Effective Forex Trading Strategies for South Africans
Edited By
Ethan Clarke
Getting Started
Forex trading is no cakewalk, especially when you're navigating the ups and downs of a market influenced by global shifts and local economic factors. For South African traders, it's not just about picking the right currency pairs but also understanding the nuances that can make or break your trades in this specific environment.
This article zeroes in on practical forex trading strategies crafted with South African traders in mind. We’ll cover everything from the basics of fundamental and technical analysis to managing risks effectively. Plus, we'll talk about how important it is to stay flexible and tweak your approach as market conditions change.
Whether you're a trader new to the forex scene or someone with a few trades under your belt looking to sharpen your edge, this guide offers clear, actionable tips designed to improve your decision-making and help you stay ahead. No fluff, just real-world advice you can use today.
Trading forex in South Africa comes with its own set of quirks—economic data releases, currency volatility, and local regulations all play a role. Getting a handle on these can turn the tables in your favor.
Let’s dive in and explore how to build strategies that work well here, so you can trade smarter, not harder.
Understanding the Basics of Forex Trading
Grasping the basics of forex trading is the very foundation every trader in South Africa should build upon. Without a solid understanding, even the smartest strategies can fall flat. Knowing how the forex market works, recognising the key currency pairs, and getting comfortable with common lingo will help you avoid costly mistakes and trade with more confidence.
For instance, imagine jumping into the markets without knowing the difference between a “pip” and a “lot” — it’s like trying to navigate Joburg’s streets without a map. You need the right tools and knowledge to stay ahead in this fast-moving game.
How the Forex Market Works
The forex market is a global marketplace where currencies are bought and sold, and it operates 24 hours a day, five days a week. Unlike the Johannesburg Stock Exchange, the forex market doesn’t have a central physical location; trades happen electronically over networks connecting banks, brokers, and traders worldwide.
In practical terms, for South African traders, this means you can trade currencies like the South African Rand (ZAR) against the US Dollar (USD) or Euro (EUR) even outside local business hours. Price movements are influenced by various factors like interest rates, economic data releases, and geopolitical events—think of when the South African Reserve Bank adjusts interest rates, causing immediate ripples in the ZAR pairs.
Getting familiar with market hours and understanding what drives currency moves can save you from entering trades blindly.
Key Currency Pairs and Their Characteristics
Currency pairs are the foundation of forex trading. Major pairs include the USD/ZAR, EUR/USD, GBP/USD, and USD/JPY. Each pair behaves differently, reflecting the economic stability and monetary policies of the countries involved.
For example, USD/ZAR is known for its volatility and wider spreads compared to the EUR/USD, which is generally more stable and liquid. This means that while USD/ZAR can offer bigger profit opportunities, it also comes with higher risk and requires sharper risk management from traders.
Here’s a quick peek at some pairs popular among South African traders:
USD/ZAR: Highly influenced by South African economic news, mining sector reports, and political stability.
EUR/USD: Most traded pair worldwide, considered less volatile, good for beginners.
GBP/USD: Can be choppy around Brexit news or UK economic releases.
Understanding these differences will help you decide where to focus your trading efforts.
Common Forex Trading Terms Defined
Every trader has their own set of terms that make the conversation smoother but can confuse newcomers. Let’s break down a few essentials:
Pip: The smallest price move a currency pair can make. For most pairs, one pip is 0.0001.
Lot: The standard unit size of a forex trade. Usually, 1 lot equals 100,000 units of the base currency.
Spread: The difference between the buying (bid) and selling (ask) price. For USD/ZAR, this might be wider compared to EUR/USD.
Leverage: Borrowing power your broker offers. While it can amplify profits, it also magnifies losses—beware of over-leveraging.
By mastering these terms, you’ll navigate trading platforms with ease and interpret market updates more effectively.
Getting a solid grip on these building blocks prepares South African traders for the more complex strategies ahead. Knowledge truly is power in the world of forex, and the basics will steer you clear from rookie blunders.
Different Types of Forex Trading Strategies
Navigating the forex market without a clear strategy is like setting off on a road trip without a map. Different types of forex trading strategies allow traders, particularly South Africans, to adapt to market movements efficiently, manage risk, and exploit opportunities aligned with their trading style and preferences. Whether you’re a cautious trader or one who thrives on quick decisions, understanding these various approaches helps you make informed choices and potentially improve your trading outcomes.
Trend-Following Strategies
Trend-following is one of the most straightforward and widely used strategies in forex trading. It involves identifying and trading in the direction of the prevailing market trend, whether up or down. For example, if the South African rand (ZAR) shows consistent strength against the US dollar (USD) over days or weeks, traders using trend-following will often enter long positions to ride the momentum.
This strategy thrives on the idea that "the trend is your friend," capitalizing on sustained price movements instead of fighting them. Popular tools for identifying trends include moving averages like the 50-day or 200-day moving average. However, it's important to remember that trends can change direction suddenly, so this approach often requires discipline to set stop-loss orders and avoid significant reversals.
Range Trading Approaches
Range trading fits well when currencies are moving sideways, oscillating between support and resistance levels without establishing a clear trend. In these markets, the price bounces back and forth within a defined range, giving traders opportunities to buy low at support and sell high at resistance.
For instance, if the EUR/ZAR pair oscillates between 17.5 and 18.0 for several days, a range trader would look to enter buy orders near 17.5 and sell near 18.0, possibly repeating the process multiple times. This method requires patience, as entering trades too early or late can lead to losses when breakouts occur. Using oscillators like the Relative Strength Index (RSI) can help identify overbought or oversold conditions in a range-bound market.
Breakout Trading Techniques
Breakout strategies focus on capitalizing on sudden price moves beyond established support or resistance. When price breaks through these key levels, it often signals increased volatility and the start of a new trend unit.
For example, if the USD/ZAR currency pair breaks above a strong resistance level at 18.50, breakout traders might enter long positions expecting a sharp upward move. The challenge here is to confirm that the breakout is genuine and avoid false breakouts, which can trick traders into losses. Volume indicators and waiting for daily candle closes beyond the breakout level help reduce this risk.
Scalping Methods for Quick Trades
Scalping is a fast-paced strategy where traders aim to profit from very small price movements, often held for just seconds or minutes. This style demands focus, quick decision-making, and a reliable trading platform capable of executing rapid orders.
South African traders might scalp during high liquidity times, such as when both Johannesburg and London markets overlap, to maximize opportunities. For example, a trader may execute multiple buy and sell trades on USD/ZAR within minutes, aiming for a few pips each time. Scalping requires strict risk controls because the frequent trading can quickly blow up accounts if not managed carefully.
Selecting the right trading strategy depends on your personality, goals, and how much time you can dedicate to monitoring the markets. Mixing and matching these approaches can sometimes work, but understanding each thoroughly before committing capital is key.
Using Technical Analysis to Inform Trades
Technical analysis plays a big role for forex traders in South Africa, helping them make informed decisions based on price action and market data rather than just gut feeling. By studying charts and indicators, traders can spot trends, reversals, and potential entry or exit points, which is key in a market that moves quickly and unpredictably.
One of the advantages of technical analysis is it doesn’t rely on external news or economic reports, which can sometimes be missed in fast markets. Instead, it uses historical price data to predict future movements. This approach is especially helpful for those who prefer a more hands-on or chart-focused trading style.
Chart Patterns to Watch For
Chart patterns are visual formations created by price movements that hint at what might happen next. For example, the head and shoulders pattern often signals a reversal, indicating a shift from an uptrend to a downtrend or vice versa. Spotting this early can save a trader from entering a losing trade.
Another key pattern is the double bottom or double top, which signals potential trend reversals as well. For instance, if the USD/ZAR pair forms a double bottom on the daily chart, it might suggest the currency is preparing for a rally after hitting support twice.
Traders should also keep an eye on triangles, which typically indicate consolidation before a breakout. Recognising whether the breakout will be upward or downward can offer great trading opportunities.
Applying Popular Indicators like Moving Averages
Moving averages smooth out price data to help identify trends over time. The two widely used types are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). The SMA gives equal weight to all data points, while the EMA puts more emphasis on recent prices.
For example, many traders monitor the 50-day and 200-day moving averages; when the 50-day crosses above the 200-day, it's called a "golden cross," a sign that prices might continue to rise. Conversely, a "death cross" occurs when the 50-day drops below the 200-day, suggesting downward momentum.
Using moving averages also helps with defining dynamic support and resistance levels. South African traders often combine these with other tools to pinpoint trade entries and exits more accurately.
Oscillators and Momentum Tools
Oscillators like the Relative Strength Index (RSI) and Stochastic Oscillator help traders understand if a currency pair is overbought or oversold. For instance, an RSI above 70 could indicate the USD/ZAR is overbought and may soon pull back.
Momentum indicators measure the speed of price changes, giving clues about the strength of a trend. The Moving Average Convergence Divergence (MACD) is a go-to tool here, showing the relationship between two moving averages. When the MACD line crosses above the signal line, it's often a buy signal; crossing below, a sell signal.
It’s important for traders not to rely on these indicators alone but to combine them with other technical tools and their overall trading strategy. Practical use includes confirming signals from chart patterns or moving averages before making a trade.
Technical analysis is like having a weather forecast for the markets—not always 100% accurate, but it significantly ups your odds when planning your trades.
In summary, mastering technical analysis tools and chart patterns helps South African traders interpret market data effectively, spot high-probability trade setups, and avoid costly mistakes. Putting theory into practice through demo accounts or small, controlled trades can build the confidence needed to apply these strategies in live markets.
Incorporating Fundamental Analysis
Understanding the bigger picture behind currency price movements is crucial for anyone trading forex, especially within the South African context. Fundamental analysis serves as that lens, focusing on economic, political, and social factors influencing currency values over time. Unlike purely technical strategies that look at historical price data, fundamental analysis helps traders anticipate shifts created by real-world events that charts alone might not reveal.
For South African traders, familiarizing oneself with these aspects can mean the difference between riding a profitable trend or entering a losing position blindfolded. This approach digs deep into economic health, policy decisions, and risks that can shake the rand and other major currencies.
Impact of Economic Indicators on Currency Moves
Economic indicators act like the economic weather reports; they give traders a forecast of the market’s temperature. Think of indicators such as GDP growth rates, unemployment figures, inflation rates, and manufacturing outputs — each one sends signals that can joggle currency strength or frailty.
For instance, if South Africa’s statistics bureau releases stronger-than-expected GDP figures, one might see the rand appreciate as investors gain confidence in the country's economic prospects. On the flip side, high inflation numbers could scare traders, making the rand lose value as buying power diminishes.
Many traders keep a sharp eye on monthly indicators like the Consumer Price Index (CPI) and employment data from Stats SA because these indicators often move the market in a noticeable way. Being ahead on these reports, or even understanding their typical impact, helps traders plan smarter rather than casting trades in the dark.
Monitoring Interest Rate Decisions
The South African Reserve Bank (SARB) plays a starring role in forex through its control of interest rates. When SARB adjusts the repo rate, it’s not fiddling with numbers for fun—the decision reflects attempts to cool inflation or stimulate growth. These moves have an immediate effect on the rand’s value.
Higher interest rates usually attract forex investors chasing better yields, hence pushing the rand higher relative to other currencies. Conversely, rate cuts can weaken the rand. For traders, keeping tabs on SARB's statements, minutes from monetary policy meetings, and economic outlooks is key to understanding such shifts.
Consider the 2023 period when SARB raised rates to tame rising inflation. Traders who anticipated this movement positioned themselves accordingly, gaining from rand appreciation. Thus, integrating regular updates from SARB into your trading strategy is not just advisable but necessary.
Geopolitical Events and Their Influence
Geopolitical developments may sound like distant news stories, but their effects ripple swiftly through financial markets. South African traders should watch global events like trade negotiations, sanctions, or regional conflicts that affect commodity prices and investor sentiment.
For example, South Africa’s economy is significantly tied to commodity exports like gold and platinum. A political dispute in a major trading partner or shifts in trade policy can alter demand, subsequently impacting the rand. Similarly, domestic political stability—or the lack of it—can cause alarming spikes or drops in currency price.
Stay alert: even small news can cause big moves in the forex market, especially when it touches on South Africa’s economic links or political environment.
Incorporating fundamental analysis isn’t about guessing the future but about shaping strategies with informed insight. By tracking economic reports, rate decisions, and geopolitical events, South African forex traders can navigate the market with a steadier hand, making their trades more calculated and less of a gamble.
Risk Management Techniques for Forex Trading
Risk management is the backbone of long-term success in forex trading, especially for South African traders navigating a volatile market. Without it, even the best strategies can crumble swiftly. It involves techniques designed to limit losses and protect trading capital, ensuring your account survives bad days and comes out ahead over time. Simple tools like stop-loss orders and position sizing can make a world of difference when markets take unexpected turns.
Protecting your capital isn't just about avoiding losses—it's about managing them smartly so you can bounce back stronger.
Setting Stop-Loss and Take-Profit Levels
One of the first lines of defense for any trader is setting stop-loss and take-profit orders. These are automatic instructions to close a trade at a certain price level, limiting losses or securing gains without having to watch the screen all day. For example, a trader buying USD/ZAR at 15.20 might place a stop-loss at 15.00 to cap potential losses if the market moves against them. Conversely, they could set a take-profit at 15.50, ensuring profits are locked in before a possible reversal.
Choosing the right levels isn’t a guesswork game. It should be based on a combination of factors, including volatility of the currency pair, recent support and resistance levels, and your risk tolerance. For local traders, unexpected events like changes in South Africa's Reserve Bank policy can cause sharp price swings, so allowing for some wiggle room in stops can avoid premature exits.
Position Sizing Based on Account Balance
Position sizing is about deciding how much to trade on a single position relative to your total capital. This ensures no single trade threatens your entire account. For instance, if you have R10,000 in your trading account and decide to risk only 2% per trade, that means a maximum of R200 is at stake on any one position.
Calculating this involves knowing your stop-loss distance in pips and converting that into a monetary risk figure. For example, if the stop-loss is 50 pips away and each pip equals R4, you would risk R200 (50 pips x R4), matching your 2% risk level. Adjusting position size this way keeps losses manageable, helping you endure losing streaks without wiping out your account.
Diversifying Trades to Minimise Losses
Putting all your eggs in one basket rarely works in trading. Diversification means spreading trades across different currency pairs or strategies to reduce risk. If the South African rand suddenly weakens due to political unrest, having trades in other major currencies like EUR/USD or GBP/USD can cushion the impact.
It’s not just about random spreading—diversify with purpose. Look for pairs with low correlation, meaning they don’t move in sync. Also consider different time frames or methods such as combining scalping with swing trading to balance quick wins and longer holds. This mix helps smooth out your overall trading performance against sudden market shocks.
Risk management isn’t a one-time setup; it’s a continuous process of fine-tuning and watching your trades. By mastering stop-loss and take-profit placements, carefully sizing positions, and diversifying thoughtfully, South African traders can protect their hard-earned money and increase their chances of steady gains.
Choosing the Right Trading Style for You
Selecting a trading style that fits your personality, time availability, and market understanding is a foundational step in becoming a successful forex trader. In South Africa, where the forex market is vibrant yet competitive, picking the wrong style can lead to frustration and losses. Different trading styles require distinct mindsets and time commitments, so it’s essential to get this right early on. For example, a trader juggling a full-time job might not sustain the intense watchfulness needed for day trading but might thrive with swing trading.
Day Trading versus Swing Trading
Day trading involves opening and closing trades within the same day, often several times, capitalizing on small price movements. This style demands a significant time investment during market hours, sharp focus, and quick decision-making skills. South African traders might find brokers like IG or Plus500 helpful as their platforms support efficient execution and access to real-time data.
On the other hand, swing trading looks for bigger moves over days or weeks. It requires patience but less screen time, relying on technical indicators or fundamental triggers to enter trades. Swing trading suits those who prefer analyzing charts and market news after work hours without the pressure of constant monitoring. For instance, a swing trader might spot the South African rand gaining strength against the dollar ahead of key economic reports and hold positions accordingly.
Both styles have their pros and cons. Day trading can offer swift profits but at higher stress levels and transaction costs, whereas swing trading offers a more relaxed approach but with exposure to overnight risks.
Position Trading and Long-Term Approaches
Position trading is about holding trades for weeks, months, or sometimes even years, based on long-term trends. This style suits traders who have a strong grasp of economic fundamentals and a high tolerance for market swings. For example, a position trader might invest in USD/ZAR expecting the dollar to strengthen due to persistent interest rate hikes in the US.
Long-term traders typically avoid getting caught up in daily volatility, focusing instead on major trends and geopolitical events. This reduces the need for frequent adjustments while requiring a comprehensive understanding of macroeconomic factors.
Choosing between position trading and shorter-term styles depends on your goals and lifestyle. If you prefer letting your research do the talking without daily interference, this might work for you. However, it requires capital patience and discipline to withstand prolonged dips or corrections.
Finding your trading style isn’t just about preferences – it’s about aligning your approach with your financial goals, time you can dedicate, and how you handle stress during trades.
By understanding the differences between day trading, swing trading, and position trading, South African traders can better tailor their strategies to local market conditions and personal lifestyles, enhancing their chances of consistent success.
Tools and Resources to Support Forex Trading
Having the right tools and resources at your fingertips can make a world of difference in forex trading, especially for South African traders looking to navigate local and global markets effectively. From picking a reliable trading platform to staying on top of shifting economic conditions, these supports are the backbone of smooth and informed trading.
Trading Platforms Popular in South Africa
Choosing the right trading platform isn’t just about flashy interfaces or cool features; it’s about what fits your style and needs. South African traders often lean towards platforms that offer strong regulatory oversight, local account funding options, and easy access to major currency pairs. Platforms like IG Markets and FXTM are well-regarded because they’re licensed by the Financial Sector Conduct Authority (FSCA), ensuring compliance with local law. Plus, they support ZAR deposits which cut down on conversion fees and delays.
Another popular choice is MetaTrader 4 (MT4) and its newer sibling MetaTrader 5, which many South African brokers integrate due to its user-friendly charts and extensive toolset for technical analysis. If you want a no-nonsense approach, ThinkMarkets also combines solid regulation with fast trade execution, which traders appreciate during volatile times.
Utilising Economic Calendars and Newsfeeds
Forex markets don't move in a vacuum; they're highly sensitive to economic news and data releases. Using an economic calendar lets traders anticipate when major reports, like South Africa's GDP figures or interest rate announcements from the Reserve Bank, are due. These calendars mark events like unemployment rates, inflation data, and central bank meetings—all important for gauging currency direction.
Coupling economic calendars with reliable newsfeeds lets you catch breaking news that might suddenly shift markets. Services such as Reuters and Bloomberg provide up-to-the-minute information that can affect currency movements globally and locally. For instance, news about unexpected election results or significant shifts in commodity prices (like gold, which strongly influences the ZAR) can be crucial for planning trades or adjusting stop-loss orders.
Staying ahead requires more than guesswork; timely and accurate information is your edge.
Helpful Mobile Apps and Alerts
In today’s fast-paced market, being glued to your desk isn’t realistic. Mobile apps give you the freedom to monitor your trades and the broader market right from your phone or tablet. Brokers like HotForex and Exness offer mobile versions of their platforms with robust features such as live quotes, portfolio tracking, and technical indicators.
Beyond just trading apps, alerts can be a game-changer. Setting up price alerts or economic event notifications via apps like Investing.com or Forex Factory ensures you don’t miss critical market moves. For example, if the USD/ZAR pair hits a key support level or breaks through resistance, an instant alert lets you react swiftly.
Some apps even provide educational content or trading signals tailored for South African traders, helping novices to sharpen their skills while seasoned traders can confirm their analysis with another viewpoint.
The right combination of platforms, calendars, newsfeeds, and mobile apps creates a toolbox that supports better decision-making and more effective trades in the forex market. For South African traders, this means fewer surprises, better timing, and more confidence navigating the twists of forex trading.
Common Mistakes to Avoid in Forex Trading
Understanding the common pitfalls in forex trading can be a real lifesaver for South African traders. The forex market is fast-moving and complex, and even a small slip-up can wipe out your gains or balloon your losses. By watching out for these frequent mistakes, you can protect your capital and improve your chances of success. Let's break down some of these errors and what you can do instead.
Overtrading and Emotional Decisions
Overtrading is like trying to catch every fish in a big river — but ending up with empty hands because you spread yourself too thin. This usually happens when traders jump into trades based on feelings rather than solid analysis, often after a losing streak or when they're chasing quick profits. For example, a trader might keep opening new positions after a loss, hoping to bounce back quickly, but this often leads to even bigger losses. Emotional trading can cloud judgment and make you overlook your original strategy.
To avoid this, it's smart to set a daily or weekly limit on the number of trades and stick to your plan. If you feel frustrated or overly excited, take a breather. Remember, consistency beats chasing adrenaline. Keep a trading journal to track your decisions and feelings, which helps highlight when emotions are driving trades.
Ignoring Risk Management Rules
Ignoring risk management is like playing with fire — eventually, you get burned. Forex trading always carries risk, but the key is to control how much you're willing to lose on any single trade. South African traders might be tempted to go all-in on a promising currency pair, but without setting stop-loss orders or calculating proper position sizes, one bad move could wipe out a big part of their account.
Good risk management means defining your stop losses, aiming for a sensible risk-to-reward ratio (such as risking R100 to make R200), and never risking more than a small percentage of your total capital on a single trade. Tools like MetaTrader 4 or 5 allow you to set these orders easily, ensuring you don't miss them during volatile moves.
Not Adapting to Market Changes
Markets are like weather — unpredictable and always changing. Sticking rigidly to one strategy without adjusting to fresh economic data or geopolitical events can backfire quickly. For instance, during the recent South African Reserve Bank decisions, markets shifted sharply. Traders who didn’t adapt saw their positions turn sour.
A practical approach is to stay updated with reliable sources like Reuters or Bloomberg for news and use an economic calendar to track key events from the US, Europe, and South Africa. This way, you can tweak your strategies or even step back during uncertain times. Flexibility is key; being shackled to one rigid approach rarely pays off.
Tackling these common mistakes head-on can save your trading account from needless losses and stress. Staying disciplined, managing risk smartly, and keeping an eye on the market pulse will put you way ahead of most traders.
Remember, trading isn't about hitting home runs every time but consistently making smart moves over the long haul.
Developing a Personal Trading Plan
Creating a personal trading plan is one of the bedrocks of successful forex trading, especially for South African traders who face unique market and economic conditions. Without a clear blueprint to guide your trades and manage risks, you’re essentially sailing blind in a sea of fluctuating currency pairs like the ZAR/USD or EUR/ZAR. A well-crafted plan helps traders stay disciplined and consistent, two qualities that separate winners from those who burn their accounts quickly.
Setting Realistic Goals and Expectations
The first step in building your plan is figuring out what you want to realistically achieve. Are you aiming for a steady side income or trying to build long-term wealth? That distinction matters. For example, expecting to double your trading account in a month is usually setting yourself up for disappointment and possibly reckless decisions. Instead, focus on achievable targets like a consistent 5% return per month. This approach helps keep emotional highs and lows in check.
Realistic goals also mean acknowledging your personal time constraints and risk tolerance. If you’re juggling a full-time job in Johannesburg’s bustling financial district, perhaps a swing trading approach suits you better than being glued to the screen for day trading. Clear goals act as a roadmap so you can check if your trading path aligns with what you want—and adjust accordingly.
Recording and Reviewing Trades Regularly
A detailed trading journal is more than just a log; it’s your personal analyst. Every trade should be recorded with specifics: entry and exit points, the reasoning behind the trade, market conditions, and the outcome. For example, if you noticed the ZAR weakened after a surprise GDP report, noting this in your journal helps you understand cause and effect over time.
Reviewing your trades on a weekly or monthly basis shines a light on what’s working and what’s not. It can reveal patterns like consistently holding losing trades too long or missing exit points. Many professional traders in South Africa use platforms like MetaTrader 4 or TradingView, which support exporting trade data to help with analysis. This habit forces you to step back, avoid knee-jerk reactions, and improve your strategy steadily.
Adjusting Strategies Based on Performance
Forex markets don’t stay the same forever, and neither should your trading methods. An essential part of your plan is flexibility. If your strategy was profitable during a high-volatility phase but suffers in calmer conditions, you need to tweak it. Adjusting doesn’t mean throwing your entire approach out the window but rather refining it based on real results.
For instance, if your breakout trading tactics work well during major releases like SARB interest rate announcements but falter on regular days, focus your trading activity around those events. Likewise, if you record consistent losses on certain currency pairs, reconsider your focus.
Successful traders are like gardeners—they tend to their strategies continuously, pruning and nurturing them to fit changing market seasons.
In summary, developing a personal trading plan isn’t about rigid rules; it’s about having a structured, accountable way to approach forex trading. It steers you clear of guessing games and emotional decisions, improves your discipline, and ultimately gives you a better shot at navigating the unpredictable South African and global forex markets with confidence.