How To Make Money In One Hour in South Africa

Last updated on March 14th, 2023 at 08:54 am

This blog post is based on the premise that you can make money in one hour in South Africa if you know how. 

It talks about all the different ways to generate revenue quickly and easily. If your goal is to make money fast, this article will help provide some ideas for how to do it!

Disclaimer;

This is not financial advice. 

The first idea on how to make money in one in South Africa is trading online.

Don’t worry, I will show exactly what you need to do to increase your chances of making money in one hour in South Africa.

1). Join Olymp Trade

What is it? Olymp Trade is an online trading platform that offers to trade in Fixed Time Trades (FTT), commodities, stocks, indices, and Forex. 

It is one of the most user-friendly platforms out there, with an intuitive interface and great customer service.

How does it work? 

Olymp Trade allows you to trade assets by predicting whether the price of an asset will go up or down in a set time period. 

You can start with just $10, and there are no commissions or fees.

Why should you try it? 

Olymp Trade is licensed and regulated by the International Financial Commission (IFC) and headquartered in St. Vincent and the Grenadines, so you can be sure your money is safe. 

Plus, they offer a wide range of assets to trade and an excellent mobile app to make money online in South Africa.

If you want to try out Olymp Trade, they offer a free demo account so you can practice before you start trading with real money.

Now, here is how to make money in one hour in South Africa using Olymp Trade.

To do that, you need to place a Fixed Time Trade (FTT) in South Africa. And I am going to show you how.

How to place your first fixed time trade on Olymp Trade 

What is FTT?

Fixed Time Trade is when you bet on the price of something. You decide how much you want to trade. The price will either go up or down from the starting point, but if it goes down, you can’t lose more than what you traded.

And with that strategy, you can make money in a matter of minutes in South Africa, leave alone hours.

Better part?

Olymp Trade offers this kind of trade.

What you need to start trading in Olymp Trade in South Africa

Before you trade at Olymp Trade, you need to open an account. 

You might already have one. But if not, follow this link and open one free. It comes with $10,000 virtual money for practice.

Once you have an account, go ahead and log in.

You can log in using the email and password you created when you signed up.

Alternatively, you can use Apple, Facebook, or Google account to log in to your Olymp Trade account.

Once you are logged in, this is what you will see:

What you need to do now is to make it easy for you to make money in one hour in South Africa.

First, we will change the type of chart. To do that, locate a button on the bottom-left of your screen (look at the screenshot above).

Select it and click on Japanese candlesticks.

And now, your trading chart will look awesome like below;

a). Pick an asset

Now, to make money in one hour in South Africa, the first thing you need to do is pick the asset you’d wish to trade.

To do that, click on the number (1) as pointed on the screenshot below.

Here, you will find a number of assets you can trade and make money in minutes in South Africa.

Next, make sure Fixed Time is highlighted. This means that you will be able to trade FTT on Olymp Trade AND make money in one hour in South Africa.

Which asset should I choose?

Well, you can pick any, from currency pairs to crypto.

But for this tutorial, we will be using EUR/USD currency pair.

So click on it and it will be added to your trading chart.

You might be wondering that number, 82% means.

Well, it shows a possible rate of return. 

It tells you how much profit you stand to make if your prediction turns out correct.

And based on this, you can pick your trading assets that offer a rate of return of over 80%. 

You can find them by tapping on 80% below the rows.

Now that you have found your asset, YOUR trading area should be like this; green and red bars.

The green and red bars represent the price of the chosen asset at a given time. 

And the ‘time’ is determinable by you.

b). Determine the direction of the market

Your next step to make money in one hour in South Africa is to start trading.

And to do that, you need to determine the trend of the asset you just added to your trading area.

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What is the trend?

In a nutshell, a trend is the general direction of the prices. As such, the prices can be going up (uptrend).

Or going down (downtrend).

Now, sometimes it is easy to determine the direction of the asset’s price by just looking at the chart.

And other times, it takes more than just an eye. You can employ the help of indicators to help determine the prevailing trend in the market.

c). Open a position

Now that you know the prevailing trend in the market (direction of the price, up or down), it is time to open a position.

What is that?

Well, opening a position means entering a trade.

• If the prices are going up, you should enter a buy position
• On the flip side, if the prices are decreasing, enter a sell position

Here is an example;

From the chart below, you can clearly see that the price of EUR/USD is rising;

For this reason, I should open a buy position.

How?

Simple.

Look at the right column on your chart

1. This is where you specify how much you want to invest in a trade. Click on it and type the amount. Olymp Trade allows a minimum of $1. I choose $3
2. This is where you tell the computer how long to trade. When it expires, you either make or lose money depending on whether your prediction was correct or not. I picked 1 minute for my expiration time, meaning that after 1 minute of opening the trade, I will know if I made a profit or lost my invested money.
3. Since I have determined the prices are going up, I will click on the green button (Buy button).
4. This is a sell button. Click on it if you believe the prices are going down and you will enter a sell position.

Now, when you click either of the buttons, two things happen.

One thing that happens when you invest in your balance decreases by the amount of the investment. So if you invested $3 and had $10,000 in your account, then your account would be worth $9,997.

Second, after the specified period has expired, the above balance either remains the same or increases.

How?

Well, your balance remains as such ($9997) if your prediction was wrong. Meaning, you lost $3 you had invested.

On the other hand, the balance will increase by $5.4 if your prediction was correct. Where did it come from?

Remember when we were choosing an asset?

We picked one with an 82% return rate, which meant that for every dollar we invested, we will get additional profit.

Here is the math:

82% of the invested amount + the capital [(82% of $3) + $3] = $5.4.

In this case, $2.46 is the profit.

What happens if your prediction was wrong?

If your prediction is wrong, you only lose the invested amount. Nothing less or more.

And that is how to make money in minutes in South Africa.

To make money in one hour in South Africa, you can either trade 5 minute-candles for an hour or just trade the one hour candle.

If you pick the latter, just switch the candle time to 1 hour.

When you change that, it means one candle will take 1 hour to complete.

This helps you understand the prevailing trend in the market.

Next, change the trade duration to an hour.

This means that it will take 1 hour to know whether you prediction was correct or otherwise.

And after that period has elapsed, you will make a profit or lose the capital invested.

Deposit funds to make money in minutes trading

Would you wish to make money in minutes trading in South Africa? 

Go ahead and create an account on Olymp Trade now. And then deposit funds (minimum $10) into your account.

How to deposit to Olymp Trade in South Africa? 

Click on the Payments button and you will see a window like the one below;

Next, click on the Deposit button;

Input the amount you’d wish to deposit

Choose the mode of payment. 

Olymp Trade has several options such as Bank cards (credit and debit cards), MPESA, Neteller, WebMoney, Skrill, and Bitcoin.

And use promo code if you have one

Finally, click Deposit to finish the process

Wait for some minutes and the funds will reflect in your Olymp Trade account.

Summary

To make money in one hour in South Africa, join Olymp Trade and trade FTT. 

To do that;

1. Choose an asset you’d like to trade
2. Determine whether the asset is going up or down
3. Decide on how much you want to invest in the trade
4. Specify the trade expiry time (1 hour)
5. Open a position (green for buy position, red for sell position).
6. Wait for the trade to expire to see the results. Your account balance increases if your prediction was correct and reduces if you were wrong.

Other ways of how to make money in one hour in South Africa include;

2). Join Upwork

What is it? Upwork is a freelance site that connects freelancers with clients. It has over 12 million registered users, making it easy to find work or hire someone for smaller jobs

How does it work? 

You can sign up as either an employer or a freelancer on the platform. As an employer you post your job descriptions and set a budget for your project. In most cases, clients will hire freelancers from a selection of candidates who have been screened by Upwork’s system

Why should you try it? 

It is one of the largest online job marketplaces out there, and has a wide range of jobs available. You can also use it to look for work if you are a freelancer.

3). Buy and Sell Bitcoin on Binance

What is Bitcoin? Bitcoin is the first decentralized digital currency, also known as cryptocurrency. It was created in 2009 by an unknown person using the alias Satoshi Nakamoto.

How does it work? 

You can buy and sell Bitcoins on exchanges, or trade them for goods or services at various vendors who accept them as payment.

Why should you try it? 

You can purchase Bitcoins through an online exchange or with a broker such as eToro. As the value of Bitcoin is increasing, now could be a great time to invest! Not sure where to start?

Try out Binance now.

4). Start Matched Betting

What is it? Matched Betting (sometimes called ‘matched betting’) is a way to make money online by taking advantage of free bets and bonuses offered on sports events.

How does it work? 

You essentially open an account with two bookmakers that offer the same type of bet, then place your initial wagers so you are guaranteed to break even. After this point, you can take advantage of offers such as enhanced odds or refund bonuses from one or both companies

Why should you try it?

If done right, matched betting allows anyone to turn a profit without any experience in trading whatsoever! The best thing about this form of passive income is that once set up correctly ,it needs very little maintenance 

5). Enter Surveys

What is it? Surveys are a way to make money by providing your opinion on products or services. Yes

How does it work?

You can sign up for survey sites online, then complete surveys in return for cash, vouchers or other rewards.

Why should you try it? Surveys offer an easy way to make some extra money, and many sites have high payouts. It’s also a great way to voice your opinion on the products and services you use every day!

• Make R1,000 Daily in South Africa
• Ways to make R5,000 in a day/weekly in South Africa
• Beginners Guide to Online Trading

6). Sell Products online

What is it? Online marketplaces allow people to buy and sell products through a website, often with the option for an auction.

How does it work? 

You can list your items on sites such as eBay or Gumtree. Sites like Etsy are dedicated exclusively to selling handmade goods online

Why should you try it? 

Selling online allows you access to a large audience of buyers – but also carries more risk as there’s no guarantee that someone will want what they see. 

Conclusion

There are a number of ways to make money in one hour in South Africa online, and these are just some of the most popular. With a little bit of effort, you can start making extra money today!

Try Olymp Trade, registration is free and the demo account comes with FREE $10,000 funds for practice.