Sam attended my Forex 101 Workshop last year. On the day, I gave him a profitable Forex strategy I've used over the last 12 years. At the end of the workshop, Sam came to me with the stink eye. He didn't believe it was that easy to make money from the Forex markets. That night he went home with the sole goal to prove my strategy wrong. Last week I got an email from Sam with good news. He told me h... ››› more
To get your year going on a strong note, you first need to set your goals. I've come up with three goals that'll make 2016 your most profitable. But I don't want you to be like most people who just follow their goals for a month, and then go back to their normal routine! No, I want you to focus on these goals as if it's your new business plan. And then stick to them. You'll thank me at the end of ... ››› more
Having a powerful Forex strategy is one crucial element to run a successful Forex career. But if you don't know how much money you need to put in per trade, you're wasting your time. At the end of the day, this is a money game not a Holy Grail game. And so today, I'm going to sum up in just two steps how much money you need to put into every Forex trade you take. Let's begin. Let’s look at the l... ››› more
“You need 10,000 hours under your belt to master a skill” I'm sure you've heard this before.
But a lot of commitment is required if you're looking to be a chess champion, cricket player or even a professional juggler. But I disagree when it comes to trading Forex. I can't think of anything further from the truth.
Here at Trading Tips, it's my passion to make sure you start profiting fro... ››› more
Oh boy! With the new strategies, experts, trading wisdom and products we have for you in store, it's going to be an eventful year. Here at Trading Tips, we like to do nothing more than to improve the service year in and year out. And this year, we have more trading opportunities than ever before. Today, I'm going to give you four FREE resources you can use on your trading journey for 2016. Let's n... ››› more
As technology continues to improve at rapid rates, so does the advancements with trading platforms…
What if I told you that there is an indicator that can show you that the market is showing strong upside. And what if there was a chart that could probability predict even more upside for your trades?
Well if you're interested then listen up...
In technical analysis there are a number of p... ››› more
Before you write down your trading resolutions for 2016, you need to first do something for yourself.
I call it the post-success-resolutions.
This is where you'll jot down your before and after results to see how far you've come in the last year.
It can be as complicated as you want it to be. But I like to keep things simple.
Let’s say my goal for 2015 was to lose five kilograms.
I... ››› more
Five Christmas trading scams - Part 5: Your trading scam questions answered!
Johannesburg, South Africa
Timon Rossolimos, Editor Trading Tips
Dear Trading Tips reader,
What better way to end the Five Christmas trading scams than with your questions answered.
We've had hundreds of questions asked on the InvestorsClub.co.za about trading and investing scams.
... ››› more
First thing in the morning, you grab a coffee and open the newspaper. You scan through the headlines to see what's going on in the world. And then you decide to look at the classified section. In your mind you have that idea. One day there'll be a profit opportunity for you to make a side income from doing what you love. There is one tiny advert saying: Forex Trader wanted: Bank R100,000 a month t... ››› more
When there are opportunities to take someone's money, there are opportunities for fraud. I'm sure you've received a couple of these kinds of SMSs. “You just won R500,000, claim your prize now” “You're our 1,000,000th customer, you've just won R50,000” “Bank 1 million rand from doing absolutely nothing, just fill in this questionnaire” The catch is when you have to put in your banking d... ››› more
It's an ongoing quest trying to find the best broker. You'll always look for the cheapest broker with the lowest costs. But sometimes, finding that “amazing” broker can cost you thousands in the long run. Let me explain.
They will suck cash until you’re broke!
In an enormous market like the Forex market, competition is extremely tight. Brokers have to go out of their way to find the best... ››› more
Forex markets are among the most active and profitable trading markets, in the world. And where money lies, so do opportunities for fraud, profit and manipulation. You need to watch out for those serpent companies out there. Their sole purpose is to generate profits for themselves and for NO one else. And sure business is business at the end of the day. But ethics are also ethics. And when a busin... ››› more
Safe havens aren't what they used to be. There's something in the bigger scheme of things that are causing market irrationality. The JSE is in the red for the year. It opened at 49,764 and today it's at 48,984. And when the overall JSE slumps, so do the big sectors on the JSE, resources, banks, gold and even oil. And I don't mean to conspire, but what if this downside is due to fraud, futures and ... ››› more
The biggest fear you'll experience when trading is the fear of losing money:
· What if your trade goes against you?
· What if you pick the wrong time to enter a trade?
· What if you take your profits too early? The list is endless.
One way to combat fear is to follow a solid trading strategy. A good strategy takes into account risk and reward. As long as you stick with your strategy... ››› more
Last week, President Zuma made an unexpected announcement.
Finance minister Nhlanhla Nene was let off (dare I say fired). And the sad thing is that he has been widely known to do a great job during difficult times. And is probably one of the most qualified person for the job. But as soon as the announcement came out, the rand crashed. It moved from R14.50 to R15.29 to the US dollar in just one h... ››› more
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