Is trading forex risky?

All trading has an element of risk involved and it's the same for forex trading. It's important to understand  and utilise risk and money management to reduce risk. However it's important to know that you can lose your capital and ensure that you trade with money you can afford to lose.

What are the tax implications?

All profits which are earned and paid out to your directly into your bank account will be taxable. Ensure that you get advice from an accountant or tax practitioner as GFS does not provide and is not accredited to provide such advice.

How are profits made on the forex market?

Profits are made when one currency is traded for another by either buying or selling. When the value of the currency which you traded increases, its exchanged for the original currency and the difference in value is the profit which you earn.

Can anyone trade forex?

With the invention of the internet  brokers are able to provide the normal man on the street with a trading platform to trade on and have direct access the forex market. You don't need a special license to trade on the forex market.

Which broker does GFS use?

GFS uses CM Trading as their only and preferred broker. They are licensed witht he FSB and their head office is Sandton Johannesburg.

What is the difference between Forex and Stock trading?

Stock markets require a centralised exchange and your broker needs to be in close proximity to the exchange for you to trade. With forex there is no exchange thus you can trade from anywhere in the world.

Is Global FX FSB certified?

Global FX is a registered business in South Africa that provides education and training, trading systems and market outlooks to clients. Our product and service solutions are in no way recommendations or advice to trade and thus we are not required to be registered with any financial regulator.

What is the minimum amount to open an account?

Forex trading does not require hundreds of thousands or millions of dollars to start trading. The minimum amount to open an account is R25,000.00