Forex Trading In South Africa

Written by Haroun Kola and posted on February 24, 2010 in Forex Trading with Comments { 45 }

Update:

My continuing story about Forex Trading is the announcement of the Business Opportunity with ACMgold. Click here to read more.

If you’re new to forex trading, know nothing about it, are in Jozi and can get to Sandton City, then a good place to start is in attending one of the free forex seminars that my favourite brokers ACMGold, have on a Wednesday and a Friday. Please go to: http://harounkola.com/forex-seminars/ to book your place at the next one.

Forex Trading can be daunting in the beginning and they offer a simple way to get into the forex trading opportunity in South Africa.

With Forex trading becoming accessible to more people, many are trading and with some dedicated practice, especially the arts of patience and discipline, anyone can become a successful trader, from earning some extra income every month, or to building it into a full time business, or even a regular salary to replace their usual day job.

My story starts in February 2011 when I decided to Learn about Forex Trading, you see, I wanted to earn lots of money very quickly to realise my dream of living in the country and earn an income without too much “work”.

I was looking for the holy grail.

I signed up with etoro, on a whim, didn’t enjoy their OpenBook trading. Then learnt about Meta Trader, and other platforms. I also investigated forex robots like FapTurbo, a forex robot, and while I was pleased with the results, it needs forex vps servers, and I realised that Forex Trading is not a get rich quick scheme, and its easy to lose money actually.

Then I found LearnToTradeTheMarket.com and it saved my life and given me a good direction to follow and a simple, easy to follow plan to take action on, and now I’m playing the markets on a demo account with ACMGold, and trading on their online tradency platform.

Probably the easiest way to trade Forex is to let someone else do it for you, and Diverse FX can do just that, and all they ask is that YOU share 20% of the profits with them. Now this is what I like, finally a company who are so confident in their ability to trade forex, that they’ll only take money from you if you’re making money.

Diverse FX has 2 main offers and a 3rd offer tied in with the 2nd. The first offer is for their DFX management software to be placed on your Forex account via their VPS server. All the trades are automatically managed by the software while prices are manually set by Diverse FX.

Note: This can only be done via the MetaTrader trading platform and excludes any and all other trading platforms.

You only need a Forex account with a Forex broker of your choice which uses MetaTrader as their trading platform. The minimum account starting balance is US$1000.00 and there is no maximum.

For brokers, I suggest ACMGold, who allow you to deposit in ZAR. They have an office in Sandton City, and we’re beginning to have trading evenings there.

Their second offer is a recommended trade service. This allows you total control of your own trading account while they provide you with up to the minute recommended trades on both EUR/USD and GBP/USD currency pairs. You follow their exact trades by placing and modifying yours in accordance with theirs leaving you in total control of your account and keeping 100% of the profits.

This offer is suitable for both beginners and advanced traders as they provide a detailed instructions of how to place, open, close and modify your trades on the MetaTrader trading platform. All that is required on your part is to follow exactly the trades sent to you via email and available in real time within the members area.

If you choose this offer you are able to start trading with as little as US$100.00 or even less and depends upon your broker’s minimum. DFX has made this service affordable for everyone at only R285.00 (Around US$35.00) per month.

There is no contract and can be cancelled at any time.

Free forex training

Learn to Trade the Market Forex Strategy

If you’re serious about learning the art of forex trading, then you must follow Niall Fuller’s Price action trading strategy, and start trading this on a demo account. I’ve also built a few Forex sites to connect with others and I’d love to connect with you and find out about your forex trading story.

Forex Business Opportunity

As I mentioned in the beginning of the post. I’ve negotiated a business opportunity with ACMgold. Please go to:

http://harounkola.com/acmgold-forex-trading-business-opportunity/ to read more

And after you read these

More about Haroun

I'm devoting my online presence to promoting a forex trading business opportunity that I'd love you to join and grow with me.

Most personally, I think I'm here on this planet to help others realise how radiant, beautiful and delightful they are. I spend my time having fun creating the life of my dreams. You can read more about me here

Sign up for my email newsletter Please leave a comment. I'd love to hear your opinion, and anything else you want to share. Follow me online and I'd appreciate you sharing this post to your friends.
Blessings
Haroun

affiliate marketing, business, Commodities and Futures, Eurozone, Foreign exchange market, forex, forex trading, forex trading south africa, Investing, OpenBook, Sandton City, South Africa, Trade

Dolphin Swim: 23-26 September 2010 in Southern Mozambique

Mad Hatter’s Tea Party

Please leave a comment and join the discussion

Loading Facebook Comments ...

45 Responses to Forex Trading In South Africa

Lin March 2, 2010 at 12:06 pm #

Hi Haroun,

I have been learning Forex trading and have done demo trading before moving onto live trading. I suggest you start practicing on a demo account. FXCM(UK) and ALPARI (UK) have demo accounts for free, you can set up a micro account from as little as $50, however I would recommend you start at least with $500, when you get onto the live trading.

Good Luck
Lin

Reply
- Haroun Kola March 4, 2010 at 8:09 am #
  
  Thanks for dropping by Lin and for your advice, especially thanks for the sites you sent me to, to learn more. They’re great
  
  Reply
- Forex Trade Software April 20, 2010 at 11:59 am #
  
  Yeah, I see. I have done demo trading too (2 years ago). Experience and only own experience. Now I have success on Forex!))
  Good Lock!))
  
  Reply
Peter March 6, 2010 at 8:44 am #

Hi,

I’m learning trading and have done some forex. My main focus is JSE equities but the forex is very interesting yet difficult. For forex I’m using FxPro.com, I had some bad experiences with other companies…

Perhaps I can assist you with a question or two…

Regards

Peter

Reply
- Haroun Kola March 18, 2010 at 3:11 pm #
  
  HI Peter, thanks for stopping by here. I'd love your help, being just a newbie, I need all the help I can get.
  And I've got lots of questions!
  
  Reply
jacques March 9, 2010 at 11:56 am #

Two things:
1st- Great looking website
2nd- I’m also new to the whole Forex trading business and would like to wish you the best for your ventures into the Forex markets

Reply
- Haroun Kola March 18, 2010 at 3:09 pm #
  
  Thanks Jacque
  For your feedback and your well wishes. I wish you the best and an abundance of abundance from your forex trading B)
  My recent post How can I learn forex trading properly?
  
  Reply
Haroun Kola March 18, 2010 at 2:56 pm #

I've created a new site, combining my new found knowledge of auto-blogs and my interest in Forex. I'm looking forward to earning a comfortable living when I finally make it to my paradise space of love.

That's the end, and the means, is via these sites.
Please visit and check it out
Thanks
Haroun
<3
My recent post How can I learn forex trading properly?

Reply
- Haroun Kola March 18, 2010 at 5:04 pm #
  
  How cool, I’m liking Intense Debate too
  
  Reply
Forex Robots April 12, 2010 at 7:30 am #

it would be just great if you report about the result of your forex niche investigation for example about every week. And may be we`ll be able to create the real community of forex professionals in the future

Reply
Nicki May 10, 2010 at 4:45 pm #

I did a 2 day seminar with Share Direct with a guy called David Paul. It was great and I am having a lot of succes and fun. His strategies are realy woking for me. Hope you guys have a lot of succes as well

Reply
- Haroun Kola May 14, 2010 at 8:10 am #
  
  Thanks Nicki. Where are you from?
  
  Reply
Haroun Kola August 27, 2010 at 12:53 pm #

Thanks for dropping by here and your comment. Good luck with your services

Reply
zaheer September 15, 2010 at 11:39 am #

hi there Haroun

i would like to venture into forex trading. how do i start and which brokers do i use?

thanks

Reply
stork club October 5, 2010 at 10:15 am #

Hello Guru..glad to see your site is back! I am also interested in learning about Forex trading but still on the fence about it. Any suggestions?

Reply
- Haroun Kola October 5, 2010 at 4:27 pm #
  
  A big one, check out http://babypips.com
  They’ve got an excellent basic course that will give you an understanding of what’s involved
  
  Reply
  - stork club October 7, 2010 at 8:54 am #
    
    thanks for the link Haroun…i will check it out. Have a nice day!
    
    Reply
    - Haroun Kola October 7, 2010 at 9:20 pm #
      
      Have a nice day too Julia
      
      Reply
Haroun Kola January 23, 2011 at 11:01 pm #

Who’s an active trader?

Reply
Gavin May 5, 2011 at 4:14 pm #

Hi fellow traders

I have been trading CFD’s for some time and recently opened an account with Alpari UK for Forex micro. Could someone explain to me how to go about transferring funds into the account, the bank wants to charge me R1000 reserve bank approval fee + SWIFT fee to transfer R3000 (+/- $400) which means 1/3rd of my initial capital, which I find insane!… If I were to go the credit card route instead, how would the reserve bank approval work? or are credit cards exempt?

Reply
- Haroun Kola May 5, 2011 at 5:58 pm #
  
  I’ve never had any trouble transferring that amount if money via credit card transaction. It’s the SWIFT fees that kill you.
  
  If you use your cc, it’s the broker accepting your currency that’s dealing with the charges. Good luck and let me know how it goes with you!
  
  Reply
  - Buffalo Sabres May 11, 2011 at 2:08 pm #
    
    is this safe???im taking of going into forex..any advice??
    Buffalo Sabres posted..Buffalo Cool Place T-Shirt
    
    Reply
    - Haroun Kola May 11, 2011 at 5:51 pm #
      
      Forex is very unstable, so you need to know exactly what you are doing. The safest way of making money through forex, in my opinion, is to create an affiliate site for forex, and profit by other’s who are looking for information, brokers, programs etc. Check out my forex site, http://forexlearntrading.net
      
      Reply
      - Haroun Kola May 13, 2011 at 4:43 pm #
        
        when i was confronted with the possibility of learning about forex, or just creating site, i took the latter
      - Daniel May 31, 2011 at 12:38 pm #
        
        Hi I found this website quiet informative, but Even if you not interested in actually forex trading you can still make money by being a forex affiliate. see my website on how you can make a success as a Forex affiliate: http://www.forextactics.net/best-forex-affiliate-programs/
- Haroun Kola May 11, 2011 at 6:41 pm #
  
  Hi, I suggest using a credit card for this transaction.
  
  Reply
Haroun Kola July 10, 2012 at 9:45 pm #

I’m investigating the company ACM Gold, for this post
Haroun Kola posted..ACMGold

Reply
Haroun Kola August 22, 2012 at 8:44 pm #

http://harounkola.com/forex

Reply
Lương Duy Khánh November 30, 2012 at 6:30 am #

Why you need some like? what benefit for you?

Reply
Haroun Kola January 17, 2013 at 1:39 pm #

Who trades Forex in South Africa? I want to start a Forex trading tutorial business…

Reply
Haroun Kola February 20, 2013 at 11:33 pm #

How many of my South African friends are interested in trading forex for an extra income?

Reply
Haroun Kola February 20, 2013 at 11:34 pm #

How many of my South African followers are interested in trading forex for an extra income?

Reply
Haroun Kola February 26, 2013 at 10:19 pm #

Thank you Mayihlome Klaas Gareth Barnard Empress Tallowah for coming to the Seminar today. It was amazing, and I’m looking forward to many more wonderful opportunities to connect, gather and make money with Forex Trading…

Reply
Haroun Kola February 26, 2013 at 10:23 pm #

Thanks for coming Mayihlome Klaas and Gareth Barnard. It was a great seminar today…

Reply
Haroun Kola March 24, 2013 at 12:01 pm #

Sharing my story of Forex Trading in South Africa with those who may be interested. Please Like and pass on.

Reply
Forex Tutor April 29, 2013 at 1:08 pm #

Hey Haroun, thanks for your comment on my blog. I personally enjoy etoro since you can always compare your decissions with more experienced traders. It’s especially important for newbie traders, who don’t have strong technical analysis knowledge,
Forex Tutor posted..FOREX CHARTS- The Very Beginning Of Forex Trading Strategies

Reply
- Haroun Kola April 29, 2013 at 2:34 pm #
  
  Thanks for your comment here on my blog and for your experience with etoro. I’ve taken them up on their free $20 account, and am enjoying seeing it grow slowly. Get your $20 at: http://www.etoro.com/B4258_A22602_TClick.aspx
  
  Reply

Trackbacks/Pingbacks

forex webs » forex trading in south africa - January 10, 2011
[...] 6.Forex Trading In South Africa | Haroun Kola Forex
trading strategies, learning how to make money in this form of
investing … Learn Forex Trading; South Africa’s
’ubuntu warriors’; Renewable Energy Projects in
Johannesburg South Africa; Khula Dhamma An Eco Community in the
Eastern Cape of South Africa; Social Media Collaboration Club, Jozi
South Africa; http://harounkola.com/forex-trading-in-south-africa/
[...]
forex webs » forex south africa - June 19, 2011
[...] 13.Forex Trading In South Africa | Haroun Kola Forex trading strategies, learning how to make money in this form of investing … Learn Forex Trading; South Africa’s ’ubuntu warriors’; Renewable Energy Projects in Johannesburg South Africa; Khula Dhamma An Eco Community in the Eastern Cape of South Africa; Social Media Collaboration Club, Jozi South Africa; http://harounkola.com/forex-trading-in-south-africa/ [...]
Keep it simple stupid forex trading system on Learn Forex Trading - August 24, 2012
[...] and time again and be filled with frustration and confusion. There is nothing systematic in the forex market; the market is not a static beast that can be tamed through a black box mechanical system. It is a [...]
What impact the Cyprus crises has on forex traders | - March 19, 2013
[...] Cyprus bank deal unveiled Sunday means some bad news for currency traders. It means the end of easy money. The plan is to tax deposits held in Cypriot banks to pay for the [...]
ACM Gold Forex Brokers in South Africa - April 4, 2013
[...] though you can find it on the forex trading post on the site that’s got this all started here but I’m not saying any more about [...]
Irfan Pardesi Interview on Mixfm talking about the Forex Trading Business Opportunity - April 6, 2013
[...] interview that my friend, the CEO of ACMGold, Irfan Pardesi did with MixFM. Hear Irfan talk about forex trading, and how he believes that it can help the chronic job crises plaguing South African [...]
I've found the coolest Forex Affiliate Programs in South Africa - April 18, 2013
[...] did I know all those months ago, when I first envisaged making money from forex trading that it would lead to this, developing a blogging network of people documenting their process of [...]
Free & Weekly Forex Seminars in Sandton City - April 18, 2013
[...] you’re new to Forex Trading then listen up because ACMGold is offering free seminars at their offices in Sandton [...]

Navigation

Forex Trading In South Africa