Anyone who has tried their hand at stock trading for a livelihood has definitely heard some crazy tales. Global trader statistics aren't excellent, with more than 70% of forex traders losing money. Admiral intends to assist South African traders in developing their skills and taking their trading to the next level.
“You discover the same tendencies if you analyze the trading methods of the customers,” says Boriss Gubaidulin, regional director for Africa at global trading business Admirals.
“Clients who lack knowledge of trading techniques, fail to educate themselves sufficiently in the instruments they trade, and fail to recognize the importance of good risk management for successful trading tend to bet heavily on a single trade and spread themselves too thinly across too many trades.”
Admirals have been in South Africa since 2022 and are newbies to the local trade market. It holds a Category 1 Fais (Financial Advisory and Intermediary Services) license and has filed for an ODP (Over-The-Counter Derivatives Product) license after obtaining Financial Sector Conduct Authority (FSCA) authorization and official registration as a financial services provider (FSP).
Admirals may be new to South Africa, but it has a global track record dating back over 20 years. Although the firm just received a trade license in Kenya, it views South Africa as a launching pad for expanding its employee base throughout surrounding nations. Admirals are based in Estonia and have offices all over the globe. It is licensed in six countries and offers trading services in Europe, North and South America, Asia, Australia, and now Africa.
What distinguishes it in a crowded sector is its ambition to build a corps of financially independent traders by aggressively investing in financial education and literacy tools.
This is accomplished via the provision of tutorials and webinars that create expertise one building block at a time. Its free Zero to Hero course walks new traders through the fundamentals of trade setup and execution in 20 days.
Its Forex 101 trading course enables newbies to the forex market to learn from seasoned pros. Another service provided is copy trading, which enables customers to replicate the transactions of successful traders.
“We want to see our customers flourish, and the way we achieve this is by delivering intensive training and daily market updates. According to our data, clients who spend time and energy in training perform better. They utilize good risk management and avoid making errors that lead others to fail,” Gubaidulin explains.
With over 3 700 Contracts for Difference (CFDs) to trade, the options might be dizzying. According to Gubaidulin, one of the foundations of effective trading is to reduce this down to a few, analyze them, and invest according to a precise trading strategy – which includes never going in too heavily on a single transaction and quitting early when the deal goes wrong.
“As we put a lot of work into financial literacy, we have an enormous library of courses accessible for free on our website that goes through the necessity of appropriate risk management,” he says. “Our data shows that clients who practice meticulous risk management outperform those who do not. When it comes to trading, this is the most important distinction between winners and losers.”
A CFD is a sort of derivative that tracks the underlying security's price movement without actually owning it. CFDs on FX pairings, commodities, indices, stocks, and cryptocurrencies are all accessible. These can be turbo-charged with leverage of up to 1:500, which magnifies modest price changes in the underlying investment, which is wonderful when you're winning but not so good when you're losing.
Clients in South Africa may begin trading with as little as $25, however, it is recommended that they begin with a demo account, where trading methods can be evaluated without risking real money.
Admirals' decision to join the South African market
“We believed it was necessary to create a presence in South Africa since there is a thriving trading community here and we can provide a wide range of trading instruments at extremely cheap trading costs,” Gubaidulin explains.
“The other piece we can provide to the SA market is financial market education. Many rivals provide similar services, but we approach it differently in order to help our customers become financially independent investors. To accomplish so, you must be in it for the long term.”
This is accomplished via regular seminars, frequent news updates, online courses, and discussions with investing specialists. It also distributes e-books on trading and other subjects, and it supports the KOOD/JHVI coding school idea in Estonia for people interested in pursuing a career in programming.
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