Forex trading, also known as foreign exchange trading, involves buying and selling currencies to profit from the difference in exchange rates. Forex is the world’s largest financial market, with over $6 trillion traded daily. By learning forex trading as a beginner can open doors to riches you never thought you could attain, provided you approach […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
10 min
Updated Mar 8
The global forex market operates 24 hours a day, five days a week, but still, there are trading times where there is more volatility than others throughout the 24 hours. As a Trader knowing the exact times when different forex trading sessions open is very important. This article covers everything you need to know about […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
8 min
Updated Mar 8
Backtesting is the most important thing to do, especially if you are still new to trading. But choosing the best backtesting software is hard. This FxReplay vs Tradezella comparison will help you decide which one is the best backtesting software your you. I have been a day trader since 2020 and have used both of […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
3 min
Updated Mar 13
First National Bank (FNB) is one of South Africa’s biggest banks, and it uses 250 655 Universal branch code and FIRNZAJJ SWIFT code for different banking transactions. This article explains what these codes are, why they matter, and how to find them. I am a forex trader, so I use the SWIFT Code almost all […]
Reviewed by Nicolette Fact Checker
Nicolette
Fact Checker
+1
2 min
Updated Mar 8Standard Bank is one of South Africa’s biggest banks, and it uses (051 001) Universal branch code and (SBZAZAJJ) SWIFT code for different banking transactions. This article explains what these codes are, why they matter, and how to find them. I am a forex trader, so I use the SWIFT Code almost all the time […]
Reviewed by Nicolette Fact Checker
Nicolette
Fact Checker
+1
2 min
Updated Mar 8Nedbank is one of South Africa’s biggest banks, and it uses (198 765) Universal branch code and (NEDSZAJJ) SWIFT code for different banking transactions. This article explains what these codes are, why they matter, and how to find them. I am a forex trader, so I use the SWIFT Code almost all the time when […]
Reviewed by Nicolette Fact Checker
Nicolette
Fact Checker
+1
2 min
Updated Mar 8
Trading is like owning an international business, so you need a bank that accepts foreign currencies. And not all banks accept foreign currency, just imagine your withdrawals being declined just because of the bank you use. I have been a forex trader since 2020 and own 5 bank accounts, but I only trust FNB with […]
Reviewed by Nicolette Fact Checker
Nicolette
Fact Checker
+1
3 min
Updated Mar 8
Choosing the best forex brokers is not easy; a broker can be the best for one trader but not for another, depending on their trading style. But some fundamentals just make a broker, “The Best Broker,” like trade execution speed, trading fee, deposit & withdrawal fee, spreads, and more. I have been trading since 2020 […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
4 min
Updated Mar 13
I used to think that if you wanted to own a piece of a company, you could just walk into that company and ask the manager to sell you some shares. But I’ve since learned that’s not how it works. If you want to buy shares or stocks in any publicly traded company, you need […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
5 min
Updated Mar 13
When it comes to Forex trading, one of the most effective ways to improve your strategies and build confidence is by backtesting. Backtesting allows traders to simulate past market conditions and test their strategies without risking real money. There are tons of tools offering backtesting for algorithms or EAs then it’s hard to get manual […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
7 min
Updated Mar 13