This week has been fascinating!We found out that Scotland has decided to stay married to the United Kingdom.
And so, no independence for old Scotty!And while we're talking about rocky marriages, Heineken decided to reject the buy-out offer from SAB Miller because they want to keep their brand in the family.
In fact, I wrote an article on Money Morning on how my Red Hot Trader's banked more profits than they should've, all because of this buyout!You have to read it or you could miss your next big profit opportunity.
And finally, this month is heritage month where we celebrate our cultural heritage as South Africans…
And not only am I feeling the pride about our heritage, but so is Lucky Skosana as he delves into how Heritage day has made him a better Forex trader.
So if you missed any of these exciting happenings and the video for the week, then click on the links below!... ››› more
Since a poll released last weekend showed that the ‘Yes' vote was marginally ahead of the ‘No' vote in the run up to the Scottish referendum, the pound and UK-listed stocks have been under pressure.
Yesterday, Scotland went to polls, and this morning it emerged that Scotland voted ‘No' to independence.
The market's relief saw the pound rally and the FTSE rise this morning.
Let's take a closer look…... ››› more
I remember my childhood days like they were yesterday: Summer meant long road trips, cold ice cream, camping trips, park rides, and lots of outdoor games.
These days, summer means irregular volatility, thinner liquidity, and higher margins for me. (And cold ice cream, still got to have ice cream.)
Liquidity tends to choke up in the summer, because this is the time of year when stock traders, fresh from the earnings season, usually book their profits and ditch the trading floors for powdery white sand beaches.
Since the currency market is closely tied to the equities markets, it's no surprise that we also see our Forex liquidity dry up in the summer. Among other things, this usually results in irregular volatility and higher margins.
But don't worry! Here're four strategies that you can add to your toolbox for next few slow, hot months:... ››› more
Yesterday, along with the Reserve Bank's announcement that it was keeping interest rates unchanged came some unexpected news.
Gill Marcus won't be returning for a second term as the governor of the central bank.
The news sent the rand markedly weaker.
Let's take a closer look…... ››› more
If you're like most people, you lack advanced financial planning skills. You've learned the basics of money management on your own. Or perhaps you've never even given money management much thought until now.
Whatever your age, you must understand that your current financial situation depends on the choices you have made in the past, just like your future situation depends on the choices you are making today.... ››› more
This afternoon, the Reserve Bank revealed its decision to keep interest rates unchanged.
The central bank made this decision in spite of an uptick in consumer inflation last month. Its focus is to help economic growth.
Let's take a closer look at the Reserve Bank's decision…... ››› more
Do you consider yourself a big spender although your budget doesn't necessarily allow it? If you costantantly find yourself spending more than you had planned and exceeding the budget, then it's time to pause and reflect.
Maybe you don't even realize that you have a spending problem - you just think that money is never enough.... ››› more
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