Technical indicators are great when you trade forex to help you spot trends, breakouts and when to take profits. But there is another thing you need to look at.
You need to examine the fundamental factors at work. You need to know what news is going to have an effect on currencies. And when this data is due for release.
So why is keeping abreast of fundamental factors so important? And what ... ››› more
Since a poll released last weekend showed that the ‘Yes' vote was marginally ahead of the ‘No' vote in the run up to the Scottish referendum, the pound and UK-listed stocks have been under pressure.
Yesterday, Scotland went to polls, and this morning it emerged that Scotland voted ‘No' to independence.
The market's relief saw the pound rally and the FTSE rise this morning.
Let's tak... ››› more
Earlier today, Stats SA released the much awaited data on mining and manufacturing output.
Both measures showed steep declines as strikes by platinum and metalworkers took their toll.
Let's take a closer look at what the data showed…
Mining output fell more than expected
On a year-on-year basis, “mining output dropped 7.7%” in July, reports Fin24. That’s worse than the “re... ››› more
The rand has been under severe pressure this week.
On Tuesday, the Reserve Bank's quarterly bulletin revealed the current account deficit ballooned over the second quarter. This led the rand sharply weaker.
Making matter worse for the local currency is a strong dollar. This is putting further pressure on the rand.
And with mining and manufacturing data out today, expectations are that the... ››› more
At the moment, the news is full of a number of geopolitical events. These include the situations in Syria, Israel and Ukraine.
But should you worry about the impact on your portfolio?
Read on to find out…
As an investor, how should you react to geopolitical events?
The short answer is, you shouldn’t react to geopolitical events. And you can see why if you take a look at what’s... ››› more
After decades of working full-time, retirement is the time to relax and enjoy life again.
Everyone has different plans for retirement. Some want to travel the world, others want to take up new hobbies, while others want to spend as much time as possible with their grandchildren.
If you’re approaching retirement, it’s time to start planning now. You don’t want to reach retirement withou... ››› more
Before the introduction of e-tolls on Gauteng highways, there was a public outrage against it.
E-tolls began charging motorists using Gauteng highways on 3 December last year. But figures show that just over a quarter of motorists are adhering to the new system.
As a panel assesses the socioeconomic effect of the e-tolls, opposition groups have presented their ideas on how to overcome the wa... ››› more
There are many investors and traders who think that it's only a matter of time until the silver price starts to put in a sustained recovery.
But, of course, with that there are many investors and traders who think that the silver price has further to fall.
So what are the chances of a fall in the price of silver looking like?
Let's take a closer look…
Silver on the chart
Over t... ››› more
By taking out building insurance and an earthquake strikes, you might assume that your insurance policy would cover any claim you make for damages.
But a report out today suggests that this might not be the case. Nearly a third of insurance companies questioned said they will not pay out claims if the cause of the earthquake relates to mining activities.
So what are the insurance companies s... ››› more
The current Ebola virus outbreak is the worst on record. It's already claimed the lives of over 1,500 people.
And it looks like it's going to have dire economic consequences for affected African countries.
It's even starting to affect the movement of commodities.
Let's take a closer look at what's going on…
The Ebola outbreak will curb economic growth in the region
The presiden... ››› more
“Trading is nothing more than gambling!”
“Trading is like a casino where the house always wins!”
These are a just a few things my friends used to tell me, when I started trading.
But that's when I told them, they have to change the way they look at things when it comes to trading the markets
You see, my friends didn't have the tricks and tips to think like a casino. Instead, th... ››› more
Last month, a R699 car scheme came crashing down leaving around 17,000 consumers with bank loans to pay.
Some of the consumers affected by the scheme took the matter to court in an attempt to get a class ruling that the banks involved awarded the loans recklessly.
But at the end of last week, the court delivered news the car scheme victims didn't want to hear.
Let's take a closer look at... ››› more
If you want to give trading a go, you'll find that there are a wide number of different derivatives you can use.
Contracts for difference (CFDs) are a popular derivative. So what makes CFDs different from some of the other derivatives out there?
Let's take a closer look…
CFD difference #1: Expiry date
CFDs have no date of expiry. This makes them different from the likes of single ... ››› more
Your tenant has just moved out of the apartment you rented to them for four years. Interest rates are up, your bond repayment is up and you can't afford to keep the apartment empty - cash is too tight.
What do you do?
Stick the first person willing to rent it from you into the property?
And you convince yourself there’s no need to do a credit check? Or that the fact this person doesn’t... ››› more
Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its trade activity index for July.
The data showed that trade activity is under severe strain. This is the worst level seen so far this year.
Let's take a closer look at what's putting pressure on trade activity in South Africa…
Trade activity is at its worst level for the year so far
The Trade Acti... ››› more
You've most likely seen a wine expert on TV describing an array of different fruits and spices as he tastes a wine.
That's because certain wines come with characteristic aromas and tastes. And if you're going to a wine tasting session, knowing what these are can help you embrace what's going on in your palate.
So what are the key characteristics of different white wines?
Here are the ... ››› more
Back when I was a banker, I had the unique privilege of being trusted by many wealthy executives. And one thing they all had in common was an almost uncanny ability to 'follow the money'.
In trading, that comes down to knowing how to trade strong price-action 'money flow' patterns in the charts, which I'm about to share with you.
Instantly choosing the strongest trading sign... ››› more
Many of the world's developed economies appear to be firmly on the road to recovery.
The British economy is back to its pre-financial crisis levels. And whilst the US is still benefitting from the Federal Reserve's stimulus programme, economic indicators are optimistic.
Yes, the South African economy is looking fragile. But if overseas economies continue to grow, SA should benefit from the ... ››› more
High frequency trading (HFT) is a form of algorithmic trading. Using HFT, some traders nip in and out positions at break neck speed to boost returns.
Now the point behind HFT isn't to make big gains, it's to make lots of little ones. It's a popular strategy employed by many institutional investors on the stock markets.
So can HFT have an impact on your forex trading?
Let's take a closer l... ››› more
Filing your annual tax return is quite a challenge and most people seek the services of a tax professional who can do all the work for them.
It's important to make a smart, carefully researched decision when choosing a tax professional to file your tax return and keep you informed about the latest changes in tax laws.
Here are some tips for choosing the right tax practitioner in times of ne... ››› more
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