If you've been reading Trading Tips (TradingTipsSA.co.za) regularly, by now you should have:
• Essential trading rules to not blow your trading portfolio
• A few profitable trading strategies to follow
• Tips on how to boost your trading success
But where on earth do you find the money to start using these tips to trade for your
I'm going to address this issue today so yo... ››› more
First, I want to thank you for your questions on the Investors club. Every question you ask, helps me get an idea on what you need to trade more successfully. This year I want to make sure I answer as many of your burning questions as possible. And starting today, I thought we'd address this question from Markus.
“How can I save some money every month to trade Forex?"
Freeing up money to trad... ››› more
You read all about the wonderful profit opportunities that are in the market. And I'm sure in your mind or on paper, you know exactly what shares you want to pile in for the year. But there's still one tiny little thing missing. It's the one thing that salesman, brokers and even your friends forget to tell you about. The four hidden costs of trading. And today, I'm going to break these costs down ... ››› more
A day does not go by where I haven't learnt something about trading.
It's more dynamic than you'll ever imagine.
You see, every year there's an influx of new information feeding the market,
• Political and economical influences
• New opportunities to trade
And with each factor that influences the markets, changes the trading envir... ››› more
I can't think of anything more frustrating than this.
You buy a stock at a low price - the price goes up and hits your take profit. But you still end up taking a pitiful loss.
This happens more often than you think.
Read on to discover how not to make this mistake ever again.
Here’s how a share can go up in your favour and you still make a loss?
Let’s say you buy 11 Sasol stocks ... ››› more
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
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
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