“Timon why don't you be a man and risk 10% per trade?”
“I'm not going to get rich with risking 2% of my portfolio per trade, I'm sticking to 10%”.
I constantly get these snarky emails trying to convince me to change the way I trade.
I don't care about how amazing your trading strategy is.
There are two things I'm going to say.
Firstly, Don't worry about what I'm doing, ... ››› more
Early in the week, I was waiting for a trade to line up. For the entire day, nothing lined up.
There was a moment where I felt trigger happy. I just wanted to take a trade for the sake of taking a trade.
I didn't have a plan for the trade, I just had this urge. You can say I felt a gambling mentality moment.
But because I've been in the market long enough to know better, I saved myself f... ››› more
You see him everywhere.
TV, radio, inbox, books, events, DVDs, Websites, groups, newspapers, social media… You name it.
He's become a house hold name. In fact, he's pretty much family to you. When you meet him, it's like you've known him your whole life!
And his heart is in a good place. Because his passion in life is to do just one thing.
To help and guide fellow novice and expe... ››› more
Let's paint a scenario.
You're at your computer, feeling “ready” to take on the financial market.
You see a trade has lined up and you're ready to buy a position.
You put in your trading levels and push the enter button, which get's you into your trade.
There's no going back.
All of a sudden…
You have this stomach curdling feeling. “Am I about to lose a whole lot of money... ››› more
There are a few things with trading that worry me.
The first is when the internet connection cuts out when I'm trying to get into a trade or when I modify my trading levels.
Second, is when the market environment goes into a sideways range where no matter whether we buy or sell - we lose either way.
And third, is when my subscribers write to me and tell me about the worst possible trading... ››› more
Gold is a funny creature.
When the stock markets perform well, you'll see gold sleeping.
When the economy is stable, the world at peace and there is nothing troubling in the media - it's like gold doesn't exist.
And what I mean by this is that, gold goes sideways.
But right now, as global turmoil rises, North Korea threatens a nuclear war, economies crumble as global debt accelerates a... ››› more
Question by Limo Krafe:
Timon, you have no idea how depressed I am this past month.
I thought I'd try and invest in Bitcoin.
And I had everything ready for the trade of the century.
I had the strategy, the money, the account opened. But then I panicked and froze. I just didn't push that buy button to take the investment.
And today, I look at my account and I look at the Bitcoin chart,... ››› more
• 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 ver... ››› more
About 10 years ago, I gave up with investing. The returns were just too slow for my liking.
And so, trading took over a big portion of my life.
Now as you know by now I'm a trader by heart. But I also understand that I need to diversify my money for the future. Why? Well, it's better to grow my retirement kitty with multiple streams of income, rather than with just one or two.
With the st... ››› more
I've been waiting for this for three years!
If you go look at the JSE All Share Top 40 Index, you'll see it's been going nowhere.
But us traders have been watching a very powerful indicator. This indicator shows us that momentum on the Index is picking up.
And finally, the buy signal has confirmed!
The JSE-ALSI has been lining up for a strong rally. In fact, I expect the JSE-ALSI will ... ››› more
You're lying on your comfy couch watching Billions on TV.
You have your laptop on your lap, eating Big Corn Bites while drinking a beer.
You have your trading platform in front of you and you're taking trades, hoping to make some moola for the night.
Aaaah the life!
If you thought this was a perfect way to trade to your financial freedom, then prepare to be financially... ››› more
Fun times we're living in.
We have two scenarios with oil in South Africa.
Oil goes up in price and the petrol price goes up.
Oil goes down in price and the petrol price STILL goes up.
So clearly, no matter which way the oil price goes, we are still going to pay higher petrol prices.
But there are ways to profit from the oil price, by just using one simple line.
Today I'm going to... ››› more
Let me sum up what I'm about to reveal today…
A report that contains the strategy that I've used for over 13 years to make a second income trading the markets.
And it's all revealed in the Six Forex Profit Patterns report.
I'm writing about it today, because of the countless questions I'm getting in my mail box every week.
Timon what strategy can I use to trade Forex?
• I want to ... ››› more
For years we've been reading some ridiculous gold predictions from experts. And when I say experts, I'm talking about the TOP banking analysts around the world.
“Gold is going to $6,000 in the next three years” “You can expect the gold price to go up 15,000% from here”
At that time gold was trading at $1,719, when these predictions were made. And guess what? Today gold is trading at ... ››› more
Trading your own account and owning a business is no different.
You need to keep track of your financial records to see how your business is performing.
This way you'll be able to monitor and manage it better for your success.
I want to give you a Forex Trading Journal today. So you can keep track of your Forex success in 2017.
Why should you have a Forex Journal with you at all... ››› more
Do you believe that January 2017 is almost over? It feels like yesterday we were celebrating the New Year to come.
And now, we're about to enter February! You know that feeling when you plan to do something and then you postpone it.
Well sometimes we need that kick in the butt to actually do it.
And that's why I am going to present the first Forex 101 Workshop 2017 early in February to g... ››› more
It's been a fascinating journey over the last few weeks.
You've seen why I enjoy trading these currency pairs the most:
Today, I'm going to reveal my fourth favourite currency pair.
Let's get to it…
Currency Pair #4: The Swiss Franc (USD/CHF)
The USD/CHF is an abbreviation for the U.S dollar against the Swiss Franc. This is the official legal t... ››› more
The last few weeks have been filled with public holidays…
And if you were able to spend time with the family, eat, enjoy a few relaxing days on the couch, eat some more and stay away from your computer, then perfect.
I'm going to tell you now…
It can be very disorientating to get back into the swing of trading and work again.
Here's what you should do.
Three steps to ... ››› more
Let's start your year on a profitable note.
I'm sure you hear how many people make resolutions when their year starts.
I want to lose 10 kilograms
I'm going on a lifestyle-change diet
I'm going to save 1/3 of my money this year
These are all great, but let's be honest. Most resolutions last around two months' tops, and then all is given up.
I need you to make realistic and achievab... ››› more
So far I've revealed two of my favourite currency pairs and when to trade them.
Today, we're onto the third fantastic currency pair…
Fantastic currency #3: The Great British Pound versus The American Dollar (GBP/USD)
This currency pair is the fourth most traded currency pair in the Forex market.
Before we go into it, let’s first talk about the stock exchange t... ››› more
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