How forex trading works in south africa
How Forex Trading works Forex trading is basically the act of purchasing and selling currencies in order to make a profit. The prices of multiple currencies is linked in a trade. So, while trading, you’ll be constantly working with two currencies. Trading Forex in South Africa is legal as long as you declare your income tax and you abide by financial laws that prevent money laundering. Using FSCA regulated brokers is not a legal requirement, but other recognized organizations should regulate the brokers used. Learning how forex works in South Africa. Forex, also called the Foreign Exchange market, FX or forex trading, is one of the most liquid currency trading market in the world. With an estimated turnover of $5 trillion traded daily, this proves that Forex is the biggest financial market