The benefits of offshore versus local securities trading

Take a look at the graph below to get an idea of why South Africans can’t get enough of offshore stocks.

“There are a lot of good reasons to trade offshore securities, in addition to local ones,” says Shaun Murison, senior market analyst at IG Markets SA. “If you want to trade offshore, you choose the base currency, such as US dollar, euro or sterling, by way of example. For example, if you bought Anglo American on IG Markets, your trading account will reflect the underlying price movements in the actual stock, without owning the stock itself. You are also able to leverage your trading position, meaning you can magnify the underlying price movement up to five times the spot market price.“Just as your gains are magnified, so are your losses. This is why we spend a lot of time and have created a suite of tools to assist traders in understanding the risks.

Day traders make up a relatively small portion of IG Markets’ clients. A far larger proportion are what are called ‘swing traders’, who remain in trades for one or more days to profit from price changes or swings.

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