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Written by ForexCult Team
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ZAR As you may or may not know it is very important that you take the time to learn about the ZAR when you are going to be trading currencies. When you are going to be a currency trader in the forex market, it is very important that you take the time to learn every thing there is to know about the currencies that you will be trading. The ZAR which stands for the South African Rand is just on of the many currencies that you are going to have to learn about when you are trading in the markets. The reason that it is so important for you to learn about currencies like the ZAR is because of the fact that you will be trading currencies in pairs. When you take into consideration that you will be trading currencies like the ZAR in pairs, it is important that you take the time to learn all of the information that you can about the currency and the history of the currency as well. The ZAR is a common currency so you will be able to learn all the information that you can imagine right on the internet or in a book that you can check out from the local library. Although it is not necessary for you to know everything about the currency ZAR it is important for you to have some basic knowledge. The Basics of the ZAR The ZAR or South African Rand is actually the currency of South Africa. The ZAR gets its name from the word Witwatersrand which when you convert it to English means white waters ridge. The Witwatersrand is the place upon the ridge where Johannesburg is actually built and is also where most of the gold deposits where found as well. ZAR is actually the ISO code for the South African Rand just in case you are wondering why I keep referring the ZAR to the South African Rand. The ZAR is known as the currency of the Common Monetary Area in which is located between South Africa as well as Namibia and Swaziland not to mention Lesotho. No that you have the basics of the ZAR, I would like to take the time to tell you a little more about why it is so important for you to take the time to learn about the ZAR. Learning about the ZAR When it comes to learning about the ZAR, you should be able to find everything that you need to know about the ZAR on your computer by searching the internet for the ZAR or by your local library by searching for a book on the ZAR. You can also go on websites that are related to the ZAR and take the time to read all the information there but you may want to keep in mind that all of that information is not going to pertain to the information that you need to know about the ZAR. I wouldn’t tell you about the ZAR and tell you that you need to know about the ZAR if it was not important for you to do so. I know that there are going to be times that you are going to get frustrated and you are not going to want to learn about the ZAR because you are going to think that learning about the ZAR is pointless but you have to remember that learning about the ZAR is very important to know about if you are going to be trading currencies. Not only will you have to learn about the ZAR but you are also going to have to learn about other currencies as well. Once you have taken the time to look up information about the ZAR you can take the time to read over the information and then you will have done your duty to learn about ZAR. I know that during the times that you think that learning about ZAR is pointless you are going t want to throw in the towel but it is important that you don’t because the important of the ZAR is still important when it comes to trading currencies. The ZAR is only currency and there are many others out there besides the ZAR that you are going to have to learn about. If I can recommend something to you, you may want to take the time to see if you can locate a book or a website that contains the information about all of the currencies so that you want have to look in a lot of different places.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

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