Back in 2003, I had such ridiculous expectations when I first started out trading.
I thought I could turn R30,000 into R60, 000 rand in just one month. I was at a stage in my life where ego controlled my trading decisions.
Because I had this incredible power to trade on the stock market, I felt like a trading emperor.
I imagined I never had to work another day in my life!
But in th... ››› more
There are so many Forex scams out there promising fast gains and lucrative returns, that when most traders hear the word “Forex”, they immediately think that we're out there to swindle you out of your money.
But at FSPInvest, we don't make promises that we can't keep. So when we say that our Forex Trader service is a great way to make quick gains from trading international currencies, we m... ››› more
Two weeks ago, I attended a business conference at Château de Courtomer in France.
From 8:00 am until 4:30, I attended meeting after meeting in different rooms in the castle.
It was productive for business and it was a wonderful opportunity for Trading Tips as I now have new and exciting ventures I'll be working on for you.
Unfortunately, during this trip. I was hit by the biggest hidden... ››› more
Every week I meet with the FSPInvest team. We usually discuss investment strategies, economic situations and the best investment opportunities on the market today.
Well, this week, things went a little a differently. I realised that many investors are turning to Forex trading as away to make money from the markets. But since this is such challenging investment solution, I decided to find out m... ››› more
Whenever I speak to Timon Rossolimos, the head of the FSPInvest desk, about investing, he does his best to convince me that trading is the best way to make money in the markets.
Now I'm an entrepreneur and a long-term investor. I usually throw a bunch of excuses at Timon while he is trying to convince me to trade.
• “I don't have enough money to trade.”
• “I don't have time to ... ››› more
I thought you may be interested in reading my answers to some of the recent trading questions I received on from traders on our investing club, www.investorsclub.co.za
If you have a question of your own, simply sign up (it's FREE) and ask away. Either I or one of the other FSPInvest experts will answer your trading and investing questions within 72 hours.
Q: How much do I need to make an ... ››› more
In 2014, I warned you about a crash in Bitcoin. Which it did. It plummeted from $800 all the way down to $200.
I told you that I didn't like Bitcoin and that it was on a one way path to destruction.
But over the last two years, things have changed.
Bitcoin is becoming more and more popular as people are relying more on non-governmental influenced currencies.
And now with the downside o... ››› more
In just a few hours turn R500 into R1,405
Discover the different instruments using gearing
Why I like CFD's to harness the power of gearing
The Forex Trader Team, recently sent out this trade to our Forex Trader subscribers: We told them to sell (go short) the Great British Pound to the Australian Dollar at $2.0288 and put their take profit level at 1.9920. Traders could have entered this tra... ››› more
If you've only traded shares until now yet you're considering trading Forex, you may be wondering why you should consider trading the world's currencies.
There are many reasons why Forex traders prefer trading currencies than shares.
Let's take a closer look…
Trading Forex versus trading shares: Longer trading hours
If you trade shares, you can only trade them whilst the stock excha... ››› more
I remember, back in the day, when gold was difficult to trade...
You needed a conversion calculator and a bit of logic.
In fact, whenever you saw a juicy gold trade, you only had one option to trade it. You first needed to look at the gold chart priced in US Dollars. Then choose an instrument that works in British Pounds. And before you got into the trade, you then had to conve... ››› more
What if someone told you that staying out of the Forex market, could actually help you make money?Sounds crazy right? After all, to make money from trading you need to be in the market to buy and sell. However, what if I told you that staying out of the market at the right times could be the best thing to grow your portfolio. How? Avoiding these three events, can save you from a huge loss in your ... ››› more
You've heard it takes 21 days to form a habit and one day to break it. This is a myth. It's always unwise to assign a number in general to everybody.
But I do agree that it can take one day to break a good habit.
For example. Let’s say you stopped smoking for 6 months. And you feel loud and proud as you tell your friends and family. But then New Year’s came and you saw everybody having... ››› more
If you've only traded shares until now yet you're considering trading forex, you may be wondering why you should consider trading the world's currencies.
There are many reasons why forex traders prefer trading currencies than shares.
Let's take a closer look…
Trading forex versus trading shares: Longer trading hours
If you trade shares, you can only trade them whilst the s... ››› more
Being successful at forex trading doesn't just come down to banking a few hefty profits. Much of your success will depend on how well you manage your risk.
So what should you do to manage your risk effectively?
Read on to discover three ways to do it…
Forex risk management tip #1: Use stop losses
Stop losses are great at managing the downside when you trade forex.
... ››› more
If you're new to forex trading, you'll come across a number of terms and definitions that you may be unfamiliar with.
So what are the key terms you need to know?
Read on to find out…
Nine forex terms you need to know
This is the first currency in a currency quote. The base currency shows how many units of the other currency there are in the quote.
... ››› more
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Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.