There's no feeling like this…
You have money in your Forex account. You have your strategy written down in front of you.
And finally, this is it…
You're about to take your first trade…
You put in your entry, stop loss and take profit level and then…
You have no idea how much money to deposit.
Find out about the two rules you need to know to get into your first Forex... ››› more
Let me sum up what I'm about to reveal today…
A report that contains the strategy that I've used for over 13 years to make a second income trading the markets.
And it's all revealed in the Six Forex Profit Patterns report.
I'm writing about it today, because of the countless questions I'm getting in my mail box every week.
Timon what strategy can I use to trade Forex?
• I want to ... ››› more
• Should you copy a successful Forex trader's trades
• Which is the best Forex demo-account
• Do I have a successful Forex strategy?
Q. “Hi Timon, a quick question. What do you think about social trading apps such as E-toro where you can copy a trader” T
Answer by Timon Rossolimos, Red Hot Storm Trader:
Following traders is all about track-record.
... ››› more
I'm often asked “What is the best Forex software to buy?”
And I always tell them the same answer.
None - You don't have to pay anything, when you can gain access to trading platforms for FREE.
Let me explain…
The trading platform that all the pros use, is yours for FREE
Whether you’ve just started trading Forex, or you’ve dabbled a bit now and then, there are ... ››› more
Dear Trading Tips reader,
"Which is the best technical indicator I can use when trading Forex?"
This is a question, I get asked at least once a month!
There is a deluge of different technical indicators to choose from, which can help you towards your Forex trading success.
You get traders that recommend indicators like the Stochastic, The MACD, Bollinger Bands, the ADX, blah blah!
D... ››› more
Dear Trading Tips reader,
You're in a Euro Dollar Forex trade.
It's going up nicely and is about to hit your take profit sell signal, where you'll bank a decent gain.
But then, you go against the system and raise your take profit further.
You just “know” the trade will keep going up where you can bank an even higher profit.
The market has passed your initial take profit and ... ››› more
Dear Trading Tips reader,
On Saturday, at the Forex 101 Workshop in Durban, an attendee asked a question which sparked an interest with the rest of the attendees.
“Out of the hundreds of news events, which ones are the most important to trade with?”
I could see by their faces that they all wanted to know the answer to this question.
Who wouldn't? Everyone wants to know which eve... ››› 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
Back in 2003, I had such ridiculous expectations when I first started out trading.
I thought I could turn R30,000 into R60, 000 rand in just one month. I was at a stage in my life where ego controlled my trading decisions.
Because I had this incredible power to trade on the stock market, I felt like a trading emperor.
I imagined I never had to work another day in my life!
But in th... ››› more
I thought you may be interested in reading my answers to some of the recent trading questions I received on from traders on our investing club, www.investorsclub.co.za
If you have a question of your own, simply sign up (it's FREE) and ask away. Either I or one of the other FSPInvest experts will answer your trading and investing questions within 72 hours.
Q: How much do I need to make an ... ››› more
Between July 2015 and 21 January 2016 the JSE's Resource's index crashed a whopping 63.89%. Mining and resource shares all over were crushed as investors clamoured over one another to shout "SELL" harder than their neighbour.
But since the end of January 2016, there have been THREE important announcements that spell the end of this downturn. At least for a couple of tiny miners on the JSE.
I... ››› more
Sam attended my Forex 101 Workshop last year. On the day, I gave him a profitable Forex strategy I've used over the last 12 years. At the end of the workshop, Sam came to me with the stink eye. He didn't believe it was that easy to make money from the Forex markets. That night he went home with the sole goal to prove my strategy wrong. Last week I got an email from Sam with good news. He told me h... ››› more
Having a powerful Forex strategy is one crucial element to run a successful Forex career. But if you don't know how much money you need to put in per trade, you're wasting your time. At the end of the day, this is a money game not a Holy Grail game. And so today, I'm going to sum up in just two steps how much money you need to put into every Forex trade you take. Let's begin. Let’s look at the l... ››› more
“You need 10,000 hours under your belt to master a skill” I'm sure you've heard this before.
But a lot of commitment is required if you're looking to be a chess champion, cricket player or even a professional juggler. But I disagree when it comes to trading Forex. I can't think of anything further from the truth.
Here at Trading Tips, it's my passion to make sure you start profiting fro... ››› more
With a net worth of $73 billion, Warren Buffett is the second richest man in America and #3 on the Forbes billionaires list.
Most people know Buffett as a great investor.
Why? Early in his investing career, he realised that there were certain businesses that had strategic advantages - this allowed them to continue to grow bigger every decade, crushing their competition over time.
He figur... ››› more
If you've tried making money out of the forex market and failed, don't give up.
There's a way you can make thousands of rand a month from trading the forex market part-time.
Read on to find out how you can do it…
How to make money trading forex
Making money from trading forex doesn’t mean devoting every waking hour to what’s happening on the forex markets.
You can do it by ... ››› more
Forex trading can be extremely lucrative.
Your success as a forex trader all comes down to having a great strategy.
Using a great strategy along with some simple risk management techniques means you should be profitable along the way, even with some losses.
So what forex strategy can you use to profit?
Read on to find out…
How you can avoid making beginner forex trading mista... ››› more
Technical analysis can be an extremely useful tool to help you see where the forex market could be going.
Get these predictions right and you make a profit.
Take continuation patterns. Spot these and you have the chance to exploit a powerful trend.
One such continuation pattern are flags.
Let's take a closer look at how you can use these to spot a money making forex trading opportunity... ››› more
Many technical analysis indicators work well with forex trading thanks to the forex market being so liquid and heavily traded.
After a powerful uptrend, a currency pair may trade sideways before resuming its upward trend. So how can you spot this type of pattern?
Read on to find out…
Using triangle patterns as part of your forex strategy
Triangles are useful continuation patterns ... ››› more
One popular pattern traders look out for are double tops. They're particularly useful as they're easy to spot.
They can be very lucrative patterns too. You just need ensure you follow a few rules.
Let's take a closer look at using double tops as part of your forex trading strategy…
A double top is worth including in your forex strategy
A double top is a reversal pattern. It can in... ››› more
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