Howzit and thanks so much for clicking through to my article on Forex Trading in South Africa. Its been a long journey for me in this industry since I got interested in the industry, first when I started out as a blogger and affiliate marketer looking for a niche to promote.

Why I wrote this article

To be honest, I wanted to rank for the keyword “Forex Trading in South Africa” and while I was once in Google’s front page, I now want to use my blog to document my progress learning how to trade instead of my original idea.

I wanted to earn a passive income and I felt I could do that in the industry but what I found was all the over hyped and useless products, scam brokers and horrible experiences that are part of the reality in this industry.

What follows in the rest of this page is the latest blog posts on the site that I’ve composed. Its a mix of my own live trades and other cool content I’ve found online. I’ve spent lots of time going through the horrible stuff that’s online. The best way is via my mailing list. I’ve created an email series that helps you be a better trader.

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My Latest Blog Posts

 

Floored The Complete Documentary Film

For some people, risking everything is nothing. Floored is a 2009 documentary film about the people and business of the Chicago trading floors. This is a very important movie for prospective traders to watch as it gives a good history and the progression of some of...

EURUSD Live Trade

My latest trade. I’m hoping for third time lucky. The last two trades were losers and I’m hoping that after this retrace to the 21 day EMA price will follow the downtrend. The deets are: Entry: 1.075 Stoploss: 1.086 TP: 1.048 Update I closed this position...

The Bond Market (Documentary)

This is second of five part story of Western Finance system. We may think the power resides with Presidents and Prime Ministers, in Parliaments and Palaces, not so. In today’s world, real power lies in the hands of an elite group, who controls the Global Bond...

New Wall Street Kings Of Cash

Ever wonder how those wall street brokers who made millions during the financial crisis live on your money? In this documentary you see the homes of Billionaires and multi Millionaires who earned their money on Wall street. New Wall Street Kings Of...

Profitable Forex Affiliate Programs

Forex Trading is a wonderful niche to be in online as traders new and advanced are always looking for either a broker, forex education or an Expert Advisor (EA) or any number of tools and services that’s always being created by intrepid entrepreneurs. I’ve...

I was alerted to the idea of Forex Trading by chance when a friend of a friend mentioned it in passing at a dinner party and many months later decided to investigate further. After a long road, which I’ll discuss later in this blog, I opened my first live trading account in August 2014 and started with my broker’s minimum amount, $200. I actually deposited $220 because I’m just funny like that.

I’m updating this post and writing this sentence on 30 October 2014 an my account sits at $700 thus far. I probabaly won’t get too many opportunities to keep this post up to date with its current size but you can see my MQL5 signal in the widget to your right.

The Three Steps To Forex Trading Success

Step One: Find a Credible Forex Trading Course/Mentor/Community

Finding Nial online has saved my forex trading life. Before I decided to follow his system, I was trawlin the free forums trying to cobble together a coherent strategy but since I’ve started working with the method he teaches, I’ve really become a more disciplined trader and I’m focusing on honing my trading skills.

With lots of free content on his blog (covering the psychological aspects of trading), a very reasonably priced course (around $350, and always has an endless 30% off discount), a trading system that works for those who want to trade part-time or full time.

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.

Step Two: Choose an honest broker

The button 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).

Now I know that this is not a South African Broker, you might as well use Standard Bank to trade if you’re looking for a local solution, but because of the course I chose to do, who recommends using New York close charts for the particular strategy he taught.

I’m also an IB of this broker so if you open an account through my link, I’ll earn a small commission from your trading activity and I’d most appreciative.

So please…. Click Here To Open A Demo Account with Axitrader

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.

When I found LearnToTradeTheMarket.com, it literally saved my life, I eventually bought the course in August 2013 (it costs around $300 and well worth it, just don’t expect overnight miracles)  and its given me a a great grounding in how professional traders behave consistently and the simple, easy to follow plan to take action on its already bringing me a successful and growing trading account.

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