Forex Trading

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Kyle93

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Hi Guys

Anyone know of a reliable well priced and legitimate forex trading platform for someone wanting to start day trading in order to become self employed.
 
computershare, standard bank, etc.

Just remember, it is about as easy to lose money as it is to make money on shares, depending on your background of the subject and knowledge of the focus companies and their markets.
 
dennis.se.foon said:
computershare, standard bank, etc.

Just remember, it is about as easy to lose money as it is to make money on shares, depending on your background of the subject and knowledge of the focus companies and their markets.
Click to expand...

Must agree with that. Way to much risk for my liking...
 
Take note that forex (as per OP's post) is not the same as shares/equities (as per the replies). Also, no risk = no reward.

For forex/equities/indices/etc. you could try https://www.gt247.com/ I think they are some of the cheapest brokers.

Do you have enough capital to start off with? Good day traders should aim to make at least 25% per year. On a R1mil account, you will only make R250k in the first year should you meet the target. Chances are that you will loose money in the first couple of years though. Not going to be easy without any prior knowledge.

I would suggest that you practice trading while you still have another day job.
 
Kyle93 said:
Hi Guys

Anyone know of a reliable well priced and legitimate forex trading platform for someone wanting to start day trading in order to become self employed.
Click to expand...

If you are starting out by asking question like these then you are almost certainly going to fail.

Remember the 80% that lose the money are paying the 20% that win the money.

https://www.ig.com/za is the best local option I reckon.
 
I get the whole risk and reward thing. I made 300 percent on cryptos in 3 week's before pulling out before the first fall in Jan. But there is alot of research and understanding that is needed with any of these kind of things. For example start off with those free accounts don't just leave your day job start with an amount you would be OK losing. It's jot as simple as now I'm a day trader... Also don't lend money to do this should you lose the loss will be even bigger. I know ppl who remortgaged their house for bitcoin...
 
Hi Guys

I know it is not easy and risky and wont happen tomorrow. It is something I am looking at getting involved in. Thank you for the replies. Just wasnt too sure how reliable some of the platforms are
 
Kyle93 said:
Hi Guys

I know it is not easy and risky and wont happen tomorrow. It is something I am looking at getting involved in. Thank you for the replies. Just wasnt too sure how reliable some of the platforms are
Click to expand...
Don't do it.
 
Kyle93 said:
Hi Guys

I know it is not easy and risky and wont happen tomorrow. It is something I am looking at getting involved in. Thank you for the replies. Just wasnt too sure how reliable some of the platforms are
Click to expand...

For forex look at PepperStone or IC Markets.
Cheaper to start out there
 
And there are so many scams on this of people teaching how to trade or a magical platform that make you money
 
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