(Newswire.net — June 02, 2013) Johannesburg, South Africa — The forex market which is also known as the foreign exchange market, is open Monday through Friday, 24 hours a day, with daily volume of almost 1 trillion dollars and is growing rapidly around the world.
South Africa is still an “upper middle-income country”, according to the World Bank, and people in this income bracket are more likely to invest in the markets. This could be one of the reasons why the interest in forex trading is growing even though the South African Rand is sinking like a stone and hit a four year low on Friday May 31st due to huge economic concerns.
Another reason for the growing popularity of forex trading in South Africa is the advent of online trading platforms that have enabled traders to have instant execution of their trades, free live quotes, charts and financial news. The forex market also offers them high liquidity and does not require much risk capital to get started trading.
If you search in Google for Forex Trading In South Africa there are over 4 million results so you can see that there is a lot of interest
South African currency traders can now trade with eToro, the world’s largest social investment trading network, and trade not only forex, but also stocks, indices and commodities including gold, silver and crude oil.
eToro has been operating online since 2008 and has over 2.75 million users around the globe, in over 140 countries. If you search on Google for eToro South Africa you will see 375,000 results.
They make it very easy for South Africans to trade the markets. All traders even have the ability to copy the trades of the best traders on their network and professional traders can join their Guru Trader program and earn money when other traders copy their trades.
eToro Just Announced They Have Hit The 50 Million Trades Landmark!
The CEO and Founder of eToro, Yoni Assia, said he was amazed how fast they have reached the 50 million trades landmark. He believes this confirms that their users crave a simple yet innovative way to access and invest in the financial markets which is best reflected by the readiness to copy the trades of any other user in their network.
For more information about trading on the eToro Social Investing Platform from South Africa please click here: http://www.NewsWiresPressReleases.com/EtoroSouthAfirica
Author: Guy Edrington is an independent journalist and president of New World Trading Ltd.
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Disclaimer: Trading can be very high risk and can result in the loss of all of your investment. Please read the complete disclaimer: http://www.etoro.com/general-risk-disclosure/