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How much do I need to make an additional R5,000 a month trading Forex?

by , 26 May 2016
How much do I need to make an additional R5,000 a month trading Forex?
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 additional R3,000 – R5,000 per month from trading

 
I have a very weird question but hopefully you can help me.
 
In order to make an additional R3,000- R5,000 per month by following your Forex strategy, approximately how much do I need to invest to begin with.

A:  This is certainly not a weird question...
 
It all depends on your portfolio value and the number of winning and losing trades you expect to take a month...
 
I've created a forex calculator where you can put in all of your… Read on by clicking here.

Q: Will R10,000 be enough to trade Forex and leave my day job?

 
I have R10,000 to put down to trade forex.
 
Will that be enough to help me leave my day job after 6 months?

A: Here at Trading Tips, I like to be realistic with trading.
 
Building an income trading should be only for a 2nd or 3rd income. You never start out with trading as your first income...
 
Here’s why…

Q: Are ETFs better suited to me than Unit Trusts?


I am thinking about investing in ETFs instead of Unit Trusts.
 
What are the benefits of investing in ETFs? And are they better suited to me than Unit Trusts?     

A: ETFs are regulated on the exchange
 
This means, you won't have to worry about extra costs companies add onto their Unit Trusts....
 
Here’s why you should trade/invest in ETFs over Unit Trusts…

Read on for the rest of the answer here.

Q: How much money do I need to start trading Forex?


I want to start forex trading. I’m still a Forex rookie, so l want to know the minimum reasonable starting capital.
 
l also want to register to get trading tips from you so l want to know the brokers that you recommend and how l fund my account.
 
A: You can get started with practically anything really

 A mere R500 or R1,000 is more than enough to try out the market... Read on

If you have any trading questions that will help you achieve even greater trading success, log onto the www.investorsclub.co.za … It’s free and ready for you right now!

Always remember,

“Wisdom yields Wealth”

Timon Rossolimos
Head of Trading, FSPInvest.co.za



How much do I need to make an additional R5,000 a month trading Forex?
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