Trading currencies to profit from fluctuations in the exchange rate is referred to as forex trading or currency exchange. For a transaction to be initiated, a trader must first select a currency pair and the direction they anticipate the exchange rate to move. The exchange rate between the two currencies varies over time; the trader can either make a profit or a loss and close the trade—more in-depth information about how forex trading works may be found here. Is foreign exchange trading permitted in South Africa? Yes, forex trading is permitted and regulated by the Financial Services and Markets ...Read more
