I want to show you how you can turn R10,000 into R87,400. Or to turn R100,000 into R874,000 with this one trading strategy.
I need to be honest though…
There is no fool-proof system for making money. Trading always carries risk. But I've worked HARD to perfect this system - to eliminate as much risk as possible.
And that's why, with my strategy, you will win more than you lose. Earlier ... ››› more
We haven't had many questions from you this week.
I assume it's because you know what you're doing or you're just making too much money trading.
Either way it's a good thing.
This means, our Q and A session for the week will be short and sugary.
However, I've written a brand new Forex 101 Report which I think you'll find helpful with your trading.
Feel free to go through the Q&A for... ››› more
Normally at a company's end year function, they make a reservation at a restaurant and have drinks and dinner.
Not here at FSP, which is the company I work at.
The team decided to go to Sky Bar at Pineslopes in Fourways.
You can choose between a bunch of activities to do there.
Abseiling, Rock Climbing, Bungee Jumping or you can just chill, drink and eat at the Sky Bar.
At first I s... ››› more
It's been a fascinating journey over the last few weeks.
You've seen why I enjoy trading these currency pairs the most:
Today, I'm going to reveal my fourth favourite currency pair.
Let's get to it…
Currency Pair #4: The Swiss Franc (USD/CHF)
The USD/CHF is an abbreviation for the U.S dollar against the Swiss Franc. This is the official legal t... ››› more
Trading your own account and owning a business is no different.
You need to keep track of your financial records to see how your business is performing.
This way you'll be able to monitor and manage it better for your success.
I want to give you a Forex Trading Journal today. So you can keep track of your Forex success in 2017.
Why should you have a Forex Journal with you at all... ››› 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
You're lying on your comfy couch watching Billions on TV.
You have your laptop on your lap, eating Big Corn Bites while drinking a beer.
You have your trading platform in front of you and you're taking trades, hoping to make some moola for the night.
Aaaah the life!
If you thought this was a perfect way to trade to your financial freedom, then prepare to be financially... ››› more
About 10 years ago, I gave up with investing. The returns were just too slow for my liking.
And so, trading took over a big portion of my life.
Now as you know by now I'm a trader by heart. But I also understand that I need to diversify my money for the future. Why? Well, it's better to grow my retirement kitty with multiple streams of income, rather than with just one or two.
With the st... ››› more
• Should I close the trade for a R1,836 profit?
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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
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
Let's say you have your proven strategy, correct mind set and strong money management rules.
Is that all it takes to be a successful trader?
For the first four years of trading, I believed it was.
Until one day, I woke up and realised I was down R70,000, in just three weeks.
I didn't understand what I was doing wrong.
Today, I want to show you how you can avoid making this mistake w... ››› more
Pips, strength, weakness, ZAR, USD!
If you've watched Bloomberg, CNBC or sky news, it can be a daunting task to try and understand all of these jargon Forex terms.
But what If I could show you how to understand these currency pairs in a way you'll never forget it.
I'm not going to bore you with too much information. In fact, one chart is all we need to make sure you remember how to und... ››› 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
Nothing could prepare investors for the volatility that we've seen in the markets in recent months. It's been interesting to watch the economy dodge junk status, the JSE tank under Brexit and investors scramble around trying their best to find investment opportunities.
The good news is, just because the financial markets are going crazy, doesn't meant there are no opportunities for your to pro... ››› more
One of my ongoing quests in life, is to find the scams that are losing traders and investors all their money.
At least once a week, I Google this exact phrase.
“How to get rich quick with trading?"
You'll be surprised at the number of unregistered companies and individuals there are, trying to swindle people's hard earned money.
But the scam I want to talk to you about today is the B... ››› more
There are so many Forex scams out there promising fast gains and lucrative returns, that when most traders hear the word “Forex”, they immediately think that we're out there to swindle you out of your money.
But at FSPInvest, we don't make promises that we can't keep. So when we say that our Forex Trader service is a great way to make quick gains from trading international currencies, we m... ››› more
Every week I meet with the FSPInvest team. We usually discuss investment strategies, economic situations and the best investment opportunities on the market today.
Well, this week, things went a little a differently. I realised that many investors are turning to Forex trading as away to make money from the markets. But since this is such challenging investment solution, I decided to find out m... ››› more
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