Internet usage has risen dramatically over the past five years, with recent statistics indicating that one-third of the world’s population is now connected to the internet. Because of this progression, online trade has been able to develop and be exploited all over the world.
As a result, online trading can help many developing economies that are struggling to find new avenues for growth. However, despite the numerous advantages of online trading, it has not yet penetrated the South African economy to its extent in the Western world. While most small and medium-sized businesses in Africa have yet to venture into online trading, many consumers appear to be wary of making purchases on the internet in general. As a result, many South African states have been unable to fully benefit from the growth in online trading in recent years.
However, with so many options available, this can raise some concerns. What is the best way to conduct online trading in South Africa? Is online trading regulated in South Africa? We will do our best to provide you with as much information as possible in this article.
South Africa does not have many brick-and-mortar businesses, which are the primary victims of the disruptive effects of new online trade methods and markets in other parts of the world. Rather than creating a new technological market framework, it can integrate into an existing technological market framework and benefit from the relative maturity of the electronic trade sector. Similar to how Africa skipped over the fixed-line phase of connectivity and went straight to feature phones, and now smartphones, is happening here.
Mastering trading is a demanding skill, and it takes time to become proficient. Even though numerous individuals and platforms claim that trading is a simple way to make money, it is critical to consult with a registered financial advisor or financial professional to ensure that trading is appropriate for your risk profile. Depending on your financial situation, online trading in South Africa can be a profitable investment and source of income.
When traded properly and at the appropriate time, stocks, exchange-traded funds, commodities, CFDs, and cryptocurrency have all produced excellent returns. With many of these trading assets now being available for purchase and sale via the internet, doing business online in South Africa is becoming more accessible and affordable for South Africans to do business online.
Developing the business environment in South Africa
Because the investment required is lower and you can reach a larger number of consumers, online trading is a much safer and more cost-effective way for small businesses to expand their operations. Instead of doing what Europe and the United States do, merchants go from offline to online, start small, invest, and grow from there. Then go from online to offline, rather than the other way around.
Everywhere in the World
Among the many benefits of online trading is that it is available to people worldwide! Whether you’re in South Africa, Australia, or the United Kingdom, you have access to the entire world market to assist you in meeting your online needs.
Forex trading is considered to be the ultimate discipline in the financial market. Inexperienced people are usually discouraged from doing so, because this is where heavy losses can be made – so who makes the profits?
In fact, it is many, many people who make the smallest profits. And a few very, very few who also make bigger profits. The relevant platforms always advertise that forex trading is also feasible for beginners and beginners, but many people quickly lose the fun after initial losses. With a few tips, however, you can approach the matter cautiously and minimize the risk.
Find trusted trading platforms
Whenever it comes to the “big money“, you will also find few serious offers. If you want to enter foreign exchange trading, you should first read some basic knowledge. This works via guides on the Internet. Foreign exchange trading is often referred to there by the English term Forex trading and is explained in detail at various points. Basic concepts should be clear. If you don’t know what a motto is and can’t do anything with terms like Stop Loss Order, Margin and Leverage, you’re going to have a hard time. But it is still about trade itself.
What about the brokers?
Reputable brokers promise no profits
Reputable brokers point out the risk. Especially with levers (leverage) and other finesses, beginners should not give up at first. Because the higher the profits, the higher the risk. Reputable brokers point this out. And a reputable dealer will always offer a detailed explanation up to courses and guides. And with that we are already with the tips to make foreign exchange trading 2020 as pleasant as possible:
Forex trading is associated with fees – brokers with favorable terms can only be found in comparison. And what is favorable depends on the individual circumstances.
At first it would be better not to take any risks! In general, you should only use sums whose loss can really be hurt.
Learning is easy in a relaxed atmosphere. Therefore, please first develop a routine way of working with small inserts.
Use demo account: Some brokers offer the demo account for free and without any time restriction. Ideal for beginners and beginners to learn! Learn to deal with losses in a relaxed manner. Those who invest even more out of frustration or go into the next trade with bad feelings act in a hurry. Good broker means that support (i.e. customer service) is good. Especially at the beginning you have a lot of questions and one or the other problem. Build up background knowledge and always follow the news from politics and business, take advantage of educational opportunities.
Conclusion:
Despite high daily turnover, forex is no lottery!
Forex trading is a business like any other trade as well. Just because the average daily turnover seems so high, the majority of orders just don’t get rich with it. In fact, most mourning always goes smaller and bigger losses, sometimes winning a bit or a bit more. In the long run, only those who are permanently trained and invest a lot of time in foreign exchange trading are successful.
It is important that newcomers in forex trading know how to select their first forex broker.
Therefore, we would like to give you a brief overview of which areas you should pay attention to. As a beginner if you want to use the best possible online broker for you then you will have to compare the services and extras, quality of customer service etc etc.
1. Minimum deposit and spread
One of the most important conditions that beginners in particular should always pay attention to is the minimum deposit. This should not be too high, because if you trade in foreign currency or CFDs for the first time, you don’t necessarily want to deposit a five-digit amount into the account, but start with smaller amounts. Therefore, especially those Forex and CFD brokers that require a minimum deposit of a few hundred euros are recommended.
2. Spread
Another condition that is also important is the estimated spread.
This is the main fee factor, so it is also important for beginners to choose fx broker that provides the lowest possible spreads. In addition, of course, there are other conditions, such as the maximum leverage. However, this is not so interesting for you as a beginner, because it is recommended to start CFD or Forex trading first with smaller leverage and thus with a higher margin or equity share. The higher the leverage, the higher the risk in relation to the equity capital used.
In the area of services, you can recognize a good broker for beginners by providing a demo account. This test account should meet several requirements. An important point is that the demo account can be used indefinitely in the optimal case. In this case, you will not be pressured to be familiar with all the customs of trading and the trading platform within a maximum of 14 days. The demo account, which is running for an unlimited period of time, therefore has a great advantage over all other test accounts, which are limited in time.
Another point to watch out for in the demo account is that it is equipped with sufficient virtual capital. Ideally, it is also a “real” demo account, which means that a deposit does not have to be made to the real trading account before the test account can even be used. Mobile trading should now also be one of the services provided by the respective broker. Of course, you have to pay attention to this point especially if you want to trade not only from your home PC, but also want to take advantage of the opportunity to generate trading orders, for example, on the go or on holiday.
3. Accessible and friendly customer service
Another thing that has become increasingly important in recent years, especially for beginners in the choice of broker, is a well-functioning and quickly accessible customer service. Here, too, there are values that are certainly to be regarded as optimal in comparison with the brokers. This is ideal if employees can be reached every day for at least twelve hours. In addition, the type of communication also plays an important role, because you certainly sometimes want to get immediate answers to your questions or solutions to problems. Therefore, it is advantageous if the customer service is available both by phone and via live chat, as this can be guaranteed fast and hopefully competent answers. A good broker for beginners like Admiral Markets for example, also distinguishes that there is an extensive learning and knowledge portal on the website. For example, you can use videos to learn how trading works and what to look out for. Online webinars are also very popular, as you have the opportunity to learn about certain topics and also to ask questions and to get involved interactively.
The price of oil together with silver, rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a whole lot of the world supplies the oil. Stock markets were broadly stable as investors monitored the outcome and ongoing trade talks between China and the U.S. to raise energy prices, snapping higher after U.S. President Donald said a U.S. warship intus had an Iranian drone, had something threatening. While Iran denied the incident, it is the latest incident to increase tensions and uncertainty in the region, in which oil tankers have been attacked or threatened. About 20% of the world’s oil trades through the Persian Gulf, leaving the investor aware of the potential for disruption-to-ship traffic. The U.S. benchmark for crude oil rose 71 cents, or 1.3%, to close at .56.01 a barrel in electronic trading on the New York Mercantile Exchange. Brent, the international oil standard, picked up 98 cents, or 1.6%, to .62.91 a barrel. Stock markets were mixed, with Britain’s FTSE 100 shedding 0.1% to 7,484 and the CAC 40 in Paris falling at the same rate at 5,543. In Germany, the DAX rose less than 0.1% to 12.236. Wall Street looked set for small gains, with the future for the Dow Jones Industrial Average up 0.2% and the future for the S&P 500 up 0.1%. “Reports” that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts, as planned, helped ease some concerns about deepening the trade war between Washington and Beijing. The Dead Point, about China’s long-standing trade surpluses and its policy aimed at building advanced high-tech industry has added concerns about slowing demand and weaker Chinese growth.
Expectations that the U.S. central bank is moving quickly to lower interest rates have also contributed to buoy an eye’s mood recently. Statement by the president of the Federal Reserve Bank of New York, John Williams, what central banks must “quickly act” if conditions turn negative, Wetzstein investors have appetite for the purchase, analysts said. “Investors are very sensitive to calm comments from Fed presidents these days as they try to figure out if the Fed would cut interest rates by 50 basis points by the end of this month,” Ipek Ozkardeskaya of London Capital Group said in a statement. Report. “Given that a 50-basis point cut would trigger another rally in global equities, any remark of calm nature immediately sits down in higher asset prices,” she said. In Asian trade, Japan’s Nikkei 225 index jumped 2%, including 21,466.99, while Hong Kong’s Hang Seng climbed 1.1% to 28,765.40. The Shanghai composite index rose 0.8% to 2,924.20, while South Korea’s Kospi added 1.4% to 2,094.36. India’s Sensex slipped 1.3% to 38,390.88. Shares rose in Taiwan and Southeast Asia. investors with a view to the earnings situation of the companies. So far, in the U.S., results have been mixed, though only about 13% of S&P 500 companies have reported, according to FactSet.
Analysts expect profits to fall 2.4% of the total by the time all reports are counted. In currencies, the dollar rose to 107.60 yen from 107.30 yen on Thursday.
The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a whole lot of the world supplies the oil. Stock markets were broadly stable as investors monitored the outcome and ongoing trade talks between China and the U.S. to raise energy prices, snapping higher after U.S. President Donald said a U.S. warship intus had an Iranian drone, had something threatening. While Iran denied the incident, it is the latest incident to increase tensions and uncertainty in the region, in which oil tankers have been attacked or threatened. About 20% of the world’s oil trades through the Persian Gulf, leaving the investor aware of the potential for disruption-to-ship traffic. The U.S. benchmark for crude oil rose 71 cents, or 1.3%, to close at .56.01 a barrel in electronic trading on the New York Mercantile Exchange. Brent, the international oil standard, picked up 98 cents, or 1.6%, to .62.91 a barrel.
Stock markets were mixed, with Britain’s FTSE 100 shedding 0.1% to 7,484 and the CAC 40 in Paris falling at the same rate at 5,543. In Germany, the DAX rose less than 0.1% to 12.236. Wall Street looked set for small gains, with the future for the Dow Jones Industrial Average up 0.2% and the future for the S&P 500 up 0.1%.
“Reports” that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer spoke with their Chinese counterparts, as planned, to come with more talks, helped ease some concerns about deepening the trade war between Washington and Beijing.
The Dead Point, about China’s long-standing trade surpluses and its policy aimed at building advanced high-tech industry has added concerns about slowing demand and weaker Chinese growth. Expectations that the U.S. central bank is moving quickly to lower interest rates have also contributed to buoy an eye’s mood recently. Statement by the president of the Federal Reserve Bank of New York, John Williams, what central banks need to “quickly act” if conditions turn negative, Wetzstein investors have appetite for the purchase, analysts said. “Investors are very sensitive to quiet comments from Fed presidents these days as they try to figure out if the Fed would cut interest rates by 50 basis points by the end of this month,” Ipek Ozkardeskaya of London Capital Group said in a statement. Report. “Given that a 50-basis point cut would trigger another rally in global equities, any remark of calm nature immediately sits down in higher prices of assets,” she said. In Asian trade, Japan’s Nikkei 225 index jumped 2%, including 21,466.99, while Hong Kong’s Hang Seng climbed 1.1% to 28,765.40. The Shanghai composite index rose 0.8% to 2,924.20, while South Korea’s Kospi added 1.4% to 2,094.36. India’s Sensex slipped 1.3% to 38,390.88. Shares rose in Taiwan and Southeast Asia. investors with a view to the earnings situation of the companies. So far, in the U.S., results have been mixed, though only about 13% of S&P 500 companies have reported, according to FactSet. Analysts expect profits to fall 2.4% of the total by the time all reports are counted. In currencies, the dollar rose to 107.60 yen from 107.30 yen on Thursday. The euro weakened to .1239 from .1279.
The price of a Canadian silver coin at precious metals retailer Degussa rose sharply to 17.59 euros on Thursday. The coin-shaped silver ounce, adorned with the Canadian maple leaf and the profile of the Queen of England, reached its previous annual maximum price. And the kilobars of fine silver have exceeded the mark of 500 euros.
On the commodities market, the price of silver is currently more than 14.50 euros per ounce, reaching an annual high. Only on 27 February had the price briefly been more expensive when it temporarily shot up to 14.94 euros. However, this level could not hold the price until the close of trading and quickly became cheaper again.
Silver coins such as the Canadian “Maple Leaf” or the “Vienna Philharmonic” are popular with savers who want to invest in precious metal but shy away from the high prices for gold coins or ingots. By comparison, a fine gold coin with the mass of one ounce, such as the popular South African Krugerrand, currently costs around 1300 euros and is therefore worth 76 times a silver coin.
Silver is therefore jokingly referred to as “gold for the poor“. In fact, the price of silver often follows the price of gold – but not always. According to New York-based wealth management company WisdomTree, movements in the price of gold and silver have a correlation of 80 percent. When the price of gold rose 10 percent in June, silver rose only 6 percent. Sometimes the movements are even opposite. If you want to imitate the development of the more expensive gold with the cheaper silver, you can also be wrong.
The Gold for the poor
Incidentally, unit prices for coins and ingots only play a role in physical purchases. If you invest elegantly in gold or silver securities on the commodity markets, you don’t have to worry about denominations. But gold and silver in particular are all about many investors owning the investment products physically. Because with coins and ingots, many people want to hedge against economic crises or currency reforms – and in these extreme scenarios, independence from the financial industry counts. Anxious people follow the motto: Safe instead of depot.
Commodity expert Nitesh Shah, of wealth manager WisdomTree, expects the silver price to continue its rally but is not expected to fully open up to the gold price. Gold has already risen significantly, mainly due to growing global conflicts and uncertainties. The drivers here are the US-China trade war and the tensions between Iran and the United States.
According to WisdomTree’s forecast model, the price of silver per fine ounce is expected to rise from 15.30 dollars at the end of June to 17.00 dollars in December. Subsequently, a decline to 16.50 dollars is expected by the end of June 2020. On a year-on-year basis, WisdomTree sees the price of silver up almost seven percent. Gold, on the other hand, is only rising by five percent, according to the asset manager.
Silver and business cycles
Those who buy silver coins or bars at the counters of German banks or in domestic precious metal trading on the basis of such forecasts must also keep an eye on the exchange rate of the euro against the dollar.
Why do the prices of gold and silver develop differently and sometimes even in the opposite direction? Gold is not only used for investment and crisis protection, but is also in high demand by the jewellery industry. The demand of the jewelry manufacturers depends on the season. Demand is increasing regularly before Christmas, the Chinese New Year or the Indian wedding season.
Silver is also not only used for investment products such as ingots or coins. According to WisdomTree, half of the precious metal goes to industry, especially the electronics industry. And industrial silver demand depends heavily on business cycles. If the mood in the industry is clouded by the fear of the trade war and the concern about international conflicts, this usually speaks to a falling demand for silver.
What is the silver forecast for Q3 2019 ?
According to the Ezra Moldala from Etoro broker: “Silver can reach $19 per ounce in Q3 since all technical aspects are bullish as we speak.”
According to BusinessInsider.com, we can expect Silver to reach all time high above $26 before the end of 2020.
Losses and gains in the S&P 500 are currently roughly in balance. The stock barometer gains 17 points. The mood today in securities trading remains unchanged. The S&P 500 rose only a very small 0.25 percent. The index is now rated at 2,986 points.
Image source: google.com
These shares may currently rise
If you look at the price list, the papers of Philip Morris, Kla-Tencor and Union Pacific are strikingly. Philip Morris‘ stock was the biggest increase. It was up 9.83 percent from the previous day’s closing price. The price of the paper is currently USD 89.02. Philip Morris International (PMI) is one of the largest manufacturers of tobacco products worldwide. Kla-Tencor’s securities have also become more expensive. It is up 5.04 percent. The stock is currently valued at USD 131.81 on the stock exchange. Union Pacific is also trading firmer (up 4.41 percent). The price of the paper is currently USD 171.81.
These stocks go downhill
The S&P 500’s stock is currently at the bottom of the S&P 500′ share price list. The final straw is Netflix’s securities. Netflix’s stock is currently priced at US322.33 US dollars. This represents a decrease of 11.07 percent compared to the previous day’s closing price. The price for
United Rentals’ paper is also down. Investors currently pay 6.90 percent less for the security than they did at the close of trading last trading day. United Rentals’ stock was last quoted at US122.42 US dollars. Apache also notes lighter with a discount of 4.53 percent. The paper last traded at US23.37 US cents.
Bitcoin has made a massive comeback in recent months. Despite last week’s slump, crypto-bull Anthony Pompliano continues to believe in the potential of the world’s largest digital currency. Bitcoin could soon rise to as high as US 100,000 US dollars.
General interest in crypto industry rises again
Bitcoin has been back in rally mood for some time. Last week, it even climbed back above the USD 13,000 mark. At a short-term high of 13,156.83 US dollars, the world’s largest cryptocurrency by market capitalization was thus more than 250 percent higher than at the beginning of the year. Shortly thereafter, US Federal Reserve Chairman Jerome Powell expressed “serious concerns” about Facebook’s new libra motto, causing the crypto industry to slump on a broad front. In addition to Bitcoin, Ethereum, Ripple and Litecoin also had to cope with double-digit price discounts. At the same time, however, Libra’s announcement has also attracted more attention to the sector and attracted new investors. In particular, Anthony Pompliano, co-founder of the crypto wealth management company Morgan Creek Digital Assets, was particularly enthusiastic about Facebook’s digital wallet, Calibra. “This wallet, I think, will eventually support Bitcoin, Ethereum, tokenized securities and even data.
“I think it’s a really important moment where we’re giving hundreds of millions of people the opportunity to hold cryptocurrencies,”
the American investor said. “Bitcoin will benefit from Libra being an ‘entry drug’ for cryptocurrencies,” Cointelegraph quotes him as saying. In addition to the push by Libra, however, the general interest in cryptocurrencies and the blockchain has also increased again, especially from institutional investors, Yahoo Finance echoes Pompino’s words.
Would you like to invest in cryptocurrencies? Our guides explain how to do it within 15 minutes: » Buy Bitcoin, buy Ripple, buy IOTA, buy Litecoin, Buy Ethereum, Buy Monero.
Pompliano: Bitcoin will rise to 100,000 US dollars
The recent slump in cryptos is not a cause for concern, Pompliano also explained. Such slumps occurred several times a year, sometimes even several times a month, and would not usually have a major impact on the long-term development of the Bitcoin price. “I think the price will rise to 100,000 dollars. But this time there will be more volatility: more parabolic increases like we saw in June and more price declines of 20-30%. In this way, many people will declare that the high has been reached – but they are wrong,” Pompliano, known for his bullish statements, said in an interview with BloxLive.tv. Despite the short-term negative trends, the coin could reach new records in the next few years.
“I think by the end of 2021 we’ll see [Bitcoin] eclipse 100,000 US dollars. The most important thing to remember about bitcoin is that it is a fixed asset, so the economy of supply and demand applies. If there is an increase in demand, you will see how the price increases,”
explained the crypto-bull. First of all, however, the 20,000 US dollar hurdle had to be skipped: “20,000” is a big thing. Bitcoin will reach a new all-time high once it breaks that. I think it’s really going to attract people… but I don’t think we’re going to get from 12,000 dollars, where we are today, to 50,000 dollars or 100,000 dollars. I think it will take 6 to 24 months,” the expert believes. But once the 20,000 US dollar mark is broken, the FOMO effect is likely to provide the rest, according to CryptoMonday. Because people are afraid to miss something and would stock up on cryptocurrencies, which in turn should drive the price further.
The ECB will consider revising its inflation target.
US data better than expected
The EUR/USD is on its way to break the July low of 1.1181, which then shifts the focus to a test of 1.1106.
Image Credit: fxstreet.de
The EUR/USD hit a high of 1.1243, while the dollar weakened broadly, leading to a downward movement at 1.1204 in the middle of the London session. The decline was the result of some headlines from ECB members referring to the inflation target of “below but close to 2.0%”. The dollar’s weakness helped recover to 1.1220 before the U.S. data was released.
U.S. initial applications for unemployment benefits were 216K in the week ending July 12, while the Philadelphia Fed manufacturing index performed better than the 5.0 forecast and the previous result of 0.3 in June. The data gave the greenback a boost. Later, the Fed will be expected to speak to Bostic and Williams.
EUR/USD short-term technical outlook
THE EUR/USD withdrew from the 23.6% retracement from the range of 1.1245 after several attempts failed to overcome the 38.2% retracement. The four-hour chart signals that the bears are on the rise, while the pair fell below the 20-SMA, while the 100-SMA has fallen below the 200-SMA. The technical indicators resumed their downward movement on the above-mentioned chart after approaching their centerlines, which supports a decline below the monthly low of 1.1181.
Sell more stuff to the customers you have, or attract new customers.
Anyone in sales will tell you that it is not easy to constantly prospect for new clients, qualify them, make a compelling presentation, negotiate terms, and bring a new client in the door. It is a process that is filled with the potential for failure all along the way. It is much easier to connect personally with the clients that you already have, and sell them a little more. On a recent trip to the grocery store, I was roaming the aisles like a middle-schooler on a scavenger hunt, when I merged into the wine aisle. Being in very familiar territory, I paused in my quest for low cholesterol, high fiber, sugar free …well you know…. because my highly trained eye for bargains caught the two-for-one wine special. Hmmm. Maybe the low taste, no fat chewing squares might taste better with a glass of vino. As I pondered my choices, I noticed a gentleman who was re-stocking the shelves and looked like he might know something about wines. I casually inquired about my purchase and his eyes lit up, and he eagerly pointed out several wines that might fit my tastes and my budget.
He made suggestions and recommendations that made me WANT to buy more wine. Heck, I even wanted to invite him home for dinner so we could sample them too! I listened intently to his council and HE listened to me too! I came home with six bottles of wine! (got a free wine bag holder and an additional 10% off the entire wine purchase too!) It is not hard to connect with your current customers. You already have a relationship with them and they have already agreed to buy from you once. If you listen to their needs, and recognize the opportunities to sell more stuff, you might be surprised at how your average sale can grow. Maybe it is a tie to go with the shirt purchase, a fuel additive to go with the oil change, or re-visiting the life insurance while you take care of the car insurance…who knows what you might be able to add on. So, driving home with my wine treasures, (having abandoned my search for the healthy dinner option) I decided to visit the fast food drive thru and now I was in a hurry. I was anxious to get home and share this idea with you, (over a glass of wine) when the cashier said something that confirmed my choice of topic for today.
Upon completion of my order, the cashier diligently asked me, “Would you like some fries with that?”
For the record, I declined the fries because they do not have a low fat, low carb, no salt version.
Online trading is exciting and risky at the same time. If you don’t know much about it, you may dive into a deep sea. Here are some guidelines that will help you to be successful in online trading.
Decide whether you are ready for it
Online trading needs active participation from the trader’s side. You have to know about the market, look at forecasts, analytics and decide what to do with your stock. If you are ready to take the challenge and have the time to deal with it, only then you should start doing online trading.
Educate yourself
You should learn everything about investment and the stock market. There are many resources available online that can help you to learn the strategies. Any mistake can be very costly. You should read public information about companies, like their earning reports, research reports, etc. to know more about the long term performance.
Find out suitable trading software
You should consider the type of stock trading software that will be most suitable for you. You should find a site that is easy to navigate and provides lots of advice to the traders.
Make a plan
You should plan your investment and stick to it. If you exceed the amount and later lose it, it will affect you emotionally and financially. You should decide how much you will let the price of your stock decrease before you get out of the trade.
Any type of trade has risks. But if you know what you are doing, the risk can be substantially reduced. It is always wise to have a diversified portfolio so that there is less risk of losing too much money.
