HomeHome SearchSearch MenuMenu Our productsOur products

The first bunch of trading Q&A for 2017

by , 22 September 2017
The first bunch of trading Q&A for 2017
Welcome to the first Q&A for 2017 dedicated trader.

I see already, you're asking exciting trading questions/.

What is fantastic is that, I can see you want to prepare yourself for good profits in 2017.

I recommend all traders take a read at these questions and answers.

Q. Forex, Penny shares, equity – Which are best for me?

I'd like to start trading for wealth building. What do you advise I start with, Forex or Red Hot Penny Shares or shares?

Answer by Timon Rossolimos:
This all depends on your appetite for risk...

If you're looking for quick returns which you hold less than a week, then Forex Trader is the way to go. You just need to make sure that you follow my very strict money management principles.

For quick returns where you’ll hold for around 3-4 weeks, you can look at trading CFDs using shares on the top 40... Red Hot Storm Trader is the service where I’ll send you high probability trades on these shares.

And if you want good returns where you hold companies over a couple of months, then Penny Shares could be your new favourite investment vehicle...

If you’re looking to invest longer term with blue chip companies, then I suggest you look at Real Wealth. This is one service that’s been able to make 35% returns over the last seven years.

Q. How did you bank 56% gain in four days?

I read through the marketing email received on 2 Jan 2017 and followed the link to "FOREX PROFIT MADE EASY".

You mentioned an SMS alert where you went long LONG (buy) GBP/USD on 20 March 2016 and banked a 56% gain in 4 days.

Could you please explain?    

Answer by Timon Rossolimos:

Say you put R1,000 into your trade, you would have made a R560 gain...

Here’s the calculation.

R560 / R1,000 *100=56% gain on the initial margin (deposit)
And if you put in say R7,000 into your trade, you would have made a R3,920 gain on your portfolio...

In each SMS and e-mail with Forex Trader, I give rules to make sure you never risk more than 2% of your portfolio in any one trade... Trading is a get rich slowly but surely game when you incorporate the correct money management principles.

Q. How do I place a trade using Red Hot Storm Trader?

How do I go about placing the trade tips that are e-mailed and sms'ed to me with Red Hot Storm Trader?      

Answer by Timon Rossolimos:

Two ways you can go about this.

First is to phone your broker and tell them those levels and mention you don't want to risk more than 2% of your portfolio...

Or the second is to go online and place your entry and risk levels on your trader platform.

If you're not sure, I'd suggest you phone your broker to help you set up your trade on their trading platform.

Don’t worry, it gets easier the more trades you place and manage.

Q. How much can I start trading with?

Good day, I would just like to know how much money I can start trading with?

Answer by Timon Rossolimos:

With trading platforms, you can start with just R500.

However, I always recommend you start with a minimum of R5,000 to make it worthwhile. You need to have around R5,000 to buy a couple of stocks, currency pairs and counter any costs that come with buying them.

But if you don't have money to start trading, then I would open a demo account and you can paper trade until you're comfortable with money that you can look at trading with... This way you can practise what it’s like to play with real money in the trading world.

We have a fantastic selection of recommended brokers you can start with. Click here for them.

“Wisdom yields wealth”

Timon Rossolimos
Head of trading, FSPInvest.co.za

PS: Want your question to be featured in the Trading Tips this year? The only way to ask your burning questions on TheInvestorsClub.co.za and keep reading Trading Tips

P.P.S: Over the weekend The Winning Streak Team managed to turn R3,000 into R6,570 on Saturday the 25th of February. Yes in one afternoon they managed to double their money. Click here to join this winning service!

The first bunch of trading Q&A for 2017
Rate this article    
Note: 5 of 1 vote

Related articles

Related articles

Trending Topics