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Trading USD/ZAR: A Beginner's Guide
3:08 · 8 chapters · Forex lessons, part 113
What you'll learn
USD/ZAR moves 1 to 2% on a normal day: here's how to read it, when to trade it and how to size it small.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- How a USD/ZAR quote works and what buying or selling it means
- Key point 2
- The main drivers: risk sentiment, the Fed, the SARB and commodities
- Key point 3
- The most liquid hours in South African time, and when to stay out
- Key point 4
- Pip value in rand for micro, mini and standard lots
- Key point 5
- How to size a trade from your stop and 1% account risk
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.