iFX Brokers Blog

If you want to make it big in the crazy foreign exchange market, you need a good set of trading books. Forex trading books are available in huge numbers, whether in hardcover, softcover, or digital version, for active traders in foreign exchange. If you are interested in learning more about the market or want to […]

The South African Reserve Bank (SARB) oversees the management of South Africa’s foreign exchange reserves and plays a crucial role in regulating cross-border transactions. The SARB engages in the foreign exchange market to enhance reserves while maintaining a stable rand exchange rate. Its responsibilities include the management of South Africa’s gold and foreign exchange reserves. […]

There are many potential lucrative opportunities, but there is also an increased risk, associated with the Forex market’s volatility. Understanding the potential dangers of forex trading and developing strategies to mitigate risk in the market is crucial. Different types of hazards are associated with Forex. One feature that most offshore accounts offer is negative balance […]

Everyone from complete market novices to seasoned pros with years of expertise is drawn to the global forex market, the biggest financial market in the world, and the promise of lucrative rewards in this sector. Due to the market’s accessibility (24/7 availability, high leverage, and cheap fees), many novice forex traders rush into the industry, […]

Being one of the world’s most liquid markets is the reason why forex trading is so popular. The average amount transacted in the foreign exchange market each day is $5 trillion USD. Over US$80 billion (about R120 billion) is traded in South Africa every day. To lower the dangers associated with forex trading, South Africa […]

Two of the most common approaches to forex trading are day trading and swing trading. The key distinction between the two is the duration between opening and closing a position. Buying and selling financial instruments inside a single trading day, without holding a position open overnight, is known as day trading. The short-term focus of […]

An analysis-based trading strategy seeks out particular market circumstances and price levels. Predicting market fluctuations using fundamental analysis is possible, but most systems zero in on particular strategic indications. Every trader needs to be aware of the distinctions between “style” and “strategy,” despite the widespread misunderstandings between the two. Trading styles are general plans for […]

Understanding which trading style supports your personal preferences is essential for trading success.  We can categorize four distinct trading styles into short-term and long-term trading approaches. Scalping and day trading are considered forms of short-term trading strategies. It is essential for every trader to identify the trading style that aligns with their individual personality, regardless […]

Negative balance protection (NBP) is a risk management mechanism that safeguards traders from incurring losses exceeding their deposited funds in their trading account. It functions by automatically liquidating a trader’s positions when their account balance attains zero. This safeguards traders from incurring debt to their broker, even amid turbulent market conditions. Negative balance protection (NBP) […]