SA Forex Godz

SA Forex Godz We offer trading lessons and signals

06/09/2021

Before you start something new, begin with the fundamentals. Let’s look at trading tips every trader should consider before trading currency pairs.

1. Know the Markets
We cannot overstate the importance of educating yourself on the forex market. Take the time to study currency pairs and what affects them before risking your own capital; it’s an investment in time that could save you a good amount of money.

2. Make a Plan and Stick to It
Creating a trading plan is a critical component of successful trading. It should include your profit goals, risk tolerance level, methodology and evaluation criteria. Once you have a plan in place, make sure each trade you consider falls within your plan’s parameters. Remember: you’re likely most rational before you place a trade and most irrational after your trade is placed.

3. Practice
Put your trading plan to the test in real market conditions with a risk-free demo or practice account. You’ll get a chance to see what it’s like to trade currency pairs while taking your trading plan for a test drive without risking any of your own capital.

4. Forecast the “Weather Conditions” of the Market
Fundamental traders prefer to trade based on news and other financial and political data; technical traders prefer technical analysis tools such as Fibonacci retracements and other indictors to forecast market movements. Most traders use a combination of the two. No matter what your style, it is important you use the tools at your disposal to find potential trading opportunities in moving markets.

5. Know Your Limits
This is simple yet critical to your future success: know your limits. This includes knowing how much you’re willing to risk on each trade, setting your leverage ratio in accordance with your needs, and never risking more than you can afford to lose.

6. Know Where to Stop Along the Way
You don’t have time to sit and watch the markets every minute of every day. You can better manage your risk and protect potential profits through

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04/09/2021

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03/09/2021

TWO TYPES OF ANALYSIS

TECHNICAL ANALYSIS

Technical analysis focuses on the study of price movements. Technical analysts use historical currency data to forecast the direction of future prices. The premise of technical analysis is that all current market information is already reflected in the price of each currency; therefore, studying price action is all that is required to make informed trading decisions.

FUNDAMENTAL ANALYSIS

Fundamental analysis focuses on the economic, social, and political forces that drive supply and demand. Those using fundamental analysis as a trading tool look at various macroeconomic indicators such as growth rates, interest rates, inflation, and unemployment.

30/08/2021

Disclaimer ⚠

Foreign Currency Trading (Forex) can be highly profitable, but also carries a very high risk. The nature of forex trading allows for very high gains, but you could also lose your entire deposit. ... Therefore, it makes sense to only trade with what you can afford to lose.

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28/08/2021

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WhatsApp Group Invite

28/08/2021

Advantages of Trading the Forex Market

• Trade whenever you want: There is no opening bell in the Forex market. You can enter or exit a trade whenever you want from Sunday around 5pm EST to Friday around 4pm EST.

• Ease of access: You can fund your trading account with as little as $250 at many retail brokers and begin trading the same day in some cases. Straight through order ex*****on allows you to trade at the click of a mouse.

• Freedom to trade anywhere in the world with the only requirements being a laptop and internet commission

Address

Pretoria West
1022

Opening Hours

Monday 06:00 - 06:00
Tuesday 06:00 - 06:00
Wednesday 06:00 - 06:00
Thursday 06:00 - 06:00
Friday 06:00 - 06:00

Telephone

+27794581167

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