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“Thank you Timon - I just made a R1,400 profit from your gold tip”

by , 15 May 2019
“Thank you Timon - I just made a R1,400 profit from your gold tip”
Q. "Timon I am ignorant when it comes to trading CFD's. I understand the basic principles as I have traded Forex before, but I do not know where to find a CFD platform and I don't know what CFDs to trade. Can you please help?"

A. We have two main recommended trading platforms you can use to trade CFDs. You can see them by clicking here.
With regards to what CFDs to trade, you can trade just about anything online nowadays including:  
I understand it can be quite overwhelming to decide which markets are the best to trade CFDs, and so I have a little filter that has helped me create a watch list of CFDs to trade.  
First, I make sure that the markets I trade have the highest volume. 
This will ensure low volatility and high liquidity (flowing in and out of your trades). With the shares listed on the JSE, I look to trade only the top 30 stocks listed on the All Share Index Top 40.  
With Forex I only look at the nine major currencies including the:
Note: To see the full name of each currency pair, you can Google the codes.  
Then when it comes to commodities I personally only trade the main resources such as: Gold, silver, platinum, palladium and oil. I find these markets have the strongest trends  to ride and profit from.  
And with the indices, I find the most traded of the bunch are the indices that make up the major stock exchanges. For example the: 
Dow Jones
FTSE 100 and so on.  
Once you find a handful of stocks that work well according to your trading strategy, then you won't have to stress about looking at the other countless markets you can choose from.  
Now hopefully you'll be able to find the best markets to trade.  
Earn yourself a comfortable second income
and beat the market!
Our elite trading analyst Timon Rossolimos has earned our members 217.91% in gains in just over a month.
You won’t find a winning service like this anywhere else.
Click here to become a member of this ELITE SERVICE.
What a loyal Trading Tips reader has to say:
"Thank you for the tip to buy gold Timon. I just made a R1400 profit." - Cobus R  
On behalf of our Board of Governors, I’d like to invite you to join The South African Investor
Our aim is, quite simply, to protect and expand your personal wealth through the traditional methods of making money…
However, I have to tell you upfront: we can only accept 275 new members this year. We have to limit numbers, and you’ll soon see why…
Q. "Timon the US markets and other international markets have crashed since Trump tweeted and discussed the update on the trade war.  Does this change anything with regards to your rally that you expect to happen for the JSE stocks? Please help as I am losing a lot of money?" 
A. It was quite a surprise when Trump sent the tweet threatening to levy more expensive tariffs on imported goods from China. 
These trade policy threats bring quite a lot of sudden tension with international markets, as investors pull their money out causing a short-term crash. 
If you look at the chart below, you'll see that despite the carnage with the international markets, the JSE has managed to remain above a crucial floor level at 50,500.
As long as this price stays above 50,500, the bullish analysis I made will stand. 
However, if the price does crash below I'll most definitely send an update on the change of trend analysis where we might need to start thinking of profiting with the sell off. Until then I won't allow sudden actions to interfere with my emotions and with my rational analysis.  
One last point. If you find that you're losing too much money to the point where you feel uncomfortable, I'm afraid you're risking more funds than you can financially and psychologically handle.  
I'd consider dropping that risk down to 3%, 2% or even 1% in the future per trade to help avoid your emotions from taking over your judgement with trading. 
With Red Hot Storm Trader, I've written a free guide on how to manage your money more easily when you trade, download it by clicking here.
If you have any other trading questions I'll always be happy to answer them. You can email timon@fsp.co.za and you'll stand a chance to be featured in one of our Trading Tips articles.
“Wisdom yields Wealth”
Timon Rossolimos,
Analyst, Red Hot Storm Trader

“Thank you Timon - I just made a R1,400 profit from your gold tip”
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