SAA: Graduate / Internship Programme 2019

Closing Date: 16 July 2016
Location: Cape Town, Durban, Johannesburg

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Our National carrier is offering an exciting opportunity to students who have completed studies in Finance / Logistics / Transport Economics / Transport Management / Industrial Engineering / Sales and Marketing with the aim of offering them experience and skills. If you meet the minimum requirements as stipulated below, you will become part of a prestigious team that will contribute to SAA Cargo’s success by delivering a high standard of service to our domestic and international markets.

Principal Accountabilities

  • Responsible to perform a variety of duties within the Cargo environment, in line with the Department where in intern is stationed aimed at providing an excellent service to SAA’s Customer
  • Focus on extensive market analysis, competitor analysis, identify trends and implement strategies in the revenue management system
  • Work with other team members, and areas of the business to ensure the best revenue outcome for your portfolio and the network
  • Manage the demand forecast (class availability) for a set of defined markets through Revenue Management
  • Identify systems to achieve the best possible revenue results for your portfolio, and the network as a whole
  • Focus mainly on the ground operations covering the main aspect of the business such as reservations
  • Perform Cargo Clearing and Forwarding , Cargo Acceptance, Load preparation , Transhipment as well flight operations performance duties
  • Assist with eco – politics, flight planning and scheduling as well as flight operations performance.
  • Monitor outbound /inbound traffic activities for load quality and accuracy
  • Research and coordinate the business development around the Dube Trade Port Special Economic zone.
  • Coordinate all Air Import /Export Freight activities including quotation, booking, documentation, data entry, shipment tracking and tracing, billing, arranging deliveries, among other responsibilities
  • Focus on the layout design and process flows ,focusing on issues of effectiveness and efficiencies as well as service reliability with a view to optimize operations
  • Ensure that the Cargo business can do more with less and assist in reducing wastage
  • Improve efficiency and competitiveness, profitability and reduce resource requirements
  • Assist in providing a method by which the Cargo business can analyse their processes and try to make improvements to them
  • Conduct research on the airline sales and marketing portfolio
  • Regular reporting of Air Cargo sales performance compared to its competitors

Qualifications & Experience

  • Grade 12 or equivalent qualification
  • 3 year Diploma or Degree in the following fields Finance / Logistics / Transport Economics / Transport Management / Industrial Engineering / Sales and Marketing at NQF level 6
  • Intern candidates must be able to complete the program without interfering with completion of studies as part of course work

Knowledge and Skills

  • Leadership skills
  • Telephone Etiquette
  • Problem solving Skills
  • Conflict resolution Skills
  • Communication skills(written and verbal)
  • Time Management Skills
  • Computer Literacy
  • Information processing skills

Attributes

  • Demonstrate the SAA values: Customer Focus; Accountability; Integrity; Safety; Excellence In Performance; Valuing Our People
  • Interpersonal Skills
  • Flexibility(shift hours)
  • Adaptability(constantly changing environment)
  • Organizational resilience and ability to manage pressure
  • Client Centricity
  • Proactive and Assertive
  • Attention to detail
  • Team player
  • Responsible and Accountable
  • Principle and value adherence
  • Independent minded
  • Decision making Skills

Additional Information

PLEASE NOTE THE FOLLOWING:

  • South African Citizens only
  • Candidates not be older than 35 years of age(youth)
  • This is a Fixed Term Contract for 6 months
  • The internship will be in various Departments within Cargo, two of the intern positions are based at outstations; at King Shaka International Airport Cargo terminal and x1at Cape Town International Airport Cargo.

How To Apply

Apply Online for the SAA Graduate / Internship Programme

IF YOU DO NOT HEAR FROM US WITHIN 21 DAYS PLEASE CONSIDER YOUR APPLICATION TO BE UNSUCCESSFUL

How to Find Accredited and Registered Nursing Colleges in South Africa

SANC Accredited Nursing Education Institutions

One of the functions of the Nursing Council is to accredit nursing education institutions (NEI’s) and the training programmes presented by those institutions.  Council is empowered in terms of legislation to perform these functions.

The Nursing Act, 2005 – Section 42 of the Act makes it illegal for any institution in South Africa to provide education and / or training intended to qualify a person to practise as a nurse or a midwife unless both the institution and the programme of education and training are accredited by the South African Nursing Council .

In fulfilling these obligations, the Council is protecting the rights of;

the Public to receive care from a nurse or midwife who has received a high quality education intended to equip him / her to provide competent, compassionate and ethically based nursing care; and
the Learner to receive education and training that meets all the requirements for registration as a practitioner in South Africa

Illegal Institutions / Programmes

It is imperative that learners make sure that the institution where they will be trained as a nurse or midwife is accredited by the South African Nursing Council AND that the training programme (course) is also accredited by the Nursing Council .  If either is NOT ACCREDITED, the Nursing Council will not recognise any of the training the learner has received.  This means that the learner will not be able to practise in South Africa (or elsewhere) after completing the training.  All the time and money that the learner has spent on education and training will be wasted.

Often, such illegal institutions or institutions running illegal programmes try to protect themselves by giving their programmes obscure names like Pre-nursing and telling the prospective learner that by following such a course, the learner will be guaranteed entry into further nursing education (at the same or another nursing education institution).  There is no provision for such programmes in the Nursing Act, 2005 or in its regulations and no such guarantee.  The education and training regulations (available on this web-site) give minimum entry requirements for each nursing education and training programme.

The Nursing Council handles complaints or reports received about illegal institutions and/or illegal programmes operating in South Africa.

All allegations are investigated and, if it is found that an institution is operating illegally or running an illegal programme, the co-operation of the South African Police Services (SAPS) is sought in closing down the institution or programme.  SAPS is involved in this process because in terms of the Nursing Act, 2005 it is a criminal offence for someone to operate such an institution or to offer such a programme.

If you are aware of any institution that you think may be operating illegally or providing an illegal programme, please send full details to the Council so that the facts can be checked.

 

Free Diploma

Have you always wanted to advance your education but you do not have money to pay for the training? Well, consider that a thing of the past because you can be on of thousands of people to enter on the training programme and at the completion of the course be awarded with a certificate of completion, that is an eDiploma for your selected course.

So, do not think twice about this because opportunities like these comes once in a while. And millions of people all over the world have completed one or more courses via The Shaw Academy.

These courses can add a weight in your CV and increase your chance of employability.

Or you can even start your business if you take courses that are in high demand in the real world. So choose wisely because you can only participate in one free course. It is also important that you share this with your friends as this info can help them also get some skills and they will appreciate your help.

How to Enrol/Register

 

Click Here to Register for One free Course

 

General Workers Cleaners Wanted

GENERAL ASSISTANT/CLEANER REF NO: KHC 10-06/2018 (X2 POSTS)
(College Council Posts)
SALARY : R115 437 per annum (SL 03)
CENTRE : King Hintsa TVET College – Centane Campus

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REQUIREMENTS : Standard 7 up to standard 10 qualifications is essential. Proven experience as
General Assistant Cleaner (minimum of 1 year cleaning experience).
Competencies: Good communicate skills. Must be able to communicate in English
(read, write) Ability to prioritize workload and work under pressure without
supervision. Willingness to undergo further training. Recommendations:
Trustworthy, Hardworking and team player.
DUTIES : Undertake activities associate with maintaining cleanliness of designated areas
and providing support during the relocation of office furniture/equipment with laid
down instructions. Receive verbal instructions from the immediate supervisor on
the work program and/or priorities related to specific departments and/or
communication specific cleaning material requirement. Clean ablutions facilities,
mopping floors and wiping ceramic surfaces, replacing toilet rolls, hand towels, etc.
and checking and reporting defective items to the immediate supervisor for
attention. Ensure that areas that are services are kept neat and tidy.
ENQUIRIES : Mr MM Ndzame or MS P Soyizwapi at Tel No: 047 401 6400

APPLICATIONS : Please Forward Your Application, Quoting The Reference Number to: The
Principal, King Hintsa TVET College, Private Bag X3018, Butterworth, 4960 Or
Hand Deliver to: 218 Mthatha Road Ibika Township, Butterworth.
CLOSING DATE : 20 July 2018, applications received after the closing date.
NOTE : Applications must be submitted on form Z83 obtainable from any public service
department and must be accompanied by a comprehensive CV and certified
copies of qualifications. Emailed or faxed applications will not be considered. The
successful candidate will be subjected to a security clearance and verification of
qualifications. Interviewed candidates will be subjected to a competency
assessment where necessary. Correspondence or communication will only be
entered into with short-listed applicants. The College /Department reserves the
right to withdraw any of the advertised posts at any time depending on the need.

 

Auxiliary Services Officer 10X Positions

AUXILIARY SERVICES OFFICER: FIELD MONITORS (X10 POSTS)
(5 Year Renewable Contract)
SALARY : R183 558 per annum (Level 06)
CENTRE : Umlazi District: Ref No: DOE/37/2018
Ilembe District: Ref No: DOE/38/2018
Harry Gwala District: Ref No: DOE/39/2018
Ugu District: Ref No: DOE/40/2018
Amajuba District: Ref No: DOE/41/2018
Umzinyathi District: Ref No: DOE/42/2018
King Cetshwayo District REF NO. DOE/43/2018 (X2 Posts)
Zululand District: Ref No: DOE/44/2018
Umkhanyakude District: Ref No: DOE/45/2018
Uthukela District: Ref No: DOE/46/2018

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REQUIREMENTS : Senior Certificate. Competencies: Knowledge of computers, computer literacy in
MS Word, MS Excel and other computer skills. Skills: Numeracy, Good
Interpersonal Relations, Communication and Record keeping. Experience and
proficiency in Supply Chain Management policies and prescripts or in Contract
Management.
DUTIES : Monitor and report on the implementation of the school nutrition program at
schools using the Monitor Respond and Respond (MRR) methodology and tools.
Provide advice to Principals and School Governing Bodies on primary school
nutrition matters. Investigate complaints and compile reports. Follow up on
approvals, payments, etc. and advise accordingly. Deliver documents to Head
Office and Circuit Offices, ie. Applications for feeding scheme, payments, approval
letters. Train Voluntary Food Handlers on the implementation of the programme
using the MRR approach. Provide onsite support to schools in the management of
the Service Level Agreement. Assist in the management of the Service Level
Agreement by schools and service providers. Receive, number and sort defaulting
service providers of the National School Nutrition Programme (NSNP) and liaise
with supervisor through writing comprehensive reports on defaulting service
providers.
ENQUIRIES : Mr T.J.C. Cele – Tel No: 033 – 392 1083

APPLICATIONS : Applications should be sent by post addressed to The Director: Human Resource
Services, KwaZulu-Natal Department of Education, Private Bag X9137,
Pietermaritzburg, 3200. Applications may also be hand delivered to Head Office,
228 Pietermaritz Street, Pietermaritzburg, 3201
FOR ATTENTION : Ms PS. Mthembu
CLOSING DATE : 16 July 2018 at 16H30
NOTE : Applicants must ensure that they fully complete and sign Form Z83, even if they
are attaching a CV. Incomplete and/or unsigned applications will not be
considered. Preference will be given to persons from designated groups including
persons with disabilities. Directive to Applicants: Applications must be submitted
on Form Z83, obtainable from any Public Service Department. Applications must
in all cases be accompanied by a recently updated comprehensive CV, originally
certified copies of all qualifications and RSA ID document, as well as a valid driver’s
license. Failure to attach the requested documents will result in the application not
being considered.

Source: DPSA

 

Vacancies » Senior Admin Officer Polokwane

SENIOR ADMINISTRATION OFFICER: DEMAND MANAGEMENT REF NO:
LDH 06/11 (X1 POST)
SALARY : R299 709 per annum Level 08
CENTRE : Head Office (Polokwane)

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REQUIREMENTS : Qualifications and Competencies: Bachelor’s degree or equivalent qualification in
Economics / Quantitative Management / Financial Management / Business
Management or Equivalent in Financial / Logistics / Purchasing
Management/Commerce at NQF level 6. A minimum of three (3) years relevant
experience in Demand and Acquisition Management. A valid driver’s license
(Attach Copy). Knowledge and Skills: Knowledge on conducting market research
and developing strategies. Computer literacy. Problem solving skills. Presentation
skills. Analytical and creative thinking. Planning and organising skills. Ability to
work independently and under pressure. Good communication and writing skills.
In depth knowledge of LOGIS, mainframe/on-line and BAS or any procurement
integrated system, PFMA, PPPFA, Supply Chain policies and procedures,
Treasury Regulations and BBBEE Acts.
DUTIES : Perform expenditure analysis with respect to goods and services Procured.
Conduct market research as per procurement plan, and Compile market research
report with sound research recommendations. Apply appropriate research
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methodology and recommend appropriate sourcing strategy. Maintain database of
market researched commodities. Monitor supplier performance and regular
engagement with internal and external stakeholders. Prepare monthly and
quarterly reports, facilitate the nomination and rotation of suppliers from central
supplier database, development of specifications, chairing of specification
committee meetings. Assist in coordination of the demand plan from districts,
branches and all departmental institutions.
ENQUIRES : should be directed to Ms Matimatjatji RL / Ms Mpati MM at 015 293 6126 and Ms
Mampane NR at 015 293 6426 during office hours.

APPLICATIONS : Applications for posts at Mopani and Waterberg Districts: should be addressed to
the District Executive Managers of the District Offices, for Tshilidzini Hospital to
the Chief Executive Officer of the Hospital as per the addressess below:
Mopani District: Private Bag X 628, Giyani 0826, Tel No: 015 811 650
Waterberg District: Private Bag X 1026, Modimolle 0510, Tel No: 014 718 1700
Tshilidzini Hospital, Private Bag X 924, Shayandima 0945, Tel No: 015 964 1061
Applications where the centre is indicated as Head Office [Polokwane] should be
addressed to: The Head of Department, Department of Health, Private Bag X
9302, Polokwane, 0700 and for hand delivery at 18 College Street Office No. 60
New Building
CLOSING DATE : 20 July 2018
NOTE : Applications are hereby invited from suitable qualified candidates for advertised
vacant posts. Applications should be submitted on the Z83 form obtainable from
any government institution and must be accompanied by comprehensive CV and
certified copies of required qualifications and Identity Document.

 

Sellers At Strong Area Of Interest On AUD/NZD?

Taking another shot on AUD/NZD, playing my short bias but this time at a better price. Bears to return at a major resistance area?

Sellers At Strong Area Of Interest On AUD/NZD?

AUD/NZD Daily
AUD/NZD Daily

As I mentioned in my trade review of my last AUD/NZD short attempt, I’m still bearish on the pair for fundamental reasons that I talked about in my last trade idea, but also on recent comments from both the Australia and New Zealand’s central banks.

For those who want to read a recap of those recent comments from the RBA and RBNZ, you can read a full recap by my friend, Forex Gump. But to keep it short for this post, it looks like that both are leaning more towards rate hikes than cuts, but it’s also highly unlikely that those monetary policy changes any time soon, probably not until the end of 2019 or beyond.

With monetary policy likely to stay neutral for the foreseeable future, I think back to the recent weak Aussie data to maintain my bearish AUD/NZD bias, and why I’m looking at this technical setup to hop back in.

On the daily chart above, we can see that 1.0900 has been an area of major interest, first as support in 2017, and now strong resistance in the last couple of months. We can also see a bearish candle pattern has emerged a couple of days ago in the form of a quasi-evening star pattern, and when combined with stochastic indicating potentially overbought conditions, this is probably a signal a lot of technical traders may act on.

With the fundies and price action lined up, I’m going to take another shot at AUD/NZD for a position play, or one that may likely take a month or two to develop as we’re in the Summer months and the economic calendar isn’t too heavy in the month of July for both Australia and New Zealand.

I’m setting my orders here just above market for a slightly better price, and my stop will be one weekly ATR to give the trade room to breathe. My target will be the last major support area that drew in buyers through all of 2016 and 2017. Here’s what I’m doing:

Short half position AUD/NZD at 1.0900, max stop at 1.1050, max target at 1.0500

l’ll be risking only 0.5% of my account on this position and with this setup, I have a roughly 2.67:1 potential return-on-risk. Both Australia and New Zealand have important inflation and employment data coming up later in the month, so dependent on those events, I may adjust early to reduce risk or maximize gains if the situation makes sense.

Stay tuned and as always, remember to never risk more than 1% of a trading account on any single trade. Adjust position sizes accordingly. Create your own ideas and don’t simply follow what I do.

Turn Positive Thinking to Positive Results!

Being successful, whether it’s in trading, business, or even in parenting, takes a lot of personal development.

You are continually tested by your surroundings (the forex market, your employees or coworkers, your children), and how you react before, during and after these challenges all play part in your success.

As currency traders, we all have those days or weeks when things just don’t go our way. Our losses are overshadowing our wins, and we can’t seem to consistently win. We start to wonder if we can ever make any “real” money and if our goals of becoming a full-time forex trader will ever be realized.

“Why did I ever get into forex trading? It’s nothing but a stress builder and a gigantic head ache. Who am I kidding? I think my hair is falling out!”

If you’ve been feeling this way and are asking yourself some of the same questions, it’s time to sit down and work on your positive thinking.

Any successful forex trader will tell you that he has made the mental decision to be as positive as possible in thinking, acting and doing, and that having a positive mind is critical in overcoming the setbacks brought on by trading.

Of course, as much as positive thinking and the Law of Attraction can put you in the right direction, it’s not enough to guarantee positive results. So what do you need to do next? Here are a few tips:

1. Begin the day on a positive note.

Start off the morning by looking at yourself in the mirror and saying “I’m good enough, I’m smart enough, and gosh darn it, people LIKE me!” And say it just like Stuart Smiley from Saturday Night Live… with enthusiasm!
No really, promoting yourself to YOU is a great first step in the right direction.

It helps you get in the right mindset, and helps you to start your day thinking positive thoughts. If looking in a mirror scares you, I’m sorry…try just saying it out loud to yourself.

2. Shake off the negative vibes.
Take note of your negative thoughts and understand that only you can change them. Once you start ridding yourself of those thoughts, you are thinking positively, while also creating a positive attitude.

The market has its ups and downs. Your trading will have the same. Loses are inevitable. They happen to everyone.

Think and visualize yourself as a successful trader. Imagine only positive results. Imagine the wealth you’ve created and the lifestyle it affords you. This type of thinking will help reinforce the ideas that first led you to the currency market and motivate you to stick with it.

3. Bring on the positivity!
Another easy method to assist you in becoming a positive thinker is to surround yourself with a positive environment. This can be your work space or the people around you. The world is filled with doubters and people who want to “help” you by destroying your dreams or shooting you out of the sky.

Make it easier on YOU by surrounding yourself with other positive thinkers who reassure and support your forex trading. And liven up your trading space so it’s inviting and makes you want to be there. Maybe it’s time to replace this crusty keyboard?

4. Spread the good vibes
Help yourself by being a positive talker to others and about yourself. Speaking positively fills your head with positive thoughts and ideas. Negative self-talk only helps to hinder your potential as a trader and keeps you from growing.

Do your best to welcome the currency market’s obstacles and view them as your opportunities for profits and success. Dealing with these obstacles will only help you to create a better trading experience.

Small changes in the way you think about yourself, think about others and think about trading will go a long way in your overall success as a trader.

While positive thinking doesn’t necessarily guarantee success, it puts you in the mindset you need to help you win your trades. And in the cutthroat jungle that is forex trading, you’ll need every advantage you can get.

How to Make Money Trading Forex

In the forex market, you buy or sell currencies.

Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.

How To Make Money Trading ForexThe object of forex trading is to exchange one currency for another in the expectation that the price will change.

More specifically, that the currency you bought will increase in value compared to the one you sold.

Example:

Trader’s Action EUR USD
You purchase 10,000 euros at the EUR/USD exchange rate of 1.1800 +10,000 -11,800*
Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500 -10,000 +12,500**
You earn a profit of $700 0 +700

*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500

An exchange rate is simply the ratio of one currency valued against another currency.

For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.

How to Read a Forex Quote

Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because, in every foreign exchange transaction, you are simultaneously buying one currency and selling another.

Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:

GBP/USD forex quote
The first listed currency to the left of the slash (“/”) is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar).

When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.51258 U.S. dollars to buy 1 British pound.

When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency.

In the example above, you will receive 1.51258 U.S. dollars when you sell 1 British pound.

The base currency is the “basis” for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, “buy EUR, sell USD.”

  • You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency.
  • You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.

Long/Short

First, you should determine whether you want to buy or sell.

If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price.

In trader’s talk, this is called “going long” or taking a “long position.” Just remember: long = buy.

If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price.

This is called “going short” or taking a “short position”. Just remember: short = sell.

How to make money trading forex by going long and short at the same time.

“I’m long AND short.”

The Bid, Ask and Spread

All forex quotes are quoted with two prices: the bid and ask. For the most part, the bidis lower than the ask price.

EUR/USD forex quote

The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market.

The ask is the price at which your broker will sell the base currency in exchange for the quote currency. This means the ask price is the best available price at which you will buy from the market. Another word for ask is the offer price.

The difference between the bid and the ask price is popularly known as the SPREAD.

On the EUR/USD quote above, the bid price is 1.34568 and the ask price is 1.34588. Look at how this broker makes it so easy for you to trade away your money.

  • If you want to sell EUR, you click “Sell” and you will sell euros at 1.34568.
  • If you want to buy EUR, you click “Buy” and you will buy euros at 1.34588.

Here’s an illustration that puts together everything we’ve covered in this lesson:

CRYPTOCURRENCY EXCHANGE VS FOREX BROKER – WHICH IS BETTER FOR TRADING BITCOIN?

Bitcoin has seen phenomenal growth in popularity and value over the last decade. Despite this, Bitcoin is still considered to be in its early stages according to the vision set out by its creator’s.

As well as being an alternative currency for the purchase of goods and services, Bitcoin has also become an instrument for traders looking to make large returns and grow their accounts. Its rapid price increases and volatility have only bolstered that and is even drawing in individuals who have never traded before. Bitcoin has the potential to become a new major world currency and people are investing their money on the hope that it will.

Of course, whether Bitcoin becomes the ‘future of money’ or not isn’t the be all and end all for well-informed traders. Bitcoin certainly has some impressive technology behind it; however, the top priority for traders is simply to profit from its price movements. Traders can look to profit from Bitcoin if it succeeds or if it fails, either way, strong trends are bound to occur.

Where can you trade Bitcoin?

There are basically 2 main options you have for this as a Bitcoin trader, they are:

1 – Cryptocurrency exchange

2 – Online Forex broker

At a cryptocurrency exchange, you will buy and sell actual Bitcoins whereas through a forex broker you will trade a Bitcoin CFD (contract for difference).

I believe that online forex brokers are the best option for trading Bitcoin and will cover this today. I will outline the differences between the two and my reasons for this judgment.

Advantages of trading Bitcoin with a forex broker

Regulation – Reputable forex brokers are fully regulated so you know they have to operate responsibly and with professionalism. They will keep your funds in segregated bank accounts so they are always protected. Cryptocurrency exchanges, on the other hand, are completely unregulated. If a cryptocurrency exchange goes bust or closes down the protection you have may be very limited

Simplicity – This is a big one for me. Setting up a cryptocurrency account and getting started trading is certainly a complicated process, there’s no doubt about that. First, you will need to find an exchange that accepts residents from the country you are from. You then need to find a way to deposit funds into that account, which can be surprisingly difficult. I’ve even heard in some cases that traders will open a new bank account just so they can make deposits into their cryptocurrency exchange account.

What you will find with most traders that use cryptocurrency exchanges is that they have multiple accounts with different exchanges. They then use each account for different reasons. One could be for deposits, one for buying Bitcoin, one for margin trading, and one for short trades and so on.

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It’s a totally different story trading Bitcoin with an online forex broker. You can set up an account in minutes if you do not have one already. You can then deposit funds into your account using your preferred currency and any Bitcoin trades you make will be automatically settled back into your chosen currency.

 

Hidden fees and charges – This leads on nicely from the topic before. With an online forex broker, it’s free to open an account, free to deposit/withdraw your funds and there are no commissions Bitcoin trades. Your only expense when trading Bitcoin through a forex broker is the spread. This makes it much easier for a trader to manage their money and keep track of their expenses.

When using a cryptocurrency exchange there seem to be fees involved every step of the way. You will often pay fees depositing into your account, fees withdrawing, fees exchanging currencies, fees purchasing Bitcoin, fees transferring Bitcoin and commissions on trades. All these different fees can be costly and make keeping track of your expenses a complicated and time-consuming process.

Professional tools and platforms – Trading Bitcoin through an online forex broker will give you access to professional tools and platforms like the award-winning MetaTrader platforms. MetaTrader 4 and 5 allow traders to apply all different kinds of indicators and analysis tools helping to enhance your performance. They also allow you to trade directly from the Bitcoin charts.

The charting tools available on many cryptocurrency exchanges are lower quality with traders often using the exchanges only to place their trades. They will then use separate platforms for their charting and analysis requirements.

Maximum opportunities – Again trading through a cryptocurrency exchange can be complicated if you have certain requirements. Not all cryptocurrency exchanges will allow shorting and some will not provide leverage or margin.

When trading Bitcoin with a forex broker you have access to leverage and margin allowing you to trade at the size you want. You can also trade both long and short on Bitcoin trades enabling you to capture trends in either direction. If you are already a forex trader, staying with a forex broker allows you to keep all your funds in one place and monitor both your forex and Bitcoin trades at the same time.

Cryptocurrency Exchange VS Forex Broker Overview

What the future holds for Bitcoin nobody knows. What we do know is that it’s more than likely going to be eventful. Whether Bitcoin sees further success or eventual failure, opportunities will arise for traders no matter where they decide to trade it. If you are looking to use Bitcoin for purchasing goods and services then this is a different situation to what we’ve covered today. When it comes specifically to Bitcoin trading, I do feel that overall forex brokers currently provide the best, easiest and safest option.