Start your Forex trading career by reading our beginner articles. We cover an introduction to the Forex market and explain basic terminology used in Forex trading.
Learn Forex Trading
These articles include how the Forex market works, what hours the market operates, how to find a reliable broker to connect you to the Forex market, and an introduction to the different trading software called platforms.
- Introduction to Forex Trading in South Africa – A Beginners Guide
- Is Forex Trading Legal in South Africa?
- Which are the best Forex brokers in South Africa?
- Which are the best FSCA-regulated brokers?
- What are the Forex trading hours?
- What is a Forex trading platform?
- How to verify broker regulation
- Guide to opening a Forex account in South Africa
- Understanding your Trading Costs in Forex
- How to place my first trade?
- Tax Implications for South African Forex traders in South Africa
Forex Trading Terms for Beginners
These articles introduce the beginner trader to the jargon used in Forex trading. They explain the basic terms that will help a newcomer understand a trading platform, learn from articles about beginner Forex strategy, and assist in conversations with other traders.
- What is a Pip?
- What are Lots and Leverage?
- What is Equity & Margin?
- What is Stop Loss and Take Profit?
- What is Short Selling?
- What is Scalping?
- What is Price Action Trading?
Forex Trading Strategy For Beginners
These articles will introduce a beginner to the basic trading strategies used in Forex trading. They cover the basics of creating a trading plan, an introduction to the different areas of analysis, how to perform basic analysis for these strategies.
- Creating a Trading Plan
- 7 Vital Forex Trading Tips for Beginners
- Technical Analysis vs Fundamental Analysis
- Introduction to Sentiment Analysis
- Using an Economic Calendar
- Charts – Bar Charts, Volume & Time Comparisons
- Charts – Double-Tops and Double-Bottoms
- How to Establish a Directional Bias
- Overview of Forex Analysis Tools
- MetaTrader 4 – A Complete Guide
Further Reading
Extra reading for traders who have read the beginner articles. Now you can learn more advanced trading strategies and concepts.
- Dow Theory – Introduction to Technical Analysis
- An introduction to the Elliot Wave Principle
- Pivot Points
- Commodity Channel Breakouts
- Forex Momentum
- Multiple Time Frame Strategy & Analysis
- Trading Forex Gaps
- Long-term Trading Strategy with the COT Report
- Long-term Trading Strategy with Open Interest
- Fade a Move Strategy in Forex Trading
- Taking Advantage of Fakeouts in Forex Trading
- Forex Stop Hunt Strategy
- The Memory of Price Strategy
- Turn Trade Strategy
- The US Non-Farm Payroll Report
- Gold and The Aussie Correlation
Currency Pair Analysis
A big part of Forex trading is choosing a currency pair to trade. Beginner traders are advised to choose a few currency pairs to trade and stick to those pairs. This section includes studies that cover individual currency pairs that are common for beginners to trade.
- EURUSD – with live charts, seasonal fluctuations, and historical analysis.
Country Guides to Trading Forex
Our readership comes from countries all around central and southern Africa. To best help beginner Forex traders in these countries, we have put together guides to the best brokers in these countries. If you live in any of these countries, we wrote these guides with you in mind.
- Forex Trading in Namibia – The Namibia Financial Institutions Supervisory Authority does not regulate Forex brokers in Namibia and residents are free to trade with international brokers. Like in many countries in the region, scams involving local brokers and dealers have highlighted the lack of regulation so it is wise to be wary of Namibian brokers or third parties.
- Forex Trading in Rwanda – Forex trading in Rwanda is legal but there is no local regulation to speak of and restrictions on trading with the Rwandan Franc. The National Bank of Rwanda is seen as relatively progressive and has made inquiries into launching a government-backed cryptocurrency, so we expect Forex trading to become regulated in the near future.
- Forex Trading in Swaziland – Forex trading in Swaziland is legal but there are no local brokers and most Swazi traders rely on the South African Forex industry for access to the market. If you want to trade in Rand, it is recommended that you use one of the better South African brokers, otherwise be sure to use a well-regulated international broker.
If you have questions, please write to us, and we will do our best to answer those questions you have.
where south African;s can attend for training?
Hi Florence, there are a few brokers in SA who run live workshops, but this requires that you live close to their offices. A better idea would be to take advantage of the live webinars that many brokers offer – have a look through our list of the best brokers for beginners, they all have excellent educational setups: https://tradeforexsa.co.za/forex-brokers-south-africa/brokers-for-beginners/
Mr I need to know where can I get a trading robot for my self
Hi Richard, it depends on what trading platform you use. MT4 and MT5 both have a marketplace for indicators and robots, as does cTrader. If you are using a broker’s own platform you will have to discuss with them what they offer.
I really enjoy your article – i will definitely recommend to many Namibians here. Keep it up