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What is forex trading?

What is forex? Forex (also known as FX) is simply shorthand for “foreign exchange”, which is the trading of one currency for another. A forex trader speculates on the price movements of one currency against another with the aim of making a profit.

Who is the best South African forex trader?

Ref Wayne is another popular South African Forex trader who has been particularly inspirational to beginner traders for his extravagant lifestyle earned because of his successful Forex trading career.

Who is the richest forex woman in Africa?

Having earned the title Richest Forex Woman in Africa, Nobuhle Catherine Anajemba is the founder of the publicly quoted Digital Bank of Africa (DBA). This intrepid South African businessperson was able to amass a great amount of wealth as a Forex trader and businessperson.

Which countries regulate forex trading?

However, due to the heavy use of leverage in forex trades, developing countries like India and China have restrictions on the firms and capital to be used in forex trading. Europe is the largest market for forex trades. The Financial Conduct Authority (FCA) monitors and regulates forex trades in the United Kingdom.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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