Asking me this question is very disturbing!

by , 21 September 2017
Asking me this question is very disturbing!
• Should I close the trade for a R1,836 profit?

• Is it difficult to trade in Crypto-currencies?

• The best stock broker to trade penny shares
 
Q. Hi Timon, on Tuesday I bought Sibanye Gold for R826. So far, it has made R1,836 profit. Should I close the trade or let it run more? C 

Answer by Timon Rossolimos, Red Hot Storm Trader


Asking me this question is very disturbing C.
 
When you take a trade or investment, you need to have the game plan from the get-go.
 
This means you'll need to know:
~ Where to get in
~ Where to place your risk levels (stop loss)
~ How much money you'd like to deposit
~ Where to get out and place your take profit.
 
I can easily tell you what my opinion is on where the stock is more likely to go, but with investing and trading one opinion is not going to make you a consistent income in the future.  
 
Unless you follow my signals to a t with Red Hot Storm Trader or with Forex Trader. 
 
Think of all the investment greats: Warren Buffett, George Soros, Peter Lynch, Benjamin Graham and so on.  
 
Not one of these men have made their success by asking where to get in, whether to hold or get out of their investments...
 
I'd suggest that you back-test a couple of strategies before you make a living out of this... You will not regret it. All the best in your profitable endeavours.

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Q. Is it difficult to trade crypto currencies and which provider offers such services?
 
What are the risks involved? Are the risks higher than ordinary Stock - or Forex Trading? 
 
Answer by Timon Rossolimos, Forex Trader
 
You could look at a fund who offer crypto currencies such as, INBES through a private equity fund or BitX which is a Bitcoin Exchange.
 
The risks are very different as Bitcoin funds have their own costs, structure and price movements…
 
You'll need to test a demo account with Bitcoin and stocks to see how they differ.  
 
Experience is the only way to be proficient and profitable with new hobbies.

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By the end of this report, I’m certain you’ll agree with me – It’s not what you know, it’s who you know. And you’ll also see that what I’m promising you is not a hoax, scam or swindle.
 
If you were a top broker or big company director, then you’d probably recognise some of what I’m about to reveal. And it’s likely you’d have met some of the influential people I’m about to introduce to you.
 
But, unless you’ve inherited a family fortune or spent many years in powerful financial circles, you’re one of the 99.9% of the people in this country who haven’t been given the opportunity to make money through privilege. 

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Hi I want to invest in penny shares. Which stock broker do you recommend I join? – J 
 
Answer by Timon Rossolimos, FSPInvest.co.za 
 
We have a few brokers that we recommend at FSPInvest.co.za for investment purposes...
 
These are the ones we use for Red Hot Penny Shares newsletter, South African Investor and Real Wealth.

********************************************************
 
 
Which trading platform should I try as a Forex beginner and how much will it cost to open an account? 
 
Answer by Timon Rossolimos, 94 Top Trading Lessons 
 
We have two main FSPInvest.co.za approved brokers that we recommend to trade Forex.
 
They are namely RandSwiss and GT247.com…
 
You can read more about them here.
 
With these low cost brokers, you can start with just R500 to trade Forex, merely enough to fill a small car nowadays.

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Under normal circumstances, if a currency is on a downward or upward trend, what is the maximum number of pips (points) does a currency move in a day? M 
 
Answer by Timon Rossolimos, Forex Trader 
 
The movement in pips on a currency pair purely depends on how popular a currency pair is.
 
a major currency such as the EURO, US Dollar, Japanese Yen, Swiss Frank etc... Have billions of rands traded within each pip movement. 
 
And so, with the high demand, the average range can fluctuate from 50 to 100 pips a day.
 
However, with minor or exotic currencies (much smaller in scale), the demand is a lot less. And when demand is less there is higher volatility.

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