Perks Of Doing FX In South Africa While Being Employed

What are the perks of doing forex in South Africa？

5.1 trillion dollars flow through forex on the daily, with that said forex gives you the ability to make massive amounts of profits daily, even though it comes with risks many believe its worth the risk.

It takes money to make money. Is doing forex in South Africa worth it？

Yes it is very much worth it employed and unemployed.

Perks of doing forex

· Forex is open 24 hours 5 days a week.

Which means if you are employed you have plenty of time during the day to make money via foriegn exchange through out the course of the day while working.

· There's High Liquidity

Liquidity is the ability of an asset to be quickly converted into cash.

· Transaction Costs Are Low

The costs of transactions are typically low.

· You Can Use Leverage

Forex brokers often allow traders to buy and sell in the market using significant amounts of leverage, which gives them the ability to trade with higher amounts of money than what is actually in their accounts. If you were to trade at 50:1 leverage, for instance, you could trade $50 for every $1 that was in your account. That means you could control a trade of $50,000 using only $1,000 of capital.

· Profit & losses

When it comes to the amount you can make on forex, the profits are limitless, based on the skill of the trader. But the amount you can lose is only limited to the amount you invest.

Reasons to do forex when you are an employed South African？

1. The prices of everything has increased since 2020 including fuel prices, food prices and electricity prices.

2. The average household pays 4000 per month for groceries.

3. Many jobs in South Africa under pays even though some job requires over working

4. Tax increase.

5. Interest rates increase.

With all that said, forex as an employed person in South Africa will contribute to making your life easier. It can work out well as a second source of income to help you get through the month. Many jobs in South Africa underpay, people end up usually living pay check to check when they do not have another source of income.

A Forex trader in South Africa makes an average salary of R 35 576 per month. Some forex traders in South Africa make at least 50 USD per day. Per month they make around 1 000 USD from a 2 000 USD deposit.

That gives any South African the reason to atleast try forex trading out!