Forex Trading In South Africa

Forex Trading

Here’s a short video on using the Fibonacci series in your trading, and below is my story and how I’m making money with forex:

Last year February I decided to Learn about Forex Trading, as I want to earn lots of money very quickly to realise my dream of living in the country and earn an income without too much of work.

I signed up a lead generating form with two online companies, on a whim, and both gave me a call within hours of each other explaining what they do. It seems lots of these businesses are platforms for people to trade on and they make their money out of the commissions that people pay from the pip spead, now that’s the business to be in.

And they both offer free training in how to trade, one suggests that I start with a minimum of $500 and learn as much as I can till I have enough money, the other suggests that a minimum of $100 as good enough to start with.

I’ll keep learning, and I’d love some people to work with. So if you’re interested in learning about this form of investment, or especially if you know something already and can help me out, then please get in touch :)

Etoro, the affiliate company that has brought me some money already, is having an affiliate promotion, and will send me some information about it soon. Who’s interested in making some money with affiliate marketing specifically related to forex trading? Please leave a comment below and  I’ll send you the necessary information as soon as its available. Like I said, I’ve already earned a payout, from a friend who signed up with them last year. I signed up for the revenue share model, so even though it took a long time to reach $100, as long as he’s with them trading, I’ll be earning a share of the profits on the pips that he makes or loses.

About Haroun Kola

i'm a rainbow warrior, spiritual activist, soul lover, evolutionary revolutionary, earth nurturer, web geek and a social media networker.

Comments

  1. Lin says:

    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

  2. Peter says:

    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

    • Haroun says:

      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!

  3. jacques says:

    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

  4. Haroun Kola says:

    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 :D
    Thanks
    Haroun
    <3
    My recent post How can I learn forex trading properly?

  5. Forex Robots says:

    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

  6. Nicki says:

    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

  7. Every person can trade on Forex and every person can earn money there! Especially in South Africa!). Thank you for this post and good luck!))

  8. zaheer says:

    hi there Haroun

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

    thanks

  9. keep you out of the market during dangerous sideways movements and times of low volume.
    These are the very times when many traders lose their money.This currency trading system is easy to use with forex information explained in simple terms, but if you need us, we are here for you. In fact, many of our customers say that the e-mail support is so good that it is worth the purchase cost for the support alone.

  10. stork club says:

    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?

  11. Haroun Kola says:

    Who’s an active trader?

  12. Gavin says:

    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?

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