Will the rand gain or depreciate by end of November....

What do you think ,,which currency must we keep to make a little profit

Well-nigh impossible to predict.
Moody's rating expected to be announced soon.
That's the reason not to buy forex now.
Wait until November.

Look at the last 5 years decrease year on year not good for investment but great for a bug-out bag

Rather target a good hedge fund to negate fluctuation. Returns might not be overwhelmingly great, but you won't make a net loss.

On 2017-08-11 19:26:41 JDOG81 said:
Look at the last 5 years decrease year on year not good for investment but great for a bug-out bag

Actually past ten years, sell peaks buy the troughs, I have had an extra R100000 doing this the past 4 years on very little actual cash..but The trend is continuously down.. have a funny feeling most SA's will be using a non government denominated crypto currrency within the next 5 years, untraceable and containing actual value..

Look at www.xe.com/currencyconverter/ That will give you an indication over a period of time

The Rand is cheap and you can get a good return on interest rates, If you trade online use a low leverage so you get wrong you have enough room move and also the government fundamentals, Rand is due a for correction against the dollar as it is over stretched

Forex investors are looking to the buy the Rand for the above reasons they have hundreds of thousands or even millions of dollar with that their returns on interest are huge, yes the political climate is not the greatest, but we a solid banking system and the general environment is still good place invest

The above is all focused on the Rand, international climate does change which is unforeseen that's why you use a low leverage.

Anyone really making money with forex trading for realzies?

Is it the same as Binary trading?

How much does one start with and where can one learn for real?

Plenty of clickbait adverts promising forex trading systems but my rule is to avoid if it sounds too good to be true.

You can money but it take years to learn trading Forex, and no do not believe the hyper around clickbait saying you can make shit load of money in few hours

Start with a practice account like Etoro (www.etoro.com) what's nice about Etoro is user friendly and not complicated, do it for 6 months then decide if want use a real money, also do not let Etoro force you into deposit money early stick the 6 months.


I learned the hard way and loss +/-R20 000 over couple of years, but now I know how the market works and just now making profit

Below is site that will get you started in understanding how Forex works

www.babypips.com/learn

Note: it very stressful especially when you are losing money