On 20 January 2017 Friday evening, Donald J Trump became the 45th president of the United States.
We saw the markets welcome the transition of power. But we also know the sentiment is fickle as weather.
In today's Trading Tips, and in honour of his inauguration, I want to look at three bearish (downside) trading set ups and one safe-haven gold trade.
These companies may ... ››› more
There are only three topics I'm comfortable to write to you about...
Trading, investing and strategic gambling.
If you understand probabilities and risk management, the world is your oyster with those three topics.
If you want to make a second income trading the markets, you need to know how to tilt the odds in your favour.
And if you want to make a third income at the casino, you need... ››› more
The NFL is one of America's favourite past times.
Now I know you're probably not all too familiar with the game, since we are a proud Rugby nation.
But I know for a fact that any sports bettor is looking for that one edge against the book makers
So from The Winning Streak Team, I want to show you how you can make money from America's favourite sport.
So let's start at the beginning
... ››› more
I need to catch my breath. I'm so amazed at the stupidity I've just read on Twitter.
A new Forex trader bought the Great British pound to the US dollar. And he sent a tweet saying this.
“I just bought the Pound against the dollar and I'm hoping that the Pound goes up now.”
Next, I read a reply from some other trader.
RT: “Don't worry, just think positive thoughts and you'll mak... ››› more
Dear Trading Tips reader,
I was recently in a heated debate about the advantage of doubling up on bets rather than taking them one at a time.
With betting there is ALWAYS an element of risk and uncertainty.
The job of our team is to minimize that risk while maximizing the profit potential for our customers.
And the way we do that is by using parlays to achieve better odds while minimiz... ››› more
Here's a question I got from Tony last week:
“I am new to Trading and having bought your Red Hot Storm Trader Service I am not sure what my loss would be if a trade went sour - I use your example below:
If you buy 10 Sasol shares at R450 per share and at a gearing of 10 times, you'd only have to pay R4,500 (R450 X 10).
So essentially, you're buying 100 CFDs on Sasol.
You'll have an e... ››› more
Dear Trading Tips reader,
I am sure you have heard someone say that you need 10,000 hours of trading experience to master the art.
This is certainly the case for many career options such as becoming a professional golfer, rugby player or even a movie star. But I really don't believe that this is the case for Forex trading. In fact, that really is nonsense as far as I'm concerned!
With the... ››› more
There are literally thousands of technical trading strategies.
They range from complex, signal-generating algorithms to dirt simple “Day Trading Breakout Strategies”.
In fact, a “Day Trading Breakout Strategy” is so simple I can explain it fully in a single sentence:
Here is the strategy in just one sentence!
A “Day Trading Breakout Strategy” tells you to ride daily momen... ››› more
“How much money do I need to start trading for a living?”
You've asked this question before. Maybe when you signed up to MoneyMorning, Trading Tips or when you made your first trade.
How much do you need to start trading for a living? Well, this purely depends on you and the lifestyle you want to live.
Do you want to spoil your spouse and take her to a restaurant once a week of her c... ››› more
Q: "What buy instruction do I give to the broker? This is the first time I'm taking a trade I don't want to confuse the broker or myself" - W
A: I remember the first time I wanted to buy a share on the JSE in 2003, many years ago. The problem was…
I had no clue what to do or what to say to my broker.
Well, if you're a first time trader and you're not sure what to say to your broker, the... ››› more
If you've been reading some of my articles in Trading Tips and MoneyMorning, you'll probably know I'm quite a stubborn trader.
Stubborn with the proven strategy and money management rules I've followed for the last 12 years. Stubborn with listening to the media and opinions of others.
And stubborn with the number of shares I watch on a daily basis.
In fact, I only look at 23 shares to tra... ››› more
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