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Learning Automated Forex Trading

Automated Forex Trading is ideal for those amongst us who are busy or have other jobs. In theory, you can set up your PC, start the program, then let the software do the trading instead of you. This kind of software can be used by those new to Forex trading as well as the trading veterans out there. It comes in a vast array of different prices to suit different needs and budgets.

The Best Automated Forex providers in SA

markets logo

Markets.com

4.5
Demo account Yes
Minimum deposit $250
Minimum Deposit: $250
Between 74-89% of retail investor accounts lose money when trading CFDs with this broker.
Legacy FX

Legacy FX

4.5
Demo account Yes
Minimum deposit $250
Minimum deposit: $250
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
cm trading Logo

cm trading

4.6
Demo account Yes
Minimum deposit $250
Minimum deposit: $250
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider
plus500

plus500

4.2
Demo account Yes
Minimum deposit $250
Minimum Deposit: $250
Plus500 is a popular CFD trading platform, that is also listed on London Stock Exchange. They are regulated with top-tier regulators including FCA (UK), ASIC (Australia) & CySEC.
FXCC logo

FXCC

4.5
Demo account Yes
Minimum deposit $150
Minimum Deposit: $150
FX Central Clearing Ltd (www.fxcc.com/eu) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 121/10.
Exness

Exness

5
Demo account Yes
Minimum deposit $ 150
Minimum deposit: $ 150
Exness is FSCA & FCA regulated, which are 2 Top Tier regulators, so we consider them to be safe.

Decided on software – how do you begin to learn how to use it?

Once you’ve decided on a software to try, most systems have trial accounts that you can create or a free demonstration period (and then, of course, incentives to buy it!). The marketing incentives sometimes provide additional tools to help with trading, so it may be worth your consideration. Of course, you should be aware that these programs are not infallible. Remember that automated software will not have a 100% guarantee on a certain number of trades that are successful.

Learning Opportunities for Automated Forex Trading

Probably the best method of learning how to use automated Forex trading systems is by watching live free webinars hosted by some of the brokers or software companies. Here, you will be able to see lots of practical tips and be given insights into the world of automated Forex trading. These are suitable for beginners as well as experienced traders who are wanting more depth.

Testing the Forex Trading Software

Some companies share video content of their program working actively in the market and purchasing then selling in currency pairs. If you can see these videos before you buy some software then even better!

Once you have your software you should test it out by running any tutorials of training functions. You should find that most of your questions are already answered. They may also have a support desk that you can contact if you have any difficult questions.

You should ensure that you check out how easy any help links are to navigate. You can sometimes have a free test of the automated trading robots too. It’s definitely best to learn as much as you can in environments that are free from risk, which is why demo accounts are such a good idea!

Automated Forex Trading in South Africa

There are many companies who offer software and training in Forex Trading in South Africa. A quick Google search brings up many useful links. So, are you ready to start learning the automated way yet?