients to practice on the demo. This can be extremely helpful in determining whether the strategy you have chosen will be profitable or not. Test any strategy to a trading methodology for a period of time before applying it to a live account and only trade on a live account once you are 100% sure that you understand the risks involved and know how to operate the platform properly.

It is essential to be prepared before you start trading live. You can find more insightful articles like this in Forex Insights. We hope that this helped get you on the correct path to trading success.

Further reading:

The Benefits of Forex Trading today

Why is MT4 so popular?

Forex PIP explained

Forex trading training

Forex trading market in South Africa

 

Stop-Loss: Where And How To Place Orders On MT4

Stop Loss Where And How To Place Orders On MT4

Stop-loss in Forex Trading

Stop-loss in trading will help protect your account from risks that will expose you to major losses. We’re going to explain 4 ways you can use stop-loss orders to pretect your account. Putting a stop-loss order on a trade is easy enough, but how does a trader know when and where to put one?

 

What is stop-loss in Forex Trading?

Stop-loss in trading is an order you request from your broker to reduce the chance of a loss on a trade. This offers you, as the trader, higher financial returns during trading by selling a Security after a certain price is reached for that security.

Before you can understand what a stop loss is, you need to have determined an exit level that you have calculated by using your risk management strategy. Exit strategies typically involve establishing a rationale for exiting a trade and setting prior stop-loss orders to make the exit. 

A stop-loss order is a point in the market where your trade will automatically be closed at your pre-determined level / price. It is a “protective order” that closes out a trade at a level when the trade has gone against you.

One key advantage of using a stop–loss order is you do not need to monitor your holdings daily. A disadvantage is that a short-term price fluctuation could activate the stop and trigger an unnecessary closure of the trade.

Where to place stop-loss orders

A stop-loss is placed BELOW your entry point when you are BUYING and ABOVE your entry point when you are SELLING . The simple way to understand the concept of a stop-loss is to think of it as a ‘safety net’. When the market moves against you and the order is running a loss, before the price moves too far away, the stop loss order closes the trade, limiting your downside risk and potentially realising an even bigger loss.

Once the price gets to the level you have placed the stop-loss order at, the trade will automatically be triggered and closed, therefore you will not be in that trade anymore. The definition of a stop-loss is the next available trading level i.e. the next level where the buyers are bidding. Remember there are no guaranteed stop levels. A stop–loss can fail as a loss limitation tool because hitting the stop price triggers a sale but does not guarantee the price at which the sale occurs.

When placing a stop-loss you need to pre-determine and calculate levels so that your risk (monetarily speaking) is correlated with the point you place them at. 

How to set a Stop Loss on MT4 

Download the Metatrader 4 trading platform here

ILLUSTRATION Example ON HOW TO PLACE A STOP-LOSS

For following scenario is a buy order

  1. Determine your entry point and stop loss level 

How to set a stop-loss order on MT4

In this example we have determined that we intend to minimise risk and limit our downside by placing a stop loss order at 1827.15 for our long position.

  1. Click on New Order in the top tab section

stop-loss new order

3. Place the number referred to in slide 1 in the highlighted box, labelled Stop Loss

stop-loss order on mt4

4. A dialogue box should appear to confirm that your trade adjustments have been executed

stop loss entry and exit points

Hover your cursor over the SL line. This allows you to click and drag to modify, as well as see the monetary risk and pip risk.

Then to modify Stop Loss just double click on order and enter the new level.

Stop-Loss and Strategy

There are several approaches available for establishing exit strategies that can help limit the amount of risk traders take on, while increasing the odds for making profits in volatile markets.  By using stop loss orders strategically when trading you can decrease your risk appetite. 

Financial markets are highly volatile and risky, so forex traders WILL benefit from conducting their due diligence, before participating in exit strategies or other approaches to trading. Losses can exceed deposited funds. 

What types of stop-losses are there?

There are four types of stop-losses, namely the percentage stop, the volatility stop, the chart stop, and the time stop. All of these can be ordered within certain windows to prevent losses, or encourage certain outcomes in your favour.

1. The percentage stop

This strategy works by only risking a maximum of 2%. Traders are able to protect their capital put into trading. In the event of a loss, the amount on a 2% risk will not be as detrimental to the trade capital as a higher percentage trade would. There is a drawback to this strategy though. If market conditions are not taken into account it would not allow your trade enough room within the market to gain movement in your favour.

2. The volatility stop

The volatility stop-loss strategy is an interesting type of a stop-loss order. It’s based on past price movements of a particular currency pair. Which means that you can monitor what happened in the past and make decisions about current trades based on those trends.

3. The chart stop

The chart stop makes use of support and resistance levels. By rendering your trade invalidated once the price breaks above either a support or a resistance level. Making sure to exit a trade as soon as possible after it has been invalidated means less risk to you as the trader.

4. The time stop

Placing a time-based stop-loss order is especially useful when a trade isn’t going in any particular direction. It’s also used when you want to exit the market around certain times, like on a Friday evening. Leaving the market during the night takes away the risk that a trade may turn against you. It’s a suitable strategy for traders who prefer to make short-term trades and who exit their positions overnight or over weekends.

Some important things to keep in mind when putting in stop-loss orders

Firstly, avoid trading with very tight stop-loss orders as there is not much room allowed for volatility. Likewise, don’t place a  stop-loss order on instruments with a very widespread as high volatility poses the risk of greater loss. Be flexible with the number of pips risked during the trade, but also be sure to place your stop-loss in such a way that your trade will be invalidated in a certain situation.

Finally, avoid placing a stop-loss order directly on a support or resistance line by only trading within a certain zone to ensure you stay away from the line where the price does not count in your favor.

While a stop-loss should not be regarded as a means to treat your trades as a gamble from which you can withdraw when the game isn’t playing out in your favor, it still is a valuable method used by traders that can be greatly beneficial once you get the hang of it.

 

How To Short Forex By Selling Currencies Like The Pound

How To Short Forex By Selling Currencies Like The Pound

Short Forex: Selling Currency Explained

Short selling currency in forex trading involves taking positions under the pretence of bearish sentiment. Short selling forex means to sell high then buy low and is often used by traders to hedge currency exposure or simply to profit from the forecasted analysis.

This article explores the basics of short-selling forex, using the GBP/EUR currency pair as an example to explain the steps involved. It will also cover suitable risk management as short selling comes with a high risk. Trading cfds with this approach must be cautioned as these are complex instruments and can stop you out rapidly due to leverage when market volatility is high.

What do short-selling currencies involve?

In the forex market, transactions are handled differently to stocks which means the process of short selling a currency pair is very different. Firstly, a currency pair involves a base currency and quote currency as seen in the image below.

 

Short Forex - Pound Euro Currency Pair

 

How to short forex: GBP/EUR short selling example

Taking a short position in forex involves understanding currency pairs, trading system functionality and risk management.

First, each currency quote is provided as a ‘two-sided transaction’. This means that if you are selling the GBP/EUR currency pair, you are not only selling Pounds; but you are buying Euros. Because of this, no ‘borrowing,’ needs to take place to enable the short sale.

The base currency is the first currency listed in a currency pair. In the example above, this is the British Pound. The base currency is also the ‘transaction currency,’ which is what you are selling or buying in the trade.

The quote currency is the second currency in a currency pair. In short selling forex, this is the Euro. The quote currency is what you are using to buy the base currency.

Want to sell the GBP/EUR?

Just click on the side of the quote that says ‘Sell.’ After you have sold, to close the position, you would want to ‘Buy,’ the same amount (if you end up buying at a lower price than where it was sold, you would end up with a profit). You could also choose to close a partial portion of your trade.

As an example, let’s assume we initiated a short position for 1 contract and sold GBP/EUR when the price was at 1.29.

If the price has moved lower, the trader could realise a profit on the trade. But let’s assume for a moment that our trader expected further declines and did not want to close the entire position. Rather, they wanted to close half of the position to cover the initial cost, while still retaining the ability to stay in the trade.

The trader that is short 1 contract GBP/EUR can then manually enter in 0.5, then click on the ‘Close’ button to begin the trade closing process – offsetting half of the short position that was previously held.

Our trader, at that point, would have realised the price difference on half of the trade from their 1.29 entry price to the lower price they were able to close on. The remainder of the trade would continue in the market until the trader decided to buy another 0.5 contracts in GBP/EUR to ‘offset,’ the rest of the position.

How to manage the risk of short selling currencies

Short-selling forex carries a high risk as there is no maximum loss on a trade. Losses are unlimited, as forex values can theoretically increase to infinity. On a long (buy) trade, the value of a currency can never fall below zero which provides a maximum loss level.

Cfds are complex instruments and traders are exposed to losing money rapidly due to leverage. You must decide beforehand whether you can afford the risk of losing your money. Also consider whether you understand what going short entails.

Managing risk on accounts was a trait we discovered with successful traders. Fortunately, there are ways to mitigate this short-selling risk.

5 Ways To Mitigate Short Selling Risks:

  1. Position size
  2. Implement stop losses.
  3. Monitor key levels of support and resistance for entry/exit points.
  4. Stay up to date with the latest economic news and events for potential downside risk.
  5. Employ price alerts on trades is a good way to stay informed when you’re away from your platform.

Short selling forex is preferred for down trending markets, however careful consideration is required before trading as it brings extra risk even with a bearish outlook. It has been utilised by large institutions/traders as hedges, or by traders looking to trade descending markets.

What is going long?

Going long is the term used when a trader buys a currency pair with the expectation that it will rise in value. They then hope to sell the pair at a higher price so they can make a profit. It is the opposite of short selling. When a trader goes long on a currency pair, they are speculating that the value of the base currency will increase relative to the quote currency. For example, if a trader buys EUR/USD, they are going long on euros and shorting dollars. They believe that as the euro strengthens, the trade will make a profit.

Risk management is essential for proper application, and the methods mentioned in this article should be given the utmost consideration as adverse movements in price can be detrimental.

Looking to short forex?

Khwezi offers you the perfect opportunity to do just that! If you understand how cfds work and whether you are ready to start trading, then you can trade cfds with this provider. Khwezi is a FSCA regulated broker and authorised ODP.

With our easy-to-use Metatrader 5 trading platform, you can look to go short on any currency pair you like and benefit from our tight spreads and superior customer support. So why wait? Sign up today and start shorting forex like a pro!

Further reading:

Forex trading strategies

How to short forex

Top 5 trading books to read

 

FICA Documents Required to Open a Trading Account

FICA documents required to open a trading account

FICA Documents Required to Open a Trading Account

What are FICA documents?

FICA stands for The Financial Intelligence Centre Act, which came into effect on 1 July 2003.

FICA was introduced to fight financial crime, such as money laundering, tax evasion, and terrorist financing activities. FICA brings South Africa in line with similar legislation in other countries.

Why is FICA Important

The primary purpose of FICA is to protect companies and individuals by eliminating the possibility of money laundering AML (Anti -money laundering) and ATF (Anti-Terrorist Funding) from a transaction.

Why is FICA registration for companies essential?

Registration with the Financial Intelligence Centre (FIC) is a legal requirement applying to all accountable and reporting institutions Registration with the FIC is a legal obligation in terms of the FIC Act.

What is the maximum penalty for the company for noncompliance with FICA?

Penalties for non-compliance with FICA administrative charges, for a natural person R 10 Million and a maximum for a legal entity of R 50 million. If criminal charges are brought a maximum of 15 years ‘imprisonment or a fine not exceeding R100 million.

Prescribed Cash threshold

This means that all cash transactions exceeding R24 999.99 (being R25 000 or more) must be reported to the Centre in terms of section 28 of the FIC Act or aggregated smaller cash amounts exceeding the cash threshold in a specific period

What are suspicious transactions?

Suspicious transaction means a transaction whether or not made in cash which, to a person acting in good faith- Gives rise to a reasonable ground of suspicion that it may involve the proceeds of crime; or. Appears to be made in circumstances of unusual or unjustified complexity.

How does FICA prevent money laundering?

While POCA defines the money laundering offences, FICA compels the business community to take steps to control and prevent money laundering (AML). FICA creates a number of compliance obligations for institutions such as banks, estate agents, brokers, attorneys, insurance companies and motor dealers.

fica documents required check list

FICA Document Requirements 

Full list of FICA Document that could be Required (some documents are mandatory)

Khwezi only requires ID and POA to open an account, PSG, Peregrine, and SAXO require far more but only ID and POA are mandatory.

INDIVIDUAL

  • Copy of ID document (SA Citizens) / Passport (Foreign Nationals)
  • Proof of residential address less than three months old (for example, utility bill, store account statement, bank document with residential address, DSTV account, municipal letter)
    • Should you not have proof of residential address in your name, you may provide a declaration by a third party confirming that you share a residential address with them and provide the third party’s proof of ID and proof of residential address (less than three months old). 
  • Copy of SARS document confirming income tax number
  • Copy of bank document confirming individual banking details (less than three months old)

MINOR

  • Copy of the birth certificate (abridged or unabridged) / ID document
  • In the case of a guardian, provide documents confirming legal guardianship. 
  • Copy of SARS document confirming income tax number of minor
  • Proof of residential address less than three months old
    • As the parent/guardian, you may provide a declaration confirming that:
      • You share a residential address with the minor. 
      • The minor does not have a tax number
  • Copy of ID document (SA Citizens) / Passport (Foreign Nationals) and proof of residential address of parent/guardian
  • Copy of bank document confirming parent/guardian banking details (less than three months old)

NON-RESIDENT INDIVIDUAL

  • Copy of foreign ID document/passport
  • Proof of residential address less than three months old
    • Should you not have proof of residential address in your name, you may provide a declaration by a third party confirming that you share a residential address with them and provide the third party’s proof of ID and proof of residential address (less than three months old).
  • Document confirming tax registration number
  • Copy of bank document confirming foreign bank details of the individual (less than three months old)
    • For investment products (i.e. retirement annuity, equity-linked living annuity, voluntary investment plan, tax-free investment plan, and endowment), we do not make payment to non-resident bank accounts. 
    • For stockbroking products (i.e. local shares, offshore shares, and ETPs), we will be able to accommodate payments to non-resident bank accounts

ESTATE LATE

  • For the deceased we require the following:
    • Copy of death certificate
    • Copy of ID
  • Copy of bank document confirming bank details of estate late account
  • Resolution (if more than one executor)
  • For the executor/s we require the following:
    • Copy of ID
    • Copy of Letter of Executorship / Authority
    • Proof of residential address (less than three months old)
    • Copy of SARS document confirming the income tax number of the Deceased Estate (Estate must be registered with SARS as a Deceased Estate)
    • Notice of death and police report where cause of death was not due to natural causes

TRUST

  • Copy of Trust deed (if applicable, any deeds of amendment of Trust Deed)
  • Copy of Letter of Authority
  • Copy of SARS document confirming Income tax / VAT registration number for the trust
  • Resolution signed by all Trustees nominating authorised signatory/representative
  • Copy of bank document confirming trust account banking details (less than three months old)
  • For the authorised signatory/representative, each trustee, beneficiary, and founder of the trust we require the following:
    • Copy of ID
    • Proof of residential address (less than three months old)
  • Proof of source of funds. 

COMPANY

  • Company CIPC registration documents
  • Proof of business address (less than three months old), if different from registered address
  • Copy of SARS document confirming Income tax / VAT registration number for the company
  • Resolution on company letterhead signed by all directors nominating authorised signatory/representative
  • Copy of bank document confirming company banking details (less than three months old)
  • For the authorised signatory/representative and/or CEO, each director, and each person or corporation with a shareholding of 25% or more in the company, we require the following:
    • Copy of ID
    • Proof of residential address (less than three months old)
  • Register of shareholders / written statement from the entity showing ownership and control structure of the company (shareholding diagram)
  • Proof of source of funds.

NON-RESIDENT COMPANY

  • Copy of foreign company registration documents
  • Proof of business address (less than three months old), if different from registered address
  • Document confirming tax registration number for the company
  • Resolution on the company letterhead signed by all directors nominating one signatory/representative
  • Copy of bank document confirming foreign bank details of the company (less than three months old)
  • For the authorised signatory/representative and/or CEO, each director, and each person or corporation with a shareholding of 25% or more in the company, we require the following:
    • Copy of ID/passport
    • Proof of residential address (less than three months old)
  • Register of shareholders / written statement from the entity showing ownership and control structure of the company (shareholding diagram)
  • Proof of source of funds. 

CLOSE CORPORATION

  • Copy of Founding Statement (CK 1) and Certificate of Incorporation (if applicable, CK2 for any amendments to the Founding Statement)
  • Proof of business address if different from registered address (less than three months old)
  • Copy of SARS document confirming Income tax / VAT registration number for the CC
  • Resolution on the CC letterhead signed by all members nominating one signatory/representative
  • Copy of bank document confirming bank details of the company (less than three months old)
  • For the authorised signatory/representative and each member we require the following:
    • Copy of ID
    • Proof of residential address (less than three months old)
  • Proof of source of funds.

PARTNERSHIP

  • Copy of partnership agreement
  • Proof of business address (less than three months old)
  • Resolution signed by all partners nominating authorised signatory/representative
  • Copy of SARS document confirming Income tax / VAT registration number for the partnership
  • Copy of bank document confirming banking details of partnership account (less than three months old)
  • For the authorised signatory/representative and each partner, we require the following:
    • Copy of ID
    • Proof of residential address (less than three months old)

UNINCORPORATED ENTITIES (E.G. CLUBS, CHURCHES)

  • Copy of document confirming a list of all individuals who exercise control over the entity (constitution or similar founding document)
  • Resolution signed by all individuals who exercise control over the entity nominating authorised signatory/representative
  • Proof of physical address for the entity (less than three months old)
  • Copy of SARS document confirming Income tax / VAT registration number for the entity
  • Copy of bank document confirming banking details of partnership account (less than three months old)
  • For the authorised signatory/representative and each member or partner, we require the following:
    • Copy of ID
    • Proof of residential address (less than three months old)
  • Proof of source of funds.

Now you know exactly what documents you need to prepare in order to open an account and start trading. If you haven’t found a broker yet we suggest you visit Khwezi Trade. For more insightful articles visit Forex Trading.

Further reading:

Find the right trading mindset

What is a spread in Forex

Forex Trading Basics

FICA Documents for Trading

Brexit Influence on Trading market