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Forex Trading In South Africa

I’m so grateful that you’ve decided to click through to my site because you’re looking for information about Forex Trading in South Africa.

I’ve been wanting to connect to other’s in this country and to create a community of people to trade with, its a bit lonely trading alone.

What follows in the rest of the post is what I wrote when I started my journey researching this topic from Feb 2010. To summarise and encapsulate what I’ve learnt in from my journey’s and the resources I’ve chosen to use are:

Get a Credible Forex Trading Course/Mentor/Community

With lots of free content on his blog (covering the psychological aspects of trading), a very reasonably priced course (around $350, with his endless 30% off discount), a trading system that works for those who want to trade part-time, his fundamental system is looking at the daily charts once a day and only making a trade if ALL conditions are in the favour of a trade, this is the course that fits my personality best.

This course may not be the one for you and I do know of other courses that you can try that could be more appropriate to you, so get in touch with me for a chat, my details are below.

Choose an honest broker

The link above will take you to Axitrader’s website where you can open an live standard account, use this link for a demo account, or if you’re an advanced trader, then please get in touch for their ECN type account (you get a free forex vps with this one)

Check out Axitrader

AVAtrader is the platform that I currently use, and its mainly because of the business opportunity that they’re providing and if you join we can promote them together and earn a passive income at the same time, click here to sign up and start this business opportunity.

I hope in a few months time to have accounts with both brokers.

My Forex Trading Story

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.

If you want a local broker, I suggest ACMGold, who allow you to deposit in ZAR. They have an office in Sandton City, and you can connect with and speak to a them anytime you want.

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 Axitrader and ACMgold. Please go to:

http://harounkola.com/acmgold-forex-trading-business-opportunity/ to read more or sign up on the form in the side bar and a Axitrader representative will call you to find out how we can help you.

And after you read these

Related forex trading articles:

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  • AVA fx Open and fund your new account and receive a FREE cash bonus added to your account.
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  • Irfan Pardesi Interview on Mixfm talking about the Forex Trading Business Opportunity I was happy to be instrumental in this 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…

  • How To Make Money From Forex Trading Follow these steps as I show you how I make money from forex trading. Anyone can do it.
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  • where can i study forex in south africa(harounkola.com) If you’ve been wondering where you can study Forex Trading in South Africa then listen up. This is what I came up with in my research. I’ll keep updating this post over time, so you’ll know to come back here and give me your feedback.. Edu-Invest . A Cape Town based company that offers one on one tuition on trading currencies, options, stocks and…

Parkett-Boerse in Ffm

ieforex

Provides daily and weekly economic calendar, real time forex quotes and charts, center bank rate history, news, analysis, webmaster tools

URL: http://www.ieforex.com/en/


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Forex Trading In South Africa

37 Responses

  1. 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

    Lin March 2, 2010 at 12:06 pm #
    • Profile photo of Haroun Kola

      Thanks for dropping by Lin and for your advice, especially thanks for the sites you sent me to, to learn more. They’re great :-)

      Haroun Kola March 4, 2010 at 8:09 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!))

      Forex Trade Software April 20, 2010 at 11:59 am #
  2. 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

    Peter March 6, 2010 at 8:44 am #
    • Profile photo of Haroun Kola

      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!

      Haroun Kola March 18, 2010 at 3:11 pm #
  3. 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

    jacques March 9, 2010 at 11:56 am #
  4. 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?

    Haroun Kola March 18, 2010 at 2:56 pm #
    • Profile photo of Haroun Kola

      How cool, I’m liking Intense Debate too :-)

      Haroun Kola March 18, 2010 at 5:04 pm #
  5. 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

    Forex Robots April 12, 2010 at 7:30 am #
  6. 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

    Nicki May 10, 2010 at 4:45 pm #
  7. Profile photo of Haroun Kola

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

    Haroun Kola August 27, 2010 at 12:53 pm #
  8. hi there Haroun

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

    thanks

    zaheer September 15, 2010 at 11:39 am #
  9. 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?

    stork club October 5, 2010 at 10:15 am #
    • Profile photo of Haroun Kola

      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 :-)

      Haroun Kola October 5, 2010 at 4:27 pm #
      • thanks for the link Haroun…i will check it out. Have a nice day!

        stork club October 7, 2010 at 8:54 am #
  10. Profile photo of Haroun Kola

    Who’s an active trader?

    Haroun Kola January 23, 2011 at 11:01 pm #
  11. 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?

    Gavin May 5, 2011 at 4:14 pm #
    • Profile photo of Haroun Kola

      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!

      Haroun Kola May 5, 2011 at 5:58 pm #
      • is this safe???im taking of going into forex..any advice??

        Buffalo Sabres May 11, 2011 at 2:08 pm #
        • Profile photo of Haroun Kola

          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

          Haroun Kola May 11, 2011 at 5:51 pm #
          • Profile photo of Haroun Kola

            when i was confronted with the possibility of learning about forex, or just creating site, i took the latter :)

            Haroun Kola May 13, 2011 at 4:43 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/

            Daniel May 31, 2011 at 12:38 pm #
    • Profile photo of Haroun Kola

      Hi, I suggest using a credit card for this transaction.

      Haroun Kola May 11, 2011 at 6:41 pm #
  12. Profile photo of Haroun Kola

    I’m investigating the company ACM Gold, for this post

    Haroun Kola July 10, 2012 at 9:45 pm #
  13. Profile photo of Haroun Kola

    http://harounkola.com/forex

    Haroun Kola August 22, 2012 at 8:44 pm #
  14. Why you need some like? what benefit for you?

    Lương Duy Khánh November 30, 2012 at 6:30 am #
  15. Who trades Forex in South Africa? I want to start a Forex trading tutorial business… :)

    Haroun Kola January 17, 2013 at 1:39 pm #
  16. How many of my South African friends are interested in trading forex for an extra income?

    Haroun Kola February 20, 2013 at 11:33 pm #
  17. How many of my South African followers are interested in trading forex for an extra income?

    Haroun Kola February 20, 2013 at 11:34 pm #
  18. 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… :)

    Haroun Kola February 26, 2013 at 10:19 pm #
  19. Thanks for coming Mayihlome Klaas and Gareth Barnard. It was a great seminar today… :)

    Haroun Kola February 26, 2013 at 10:23 pm #
  20. Sharing my story of Forex Trading in South Africa with those who may be interested. Please Like and pass on.

    Haroun Kola March 24, 2013 at 12:01 pm #
  21. 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 April 29, 2013 at 1:08 pm #

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