The Scary Truth About Working for an International Broker (Salaries,Taxes,Credit)| Ncamsile Gatsheni

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Whether you're navigating Forex South Africa or exploring global markets, this episode breaks down the crucial signs to watch for when choosing a broker. Learn the importance of mentorship in trading, effective trading strategies, and how personal growth can shape your success in this dynamic industry.

Our expert guest shares insights into the role and challenges of Business Development Managers (BDMs), the pressures they face, and how these relate to traders' experiences. Discover the seamless transition from learning into trading and gain valuable tips for managing finances, avoiding unreliable brokers, and building a sustainable trading career.
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👤 Ncamsile Gatsheni
IG: ⁠⁠  / ncamgg.12  

🎙️ Hosts:
Nqobile Tembane
IG:   / nqobiletembane  

MJ Givens Kgasi
IG:   / mjgivens911  
YT:    / @mjgivenskgasi  

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⏱️ Timestamps:
00:00 - Intro
01:34 - BDMs: Employees vs Contractors
11:34 - Job Requirements: No Paperwork, No Job
17:25 - Red Flags: Broker Approaches
22:00 - Account Manager vs BDM: Key Differences
27:10 - Finding Partners: Best Approaches
28:54 - Hierarchy Pressure in Trading
39:01 - Traders Working for Brokers: Insights
40:47 - IBs Transitioning to BDMs
41:58 - Understanding BDM Commissions
49:03 - IBs: Needs from Brokers
53:31 - Broker Funds: What Happens to Money
01:01:22 - Nigeria vs South Africa: A Comparison
01:04:54 - South Africa vs Nigeria: Insights
01:11:55 - Outro

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⚠️ Disclaimer:
This content is for educational and entertainment purposes only. It does not constitute financial advice. Trading carries risk, and you may lose capital. Please do your own research before making financial decisions.

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