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 7
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 7
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 7
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
Going from trading personal accounts to prop firm trading can be a big challenge since prop firms have many rules you must follow. I have been trading prop firms for over 1 and a half years and managed to get funded from Alpha Capital and FTMO two of the most popular firms. In this prop […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
7 min
Updated Mar 8
Trading platforms are the backbone of every trader’s journey. In 2024, most proprietary trading firms (prop firms) lost their licenses with MetaQotes to offer MetaTrader 5/4 in their Prop Firm but a lot of alternatives emerged and some are even offering better features than MT5/4 In this article, we’ll review the 5 Best Trading Platforms. […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
5 min
Updated Mar 8
Backtesting is important for traders looking to refine their strategies and increase their chances of success. Among the many tools available, FxReplay and Forex Tester are the two most popular. Both tools focus on traders who want to test strategies with reliable historical data, but each tool has unique features, strengths, and weaknesses. In this […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
3 min
Updated Mar 8
As a trader, testing and refining your strategy is very important especially if you want to become a successful trader. This is where backtesting tools come into play, they will make your backtesting as easy as possible. Forex Tester is one of the most popular choices. But does it truly live up to the hype? […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
6 min
Updated Mar 8
Among 100s of backtesting tools available, FxReply is one of the best backtesting software. Whether you’re a beginner or an experienced trader, this tool offers an intuitive, user-friendly experience designed to help you refine your trading edge. In this FxReply review, we’ll take a deep look at its features, user feedback, and why it stands […]
Reviewed by Nicolette Fact Checker
deguru
Subject-Matter Expert
+1
7 min
Updated Mar 8