Thinking of trading USD/ZAR?
- 1. South Africa is rich in sectors that mainly comprise mining, fishing and agriculture. Its historically strong industry has been the mining of diamonds and gold, making South Africa one of the leading processing nations in the world. Due to the potential of this industries, trading USD/ZAR can be a great asset to add to your portfolio. 2. Its tourist industry is also important to the economy, with millions of international visitors arriving every year. South Africa's main trading partners, apart from other African nations, including the USA, Germany, Japan, China, the UK and Spain. This is a growing industry and the fact that the pair is constituted with one of South Africa's most important trade partners, give the pair enough volatility for day traders to take advantage of the USD/ZAR.
Trading CFDs involves significant risk of loss
How would you like to trade USD/ZAR?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade USD to ZAR. Fondex offers CFDs on U.S. Dollar to South African Rand. You can trade more than 20 cryptocurrency pairs and many more instruments take advantage of our tight spreads and unbeatable execution!
1. Traders should keep an eye on the news about political unrest and other social factors such as local unemployment and crime as these are known to have a major impact on the South African economy, the value of the Rand and subsequently on the USD/ZAR. 2. Slowdowns in commodity prices will affect the pair. Also, as any other currency pair dependent on their trade market, if partnered countries such as China show any financial issues it will have an affect on the performance of the pair.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'