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Money Management

  • “I'll be a Pickpocket Trader for life - THANK YOU!”
  • 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
  • [06 May 2020]
  • If you don't follow this rule, prepare to blow 65.13% of your trading portfolio
  • “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
  • [21 September 2017]
  • 10 steps to kick-start your trading!
  • 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
  • [21 September 2017]
  • Live the life you want and break the chains of financial slavery
  • 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
  • [16 August 2016]
  • 14 mistakes you make with your money but refuse to admit
  • 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
  • [18 July 2016]
  • Follow These Three Money Rules to Avoid Financial Disaster
  • 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
  • [12 February 2016]
  • Four money management tips to help you get on top of your finances
  • 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
  • [26 January 2016]
  • Ensure you start the New Year financially fit with these festive money management tips
  • 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
  • [21 December 2015]
  • The secret to trading the stock market successfully
  • 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
  • [28 October 2015]
  • Why stop losses are your saving grace when trading CFDs
  • 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
  • [29 September 2015]
  • How much should you put into each CFD trade?
  • 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
  • [17 September 2015]
  • Wealth protection strategies uncovered: Three ways to crash proof your portfolio
  • 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
  • [30 June 2015]
  • Trading strategies uncovered: How to manage your profits and losses
  • 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
  • [18 June 2015]
  • Forex risk management: How to get position sizing right
  • 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
  • [09 June 2015]
  • Why you must address risk management BEFORE trading
  • 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
  • [09 June 2015]
  • Don't take gambles with your trading account… Here's how
  • 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
  • [03 March 2015]
  • Five ways to make yourself save more money
  • 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
  • [28 October 2014]
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