Forex 2022 Market Snapshot with Khwezi Trade – Your Trusted Trading Provider – The Bharat
The forex market in South Africa is bigger than ever, with new traders emerging daily as they try their hand at speculating on the price movements of major, minor and exotic currencies in the largest and most important market. liquid among several other major markets in the world.
Expectations of the Forex market in 2022
The forex market has seen roller coaster ups and downs over the past two years with the emergence and spread of Covid-19 around the world.
In addition, the impacts that followed were also driving factors in an already volatile market space, where retail traders kept their hands firmly on safe-haven assets to diversify their portfolios and protect their capital.
For 2022, analysts predict that the forex market is expected to be driven by two major factors, namely inflation and (not surprisingly), Covid-19.
These factors should guide the monetary policy decisions of central banks around the world.
This has to do with the fact that the forex market constantly evaluates inflation data to provide clues as to when central banks are ready to raise or lower interest rates.
This is because high interest will boost a currency while lower interest rates will cause a currency to depreciate.
Forex Trading and the Law in South Africa in 2022
South Africa has one of the best and most reputable market regulators that oversees all currency trading, the Financial Sector Conduct Authority (FSCA).
The FSCA is in the process of deploying a new license, the Over-the-Counter (OTC) license for derivatives suppliers
With this new regulatory framework, the FSCA can reduce the risk faced by retail and institutional forex traders in South Africa, effectively creating a safe environment for market participants, subsequently ensuring that South Africa is aligned with the G20 requirements in terms of regulating the OTC derivatives market.
Khwezi Trade – The best trading partner in 2022
South Africa has a vibrant forex trading scene and traders should remember that while countless forex brokers offer traders the sun, moon, and stars, trading with a trusted and well-regulated forex broker can help. or undo a trader’s trading career, even before it begins.
One of the factors that all forex traders should confirm when reviewing brokers is regulation and Khwezi trade is one of the first non-bank financial entities to ever obtain an OTC license from FSCA in South Africa, making it one of the most secure brokers ensuring a client-centric approach.
Other reasons why Khwezi Trade stands out as the best trading partner for forex traders in South Africa in 2022 are as follows:
- There is no minimum deposit requirement when traders register a real account. Traders have the freedom to deposit funds once they are ready.
- Traders have unlimited access to a demo account which can be used as a practice account for beginners and a risk-free environment for experienced traders, allowing them to test their trading strategies.
- A safe, fair and transparent trading environment where traders know their clients’ funds are safe and that they are receiving the best possible trading and non-trading prices.