Q. "I'm really stumped on this one. In February 2021, I made a promise to start real trading, after I saw Red Hot Storm Trader make positive returns year after year.
I decided to start out with a R1,000 portfolio, to test out a real account.
And last week, I took my first trade and bought 1 Aspen CFD, thanks to Timon's last RHT trade idea.
Now I'm old but I understand that the share... ››› more
Q. "If I'm the owner of the MATI Trader System Programme, will I get any value joining the Beginner CFD Trading webinar?"
A. Hi Clive, yes absolutely.
In the MATI Trader System Programme, I run through the basics of trading in just 20 minutes.
With the webinar, I plan to cover every essential aspect to CFD trading and the trading basics over a course of two hour... ››› more
Q. “In the middle of January I received an email from Red Hot Storm Trader where you banked 75% on the ALSI CFD trade.
This is one trade I missed, as I was still on holiday.
Could you give me a good idea of what I would've made if I deposited R7,700 into the CFD trade?”
A. First of all, it’s for these reasons why I always trade whenever I go on holiday.
I never k... ››› more
You may not know this but two-thirds or 60% of the world's supply of cocoa beans come from West Africa each year.
This includes the Ivory Coast and Ghana (2nd biggest cocoa producer).
Just to put it into perspective, Ghana's cocoa sector employs over 800,000 rural families. It also produces around R33.58 billion in foreign exchange.
This year we've seen a major slump in cocoa prices.
... ››› more
The rand is once again in hot water.
In August, we saw the currency drop from R15.00 down to R17.78 for the first time since 21 May 2020.
And this is due to one main factor.
We hit half a million cases of Coronavirus in SA, taking us to the top five infected countries in the world.
It's clear the COVID-19 pandemic still has the power to cause a see-saw in market sentiment.
And... ››› more
Q. “I'm so keen to start trading with Pickpocket Trader and Red Hot Storm Trader!
Could you please assist with what amount of money you would start trading?
I really want to get off on the right foot with trading. Thank you in advance.”
~ Astrid J
A. It’s an important question to ask when you start trading. Some people put too much money into their account and blow it within ... ››› more
What an interesting month it's been for Trading Tips.
As the world has been easing their national lock down rules, it looks like the global economy is slowly going back to ‘normal'.
And each week I do an analysis, I find yet another stock exchange which is set to rally higher.
First the Dow Jones, second the JSE All share Index, then the rand and today is no different.
In toda... ››› more
Q. ”You have suggested that you've moved your stop loss on Kumba to close your trade at R363.00 to lock in a gain of 22.81%. The entry price was R350.18 and with the difference between the two is R12.82.
This is only a 3.66% move from where you entered. How do you arrive with a gain of 22.81%?
I look forward your explanation.”
A. To understand how I banked a 22.81% gain, w... ››› more
Q. “On Tuesday I bought 100 Remgro shares and when I woke up on Wednesday to check the markets, I was holding 69 RMH (Rand Merchant Bank Holding) shares instead. Please can you explain what happened?”
A. Believe it or not, the exact same thing happened to me.
Remgro went ahead with the unbundling process in Rand Merchant Bank Holdings to its shareholders.
Unbundlin... ››› more
On Monday (11 May 2020), the Bitcoin Halving event took place for the first time in four years.
This was where the miners reward for Bitcoins per block was cut by half, from 12.5 Bitcoin down to 6.25.
I told you I expected Bitcoin to rally in the next couple of months.
Not only because, historically the Bitcoin price rallies after every Bitcoin Halving event but because there is on... ››› more
In the last few weeks, we've finally seen good news come out for South Africa.
I don't want to go into too much detail, but I'll highlight a few of the main points including:
• More businesses and economic activity has started to resume since moving from Level-5 of the lockdown down to Level-4.
• The government has told South Africa that there will be no more load-shedding from Es... ››› more
Q. “I am a member of Pickpocket Trader and I trade using the ProTrader charting platform.
I only have two questions with regards to trading CFDs on international shares.
1. What is the difference between CFDs and EQTs on the platform?”
2. Where can find I find the ticker codes for Adidas, Lloyds and other international CFDs?”
A. When you type the name of the share you want t... ››› more
On Monday, while I was doing my weekly market analysis, I saw something I've never seen before.
For the first time in history, the US WTI (West Texas Intermediate) oil prices crashed below zero.
At first, I thought this was just a glitch on my trading platform. But then, just minutes later, it was the breaking news event of the day.
When I did the research, I realised that the demand f... ››› more
There seems to be optimism flowing back into European markets.
Particularly in the UK as, in the last month, we've seen the FTSE 100 recover over 18%.
This is due to a number of reasons including:
• The COVID-19 infection rate is slowing down
• Talks about the ease of strict lockdowns
• The pound strengthening at an alarming rate
• Investor confidence entering the stock markets... ››› more
Just when you think, things couldn't get any worse with the financial markets…
Last week it did…
Not only did we experience the worst week for stocks since ‘Black Monday' in October 1987…
We also saw major crashes in the cryptocurrency markets.
I'm talking about cryptos falling (in the past five days):
• Bitcoin -33% and -60% for the month
• Ethereum - 30%
• Ri... ››› more
Bitcoin has once again surpassed the psychological $10,000 level, which has been making headlines…
And now, investors, analysts and traders world-wide, don't know whether to buy more of it or just sell it…
Some are calling it a bubble, others are waiting for a pull back and some are waiting for a major crash.
But I'm going to put all of those emotional driven articles to bed... ››› more
Brent crude has had an abysmal start of the year.
As things stand, the price is hovering around $50 per barrel which is the lowest it's been in over 12 months.
A major, if not ONLY factor, that's resulted in the drop in brent crude is the Coronavirus.
As I write this, the virus has already infected more than 17,000 Chinese people and more than 350 have died. The numbers are rising on... ››› more
“HI Timon, I have taken an AUD/USD demo Forex trade since I finished with the Forex Profit Box Programme.
My trade details were as follows:
1 Mini-lot: 10,000 units
Take profit: 0.6780
Is there a way I can manually calculate the profit in rands for my Forex trade? Thank you…”
A. I have a three-step checklist to calculate... ››› more
Q. “Hi Timon, I'm looking at trading next year from fresh. To cut a long story short, I have finally found a trading system that delivers profits over time and now I'm just collecting data…
Do you have any trading goals that you look at, so I know I'm on the right page for 2020?”
A. The only way to set and prepare your trading goals, is by basing your results on a proven bac... ››› more
Q. “Hi Timon, I read the weekly article where you expect the JSE ALSI40 to rally.
My question is, if Moody's does eventually decide to downgrade South Africa to junk what would happen and when is the next grading?”
A. The next possible downgrading for South Africa would happen as soon as March, if South Africa fails to come up with a plan with “Credible debt-stabilisation”.
... ››› more
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