FAQ

Initiate a trade by selecting ‘Buy’ or ‘Sell’ and then confirm by clicking ‘Invest.’
Your trading position will be established instantly.

To exit a trade, navigate to the ‘Close’ option within the trading platform and select it. Your trading position will be concluded immediately.

Forex trading, also known as foreign exchange trading, represents buying and selling of currencies to profit from variations in exchange rates. It’s the world’s largest decentralized financial market, operating round-the-clock from Monday to Friday.

To start forex trading with AfriMarkets, follow these steps: 

1.Navigate to https://afrimarkets.co.za/forex/

2.Create your trading account by submitting the necessary personal details.

3.Complete the verification process as directed via email or alternative methods.

4.Fund your account through your chosen payment method.

5.Select the currency pair you wish to trade and commence your trading activities.

While a foundational understanding of financial markets can be beneficial, it is not mandatory. AfriMarkets provides a range of educational tools and a streamlined trading platform to equip you with the fundamentals of forex trading. Nonetheless, acquiring knowledge in risk management and strategic planning is crucial to trading effectively.

No, forex trading can be initiated with a modest investment. Keep in mind that forex trading involves significant risk, and it’s imperative to invest only within your financial means. For experienced traders, leveraging margin accounts may amplify purchasing power. acquiring knowledge in risk management and strategic planning is crucial to trading effectively.

In forex trading, a pip refers to the smallest price move that a given exchange rate can make based on market convention. It’s typically measured to the fourth decimal point in a currency quote.

A lot represents a standardized quantity of the base currency in a currency pair transaction. Standard lots typically equate to 100,000 units of the base currency.

Leverage in forex trading is a tool that enables traders to amplify their market exposure beyond their initial investment. However, while leverage can magnify gains, it can proportionally increase potential losses.

Risk can be managed by implementing stop-loss and take-profit orders, practicing portfolio diversification, and ensuring that you only commit capital that you are prepared to lose.

Technical analysis is the methodology of forecasting future price movements based on an examination of past market data, primarily price and volume.

The forex market welcomes traders 24 hours a day during the business week, although specific trading times can vary based on the currency pair and brokerage service.

A margin call is a broker’s demand on an investor using margin to deposit additional money or securities so that the margin account is brought up to the minimum maintenance margin.

The spread in forex trading is the gap between the bid (sell) price and the ask (buy) price of a currency pair, serving as a cost metric for each trade executed.