Investors (and importers) looking to send funds offshore, should be doing so when the Rand is at it’s strongest and right now is a good time.
Short term traders can make outsized gains by trading derivatives that provide gearing of up to 10 times. A 3.4% move from R14.60 can turn into a 34% gain on margin.
Buy the USD/ZAR below R14.60 for a move above R15.10. Place your stop loss 10c below your entry (R14.50).
________________________________________
Once you own this
Forex Profit Box
I want you to unsubscribe from me forever!
________________________________________
The week ahead:
• Local: GDP (03/12); Current Account % of GDP (05/12)
• Local Results Due: SCD (03/12); VUK, SYG (04/12); AXL, NHL (06/12)
• LDT (03/12): CML, CTA, FBR, INL, INP, MEI, PIK, SPP, SSS
________________________________________
________________________________________
New-Age retirement solutions you need to consider
Do you have an RA policy? Are you nearing retirement? Do you know how your investments are performing? Are you still paying high fees on your long-term savings?
As a leading provider of new generation investment solutions for pre and post retirement, we can reduce your fees by 60% or more!!
To ensure you have the best solution contact Gavin McCarter to set up a free review. Email:
trader@protrade.co.za.