Trading Morocco - How to Do Legal Trading in Morocco? in March 2024 (2024)

Trading in Morocco is a legal activity, at least when it is carried out in compliance with the rules of the market regulator. Well exercised, it can bring significant financial gains without requiring that we devote all our time to it. But how to trade in Morocco? This comprehensive guide covers everything you need to know and do before you start trading in Morocco, how to do it well, who to do it with, and many other interesting points. Let's go.

What are the Trading Regulations in Morocco?

Trading is a regulated activity in Morocco. According to the Moroccan Capital Market Authority, you can trade several financial instruments on stock markets, including Forex, CFDs, stocks, bonds, commodities, Islamic finance instruments, among other financial assets. However, the trading trading cryptocurrencies and binary options is banned in Morocco, according to the country's Foreign Exchange Office.

Trading: Who are the Financial Regulators in Morocco?

• The exchange office. The foreign exchange office was founded on January 22, 1958. This organization is placed under the supervision of the Ministry in charge of finance. It is responsible for drawing up rules relating to exchange regulations and drawing up foreign trade statistics as well as the balance of payment.
• The Moroccan Capital Market Authority. The Moroccan Capital Market Authority's mission is to guarantee the security of savings in financial instruments and to respect the legislation on the financial market.
• Moroccan Central Bank (Bank Al-MAGRHIB). The Moroccan Central Bank ensures in its missions the security of systems and means of payment. It was founded in 1959 by the Moroccan State to replace the State Bank of Morocco.

Which Financial Assets are Prohibited from Trading in Morocco in 2024?

Cryptocurrency trading and binary options trading are prohibited in Morocco. Indeed, a law of the exchange office published in 2017 prohibits the trading of crypto-currencies in Morocco. Several reasons motivated the adoption and application of this law, including the lack of a regulatory framework, the risk of financing criminal activities, and the high volatility of prices.

Why Trade in Morocco?

• Earn money
• Take advantage of the expertise of a legal broker
• Obtain financial independence
• Make quick and inexpensive transactions on the markets
• Increase profits through leverage
• Investing at a lower cost in financial assets
• Have absolute control over its operations
• Have your money in real time
• Easily access financial markets via the Internet

What is Trading in Morocco?

Trading in Morocco is an activity that consists of buying and/or selling financial instruments (authorized in Morocco) on the financial markets through online brokers. The objective, as with trading (since trading literally means "trade" in French) is to make capital gains: buy at a given price and resell at a higher price, or sell at a high price and buy back at a low price. Like what is possible on the morocco scholarship CASABLANCA.

Trading Morocco: What is Leverage?

Leverage is the mechanism by which a trader increases his investment capacity. It effectively allows the trader to open a large position by investing just a small amount of money in this position. A leverage of 1:100 for example means that you can open a position of 100 DH by investing only 1 DH. You can therefore buy a financial asset for 100 DH and only have 1 DH withdrawn from your account. Your possible gains are thus multiplied by 100, but also your losses; This is why leverage trading is known as a double-edged sword.

How to Train in Trading in Morocco?

• Access broker trading tutorials. Several brokers like Vantage FX, PUPRIME, etc., and other websites offer practical trading tutorials for beginners and experienced traders. These tools help you master the fundamentals and how trading works, as well as implement basic or advanced trading strategies.
• Learn with demo accounts offered by brokers. Beginner traders can learn trading through demo accounts offered by online brokers. These accounts make it possible to simulate asset trading on the market. Traders can thus train, discover a trading platform in Morocco, check the effectiveness of their strategies or trading plans. Vantage FX for example offers you an unlimited demo account with a virtual balance of your choice, usable on Vantage App, MetaTrader 4 or MetaTrader 5.
• Obtain an online training kit or documents on trading. There are a large number of training kits and books on online trading. These are not always free, but they are accessible to all budgets. The content of these trainings helps newbie traders understand how trading works and its risks.
• Practice is probably the best way to train you in trading. You can start with small trades, small position sizes, small sums, and then increase your investments as you master the trade.

What are the Risks of Trading in Morocco?

• Risk of financial losses
• Risk of addiction, stress, and others
• Risks related to financial markets, in particular their volatility
• Risk of scam

Trading in Morocco: Risk of Financial Losses

One of the major risks of trading is spending all your money. It is therefore necessary to define your budget in advance and not to exceed it. The budget must take into account your monthly income and all your current expenses. Fees relating to a non-current charge can be used. It is not advisable to invest all of your income, because in the event of significant losses you will be bankrupt.

It is also not recommended to trade what you do not have. In other words, going into debt to invest in the stock market is not recommended. If you are making significant profits, don't get carried away with euphoria. This can lead you to make bad investments and realize huge losses.

Trading in Morocco: Risk of Health Degradation

Trading requires long hours of concentration and thought which can sometimes deprive the trader of sleep. This can create stress for the trader and degrade his health.

If nothing is done in the long term, you are exposing yourself to pathologies such as: high blood pressure, increased fatigue, chronic pain, heart problems, reduced immune defences, high blood pressure, emotional fragility and addictions to stimulants or drugs to keep awake.

Trading in Morocco: Risks related to Financial Markets

Financial markets are very volatile. As much as it is possible to win large sums of money, you can also lose large sums. The risks related to the financial markets are diverse:

• Risk of change. It is associated with assets traded with different currencies. For example, you buy shares traded in euros in dollars, you can make gains or losses depending on currency fluctuations.
• Political risk. It is linked to current political events in the country in which you are investing or wish to invest. For example, a change of government can wipe out your investments.
• Liquidity risk. This risk is related to the trading frequency of financial instruments. The more an asset is bought or sold, the greater its liquidity, and vice versa. The less liquid a market, the more difficult it will be to find a counterparty to your orders.
• Inflation risk. It is linked to the rise in the prices of goods which leads to a drop in demand from companies and consequently a drop in profits.
• Interest rate risk. It linked to bonds is higher than that of stocks. But overall, the rise in the interest rate leads to a fall in the price of financial instruments.
• Industry Risk. When an industry's financial performance declines, that industry's earnings also decline. In other words, any investment in this sector would generate losses for the trader.
• Market price fluctuations risk. These fluctuations can generate gains or losses for the trader. They are therefore a risk precisely in the event that they can cause losses for the trader.

Trading in Morocco: Risk of Scam

The web is full of fraudulent trading sites. Before registering on a trading platform, it is recommended to check the legality of the latter and many other elements (customer opinions, reputation, recognition by financial market regulatory authorities, etc.). This saves you from falling on possible scams.

What is a Trader in Morocco?

In Morocco, a trader is a person who trades financial assets on the stock exchange, for his own account or on behalf of a third party or even a financial institution.

A trader can therefore buy or sell financial instruments on behalf of a bank or a brokerage firm. In this case it is an employee of these companies, who has followed an academic training to be a trader.

There are people who trade financial instruments for their personal account. These are independent or individual traders or “for own account”. The latter have not necessarily followed an academic training to become a trader. They learn to trade on specialized sites or with the help of tutorials offered by online brokers.

An independent trader invests his money in financial assets to have personal profitability and therefore financial autonomy.

How to Become a Trader in Morocco Without a Diploma at Home?

• Get and understand trading education tutorials. Many online brokers offer training guides for beginners or expert independent traders. These help traders understand how trading works.
• Join specialized forums and follow the advice of experienced traders. Many fora of trading enthusiasts offer free training to beginner independent traders. You can also take advantage of the advice of traders who operate in the same market as you, to learn how to trade from home.
• Practice trading with broker demo accounts. Demo accounts are tools that help novice traders master trading techniques and strategies.
• Own a trading station. Traders must procure state-of-the-art electronic devices to trade online in Morocco. These devices must be connected to the internet to facilitate your access to the stock market.
• Have an account on a broker's site. A broker's trading platform allows you to take a position on the stock market to trade financial instruments and potentially make profits. We recommend Vantage FX et PUPRIME. If you want to trade or invest in stocks and/or ETFs, then DEGIRO is the ideal broker for you.
• Practice will make you a better trader. When you start, invest small amounts in your positions, limit your use of leverage, then increase these elements (investment, leverage) if you wish, but only when you are more familiar with trading.

What Training Should I Take to Become a Trader in a Bank / Financial Institution?

• Master's degree in finance (Bac +6)
• Specialized Master in Financial Strategy and Responsible Investments (Bac+6)
• Master's degree in Banking and Financial Engineering (Bac+6)
• Master's degree in finance and risk management (Bac+6)
• Master in Mathematics or Statistics (Bac+5)
• Master in Law or Economics (Bac+5)
• Master in Banking or Finance (Bac+5)
• Business school diploma (Bac+5)
• Engineering degree + one (1) year in finance (Bac+5)
• Master in Money, Banking, Finance and Insurance (Bac+5)

How to Trade Options in Morocco?

1. Master the vocabulary specific to option trading
2. List all the factors that can influence the price of an option
3. Mastering the risks associated with option trading (the Greeks)
4. Adopt an options trading strategy
5. Select a stock exchange to place your trades
6. Choose the duration of your positions
7. Configure your stock market / trading orders
8. Keep an eye on market fluctuations

Options Trading in Morocco Step 1: Mastering Option Trading Vocabulary

Here is a non-exhaustive list of terms specific to option trading that you must know:

• In the money is an expression used to describe the situation in which exercising an option is profitable for the trader.
• At the money is a situation in which there is a tie between the strike price and the market price of the underlying.
• out of the money qualifies an option that results in losses on the expiration date.
• Holder is the buyer of an option
• Strike price is the price at which the option holder can sell or buy the underlying asset
• The signatory is the seller of an option
• Expiration date is the date on which the right to buy or sell ends.
• Premium this is the sum given to the signatory by the holder to obtain the option.

Options Trading in Morocco Step 2: List all the Factors that can Influence the Price of an Option

• The volatility of the underlying market. The higher the market volatility of the underlying, the higher the option premium.
• The level of the underlying market. It allows to determine in what probability the option will expire in the money.
• The time remaining before expiration. The shorter this time, the more the option loses its value.

Options Trading in Morocco Step 3: Mastering the Risks of Option Trading (the Greeks)

Each option trading risk corresponds to a letter of the Greek alphabet. This is how you have:

• rho, which indicates the change in the price of the option following a change in interest rates. It can be positive or negative;
• Theta, which measures the value of an option over time;
• Delta, which measures the effect of market fluctuations on the value of an option;
• Vega, measures the sensitivity of the option price to the volatility of the underlying market;
• Gamma, which measures the sensitivity of the delta to changes in the underlying asset.

What is the Salary of a Trader in Morocco?

The salary of a beginner salaried trader in Morocco varies between 8 and 000 dirhams (excluding bonuses) monthly. More experienced Moroccan traders earn far more than that. Anyway, the remuneration of a salaried trader depends on the institution for which he works, on his profile, etc., and above all on his performance. Indeed, a Moroccan trader receives in addition to the base salary bonuses or bonuses that can be worth up to 15 times his base salary, or even more.

What are the Differences between Investment and Trading in Morocco?

• Time. The time horizon for holding assets or positions in investment is long term, while trading is practiced in the short term.
• The risk. The risk associated with investing is lower compared to trading. Maintaining positions for the long term can generate fewer losses, unlike positions held for a very short period.
• The profitability. Trading is potentially more profitable (especially since it is more risky), unlike investing, which remains profitable, but less than trading.
• Leverage. Leverage is recommended for short-term positions (trading) and not recommended for long-term positions (investment). It is important in the short term, because it allows you to take advantage, from small sums, of weak market movements that appear in the short term.
• Funding. Trading can be done with a low minimum capital; while the investment requires a large initial fund, in order to generate a significant return in value, because the return is low in percentage over the long term.
• The steps. Trading is suitable for volatile markets (currencies or Forex and the many CFDs that exist); the investment is more suitable for less volatile assets (bonds, ETFs and stocks).
• Knowledge and types of analysis. To invest in a market, it is necessary to have extensive knowledge of finance and economic analysis; also, fundamental analysis is more important. On the other hand, in trading, it is the technical analysis of the assets which is more important, since the positions are generally held over the short term, which does not however exclude the mastery of the fundamental analysis of the assets.

What are the Differences between Salaried Trader and Independent Trader in Morocco?

• Salary. The independent trader has a variable remuneration, which depends on the profits made on the market. The salaried trader is remunerated by a financial institution. His salary is determined by his employer.
• University degree. The level of education is important to practice as a salaried trader or professional trader. This condition is not mandatory for the independent trader who is most often self-taught.
• The capital. The funds used by the salaried trader are provided by his employer (bank or stockbroker), while the home trader uses his personal money to trade the financial assets.
• regularity of income. The salaried trader has a base salary that does not depend on the results achieved in the market. The income of the independent trader will vary according to his performance in the market.
• Bonuses. The professional trader can get bonuses, depending on the profits he makes in the market. This is not the case for the particular trader who does not get any bonus.
• Work place. The workplace of the salaried trader is fixed, unlike that of the home trader who is free to work wherever he wants.
• The choice of strategy. The salaried trader adopts a strategy in the interest of the clientele; However, the independent trader exercises for his own account. The work of the salaried trader is supervised by a line manager.
• The cost of training. The training of a salaried trader is more expensive than that of a freelance trader. The salaried trader spends long years of university study to practice. This is not the case for the independent trader who can benefit from free and shorter training.
• Loneliness. The salaried trader works within a team in which he can interact with other employees. The home trader is the only one to decide, he does not benefit from a framework.
• Hierarchical pressure. In the event of poor performance by the salaried trader or a crisis in the market, the latter may lose his position. The independent trader is not subject to this pressure, because he operates on his own account.

Who can Do Home Trading in Morocco?

In Morocco, home trading is open to anyone initiated into trading. Anyone who operates on their own account does home trading. This activity requires a good mastery of the fundamentals of trading (types of market, graphic analysis, technical analysis, etc.).

Home traders are most often self-taught, who train themselves with the tools found on the web (tutorial, seminar, E-book, practical guide, video trading, etc.).

Trading Morocco: When do we Realize Profits or Gains on a Trade?

• When you open a buy position at one price, and close that position at a higher price.
• When you sell (short) an asset at one price, and the price of the asset drops when you close your position.

Example of Trading in Morocco with Gain on Buy Position

For example, you buy an asset at 20 DH, the price changes and when it reaches 30 DH you close your position. You then make a profit of 30 DH (price at the closing of the position) – 20 DH (price at the opening of the position) = 10 DH per unit of assets.

Example of Trading in Morocco with Gain on Short Position

For example, you expect the price of an asset to fall; then, instead of buying it, you sell it (even without holding it), this is short positioning for CFDs or short selling for the underlying. You therefore open a “sell” position (sell order) on this asset, when it is worth 165 DH. The price of the asset actually drops and stands at 140 DH. You close the position and thus make a profit of 165 DH (opening price) – 140 DH (closing price) = 25 DH per asset.

Trading in Morocco: When Do You Realize Losses on a Trade?

• When you open a long position at one price and close at a lower price
• When you sell (short) an asset at one price, and the price of the asset increases when you close the position

How much does trading in Morocco bring in?

It is not easy to quantify the gains of an independent trader. These gains vary according to several factors including the time spent trading, the market, the strategy, the asset traded, the capital invested, market fluctuations, the profile of the trader, etc. In general, to obtain a considerable income from trading, you must have patience, be diligent and have a good command of analysis tools.

How Much Time Should You Spend on Trading in Morocco in 2024?

The time to devote to trading depends on your availability and the trading strategy you adopt. If you do not carry out any other activity apart from trading, it is preferable to take a position during the opening hours of the markets. This period is characterized by high activity. Euronext, for example, opens at 9 a.m., while Wall Street opens around 00:15 p.m.

If, on the other hand, you carry out another activity apart from trading, you can take a position overnight on certain markets; like the American market which remains open until 22 p.m. Certain technological advances (automatic trading features, alert systems, etc.) allow traders to trade only a few hours per week.

What are the A's?vantages of Trading in Morocco?

• Financial gains. Trading is a profitable business. If you are diligent and persistent in your work, you can earn enough money to support yourself.
• Money saving. To trade, it was essential to use a traditional financial intermediary, which generated additional expenses. Today with the proliferation of online brokers, online trading is no longer the preserve of wealthy people. Competition has driven down costs in the market.
• Absence of intermediary. Before the advent of the Internet, it was essential to go to your banker or to a brokerage firm to place your orders. Today, the process is dematerialized. You can communicate your orders to your online broker or take a position directly on the market, via an automated application.
• Training and advice on online trading. There are a large number of websites that offer training offers on online trading. Some of these training courses (written content or videos) are accessible at low cost. In addition, you can also take advantage of the opinions of professional traders and the analysis tools available on the platforms of certain online brokers.
• Full control over your operations. Online trading gives you the possibility of having absolute and real-time control over all of your positions. You can thus decide to stop a trade or let it evolve according to your ambitions.
• Direct access to markets. Internet trading gives you direct access to the financial markets. You can place your orders at your convenience and monitor your trades at any time. You can also trade on certain markets (Forex) permanently 24 hours a day.
• Flexibility in schedules. If you carry out another activity apart from trading, you can for example place your orders or monitor your positions in the evening. Some brokers give you the possibility of registering your stock market orders which will be executed the next day.
• Buy and sell positions. Trading allows you to position yourself for buying or selling. Thus, you can take advantage of bullish movements as well as bearish price movements.
• Access to a demo account. The demo account makes it easy to learn. The beginner trader familiarizes himself with the software and tries out trading strategies before embarking on real money trading.

What are the Disadvantages of Trading in Morocco?

• Risk of bankruptcy or loss of money. Trading is an activity that involves opportunities for gains and risks of bankruptcy or non-return on investment. Bankruptcy can come from: market volatility, leverage, political risk, sector risk, etc.
• Risks of scams. You must remain vigilant when it comes to choosing a broker or trading platform. Several scammers have developed systems to steal your money. It is recommended to be well informed about the platform before launching.
• Leverage. Leverage is a mechanism that can cause huge losses to traders. It also puts enormous pressure on the trader, which can degrade his emotional interventionist state or non-interventionist state or even his mental health.
• Inflexibility of trading robots. Trading robots execute your orders. They do not have the ability to think for themselves to optimize your positions. They are not programmed to adjust traders' positions in the event of a market reversal.
• Online trading requires long hours of learning and analysis. This can generate enormous stress for traders. Excess stress degrades the health of the trader, causing for example, lack of concentration, high blood pressure, etc.

Trading in Morocco: How to Avoid Scams?

• Avoid overly attractive offers. Beware of offers from trading platforms, which promise wealth after a few days of training. Most of these platforms are scams. They offer you high interest rates to better attract and rob you. Be aware that a high interest rate is associated with a huge risk.
• Check broker information. Before embarking on Islam trading in Morocco, make sure that the broker of your choice is recognized by the Moroccan financial market regulatory authorities. Check your license, head office, contacts, etc.
• Avoid any rush. Take sufficient time to think before taking a position in the market. Do not always rely on the tips and tricks offered on halal trading platforms. Proceed with your own analyzes and strategies.
• Read the list of fraudulent brokers proposed by the AMMC. The financial market regulatory authorities in Morocco offer a list of all prohibited sites or trading platforms. It is profitable for you to consult this list before choosing your broker.

How to Protect Your Trading Positions in Morocco?

Stop loss is a market order that allows you to protect your positions against volatility or rapid market fluctuations. The amount of the stop loss can be expressed in absolute value (the loss or gain on each trade is capped at an amount, for example 50 DH per trade) or as a percentage (for example 2% of the account value).

It allows you to indicate the price at which you want to close your position when the reversal of the market is not in your favor. It is up to each trader to determine the stop loss level or price.

There are mainly two types of stop loss orders:

• Stop Buy

The buy stop loss price is higher than the market price. Your position will be closed when the price drops to the set stop loss price.

• Stop Sell or Take Profit

It is set below the current market price. You are in a long position and you speculate in favor of a rise in the price of the asset. This stop loss helps you hold onto your gains, when the price goes up.

Trading Morocco: How to Limit Your Losses?

• Fix the share of capital to be risked. Trading is also accepting to lose. You need to know what proportion of the capital you want to risk on each of your trades. You should not risk 1% or 2% of your account capital.
• Create a pyramid. Pyramiding is a rule that consists of strengthening your positions in the market, whenever the fluctuations are in your favor.
• Upgrade your protective stops. To limit your losses, it is necessary to change your protective stops, each time the market price is at yourvantage.
• Set the conditions for your release. You must prepare for your exit, either when your objectives are achieved or when price fluctuations are no longer to your liking.vantage.
• Find a general balance between return and risk on your positions. This ratio allows you to ensure that your gains remain greater than your losses. In general, the acceptable ratio is set at 2.
• Diversify your positions. To reduce risk, trading experts most often recommend diversifying your positions. Investing all your capital in one position can lead to bankruptcy. Diversification helps you reduce your losses, if market fluctuations are against you.
• Develop and follow a trading plan. The trading plan indicates the behavior to be adopted by the trader. It includes, for example, your conditions for opening and closing positions, the maximum amount of each trade, your financial objectives, etc.
• Perform a chart analysis before taking a position. Graphical analysis allows you to anticipate certain variations that are favorable to you. It is also a great tool for spotting areas of resistance and support that are likely to reappear in the future. This information helps you place your trades better (minimizing risk) in the market. Chart analysis must be combined with fundamental analysis.
• Avoid assets with high leverage. Leverage is not recommended for novice traders. If you want to take advantage of this mechanism, make sure you have secured a good part of your capital and have developed an effective trading strategy.
• Avoid any haste in your entry/exit positions. Don't get carried away by your feelings. Think long and hard before making your decisions. Do all the necessary analysis before placing your trades.

With what assets can we trade in Morocco in March 2024?

• Forex / Currencies. Forex is the most liquid market. Moroccan traders can trade (buy or sell) several currency pairs, including: major pairs (EUR/JPY, CAD/USD, etc.); minor pairs (AUD/EUR; AUD/JPY, etc.); exotic pairs (AUD/SGD; NZD/SGD, etc.). Vantage FX is currently the best halal broker for Forex trading.
• The actions. Stocks are financial assets that pay dividends to their holder. The holder of a share owns part of the capital of the company. There are countless numbers to trade. DEGIRO is the best address for stock trading.
• The obligations. Moroccan traders can also subscribe to government or large corporate bonds. A bond is a debt instrument that entitles you to repayment at a later date in exchange for an interest rate. If you want to trade bonds, then trust the best broker in this area which is DEGIRO.
• Raw materials. Several commodities are considered safe havens by traders. For example, you can trade the following materials: gold, diamonds, copper, oil, wood, coffee, gas, etc. Vantage FX is currently the best broker to trade commodities with.
• ETFs. Trackers help you make investments in a group of stocks specific to an industry or geographic region. If you want to trade ETFs, then go through the best broker in this area which is DEGIRO.
• The clues. Trading indices allows you to diversify your portfolio and minimize risks. Popular indices are: S&P500, CAC 40, DJI30, NQ100, DAX 40. PUPRIME et Vantage FX are excellent brokers to trade indices with.

Which Trading Style to Choose in Morocco?

• Scalping. Scalping is a very short period trading style. Positions are open during the day for 1 or 5 minutes. Scalping is recommended for experienced traders. It allows you to generate small profits on multiple trades. The level of risk is higher than that of day trading.
• Day Trading. Here the positions are kept over one day. It is a recommended style for novice traders. The trader's positions are fewer compared to Scalping. Positions are open for 15-30 minutes. You must stop your losses as soon as they approach 10% of your capital.
• Swing Trading. Swing trading is largely based on fundamental analysis. It is adopted by traders who wish to hold their positions over a long period (several days). The goal is to identify and take advantage of the best market trends.
• The investor's strategy. The investor is prepared to hold positions for several years. He is more attracted to assets like stocks or bonds.

What are the Trading Strategies in Morocco in 2024?

• Hedging. Hedging is a trading strategy that can be used on any type of market: stocks, commodities, currencies / Forex, indices, etc. It allows the trader to protect his positions against market risk. The trader thus fully or partially hedges his positions against price fluctuations on the market. The disadvantage is that it does not allow the trader to generate gains. This may involve buying options (call or put) on the assets held, opening a sell position on an asset for which a buy position has already been opened, etc.
• The Pyramiding. Pyramiding consists of limiting your losses by maximizing your profits on a large number of positions. It also consists of changing the protection stop depending on market fluctuations.
• The carry trade. The carry trade is popular with Forex traders and professional traders. Traders who use this strategy generally have significant capital. The principle is simple, the trader buys a currency with a low interest rate, which he resells against a currency with a higher rate. The goal is to earn a gain on the difference in currency interest rates.
• Contra trend trading. Countertrend trading consists of the trader positioning himself against the market trend, hoping for a favorable turnaround in his positions.
• News trading or trading on economic announcements. Ad trading is recommended for experienced traders. It consists of placing your positions according to economic news. Economic announcements influence price fluctuations in the market.
• Trading with obliques. Trading with obliques is considered the simplest trading strategy. It requires a thorough analysis of market trends. The goal is to spot short-term upside and downside moves. Thereafter, you must join each vertex, in order to capture favorable movements to take position.
• One trade per day per asset. It is a recommended strategy for novice traders who want to save their capital. The principle is simple, the trader selects several financial assets. Among these, he chooses only one, on which he will take a stand.
• Directional trading. Directional trading involves taking a position based on the market trend. In other words, if you trade commodities, for example, you position yourself to buy when the price drops and to sell when the price rises. You thus obtain a gain on the difference between the buying price and the selling price.
• Arbitration. This strategy aims to take advantage of price differences recorded on stock exchanges for the same financial asset. It therefore consists of buying and selling two identical financial instruments at the same time on different markets. The trader wins by selling the more expensive asset to buy the less expensive asset.

What is the Best Trading Strategy for a Beginner in Morocco?

The best strategy for a beginner trader is one that allows him to generate gains over the long term. The beginner trader must therefore choose the trading strategy that best suits his objectives and profile.

He must also take into account the time horizon and the type of financial assets he wishes to trade. A trading strategy can be effective over half a year and generate losses over a year. Similarly, a trading strategy can make you win in the stock market and lose money in Forex.

How to Choose a Trading Broker in Morocco?

• Legitimacy. A good broker must be recognized and certified by local regulatory authorities. The goal is to avoid getting scammed. In Morocco, the government regulatory authorities are: AMMC, the Exchange Office and the Moroccan Central Bank (Bank Al-MAGRHIB).
• Brokerage fees. They vary from one broker to another and take various forms: spreads or commissions, but also overnight fees and others. Either way, the ideal is to opt for the Moroccan broker with the lowest fees; but it is better to look for consistency between the fees and the broker's offer/services, because low fees associated with a poor offer are detrimental.vantage of the trader.
• Education/training content. A good broker provides its clients with a large number of training tools to help them make their trades profitable. Most often brokers offer the following tools: webinars, video tutorials, news and many other means.
• Demo account. The demo account helps the novice trader to get acquainted with the world of trading. The experienced trader takes advantage of the tool to perfect his trading style. A good broker offers you a demo account with which you can trade substantial virtual capital without time constraints.
• Selection of financial instruments. The diversity of the financial instruments offered is an important criterion in choosing a broker. The instruments offered must comply with Moroccan regulations on trading and numerous enough to give you great possibilities of choosing your assets: stocks, forex, commodities, indices, bonds, as well as instruments specific to Islamic finance.
• Customer service. Traders need constant support to better understand how trading platforms work. Customer support should be responsive enough to provide answers to traders' concerns.
• Trading platforms. It is imperative for the trader to check that the trading platforms offered by the broker are state-of-the-art and offer the useful features that he needs. Reliable brokers offer trading platforms such as MetaTrader 4,5, ProRealTime, WebTrader, ZuluTrade, DupliTrade, etc. The following criteria should guide your choice of trading platform or software: features, ease of handling / manipulation, transaction costs, security, fluidity.

What are the Trading Tools in Morocco?

• The economic calendar. The impact of economic news on market fluctuations should not be overlooked. It is advisable to learn about economic news that can cause significant volatility in the market. This information guides the choice of positions.
• The trading software or platform. Trading software is a tool that gives you access to the market and helps you place your orders and implement your strategy. Brokers offer you several trading software (MetaTrader 4,5, ProRealTime, ZuluTrade, etc.).
• Index calculator. The Index Calculator is a tool that helps you minimize the risk of your positions. It is an indispensable tool for forex traders and index traders. This tool shows the value of gains and losses made on your positions.
• Market analysis software. It is an indispensable trading tool for the technical analysis of the markets. It allows the trader to anticipate the evolution of prices from their history. Thus, it helps you to detect the best times to position yourself for buying or selling.
• The Screener. The screener is a filter that facilitates research on a trading site. It saves you time. You must configure a maximum of elements on your search, in order to obtain a maximum of information.
• The earnings simulator. The Gain Simulator is a tool that helps you determine the future profitability of a trade. It allows you to determine the time needed to achieve your goals. It is also an opportunity to discover how the markets work and to identify profitable strategies.
• The trading journal. It is a document that clearly lists the performance history of your trades. We must find there, for example, the financial instruments, the size and the direction of the positions, the motives for your exit, the date and time of opening and closing of the positions, etc.

How to Close or Close a Trading Position in Morocco?

• Login to your trading platform
• Select the open position (among your positions) to close
• Click on “Close” or “Close”
• Terms of validity

What Skills Do You Need to Have to Become a Trader in Morocco in 2024?

• Control of emotions. Trading is a stressful activity. You have very little time to decide on your positions. It is necessary to know how to control your emotions to avoid common mistakes that could make you lose money.
• To make money from trading, you have to be rigorous with yourself. Set and respect your trading time. It is by being diligent and rigorous that you can potentially achieve good performance on the market.
• Math knowledge. Being comfortable with numbers is important for the trader. It is an activity that requires a mastery of data analysis techniques, probability calculation and graphical analysis among others.
• Reason must drive your actions. Always take time for reflection and analysis before acting, in order to make good choices at the right time. Economic news can also guide you in your thinking.

What are the basics to master to start trading in Morocco?

• Know the regulations. Trading is a regulated activity in Morocco. Several organizations monitor and control the activities carried out on the financial markets. Before you start, you know the rules to follow in terms of halal trading in Morocco.
• Master the language of trading. It is important to master the vocabulary of trading before you start. It is an effective technique to easily understand trading and how it works. You must therefore familiarize yourself with all the terms, abbreviations and expressions used in the field of trading.
• Understand how markets work. Trading is done on stock exchanges. It is therefore essential for a beginner trader to understand how the markets work, to better carry out your transactions.
• Learn about the types of financial assets offered. Knowing the financial instruments to which you have access to the market is essential. Each financial asset has its particularities. You need to know and identify those that are potentially profitable for you.
• Learn about brokers. Brokers allow you to access the market (through their trading platforms). You must understand how they work, their prices, the tools available, the financial products offered, etc.
• Master the operation of trading software. Novice traders should familiarize themselves with the trading software offered by halal trading brokers in Morocco. This is why most brokers offer demo trading accounts, to help traders understand how trading platforms work and to practice before starting.

How to Become a Good Moroccan Trader? 10 Tips

• Choose your broker wisely. Choose a broker recognized by renowned regulatory authorities. Your broker must also offer comprehensive trading tools, a wide selection of financial products, as well as competitive prices and spreads. To avoid wasting too much time checking on the many brokers that exist, simply opt for Vantage FX, which is the best broker for trading currently.
• Develop and stick to your trading plan. The trading plan should guide your behavior and decisions. It should also clearly state your purpose. Your trading plan should help you minimize your losses.
• Carry out your actions while respecting your trading plan. Your every action should be guided by your trading plan. Failure to comply with this could lead to poor performance. Do not let yourself be influenced by certain indices or miracle indicators.
• Apply Money Management rules. Money management is a set of rules that allow you to limit your losses or better manage your risks. One of its rules is not to spend more than 2% of your capital on a single position. See the other rules and apply them.
• Use leverage with care. Leverage is a mechanism by which traders multiply their position sizes, and therefore their possible gains, but also their possible losses. This tool involves a high risk and must be used according to the degree of risk tolerance of the trader and the good control of his stakes.
• Always set a protection stop level. It is important for a trader to know how to limit his losses. Several techniques allow you to limit your losses in trading, and the most popular is the protective stop. The stop loss automatically cuts your losses when they reach a certain level (that you indicate) on your positions. It is essential for all trader positions.
• Avoid trading multiple financial assets. It is not prudent for a beginner trader to embark on diversification (contrary to the case of the stock market investor for whom the diversification of his portfolio is essential). You need to focus on one asset or asset class to be most effective.
• Control your emotions. A good trader is also a person who knows how to manage his emotions. Don't rush into decisions. Take time to reflect and observe to capture the best opportunities. Do not put qualms in your decisions when it comes to trading.
• Protect your trading station. It is necessary to protect your devices against possible power cuts. Also choose a high-speed internet connection for smooth browsing.
• Regularly follow training courses on trading. Trading like any profession is learned. Continuing training helps you to regularly gain knowledge and improve. You have a large number of training tools, free (book, tutorial, etc.) or not, to understand trading.

How to Trade in Morocco like a Professional in 2024?

• Learn and use automatic trading and Expert Advisors. Automatic trading allows you to save time, avoiding long hours in front of your screen. The trading software automatically identifies buy or sell signals and opens your positions. Then, an Expert Advisor helps you configure your protection Stops.
• Follow the news constantly. Prices on the financial markets are sensitive to the political, economic, etc. environment. This is why it is necessary to be constantly informed in order to better anticipate market fluctuations.
• Use leading indicators. Professional traders need sophisticated indicators to better capture buy and sell signals. These indicators help the pro trader to ensure the continuity of the trend or to quickly detect a possible reversal of the market.
• Join a social trading group. Although trading is considered a solitary activity, you have the opportunity to communicate with other experienced traders. Some brokers have developed social trading to facilitate trade between professional traders (in addition to the ambition to help novice traders).
• Do not improvise your trading days. Trading is serious business. Every trading day must be prepared. You need to set your goals and assess your ability to achieve them. You can thus potentially achieve good performance.