Beginner-friendly forex trading guides for South Africans. Learn how currency pairs work, when trading sessions open, and how strategies like Smart Money Concepts (SMC) are used by traders.
The question is how much do you need to start forex trading in South Africa? Most people when they hear the word “forex trading,” they instantly think you need thousands of rands to start trading, but that is not true. You can start forex trading with as little as R100. But let’s be realistic, you […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
3 min
Updated Mar 13
Prop Firm is a blessing to traders without enough capital to start trading. With a prop firm, you can spend just $60 and have access to $10 000 of trading capital. But unlike forex brokers, prop firms are not regulated yet, meaning they can shut down anytime and disappear with your money. This process is […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
8 min
Updated Mar 13
Smart Money Concepts (SMC) sounds complicated because most people explain it like a secret code. In reality, SMC is just about understanding how big players move the market and why price behaves the way it does. Most beginner traders in South Africa lose money not because SMC doesn’t work, but because they jump into entries […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
6 min
Updated Mar 9
In Business, choosing a reliable and cheap supplier can have a big impact on its success. Similar to trading, choosing the wrong forex broker can make you fail as a trader. I have been trading forex since 2020, and have used over 20 of the most popular forex brokers, including FxPro. In this FxPro Review, […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
4 min
Updated Mar 13
Backtesting your trading strategy is an important part of becoming a successful forex trader. It allows you to simulate historical market conditions to refine your approach without risking real money. While Forex Tester is one of the most well-known tools for this purpose, but its price does not justify the available features it offers. Fortunately, […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
6 min
Updated Mar 13
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
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
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