USD TO ZAR or USD/ZAR – These are two currency codes when compared or exchanged against each other, the (USD) is the United States of America currency code and the (ZAR) is the South African Rand currency ISO code. With this instance you may notice that the (USD) is compared or exchanged against the (ZAR). Take note not to confuse the USD/ZAR with the ZAR/USD, this comparison are totally different to each other.
The South African Rand is the currency used in South Africa and it’s popular used code is a Zar, the value of a Rand has been fluctuating and was once equal to the Dollar in the year 1982, 1 USD was equal to 1 Rand, the Rand continued to have strength until South Africa was sanctioned due to apartheid, the Rand strength dropped until today, 2018 where it is trading at 1 USD = 13.12 Rand
WHAT IS TODAY’S EXCHANGE RATE FOR USD TO ZAR?
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|LIST OF MAJOR CURRENCIES|
|USD ( USD )|
|SWISS FRANC ( CHF )|
|CANADIAN DOLLAR ( CAD)|
|POUND STERLING ( GBP )|
|Cape Verde Escudo|
|Costa Rican Colon|
|East Caribbean Dollar|
|Hong Kong Dollar|
|New Zealand Dollar|
|South African Rand|
SOUTH AFRICAN RAND VERSUS THE UNITED STATES OF AMERICA DOLLAR
Lets suppose the USD/ZAR – i.e 1 USD is equal to 14.11 ZAR, meaning you may buy or exchange 14.11 ZAR using only a single USD. However this statement opposes or contradicts to this one:
The ZAR/USD – 1 ZAR is equal to 0.08, meaning you can’t buy or exchange USD with a single ZAR; you would need about 14.11 ZAR to acquire a single US dollar or 14.03 added to the 0.08 ZAR.
In the Foreign Exchange Market the first currency rate on the left hand side is called the Base currency and the second one on the right side is called the Quote currency.
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therefore do not accept any liability for loss or damage that might occur just by using our website or by referring you to the relevant professional companies, users might be fully informed regarding risk that is associated with any decision they make, whether in trading, on charts, data, or information that we provide.
Is FOREX trading legit
Many people inquire whether Forex Trading is legit or illegitimate and also they usually inquire whether is there honesty in the market or it is just another scam trying to rob them their hard earned money.
Forex Demo Account
The Forex demo account is the practice account made for all traders. We at Usdtozar.com would love to encourage all new traders to use a Forex demo account before they can participates using a real Forex account with real money.
Forex Real Account
FOREX Real Account is the live trading account whereby participants use real money to trade as opposed to the FOREX demo account. It is highly possible for traders to accrue profit while trading on the real account and also they may lose during this process.
Forex Robots are computer programmed devices to help traders Increase their profit capabilities. It is anticipated that people who trade using Forex Robots are more successful than people who trade using their own logic.
How to trade using MT4?
The Meta trader app was developed as (Meta trade 4 or MT 4) and later was upgraded to (Meta Trader 5 or MT 5, however there were different versions of Meta Traders that was developed.
FOREX Trading Signals
Trading signals are the trading alerts and they provide traders with real-time buy and sell trading alerts and also “when and where” to enter the market with entry point, stop and take profit targets.
Forex quotes are live currency prices that Forex traders can use to compare the value of countries’ currencies. The reason for using Forex quotes is to get more insight of how much is the ( Bit – Purchase Price)or ( Ask – Selling price ) to make a concrete decision.
Forex Africa currently known as USDTOZAR.COM provides all Forex Market or (Foreign Exchange Market) products available to all individual who would like to trade them, with this people may buy and sell currencies of their choice.
Forex Trading in South Africa has been what most people want, both experienced and non-experienced however people should always bear in mind that not all people who enter the market will create millions, earlier we have mentioned that only 5% makes it and about 90% fail to make it, and another 5% is confused about the market,
Best FOREX Brokers
Usdtozar.com is an an introducing broker of Blackstonefuteres which is the best Forex Broker and it was founded and registered in 2008.
understanding the foreign exchange market
Thanks to a superior sensors, A new simple way to trade different market product.
United States of America Dollars
South African Rands
What is the Foreign Exchange Market?
The term foreign exchange market includes the worldwide Inter-bank or Inter-dealer trading system that influences utilization of floating exchange rates between different countries’ currencies like the USD/ZAR which is our lesson’s moral. The Foreign Exchange Market is the most world’s hugest financial market, and most of people don’t know about it. If you want to be clear, In the Foreign exchange market that is the exact place where FOREX trading happens, The research specify that It is very impossible to understand the foreign exchange market as a whole however getting and gaining few skills might drive you very closer to understand the market.
How huge is the Foreign Exchange Market?
Where is the FOREX Market Located?
The majority of individual inquire, “where is the FOREX Market located?” In intent perspective there is usually no central location for currency trading to take place since people can still trade online or electronically. In reference to this the word, “Market” might be a bit misleading. Banks that process transactions for larger companies and governments do the biggest chunk of FOREX trading. The aforementioned institutions provide exchange rates in the broader market on a continuous basis. The most recent quote is generally seen as the current pricing for the currency. However there is a place for trading stocks and commodities which happen in the following cities:
- City of Johannesburg – This is located in South Africa
- City of London – This is located in United Kingdom and is the biggest in trading than all
- City of Tokyo – This is located in Japan and it is most well known in the world
- City of Hong Kong – This is located in China
- City of Singapore – This is located in Southern Asia
- City of Frankfurter – This is located in Germany
- City of New York – This is located in the United States of America
- City of Wellington – This is located in New Zealand
- City of Sydney – This is located in Australia
What is FOREX Trading?
FOREX Trading is the process of buying or selling one, two or more of these above currencies and this process is usually carried out and executed by a number of (Fx) or foreign exchange market participants. If an individual or investor decides and takes action to buy USD or ZAR then FOREX trading has happened, most people ask themselves what Forex Trading is?
The term FOREX Trading is a huge term that is having about 100 000 to 1 million global average searches every month on Google keyword searches. Many people are on the perception that trading FOREX is the better way to generate passive or active income and others strongly believe that FOREX trading is a greener link or a golden path that will liberate them from their financial oppression.
You can-never separate FOREX and currencies, without currencies there is no FOREX and vice versa, below is an example of a South African Rand note as our currency of choice.
Knowing about FOREX Trading is one of the simplest lesson you may obtain, however to be the best trader is another game that is mastered after compiling so many directives. Let us take this issue chronologically so that everyone may have the clearer picture of what is happening in the (Fx Market) which is also known as the Foreign Exchange Market.
Prolonging our discussion, sources have previously revealed that it would almost cost the New York Stock Exchange three to four months of trading to equal trading during one day of the FOREX market. This market is having about $5 to $ 6 trillion traded every day as researched in the year of 2018, this research news comprises the variety of Forex trading markets
Can You Make Money With Forex trading?
The easy answer is “Yes” and the difficult one is “No”, This depends on your skills in analyzing the market, you are the one who will determine or should we say predict the direction of the market, the question is: will the market value appreciates or depreciates?
Meaning that you will always have to open a trades specifying the direction of the market movement. With all this you are the one who will have to favor one currency when compared to the other, should your prediction be accurate then you will accrue profit but should the market go against your assumptions then you will suffer a loss
Exchange Currency Rates
All countries’ currencies are having their own unit value which fluctuates over time. The monetary policy is having a great influence on the exchange rate or to the market globally, The appreciation or depreciation of the exchange rate for these currencies is usually controlled and determined by the supply and demand from market participants, meaning when the demand is high then the prices will increase and vice versa and it is also influenced by the number of economic, political factors and other crucial events which plays an integral part in this process. That is why the currency of every country differs from one another in terms of its value and power, look – at this typical saying;
The value of the (USD) is not equal or the same to the value of (Euros) and on the other hand the value of (Euros) are not equal to the value of (ZAR) South African Rands.
Since our lesson moral is based on two currencies, the USD AND (ZAR) RAND, let us preview this specimen of a South African Rand, with a picture of the former president of the republic of South Africa.
Former President Nelson Mandela was born in July 1918 and would have turned 100 years in July 2018, To commemorate his 100 birthday should he be alive, as per 2018, July , new notes are in circulation. The R10 is colour green, R20 brown, the R50 red, R100 blue and R200 yellow and orange. All these notes are ascribed in English on the front and are ascribed at the back in different South African official languages, Afrikaans, Setswana, IsiNdebele, SiSwati, Xitsonga, Tshivenda, Sepedi, IsiZulu and Sesotho
LATEST CURRENCY EXCHANGE RATES PRICES
The Story Behind a young man who earned $40000 -$60000 for two consecutive years
Learn on how this successful young man made his way up to success by just referring other FOREX traders to this broker of choice
I AM ABOUT TO DISCLOSE MY PERCEPTION ABOUT FOREX TRADING, AFTER STUDYING THIS ARTICLE YOUR PERCEPTIONS ABOUT FOREX TRADING MAY BE TURNED COMPLETELY AS MINE WAS TURNED!
As I write this article, I stand not to persuade anybody to trade and I am not a financial adviser of how and where to put your money. It was during 2011 when my eyes were opened about Forex Trading, I was mentored by an expert in Forex trading, his name is Nicholas Shamnatis whom i still respect today, he was a chief client retention manager at easy- Forex during that interlude of time. He sent an email to me, saying, I Quote
By Siwele Aldrin Tinyiko
“It was my 2nd year with the company (easy- markets) in 2009 when I finally got to meet the guy everyone in the company was talking about. He was sitting right next to me in a casual restaurant in Shanghai. At 28 years old, I heard stories how his income fluctuated between an amount of $40,000 to $60,000 a month, which is about R560 000 to R840 000, he earned this for 2 consecutive years. Here are few ways to make money online
After carefully observing him, I gathered the confidence to ask him something about the direction of GOLD and what his opinion was. He looked at me and with broken English said “I don’t even know where the GOLD price is right now”. His answer stunned me! And made me never to ask more about his currency tradings and his affairs to the Foreign Exchange Market,
He had zero skills in FOREX trading but a huge network of people who would follow his recommendations as to which broker to trade with.
7 years later, he still doesn’t know the price of GOLD, yet that doesn’t matter. He is still our biggest Introducing Broker (I B)” close quote