Q. "Trader X recently sent out a Forex trade to short (sell) the EUR/ZAR. I am currently trading Forex CFDs and would like to ask how I can calculate the minimum rands risked per pip movement if I traded 5 CFDs. Do you have a formula to help with this?”
A. Hi John S, yes I can absolutely help with this.
... ››› more
Q. “I'm a member of Pickpocket Trader and Red Hot Storm Trader. I am currently using the Velocity Trader platform. My question is when I take a trade and follow your system, what order type should I choose and why? Please see attached picture”
A. Hi Zweli, Thank you for the question.
Out of the list above, there are only two market orders I like to use:
Market Order
This is wher... ››› more
My trading is governed by this cheat sheet which focuses on three things!
• The first is trading goals.
• The second, your trade reporting and how to spot a big trend.
• Third, A trade analysis & execution plan.
Sticking to this cheat sheet has made me a successful trader for the last 20 years and now I hope it can do the same for you…
I've broken this cheat sheet into ... ››› more
Last week, I flew to South Africa to catch up with friends and relatives.
I'm thrilled to have also have flown with my lovely girlfriend, so I can show her around this beautiful country.
Compared to chilly Greece, the weather has been perfect and it's been incredible being back to friendly faces, open air, amazing food and a lekker Jozie spirit!
Any way last week Friday, I decided to phon... ››› more
Q. “Timon, I am trying to figure out what will suit me best as a trader. Maybe you can help me with my trading profile. I'm a 56 year old single house father who has about 1 hour a day to trade with income from property rental. I don't like too much stress and I certainly don't like the idea of losing a lot of money in a day. Can you help me figure out who I am as a trader?” A. Hi Bryce, you... ››› more
There's no doubt about it…
“Map apps” have revolutionised the way people travel.
In less than a minute, you can open an app on your phone, type an address and voila…
You're ready to go.
It's no wonder why “map apps” like Google, Waze (owned by Google) and
Apple boast hundreds of millions of users - even BILLIONS!
But one day that could change.
You see, a new crypto s... ››› more
There are many economic signals that can accurately predict a recession.
A few weeks ago, I wrote about the “inverted yield curve”. It's a very strong predictor that economic growth will contract in the short-term.
Rapidly rising oil prices are another excellent indication that recession is hovering just over the horizon.
Historically speaking, high inflation combined with low unemp... ››› more
For years, some high profile, investors and economists as well as governments have denounced bitcoin.
They've called bitcoin “evil”
A useless asset…
A giant bubble…
And declared it “dead” over 400 times.
But the digital asset has persisted and converted some of its most critical sceptics…
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In our QA mailbox this past week...
Q. “Timon I read the Monday article about why you expect gold to rally with the whole Russia and Ukraine invasion going on. I found it fascinating and would love to know more. I'm not sure if this is the right platform, but I don't know where else to ask. I believe this is going to be ongoing and that you're going to write a lot more on the current situatio... ››› more
My name's Timon Rossolimos and I have been a professional trader since 2003.
I run a small trading company called MATI Trader in the heart of Gauteng, Johannesburg. I have also been running a consistently profitable trader service and newsletter for the past ten years.
Before that I managed a restaurant, traded for myself and worked at a few broker houses.
It's there I first became int... ››› more
What if I told you… this is all you'll ever need to take your trading profits to a whole new level?
You will Never need to buy another product.
You will Never need to attend another event.
You will Never have to worry about technical jargon.
And you WILL realise how easy the process is within just a few hours.
Allow me to introduce myself…
My name is Timon Rossolimo... ››› more
For many decades, we escaped reality through books, magazines, and movies.
In the future, we will escape via 3D-internet platforms, like VR gaming, virtual bars/clubs, and immersive shows and movies.
This future world, where the physical and the digital combine, to transform the online sphere into a more immersive, 3D experience is called the “Metaverse”.
And the metaverse is expected... ››› more
In September 2021, Sotheby's announced its intention to auction an extremely rare copy of the US Constitution. For interest sake, out of the 500 made, only 13 remain. 11 of those 13, sit in institutions. For example, the Library of Congress. That means two are privately held.
So, this announcement was a big deal. And many took notice. In particular one group of crypto entrepreneurs...
... ››› more
Did you hear?
Some unfortunate crypto investors/traders lost everything.
And that's not hyperbole.
In just under a month, one crypto exploded 83,000%. Only for it to erase all these gains just a couple of weeks later.
So what happened?
________________________________________
Will you outlive your money?
My colleague Josh Benton recently discovered a w... ››› more
In case you've been living under a rock, Bitcoin hit an all-time high of $67,000 last week. And if you've been reading Trading Tips, this should be of no surprise…
In 2020, I predicted Bitcoin would rally from $10,000 up to $24,442.
And on 18 May, when Bitcoin was at $42,700, I made a prediction that it would rally to $73,000.
You would probably think that I would sell ... ››› more
One of the most powerful lessons I learnt as a trader was from Microsoft's founder, philanthropist and entrepreneur… Bill Gates.
Every year, Bill Gates goes to a secluded place to enjoy what he calls a “Think Week”.
During this time, he bans all communication from everyone and everything.
He avoids being distracted by his family, friends and employees.
Basically, he takes with hi... ››› more
Last year Jack Ma, the Alibaba Founder, gave a speech where he uttered a couple of very minor criticisms of the Chinese economic system. At the time of the speech, he was one of the richest and most famous people in China.
In addition, Alibaba was one of the largest companies not just in China, but the world. If that wasn't enough, he was set to list another giant, the Ant Group, which was the ... ››› more
Institutional investors…
They've been one of the major catalysts that's catapulted Bitcoin into the mainstream financial media and its price over the past year and half.
And it makes sense…
The more “Big Money” get involved in digital currencies, the further it legitimises them as an asset class.
Consequently, more investors jump on board pushing up prices.
We've seen t... ››› more
What started as the online currency for the dark web Is now viewed by Wall Street as a legitimate asset class.
And it's in big part due to a number of tech companies (MicroStrategy, Square, Tesla), banks and billionaire investors entering the crypto market in some way.
The thing is, this is only the beginning…
In fact, recent reports hint that the world's largest tech company may just b... ››› more
Q. “Timon I've been a trader for the last three years following your tips and strategy. My portfolio is up but only a tiny amount. Could you give me some signs to see if I'm on my way to trading success?”
A. By the sounds of it Grant, it looks like you’re well on your way to becoming a great trader.
I do have a quick three-point check list that I use to see if a trader... ››› more
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