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
“Timon why don't you be a man and risk 10% per trade?”
“I'm not going to get rich with risking 2% of my portfolio per trade, I'm sticking to 10%”.
I constantly get these snarky emails trying to convince me to change the way I trade.
I don't care about how amazing your trading strategy is.
There are two things I'm going to say.
Firstly, Don't worry about what I'm doing, ... ››› more
If you're serious about making a consistent income on the markets, you'll save today's article and work through it carefully at your own pace.
I can thank Johan, one of my Trading Tips reader's, for posing this important question on how to go from opening your trading account to actually taking real-live trades.
Enjoy…
“Hi Timon, I've just subscribed to Trading Tips and am interest... ››› more
Fifteen years ago, I didn't think this was possible.
Maybe it was for other people, but certainly not for me...
At the age of 20, I drove a red Golf Chico, earned R5,000 a month, lived in a tiny one bedroom flat in someone's back garden and couldn't afford to take an annual holiday.
Today, my life is totally different. That's because I understand the life changing power of earning, sav... ››› more
Ah South Africans! Blinded by politics, multicultural in every way, revered by the world... But man, do we suck when it comes to money?
We're a country of proud people. We've survived some of the most severe political turbulences the world has ever seen. We beat it all. Despite all the challenges our country still faces, we have a proud heritage.
Maybe that's why so many of us refuse to adm... ››› more
Money management is one of the most important - yet overlooked - strategies for profiting with shares. Managing your money properly could mean the difference between a small loss and a total wipe out. It could even be the difference between making a profit or a loss!
In Red Hot Penny Shares, I'll tell you why our PowA! penny shares are headed higher... But I'll also tell you what to do if thing... ››› more
Ideally from the moment you start earning money, you should follow key money management principles.
But for most of us, it doesn't quite work out like this. You have good intentions to save and budget, but you end up living month to month waiting for your wages to hit your bank account.
So what sort of money management should you be following?
Read on to find out…
Money management... ››› more
The festive season is just around the corner. This means long and expensive shopping lists for food, drinks and gifts.
But before you start buying, you need to give your finances the once over. You need to ensure that you manage your money for December and into the New Year.
Let's take a closer look…
Festive money management tip #1: Your December pay
Chances are you’ll ... ››› more
Many traders obsess about getting a high win rate on their trades. They strive to bank as many winners as they possibly can.
But the fact is, you don't have to have a very high win rate to be a successful trader.
It all comes down to the way you manage your trades…
Why a high trading win rate isn’t that important
Consider this scenario…
Two traders, Sam an... ››› more
It's easy to concentrate on how much money you can make from your trades. But unfortunately in the world of trading, even the best prepared trades may not work out.
So how can you deal with this when you trade?
Read on to find out…
You can’t ignore money management with your trading
Regardless of how good your trading strategy is, you’ll never get it right all the time... ››› more
Many new traders are so eager to start trading, they forget to sort out the money management side of things.
But by neglecting this, they're unlikely to do well trading.
So how should you manage your money when you trade?
Let's take a closer look…
Why money management is so important when you trade
Money management is a vital aspect of trading the stock market as the risks are... ››› more
Trading contracts for difference (CFDs) can be extremely profitable, but trading CFDs is also risky.
If a trade doesn't pan out the way you want it to, you can lose more than you initially put into a trade.
So how can you deal with this risk?
You must use stop losses…
How stop losses work when you trade CFDs
When you trade CFDs, you can place stop losses with your stock broker ... ››› more
If you've decided to give contracts for difference (CFDs) trading a go, you need to think about how you're going to manage your money before you begin.
So how much money should you put into each CFD trade you put on?
Let's take a closer look…
You need to start off trading CFDs conservatively
As eager as you may be to make some money trading CFDs, you need to start off putting down... ››› more
Yesterday, you may have got a fright when you noticed how the Johannesburg Stock Exchange and stock markets across the world fell as worries over the Greek crisis hit.
When things like this happen, it brings home the risk of a stock market crash and the impact it could have on your portfolio.
So what can you do to minimise the impact of a stock market crash on your portfolio?
Read on to f... ››› more
You set out to make money from trading. Whether you trade single stock futures, contracts for difference or spread trade, profits are vital to continuing to trade and your overall success.
As much as risk management is about looking after the downside to a trade, the upside is also important.
So what should you do when a trade you're in does well?
Read on to find out…
The secret ... ››› more
There are two major benefits of risk management when you trade forex.
Firstly, risk management protects you from losing a large amount of money in one trade.
And secondly, risk management will make you more profitable in the long run.
One key aspect of risk management is position sizing. So how can you make this work for you?
Read on to find out…
Using position sizing as part o... ››› more
If you're new to trading, it's easy to let the excitement of making mouth-watering profits from your new venture stand in the way of dealing with vital aspects of your strategy.
But before you even contemplate putting a trade on, you must realise the importance of risk management and make it a major part of your strategy.
So why is risk management so important when you trade? And how can you... ››› more
Trading is higher risk than investing.
The gearing aspect of trading instruments gives you the potential to multiply your gains. But this can also work against you and multiply your losses.
So how can you ensure you don't wipe out your trading account with a few bad trades?
Read on to find out…
Two vital ways to manage your trading risk
Managing the downside when trading is yo... ››› more
Starting to trade with your own money after using a demo account is a nerve racking experience. What if you get it wrong and you lose money?
Losses are part of trading. You can't expect to get it right every time. That's why it's vital that you manage your trading account in such a way that you can take a few losing trades and still have enough money to continue trading.
So what's the best w... ››› more
Saving doesn't come easy for most of us. When you're not making enough to live comfortably, you probably think that you can't afford to save. People who earn less have more trouble saving than others, although they could be saving each month, even if it's only a small amount.
How can you teach yourself to save more money each month? Here are five ways to get started.
1. Change your attitude t... ››› more
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