Q. “I keep seeing special offers for signing up for Forex and trading brokers. I don't want to make a mistake and choose the wrong one. Do you have a list of requirements to make sure I choose the best broker for me?”
A. I am glad you asked this question.
My social media platforms have also been filled with advertisements from brokers that are offering different ‘Black... ››› more
Q. “I'm looking to start trading this year, but I want to find the right broker first. What questions should I ask a broker before I trade with them?”
A. I have 10 important questions you need to ask any broker before you decide to trade with them.
Q1. What variety of local and international trading markets do you offer?
Q2. What trading derivatives... ››› more
• Should I close the trade for a R1,836 profit?
• Is it difficult to trade in Crypto-currencies?
• The best stock broker to trade penny shares
Q. Hi Timon, on Tuesday I bought Sibanye Gold for R826. So far, it has made R1,836 profit. Should I close the trade or let it run more? C
Answer by Timon Rossolimos, Red Hot Storm Trader
Asking me this question is ver... ››› more
The state of our nation
A strong rally on Friday reversed losses on the JSE and helped the Top 40 close the week up 0,75%. Financials gained 2% while Industrials and Resources were marginally higher.
Markets continued to respond positively to the Trump administration's rhetoric, particularly regarding lower taxes. Data from China and Japan supported the market rally. The Nikkei rose 2,5% a... ››› 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
How much cash should you put into your account to start investing?
Does it even matter?
The amount of money you start out with could be of crucial importance - and if you miss this you could end up losing money from winning shares.
But this doesn't mean you need thousands of rand to start investing though…
Let me explain...
What you start out with will determine your succe... ››› more
I thought you may be interested in these recent trading questions I received on our www.investorsclub.co.za
Remember, I'm always here to help, when you have a question.
• Do you recommend we adjust our stop losses?
• Who are the best brokers?
• How much money do you need to start with Forex trading?
• Could you verify my analysis of the GBP/USD chart?
Q: Do you recommend we adj... ››› more
If you want to invest and have pinpointed a few shares that you want to buy, you need a stockbroker. Or perhaps you don't want to make the share picks, but would like a broker to do it for you. A stockbroker acts as an intermediary between you and the stock market. You have a number of different options open to you. What type of account do you open? What should you consider when you pick a broker?... ››› more
When you're deciding which stock broker to open an account with, one thing to check is how you buy shares.
You may find that some stock brokers focus on providing an online platform for you to carry out your transactions, whilst other brokers you can deal with over the phone.
So which is the best option for you?
Read on to find out…
The best way to buy shares
The best way to bu... ››› more
If you want to buy shares, you need a stock broker. A stock broker acts as the middle man between you and the stock market.
Without one, you simply can't invest.
So how do you find a stock broker? What sort of broking account should you open? And how much is it going to cost you?
Read on to uncover the answers to these questions and much more…
Why you need a stock broker to invest... ››› more
Once you've decided what stock broker you want to open an account with, there are a few things that you should check first.
So what are these things? And when will you be ready to start investing?
Read on to find out…
How to decide what type of stock broker account to pick
You should base the type of stock broker account you open on the level of support and guidance you feel you n... ››› more
Once you decide to open an account with a stock broker, the next decision you need to make is what type of account you want.
There are three main types of stock broking accounts available.
Read on to find out what they are and how they differ…
There are three types of stock broker accounts
When you apply to open an account with a stock broker, they’ll ask you what type of accoun... ››› more
The minimum funds required to open a broking account differ from stock broker to stock broker. It can range from R2,000 upwards.
But if you only have a small sum available to invest, you should be wary about putting it to work in shares.
This is because of the fees and commissions stock brokers charge.
So why is investing with a small amount a bad idea? And what can you do if you don't ha... ››› more
If you want to invest in shares, you need to get yourself a stock broker. A stock broker acts as the middleman between you and the stock exchange.
The good news is there are lots of them to choose from and it's easy to open an account and start investing.
Let's take a closer look at the role of a stock broker and how to go about opening an account with one…
How the stock market opera... ››› more
If you're interested in investing in shares, you need a stock broker.
So what is the role of a stock broker? Why do you need to buy and sell shares through one? And how can you open an account with a stock broker?
Read on to find out…
What a stock broker does
If you want to invest in shares, the first thing you’ll need to do is open an account with a stock broker. You can’t do... ››› more
When I started trading I was so excited because I found a way where, through technology, I could see and feel the financial markets of the world at my fingertips. I was even more excited to start making money for myself…
So, I opened a forex demo account and within one month I turned R500,000 of fake money into R1,200,000! I was elated! I couldn't believe how easy it was to make money.
I... ››› more
I spend the better part of my day doing research, sifting through broker reports and analyst presentations.
And after years of researching the markets every day, one thing has always stood out to me:
In all these reports and presentations, you hardly ever see the word SELL!
You'll see plenty of buys, accumulates, adds, holds and maybe even a switch… But no sells.
Don't believe me? Ta... ››› more
We recommend the following brokers to FSP Invest readers. They offer our readers speical, reduced brokerage rates:
Imara S.P. Reid
Global Trader 247
To qualify for your preferred rates please inform the broker you are a FSP Invest member.
Please consider your choice of broker carefully, and select the broker best suited to you and your needs. You can also review a fu... ››› more
It probably won't come as a surprise to you that stockbrokers are in the business to make money. When you buy and sell shares, your stockbroker makes sure he gets his share. So how does a stockbroker make money from you? And how can you work this out for yourself? Let's take a closer look…
A stockbroker makes his money in two ways
A stockbroker earns money from you as a client in two ways:
... ››› more
Before deciding what stockbroker to go with, you need to decide how you want to trade. Do you want to put trades on yourself online? Or do you want to phone a stockbroker and have them do it for you? Let's take a closer look at what you need to consider before settling on your brokerage account…
Tired of... ››› more
Disclaimer FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found on this website.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this website.